Latest News
Work Group suspended as it misses reporting deadline
As a raft of AIM companies rushed to post their 2015 results before the 30 June deadline, Work Group announced on Wednesday that its shares had to be suspended from trading.
WPP invests in Russell Simmons' All Def Digital
Advertising group WPP has agreed to make a strategic investment in Los Angeles-based All Def Digital (ADD), a digital media company founded by hip-hop impresario Russell Simmons.
Northwest Investments goes nowhere six years after listing
Six years after raising £3m and listing on AIM, Northwest Investment Group still had nil revenue to show the market in its final results for the 2015 calendar year on Wednesday.
Telefonica takes O2 off the auction block, for now
Spain´s Telefonica decided to take its UK subsidiary O2 off the auction block, following Brussel´s decision to block its sale to rival Hutchinson Whampoa, until the storm in markets abated.
US open: Stocks gain as Brexit shock eases
US stocks gained on Wednesday as the initial panic of Brexit eased and investors sought bargains.
Mporium raises £3.1m in placing
Mobile commerce specialist Mporium announced on Wednesday that it has raised £3. 1m before expenses through a placing of 41,379,008 ordinary shares of 0. 5p each, at a price of 7. 5p per placing share, from a combination of new and existing shareholders.
FTSE 100 movers: Prudential rally; Istanbul bombings hit travel stocks
Prudential shares rallied after Barclays reiterated an ‘overweight’ rating and target price of 1609p on the stock, saying the company is its “top pick among European insurers”.
FTSE 250 movers: Shawbrook bounces back; Brexit worry for McCarthy & Stone
Shawbrook Group jumped as Credit Suisse maintained ‘outperform’ rating but cut its target price to 235p from 380p. “We acknowledge the macro risks from Brexit (which we now reflect in estimates),and are disappointed by yesterday's announcement about past "irregularities" in asset finance lending, but believe underwriting is fundamentally robust and that current depressed valuations are overdone,” said Credit Suisse.
GE Capital sheds systemically important label
Regulators Stateside took GE Capital, General Electric´s finance arm, off their list of "systemically important" firms, potentially opening the way for the company to be able to increase its level of gearing.
US pending home sales drop more than expected in May
US pending home sales fell more than expected in May, according to data from the National Association of Realtors (NAR).
Rex Bionics announces £2.3m funding round
Robotic technology firm Rex Bionics announced on Wednesday a £2. 3m gross fundraising to sustain its “commercial momentum” during a strategic repositioning and review of further funding opportunities.
Director dealings: Crook adds to Provident holding after shares drop 20pct
Provident Financial chief executive Peter Crook spent £0. 57m on shares in the non-standard lender after they lost a fifth of their value in the fallout from the Brexit result.
UK stocks to stay in the main European equity benchmarks
The UK might leave the European Union but the country´s stocks would continue to be included in the main pan-European equity indices, two of the world´s main benchmark compilers said.
Spanish PM rejects Scotland's attempt to retain EU membership
Acting Spanish prime minister Mariano Rajoy has rejected claims from Scotalnd that they should be allowed to remain in the European Union, during a press conference in Brussels on Wednesday.
US personal spending in May points to solid Q2 consumption
US personal income and spending grew as expected in May, pointing to solid growth in household consumption during the second quarter, according to some economists.
BofA ML upgrades Burberry on weak sterling, valuation
Fashion house Burberry racked up healthy gains on Wednesday as analysts suggested it would benefit from sterling weakness.
SNP attempts to replace Labour as Commons opposition
The Scottish National Party will attempt to displace Labour today as the official opposition in the House of Commons, as they claim that Jeremy Corbyn's party has descended into a "crisis-ridden shambles·. The nationalist party have 54 MPs, and will cite rules in the parliamentary guidleines that the opposition government must be prepared to assume power.
Istanbul Ataturk airport attack: 41 dead and over 230 injured
Suicide attacks have rocked Istanbul's Ataturk airport on Tuesday evening, with at least 41 people killed and over 230 injured in a combination of gunfire and bomb blasts in one of the world's busiest terminals.
Thursday preview: UK GDP, Eurozone inflation in focus
UK economic growth data and eurozone inflation figures will be in focus on Thursday.
French economist quits Labour advisor role due to weak referendum campaign
Well-known French economist Thomas Piketty has walked away from his role as a Labour party advisor after referring to the party's campaign during the United Kingdom's European Union referendum as "very weak".