Latest News
Imagination Technologies sells Pure digital radio business for £2.6m
Imagination Technologies said trading in the first quarter continues to be in line with the board’s expectations and announced an agreement to sell its Pure digital radio business to Austria’s AVenture AT for £2. 6m in cash as it looks to reduce debt.
Harvey Nash shares drop on half-year results
Technology recruitment and offshore services company Harvey Nash Group announced its half year results to 31 July on Thursday, which were in line with the board's expectations.
Redcentric appoints new COO, says on track to meet FY expectations
AIM-listed IT managed services provider Redcentric announced the appointment of Mo Siddiqi as chief operating officer and expressed confidence that it will deliver results in line with its expectations for the year.
Commerzbank to announce 9,600 job cuts and suspend dividend
Troubled German lender Commerzbank will reduce its workforce by 20% in the next few years by cutting 9,600 jobs, in an attempt to cut costs and boost profitability.
US pre-open: Stocks set for flat open as enthusiasm over OPEC fades
US futures pointed to a steady open on Wall Street as enthusiasm over OPEC’s deal to cut production wore off.
Numis cuts rating on Imagination Technologies to 'add' from 'buy'
Imagination Technologies shares fell on Thursday after Numis downgraded the stock to ‘add’ from ‘buy’ after the company sold its Pure digital radio business.
Asia report: Markets higher as energy shares rally
Most markets in Asia finished higher on Thursday, as oil prices rallied amid reports of a production freeze being finally agreed between producing nations of OPEC.
OPEC deal could boost oil prices but uncertainty remains: Goldman Sachs
Goldman Sachs has said that a deal agreed by the Organization of Petroleum Exporting Countries to cut oil production is likely to prop up prices for the short term at least, but has remained firm on its forecasts.
Amiad Water Systems appoints Dori Ivzori CEO
Water treatment and filter producer Amiad Water Systems appointed Dori Ivzori chief executive.
Datatec expects fall in revenue to continue into 2017
Datatec, an International ICT solutions and services group, released its trading update on Thursday showing its revenue for the first four months falling by 11% and expects the trend to continue into 2017.
BoE launches buy-to-let curbs as housing market cools
As its data showed the UK housing market cooled in August with a 20-month low in mortgage approvals, the Bank of England announced new curbs on buy-to-let borrowing.
German unemployment unexpectedly increases in September
German unemployment unexpectedly rose in September, although the unemployment rate remained at a record low, according to data released by the Federal Statistics Office.
Spotify in discussions to buy Soundcloud - reports
Digital music service Spotify is in negotiations to take over German-based rival Soundcloud in its latest move to compete with Apple, according to reports from the Financial Times.
Babcock confident of second-half improvement, says ShoreCap
Babcock International has seen a slower performance in the first half but still expects to grow revenues 6% in the full year, broker Shore Capital revealed as it reiterated a 'buy' recommendation on the engineering services outsourcer.
HSBC reiterates 'reduce' rating on Sainsbury after trading update
HSBC has reiterated a ‘reduce’ rating and target price of 185p on Sainsbury after the supermarket reported a drop in second quarter sales.
Imperial Brands 'on track' to meet full year expectations
FTSE 100 tobacco maker Imperial Brands said it was completing its financial year on track with expectations, helped by growth from its huge US acquisition.
CMA to investigate price comparison websites
The Competition and Markets Authority has launched a study into digital comparison tools (DCTs) – websites or apps used by consumers to compare products – to gauge how they are working for consumers, business and the economy.
Plus500 founders offload 15.5m shares
The founders of contracts-for-difference trading platform Plus500 have sold 15. 5m shares in the company at 650p each, raising proceeds of £100. 75m.
Europe open: Energy shares pace the advance after OPEC deal
European stocks rose in early trade, with energy shares pacing the advance after OPEC ministers agreed a deal to cut production for the first time since 2008.
Allied Minds partners with GE Ventures to commercialise emerging tech
FTSE 250 intellectual property company Allied Minds partnered with General Electric’s venture capital subsidiary to commercialise next generation technologies.