Latest News
Federal regulator slaps further restraints on Wells Fargo
US bank Wells Fargo has been imposed with tighter regulations by a federal body in the country after admitting to fraudulently setting up accounts and credit cards in their customers' names.
UBS cautious on European banks
The recent "remarkable" rise in long-end interest rates and swap rates constituted a remarkable improvement in banks´ operating environment, but the political and economic landscape continued to be uncertain, UBS said.
HSBC upgrades recruiters on likely inflation boost
HSBC upgraded staffing groups Page, Hays and SThree to 'buy' ratings as the sector is seen as a key beneficiary of impending inflation.
WS Atkins slumps on Liberum downgrade
WS Atkins was under the cosh on Monday as Liberum downgraded the stock to ‘hold’ from ‘buy’ and cut the price target to 1,600p from 1,720p after the company’s first-half results last week.
Craven House Capital raises $3m in share placing
Craven House Capital has raised $3m in cash through a placing of 240,000 new ordinary shares at $12. 50 each to help further execute the company’s investment policy.
Facebook to create 500 new jobs with opening of London HQ
US tech giant Facebook has pledged to create over 500 jobs with the opening of its new London headquarters next year, in a sign that global companies are still not shying away from Britain in the aftermath of Brexit.
Capita secures £197m contract with Germany's mobilcom-debitel
Outsourcing group Capita has been selected as a strategic partner to deliver customer services for German telecoms company mobilcom-debitel in a seven-year contract expected to be valued at €230m (£197m).
Crude oil futures jump as producers signal willingness to negotiate
Remarks by top officials from several major oil producing countries in favour of an agreement to freeze production in order to help prop up prices stoked gains in crude futures.
Mitie delivers another profit warning, exits care business
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.
Premaitha Health expands pre-natal test in Thailand
Premaitha Health has agreed to offer its IONA non-invasive pre-natal screening test to a medical centre in Bangkok.
BT/EE won't be able to bid in mobile spectrum auction, says Ofcom
Ofcom will auction 190 MHz of spectrum in the 2. 3 GHz and 3. 4 GHz bands next year – an increase of just under a third of the total mobile spectrum currently available – but BT/EE will not be able to bid as it already owns 45% of immediately–usable UK mobile spectrum.
Acquisitions, forex boost Diploma FY profits
Technical products supplier Diploma said full year pre-tax profits rose 4% to £54m on the back of a rise in revenue to £382. 6m from £333. 8m as acquisitions and currency movements provided a strong tailwind.
Europe open: Stocks little changed but miners, energy issues gain
European stocks wavered in a tight range in early trade, although gains in the oil and gas and basic resources sectors lent some support.
London open: FTSE edges higher as commodities bounce back
Stocks were seeing slight gains in early trading on Monday as traders digested a panoply of political news out over the weekend amid a bounce in many key commodities as the US dollar took a step back.
Blue chip utility group offers to fund Plutus Powergen projects
AIM-listed power company Plutus Powergen has received an offer by one of the ‘big six’ utility groups to fund up to 20% of any 20MW renewable fuel or gas powered flexible energy projects going forward.
Earthport expands cross-border payments in India
Axis Bank has become the first Indian bank to use Earthport’s, cross-border payments service, following approval from the country’s central bank.
Essentra warns on profits after China softness and slow synergies
Essentra has cut its sales and profit guidance for the year due to delays in delivering projects, a “soft” Chinese market and the slow integration of an acquisition.
Bonmarche H1 revenue and profit down on weather, BHS
Clothing retailer Bonmarche reported a drop in revenue and profit for the 26 weeks to 24 September, attributing the decline in part to the weather and the fact that competitor BHS went into administration.
BGEO appoints new utilities unit chief, bank restructure
BGEO Group said it had appointed a new chief executive to its utilities unit as it prepares for an IPO, while also unveiling a restructuring at Bank of Georgia.
Chemring on track to meet FY expectations
Defence company Chemring said on Monday that it expects results for the year to the end of October to be in line with market views, with a slight upside from foreign exchange gains.