Latest News
Brexit vote, jobs data, justify patience, Fed´s Lockhart says
Last Friday´s weak jobs report and the upcoming Brexit referendum justified “patience” when deciding on another interest rate hike, a US central bank oficial said.
Directors dealings: Mariana Resources COO sells ahead of resource estimate
Mariana Resources´s chief operating officer sold just over a third of his stake in the mining outfit just as the company´s shares were hovering near their 52-week high.
Coca-Cola optimistic on medium-term growth
Coca Cola HBC said on Monday that it expects an average annual revenue growth rate in the range of 4% to 5% on a currency-neutral basis in the medium term versus 2. 9% in 2015.
LukOil's Q1 profit hit by crude prices, forex headwinds
Russian oil producer LukOil PJSC saw its first-quarter profit plunge almost 59% as crude-oil prices plumbed 12-year lows and as it was buffeted by foreign-exchange headwinds.
Rothschild, Martin Maurel plan France tie-up
Rothschild & Co and Compagnie Financiere Martin Maurel (CFMM) plan to merge their French operations, creating an independent private bank in France with combined assets under management (AuM) of €34bn.
Saxo raises margin requirements on pound trades
Saxo Bank increased its margin requirements for clients wanting to execute trades in pounds, ahead of the 23 June referendum on the UK´s membership of the European Union.
Tuesday preview: RWS Holdings reports first half results
Intellectual property translation group RWS Holdings is expected to report on Tuesday a 24% increase in first half revenue to £56. 5m.
Cambian trading in-line with directors' views
Specialist behavioural health service provider Cambian continues to trade in line with its directors' expectations as it implements and sees benefits from its remedial-action programme, sending its shares up almost 4%.
EFG Hermes to sell 40% stake in Credit Libanais
EFG Hermes has received approval from the Central Bank of Lebanon to sell a 40% stake in Credit Libanais, and will thus proceed with the sale.
US economy to continue growing, justifying further tightening, Fed´s Rosengren says
The sharp slowdown in hiring Stateside in May did not fit in well with recent retail sales data showing a "snap back" in consumption, a top US central bank official said, adding that he expected to see a continued gradual improvement in the economy.
Burberry CEO Bailey gets 75% pay cut
Burberry’s chief executive officer Christopher Bailey has seen his pay drop 75% pay for fiscal 2016, according to the luxury retailer’s annual report.
Broker tips: Shell, Cairn Energy, Wolseley
Investors need not be overly-concerned about the risks to Royal Dutch Shell's dividend, although the likelihood of a projected $25bn share buyback over four years might be a wholly different question, analysts at SocGen said.
PureTech Health's Vedanta Biosciences raises $50m
PureTech Health said Vedanta Biosciences, its business pioneering the development of a new class of therapies designed to modulate the human microbiome, has raised $50m in new equity investments.
Catalan separatists take solace from Brexit campaign
The political ramifications of a British exit from the European Union could be vast, and no more so than in the north-east of Spain where Catalan separatists are fighting for independence for their region.
Aminex updates on Kiliwani North commissioning
Aminex says commissioning of the gas plant and sub-sea pipeline at its Kiliwani North Development Licence in Tanzania began on 1 June, and that commissioning of the power regeneration system and other auxiliary facilities is complete.
Pension fund advisors ask members to reject WPP pay report
The Local Authority Pension Fund Forum (LAPFF) has advised its 70 member funds to vote against advertising agency WPP’s remuneration report, which is being put to shareholders on Wednesday.
Swallowfield buys Brand Architekts for £11m
Swallowfield, a supplier of personal care and beauty products, has agreed to buy fellow beauty supplier The Brand Architekts for £11m.
Chinese investors buy majority stake in Inter Milan
Chinese appliance retailer Suning Commerce Group has agreed to pay 270 million euros for a 70 percent stake in Italian football giants Inter Milan.
Europe midday: Stocks flat as investors eye Yellen speech
European stocks were little changed on Monday as investors awaited a speech by Federal Reserve chair Janet Yellen for further clues on monetary policy after Friday’s dire payrolls report.