Latest News
1pm to raise up to £7.5m through loan note programme
AIM-listed 1pm has announced plans to launch a secured loan note programme (SLNP) to raise up to £7. 5m in borrowing from private and institutional investors to meet demand for loans from SMEs and provide the flexibility to fund adjacent products and potential acquisitions.
EU investigates alleged anticompetitive behaviour by kraft paper companies
The European Commission confirmed on Tuesday that it carried out unannounced inspections at the premises of several companies in member states that are active in the kraft paper and industrial paper sacks sector to investigate alleged anticompetitive behaviour.
London Bridge evacuated, rail services stopped due to suspicious vehicle
Thousands of City commuters were being advised to seek alternate travel plans on Tuesday afternoon, as the London Bridge area was on lockdown due to a major security alert.
China FX reserves rise unexpectedly in February, capital outflows dry up
China's foreign exchange reserves increased in February for the first time in eight months, but economists were wary of the possibility that Beijing might have stepped in to weaken its currency, potentially irking the White House.
UK retail sales soften in February, BRC says
UK retail sales softened in February as consumers adopted a more cautious approach, with non-food sales bearing the brunt of the reduction in spending, according to the results of a widely-followed survey.
PureCircle sales down after temporary US import ban
Producer and marketer of stevia sweetening ingredients PureCircle announced its unaudited interim results for the six months to 31 December on Tuesday, with sales of $47. 2m, a decrease of 13. 4%, as a direct consequence of temporary import restrictions from US Customs and Border Protection.
Berenberg ups target on Ferrari ahead of F12berlinetta successor launch
The trajectory Ferrari's earnings were on was underappreciated by investors, Berenberg said.
Kromek awarded ten-year supply deal
Radiation detection technology company Kromek announced on Tuesday that it was awarded a contract, valued at $0. 99m, by an existing US-based customer for the upgrade of its advanced security screening detectors that have been deployed since 2009.
HSBC sells US residential mortgage loan portfolio
HSBC Holdings has sold a portfolio of predominantly US second lien residential mortgage loans to DLJ Mortgage Capital, which is a wholly-owned subsidiary of Credit Suisse, for $1. 5bn.
Wednesday preview: No surprises from Chancellor's Budget mind-palace?
Wednesday will largely revolve around the Budget in the UK, with several large companies reporting include giant insurers Admiral and Legal & General, plus the perenially-unpredictable G4S.
CentralNic upbeat as new TLD sales surge
Domain name sales and services platform CentralNic Group updated the market on its performance in 2016 on Tuesday, as it outlines its strategy for the year ahead.
Mountfield's shares up as group leaves problems behind
Shares in Mountfield Group are up almost 40% after saying the problems it had faced in past years were now behind it.
Downing Street dismisses Hague's call for early election
Downing Street has dismissed calls by former foreign secretary William Hague for an early general election.
Amur outlines big plans for 2017
East Russia-focussed nickel-copper sulphide mineral exploration and resource development company Amur Minerals Corporation announced its plans for the 2017 field programme on Tuesday.
Results round-up: Paddy Power Betfair, Intertek, Worldpay, Just Eat
Newly merged bookmaker Paddy Power Betfair said the new financial year has started in line with expectations as it reported a 35% rise in underlying earnings before interest, tax, depreciation and amortisation to £400m and a big dividend payout.
US trade deficit widens to near five-year high in January
America's foreign trade shortfall with the rest of the world widened in January to a near five-year high, as the country sourced more cell phones and textiles from overseas.
UK's House of Lords votes against second Brexit referendum
UK's House of Lords has voted against a second Brexit referendum by a clear majority.
FTSE 250 movers: Grafton gains on results, but Aggreko loses power
London's FTSE 250 was up 0. 3% to 18,938. 82 in afternoon trade as investors sifted through corporate releases.
Brazil's GDP hits the skids in Q4, possibly paving the way for more rate cuts
South America's second-largest economy worsened more than feared at the end of 2016, possibly paving the way for bolder interest rate cuts by its central bank.
RedstoneConnect's shares rise on FY pre-tax profit, adj. EBITDA forecasts
Shares in RedstoneConnect are up more than 10% after stating it expects reported pre-tax profit to be about £1. 5m, with adjusted EBITDA seen coming in at about £2m.