Latest News
Acacia Mining's Tanzania dispute 'no laughing matter', say analysts
Tanzania has launched a new investigation after Acacia Mining was accused by a government committee of under-reporting gold exports, with analysts in disagreement over how much hot water the FTSE 250 company finds itself in.
Modern Water's shares sink as it raises about £1.749m
Shares in AIM-traded Modern Water tumbled more than 18% lower as it raised about £1. 749m in a bid to accelerate the execution of its organic growth strategy.
Weekly US jobless claims hold near multi-decade lows
One of the most closely-followed gauges of the health of the US labour market remained near multi-decade lows last week.
Conviviality trades well in April year, in line with board's views
UK alcohol wholesaler Conviviality traded well in the 52 weeks to 30 April and in line with the board's expectations.
Petrofac plummets after SFO warns about 'not cooperating' with bribery probe
Petrofac shares plunged to their lowest since 2009 after the Serious Fraud Office accused the oilfield services company of failing to co-operate properly with its investigation into bribery and money laundering allegations.
Conygar's NAV/share up after transformational half year
Conygar Investment Company saw its net asset value per share reach 201p at the end of March, up from 197p at the end of September last year and after what it described as a busy and transformational six months.
US retail and wholesale inventories fall in April
Retail and wholesale inventories Stateside fell in April amid downwards revisions to estimates for the prior month.
US trade deficit widens unexpectedly in April
The US exported fewer goods and imported more in April.
Halfords profits skid lower on weak pound but new year begins well
Profits at bike and car accessory retailer Halfords Group were deflated by the impact of foreign currency rates on margins, though it pumped up its dividend as cash generation remained strong.
Results round-up
Tate & Lyle reported an 85% jump in full-year pre-tax profit on Thursday, underpinned by a weaker pound and a solid performance from both divisions.
London midday: Stocks hold onto small gains as pound dips after UK GDP data
London stocks were holding onto small gains by midday, while the pound ticked lower as it emerged that the UK economy grew less than initially estimated in the first quarter.
Goldman Sachs lifts National Grid target price, but stays at 'sell'
Analysts at Goldman Sachs boosted their target price for shares of National Grid after rejigging their valuation methods for the company, but said the premium they were trading at was not justified, leading them to reiterate their 'sell' recommendation.
ThinkSmart launching new mobile finance product for Dixons Carphone
High-volume, small-ticket electronic and commercial equipment retail finance provider ThinkSmart issued an update to the market on Thursday, reporting that - alongside its existing partner, electronics retail group Dixons Carphone - it had developed a “new, innovative” mobile phone consumer proposition.
Clipper Logistics acquires Tesam Distribution
Value-added logistics solutions and e-fulfilment provider Clipper Logistics announced the acquisition of the entire issued share capital of Tesam Distribution on Thursday.
OPEC reportedly extends output cut deal by nine months
According to multiple reports, citing delegates at the OPEC meeting in Vienna, the cartel's members agreed to prolong into March 2018 the November deal which saw them reduce production by 1. 8m barrels a day.
JC Flowers sells another 10% stake in OneSavings Bank
Funds managed and advised by private investment firm JC Flowers & Co have sold 25m shares in OneSavings Bank, equating to a stake of around 10%, for approximately £110m.
Biffa collections benefits brought to light by Pennon results, Numis says
Broker Numis said Biffa was one of the top stocks picks in the support services sector as it could be a beneficiary of trends mentioned by rival Viridor this week.
Europe midday: Stocks edge higher in choppy trading
European markets were moving slightly higher in choppy trading amid thin trading volumes on account of a bank holiday in Germany and as investors digested the US central bank policy meeting minutes released overnight.
Intermediate Capital surges as FY profit, AuM rise; new dividend policy announced
Shares in asset manager Intermediate Capital surged on Thursday after it reported a jump in full-year profit and assets under management and announced a new dividend policy.
Tories receive £400,000 in donations from oil bosses ahead of election
The Conservative Party has received nearly £400,000 in donations to their election campaign from top oil executives, according to figures from the Electoral Commission.