Latest News
AB InBev to cut 3% of workforce after merger
Belgian brewer Anheuser-Busch InBev said on Friday that its merger with SABMiller could result in thousands of job losses.
San Leon Energy raises up to £170.3m, to complete OML 18 production deal
San Leon Energy has raised about £170. 3m, with net proceeds going to complete the OML 18 production agreement. OML 18 is a world-class Nigerian onshore oil and gas asset.
Europe midday: Stocks nudge lower; all eyes on Yellen
European stocks edged lower on Friday as investors awaited a speech by Federal Reserve Chair Janet Yellen at Jackson Hole.
London midday: Stocks flat after UK GDP as traders await Yellen speech
London stocks were flat on Friday as official data showed second quarter UK economic growth accelerated in line with expectations and as investors awaited a speech from Federal Reserve chair Janet Yellen.
Eurozone narrow money supply growth reaches 19-month low in July
Money supply growth in the euro area slowed to its lowest pace in 19 months in July, reflecting slower economic activity, leaving economists somewhat divided on the outlook for trends in lending.
Germans euphoric about their income prospects in August, GfK says
Germans' were euphoric about the prospects for their own incomes in August, whetting their appetite for more consumption, the results of a widely-followed survey revealed.
US pre-open: Stocks seen flat ahead of Yellen speech
US futures pointed to a muted open on Wall Street, where all eyes will be on Federal Reserve Chair Janet Yellen’s speech at Jackson Hole.
French consumer confidence edges higher in August
French consumer confidence edged higher in August, with people judging that their personal financial situation had improved in the recent past.
Asia: Stocks mixed after Japan inflation, before Jackson Hole
Asian stocks were mixed on Friday as traders digested worse-than-expected core Japanese inflation data and awaited the Federal Reserve’s Jackson Hole conference.
Speedy Hire sells large mechanical plant fleet for GBP14.4m
Tools, equipment and plant hire services company Speedy Hire announced the sale of its large mechanical plant fleet for £14. 4m in cash to Ardent Hire Solutions.
SocGen downgrades CRH on outperformance, but says equity story still attractive
Societe Generale downgraded its recommendation on building materials group CRH to ‘hold’ from ‘buy’ following the stock’s outperformance.
Consumer confidence bounces back in August after Brexit vote
Consumer confidence in Britain rose at its fastest monthly pace since 2013, which suggested people were taking the economic effects from voting to leave the European Union in their stride.
SolGold placing raises $25.1m in first stage of financing
Australian gold and copper miner SolGold confirmed its shareplacing on AIM on Friday, raising £16. 1munder the first tranche of the deal negotiated with Maxit Capital.
Morgan Stanley ups Amec Foster to 'overweight'
Morgan Stanley upgraded Amec Foster Wheeler to ‘overweight’ from ‘equalweight’ and bumped up the price target to 700p from 500p saying restructuring should outweigh disposals.
UK second-quarter GDP growth confirmed at 0.6%
UK gross domestic product growth was confirmed at 0. 6% for the second quarter, according to the second estimate from the Office for National Statistics.
Ladbrokes given a boost by Berenberg upgrade
Berenberg has raised its rating on Ladbrokes to ‘buy’ from ‘hold’ and lifted its target price to 185p from 130p, saying the company is its second favourite stock in gaming after Playtech.
LXB Retail sells Greenwich B&Q investment
Jersey-based real estate investment firm LXB Retail Properties said it had exchanged contracts for the sale of its investment at B&Q Greenwich to an unnamed UK investor for £43. 3m, adding that it planned to return around £20m to shareholders.
Restaurant Group swings to loss, to close 33 outlets
Restaurant Group swung to a pre-tax loss in the first half on the back of restructuring costs, while like-for-like sales fell and the company announced the closure of 33 outlets.
Berenberg upgrades BAE Systems to 'buy'
Berenberg upgraded BAE Systems to ‘buy’ from ‘hold’ and lifted the price target to 580p from 520p.
London open: Stocks drift lower ahead of key speech by Fed´s Yellen
London stocks started the session marginally lower on Friday as investors eyed a speech by Federal Reserve chair Janet Yellen at Jackson Hole later in the day for any clues on the timing of an interest rate hike.