Latest News
CVS earnings surge as it continues its acquisition charge
Integrated veterinary services provider CVS Group announced its unaudited interim results for the six months to 31 December on Friday, with revenue improving 28. 5% year-on-year to £129. 4m.
Mobile Streams losses widen as it concentrates on India
Mobile Streams announced its unaudited interim results for the six months to 31 December on Friday, confirming subscriber numbers in India increased to over 175,000 active subscribers, up from 100,000 during the period.
Official China manufacturing sector PMI races ahead in March, but analysts cautious
China's economic performance continued to exceed forecasts in March, the results of two key activity surveys revealed, although some economists continued to harbour doubts regarding the sustainability of the current pace of expansion.
Micro Focus launches $5.5bn loan to complete HPE software merger
Software firm Micro Focus International has launched a $5. 5bn leveraged loan in relation to its proposed acquisition of Hewlett Packard Enterprise’s software business.
Koovs signs distribution deal with souq.com
Online Indian fashion retailer Koovs has signed a new distribution agreement with Souq. com as part of it strategy to expand in the Asia-Pacific and Middle East.
Europe open: EU open to free trade deal with UK before Brexit, with conditions
European stocks were on the backfoot in the last day of trading for the month and the quarter, with traders carefully parsing remarks from key politicians and decision-makers on both sides of the Channel as Brexit negotiations between the UK and the European Union got underway.
Competition watchdog halts ZPG's acquisition for review
ZPG Group's acquisition of Expert Agent has been halted by the UK competition watchdog pending a review.
Newell Brands terminates Sprue Aegis supply agreements
Sprue Aegis’ distribution, manufacturing and supply agreements with US consumer products firm Newell Brands are to be terminated, but the home safety products developer has also gained contracts with two other companies.
UK house prices fall for first time since June 2015, Nationwide finds
UK house prices fell month-on-month this month for the first time in almost two years, according to a survey by Nationwide, knocking the annual growth to a 19-month low and adding to economist's predictions that growth will moderate over 2017.
Independent Oil & Gas close to signing agreement for North Sea pipeline
AIM-listed explorer Independent Oil & Gas said on Friday that it is “close” to signing the sale and purchase agreement for the southern North Sea pipeline in order to use it deliver the company’s gas to shore.
Avanti Communications and Numerisat to provide broadband connectivity in the Alpes
Satellite data provider Avanti Communications has teamed up with French satellite service provider Numerisat to bring broadband connectivity to ski resorts and chalets across the Alps, including wi-fi hotspots for La Grande Odyssée event visitors.
London open: Quarter-end blues hit stocks despite data out of China
Stocks slipped at the start of the session, with market operators apparently taking their cue from a lacklustre trading session overnight in Asia despite the release of better-than-expected data out of Asian hegemon China, with news of an unexpected drop in UK house prices in March perhaps serving to dampen sentiment further.
Electra completes £203m Audiotonix sale
Electra Private Equity said it has completed the sale of console and mixing desk maker Audiotonix to French buyout group Astorg for £203m.
Havelock Europa appoints Donald Borland as CFO
Shopfitting and interiors company Havelock Europa has appointed Donald Borland as chief financial officer from 26 April.
AstraZeneca in rights deal with TerSera on cancer treatment
AstraZeneca said it had completed an agreement with TerSera Therapeutics for the commercial rights to its cancer treatment Zoladex in the US and Canada.
Entertainment One signals 'strong' year ahead of results
Multinational media distribution company Entertainment One updated the market on its performance for the year to 31 March on Friday, with the board claiming “strong” growth in both reported revenue and underlying EBITDA for the year.
Inmarsat to work with AT&T for US emergency services broadband network
Satellite telecommunications firm Inmarsat has been selected by US telecoms giant AT&T as a "core team member" for an emergency services broadband network.
Friday newspaper round-up: Bradford&Bingley, BT Group, Armed forces
Chancellor Philip Hammond has triggered the sale of £11. 8bn worth of Bradford & Bingley loans bought during the financial crisis. The Government said the funds would be sold to Prudential and Blackstone and delivered "value for money" for the taxpayer. Mr Hammond said: "The sale of these Bradford & Bingley assets for £11. 8bn marks another major milestone in our plan to get taxpayers' money back following the financial crisis. We are determined to return the financial assets we own to the private sector and today's sale is further proof of the confidence investors have in the UK economy.
AstraZeneca completes deal with TerSera over Zoladex, Micro Focus raising $5.5bn for HP buyout
London open.
London pre-open: Stocks headed for lower start at quarter-end
Stocks were being called to start the morning slightly lower ahead of a barrage of economic data in the States, amid a surprisingly weak reading on UK house prices for the month of March.