Latest News
ServicePower signs two year extension with major client
Mobile workforce management software company ServicePower Technologies announced on Wednesday that it has signed a contract extension with an unidentified North American consumer products manufacturer worth approximately $1. 5m over a new two year period.
Highlands Natural Resources to start drilling programme in Southeast Montana
Highlands Natural Resources said on Wednesday that it plans to drill two new wells in Southeast Montana in the next 30 days after it filed permits with state authorities.
Cisco set to lay-off up to a fifth of its workforce
Cisco Systems was set to shed up to nearly a fifth of its staff as the US tech giant pursued its transformation towards software and away form hardware manufacturing.
Oil prices recover as weekly US crude inventories fall
Oil prices recovered slightly from earlier losses on Wednesday after data showed a decline in weekly US crude inventories.
FTSE 100 movers: CRH up amid Eurostoxx inclusion talks, Old Mutual down on CS downgrade
London’s FTSE 100 index was down 0. 57% to 6854. 78 in afternoon trade.
NewRiver Retail moving to main market on Thursday
NewRiver Retail announced on Wednesday that the Royal Court of Guernsey has made an order sanctioning the scheme to change its corporate structure.
Morgan Stanley ups target price for Valeant Pharmaceuticals
The worst was past for beleaguered US drug outfit Valeant Pharmaceuticals, analysts at Morgan Stanley mused.
Baron Oil blames bureaucracy for Peruvian delays
Following recent meetings in Lima, Baron Oil update the market on its activities in Peru on Wednesday.
US open: Stocks fall ahead of Fed meeting minutes
US stocks declined on Wednesday ahead of the Federal Reserve’s meeting minutes, which may provide hints on the next interest rate hike.
W Resources raises £0.6m in placing
Tungsten, copper and gold exploration and development company W Resources announced on Wednesday it has completed a placement of 171,428,569 ordinary shares of 0. 1p per share, at a price of 0. 35p per ordinary share to raise approximately £0. 6m before expenses, to existing shareholders and Directors of W.
Director dealings: More GB Group directors take some profits
GB Group's finance and operations director Dave Wilson and his wife have sold around a quarter of their stake in the security and identity data group, not long after the outgoing chief executive also dumped a chunk of shares not long after they hit an all-time high in June.
Reduced chances of US fiscal stimulus after elections, Morgan Stanley says
Chances are US economic policies will change little, or only gradually so, after the US elections in November, Morgan Stanley said.
Carlsberg under the cosh after H1 numbers
Danish brewer Carlsberg was under the cosh on Wednesday as its first-half results failed to impress, although it maintained its outlook for the year.
FTSE 250 movers: Indivior surges on results; Laird slumps as CEO goes to Cobham
London’s FTSE 250 index was down 0. 2% to 17,779. 06 in afternoon trade.
PSPI continues asset sell-offs in first half
Former specialist real estate investment and financing company PSPI announced its unaudited results for the six months to 30 June on Wednesday, with profit from continuing and discontinued operations is reported at £0. 6m for the period, compared to a loss £3. 0m for the first six months of 2015.
Aldermore to stop offering bridging loans
Aldermore Group has decided to stop offering short-term bridging loans from next month as the challenger bank focuses on its residential and commercial mortgage business.
Uber sues TFL for English test requirement for drivers
Taxi-hailing app Uber is suing London’s transport regulator over new rules to private firms, which requires drivers to pass an English language test.
Thursday preview: Premier Oil reports half year results
Premier Oil is expected to report strong production in its half year results on Thursday.
PuriCore secures two patents for immunomodulatory technology
AIM-listed biopharma hopeful Puricore has been granted two US patents covering the technique for producing its 'immunomodulatory' therapy for inflammatory skin disorders.
Olympic grandee arrested in Rio over ticket scalping connection
International Olympic Committee executive board member Pat Hickey has been arrested by police in Rio over alleged connections with an Olympic ticket scandal, according to reports.