Latest News
Marks & Spencer announces plans to cut around 525 jobs
Marks & Spencer has announced proposals to cut around 525 jobs as it looks to make savings following a detailed review.
Vela Technologies improves minuscule revenue, widens loss
Vela Technologies, the investing company focused on early-stage and pre-IPO disruptive technology investments, announced its results for the year ended 31 March on Monday.
StatPro signs £1.5m deal with US asset manager
Cloud-based portfolio analysis and asset pricing services provider StatPro Group announced on Monday it has entered into a three-and-a-half-year contract with a US-headquartered “top ten global asset manager” for its Global Investment Performance Standards (GIPS) Composites service, for a minimum value of £1. 5m.
Spire London to become Europe's tallest residential tower after £800m Chinese investment
A Chinese firm is to construct Europe's tallest residential building in London's Canary Wharf, with sales of apartments in the £800m tower set to begin in October.
Vipera narrows first half loss as revenues rise
Vipera, a specialist provider of mobile financial services, narrowed its first half loss as revenues jumped 43%.
Theresa May refuses to back points-based immigration system
Prime Minister Theresa May has ruled out the possibility of a points-based immigration system for the UK, despite promises from Brexit campaigners to the contrary.
Results round-up
Contracts-for-difference trading platform Plus500 reported a 25% jump in first-half revenue as net profit rose amid continued growth in active and new customers.
Cambria Automobiles reports strong second half trading
Trading at Cambia Automobiles during the first 11 months of the financial year was substantially ahead last year´s tally.
FTSE 100 movers: RBS, Lloyds slump on DB downgrade; Randgold rallies
London’s FTSE 100 index was down 0. 2% to 6,880. 76 in afternoon trade.
Flowgroup follows energy flow as boilers await verdict on state support
Interim results from Flowgroup showed its second stream as an energy reseller is surging, while its original core business as a boiler developer hangs in the balance ahead of a government decision over feed-in tariffs (FIT).
FTSE 250 movers: Zoopla soars while Virgin Money falls flat
The FTSE 250 was trading just above the line on Monday afternoon, as sterling strengthened after better-than-expected UK services data.
Altice offer over €2bn for telecom unit SFR
Multinational telecoms company Altice NV has made a bid to buy out minority shareholders of its SFR Group for around €2. 4bn, in order to take total control of the company.
Formula 1 set to be sold in $8.5bn deal
Motorsport franchise Formula 1 will be sold to John Malone's Liberty Media group in a deal worth $8. 5bn (£6. 5bn).
Merkel's party suffers embarrassing loss in German regional election
German chancellor Angela Merkel's Christian Democratic Union has suffered a shock loss in a German regional election, finishing third in the leader's own constituency.
UK new car registrations grow 3.3% in August
The United Kingdom experienced an improved growth of 3. 3% in new car registrations in August, despite economic uncertainty in the aftermath of Britain's vote to leave the European Union in June.
Tuesday preview: Ashmore Group reports full year results
FTSE 250 listed investment manager Ashmore Group is expected to report a decline in earnings and revenues when it publishes its full year results on Tuesday.
Vale International optimistic about fintech acquisitions after AIM float
Cash shell Vale International raised £0. 8m as it floated on the London main market on Monday with the aim of acquiring a financial services technology business in a UK market the directors believe remains attractive despite the post-Brexit uncertainty.
Pantheon Resources puts well on pause but finds 'significant hydrocarbons'
Pantheon Resources, an oil and gas exploration company, has paused operations at a 50%-owned well in Texas after a series of equipment failures, but said a nearby fracking procedure has been successfully completed.
Paragon Entertainment signs deal with Turkish firm
Attractions design, production and fit-out business Paragon Entertainment announced on Monday that it has entered into a representation agreement with Gülşah Öztürk, a museums, attractions and heritage specialist based in Turkey.