Latest News
Ofgem to ban energy retailers from back-billing beyond 12 months
Customers facing mammoth energy bills when changing suppliers or moving homes could soon face reprieve, if new plans from Ofgem go ahead.
Broker tips: Morrisons, Barratt Developments, RPC Group
Credit Suisse bumped up its target price for Morrisons, telling clients that its shares deserved a premium valuation versus those of Tesco and Sainsbury's.
Help to buy scheme 'no longer fit for purpose', says Shore Capital
Analysts at Shore Capital said that there needed to a “winding down” of the Help to Buy scheme in five years’ time or it could be a permanent fixture on the new homes market and that it was “no longer fit for purpose”.
Credit Suisse hails Morrison's positives, but says valuation expensive
Credit Suisse bumped up its target price for Wm Morrison, telling clients that its shares deserved a premium valuation versus those of Tesco and Sainsbury.
Small cap news round-up
Engineering services group Renew Holdings said its trading in the six months ended 31 March was ahead on the year, and in line with the board's expectations.
Watkin Jones trading in line, confident in outlook for full year
Shares in Watkin Jones advanced a little over 3% after it said trading was in line with expectations after a successful first-half, and that it was confident in the outlook for the full year.
Babcock preferred bidder to support Royal Navy carriers
Babcock International Group, a supplier of support services to the armed forces, has been selected as a preferred bidder for a Ministry of Defence programme worth about £360m over seven years.
Sports Direct completes $137.5m sale of Dunlop business
Sports Direct has completed the sale of its Dunlop business to Japan-based Sumitomo Rubber Industries for $137. 5m, as part of the retailer's strategy to move upmarket.
Eurozone unemployment improves, producer prices subdued
Unemployment in the euro-zone shrank in February, official data confirmed on Monday.
HSBC reiterates 'Buy' on Barratt Developments despite Brexit risks
Analysts at HSBC revised their target price on shares of Barratt Developments higher on the back of the company's better than expected margins and as it moved to belatedly clear stock in zones one and two in London.
Blasts rock St. Petersburg metro
An explosion has rocked a metro station in St. Petersburg, Russia, according to reports.
London midday: Market steady despite manufacturing wobbles
Stocks were steady come midday despite weaker than expected readings on the manufacturing sector out of the UK and China, as investors looked out to key political events worldwide later in the week.
Results round-up: Fitbug Holdings
Shares in Fitbug Holdings are down 10% despite confirmation it had started 2017 with a strong pipeline and reduced its full-year pre-tax loss.
Renew Holdings' first-half trading in keeping with expectations
Engineering services group Renew Holdings said its trading in the six months ended 31 March was ahead on the year, and in line with the board's expectations.
Apple pulls plug on Imagination Technologies, sparking patent tension
Apple has informed Imagination Technologies Group that it plans to stop using the UK-based group's processor chips in its new products within the next two years as it had developed its own version of the hardware, leading the latter to seemingly hint at potential legal action.
Europe midday: Manufacturing data boosts stocks, Dax nears record high
European equity markets mostly rose on Monday as investors took heart from strong eurozone manufacturing data and eyed minutes from the European Central Bank later this week.
Asian Growth Properties' shares zoom higher on reorganisation plans
Shares in Asian Growth Properties (AGP) zoomed more than 80% higher on its plans to reorganise by selling assets outside mainland China to SEA Holdings, which owns 97. 2% of the company.
Jim Wynn taking up CFO role at Rainbow Rare Earths
Rare earth element mining company Rainbow Rare Earths announced the appointment of Jim Wynn as chief financial officer on Monday, with Wynn taking up the post from 1 May.
Berenberg reiterates 'Buy' on RPC, says M&A potential underpriced
Analysts at Berenberg said shares in RPC Group were arguably cheap, giving short shrift to criticism of the company's adjustments to its operating profits, or that it was overpaying for assets, amongst other issues.
No reason to lose cool over Gibraltar - Spain's foreign minister
Spain’s foreign minister Alfonso Dastis has said there was "no reason" for the aggressive comments made by former government minister Michael Howard at the weekend, where he suggested Britain would be prepared to go to war to protect its control of Gibraltar.