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GSK's chairman urged to resign earlier over China bribery scandal

GSK's chairman urged to resign earlier over China bribery scandal

Mon, 01 September 2014

UK pharmaceutical group GlaxoSmithKline (GSK) is facing rebellion from its shareholders as they call for an early departure from chairman Christopher Gent, reports said. Gent has been GSK's chairman ... [more]

Tesco crisis continues as leading shareholder slashes stake

Tesco crisis continues as leading shareholder slashes stake

Mon, 01 September 2014

Pressure is growing on Tesco after one of its leading shareholders admitted it had cut its stake in the supermarket, deeming the retailer as being "too risky". Chicago-based Harris Associates was Tes... [more]

XLMedia acquires gaming company following its IPO's strategy

XLMedia acquires gaming company following its IPO's strategy

Mon, 01 September 2014

Online marketing company XLMedia acquired social gaming ExciteAd Digital Marketing (EDM) as part of its strategy as set out at its initial public offering (IPO) in March. The $19m take-over in cash a... [more]

Neil Woodford cuts position in HSBC, lender runs risk of 'fine inflation'

Neil Woodford cuts position in HSBC, lender runs risk of "fine inflation"

Mon, 01 September 2014

The increasing number of fines in the banking industry is becoming a growing concern for investors, fund manager Neil Woodford said on Monday. Woodford, who started his own business after quitting In... [more]

Shanta Gold sees 'encouraging' results during first half

Shanta Gold sees "encouraging" results during first half

Mon, 01 September 2014

Shanta Gold, a gold production and exploration company, saw its revenue go up after good results in its drilling projects during the first half. While the company said the gold price is expected to r... [more]

Dillistone Group launches latest FileFinder software

Mon, 01 September 2014

Dillistone Group, an AIM-quoted supplier of software to the recruitment industry, has launched FileFinder Anywhere, the next generation of its FileFinder Executive Search Management System. FileFinde... [more]

RAC appoints new chairman

Mon, 01 September 2014

CBI president Sir Michael Rake was appointed as new RAC chairman on Monday, as the roadside breakdown and recovery firm considers plans to go ahead with a potential float this month. Rake, who previo... [more]

Edge Resources delivers record first quarter

Mon, 01 September 2014

The first quarter at North America-focused oil and gas group Edge Resources "couldn't have been better" after quarterly net profits reached a record, helped by higher revenues and improved netbacks. ... [more]

Tuesday preview: UK construction, US manufacturing in focus

Mon, 01 September 2014

On a quiet day for company results, the focus of Tuesday's trading session is likely to be on economic data from the UK and US. The UK construction purchasing managers' index (PMI) for August is sche... [more]

Forbidden Technologies progresses with social video platform

Mon, 01 September 2014

AIM-listed Forbidden Technologies, which has developed cloud video platform Forscene on Monday said the first alpha versions of its new social video platform, "eva", have been released. It explained ... [more]

Bellzone Mining receives £451,000 loan

Mon, 01 September 2014

Bellzone Mining, the Republic of Guinea-focused miner, has announced it will receive $750,000 (£451,000) from China Sonangol International. The payment, received under the loan agreement the two... [more]

WPP subsidiary acquires South African e-commerce tech firm

Mon, 01 September 2014

Aqua, the digital agency majority-owned by FTSE 100-listed WPP, has acquired Applogix, a marketing and e-commerce technology company in South Africa. The firm, which employs around 20 people, provide... [more]

Babcock JV awarded contact to manage nuclear sites

Mon, 01 September 2014

Cavendish Fluor Partnership, a joint venture between Fluor Corporation and Cavendish Nuclear, a subsidiary of Babcock International, has been formally awarded a contract to manage 12 UK nuclear sites.... [more]

Tavistock Investments announces strategic partnership with Novia

Mon, 01 September 2014

Tavistock Investments announced a strategic partnership with Novia, as part of which they have agreed a loan of £750,000. The company also said it will take part in a placing to raise £340,... [more]

ITV shares rise on renewed Liberty Global bid speculation

Mon, 01 September 2014

- Liberty said to be "forming alliances" with ITV shareholders - US group already owns a 6.4% stake - Substantial premium needed, says analyst Shares in ITV were rising strongly on Monday on renewed ... [more]

RM2 appoints new chief financial officer

Mon, 01 September 2014

RM2 International has appointed Jean-François Pierre Blouvac as its new chief financial officer (CFO). Blouvac, who previously worked for L'Oreal, succeeds Ash Mohindra, who served as CFO since ... [more]

Fastjet announces new route between Uganda and Tanzania

Mon, 01 September 2014

The African budget airline Fastjet announced the launch of direct flights between Tanzania and Uganda on Monday. The company said that since Air Uganda ceased flying, other carriers have slightly inc... [more]

ECR channel sampling delivers "positive results"

Mon, 01 September 2014

ECR Minerals, the Britain-based mineral exploration and development company, said its channel sampling at Itogon Gold Project delivered positive results. The assay results from the third phase of cha... [more]

Vertu Motors acquires Fiat, Jeep and Alfa Romeo representation in Newcastle

Mon, 01 September 2014

British automotive retailer Vertu Motors has confirmed it is trading in line with market expectations, courtesy of some new acquisitions. Last week the group opened a new Fiat brand centre in a recen... [more]

Leni Gas & Oil sees "excellent production rates" at drilling field

Mon, 01 September 2014

Leni Gas & Oil (LGO) said on Monday its fifth well at the Goudron Field in Trinidad reached its total depth, giving confidence the company will have "excellent" production rates. Well GY-668 was ... [more]

Great Western Mining submits application to start Target 4 project

Mon, 01 September 2014

Great Western Mining (GWM) has submitted an application to begin drilling on the Target 4 exploration project, which is located on National Forest System lands administered by the United States Forest... [more]

Red Rock Resources part-owned mine beats production target

Mon, 01 September 2014

Red Rock Resources on Monday reported that Jupiter Mines's Tshipi Borwa Manganese mine, in which it holds a 1.2% stake, achieved above-target production of 1.1m tons of manganese in its first year of ... [more]

Savannah Resources unveils "encouraging results" in Oman

Mon, 01 September 2014

Savannah Resources, the Mali-focused mining and explorer, has said a re-process airborne survey of its copper project in Oman delivered encouraging results. The company said eight "priority one" targ... [more]

International Ferro Metals receives more chrome concentrate than expected

Mon, 01 September 2014

International Ferro Metals said on Monday that as part of its supply agreement with Anglo Platinum, it last month received 20,000 tonnes of upper group two (UG2) chrome concentrate, ahead of its expec... [more]

Seeing Machines partners with TK Holdings

Mon, 01 September 2014

Technology company Seeing Machines announced a 15-year strategic alliance with TK Holdings, the US subsidiary of its existing partner, Takata. The two companies have been working together for the pas... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
ITV 218.70 3.55 17:09
Marks & Spencer Group 441.00 2.58 16:35
BAE Systems 456.00 2.45 17:05
Kingfisher 308.60 1.61 16:41
BG Group 1,217.00 1.29 17:01

FTSE 100 Top Fallers

Name Last Chg.% Time
Morrison (Wm) Supermarkets 173.50 -2.25 17:09
Mondi 1,012.00 -2.03 16:37
Tesco 225.55 -1.91 17:07
Shire Plc 4,864.00 -1.20 17:07
GlaxoSmithKline 1,460.00 -0.98 16:57