Latest News
IP Group completes takeover of Parkwalk Advisors
Intellectual property-based business developer IP Group announced on Wednesday the completion of its acquisition of Parkwalk Advisors, which was first announced on 16 December, following receipt of approval of a change of controller application from the Financial Conduct Authority.
Hochschild suspends operations at Inmaculada after fatal accident
Hochschild Mining has suspended operations at its Inmaculada mine in southern Peru following a fatal accident involving two contractors on Tuesday.
BT builds up Openreach board to reestablish 'trust and credibility'
BT announced on Wednesday that Openreach had appointed Sir Brendan Barber and Edward Astle as independent members of its newly formed board, created as part of an Ofcom-guided strategy to improve autonomy and independence at the telecoms infrastructure firm.
Smiths Group extends pension de-risking with £130m buy-in
FTSE 100 engineer Smiths Group said on Wednesday that the trustee of the TI Group pension scheme has entered into a bulk annuity buy-in agreement with specialist insurer of defined benefit pension funds Pension Insurance Corporation.
London pre-open: Stocks seen higher as investors eye Fed, manufacturing data
London stocks were set for a firmer open on Wednesday, shrugging off a downbeat session in the US as investors awaited the latest rate announcement from the Federal Reserve and some key manufacturing data.
Wednesday newspaper round-up: living standards, UK growth, Co-op Bank
Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister. The Resolution Foundation said Theresa May would need to make good on her pledge to support “just about managing” households as it released a report showing that rising inflation and an end to recent strong jobs growth would hit the least well-off hardest.
Mondi promotes Europe chief as CEO Hathorn steps down
Mondi chief executive David Hathorn will retire from the paper and packaging company in July, with longtime fellow board member Peter Oswald promoted to replace him.