Latest News
Mercia Tech sells emerging star Allinea Software for £18m
Investment firm Mercia Technologies has sold its emerging star software business, to ARM, a semiconductor intellectual property company, for £18. 1m, which is 21 times the original investment.
Canaccord Genuity hikes target on Punch Taverns
Analysts at Canaccord Genuity hiked their target price for shares of Punch Taverns following the company's acceptance of the 180p per share cash offer from Vine Acquisitions, the acquisition vehicle for Patron Capital and Heineken.
Theresa May shunned by EU as bloc hardens stance against Britain
European leaders held a meeting in Brussels on Thursday, after the departure of Theresa May, in order to formalise their plans for Brexit negotiations.
US pre-open: Stocks to nudge higher in quiet trade
US stocks pointed to a marginally higher open on Wall Street, with the Dow edging closer to the 20,000 mark in what should be a fairly quiet day's trade.
PayPoint creates new JV with Yodel
PayPoint partnered with Yodel Delivery to create a new joint-venture to use the online payment company’s package delivery brand, Collect+.
Numis reiterates 'buy' on Trinity Mirror after trading update
Numis reiterated a ‘buy’ rating and target price of 210p on Trinity Mirror after the British newspaper publisher reported an “encouraging” trading update on Friday.
EDF Energy to cut gas but raise electricity prices
EDF Energy said on Friday that it will cut its gas prices from January, but electricity prices will rise from March.
Oracle narrowly beats on earnings, falls short on revenue
Tech firm Oracle reported its fiscal second-quarter results on Thursday, with shares dropping 2% after narrowly beating expectations for its earnings per share, but falling short on revenue for the period.
HML Holding raises £2.03m for three acquisitions
Property manager HML Holdings has raised £2. 03m in an equity placing in order to make three acquisitions as part of its growth strategy.
Goldman nudges 2017 Brent oil price forecast higher
Goldman Sachs reshuffled its oil price forecasts following the recent agreements reached by OPEC and non-OPEC producing nations to take 1. 8m barrels a day off the market and forecast slightly higher prices would prevail next year.
Trinity Mirror expects drop in fourth quarter revenue
Trinity Mirror expects group revenue to fall in the fourth quarter, reflecting a slump in print advertising sales.
Nighthawk Energy reaches settlement with Cascade Petroleum
US-focused oil development and production company Nighthawk Energy announced the execution of a settlement agreement regarding the Monarch Joint Development Agreement on Friday.
United Carpets makes marginal progress in first half
Specialist retail carpet and floor covering retail chain United Carpets Group announced its interim results for the six months to 30 September on Friday, with network sales marginally up to £27. 5m from £27. 1m.
CMA clears Severn Trent acquisition of Dee Valley
The Competition and Markets Authority has cleared Severn Trent’s acquisition of Dee Valley Group.
Palace Capital extends lease on Essex property by 10 years
Property investment firm Palace Capital has extended its lease by 10 years on a property in Maldon, Essex with Rockwell Automation.
Obama promises US action against Russia after hacking allegations
Outgoing United States president Barack Obama has warned Russia that action will be taken against the country after intelligence officials accused its government and president Vladimir Putin of interference in last month's election.
Monarch Airlines profit set to drop 35%
Monarch Airlines cautioned on Friday that its profit for the year is likely to be 35% lower due to a particularly tough trading environment.
Sharp improvement in French business confidence in December
Business confidence in France improved sharply in December, led by improved sentiment in industry and services.
Intu Properties completes sale of Intu Bromley
Intu Properties has completed the sale of its interest in the Intu Bromley shopping centre – announced on 25 October – to Alaska Permanent Fund Corp for £177. 9m.
UBS downgrades Micro Focus on near-term risks
UBS downgraded Micro Focus International to ‘neutral’ from ‘buy’ and cut the price target to 2,350p from 2,420p citing near-term risks.