Latest News
May refuses to intervene in Cameron honours row
UK Prime Minister Theresa May would not block the resignation honours list submitted by her predecessor David Cameron 'because it would "set a very bad precedent", the BBC reported citing a Downing Street spokesman.
UK supermarkets recall Yeo Valley-supplied yoghurts over rubber contamination fears
Britain's major supermarkets are withdrawing own-branded yoghurt products supplied by Yeo Valley as they may contain pieces of rubber, the Food Standards Agency said on Monday.
Business lending to fall in light of Brexit
Business lending is expected to fall as customer credit and mortgage demand weakens due to people being put off making big purchases in light of Brexit.
Tuesday preview: FTSE earnings in focus
With earnings season in full swing, corporate results on the FTSE 100 and 250 will dominate Tuesday’s agenda.
Real Good Food swings to FY profit but revenues drop
Diversified food business Real Good Food swung to a full-year profit thanks to the sale of its sugar division Napier Brown, but revenue dropped sharply.
OPG Power revenue and earnings ahead as chairman steps down
Developer and operator of power generation assets in India, OPG Power Ventures, announced its preliminary results for the year ended 31 March on Monday.
Sterling slump post Brexit to help James Halstead full year
Commercial flooring maker and distributor James Halstead said the slump in the pound since the UK's vote to leave the European Union would help produce full year profits in line with expectations and “at the highest level in the company's history”.
Deutsche Bank sees scope for ABF to increase dividend payout ratio
Deutsche Bank bumped up its recommendation and target price on shares of Associated British Foods.
Tesla and Solar City announce intention to merge
Tesla and Solar City announced their decision to merge in an all-cash deal worth approximately $2. 6bn.
Japan's Panasonic locks in on GHD hair straighteners
Japanese giant Panasonic has reportedly expressed an interest in buying UK hair straightener maker GHD, which is being sold off by its private equity owner Lion Capital.
O'Neill baffled by Hinkley Point delay as China questions UK's post-Brexit openess
Treasury minister Jim O’Neill threatened to quit over Theresa May’s handling of China’s involvement in the Hinkley Point nuclear power plant project, as China’s news agency questioned whether Britain was truly open for business post-Brexit.
Formula One suitors Sky and others to find out fate soon
The sale of motor racing franchise Formula 1 could be completed in the next few weeks, according to the Wall Street Journal, and British broadcaster Sky are said to be one of the frontrunners to buy the business.
BMR set to agree larger facility for Kabwe plant
Zambia-focused mineral processing business BMR Group said it expects to agree a $3. 5m loan facility alongside a sale-and-purchase deal with a private South African firm later this week.
Keller Group earnings down as Asian market remains depressed
Geotechnical contractor Keller Group posted its results for the six months to 30 June on Monday, with record first half revenue of £850m, up 12%, but guided markets towards the lower end of the Board´s range of expectations.
David Robinson jumps to Conviviality from Argos
Independent alcohol wholesaler Conviviality announced on Monday the appointment of David Robinson to the board as managing director of Conviviality Retail with immediate effect.
Europe midday: Stocks turn lower as banks slide
European stocks reversed earlier gains to trade lower on Monday, with banks under the cosh as investors digested the results of the latest stress tests.
Cameron faces allegations of cronyism after honours list leak
Former UK Prime Minister David Cameron has sparked a row over his resignation honours list after the Sunday Times newspaper published what it claimed to be details of the recipients, including his wife Samantha's adviser.
London midday: Stocks fall as UK manufacturing sector contracts in July
London stocks fell on Monday after data showed the UK manufacturing sector contracted more than expected in July on the back of pre- and post-EU referendum uncertainty.
Royal Dutch Shell needs growth delivery, higher oil, Citi says
Analysts at Citi sounded a cautious note on the outlook for Royal Dutch Shell´s performance in the short-term.
EE customers angry as roaming and data issue leaves many disconnected
Mobile phone company EE are facing huge numbers of customer complaints after interruption to its roaming and data services left many abroad disconnected.