Latest News
Defenx enters into software distribution agreement with partner BV-Tech
Cyber-security software group Defenx announced on Thursday that, further to the software acquisition and investment by BV-Tech announced on 11 April, the company entered into a software distribution contract as part of its strategic partnership with BV-Tech.
Electrical Geodesics board tells shareholders to approve £29m Philips merger
Neurodiagnostic medical technology company Electrical Geodesics (EGI) announced on Thursday that it had reached an agreement on the terms of a recommended acquisition under which Philips will acquire all of the outstanding shares of EGI for an aggregate consideration of £29m in cash, pursuant to the terms of an agreement and plan of merger entered into on 21 June between EGI, Philips, Merger Sub and others.
LXB makes further letting progress at Rushden Lakes and Stafford Riverside
Jersey resident closed-ended real estate investment company LXB Retail Properties announced further progress on lettings at Rushden Lakes Phase 3 and at Stafford Riverside on Thursday.
Prudent to wait until December to hike again, Fed's Harker says
In an interview with the Financial Times, the president of the Federal Reserve bank of Philadelphia, Patrick Harker, said it would be "prudent" for the US central bank to defer its next interest rate hike until December, instead of tightening at its September meeting.
UK population increases at fastest rate since WW2
Britain's population has swelled to nearly 67 million with growth in the past year reaching the fastest rate in almost 70 years, official figures showed on Thursday, boosted by continued net international migration.
Hornby says Phoenix offer 'significantly undervalues' company
Model train set maker Hornby said on Thursday that the 32. 375p a share offer made by Phoenix UK Fund for the shares in the company it doesn't already own "significantly undervalues" the group and its future prospects.
UK industrial trend improves more than expected - CBI survey says
UK manufacturing is bouncing back, the CBI industrial trends survey showed on Thursday as the headline total orders balance came in much higher than forecast.
Europe midday: Oil shares slip towards seven-month low
European markets were holding lower, with investors pushing Oil&Gas shares to near seven-month lows, albeit against a backdrop of positive economic data and heavy news-flow news regarding continued deal-making in the corporate space.
Results round-up
Ultra Electronics, the technology focused defence and security products group, said US orders continued to be held back by the delayed government budget but that its full year expectations remained unchanged.
Broker tips: StanChart, Lloyds, Miners, Ultra Electronics
Goldman Sachs stuck to a 'buy' recommendation on StanChart and 'sell' on Lloyds and Barclays after adjusting its earnings estimates for the sector to reflect recent market developments and ahead of the release of the Financial Policy Committee's Financial Stability Report on 27 June.
London midday: Stocks stay in the red despite encouraging manufacturing data
London stocks were holding onto losses by midday despite an upturn in oil prices and an encouraging reading on the UK manufacturing sector, as Prime Minister Theresa May prepared for a key EU summit in Brussels.
Goldman positive on StanChart but stays at sell on Barclays and Lloyds
Goldman Sachs stuck to a 'buy' recommendation on StanChart and 'sell' on Lloyds and Barclays after adjusting its earnings estimates for the sector to reflect recent market developments and ahead of the release of the Financial Policy Committee's Financial Stability Report on 27 June.
Deutsche Bank cautious on EMEA miners, Rio Tinto still top-pick
Deutsche Bank reiterated a 'neutral' view on the European, Middle East & Asia mining sector, telling clients they were cautious given the modest deterioration seen in macro indicators for the sector.
Ultra Electronics meaningfully undervalued, Investec says
Analysts at Investec reiterated their recommendation on Ultra Electronics, telling clients the shares were "meaningfully" undervalued with momentum in the company's orders set to continue.
Trump state visit to UK will go ahead, Boris Johnson says
Foreign secretary Boris Johnson has said Donald Trump’s planned state visit to the UK will go ahead, despite its omission from the Queen’s Speech on Wednesday.
Imagination Technologies put up for sale as Apple dispute continues
Imagination Technologies Group has formally put itself up for sale and is in talks about a potential takeover after receiving interest from "a number of parties" in recent weeks, which analysts suggested could include Intel, Qualcomm or even Apple.
Asia report: Markets mixed amid oil price concerns
Markets in Asia were mixed on Thursday, with steadily declining oil prices giving traders a reason to pause.
Mortgage lending robust but buy-to-let rebound fails to appear
UK mortgage lending remained resilient in May, according to figures released by the industry on Thursday, but forecasts for a revival in buy-to-let lending have proved wrong.
US pre-open: Stocks seen touch weaker as focus remains on oil
US futures pointed to another downbeat session on Wall Street on Thursday as investors kept a close eye on oil prices after they fell to a 10-month low in the previous session.