Latest News
Invesco Asia Trust posts solid half-year
Invesco Asia Trust released its half-yearly financial report for the six months to 31 October on Wednesday, reporting a net asset value total return of 33. 6%.
Idox to buy Malta-listed 6PM Holdings
Idox, a supplier of information management solutions, has made an offer to buy Malta-listed 6PM Holdings, an IT health solutions company, for £18. 46m partly in cash and shares.
Bulk commodities to suffer in early 2017, warns JP Morgan
Taking a more cautious view of the metals and mining sector into early 2017, JP Morgan Cazenove said it felt bulk commodities such as coal and iron ore would suffer, while precious metals offered scope for recovery.
Goldman Sachs to reveal Cohn replacements
US investment bank Goldman Sachs is set to name executives David Solomon and Harvey Schwartz as replacements for outgoing president Gary Cohn, who has been picked as Donald Trump's head of the National Economic Council.
Wizz Air CFO Sonia Jerez Burdeus resigns
Central and Eastern Europe-focused budget airline Wizz Air said chief financial officer Sonia Jerez Burdeus has resigned to relocate back to Spain.
TP Group lifts expectations ahead of results
Specialist services and engineering company TP Group posted a trading update on Wednesday, confirming that the business performance in FY16, in terms of EBITDA, is likely to significantly exceed current market expectations.
Wood Group to increase full year dividend by double digits
While the oil and gas market remained “challenging” during 2016, Wood Group expects its performance for the fiscal year to be in line with expectations and intends to increase the dividend by a double digit percentage.
Barclays slumps as Exane downgrades rating to 'neutral'
Barclays shares were under pressure on Wednesday as Exane downgraded the stock to ‘neutral’ from ‘outperform’ but raised the target price to 245p from 228p.
Lavendon directors recommends Loxam offer over TVH
Lavendon has agreed to be taken over by equipment rental group Loxam at a price of 220p in cash, valuing the aerial work platforms specialist at rouhgly £374m.
Jefferies downgrades Capita until visibility improves
Jefferies downgraded outsourcer Capita to ‘hold’ from ‘buy’ and slashed the price target to 465p from 815p until visibility improves.
Old Mutual Asset Management prices at $14.24 per share
After announcing that it is to float two thirds of the asset management business on Tuesday, Old Mutual confirmed it will sell the initial 13m shares at $14. 24 in a public offering expected to close on 19 December.
NMC Health to buy Al Zahra Hospital for $560m
UAE-based healthcare provider NMC Health announced the proposed acquisition of Al Zahra Hospital in the Sharjah from Gulf Medical Projects for around $560m.
Europe open: Equities drift lower as investors eye Fed announcement
European equities drifted a little lower in early trade as investors looked ahead to the latest policy announcement from the Federal Reserve.
London open: Stocks edge lower ahead of Fed, UK jobs figures
Stocks in London nudged lower in early trade as investors erred on the side of caution ahead of the latest policy announcement from the Federal Reserve and some key UK jobs data.
Mergers and acquisitions help boost Micro Focus earnings
Software product group Micro Focus International announced its unaudited interim results for the six months to 31 October on Wednesday, with revenues of $684. 7m, 14. 2% higher than the prior year's constant currency figures.
LondonMetric lets Warrington distribution warehouse
LondonMetric Property has conditionally exchanged contracts to let its distribution warehouse at Omega South, Warrington.
Micro Focus boosts first-half revenue, Old Mutual to float most of asset management business
London open.
London pre-open: Stocks seen little changed ahead of Fed, UK jobs data
Stocks in London were set to open little changed on Wednesday as investors eyed the latest policy announcement from the Federal Reserve and ahead of some key UK jobs data.
Wednesday newspaper round-up: HSBC, Brexit, Southern Rail, BP
HSBC has revealed that it is shutting more than four branches a week and that at least 57 more will be axed in the first few weeks of 2017. High-street banks have closed more than 1,000 branches in the UK during the past two years, according to consumer body Which?. It has called on banks to consult with communities before implementing closures to ensure that the needs of their customers are being met. The organisation said its research had found that 1,046 bank branches were shut, or due to shut, between January 2015 and January 2017.
US close: Dow closes above 19,900 for first time
The Dow Jones index flirted with the 20,000 milestone on Tuesday but ultimately had to make-do with second best of a seventh straight record finish as traders prepared for an almost certain interest rate hike from the Federal Reserve the following day.