Latest News
Nostra Terra shelves placing plans
Responding to rumours on social media, USA- and Egypt-focused oil minnow Nostra Terra confirmed that it would not be raising new funds in the immediate future, though it had contemplated a fundraising.
FTSE 250 movers: Tullow gushes higher on upgrade; Bovis slumps as FY disappoints
London’s FTSE 250 was up 0. 2% to 18,744. 61 in afternoon trade as the House of Lords debate on the Article 50 bill got underway.
Tuesday preview: HSBC begins bank reporting season
London's big banks begin reporting results on Tuesday, while macro attention turns to UK public sector borrowing and European manufacturing and services data.
Lloyd's of London appoints Bruce Carnegie-Brown as chairman
Lloyd's of London has appointed Moneysupermarket and Santander’s Bruce Carnegie-Brown as chairman, subject to approval from the Prudential Regulation Authority and the Financial Conduct Authority.
Fishing Republic expects a 40% rise in revenue
Shares in Fishing Republic climbed on Monday as it said that 2016 results are anticipated to be inline with expectations with a rise in revenue as the fishing tackle retailer moves away from sales from third party platforms to its own website.
Sterling rises as House of Lords' Brexit Bill discussion nears
Sterling has enjoyed a modest uptick on numerous key crosses Monday as the clock ticks closer to the UK House of Lords beginning to discuss Prime Minister Theresa May's Brexit Bill from 3pm.
Mike Pence vows support for EU despite previous Trump criticism
US Vice President Mike Pence has promised that the new administration will continue to cooperate with the European Union, despite Donald Trump's previous support for Brexit and branding its institutions as a "vehicle for Germany".
Edenville Energy raises £2m to develop Tanzania coal project
Edenville Energy, which is developing a coal-to-power project in Tanzania, has raised £2m to advance its progress to full coal mining operations.
House of Lords set to debate Article 50 bill
The House of Lords will start debating the Article 50 bill on Monday with amendments tabled to guarantee the rights of EU citizens in the UK, for greater scrutiny on the process and for a "meaningful vote" at the end of Brexit negotiations.
Direct Line says higher injury payouts won't hurt as much as it thought
Shares in Direct Line got a boost as the insurer said a change in the way lump-sum payouts are calculated will have less of an impact on the business than it previously thought.
FTSE 100 movers: RBS gains but Unilever tanks as Kraft ditches takeover plans
London’s FTSE 100 was down 0. 1% to 7,293. 13 in afternoon trade, with volumes lighter than usual as US markets are closed for Presidents Day.
Citi sees copper futures peaking above $8,000 by 2020
A "dramatic" crunch in miners' capital spending had set the stage for the price of copper to peak above $8,000 per metric tonne by the end of the decade, Citi said.
UK government has no intention of reversing out of Article 50 once triggered
UK Prime Minister Theresa May's Tory government has no intention of reversing its formal intention to quit the European Union, once it has been given, a report says.
StratMin appoints lawyer Sam Quinn as executive director
AIM-listed miner StratMin Global Resources has appointed corporate lawyer Sam Quinn as an executive director with immediate effect.
Atlantis tidal steam turbine deployed in 'record time'
Tidal power developer Atlantis announced on Monday that the first AR1500 tidal stream turbine has been deployed and energised at the MeyGen project site in the Pentland Firth, Scotland.
Sareum reports its first profit as drug development continues
Specialist cancer drug discovery and development business Sareum Holdings announced its half-yearly results for the six months to 31 December on Monday, a period in which it made good progress with its cancer and autoimmune disease research programmes.
Capital & Regional completes sale of Buttermarket Centre
Capital & Regional announced on Monday that it completed the sale of the Buttermarket Centre, Ipswich to the National Grid Pension Fund for a price of £54. 7m, at an equivalent yield of 5. 9%.
President Energy says start of Puesto Guardian Concession operations
Shares in President Energy are up almost 6% after it said the work-over rig has been mobilised to the first well location at the Puesto Guardian Concession, and that operations have already begun.
Broker tips: Rolls-Royce, Standard Chartered, Pearson, RBS
Goldman Sachs has upgraded aerospace and defence group Rolls-Royce to ‘buy’ from 'neutral', lifting the price target to 1,030p from 743p and adding the stock to its ‘Conviction’ list, saying the company has the potential to substantially increase free cash flow between now and 2020.
Sound Energy buys up more OGIF assets in £250m deal
Africa and Europe-focussed upstream gas company Sound Energy announced on Monday that, further to its announcement on 19 January that it has entered into binding agreements with Oil & Gas Investment Fund for the conditional acquisition of a further 20% interest in the company's Tendrara exploration permits, rights to apply for a 75% operated interest in an exploration permit for the Meridja area and an application for a 75% position in certain relinquished areas of the Tendrara exploration permit areas.