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Hermes Pacific narrows loss as it seeks investing policy change
Hermes Pacific Investments posted its half year report for the six months to 30 September on Monday - another period in which it made nil revenue.
Apple and Ireland formally launch appeal over $13bn EU tax ruling
US tech giant Apple has joined together with the Irish government in a formal appeal against a European Commission ruling that ordered the company to repay the state $13bn in back taxes.
Shell sells Japanese stake and Australian aviation fuel unit
Royal Dutch Shell has completed the $1. 4bn sale of a stake in Japan-based Showa Shell Sekiyu and agreed to offload its Australian aviation fuel business.
GVC Holdings offloads payments processing unit to pare debts
GVC Holdings has agreed to offload its Kalixa payments processing business for €29m cash that could rise to €35. 5m.
Carnival drops on Berenberg downgrade
Carnival fell on Monday as Berenberg downgraded the stock to ‘hold’ from ‘buy’ and cut the price target to 4,000p from 4,200p.
Speedy Hire buys Lloyds British Testing
Tools, equipment and plant hire services company Speedy Hire has bought specialist lifting equipment business Lloyds British Testing from administrator PwC for undisclosed sum.
US close: Stocks edge lower even as dollar stabilises
Wall Street finished lower on Friday even as the dollar and government bond yields stabilised following gains in the wake of a more hawkish-than-expected Federal Reserve over the week, while oil prices advanced.
Europe open: Stocks edge lower; Danone drops on sales growth warning
European stocks edged lower in early trade as volumes began to taper off in the run-up to Christmas, with Danone under the cosh after a warning over its 2016 sales growth.
Scisys to build operations centre for Franco-German satellite mission
AIM-listed software company Scisys has won a €3. 3m contract with aircraft maker Airbus to build the payload operations centre for a Franco-German satellite climate mission.
London open: Stocks drift lower in quiet trade
Stocks in London drifted lower at the start of what is likely to be a very quiet week in the run-up to Christmas.
Brewin Dolphin to buy asset management business for £28m
Investment manager Brewin Dolphin has agreed to buy Duncan Lawrie Asset Management for £25. 5m along with a payment of £2. 5m.
UK firms plan to increase hiring in 2017, CBI finds
Two out of five UK companies will recruit more staff in 2017 in spite of concerns about Brexit, according to a survey from the CBI published on Monday.
WANdisco wins 'major' new customer through IBM partnership
AIM-listed cloud software provider WANdisco has secured a significant contract win with “a major automotive multinational” valued at about $1m in royalties.
Tritax secures additional £50m debt facility
Tritax Big Box has agreed a £50m term loan in addition to the secured £500m debt facility agreed with a syndicate of lenders back in October last year, taking its aggregate facility to £550m.
IP Group launches Microbiotica venture
Intellectual property-based business developer IP Group announced the creation of Microbiotica on Monday, which it described as a newly formed spin-out company from the Wellcome Trust Sanger Institute established to commercialise the institute's research into the role of the human microbiome in disease.
Caledonia Investments agrees sale of Park Holidays
Caledonia Investments has agreed the terms of the sale of holiday park operator Park Holidays UK to special purpose vehicle Tiger Bidco for a headline enterprise value of £362m.
Electra Private Equity bags £405m from caravan sites sale
Electra Private Equity is due to receive roughly £405m proceeds from the £1. 35bn sale of Parkdean Resorts to Canadian investors Onex Corporation.
London pre-open: Stocks seen slightly higher amid firmer oil prices
Stocks in London were set to open a little higher on Monday amid firmer oil prices, at the start of what is expected to be a fairly quiet week in the run-up to Christmas.
Monday newspaper round-up: Hiring optimism, coal collapse, Apple fight
Two out of five British companies plan to recruit more staff next year, despite the uncertainty created by the vote to leave the European Union. The “renewed optimism” among businesses is a marked change from March, when the CBI, the UK’s biggest business lobby group, said that the economy could lose 950,000 jobs by 2020 as a result of Brexit. - The Times.