Latest News
Berenberg lowers target price on John Wood
Analysts at Berenberg slashed their target price on engineering and consulting business John Wood Group from 150. 0p to 60. 0p on Monday, stating an independent review into its projects business had created "substantial uncertainty".
Europe midday: Shares in lacklustre mood ahead of Nvidia earnings
European shares were in lacklustre mood as investors mulled US President Joe Biden’s decision to lift a ban on Ukraine using American-made long-range missiles to strike Russia.
Polar Capital reports solid first half
Polar Capital reported a strong first-half financial performance on Monday, driven by a 4% increase in assets under management (AuM) to £22. 7bn, up from £21. 9bn at the end of March.
London midday: Stocks touch higher as investors eye Nvidia, UK inflation
London stocks were just a touch firmer by midday on Monday as investors mulled the latest house price research from Rightmove and looked ahead to earnings from Nvidia and the latest UK inflation reading this week.
Boohoo raises £40m amid ongoing spat with Mike Ashley
Troubled fast-fashion retailer Boohoo on Monday confirmed it had managed to raise around £40m in funding to bolster its balance sheet amid a row with major shareholder, Mike Ashley's Frasers Group.
UK consumer sentiment dips as confidence in finances declines
Consumer confidence in the UK edged lower in November, according to the results of a survey from S&P Global on Monday, as falling optimism about job security and a gloomier outlook for household finances weighed on sentiment.
Energy prices expected to rise further in Q1
UK energy prices are expected to rise again in early 2025 to an average £1,736 per household, according to energy consultants Cornwall Insight.
IP Group's AMSL Aero electric aircraft hails maiden flight
Australia’s AMSL Aero, a portfolio company of UK science and innovation investor IP Group, on Monday said its Vertiia electric vertical take-off and landing aircraft (eVTOL) had completed its first untethered flights.
Tesla shares surge as Trump looks to establish Federal framework for fully self-driving cars
Shares in electric carmaker Tesla surged ahead of the bell on Monday following news that president-elect Donald Trump would look to establish a federal framework for fully self-driving vehicles and make it the Department of Transportation's priority number one.
Asia report: Markets mixed ahead of key regional data
Markets across the Asia-Pacific region posted mixed performances on Monday as investors braced for a week of critical economic data.
Melrose shares take off as aftermarket work boosts revenues
Shares in Melrose spiked on Monday as the UK aerospace company reported a rise in revenues driven by aftermarket demand in its engines division, particularly in defence.
HSBC to sack hundreds of managers in shake-up - report
HSBC Holdings has reportedly asked hundreds of managers to reapply for jobs in the firm’s newly-formed corporate and institutional banking division as chief executive Georges Elhedery continues his hunt for ways to make the bank run more efficiently.
MediaZest completes installation of 'proof of concept' project
Audio-visual solutions provider MediaZest said on Monday that it has completed installation for an initial "proof of concept" project to supply digital currency boards in 50 UK Post Office branches.
TruFin turns EBITDA positive, FY revenues surge
Financial services firm TruFin said on Monday that full-year revenues were expected to be "significantly ahead of market expectations", driven by a "strong performance" from both the console and mobile divisions of Playstack.
Supermarket Income REIT acquires Sainsbury's in Huddersfield
Supermarket Income REIT has acquired a Sainsbury's omnichannel supermarket in Huddersfield for £49. 7m, it announced on Monday, representing a net initial yield of 7. 6%.
Petrofac extends forbearance deal on senior secured notes
Petrofac announced an extension of its forbearance agreement regarding the non-payment of interest coupons on its senior secured notes on Monday.
Cerillion beats forecasts with double-digit profit growth
Software group Cerillion delivered an impressive set of annual results on Monday, with double-digit growth across the board nd record profits supporting a 17% increase in its total dividend.
IQE launches strategic review as FY revenues set to be flat
IQE said on Monday that it was launching a strategic review of its assets and considering a sale of its Taiwanese division, as it warned that revenue for the full year was set to be flat amid "weak" consumer demand in end markets.
FDM says full year to be in line with expectations
FDM Group said on Monday that its full-year performance was set to be in line with its expectations, despite continuing market uncertainty.
Europe open: Shares subdued as investors mull Biden call on Ukraine weapons
European shares made a subdued start to the week as investors mulled US President Joe Biden’s decision to lift a ban on Ukraine using American-made long-range missiles to strike Russia.