Latest News
Stada slumps as Bain/Cinven offer fails
Shares in German pharmaceutical group Stada slumped on Tuesday after a takeover by private equity firms Bain Capital and Cinven failed to win the required shareholder support.
BoE orders banks to bolster capital buffers
Banks will be made to set aside an extra £11. 4bn in the next 18 months to protect themselves against bad loans.
White House warns Syria is preparing for another chemical attack
The United States has said it believes there are preparations being made for another chemical attack in Syria, and warned Bashar al-Assad’s regime against the use of such weapons.
High street sales pick-up in June CBI says
Sales volumes on the High Street perked up in June but were expected to stall again in July, the results of a survey showed.
3i Infrastructure 'considering its options' over AWG
3i Infrastructure has confirmed that it is "considering its options" in relation to its interest in Anglian Water Group.
Frenkel Topping no longer looking for a suitor
Frenkel Topping issued an update to the market on Tuesday morning, confirming it had concluded the strategic review announced on 3 April.
HydroDec expecting growth despite weak feedstock market
With HydroDec investors gathering on Tuesday for the company’s annual general meeting, its CEO Chris Ellis was preparing to report expectations for significant growth in the first half, with revenues forecast to rise 12% year-on-year to $9. 1m.
SafeCharge launches new marketplace payments solution
Payments services provider SafeCharge launched its ‘Marketplace Manager’ product on Tuesday, describing it as a single API-based solution to relieve “payment pain points” for marketplaces, while enabling them to remain in full control of operations and the user experience for both buyers and sellers.
Oxford Metrics spends £2m on Kiwi motion tech developer
International software company Oxford Metrics announced the acquisition of New Zealand-based motion measurement system developer IMeasureU on Tuesday.
Gemfields slumps as Pallinghurst wins bidding war
Gemfields shares slumped on Tuesday as Pallinghurst Resources received overwhelming support from its shareholders to go ahead and buy up the remaining shares in the Faberge owner it doesn't already own.
Euro gains as ECB's Draghi says factors weighing on inflation are transitory
The factors dampening inflation pressures are only temporary but in order for prices to return to target policy-makers need to be persistent, prudence is also called for when re-adjusting policy in reaction to the improving economy, European Central Bank chief Mario Draghi said.
Debenhams warns over full-year profit as sales drop
Department store Debenhams warned on Tuesday that full-year profits could be towards the lower end of the current range if market volatility continues, as it reported a drop in third-quarter like-for-like sales.
UK consumer confidence collapses after election - YouGov/CEBR
UK consumer confidence in June fell to its lowest level since the aftermath of the Brexit vote, according to the latest survey from YouGov and the Centre for Economics and Business Research.
Sterling should weaken if FPC hikes capital buffers, Unicredit says
Sterling should weaken if the Financial Policy Committee decides to increase lenders' counter cyclical capital buffers, analysts at Unicredit Research said.
Europe open: Traders eye speeches from Draghi and Yellen
Traders on the Continent were pushing shares a little lower at the start of trading ahead of a speech from European Central Bank governor Mario Draghi later in the morning and following mixed closes in the States and in Asia overnight.
CMA says Heineken's proposals might remedy competition concerns
The Competition and Markets Authority said there are reasonable grounds to believe that proposals put forward by Heineken might remedy competition concerns over its £402. 7m proposed purchase of London-listed pub operator Punch Taverns' estate.
London open: Stocks flat despite strong showing from miners; BoE report eyed
London stocks were steady in early trade despite a solid showing in the mining sector, as investors eyed the Bank of England's financial stability report and a speech by governor Mark Carney.
Carpetright FY profits drop but results please
Carpetright reported a slump in full-year profit as it took a hit from the weaker pound and the revamp of its stores.
Slower UK puts brakes on Northgate full year profits
A weaker performance in the UK saw full year pre-tax profits at commercial vehicle hire firm Northgate fall to £72. 2m from £77. 6m.