Latest News
Attraqt buys Dutch cloud based software provider
E-commerce technology provider Attraqt has bought Fredhopper, a Dutch cloud-based software provider which is a subsidiary of language technology firm SDL, for up to £27. 8m.
Europe open: Markets in holding pattern ahead of ECB
European stocks got off to a quiet start as investors played it safe ahead of a string of key risk events which lay ahead.
HSBC hikes target on GKN on trend towards electric, hybrid platforms
Analysts at HSBC hiked their target price on shares of GKN saying the company was set to benefit from the paradigm shift towards electric cars and hybrid platforms.
UK economy showing signs of losing momentum, warns S&P
The UK economy has begun to show the first signs of growth slowdown, ratings agency S&P said in a note on Wednesday, with softer demand for loans from both businesses and households.
China warns of collision between North Korea and US
North Korea and the United States have been described by the Chinese Foreign Minister as "two accelerating trains with neither side willing to give way".
Wednesday newspaper round-up: UK Budget, North Korea warning, Brexit battles
The United States and North Korea are racing towards a catastrophic “head-on collision”, China’s foreign minister has warned, amid Chinese fury at America’s deployment of a controversial anti-missile system. Speaking in Beijing on Wednesday, Wang Yi said a “looming crisis” was brewing on the Korean peninsular. - Guardian.
Cairn Energy narrows full year losses
Cairn Energy said it had narrowed full year pre-tax losses to $151m from $497. 8m.
Wood Group begins second phase of Sofidel tissue plant in Ohio
Wood Group announced on Wednesday that it had begun the second of two site construction services contracts to support the development of a new tissue production site for Sofidel in Central Ohio.
London open: Rare Chinese trade deficit leaves traders scratching heads
Investors continued to play it safe ahead of the UK Budget later in the day, not to mention a key policy meeting at the European Central Bank the next day and monthly US jobs data out on Friday.
Hill & Smith reports record returns for 2016
Infrastructure products and galvanising services company Hill & Smith Holdings announced its audited results for the year to 31 December on Wednesday, with revenue rising 16% to £540. 1m, or 9% at constant currencies.
Hochschild Mining boosted by Inmaculada mine's first year
Hochschild Mining posted its preliminary results for the 12 months to 31 December on Wednesday, describing financial performance and cash generation as “strong” as revenue rose to $688. 2m, from $469. 1m in 2015.
Inmarsat full year profits take off by 9.5%
Satellite communications operator Inmarsat said full year earnings rose 9. 5% to $795m, boosted by strong performances in its government and aviation units, which were moderately offset by weaker maritime revenues.
CLS Holdings hikes dividend 23% as NAV jumps
Property investor CLS Holdings’ net asset value increased strongly in 2016 and its strong balance sheet and ample liquid resources gave confidence to hike the full year dividend 23%.
Foreign exchange helps lift PageGroup as some markets soften
Specialist professional recruitment company PageGroup announced its full year results for the year to 31 December on Wednesday, with revenue rising 12. 3% to £1. 2bn, or 3. 6% at constant exchange rates.
Unite Group sells Bloomsbury property for £135m
Unite Group, a developer of student accommodation, has sold a property in London's Bloomsbury to GCP Student Living for £135m.
Earnings surge as NMC Health continues to expand
NMC Health, an integrated private healthcare provider operating across the United Arab Emirates and a provider of fertility treatments through its Spanish subsidiary Clinica Eugin, announced its results for the full year ended 31 December on Wednesday.
CMC Markets signs major deal with ANZ
Online retail trading provider CMC Markets announced a major new stockbroking partnership with Australia and New Zealand Banking Group on Wednesday.
Admiral dividend remains buoyant as profits sink from Ogden bombshell
Admiral's full year profits fell by a quarter due to the government's recent changes to the 'Ogden' rate at which personal injury claims are calculated, though the non-life insurer's hefty dividend was held steady as underlying profits edged higher.
German industrial production jumps in February, as expected
Industrial output in Germany jumped at the beginning of the year even as data released the day before pointed to a sharp 'pay back' next month.
Legal & General FY profits up 17%; sees market volatility ahead
Insurer Legal & General said full year pre-tax profits rose 17% to £1. 6bn as it reported a strong rise in operating profits from its retirement division.