Latest News
Caterpillar CEO to step down at end of 2016
Doug Oberhelman, CEO of US machinery giant Caterpillar, is to step down from his position at the end of 2016, and retire from the company early after 41 years.
Rosengren sees Fed exceeding inflation, unemployment targets by mid-2017
Rate-setters in the US had the luxury of waiting a little before moving on rates so as to get it "just right" but with the central bank set to exceed its goals, the risk existed of waiting too long, a top policymaker said.
Tim Rogers becomes CEO at AB Dynamics
Designer, manufacturer and supplier of advanced testing systems and measurement products, AB Dynamics, announced on Monday that on 17 October Tim Rogers - currently managing director of the company - was appointed chief executive officer.
Director dealings: Nanoco chairman dips toe in again
Nanoco Group chairman Christopher Richards on Monday dipped into the market for the second time in a week as he picked up shares in the supplier of quantum dots for flatscreen televisions and other screen markets.
Clothing retailers' sales decline again, Kantar criticises discounting
UK clothing retailers have seen sales fall for four months in a row, according to a survey published on Monday that criticised the industry's habit of over-buying and deep discounting.
US manufacturing production stops shrinking in September
US industrial output edged higher in September thanks to a small rebound in factory activity and at mines, with manufacturing sector activity no longer shrinking in comparison to a year ago.
Sareum Holdings granted patents in Japan and Singapore
Specialist cancer drug discovery and development company Sareum announced on Monday that the Japan and Singapore Patent Offices have issued notifications that patents will be granted for inventions associated with its Aurora+FLT3 kinase inhibitor programme.
FTSE 100 movers: Pearson slumps on update; StanChart gains on Essar news
London’s FTSE 100 was down 0. 7% to 6,963. 60 in afternoon trade.
Germany tells Tesla to ditch Autopilot brand in advertisements
A German motor authority has told US carmaker Tesla to drop the Autopilot name for its cars which use self-driving technology.
Credit Suisse eyes dividend increase at Drax, ups target
Analysts at Credit Suisse upped their target price on shares of Drax because of higher near-term pricing in energy markets and the possibility that the European Commission might soon hand down a ruling on the state aid offered to the company to help it transform its coal-fired generators at the power station in Derby.
BASF shuts some production facilities after German plant blasts
Chemicals company BASF has shut down some production facilities in Germany after explosions at two of its plants left several people injured and others missing.
StratMin's shares soar as it reaches final hurdle for graphite project
Shares in AIM-listed StratMin Global Resources soared nearly 17% on Monday, as the resource and commodity investment company announced it had received the final regulatory permission needed for its Madagascar graphite project.
Coty agrees to buy GHD for £420m in cash
US cosmetics firm Coty has agreed to buy hairstyle appliance brand GHD – which stands for ‘Good Hair Day’ – for around £420m in cash in a deal that is expected to be immediately accretive to earnings upon closing.
UK needs to sort EU relationship before opening US trade talks - Froman
UK's relationship with the European Union needs to be sorted out before it can open talks with the US about any kind of post-Brexit trade deal, US Trade Representative Michael Froman said.
Tuesday preview: UK inflation expected to rise in September
UK inflation is expected to have picked up in September as a weaker post-Brexit pound makes imports more expensive.
Serabi Gold reaches record Q3 production at Brazil mines
AIM-listed miner Serabi Gold reached record production for the third quarter at its two Brazil mines.
BofA - Merrill tells investors to look at real assets amid War on Inequality
'Get real', strategists at Bank of America-Merrill Lynch told clients.
Attorney General says Article 50 case an attempt to invalidate Brexit vote
UK's Attorney General, Jeremy Wright QC MP, has told a court that a legal challenge relating to Brexit is an attempt to overturn the 23 June referendum's outcome for the country to quit the European Union.
Sterling slump ramps up pressure on Tesco and British Airways debt, Fitch warns
Clothes retailer New Look, grocer Tesco and British Airways could endure major on their balance sheets and credit rating if the pound continues to slump at current levels, according to a major credit agency.
NY Fed manufacturing index falls unexpectedly in October
Manufacturing sector conditions in the jurisdiction of the Federal Reserve bank of New York slipped in October.