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Results round-up
As well as reporting a slide into losses in the first half and cutting its dividend, facilities management group Mitie said the second half should see an improvement but the full year turnout will still fall short of expectations.
Boral to acquire Headwaters in all-cash deal
Boral Ltd. agreed to purchase US building products manufacturer Headwaters Inc in all cash deal valued at $1. 86bn in order to take advantage of an expected increase on infrastructure spending in the States following the surprise electoral victory by Donald Trump.
Chamberlin remains positive despite closure of Leicester factory
Engineer Chamberlin said the trading outlook remains positive despite a closure of a factory, as it has invested in new machinery, there is growth in the ironmongery and lighting businesses, and it expects to benefit from the weak pound.
Sir Stelios' easyCoffee to undercut Caffe Nero, Costa and Starbucks
EasyJet founder Sir Stelios Haji-Ioannou has launched a new venture, easyCoffee, that will add further discount competition to the coffee shops current dominating the UK high street such as Starbucks and Costa Coffee.
Broker tips: European recruiters, Mitie, WS Atkins
HSBC upgraded staffing groups Page, Hays and SThree to 'buy' ratings as the sector is seen as a key beneficiary of impending inflation.
Asia close: Chinese shares hit 10-month high
Asia´s main stockmarket benchmarks were higher at the start of the week, but trading across the region as a whole ended on a mixed note, with several of the main bourses sporting losses by the closing bell.
Costain wins £113m National Grid contract
Construction and engineering group Costain has been awarded a contract worth £113m by National Grid to upgrade its Peterborough and Huntingdon compressor stations as part of the company’s Emissions Reduction Project.
Intelligent Energy books wider FY after-tax loss
Energy technology group Intelligent Energy has recorded a full-year after-tax loss of £82. 7m, from a year-earlier loss of £42. 8m.
China Africa Resources to raise £1m and become cash shell
China Africa Resources has proposed returning its sole investment to shareholders via a special dividend as new investors plan to transform the business into a cash shell focused on 'energy metal and minerals' with a discounted £1m fundraising.
Macom Technology to buy Applied Micro Circuits for $770m
Macom Technology Solutions has agreed to buy connectivity and computing solutions company Applied Micro Circuits Corp in a deal valued at around $770m.
Fillon wins French centre-right primary, Sarkozy down and out
Former French president Nicolas Sarkozy has pulled out of the 2017 race and endorsed his former prime minister, François Fillon, after losing the first round of primaries for the centre-right party.
London Stock Exchange strengthens information arm with Mergent deal
London Stock Exchange has acquired US-based Mergent Inc for an undisclosed fee to strengthen its fast-growing information services division and support creation of more passive investment products.
Journey Group to de-list on AIM on 15 December
Journey Group, a provider of in-flight products and catering services to airliners, has confirmed it is to de-list from AIM on 15 December.
Thalassa improves forecasts for WPG Group's FY pre-tax profit, revenue
Thalassa anticipates wholly owned subsidiary WGP Group (WGPG) will book full-year results that beat the expectations for revenue and pre-tax announced stated back in September.
Apple will replace iPhone 6S batteries after fault detected
Smartphone maker Apple will provide free replacement batteries for iPhone 6S users who have experienced a fault, after a Chinese consumer agency flagged the issue.
African Potash staggers to new low after nomad Cantor resigns
Broker Cantor Fitzgerald has warned African Potash that it will resign as the AIM-listed company's nominated adviser from 7 December 2016, sending the fertiliser developer's shares to a mind-boggling new low.
Palace Capital hikes dividend as H1 pre-tax profit falls
Property investment company Palace Capital has hiked its first-half dividend by almost a third as it posted a much-reduced pre-tax profit for the period.
London midday: Shares hold onto small gains
Stocks were seeing slight gains on Monday as traders poured over the Prime Minister´s new industrial strategy while analysts reacted to the panoply of political news out over the weekend.
Europe midday: Stocks gain as oil and metal prices rise
European stocks advanced as oil and metal prices rallied, while the euro rose against the dollar as political instability receded somewhat.
Citi and JPMorgan overtake HSBC to top list of globally important banks
The Financial Stability Board has updated its annual rankings of the most globally systemic banks in the world, with Citi rising to the top of the pile alongside JPMorgan Chase.