Latest News
Australian GDP spikes lower in Q3 2016
Australia´s economy registered a rapid and rare contraction in the third quarter as construction and investment spending fell sharply, although gross domestic product was seen bouncing back during the final stretch of the year.
Softbank to invest $50bn and create 50,000 US jobs
Japanese telecoms giant Softbank has announced it will be investing $50bn into the United States and creating 50,000 jobs there, after its CEO Masayoshi Son met with president-elect Donald Trump.
Samsung successful in Supreme Court challenge to Apple patent decision
South Korean smartphone maker Samsung has won a US Supreme Court case which overturns a lower court's decision to make it pay as much as $399m to rival Apple.
Imagination Technologies boosted by Numis upgrade
Imagination Technologies Group gained as Numis raised its rating on the stock to ‘buy’ from ‘add’ and lifted the target price to 310p from 280p following better-than-expected results.
Pfizer fined a record £84m for anti-epilepsy drug price hike
Pharmaceuticals Pfizer and Flynn have been fined for a collected £90m for hiking the price of an anti-epilepsy drug to the NHS.
RBC Capital downgrades CMC Markets on FCA crackdown, slashes IG target
RBC Capital Markets downgraded its stance on CMC Markets to ‘sector perform’ from ‘outperform’ and cut the price target to 170p from 315p after the Financial Conduct Authority announced plans on Tuesday to tighten the rules around contract for difference products.
UK house prices growth slows and may slow further, Halifax says
UK house price growth slowed month on month but over the last three months returned to annual growth after a period of softening post the Brexit vote, according to a survey by Halifax.
JP Morgan upgrades estimates on UK housebuilders
JP Morgan Cazenove has upgraded its estimates on UK housebuilders for 2017, saying it sees no signs of a material slowdown.
German industrial production rises less than expected in October
German industrial production rose less than expected in October, according to figures released by Destatis on Wednesday.
China steps up FX interventions in November to brake Yuan weakness
The strength of the US dollar forced Chinese authorities to step-up the pace of their interventions on the foreign exchange markets in order to keep the yuan from strengthening too quickly.
Circle Property maintains dividend as values rise
Specialist regional UK property investment, development and management company Circle Property announced its results for the six months to 30 September on Wednesday.
Spire Healthcare clarifies CEO succession plans
Spire Healthcare said it plans to promote chief operating officer Andrew White to chief executive but that he first needs to take time off to undergo medical treatment.
Europe open: Stocks gain as investors bet on Monte dei Paschi rescue
European stocks advanced in early trade, with banks in the black amid reports of a possible rescue for Italy’s Monte dei Paschi di Siena.
London open: Stocks push higher amid Monte dei Paschi rescue hopes
Stocks in London rose in early trade as reports of a possible rescue package for Italian lender Monte dei Paschi helped to underpin sentiment.
Sage confirms plans to sell North America payments business
Accounting software company Sage confirmed it was considering selling its North American payments business, after it had reported flat revenue growth in the year.
Stagecoach focuses on future as UK bus backdrop worsens
Train and bus operator Stagecoach has lifted its interim dividend and tried to put the emphasis on the future to keep investors chipper as current profits and earnings fall in the face of what it said was a continuing "challenging and uncertain" political and economic environment.
Carillion looking at increased profit as it wins new project
Carillion provided an update on trading in 2016 on Wednesday, ahead of announcing its preliminary results on 1 March.
Air New Zealand signs up for Inmarsat's GX Aviation
Inmarsat has signed a contract with Air New Zealand to provide Global Xpress connectivity across the airline’s long-haul and short-haul fleets.
Wednesday newspaper round-up: Flash crash, insurance, immigration, StanChart
The UK investigation into October’s “flash crash” in sterling has focused heavily on the Japanese trading operations of Citigroup, which fired off repeated sell orders that exacerbated the pound’s fall, according to bankers and officials involved in the inquiry. Citi’s traders are not believed to have started the slide in the currency in thin Asia trading but its Tokyo desk played a key role in sending the pound to its lowest levels in 31 years, bankers and officials said.