Market Report
Plutus PowerGen reassures investors over regulatory concerns
Flexible energy generation-focussed power company Plutus PowerGen updated the market on its operations on Tuesday morning, saying its business model remained focussed on the construction of FlexGen projects across the country.
FTSE 100 movers: BA computer meltdown creates turbulence for IAG shares, main index
British Airways owner IAG's turbulent time at the hands of investors helped keep the Footsie in negative territory on Wednesday after the airline's computer meltdown over the weekend raise the prospect of massive compensation payments to thousands of stranded passengers.
BT eyeing pension fund closure alongside various funding options
BT Group is mulling closing its defined-benefit pension scheme to current workers in favour of a cheaper plan.
German consumer prices slow more than expected in May
The cost of living fell back by more than expected in May in the euro area's largest economy, with prices for energy and services retreating by the most.
Petrofac facing possible shareholder claim over bribery allegations
Petrofac is facing a potential legal claim from a litigation-funding specialist based on allegations it misled investors over a bribery and money laundering scandal that has seen its shares lose half their value.
EU Supply upbeat as revenue continues to grow
As investors in e-procurement software-as-a-service provider EU Supply gathered for the company’s annual general meeting on Tuesday morning, David Cutler updated them on revenue growth and trading in the year so far.
CMA opens formal investigation into Tesco's acquisition of Booker
The Competition and Markets Authority has formally opened an investigation into Tesco's proposed acquisition of wholesaler Booker.
Crimson Tide pleased with international progress
Crimson Tide, the provider of the ‘mpro5’ smart mobility as-a-service product, updated the market on progress with its international expansion strategy on Tuesday, which it previously indicated would drive further growth opportunities.
WPP invests in US-based digital content producer 88rising
Advertising giant WPP has made a strategic investment in US-based digital content producer 88rising.
Asia report: Markets mixed on another quiet day
Markets in Asia finished mixed on Tuesday, after a flat Monday on which a number of major indices around the world were closed for public holidays.
London midday: Stocks maintain losses as IAG flies lower; Petrofac news keeps coming
London stocks were still in the red by midday, with IAG under pressure following an IT outage at British Airways that has caused three days of disruptions for passengers.
US pre-open: Stocks seen muted after long weekend
US futures pointed to a muted open on Wall Street as traders return to their desks following the long weekend.
Acacia Mining now a 'binary investment', figures Investec
With shares in Acacia Mining down by more than a third since Tanzania's accusation that the company is grossly underreporting the value of its gold exports, Investec said the company was more of a "binary investment" as it "may not be dealing with a rational administration".
Petrofac extends revolving credit facility
Petrofac said on Tuesday that its lenders have agreed to extend $1bn of its $1. 2bn revolving credit facility from 2 June 2020 to 2 June 2021 following an extension request issued earlier this month.
Bluejay reports solid progress at Pituffik
Greenland and Finland-focussed Bluejay Mining announced the completion of the public pre-consultation phase of the permitting process for the Pituffik Titanium Project in Greenland on Tuesday.
BHP Billiton, Rio Tinto to quiz WA government after tax furore
BHP Billiton and Rio Tinto have begun to seek clarification on Western Australia's proposed up-front iron ore tax with which regional premier Mark McGowan hopes to raise "billions of dollars" for the cash-strapped state.
Magnolia keen to participate in Marathon North Dakota drilling
US-focussed oil and gas exploration and production company Magnolia Petroleum announced on Tuesday that it received proposals to participate alongside Marathon Oil in the drilling of six low risk, high impact wells to the Bakken and Three Forks Sanish formations in North Dakota.
Applegreen dispenses positive start to year
Ireland-focussed petrol forecourt retailer Applegreen updated the market on its current trading at its annual general meeting on Monday, confirming that it had a “positive start” to the 2017 financial year - both in terms of trading, and in the development of the business.
IAG shares sink after long weekend computer failure
Shares in International Consolidated Airlines Group (IAG) dropped sharply after London market's opened after a long weekend where the meltdown of British Airways' computer systems left 75,000 holidaymakers stranded in airports and the airline facing a chunky compensation bill.
Allied Minds makes CEO appointment permanent
Allied Minds, the life-science and technology intellectual property investor, has made Jill Smith's appointment as chief executive permanent, having hired her on an interim basis in March.