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GCP Infrastructure Investments posts rise in first-half profit

GCP Infrastructure Investments posts rise in first-half profit

Fri, 22 May 2015

GCP Infrastructure Investments reported a 17% rise in first-half net profit on Friday. The company posted a profit of £22.1m for the period, up from £18.9m last year, driven by growth of the investmen... [more]

Aseana Properties proposes winding up by 2018

Aseana Properties proposes winding up by 2018

Fri, 22 May 2015

Malaysia- and Vietnam-focused property developer Aseana Properties has recommended shareholders to vote against a resolution to immediately cease trading and has instead proposed to slowly sell off it... [more]

Amur Minerals soars on Kun Manie production license approval

Amur Minerals soars on Kun Manie production license approval

Fri, 22 May 2015

Shares in exploration and development company Amur Minerals rose a whopping 76% on Friday after the company said that Russian Prime Minister Dmitry Medvedev has approved its production license for the... [more]

Liberum reiterates Plus500 'buy' in face of short selling attack

Liberum reiterates Plus500 'buy' in face of short selling attack

Fri, 22 May 2015

After shares in online forex and CFDs provider Plus500 bombed 66.6% over the week, Liberum has reiterated a 'buy' rating on its client's shares, arguing the company's regulatory issues were rapidly be... [more]

Mandarin Oriental and Olayan Group snap up Madrid's Hotel Ritz

Mandarin Oriental and Olayan Group snap up Madrid's Hotel Ritz

Fri, 22 May 2015

Mandarin Oriental and Saudi Arabian multinational The Olayan Group have bought the Hotel Ritz, Madrid in a joint venture worth €130m. Each will hold a 50% stake in the venture, having acquired al... [more]

Apax Global Alpha to raise €250m in London listing

Fri, 22 May 2015

Investment trust Apax Global Alpha is looking to raise €250m in a flotation on the London Stock Exchange. Apax plans to raise the funds by way of a placing, offer for subscription and intermediar... [more]

Empiric Student Property acquires £5.1m Durham flats

Fri, 22 May 2015

Empiric Student Property has acquired the freehold on a block of flats in Durham for £5.1m. The St Margaret's Flat building, built in 1994 with strong links to the University of Durham, will open its ... [more]

Norman Broadbent posts wider pre-tax loss for 2014, but back to profitability in 1Q

Fri, 22 May 2015

Recruitment company Norman Broadbent reported a rise in pre-tax losses to £1.56m in 2014 from £1.15m, saying the results reflect start-up losses in emerging businesses and the exceptional costs associ... [more]

Nationwide profit rises; CEO to step down next year

Fri, 22 May 2015

Building society Nationwide posted a 32% % rise in underlying annual profit in the year to April 2015, as it regained its position as the UK's second largest saving and mortgage provider. Nationwide s... [more]

Plus500 suspended after shares hit by US hedge fund Cable Car Capital short position

Fri, 22 May 2015

Shares in online retail-focused broker Plus500 were suspended on Friday after falling by more than a third on the day and around 70% over the week due to speculation about regulatory issues and after ... [more]

Quindell given FCA approval for Slater & Gordon deal

Fri, 22 May 2015

Quindell has received the final regulatory go-ahead to complete the sale of its professional services division to Australian law-firm, Slater & Gordon in a deal worth £700m. Approval for the deal has ... [more]

WPP's Always buys Singapore marketing company 3ree

Fri, 22 May 2015

WPP's China-based marketing company Always Marketing Services has agreed to buy Singapore's 3ree, the advertising group announced on Friday. WPP said the acquisition of 3ree, which offers event manage... [more]

Corac to change name to TP Group

Fri, 22 May 2015

Shareholders of Corac Group have voted in favour of the AIM-listed industrial engineer changing its name to TP Group, the company announced on Friday. The resolution was approved by shareholders at an... [more]

Segro buys Italy's Vailog for £28.1m

Fri, 22 May 2015

UK property and investment company Segro said on Friday that it has exchanged contracts to acquire 90% of Vailog Srl from its majority shareholder FBH Spa for £28.1m, subject to completion adjustments... [more]

Eland Oil & Gas halves losses after first oil sale in 2014

Fri, 22 May 2015

Eland Oil & Gas, the exploration and production group focused on West Africa, halved its annual losses in 2014 and gave a confident outlook despite a tough operating climate within the oil industry. T... [more]

Severn Trent's full-year profit drops

Fri, 22 May 2015

London-listed water company Severn Trent posted a 53.5% drop in full-year pre-tax profit, pointing to a fair value loss on financial instruments, largely due to lower expectations for future interest ... [more]

Close Brothers benefits from renewed investor risk appetite and property loan demand

Fri, 22 May 2015

Merchant bank Close Brothers enjoyed a good third quarter's trading as investor risk appetite returned and its core banking division booked a solid performance. Demand for property, asset finance and ... [more]

HSBC considering sale of Brazilian unit

Fri, 22 May 2015

HSBC has confirmed speculation that it is looking at a possible disposal of its Brazilian operations, though it has not yet made a decision. In a short statement on Friday morning, the global banking ... [more]

Whitbread poaches new CEO Alison Brittain from Lloyds

Fri, 22 May 2015

Costa coffee shops and Premier Inns hotels owner Whitbread has appointed Alison Brittain, current head of Lloyds's high street banking division, as its new chief executive. Career banker Brittain, who... [more]

Tesco could reclaim former chief executive's £1.2m pay-off

Thu, 21 May 2015

Tesco has confirmed that it will look to recover former chief executive Philip Clarke's £1.2m pay-off if new evidence proves he the supermarket guilty of gross misconduct under his leadership. In its ... [more]

Dragon Oil receives 735p takeover bid from Dubai's ENOC

Thu, 21 May 2015

Dubai's national oil company, Emirates National Oil Company (ENOC), has agreed to acquire London and Ireland-listed Dragon Oil for £3.6bn. ENOC, which made an initial approach for the Turkmenistan-foc... [more]

Friday preview: US expected to fall further into deflation in April

Thu, 21 May 2015

The US may have moved further into deflation in April compared to a year ago, according to forecasts ahead of data on Friday. The consumer price index is expected to drop 0.2% year-on-year in April, c... [more]

CVS to take over Omnicare in $12.7bn deal

Thu, 21 May 2015

CVS Health Corporation, the US-listed drugstore giant, is to buy healthcare group Omnicare for $98 per share in cash, valuing the nursing home and pharmacy services company at $10.4bn. The total enter... [more]

Croda International spikes on bid chatter

Thu, 21 May 2015

Shares in Croda International were inflated by bid speculation on Thursday with more than 0.25m shares in the chemicals group traded in a half-hour period. Reuters reported that "multiple traders" had... [more]

Ofgem launches investigation into Alkane and others over National Grid auction

Thu, 21 May 2015

The UK energy regulator Ofgem has begun an investigation into five companies, including listed Alkane Energy, over concerns they "provided false or misleading information about planning consents" when... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Expedia Inc. 113.00 6.71 22:10
NetApp Inc. 33.14 4.31 22:10
Intuit Inc. 106.76 2.50 22:10
Analog Devices Inc. 67.10 2.45 22:10
Avago Technologies Ltd. 132.64 2.35 22:10

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Ross Stores Inc. 97.03 -4.45 22:09
Autodesk Inc. 56.39 -1.95 22:10
Dollar Tree Inc 77.18 -1.91 22:10
Charter Communications Inc. 175.33 -1.86 21:41
Wynn Resorts Ltd. 106.54 -1.44 21:55