Latest News
Peter Denton to leave Starwood European Real Estate
Starwood European Real Estate Finance announced on Tuesday that its investment adviser, Starwood Capital Europe Advisers, has confirmed that Peter Denton will be leaving the firm at the end of December to join a property related not-for-profit organisation in the New Year as chief financial officer.
LGO energy raises £1.18m to accelerate drilling program at Trinidad wells
AIM-listed oil and gas explorer LGO Energy has raised £1. 18m in equity to accelerate the drilling of its sandstone wells in Trinidad.
Mporium to provide its mobile marketing technology to Jellyfish
Digital advertising technology company Mporium Group has won a contract to provide its Impact product to Jellyfish, a digital marketing agency, after an initial trial.
Asahi to buy some AB InBev beer brands for $7.8bn
Japanese brewer Asahi has agreed to buy Anheuser Busch InBev’s beer businesses in five countries in Central and Eastern Europe for $7. 8bn.
Tesco gains grocery market share as Sainsbury's and Morrisons lose out
Tesco grew its market share in the last three months, according to grocery market data released on Tuesday that also showed its listed supermarket rivals Sainsbury's and Morrisons both saw sales fall.
Europe open: Stocks little changed ahead of Fed; UniCredit in focus
European stocks were little changed in early trade as investors digested news that UniCredit was planning Italy’s biggest ever share issue and as the Federal Reserve kicks off its two-day policy meeting.
Allied Minds teams up with Boston University to develop cardiac tech
US science and technology developer Allied Minds is to form a new subsidiary, Signature Medical, to work with Boston University to develop a wearable device to monitor heart failure.
Old Mutual to float two thirds of asset management business
Old Mutual will float two thirds of its asset management business on the London Stock Exchange for what is expected to be around $1. 1bn and then continue to reduce it holdings, using the proceeds for “general corporate purposes”.
London open: Stocks flat ahead of inflation figures; Fed in focus
Stocks in London were flat in early trade as investors eyed the release of UK inflation data and as the Federal Reserve kicks off its two-day policy meeting.
Anglo's De Beers completes mixed cycle of rough diamond sales
Anglo American's De Beers arm sold $418m of rough diamonds in its tenth sales cycle of 2016, despite a slowdown in the trade in lower-value rough diamonds due to India's demonetisation programme.
Carpetright profit slumps on uneven demand, sterling depreciation
Carpetright posted a 42% slump in pre-tax profit for the 26 weeks ended 29 October as revenue fell amid uneven consumer demand and as the company took a hit from the weakening of the pound versus the euro.
Bellway reservations jump 7%
FTSE 250 housebuilder Bellway reported a 7% jump in reservations in the 18-week period to 4 December and said it expects housing completions for the year to the end of July 2017 to rise by 5%.
Hunting sees 2016 results in line with expectations
FTSE 250 energy services provider Hunting said on Tuesday that results for the full-year 2016 are likely to be in line with expectations, adding that earnings should move into positive territory next year.
KAZ Minerals shores up financing with DBK and ING
KAZ Minerals announced on Tuesday that it has reached agreement on a new $300m credit facility with the Development Bank of Kazakhstan, which is scheduled to be signed on 14 December.
Thompson quits Great Portland board after recent appointments
Great Portland Estates announced on Tuesday that executive director Neil Thompson has stepped down from the board with immediate effect, and will leave the group on 31 December.
Bgeo acquires loan portfolio from ProCredit Bank Georgia
Georgia-focused investment company BGEO Group announced on Tuesday that its banking subsidiary, JSC Bank of Georgia, has agreed to acquire a micro and small business portfolio from JSC ProCredit Bank Georgia for cash.
London pre-open: Stocks seen flat ahead of inflation data; Fed eyed
Stocks in London were set to open little changed on Tuesday ahead of UK inflation data and as the Federal Reserve kicks off its two-day policy meeting.
UBM to buy Allworld Exhibitions in $485m deal
UBM has agreed to buy privately-owned Asian exhibitions company Allworld Exhibitions for a cash consideration that values the business at $485m in a deal that is expected to be immediately enhancing to earnings in 2017.
Balfour Beatty eyes positive cash balance
In a short trading statement short on finer details, infrastructure construction group Balfour Beatty said it expected to finish the year with a positive cash balance as it completes the first phase of chief executive Leo Quinn's two-year turnaround process.