Latest News
Brexit: Immigration debate leads to bookmaker slashing odds
Irish bookmaker Paddy Power has significantly reduced its odds on the British electorate to vote to leave the European Union in the referendum on the 23rd of June.
Lamprell subsidiary inks Saudi joint-development agreement
Lamprell subsidiary Maritime Offshore has entered a joint-development agreement in connection with a potential partnership collaboration to establish a Maritime Yard in Saudi Arabia.
OECD warns of major shocks to UK economy after Brexit
The UK economy would be subjected to severe shocks if it left the European Union, with GDP projected to be 3% lower in 2020 than if it remained, the Organisation for Economic Co-operation and Development (OECD) said.
Acal posts bumper FY results, sees challenging conditions ahead
Shares in electronic products designer and distributor Acal fell more than 3% as it warned of challenging trading conditions ahead after hiking its full-year profit, revenue and dividend.
Nostra Terra loses exclusive acquisition rights in Permian Basin
Nostra Terra Oil & Gas was still in limbo over its proposed acquisition of an interest in New Mexico producing assets on Wednesday, announcing it was continuing to seek debt financing via a secured bond to complete the deal.
Salesforce to buy Demandware for $2.8bn
San Francisco-based cloud computing company Salesforce has entered into a definitive agreement to acquire Demandware in a deal worth around $2. 8bn.
Brexit poll support hits sterling and stocks
A new Brexit poll showing parity between the Remain and Leave votes saw sterling slip further to a two week low on Wednesday, also hitting equities as housebuilding stocks led the fallers.
Europe midday: Stocks in the red; Fed, OPEC and ECB eyed
European stocks fell on Wednesday amid mixed Chinese data, a warning from the OECD, lower oil prices and caution ahead of some key events.
London midday: Stocks fall as OECD warns on Brexit risks
London stocks dropped on Wednesday as the Organisation for Economic Co-operation and Development (OECD) warned on the impact of a possible Brexit on the UK economy.
Google launches attack on passwords - but are they too late?
Passwords have long been the bane of technological existence, and Google believes that their new Project Abacus will allow Android users to be recognised by their movements and usage patterns, including the way they type, and even facial recognition.
Xiaomi buys patents from Microsoft, agrees to carry software on smartphones
Chinese smartphone manufacturer Xiaomi has agreed to buy 1,500 patents from Microsoft, gaining some helpful intellectual property in return for carrying the US group's Office and Skype software on its devices.
Asia report: Mixed signals send markets lower
Most Asian markets ended Wednesday lower, with mixed signals coming from Chinese and Australian economic data.
US pre-open: Stocks seen touch weaker ahead of key events
US futures pointed to a marginally weaker open on Wall Street as investors looked ahead to some key data releases and events.
Prudential facing 'significant' Asia slowdown and US headwinds, says SocGen
Societe Generale has downgraded Prudential to a 'hold' rating from its previous 'buy' due to pressure on the investment and savings group's earnings from tougher conditions in Asia and the US.
China manufacturing PMI remains unchanged in May, official data shows
Chinese manufacturing activity growth remain unchanged in May, according to official data on Wednesday.
UK MPs say govt needs to justify £250m Kent truck park plan
A UK parliamentary committee has questioned a government plan to spend £250m building a vast truck park in Kent when freight routes across the English Channel are disrupted.
UK mortgage lending slows sharply in April
UK mortgage lending in April slowed to its lowest monthly level since August 2012, according to the latest figures from the Bank of England.
US interest in football soars ahead of Copa America kick-off
As the 2016 centenary Copa America tournament gets underway on Friday in Santa Clara, California, the popularity of football, or "soccer", in the United States is now reaching unprecedented levels. This will be the maiden competition held north of the U. S-Mexican border, and it hopes to capitalise on a growing demand for the European dominated sport.
UK house price growth slows in May, Nationwide reveals
UK house price growth slowed in May compared to the same month a year ago, Nationwide data revealed on Wednesday.
UK manufacturing PMI beats expectations
The Markit/CIPS UK manufacturing purchasing managers’ index came in a little better than expected for May.