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Lloyds reportedly reshuffles senior jobs ahead of strategic update

Lloyds reportedly reshuffles senior jobs ahead of strategic update

Fri, 20 January 2017

(ShareCast News) - Lloyds Banking Group has reportedly reshuffled executives ahead of a strategy review this year. The reshuffle, by chief executive Antonio Horta-Osorio, will result in creating a new... [more]

BT to hike broadband prices by more than triple CPI inflation

BT to hike broadband prices by more than triple CPI inflation

Fri, 20 January 2017

(ShareCast News) - BT Group is to hike its broadband prices by more than triple the amount of inflation. It would also charge more for calls and some TV packages. Customers on standard copper broadban... [more]

Small caps news round-up

Small caps news round-up

Fri, 20 January 2017

(ShareCast News) - Elecosoft posted a trading statement for the year to 31 December on Friday, claiming that based on unaudited management accounts, the board expects profit before tax will be signifi... [more]

Acal acquires Variohm, proposes placing, says Q3 trading steady

Acal acquires Variohm, proposes placing, says Q3 trading steady

Fri, 20 January 2017

(ShareCast News) - Acal has confirmed the acquisition of Variohm Holdings Ltd and a proposed placing to raise about £14.1m gross at 220p a share. Acal -- an international supplier of customised electr... [more]

Elecosoft anticipating bumper profit for 2016

Elecosoft anticipating bumper profit for 2016

Fri, 20 January 2017

(ShareCast News) - Elecosoft posted a trading statement for the year to 31 December on Friday, claiming that based on unaudited management accounts, the board expects profit before tax will be signifi... [more]

Procter & Gamble beats on Q2 earnings report after shedding unprofitable brands

Fri, 20 January 2017

(ShareCast News) - Procter & Gamble, the US company behind brands such as Head and Shoulders shampoo and Gillette shaving equipment, reported better-than-expected quarterly net income and revenue on F... [more]

HSBC said to cut 100 senior jobs in investment banking

Fri, 20 January 2017

(ShareCast News) - HSBC has reportedly begun cutting around 100 senior jobs this week in its investment banking division worldwide. According to sources cited by Reuters, the cuts are taking place at ... [more]

Sterling Energy appoints chairman, two directors

Fri, 20 January 2017

(ShareCast News) - Oil and gas exploration company Sterling Energy has named Michael Kroupeev as non-executive chairman, with immediate effect. It also confirmed that Leo Koot would become senior inde... [more]

Record hikes AUME to $56.6bn at end-December 2016

Fri, 20 January 2017

(ShareCast News) - Specialist currency manager Record has hiked its assets under management equivalents (AUME) to $56.6bn at 31 December 2016, from $55.0 three months earlier. Chief executive James Wo... [more]

Uber agrees 20m settlement after allegedly misleading drivers

Fri, 20 January 2017

(ShareCast News) - Ride-hailing service Uber has agreed to pay $20m to settle a legal complaint involving its drivers in the United States, after it was alleged to have made false promises to its driv... [more]

Golden Saint makes good progress at Baja and Tongo

Fri, 20 January 2017

(ShareCast News) - West Africa-focused diamond and gold exploration company Golden Saint Resources provided the market with operational updates on Friday, relating to two of its exploration licence ar... [more]

Tracsis issues 24k shares to employees

Fri, 20 January 2017

(ShareCast News) - Tracsis confirmed on Friday that, following the receipt of a notice of exercise of employee options, it has issued 24,428 ordinary shares of 0.4p each. The AIM-traded firm said appl... [more]

Brexit, Trump victory did not discourage European IPOs, says Mergermarket

Fri, 20 January 2017

(ShareCast News) - The Brexit vote and Donald Trump's surprise US election victory did not discourage initial public offerings in Europe for long, according to analysts at Mergermarket, as several lar... [more]

Servoca buys back 100k shares

Fri, 20 January 2017

(ShareCast News) - Specialist outsourcing and recruitment solutions provider Servoca announced on Friday that on 18 January, it bought back 100,000 ordinary shares of 1p each in the capital of the gro... [more]

Biome Technologies revenue falls slightly in 2016

Fri, 20 January 2017

(ShareCast News) - Biome Technologies issued its pre-close trading statement for the financial year to 31 December 2016 on Friday, reporting group revenues of £4.6m, slightly behind the 2015 revenues ... [more]

General Electric earnings and revenue fall year-on-year

Fri, 20 January 2017

(ShareCast News) - Industrial giant General Electric saw a fall in profits and revenue during the final quarter of 2016, but reached analysts' expectations for its earnings per share. Shares in the co... [more]

HSBC to pay £4m in redress for overcharging customers in arrears

Fri, 20 January 2017

(ShareCast News) - HSBC has voluntarily agreed to pay £4m in redress to customers who were overcharged when they fell into arrears after buying goods on credit. The Financial Conduct Authority said th... [more]

Abzena signs licensing agreement for 'ThioBridge' technology

Fri, 20 January 2017

(ShareCast News) - Life sciences group Abzena announced on Friday that it has signed a licensing agreement with an unnamed San Diego-based biopharmaceutical company for its site-specific 'ThioBridge' ... [more]

Character Group warns H1 results will be lower, but remains confident for the full year

Fri, 20 January 2017

(ShareCast News) - Toy company Character Group, which brands include Peppa Pig, Fireman Sam and Scooby Doo, warned that results for the first of 2017 would be lower than last year due to steps taken t... [more]

Avacta expects licensing deal for therapeutics product in 2017, order book swells

Fri, 20 January 2017

(ShareCast News) - Life science firm Avacta expects to have its first licensing deal for Affirmer, its biotherapeutics product, this year as its order book swelled. In an update for the six months end... [more]

Argon bankruptcy still causing headaches for Ranger Direct

Fri, 20 January 2017

(ShareCast News) - Ranger Direct updated the market on Friday, on the status of its platform agreement with the now-bankrupt online lender Argon. The London-listed firm had announced on 22 December th... [more]

Heineken in talks with Kirin to buy Brazil business

Fri, 20 January 2017

(ShareCast News) - Dutch brewer Heineken confirmed it is currently in discussions with Kirin Holdings about a potential acquisition of its Brazilian beer business. "These discussions are ongoing and t... [more]

Aviva to develop digital insurance company with Hillhouse, Tencent

Fri, 20 January 2017

(ShareCast News) - FTSE 100 insurer Aviva has agreed to develop an insurance company in Hong Kong focusing on digital insurance with Hillhouse Capital and Tencent Holdings. As part of the agreement, H... [more]

MySale's half-year earnings double as customer base expands

Fri, 20 January 2017

(ShareCast News) - Australian online retailer MySale Group's half-year earnings doubled after a surge in revenues as its company base expanded. The AIM-listed company said that having increased its gu... [more]

Elecosoft's pre-tax to be 'significantly' ahead of expectations after record sales

Fri, 20 January 2017

(ShareCast News) - Shares surged in Elecosoft after the construction software company said that it expects pre-tax profit to be "significantly" ahead of expectations after achieving record sales durin... [more]