Latest News
Canaccord cuts Safestay to 'hold' from 'buy'
Canaccord Genuity has cut its rating on Safestay to ‘hold’ from ‘buy’ and lowered the target price to 42p from 65p after the budget accommodation provider said 2016 was a “difficult year”.
Asia report: Markets turn red as investors rush to gold
Markets in Asia mostly finished in the red on Tuesday, as investors turned to safe havens while sentiment weakened.
Shawbrook appoints Dylan Minto as CFO
Challenger bank Shawbrook Group has appointed Dylan Minto as chief financial officer and executive director with effect from 6 February.
Lloyds to review compensation for HBOS fraud victims
Lloyds Banking Group has appointed consultants to assess whether the bank should pay out compensation to business customers affected by the fraud carried out by former executives of its HBOS arm.
Be Heard Group to buy data analytics firm for £1.7m
Marketing firm Be Heard Group is to buy a 75% stake in marketing analytics Freemavens for around £1. 7m in a bid to crack the big data and analytics industry.
New Look Q3 profit hit by 'extremely challenging' UK market
Fashion retailer New Look posted a 37. 6% drop in third-quarter profit on the back of “extremely challenging” conditions in the UK market.
Deutsche Bank upgrades Cairn Energy to 'buy'
Deutsche Bank has upgraded Cairn Energy to ‘buy’ from ‘hold’ and nudged the price target up to 275p from 270p following a review of the company’s development portfolio and on its potential to outperform market expectations.
TP Group to buy ALS Technologies, Flexible Software Solutions for £2.75m
Engineering firm TP Group is to buy ALS Technologies and Flexible Software Solutions (FSS) for a combined £2. 75m in order to enhance its presence in the defence, commercial and aerospace sectors.
Speedy Hire set to finish year ahead of expectations
Tools, equipment and plant hire services company Speedy Hire issued an update on its trading performance for the year ending 31 March on Tuesday.
Fox Marble signs sale and purchase agreement with Mahadev Marmo
Kosovo and Balkans-focused marble quarrying and finishing company Fox Marble announced on Tuesday that is has entered into a $1. 8m per annum sale and purchase agreement with Mahadev Marmo, India's second largest green marble export house, following the delivery and completion of a block marble sample order, which was shipped in December.
Speaker Bercow speaks out against Trump address with backing of MPs
US President Donald Trump should not be allowed to address the British Parliament, according to House of Commons Speaker John Bercow.
Ofgem announces energy prepay cap
Energy regulator Ofgem has announced a prepayment cap that is expected to save customers around £80 a year.
Berendsen boosted by RBC upgrade
Commercial laundry group Berendsen got a boost as RBC Capital Markets upgraded the stock to ‘outperform’ from ‘sector perform’ and lifted the price target to 950p from 900p.
LSE submits merger plans as Deutsche Boerse rejects insider claims
As London Stock Exchange and Deutsche Börse submitted their revised merger plans to European competition regulators, the German exchange dismissed claims of insider trading hanging over its chief executive.
Europe open: Stocks waver as investors digest BP, BNP Paribas earnings
European stocks wavered in early trade following disappointing earnings from oil giant BP and France’s BNP Paribas, amid rising political uncertainty.
UDG Healthcare starts 2017 strong but affected by weak sterling
UDG Healthcare made a good start to 2017 with operating profits for the first quarter well ahead of last year, driven by continued growth and the impact of acquisitions, although profit growth was moderated by a favourable foreign exchange rate.
Allied Minds raises $2.75m in equity to finance satellite development
Allied Minds, a life science venture capital firm, reported that its subsidiary HawkEye, which develops radio frequency mapping systems, has completed the second closing of series A financing and has issued an additional $2. 75m of equity.
London open: Stocks nudge up but BP gushes lower after Q4
London stocks nudged a touch higher in early trade following uninspiring leads from the US and Asia, as investors sifted through some corporate news.
FirstGroup revenue ahead despite bus struggles
UK and North America passenger transport operator FirstGroup posted an update on its trading for its third quarter to the end of December 2016.
Playtech buys UK-focused gambling software specialist
Gambling software company Playtech has bought Australian supplier of online gaming slots software Eyecon for £50m, as part of its acquisition strategy to extend its reach in the gaming market.