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Latest News
09 Sep
wells fargo
Wells Fargo fined $185m for opening fake accounts

One of the US' biggest banks, Wells Fargo, has been fined $185m by regulators for allegedly creating fake accounts in order to meet sales targets.

09 Sep
edgar test 10
Richoux swings to loss on living wage, increased competition

Richoux swung to a loss in the 28 weeks to 10 July as the company was hit by increased competition and the new minimum wage.

09 Sep
seguro-insurance-300x200
Randall & Quilter to acquire Royal London General Insurance

Randall & Quilter (R&Q), a Bermudan insurance group, has announced that it has agreed to acquire the British non-life insurance company Royal London General Insurance (RLGI) that was in run-off.

09 Sep
UK trade deficit narrows in July as exports rise, ONS reveals

The UK’s deficit in trade in goods narrowed in July as exports improved, according to the first release of official data on trade since the Brexit vote.

09 Sep
carney boe bank england
UK inflation expectations edge higher, BoE says

Britons' inflation expectations moved moderately higher in August but were unchanged on longer time horizons.

09 Sep
handshake
Ebiquity appoints new CFO

Marketing analytics specialist Ebiquity has appointed Andrew David Noble as chief financial officer and a director of the board with immediate effect.

09 Sep
Burberry, retail, fashion
Burberry shares drop as Goldman highlights subdued outlook

Luxury retailer Burberry was under pressure on Friday after Goldman Sachs removed the stock from its Sustain Focus List, highlighting the company’s subdued outlook.

09 Sep
North Korea carries out largest nuclear test ever

A fifth nuclear test by North Korea drew immediate condemnation from the international community and raised concerns the country might have made significant progress in its nuclear programme due to its potency.

09 Sep
bunzl, packaging, consumer goods, diistribution
Bunzl under the cosh on HSBC downgrade

Bunzl was under the cosh on Friday as HSBC downgraded its stance on the distribution and outsourcing group to ‘hold’ from ‘buy’ given the valuation multiples and macroeconomic uncertainty.

09 Sep
Seth Johnson, CEO of ICAP's EBS BrokerTec
ICAP appoints Seth Johnson CEO of EBS BrokerTec

Market operator and information service provider ICAP appointed Seth Johnson chief executive of EBS BrokerTEC, ICAP’s foreign exchange and fixed income global markets division.

09 Sep
jimmy choo, shoes, retail
RBC reiterates 'outperform' rating, lifts target price on Jimmy Choo

RBC Capital Markets reiterated an ‘outperform’ rating on Jimmy Choo and raised its target price to 160p from 150p as the broker upgraded its earnings forecasts on the luxury shoe maker.

09 Sep
trading floor, trader, stocks, markets
Global equities to push higher through mid-2017, says SocGen

Global equities should push higher through mid-2017, Societe Generale said, thanks to stronger growth and a better inflation outlook, along with continued decent yields.

09 Sep
mediclinic hospital
Mediclinic expects revenue from Abu Dhabi to be lower than expected

Private healthcare company Mediclinic said “significant progress” was made integrating the Al Noor Hospital business, but revenues from its Abu Dhabi operations will be lower than anticipated.

09 Sep
cash money sterling pay deal offer acquisition m&a
IPPlus to sell call centre and software businesses, change name

AIM-listed customer engagement specialist IPPlus has agreed to sell its call centre and software businesses to Direct Response Contact Centres for £6. 7m.

09 Sep
wetherspoon, jdw, breakfast
Wetherspoons posts full-year growth as chairman trumpets Brexit

Pub operator JD Wetherspoon posted its preliminary results for the year to 24 July on Friday, with revenue rising 5. 4% to £1. 595bn, and like-for-like sales improving 3. 4% over the prior year.

09 Sep
union-europea-banderas
Europe open: Stocks drift lower amid ECB disappointment

European stocks drifted lower in early trade as investors mulled over the latest inflation figures from China and continued to digest Thursday’s European Central Bank announcement.

09 Sep
Yuan, China
London open: Markets edge lower after mixed Chinese data

Stocks dipped at the start of trading, weighed down by mixed inflation readings in China and as investors continued to mull over the European Central Bank’s announcement in the previous session.

09 Sep
randgold gold metal
UBS ups Randgold to 'buy' after underperformance

UBS upgraded Randgold Resources to ‘buy’ from ‘neutral’ with an unchanged price target to 9,750p on the back of share price weakness and strong momentum in the second half of 2016.

09 Sep
debenhams, oxford street
HSBC downgrades Debenhams on structural concerns

HSBC downgraded Debenhams to ‘reduce’ from ‘hold’ but nudged the price target up to 55p from 53p, pointing to long-term structural concerns.

09 Sep
pills tablets medicine drugs pharmaceutical
FDA approves Dechra Pharma's generic antibiotic

Dechra Pharmaceuticals obtained its first approval for a product from its recently acquired US business Putney.