Company News
BT Italian accounting scam had connection to London
A criminal investigation over accounting fraud carried out inside British Telecom’s Italian branch has revealed the scam was linked to senior executives in London.
Wednesday preview: US results, CRH in focus
The focus on Wednesday will continue to be on the avalanche of quarterly reports scheduled for release in the States.
Rustranscom delays IPO following approaches from private equity
Rustranscom on Tuesday confirmed that it has postponed a planned initial public offering on the London Stock Exchange in favour of a private equity transaction.
Tern portfolio company scores medical partnership with Wipro
Tern PLC's shares climbed on Tuesday after its 56. 8% owned subsidiary Device Authority (DA) joined a new strategic partnership and joint customer collaboration with IT, consulting and business services specialists Wipro Limited.
Majestic Wine said to explore sale of UK retail and commercial operations
Majestic Wine was said on Tuesday to be exploring a sale of its entire UK retail portfolio as it shifts its focus to the online business, Naked Wines.
Three AIM firms celebrate Queen's Award for Enterprise wins
Three firms trading on London’s AIM market were celebrating wins in the Queen’s Award for Enterprise on Tuesday, with Inspiration Healthcare, Ergomed and Oxford BioDynamics all picking up the accolades.
Active Energy gets $0.5m grant for North Carolina site
Renewable energy business Active Energy announced on Tuesday that it had been awarded a $0. 5m building re-use and renovation grant for its new manufacturing site in Lumberton, North Carolina.
Bezant gets conditional option to acquire 50pc of Zambia's Buffalo project
Copper-gold exploration and development company Bezant Resources has entered into a binding memorandum of agreement with KPZ International, it announced on Tuesday, granting it a conditional option to acquire a 50% interest in small-scale copper mining licence 15164-HQ-SML in the Republic of Zambia, which contains the Buffalo exploration project.
Ovoca Bio's IVIX ropes in Biorasi for development of 'Libicore' drug candidate
Ovoca Bio announced on Tuesday that its subsidiary IVIX has begun the process of preparing an integrated clinical development plan for its investigational drug candidate, ‘Libicore’ (BP-101), for both the US and EU regions with US-based contract research organisation Biorasi.
Tau Capital shares suspended as firm fails to come up with reverse takeover
Tau Capital confirmed on Tuesday that trading in its ordinary shares on AIM was suspended with effect from 0730 BST.
Randall & Quilter gets regulatory clearance for US acquisition
Randall & Quilter's US subsidiary has been given US regulatory clearance for the acquisition of Global US Holdings, the parent of Global Reinsurance Corporate of America, a New York-based reinsurance company in run-off.
German renewables investor sets sights on LSE for market listing
German investor Aquila is considering the London Stock Exchange as a potential venue for a market listing of its renewable energy fund within the next two months.
State Street sees income fall on lower fee revenues
US financial services firm State Street Corporation saw its profits slide during the first quarter, as fee revenues shrank.
Berenberg initiates coverage of 'growth stock' Man Group at 'buy'
Berenberg has initiated coverage of Man Group shares with a ‘buy’ recommendation, arguing that it is a “compelling growth stock”.
P&G ups full-year guidance as sales of Olay and Tide jump
Procter & Gamble has increased its full-year guidance after strong demand and higher prices helped the consumer goods giant deliver a strong third quarter.
STV Group sees small rise in Q1 ad revenue
STV Group said on Tuesday that it expects to report a small rise in total advertising revenue for the first quarter as it continues to perform in line with expectations and the guidance given at its last trading update in February.
Barclays gears up for showdown with Edward Bramson
Barclays is considering shaking up pay in its investment banking arm, as it looks to fight off activist shareholder Edward Bramson, according to reports.
Twitter Q1 revenue and EPS beat expectations as user numbers grow
Twitter reported growth in first-quarter earnings and revenue on Tuesday as its active user numbers increased.
Upland Resources 'encouraged' by unsolicited approaches
Upstream oil and gas outfit Upland Resources has received several unsolicited approaches from companies looking to pick up a stake in its Tunisian operations.
S4 Capital denies report of Dutch legal battle
S4 Capital, the advertising company of former WPP boss Martin Sorrell, has denied a report over the weekend stating that MediaMonks - the Dutch production it took over last year - is facing a legal battle in Holland.