Latest News
Facebook ordered to pay $500m in virtual reality case
Tech giant Facebook has lost its $500m virtual reality legal case over its use of Oculus technology, after a court found that it illegally stole code game developer Zenimax to make its own headset.
UK construction revival runs out of steam but firms remain optimistic
UK construction sector growth slowed more than expected in January, a survey of the industry showed on Thursday, but confidence for the year ahead picked up to its strongest in over a year.
Macquarie downgrades Zoopla as it predicts slump in revenue
Macquarie has downgraded Zoopla Property Group to ‘neutral’ from ‘outperform’ and raised its price target to 375p from 360p.
Plexus wins two-year contract extension from Brunei Shell Petroleum
Oil and gas engineering service provider Plexus Holdings’ existing contract to supply wellhead and mudline equipment to Brunei Shell Petroleum (BSP) has been extended by a further two years.
Sirius completes business park and office building acquisitions
AIM-listed operator of branded business parks, Sirius Real Estate, has completed the acquisition of Krefeld Business Park and an office building in Dreieich for a combined total consideration of €7. 5m.
Eurozone producer prices rise more than expected in December
Eurozone producer prices rose more than expected in December, according to the latest figures released by Eurostat.
Surface Transforms on the up with new contract win
Surface Transforms ticked higher on Thursday after the manufacturer of carbon fibre reinforced ceramic brake discs announced it had won a new contract to supply its product as part of construction of new limited edition car.
HML Holdings buys Kent-based property manager for £317,000
Property manager HML Holdings has bought Goodacre Property Services, a Kent-based property management business for up to £317,000, the first of three acquisitions the company will potentially make in 2017.
Berenberg upgrades Hostelworld on back of fx gains
Berenberg upgraded Hostelworld to ‘hold’ from ‘sell’ and raised the price target from 206p to 210p.
US-Australia refugee agreement under threat after Trump criticises 'dumb deal'
Donald Trump has upset the applecart once again via Twitter, as he questioned the value of an agreement between the US and Australia which would see 1,250 asylum seekers relocated to America.
3i fully invested and on track for 2017
3i's portfolio generated an increased level of income in the third quarter and the private equity group said it remained on track to deliver its target dividend of 7. 55p per share.
Betsson to take over NetPlay TV
Betsson AB and NetPlay TV announced on Thursday that their boards have reached agreement on the terms of a recommended cash offer, under which Betsson will acquire the entire issued and to be issued share capital of NetPlay.
London open: FTSE gains ahead of BoE, Brexit White Paper
London stocks were slightly higher in early trading on Super Thursday, as investors awaited a rate decision from the Bank of England, the Inflation Report and minutes together with the government's White Paper on Brexit.
AstraZeneca sales shrink but future hangs on drug pipeline
AstraZeneca reported a second interim dividend after posting flat core earnings for 2016 after a 13% decline in revenues in the fourth quarter, but the company and investors are holding their breath in hope that 2017 will be "a defining year" for a dozen potential blockbuster drugs to breathe life back into its withered portfolio.
Europe open: Stocks little changed; Deutsche Bank slumps on Q4 earnings
European stocks were little changed in early trade as investors sifted through a raft of corporate earnings, with Deutsche Bank under pressure after its fourth-quarter numbers disappointed.
JRP Group expects margin to exceed 6% due to pricing and risk selection
Financial services firm JRP Group, which was formed by the merger of Just Retirement and Partnership in April last year, reported that its margin for 2016 will exceed 6%.
GVC completes refinancing after particularly strong Q4
Multinational sports betting and gaming group and owner of the 'Foxy Bingo' brand GVC Holdings provided a trading and refinancing update on Thursday, ahead of the publication of its full year results 23 March.
Wizz Air passenger numbers up, adds new routes to Poland, Bulgaria, Lithuania
Wizz Air passenger numbers increased 23. 3% in January, while the budget eastern Europe-focused airline also announced new routes to and from Poland, Bulgaria and Lithuania.
Carillion JV extends Openreach framework agreement
Carillion’s 60:40 joint venture with telecoms group telent, Carillion telent, has signed a three-year extension to its framework agreement with BT’s Openreach to provide a wide range of services.
Aberdeen endures first-quarter outflows as Trump spooks EM investors
Donald Trump's election win derailed a solid start to Aberdeen Asset Management's financial year, leading to £10. 5bn of outflows from its emerging markets-focused funds as investors moved into less volatile assets.