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Telefonica wins bidding offer to acquire Brazilian's Vivendi unit

Thu, 28 August 2014

Multinational telecommunications company Vivendi decided on Thursday to enter exclusive negotiations with Spain's Telefonica to sell its Brazilian unit GVT, rejecting Telecom Italia's alternative offe... [more]


Microsoft CEO to visit China in the wake of antitrust investigation

Thu, 28 August 2014

Satya Nadella, Microsoft's chief executive (CEO), will visit China in late September, after the company came under investigation by the Chinese government. As Beijing looks to enforce a 2008 anti-mon... [more]


Friday preview: Bwin and Perform issuing half-time scores

Thu, 28 August 2014

Continuing a sporting week of Champions League and League Cup football and England-India cricket, a pair of FTSE 250 sport-related companies are due to run in their half-time numbers on Friday: Perfor... [more]


BT faces accusations over alleged contribution to US drone strikes

Thu, 28 August 2014

The government is facing a demand to investigate BT Group on claims that the company has helped the US to conduct drone strikes against Yemen and Somalia, although BT denied the accusations. Human ri... [more]


Unite Group pre-tax profit increases in first half

Thu, 28 August 2014

Unite Group, a UK developer and manager of student accommodation, reported first half pre-tax profit of £44.6m, a £7.1m increase year-on-year. Revenue rose from £47.6m to £57.9m, ... [more]

Soco International says lower production hits H1 profit

Thu, 28 August 2014

Oil & gas group Soco International's shares fell on Thursday after reporting a 24% drop in first-half net profit to $79.8m. The firm said oil and gas revenue was hit by lower production resulting... [more]

Redrow's deputy chairman to step down

Thu, 28 August 2014

British residential developer Redrow has announced Alan Jackson, the company's deputy chairman and senior non-executive director will step down on 1 September. From that date, Debbie Hewitt will repl... [more]

Hunting sees revenue and profit grow during first-half

Thu, 28 August 2014

Energy services group Hunting saw its revenue rise by 4.8% in the first-half of the year due to an increase in the number of wells drilled in the US. Revenue was at $687.5m compared to $655.7m same t... [more]

Molins drops on tough markets and order delays

Thu, 28 August 2014

Shares in Molins sank after the cigarette machinery maker said it had taken a hit from tough markets in the Middle East and eastern Europe and delayed orders. The stock dropped 24.5p or 15.4% to 135p... [more]

Ophir Energy slims board to cut costs

Thu, 28 August 2014

West and east African oil & gas explorer Ophir Energy has embarked on a board shake-up as part of a cost-cutting drive. The number of executive directors will fall from three to two, with ex-Chev... [more]

Malaysia Airlines staff tried to contact MH370 when it disappeared

Thu, 28 August 2014

Australian officials have announced that Malaysia Airlines staff tried to contact the crew of missing flight MH370 after it disappeared off the radar on 8 March. Ground staff attempted to get in touc... [more]

Playtech revenues up 21.2%

Thu, 28 August 2014

Gaming software developer Playtech reported first half revenues of €214.4m, a 21.2% increase year-on-year and the company said profit was likely to exceed forecast this year. The company's earn... [more]

Arrow Global boosts H1 profits but sees more regulation

Thu, 28 August 2014

Debt manager and purchaser Arrow Global announced higher half-year profits, but said the industry was facing more regulation. Arrow had a strong first half as adjusted earnings rose 10.6% to £48... [more]

AIG CEO to step down on Saturday

Thu, 28 August 2014

American International Group (AIG) chief executive (CEO) Robert Benmosche said he learned in May that he had between nine and 12 months to live. Benmosche, who is set to step down on Saturday after f... [more]

Funding for Lending declines, but SME lending increases says BBA - UPDATE

Thu, 28 August 2014

The Bank of England's scheme to improve credit to small and medium-sized businesses (SMEs) failed to prevent further declines in lending to the UK's growth engine during the second quarter. However t... [more]

IP Group sees net assets double

Thu, 28 August 2014

Net assets doubled at IP Group, thanks to a £100m capital raising, the acquisition of Fusion IP and a big increase in the value of its portfolio companies. Year-on-year, net assets at the intell... [more]

Stock Spirits first-half profits go down due to alcohol duty changes

Thu, 28 August 2014

Drinks seller Stock Spirits Group saw its revenues drop by 10% in the first-half of the year due to policy changes in Poland and adverse foreign exchange rates hitting its Czech business. Revenue dro... [more]

Afren suspends two more directors during payments investigation

Thu, 28 August 2014

Africa-focused energy group Afren has suspended two associate directors amid suspected unauthorised payments in the firm, which had seen its chief executive and chief operating officer also suspended.... [more]

CSR confirms rumours, rejects approach from Microchip

Thu, 28 August 2014

CSR's stock gained over a third on Thursday after the wireless technology firm confirmed rumours that it had received a takeover offer. The UK chipmaker said it had been approached by American semico... [more]

Office2Office revenue down 4% due to reduced customer demand

Thu, 28 August 2014

Services company Office2office saw its revenue and profit go down in the first-half of the year due to changes in customers buying behaviour. The company's revenue was down 4% at £114.6m compare... [more]

Paddy Power sympathises with John Cleese as profits fall 20%

Thu, 28 August 2014

Irish bookmaker Paddy Power said it intended to restart its buyback programme as it reported a 20% fall on pre-tax profit for first half of the year. The company's pre-tax profit fell to €61.6m... [more]

BP battles blaze at largest US refinery

Thu, 28 August 2014

A fire broke out at BP's largest US refinery on Wednesday night, but the company said the heavy crude facility was still in production. A compressor in one of the refinery's units exploded, according... [more]

Marshalls sees better-than-expected annual profits

Thu, 28 August 2014

Landscaping materials group Marshalls forecasted better-than-expected annual profits amid rising consumer confidence and more work on commercial projects such as London's Crossrail. Marshalls, which ... [more]

GSK to begin testing Ebola vaccine on humans

Thu, 28 August 2014

Glaxosmithkline has been given permission to begin testing its Ebola virus vaccine on humans next week. The drugs giant and its partner on the experimental treatment, the US National Institutes of He... [more]

Hays ahead of schedule for operating profit target

Thu, 28 August 2014

Recruiter Hays reported a 20% rise in full-year operating profits, which put it ahead of its schedule to double the figure by 2018. Strong, broad-based net fee growth was reported in both the UK and ... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
CRH 1,426.00 2.00 16:37
Tullow Oil 731.00 1.39 16:37
BT Group 388.00 1.36 17:03
Morrison (Wm) Supermarkets 186.90 1.36 16:43
Randgold Resources Ltd. 5,005.00 1.30 17:01

FTSE 100 Top Fallers

Name Last Chg.% Time
Hargreaves Lansdown 1,117.00 -4.86 17:07
Rio Tinto 3,209.00 -3.79 17:15
St James's Place 704.00 -3.56 17:05
Anglo American 1,512.50 -3.54 17:07
BHP Billiton 1,891.00 -2.80 17:09