Latest News
Vodafone growth accelerates in first quarter as Turkey and Egypt surge
Vodafone has reported improved growth in the first few months of its new financial year thanks to strong growth in the Africa, Middle East and Asia Pacific (AMAP) region.
ExxonMobil fined $2m for violating Russia sanctions
US oil corporation ExxonMobil has been fined $2m by authorities in the country for the violation of sanctions handed out to Russia during Rex Tillerson’s time as CEO.
AstraZeneca boss plays down Teva rumours
AstraZeneca chief executive Pascal Soriot has played down recent rumours that he was to leave the London-listed drug giant for Israeli generic colossus Teva.
Europe open: Greek news offsets euro strength
A decision by the International Monetary Fund to approve a new conditional bail-out for Greece helped stocks cut early losses.
ICO slaps Moneysupermarket with 80k fine for spamming customers
It hasn't been the best week for price comparison website Moneysupermarket. com.
Paysafe announces acquisition and possible GBP2.8bn takeover offer
In an unusual double, Paysafe Group has both struck a $470m deal to acquire US-based Merchants' Choice Payment and also announced that it has received a takeover proposal from private equity companies Blackstone and CVC Capital Partners.
Beowulf Mining appoints economists to produce Kallak mine study
Mineral exploration and development company, Beowulf Mining has appointed economists to complete a study of the economic benefits of its proposed Kallak Mine in Sweden as it seeks to bring local doubters onside.
Capital & Counties confident on outlook despite economic uncertainty
Capital & Counties sounded a confident note on the outlook for its Covent Garden estate, despite the uncertain economic and political environment, reiterating its medium-term estimated rental value target for it.
Investec downgrades Paddy Power on worsening regulatory outlook
Paddy Power Betfair lost ground on Friday as Investec downgraded its stance on the stock to ‘sell’ from ‘buy’ and cut the price target to 6,970p from 10,000p on the back of lower forecasts and a deteriorating regulatory outlook in the UK and Australia.
London open: Stocks little changed; Paysafe surges on deal news
London stocks were little changed in early trade on Friday as investors sifted through some corporate news and awaited the release of borrowing figures.
AO World UK sales up 2.5%
Online electrical goods retailer AO World reported 2. 5% growth in UK revenue for the three months to the end of June on Friday as it said the trading environment remains challenging.
Euromoney third quarter underlying sales growth as expected
Euromoney posted largely as expected revenue growth in the third quarter of its fiscal year helped by a favourable tailwind from currency movements and the acquisition of rival RISI.
Homeserve trading in line with expectations, weighted towards 2H
FTSE 250 home repairs and improvements business Homeserve said on Friday that trading in the period from 1 April to 20 July was in line with its expectations of continued strong growth in the current financial year.
London pre-open: Stocks seen muted ahead of net borrowing figures
London stocks were set for a muted open on Friday on what is expected to be a fairly quiet day’s trading.
Close Brothers confident of 'good result' for full year
FTSE 250 merchant bank Close Brothers said on Friday that it remains confident of a “good result” for the current financial year as it has continued to perform well across all divisions.
Beazley posts better-than-expected combined ratio at half-year stage
Beazley edged past forecasts with its interim results, bumping up its pay-out as a result, but the company's boss sounded a very realistic note when discussing the outlook.
Paysafe Group goes shopping, Beazley beats on bottom-line
London open The FTSE 100 is seen starting the day 2 ponts higher to 7,489.
Friday newspaper round-up: Turkey, Transitional deal, Unilever
A powerful earthquake has struck off the Turkish coast, triggering a tsunami in the Mediterranean and Aegean and killing at least two. Beachfront hotels full of British holidaymakers were flooded in the coastal city of Marmaris, while the effects of the 6. 7 magnitude quake were also felt on islands such as Crete and Rhodes. - The Daily Mail.
US close: Markets mixed as investors close their wallets
US stocks took a breather on Thursday, following mixed economic data and ahead of key corporate updates from tech heavyweights Microsoft and eBay.