Latest News
Bank of England confirms two-layered bank stress tests for 2017
The Bank of England will subject Barclays, HSBC, Lloyds, Nationwide, Royal Bank of Scotland, Santander and Standard Chartered to a two-part stress test in 2017.
Versarien buys AAC Cyrome to make world's first graphene plastic factory
AIM-listed materials company Versarien bought AAC Cyroma, a specialist plastic manufacturer, for about £1. 4m to make the first dedicated graphene plastic manufacturing factory in the world.
RBC Capital Markets downgrades Centrica to 'sector perform'
Centrica’s shares fell on Monday as RBC Capital Markets downgraded the stock to ‘sector perform’ from ‘outperform’ and cut the target price to 240p from 250p.
Numis full-year revenue up 14%
In a trading update for the year ended 30 September, Numis said revenue from its core activities was up 14% from the previous year, hitting record levels and comfortably above £100m for the first time in the group's history.
Victoria buys Ezi Floor for £6.5m
Shares in AIM-listed floor covering manufacturer Victoria soared as it announced it had bought Bradford-based manufacturer Ezi Floor for £6. 5m in order to increase its presence in the underlay sector.
UK manufacturing PMI hits highest level since June 2014
Activity in the UK manufacturing sector unexpectedly improved in September, hitting its highest level since June 2014, according to data released on Monday.
Aurum Mining appoints Michael Stevens CEO
AIM-listed Spanish gold and tungsten explorer Aurum Mining appointed Michael Joseph Stevens chief executive on Monday.
Large Japanese manufacturers´ confidence unchanged in September, BoJ Tankan shows
Large Japanese manufacturers kept the faith in September, according to the results of a widely-followed survey carried out by the country´s central bank.
Assura appoints interim CEO after solid first half
Healthcare property investor Assura has appointed finance director Jonathan Murphy as interim chief executive after a half-year in which it acquired more than 40 medical centres and strengthened its balance sheet.
HSBC initiates Merlin Entertainments at 'buy'
HSBC initiated Merlin Entertainments at ‘buy’ and a target price of 530p on Monday, saying the theme park owner remains “high growth, well-diversified and scalable”.
Markit's eurozone September manufacturing PMI in line
Markit’s final eurozone manufacturing purchasing managers’ index came in at 52. 6 in September, in line with the flash estimate and up from 51. 7 the month before.
Convatec to pursue London listing
Convatec announced plans to raise gross primary proceeds of $1. 8bn by means of an initial public offer on the London market.
SVG Capital confirms talks with Goldman, Canadian Pension Plan
SVG Capital said on Monday that it is in talks with a consortium including Goldman Sachs and the Canadian Pension Plan Investment Board, as it responded to recent media speculation.
Britain to begin EU exit talks no later than March 2017, Prime Minister says
The UK will start formal negotiations to leave the European Union no later than the first quarter of 2017, the Prime Minister said.
Europe open: Stocks mixed as Deutsche Bank remains in focus
European stocks were mixed in early trade, with Brexit in focus after UK Prime Minister Theresa May vowed to trigger Article 50 by March, as investors continued to eye the banking sector.
Henderson and Janus Capital agree $6bn merger, cancelling LSE listing
Henderson Group has agreed a $6bn "merger of equals" with New York-listed fund management peer Janus Capital, with a proposal to cancel the FTSE 250 company's London listing.
Intertek buys EWA Canada for foothold in internet-of-things
Quality assurance provider Intertek has snapped up cyber security specialist EWA Canada from Electronic Warfare Associates for an undisclosed sum, in order to take hold of an opportunity in the 'internet of things' market.
International Public Partnerships invests in US military housing
International Public Partnerships, the FTSE 250 infrastructure fund managed by Amber Infrastructure, has invested $32m (£25m) in the US military housing sector, which offers a secure revenue stream and no residual value exposure.
LondonMetric disposes of two UK retail parks for £55m
LondonMetric has sold Pierpoint Retail Park in Kings Lynn for £24m and Damolly Retail Park in Newry, Northern Ireland, for £30. 7m.
Weir Group names new finance chief
Weir Group chose one of its own to be its new finance chief.