Market Report
Petrel Resources receives 10pc interest in Woodside licensing option
Petrel Resources announced the receipt, after government approval, of a 10% interest in Licensing Option 16/14 on Thursday, which is operated and currently held 100% by Woodside Energy.
Credit card changes to cost lenders up to £1.3bn a year
New rules for credit card lenders will be imposed this week that are designed to save distressed borrowers up to £1. 3bn a year in interest charges.
London midday: Stocks turn lower as caution sets in ahead of Powell; Sky surges
London stocks had reversed earlier gains by midday on Tuesday despite strong earnings from the likes of Persimmon and a counter bid for Sky from Comcast, as traders erred on the side of caution ahead of the first congressional testimony from new Federal Reserve Chair Jerome Powell.
US pre-open: Stocks to edge lower ahead of Powell testimony; Comcast in focus
US futures pointed to a slightly weaker open on Wall Street on Tuesday as jitters set in ahead of the first congressional testimony by new Federal Reserve Chair Jerome Powell.
Secure Property Development offloads nine residential units
AIM-quoted property company Secure Property Development & Investment disposed of nine of its residential units in Romania and Bulgaria for a total gross consideration of just less than €1m, as the company looked to continue upon its strategy of disposing of non-core assets and focus on growing its real estate portfolio in high-yielding countries such as Romania and Greece. .
Jaywing to acquire Australian marketing firm, announces placing
Digital marketing services provider Jaywing announced a conditional placing to raise up to £1. 3m in order to fund its acquisition of Australian firm Frank Digital.
Fresnillo profit edges up amid record silver production
Precious metals miner Fresnillo reported a small jump in full-year pre-tax profit on Tuesday amid record silver production, but warned that 2018 will be "challenging".
Image Scan expects to turn 'small' interim loss into full year profit
Real-time X-ray imaging business Image Scan said it expected to report a small profit for the full year despite the short-term disruption to trading from a previously announced contract cancellation.
Genedrive awarded 'significant funding' for tuberculosis test development
Molecular diagnostics company Genedrive announced on Tuesday that it had been awarded £1. 1m in funding for development of its Genedrive mTB/RIF tuberculosis test by Innovate UK, a non-departmental public body.
Dotdigital's 'transformational' first half puts firm in line with forecasts
AIM-quoted software-as-a service firm Dotdigital saw revenue jump 25% in a "transformational" first half, as sales through its strategic partner network increased £1. 8m over the previous half and set it on track to meet full-year expectations.
RBS reveals almost all top restructuring managers worked at GRG
Almost all senior employees at Royal Bank of Scotland’s current restructuring business worked at the bank’s notorious Global Restructuring Group before it was replaced, RBS has revealed to MPs.
Swallowfield buys £3m Fish men's grooming brand
Personal care and beauty products developer Swallowfield has acquired men's grooming brand Fish for an upfront cash consideration of £2. 7m.
Drax hikes dividend and unveils buyback as biomass power surges
Drax's underlying profits surged ahead last year and core earnings beat expectations, but the Yorkshire power station reported a swing into a statutory paper loss due to currency hedging.
Next operations director Michael Law to retire
Next said on Tuesday that group operations director, Michael Law, plans to retire in July after 23 years with the retailer.
Europe open: Stocks in waiting pattern ahead of key Fed speech, inflation in focus
Investors are sitting on their hands ahead of a key speech from new US Fed chair Jerome Powell scheduled for later in the day.
Comcast tables hostile bid for Sky, markets wait for Fox/Disney's reaction
US broadcasting giant Comcast has put in a rival $31bn (£22. 1bn) bid to buy Sky, in a direct challenge to Fox and Walt Disney, with markets seemingly expecting that Rupert Murdoch and Disney will be forced to come back to the table with their own revised offers.
BGEO subsidiary opens Ramada Encore hotel in Tbilisi
BGEO Group announced on Tuesday that its real estate subsidiary, m2 Real Estate, has opened a Ramada Encore hotel in Tbilisi - the company's first hotel under an exclusive development agreement with Wyndham.
Jupiter profit rises as AuM, net inflows grow
FTSE 250 asset manager Jupiter Fund Management reported a rise in full-year profit on Tuesday as net inflows and assets under management grew.
Persimmon unveils bumper three-year dividend package
Housebuilder Persimmon pledged to pay out double its previously promised surplus cash via bumper dividends over this and the next two years as it reported profits growth and encouraging recent sales.
James Fisher annual profit boosted by marine support growth
James Fisher & Sons’ annual profit rose 10% fuelled by strong growth at the company's marine support division.