Latest News
Strip Tinning tumbles as customer terminates contract
Specialist automotive connector supplier Strip Tinning announced on Friday that its wholly-owned subsidiary STL has received notice to terminate its contract with a Croatian electric vehicle technology firm for the supply of cell management systems to a leading German manufacturer, from 1 October.
Made Tech flags solid growth in year just ended
Public-sector focussed data and technology service provider Made Tech said its revenue for the financial year recently ended was ahead 120% in a trading update on Friday, at £29. 3m.
Smoove renews contract with Lloyds Banking Group
Home moving and ownership technology and service provider Smoove has re-contracted with Lloyds Banking Group, it announced on Friday, for the provision of conveyancing services for a further two years.
Europe midday: Shares slip further on German PPI
European markets extended losses at midday on Friday, with investors assessing an unexpected rise in UK retail sales and higher German producer prices.
London midday: FTSE steady after retail sales, consumer sentiment data
London stocks were steady by midday on Friday as investors mulled the latest retail sales and consumer confidence data.
Greatland Gold upbeat as it maintains 30pc ownership of Havieron
Miner and developer Greatland Gold said it had retained 30% ownership of the Havieron joint venture on Friday, after Newcrest chose not to exercise its option to acquire an additional 5% interest from Greatland for the independently-assessed $60m price tag.
Volex reiterates guidance after 'strong' first quarter
Power products and manufacturing services provider Volex said in a trading update on Friday that its first-quarter performance was “strong”, in line with management expectations and its new, five-year growth plan.
UK public sector net borrowing jumps in July on higher debt servicing costs
Britain's public sector borrowed more than expected last month amid increased costs for servicing its debt and rising social assistance payments.
Asia report: Markets mixed as Japan inflation tops expectations
Markets in Asia were mixed but broadly flat at the close on Friday, again taking their cues from a muted session on Wall Street overnight.
FCA warns buy-now-pay-later firms to get their promotions in order
The Financial Conduct Authority warned buy-now-pay-later firms that its products needed to comply with financial promotion rules on Friday, even though some agreements were “unregulated”.
Kingspan reports strong first-half growth
Insulation and building materials company Kingspan reported a 42% improvement in first-half revenue on Friday, to €4. 2bn, with growth of 27% on an underlying basis.
German producer prices surge at record pace in July amid dearer energy
Producer prices in the euro area's largest economy continued accelerating last month with energy prices more than doubled versus a year ago.
Joules tumbles after profit warning
Joules warned on Friday that it expects to deliver a pre-tax loss for the full year and said it was in talks with its bank about a waiver of its covenants, sending shares in the fashion retailer tumbling more than 30%.
London open: Stocks muted as investors mull retail sales, confidence data
London stocks were little changed in early trade on Friday as investors mulled retail sales data and the latest reading on UK consumer confidence.
Europe open: Shares edge lower on slowdown fears; Just Eat on the menu
European markets opened lower on Friday after a mixed session in Asia, with investors assessing an unexpected rise in UK retail sales and German producer prices.
UK consumer confidence falls to record low in August - GfK
UK consumer confidence fell to a fresh record low in August amid surging inflation, according to a survey released on Friday.
Just Eat sells stake in Brazil’s iFood to Prosus for €1.8bn
Just Eat Takeaway has agreed to sell its 33% stake in Brazil’s iFood joint venture to Prosus for up to €1. 8bn in cash.
Apax Global Alpha adjusted NAV falls
Apax Global Alpha said total adjusted net asset value fell to €1. 4bn from €1. 5bn in the 2021 fiscal year, with adjusted NAV per share decreasing to €2. 83 (£2. 44) from €3. 02 (£2. 54) in the six months to June 30.
Canada's CDPQ in talks to buy Vodafone's Indus Towers stake - report
Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) is reportedly in talks with Vodafone to buy the residual 21% stake it owns in Indus Towers, India’s largest mobile tower installation company.
UK retail sales unexpectedly rise in July
UK retail sales unexpectedly rose in July, boosted by online shopping, according to figures released on Friday by the Office for National Statistics.