Latest News
SBM reports increased earnings despite 11% drop in revenue
Dutch engineering company SBM Offshore said on Wednesday it had exceeded its first half targets due to a higher than expected investment in its deep sea projects.
Tasty profit warning a worry for restaurant peers
Restaurant operator Tasty has issued another profit warning and promised to sell off and close certain assets after trading across its London-centric estate of Dim T and Wildwood outlets has been even lower than management's low expectations.
Demonstrations commence at PowerHouse's Thornton Science Park
PowerHouse Energy Group announced Wednesday waste-to-hydrogen technology demonstrations had commenced at its Thornton Science Park, with the park to become fully operational next month.
President Zuma narrowly survives no-confidence vote, dashing traders' hopes
South Africa's president Jacob Zuma has narrowly survived the no-confidence vote against him in parliament on Tuesday, dashing the hopes of traders who had eyed up the rand so intensively yesterday on the possibility that it might surge against the dollar.
Paris police hunt attacker after car strikes soldiers in French capital
French police are on the hunt for the driver of a car which rammed into a group of soldiers in a Paris suburb on Wednesday.
Telit's Oozi Cats takes leave pending investigation
Internet of Things company Telit Communications issued a statement on Wednesday, confirming that its chief executive Oozi Cats was taking a leave of absence following speculation over “historical indictments” in the United States.
Ahold Delhaize posts strong second quarter results
On Wednesday, Dutch supermarket group Ahold Delhaize announced net sales had increased 67. 3% over the second quarter to €16. 1b, with a similar 68. 2% jump in net profit to €355m.
Europe open: Stocks pull back on geopolitical tensions
Shares started the morning on a down note following further provocative remarks out of Pyongyang which were followed by a quick response from the US president.
Worldpay agrees £9.3bn merger with Vantiv
Payments processing company Worldpay said it had agreed a £9. 3bn merger with US rival Vantiv.
Disney severs ties with Netflix to set up online offering
US entertainment giant Walt Disney plans to cut its distribution ties with streaming site Netflix, as it prepares to launch its own online offering.
London open: Risk-off mode hits stocks after Trump's North Korea threat
London stocks lurched lower on Wednesday morning after geopolitical tensions between American and North Korea were further inflamed by some hotheaded rhetoric from President Donald Trump.
MTI Wireless Edge secures new million-dollar contract
Flat panel antenna manufacturer and provider of wireless irrigation solutions, MTI Wireless Edge, announced on Wednesday that it has secured a new contract from an unnamed existing customer for the development and manufacture of an antenna solution for a military application.
Legal & General reports tremendous momentum, hikes payout
Legal & General boosted its payout following a sharp rise in profits at the half-year stage with the life insurance and financial services group reporting tremendous momentum across its franchise.
G4S growth slows as transformation continues
Security outsourcing group G4S reported slower growth in the second quarter and held its first-half dividend steady, as management declared their increased confidence in prospects thanks to the "substantial progress" being made with restructuring.
China CPI inflation slows in July, factory gate prices steady
The cost of living in China retreated last month as the rate of advance in non-food prices slowed to a seven-month low.
Weak pound, acquisitions help boost Spirax interims
Interim pre-tax profits at engineering group Spirax-Sarco rose to £88. 5m from £73. 4m as revenue grew 25% to £428. 6m.
Riverstone NAV falls amid weaker oil sentiment
Energy asset investment company Riverstone Energy reported a 1. 8% decline in its net asset value during the first half, it said on Wednesday, to $19. 74 per share when compared to 31 December last year.
Hastings Group posts strong first half as market share improves
General insurance provider Hastings Group Holdings said it had continued to maintain its “strong momentum” through its first half on Wednesday, adding it was on track for another year of “profitable growth” as gross written premiums improved 28% to £462m.
London pre-open: Geopolitics in focus amid dearth of data
Stocks were being called to start the session slightly lower, tracking a dip on Wall Street overnight and of the back of a weaker-than-expected reading on Chinese consumer prices.