Latest News
Deutsche Bank cuts Poundland to 'hold' from 'buy'
Deutsche Bank downgraded Poundland to ‘hold’ from ‘buy’ but lifted the price target to 205p from 180p.
Numis places Consort Medical 'under review'
Consort Medical’s shares were put ‘under review’ by Numis after the company reported its full year results.
UKIP accused of inciting racial hatred with immigration poster
The United Kingdom Independence Party (UKIP) has been heavily criticised for attempting to incite racial hatred with a new poster which depicts a group of immigrants border-crossing during the recent refugee crisis.
IMF warns eurozone of political risks to economic recovery
The International Monetary Fund (IMF) said on Thursday political uncertainty, a rise in populism and the refugee crisis has reduced cooperation in the eurozone and its ability to restore economic growth.
Revlon to buy Elizabeth Arden for $870m
Cosmetics giant Revlon has agreed to buy Elizabeth Arden for $14 per share in cash, representing an enterprise value of around $870m.
MP Jo Cox was harassed a few months before her death
Police investigating the death of Labour MP Jo Cox on Thursday have confirmed that she had been harassed in the months leading up to her fatal shooting.
Greece secures €7.5bn aid payment from Eurozone
Eurozone finance ministers have approved the payment of around €7. 5bn of aid to Greece.
Europe open: Stocks in the black as Brexit fears recede for now
European stocks rose in early trade, tracking gains in the US and Asia and underpinned by higher oil prices as worries about Brexit receded, at least for now.
London open: Stocks gain as banks and oil recover
London stocks edged up on Friday as finance stocks recovered and oil prices bounced back from declines throughout most of the week.
Tesco turfs Dobbies out to investor group
Retail giant Tesco confirmed the sale of its Dobbies Garden Centres chain on Friday, to an investor group led by Midlothian Capital Partners and Hattington Capital.
HDFC Standard Life looking at merger with Max Life, Max Fin Services
Standard Life said its 35%-owned HDFC Standard Life Insurance was in talks with Max Financial Services to look at a possible merger of their insurance units.
UBM completes PR Newswire sale, announces special dividend
Trade publication and events company UBM confirmed on Friday that it has completed the sale of its PR Newswire division to Cision - a business controlled by GTCR Canyon Holdings.
JD Sports sees "excellent" first half on Euro 2016 boost
FTSE 250 retailer JD Sports Fashion said on Friday that it is well placed to deliver an “excellent” first-half result.
London pre-open: Stocks seen higher as pound recovers
London stocks were seen opening higher on Friday, recouping some of the losses from earlier this week as the pound recovers somewhat.
Wood Group buys EESL fabrication unit from administrators
Energy industry services firm Wood Group said it had bought the trade and assets of Enterprise Engineering Service Limited’s (EESL) Aberdeen-based fabrication and manufacturing business from administrators for an undisclosed sum.
HSBC to pay $1.57bn to settle class action; Tesco confirms sale of Dobbies
London’s FTSE 100 was expected to open 49 points higher than Thursday’s close at 5,999.
Friday newspaper round-up: National Grid, Barclays, Brexit
MPs are calling for National Grid, the company that runs Britain’s electricity system, to be broken up in a radical move they say could transform the UK’s energy supply. Members of the cross-party energy select committee have said they believe that National Grid, which is one of Britain’s 20 biggest companies with a market value of £36bn, faces too many conflicts of interest and should be split up. – Financial Times.
HSBC to pay $1.75bn to settle Household Intl class action
HSBC said it will pay $1. 57bn to end a class action lawsuit over its 2003 purchase of Household International that could have exposed it to $3. 6bn in payouts.