Company News
Wednesday preview: Bank of Canada, German industrial production in focus
Investors' focus in the middle of the week was expected to be on the Bank of Canada.
AB Foods to buy National Milk Records for £48m
Associated British Foods on Tuesday said it was buying dairy technology company National Milk Records for £48m.
Merger and acquisition activity declines in first quarter - ONS
Mergers and acquisitions activity in the first quarter of 2023 experienced a decline compared to the previous quarter, according to data released on Tuesday by the Office for National Statistics (ONS).
Revolut chair in talks with PRA over licence application
The chairman of Revolut is reportedly set to meet financial watchdogs this week in an effort to resolve an impasse over its application for a UK banking licence.
US SEC sues Coinbase a day after Binance
The US Securities and Exchange Commission is suing cryptocurrency exchange Coinbase, accusing it of operating illegally because it failed to register with the regulator.
Director dealings: BAT, Diaceutics execs make investments
Among the list of director buys on Tuesday was British American Tobacco, after its chief executive picked up more than a quarter-of-a-million pounds worth of shares.
Citi trims target price on Diageo
Citi has cut its price target for drinks giant Diageo on weaker US trading.
Frasers Group ups stake in Asos
Mike Ashley’s Frasers Group has lifted its stake in online fashion retailer Asos again.
Ryanair cancels hundreds of flights as French ATC strikes
Ryanair, Europe's largest low-cost airline, was forced to cancel a significant number of flights on Tuesday,as a result of ongoing strike action by air traffic control (ATC) workers in France.
Shell puts retail energy arm up for sale
Shell on Tuesday put its household energy supply business up for sale after poor returns in the UK, Germany and Netherlands.
Dan Bell appointed new group CEO at Team17
Video games developer Team17 announced the appointment of Steve Bell as its new chief executive officer on Tuesday.
CBI calls for members' support at crunch meeting
The scandal-hit Confederation of British Industry called on members for support on Tuesday as a crucial vote got underway in London.
Jubilee Metals enters new partnership over South Africa ops
Jubilee Metals announced a new partnership agreement for its platinum group metals (PGM) and chrome operations in South Africa on Tuesday.
BBC, Boots, BA warned not to pay Russian hackers after payroll data stolen
Firms caught up in the global payroll data hack that included Boots, British Airways and the BBC were on Tuesday warned not to give in to blackmail threats.
UK construction sector gains momentum despite housing drag
The UK construction sector saw an uptick in activity last month, a closely-watched survey showed on Tuesday, although higher interest rates continued to weigh heavily on house building.
SSE fined £10m by Ofgem for overcharging
SSE has been fined nearly £10m by the regulator for overcharging National Grid, in breach of its licence.
Unilever starts search for new chair - report
Unilever has reportedly appointed executive search firm Spencer Stuart to seek a new board chair to replace Nils Andersen.
Chemring hails record order book, shares rally
Chemring posted a drop in interim profit and revenue on Tuesday, but shares surged as it reported a record order book.
Paragon Banking lifts NIM, mortgage lending guidance; shares jump
Paragon Banking lifted its full-year guidance for net interest margin and mortgage lending on Tuesday, and increased its buyback programme, sending shares sharply higher.
Genuit CFO Paul James to step down
Genuit said on Tuesday that chief financial officer Paul James plans to step down after five years in the role to become CFO of a privately-owned company.