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Small cap news round-up
Eddie Stobart Logistics has confirmed it plans to float on London's junior market next month to raise £130m to accelerate organic growth and make acquisitions.
Google promises policy review as more big spenders pull ads
Alphabet's biggest division Google promised a big push against its controversial advertising policies on Thursday, as big-spending firms on both sides of the Atlantic continued to pull their marketing from the web giant’s platform.
Coal of Africa COO resigns after insider trading fine
Coal of Africa’s chief operating officer Michiel Jakobus Brönn has resigned after being fined by the Financial Services Board of South Africa for insider trading.
FTSE 250 movers: Halma up on trading update; Ted Baker drops
London’s FTSE 250 was up 0. 7% to 18,971. 87 in afternoon trade, as investors sifted through corporate news and digested better-than-expected retail sales figures.
Facebook begins to roll out fake news alert tool
Facebook began its push against the tide of fake news in earnest on Thursday, as the social media giant rolled out a third-party developed fact checking tool which would alert a user if shared content was ‘disputed’.
Eddie Stobart Logistics plans AIM float to accelerate growth
Eddie Stobart Logistics has confirmed it plans to float on London's junior market next month to raise £130m to accelerate organic growth and make acquisitions.
Gfinity signs HP as official partner of first esports tournament
Esports operator Gfinity announced OMEN by HP as its first official partner of the inaugural esports tournament, the Gfinity Elite Series, on Thursday.
Wentworth Resources reduces FY pre-tax loss and boosts revenue
Shares in Wentworth Resources are down almost 1% despite it posting a reduced full-year pre-tax loss as total revenue for the period more than doubled, with the company also noting a pleasing reserve report.
Secure Trust Bank posts record total group profit
Secure Trust Bank announced a record total group profit after tax of £137. 5m for the year to 31 December on Thursday.
US new home sales rise more than expected in February
Sales of new US single-family homes rose more than expected in February, according to official data released on Thursday.
UK state pension age should rise to 70, government review recommends
Almost six million UK citizens currently aged under 30 could see their pension age rise as high as 70, if recommendations in two government reports published on Thursday are taken up.
Results round-up: Next, Ted Baker, GVC, Kier Group
Clothes retailer Next reported underlying annual profits fell for the first time in eight years and warned 2017 will be "another tough year" due to a shift away from spending on clothing and a squeeze on UK wages.
Sound Energy's shares dip after Badile, TE-8 well updates
Sound Energy's shares fell a little more than 2% after issuing updates on it Badile exploration well in Italy, and TE-8 well in Morocco.
Broker tips: Tullow Oil, Sainsbury's, Tesco, Standard Chartered
Analysts at RBC Capital Markets downgraded Tullow Oil on concerns about the oil and gas explorer's bid to shrink its debt burden through a rights issue.
Craneware wins sizeable contract extension from US hospital operator
Craneware which is specialises in software for healthcare billing, has won a “significant” contract extension from a US hospital operator.
Ilika wins US patent on solid-state battery making process
Shares in Ilika are up almost 6% after it was granted patent in the US on its proprietary process for making solid-state batteries that was jointly filed with Toyota Motor Company.
Retail sales remain below seasonal trends, CBI finds
Retail sales picked up more than expected up until mid-March, the CBI found in a monthly Distributive Trades survey that backed up earlier official figures but did not fill economic experts with much optimism.
London midday: Stocks flat but pound pops higher after retail sales
Equity markets in London were little changed by midday, but sterling popped higher following the release of better-than-expected retail sales figures.
Jaywing launches in Australia
UK data science-led marketing company Jaywing has launched its brand in Australia to fast-track local growth and expand its service offering.
US initial jobless claims unexpectedly rise
The number of Americans filing for unemployment benefits unexpectedly rose last week, according to data from the Labor Department.