Latest News
Alibaba CEO Ma warns of 'war' if free trade stops
Jack Ma, the chief executive of huge Chinese online retailer Alibaba, has warned that the end of free trade would bring about a global conflict, and spoken about the benefits that globalisation has for world economies.
CyanConnode receives order for 100,000 software licences from Swedish system integrator
AIM-listed clean technology firm CyanConnode has received an order for 100,000 software licenses from HM Power Metering, a Swedish-based systems integrator, to implement smart grid and internet of things systems.
Ithaca Energy agrees Delek takeover
AIM-listed Ithaca Energy has entered into a definitive support agreement with Israel’s Delek Group on the terms of a cash takeover bid for all the shares of Ithaca it does not already own.
Credit Suisse sees potential for copper to outperform, likes Glencore
Credit Suisse projected slowing copper supply growth over the medium-term following the latest quarterly production updates and guidance from the miners under its coverage, leading its analysts to single out Quantum Minerals, Lundin, Boliden and Glencore as its preferred names.
Beazley agrees to buy Canadian insurer Creechurch Underwriters
Insurer Beazley said on Monday that it is expanding its presence in Canada with the acquisition of the specialist managing general agent, Creechurch Underwriters.
Euro is too low for Germany´s economy, Schaeuble says
Germany´s finance minister cautioned the European Central Bank that its expansionary policies would drive an excessive depreciation of the single currency for Germany´s needs, bolstering its trade surplus, before it embarked on its looser monetary policy.
China service activity growth slows in January, Caixin reveals
Chinese service activity continued to grow in January but the pace of expansion eased from the previous month, according to a survey on Monday.
Trump: Travel ban judge responsible for future terrorist attacks
Donald Trump launched a scathing attack on the judge who blocked his executive order to ban the entry of immigrants from seven predominantly Muslim countries into the US, saying that the responsibility for a potential act of terrorism in the country would rest on his shoulders.
Randgold Resources to hike dividend after record gold production
FTSE 100 miner Randgold Resources is to hike its dividend by 52% after an increase in profit and a surge in gold production for the sixth successive year in 2016.
German factory orders rise more than expected in December
New manufacturing orders in Germany rose a lot more than expected in December, according to the latest figures from Destatis.
Proxama signs 5 yr deal with South African fin services provider
AIM-listed card payments company Proxama said a “leading” unnamed South African insurance and financial services provider, has signed a five year contract with for the supply of in-house Europay, Mastercard and Visa (EMV) card issuing, PIN management and card lifecycle management.
Glenwick to buy Cora Gold as it pivots to mining sector
AIM-listed investment firm Glenwick is to buy explorer Cora Gold for shares equivalent to about 91% of its enlarged share capital, as the company pivots towards the mining sector.
London open: FX markets, metals prices in the spotlight
London stocks were little changed at the start of trading on Monday, with foreign exchange markets and weakness in metals prices in focus following remarks from top economic policymakers on both sides of the Atlantic over the weekend and the release of data showing a dip in Chinese services sector activity at the start of 2017.
Europe open: Stocks edge lower; Volkswagen skids but Randgold shines
European stocks nudged lower in early trade as investors sifted through corporate earnings, with autos in focus amid news that Volkswagen was being sued by a German customer over its diesel-test cheating.
Bagir Group to buy remaining 50% stake in Ethiopian manufacturing site for £1.9m
Fashion manufacturer Bagir Group is to buy the remaining 50% stake in Nazareth Garments, the joint venture owner of its manufacturing site in Ethiopia, for $1. 9m in order to consolidate its presence in the country which it believes has strategic advantages due to its duty-free export status.
Mondi buys UK food packager Excelsior for £33m
Packaging and paper firm Mondi on Monday said it had bought Excelsior Technologies Limited from funds managed by Endless LLP and certain other minority shareholders, for £33m (€38m), on a debt and cash-free basis.
boohoo.com to buy Nasty Gal intellectual property, database for $20m
Online fashion retailer boohoo. com expects to buy the intellectual property assets and customer databases of US clothing retailer Nasty Gal for $20m, subject to approval by a US bankruptcy court.
HomeServe appoints David Bower as CFO
Emergency repairs business HomeServe has appointed David Bower as chief financial Officer with immediate effect and he will also join the board and executive committee.
Interserve wins £65m contract with Network Rail
Support services and construction group Interserve has won a new five-year facilities management contract with Network Rail worth £65m.
London pre-open: Stocks seen muted, with currencies in focus
London stocks were set for a muted open on Monday, with currencies in focus after German finance minister Wolfgang Schaeuble took aim at the European Central Bank over the weekend for its loose monetary policy, saying the currency is too low for Germany and responsible for the country’s trade surplus.