Latest News
London & Associated Properties swings to loss as rate hikes bite
Real estate investment company London & Associated Properties swung to a loss in the first half as interest-rate increases had a significant impact on trading, and resulted in a huge write-down of one of its key properties.
Watches of Switzerland allays concerns as Rolex buys competitor Bucherer
Watches of Switzerland responded to concerns regarding the acquisition of Bucherer by Rolex on Friday, working to reassure shareholders of its continued access to stock.
Jefferies upgrades Aston Martin to buy, shares rally
Aston Martin Lagonda rallied on Friday after Jefferies lifted its stance on the shares to ‘buy’ from ‘hold’ and hiked the price target to 420p from 300p.
CMA to study competition and land banks in housebuilder investigation
The Competition and Markets Authority (CMA) has outlined the main areas of the housebuilding market it is investigating to ensure developers are serving consumers in the best way possible.
Proteome Sciences revenue, earnings dip in firist half
Proteome Sciences released its unaudited financial results for the first six months of the year on Friday, reporting an increase in its proteomics services revenues to £1. 01m, from £0. 85m a year earlier.
Corcel announces start of work in Angola's Kwanza Basin
Oil and gas company Corcel announced the start of preparatory work for drilling and appraisal activities on Block KON-11 on Friday, in the Kwanza Basin of Angola.
Shearwater to publish delayed final results on 5 September
Cybersecurity, advisory, and managed security services provider Shearwater Group announced an alteration to the release schedule for its final results for the year ended 31 March on Friday.
Zenova reports first-half growth as contracted sales roll in
Housing fire safety and heat management specialist Zenova Group reported significant financial growth in its first-half results on Friday, with sales rising to £0. 11m from £0. 08m year-on-year.
Panthera gets funding confirmed for subsidiary's claims against India
Gold explorer and developer Panthera Resources announced on Friday that LCM Funding has finalised its due diligence, and subsequently issued a funding confirmation notice for a litigation facility for its subsidiary Indo Gold (IGPL).
China relaxes local mortgage policy as property sector struggles
Authorities in Beijing announced a strategic move to counter the declining residential property market overnight on Friday, with a new policy intended to ease its stringent mortgage rules.
London open: Stocks edge up ahead of Jackson Hole speeches
London stocks edged higher in early trade on Friday as investors turned their attention to the Jackson Hole symposium in Wyoming, in particular speeches by Federal Reserve chair Jerome Powell and ECB president Christine Lagarde.
Petra Diamonds see prices drop in first tender of new year
South Africa and Tanzania-focused diamond miner Petra Diamonds generated $79. 3m in sales from its first tender of the new calendar year, but gave a cautious outlook for pricing going forward.
UK's Ofgem lowers price cap by 7%, but consumers still face high bills
Britain's energy regulator has lowered the price cap on household bills by about 7% as wholesale prices continue to fall, but customers will still face a tough winter and high bills with no government support.
Germany exits recession, but outlook looks gloomy
Germany's economy flatlined in the second quarter of 2023, according to new data released on Friday which was unrevised from preliminary estimates.
Legal firm DWF sees longer billing times eat into profits
Legal and business services group DWF, which last month agreed a takeover deal with private equity firm Inflexion, said adjusted profits edged higher in the year to 30 April, but noted a "challenging environment" in the new financial year.
London pre-open: Stocks to nudge down ahead of Powell, Lagarde speeches
London stocks were set to nudge lower at the open on Friday as investors eyed speeches by Federal Reserve chair Jerome Powell and ECB president Christine Lagarde at the Jackson Hole symposium in Wyoming.
CMC Markets lowers expectations, DWF profits edge higher
London open The FTSE 100 is expected to open seven points lower on Friday, having closed up 0. 18% on Thursday at 7,333. 63.
Friday newspaper round-up: Elliott Management, John Lewis, Specsavers
The US hedge fund and notorious activist investor Elliott Management paid its 124 UK staff a combined £160m last year, after a 10% rise in annual profits. The pay pot is higher than the £137m shared by employees the previous year, and comes after its UK operation, Elliott Advisors UK, reported pre-tax profits up by a tenth to £10m. Turnover for the firm, which made headlines after throwing its hat into the ring to buy Manchester United earlier this year, rose 16% to £225m.