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Eservglobal boosts orders and annual profits

Eservglobal boosts orders and annual profits

Fri, 19 December 2014

Eservglobal, which provides mobile financial services to emerging markets, reported higher orders and annual profits and said it was confident about prospects. The group said it had a backlog of work ... [more]

United Carpets rolls out higher half-year profits

United Carpets rolls out higher half-year profits

Fri, 19 December 2014

People have been buying more carpets as the British housing market recovered, helping floor covering retailer United Carpets to roll out higher profits. United Carpets said it had been helped partly b... [more]

IPF to buy MCB Finance for £24m

IPF to buy MCB Finance for £24m

Fri, 19 December 2014

International home credit business provider International Personal Finance (IPF) is buying Baltic credit supplier MCB Finance Group for about £24m in an agreed deal. MCB Finance is an online provider ... [more]

SSE falls short of target in power generation bid

SSE falls short of target in power generation bid

Fri, 19 December 2014

Power generator and retailer SSE has not won all the generation business it wanted in a UK energy generation capacity auction. SSE said it had secured agreements to supply 4,409 megawatts of power fro... [more]

Blinkx buys Adkarma for up to $20m

Blinkx buys Adkarma for up to $20m

Fri, 19 December 2014

Internet service Blinkx is buying video supplier Adkarma for up to $20m to boost its presence in the digital video advertising market. Blinkx said it would use its cash reserves to fund an initial con... [more]

Berendsen underlying revenue up 3% from 2013

Fri, 19 December 2014

Textile service company Berendsen said that underlying revenue, at constant exchange rates, for the 11 months ended 30 November rose 3% year-on-year. The group said reported revenue for the Group busi... [more]

Fitbug wins contracts with Amazon and US retailers

Fri, 19 December 2014

Health monitoring gadget supplier Fitbug Holdings has won more contracts with major retailers. Fitbug, whose shares soared when it won a contract with supermarket group Sainbury's earlier this year, s... [more]

Carillion wins £100m contract for King's Cross redevelopment

Fri, 19 December 2014

Construction and support services group Carillion has been selected by Argent as the preferred bidder to deliver three new buildings at the King's Cross regeneration project. The combined value of the... [more]

Smiths Group CEO Philip Bowman to retire at end of 2015

Fri, 19 December 2014

Philip Bowman, the long-running boss of Smiths Group, is to step down at the end of next year, the technology company revealed on Friday. Smiths said that Bowman has given the board "early notificatio... [more]

Police clear Serco of wrongdoing on prisoner escort contract

Fri, 19 December 2014

Support services group Serco said on Friday that police and prosecutors would not be bringing charges against the company in relation to a probe into its UK government contract to move prisoners from ... [more]

RIT Capital agrees deal to acquire GVOIM

Fri, 19 December 2014

Investment trust RIT Capital Partners has agreed a deal to acquire GVO Investment Management Limited (GVOIM) from Hansa Aktiengesellschaft for an undisclosed sum. GVOIM currently manages the GVO UK Fo... [more]

British American Tobacco pays $575m to settle legacy asbestos litigation

Fri, 19 December 2014

British American Tobacco (BAT) is to pay out $575m to settle a legacy litigation case with a company involved in the production and sale of asbestos-containing products in the 1980s. BAT said on Frida... [more]

UBM seals £599m Advanstar deal

Fri, 19 December 2014

Marketing and communication group UBM has completed the acquisition of US-based VSS-AHC Consolidated Holdings for £599m. The group said that by purchasing the American firm, also known as Advanstar Co... [more]

Friday preview: GfK releases reports on UK and German consumer confidence

Thu, 18 December 2014

UK and German consumer confidence may have risen slightly, GfK is expected to reveal in separate reports scheduled for release on Friday. GfK's index on UK consumer confidence is forecast to rise to -... [more]

Armour Group faces takeover bid from investor

Thu, 18 December 2014

Armour Group is facing a takeover after an investment vehicle increased its stake in the audio and electronics investor to more than 46%. Armour said Hawk Investment Holdings, involving Bob Morton and... [more]

Snacktime unveils wider losses but voices confidence

Thu, 18 December 2014

Vending machine and water cooler supplier Snacktime served up lower half-year turnover and wider operating losses, but said a new majority shareholder would help it to enter the cashless payment marke... [more]

Aer Lingus rejects takeover bid from IAG

Thu, 18 December 2014

British Airways and Iberia owner International Airlines Group (IAG) has made a takeover bid for Aer Lingus, IAG said in a statement on Thursday, although the Irish flag carrier rejected it. IAG, led b... [more]

GSK shareholders approve Novartis deal

Thu, 18 December 2014

British drug-maker GlaxoSmithKline said its shareholders have given the green light to a deal with Swiss firm Novartis, which will see the two groups trade over £12.7bn of assets. The agreement, which... [more]

British Polythene Industries sees lower costs in early 2015

Thu, 18 December 2014

Plastics maker British Polythene Industries (BPI) unveiled upbeat news on costs as it voiced confidence about hitting annual targets. BPI, which makes plastic packaging for products ranging from food ... [more]

Real Good Food H1 revenues affected by falling sugar prices

Thu, 18 December 2014

Real Good Food saw its profits turn into losses during the first half of the year due to a pricing dispute with British Sugar and a drop in sugar prices. The food business, which distributes sugar in... [more]

Schroder Real Estate Investment Trust buys half of University of Law campus

Thu, 18 December 2014

Schroder Real Estate Investment Trust has completed the acquisition of a 50% stake in the University of Law campus in London's Bloomsbury for £34m. Schroder UK Property Fund purchased the rest of the ... [more]

Mosman Oil & Gas says New Zealand tests fail to find big oil

Thu, 18 December 2014

Mosman Oil & Gas reported downbeat news from one of its projects but insisted that it still believed its bid to merge with Australian oil and gas explorer MEO Australia would succeed despite a rival b... [more]

Severfield wins £43m of contracts including Liverpool FC deal

Thu, 18 December 2014

Structural steel group Severfield has won six contracts worth £43m including a deal from Liverpool Football Club. Severfield said it had been appointed as the steelwork contractor to expand the main... [more]

Snapchat chief "devastated" by leak of three-year business plan

Thu, 18 December 2014

The chief executive of photo-sharing service Snapchat said he feels "angry" and "devastated" about the leak of his business plans. Emails containing secret information about acquisitions made by Snapc... [more]

North Sea oil industry "on the brink of collapse" - oil boss

Thu, 18 December 2014

The fall in oil prices has pushed the UK's oil industry into a state of crisis, according to a senior industry leader. Oil companies are cutting staff and investment in a bid to save money, after it w... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Tullow Oil 425.60 6.85 16:43
Tesco 185.40 5.46 16:55
Randgold Resources Ltd. 4,431.00 4.41 17:03
Morrison (Wm) Supermarkets 176.20 3.65 17:03
BHP Billiton 1,377.50 3.57 17:02

FTSE 100 Top Fallers

Name Last Chg.% Time
TUI AG Reg Shs (Post- 16/12/14)(DI) 1,073.00 -3.25 17:01
SSE 1,624.00 -1.46 17:02
Smiths Group 1,072.00 -1.29 17:03
Sky 891.00 -1.22 16:43
Shire Plc 4,629.00 -1.13 17:15