Latest News
Novae Group scraps dividend, sale to Axis expected to complete in Q4
Novae Group scrapped its interim dividend after the company fell into a loss amid still challenging industry conditions, although it continued to make progress on its sale to AXIS Capital.
E.On recruiting army of 1000 smart-meter technicians
German-owned energy group E. On hopes to train 1,000 new technicians its new national electrical skills training academy, as part of the government-led transition to smart meters in homes and businesses.
Brussels issues UK £520m bill for relocation of European Medicines Agency
The cost of moving the European Medicines Agency (EMA) from London after Brexit has skyrocketed to £520m, it emerged on Wednesday.
Oxford Metrics subsidiary announces new projects and partners
International software company Oxford Metrics announced on Wednesday that its specialist motion measurement subsidiary Vicon had launched two new products and new partners at this year's SIGGRAPH conference.
Crusader Resources to divest interest in iron ore mine, says Stratex
AIM listed gold exploration and development company Stratex International said Crusader Resources, which it is in the process of buying, has agreed to sell its interest in the Brazilian Posse Iron Core mine.
Lighthouse Group renews contract with Prospect union
National financial adviser Lighthouse Group announced on Wednesday that it has agreed the renewal of its contract with professionals’ trade union Prospect as the preferred provider of expert financial advice to its members, encompassing retirement planning, mortgages and investments, for a further one year from 1 August 2017.
FTSE 100 movers: Babcock boosted by RBC note, StanChart drops on divi disappointment
London’s FTSE 100 was down 0. 2% to 7,407. 55 in afternoon trade as investors sifted through earnings and mulled a disappointing reading on UK construction.
Credit Suisse revises Intertek target price higher on reduced geopolitical risks
Analysts at Credit Suisse upgraded their recommendation on shares of Intertek, admitting that some of the potential risks which had led them to be more cautious had not materialised.
Action Hotels opens second Bahrain property
Owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia, Action Hotels, announced the opening of its second hotel in Bahrain on Wednesday - ibis Styles Manama Diplomatic Area.
Morrisons' convenience moves drive upgrade by HSBC
Morrisons was upgraded to ‘hold’ from ‘reduce’ on Wednesday by HSBC after the supermarket group added a new wholesale contract that it hopes will soon be worth £1bn.
US private sector adds fewer jobs than expected in July, ADP says
Private sector employment in the US rose less than expected in July, according to the latest figures from ADP.
Wednesday broker round-up
Hikma Pharmaceuticals: Morgan Stanley downgrades to Equal Weight with a target price of 1600p.
Cabot Energy updates market on Canada summer programme
Oil and gas company Cabot Energy updated the market on its Canada summer programme on Wednesday, confirming its had commenced work, targeting additional gross production of 300 barrels of oil per day from both the Rainbow and Virgo areas.
Tillerson tells North Korea: 'We are not your enemy'
US secretary of state Rex Tillerson has offered an olive branch to North Korea, saying he would welcome dialogue with the isolated regime and declaring 'we are not your enemy'.
Regulators warn FCA that 'highly inappropriate' proposal could damage London's reputation
A relaxation of certain stock market rules and regulations for sovereign-owned companies could damage London's reputation for strict enforcement of the best practices in corporate governance.
Argos deliveries face disruption as union eyes three-week strike
Argos faces disruption to its distribution network as workers plan three weeks of strikes over contract terms and concerns about cost-cutting from new parent company Sainsbury's.
Europe midday: Stocks slide on soft bank earnings and euro strength
European stocks remained stuck in the red after midday on Wednesday as the strong euro, weak bank results and falling commodities prices all weighed.
CMA raises competition concerns over Wood Group/Amec deal
The Competition and Markets Authority said on Wednesday that the proposed £2. 2bn merger between Wood Group and Amec Foster Wheeler could lead to competition concerns in the supply of engineering and construction services and operation and maintenance services on the UK continental shelf.
London midday: Stocks slip further as construction data disappoints
London stocks had slipped a little further into the red by midday following some corporate dividend disappointments and the release of disappointing UK construction data, although sterling seemed to take the news in its stride.
Bitcoin Cash faces uncertain future after rollercoaster first day
Bitcoin Cash - a new ‘fork’ of the popular cryptocurrency Bitcoin, formed as the result of a heavily publicised rift within the cryptocurrency community - had its first block mined on Tuesday evening.