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Press Round Up News

Press round up

Wednesday newspaper round-up: Greece, Ocado, Heathrow runway

Wednesday newspaper round-up: Greece, Ocado, Heathrow runway

Wed, 01 July 2015

Greece has officially defaulted on its €1.6bn debt repayment to the IMF, making it the first ever developed economy not to pay back the IMF, The Telegraph reports. Ocado boss Tim Steiner has said... [more]

Tuesday newspaper round-up: Greece, Rio Tinto, UK consumer confidence

Tuesday newspaper round-up: Greece, Rio Tinto, UK consumer confidence

Tue, 30 June 2015

European Council president Donald Tusk sent a letter to Greek prime minister Alexis Tsipras late on Monday, denying the latter's request for reconsidering a bailout extension, reports the Financial Ti... [more]

KKR settles with US regulators after 'broken deal' allegations

KKR settles with US regulators after 'broken deal' allegations

Mon, 29 June 2015

Private equity firm KKR has agreed to pay the US Securities and Exchange Commission $30m to settle allegations that it unfairly allocated millions of dollars in costs associated with buyout deals whic... [more]

Polyus Gold becomes first Russian firm to join ICMM

Polyus Gold becomes first Russian firm to join ICMM

Mon, 29 June 2015

The largest gold producer in Russia, Polyus Gold International earned membership to the International Council on Mining and Metals. Polyus Gold said in a statement it is the first Russian company to j... [more]

Transport operator National Express Group confirms two German contracts

Transport operator National Express Group confirms two German contracts

Mon, 29 June 2015

Transport operator National Express Group confirms two more German contracts. National Express Group said it had won two German rail contracts, weeks after being named the preferred bidder. The contr... [more]

Investec affirms 'buy' rating for BTG, confident about varicose vein treatment

Mon, 29 June 2015

Investec reiterated a 'buy' rating and price target of 647p for pharmaceuticals firm BTG after reappraising its key product Varithena. The bank said investors overreacted to concerns over BTG's earnin... [more]

German CPI surprising, BNP Paribus says

Mon, 29 June 2015

A drop in the German consumer price index for June was surprising, BNP Paribas said on Monday. Germany' CPI fell 0.1% from the month prior, taking the year-on-year rate of inflation down from 0.7% to ... [more]

Egdon Resources reaches agreement over Weald Basin farm out

Mon, 29 June 2015

Hydrocarbons explorer Egdon Resources has reached an agreement with UK Oil & Gas Investments for the exploration company's Weald Basin petroleum licence PEDL143. The licence, which is operated by Euro... [more]

New chair for Conister Bank confirmed

Mon, 29 June 2015

Neil Duggan will be the next chairman of Conister Bank, parent company Manx Financial Group said in a statement. Duggan's appointment has passed all regulatory checks, Manx confirmed. Conister Bank's... [more]

Petroceltic shares dip as full year losses widen

Mon, 29 June 2015

Oil and gas explorer Petroceltic posted a $271.9m pre-tax loss on Monday, sending its share price lower. Petroceltic shares were at 104p at 8:51 on Monday, falling by 4.15% off their opening price aft... [more]

3Legs Resources reports £35m loss, changes strategy

Mon, 29 June 2015

Isle of Man-based 3Legs Resources reported a £35m loss and detailed its change in strategy on Monday. The company which focused on oil and gas exploration now classifies itself as an investment firm. ... [more]

Real Estate Investors sells off $9.5m of portfolio

Mon, 29 June 2015

AIM-listed Real Estate Investors announced it sold off three properties to the value of almost $10m. The Birmingham based trust said it sold 85/89 Colmore Row in Birmingham for £7.850m; 770-772 Bristo... [more]

Monday newspaper round-up: Greece, UK banks, Samsung Bioepis

Mon, 29 June 2015

Greece has temporarily shut down its banks and suspended trading on its stock market after the collapse of talks between Athens and its lenders and the ECB's decision to freeze life support for Greek ... [more]

Sunday newspaper round-up: Network Rail, Sky, Channel 4

Sun, 28 June 2015

Network Rail directors have been meeting with government officials to explore the potential quasi-privatisation of the company, the Sunday Times reported. The idea is being considered as a way to fix ... [more]

Shares in Guotai Junan Securities surge on listing

Fri, 26 June 2015

Chinese brokerage Guotai Junan Securities raised $4.8bn in China's biggest initial public offering since 2010. The shares leapt 44% to 28.38 yuan from the initial public offering price of 19.71 yuan, ... [more]

Qantas lashes out at Hong Kong regulators after licence denied

Fri, 26 June 2015

Australian airline Qantas criticised the Hong Kong government after it refused a licence for its budget brand Jetstar following a two-year process. Qantas invested $10m in the island city and entered ... [more]

Asian stocks dragged lower by Chinese markets

Fri, 26 June 2015

Asian stocks fell on Friday, led by China's stocks, which continued to plunge. China's biggest market, Shanghai was down 7.39%; nearly 20% off its recent peak. Meanwhile the Shenzhen Composite Index ... [more]

Credit Suisse revises price target for BT, keeps 'outperform' rating

Fri, 26 June 2015

Credit Suisse has reiterated an 'outperform' rating for BT and raised its price target from 495p to 510p. Analysts said in a note they expected the BT-EE merger to be approved and said forced a spin-o... [more]

Trakm8 signs deal with Bibby Distribution, shares rise

Fri, 26 June 2015

Shares in fleet tracking firm Trakm8 rose on Friday after it revealed it has won a £1.1m contract from Bibby Distribution. Under the five-year contract, the firm will supply Bibby's fleet with its tai... [more]

Connemara finds possible gold source in Donegal

Fri, 26 June 2015

Connemara Mining has completed its first phase of prospecting on its newly acquired Inishowen Block in Donegal, Ireland. The Dublin based firm said initial results identified a clear target area for m... [more]

Lonmin responds to blame over Marikana massacre

Fri, 26 June 2015

Platinum producer Lonmin said it still has a long way to go to improve workers' conditions, as a report slammed its treatment of employees during the Marikana massacre. A government inquiry found it d... [more]

Friday newspaper round-up: Greece, Valeant makes offer for Zoetis, Tesco

Fri, 26 June 2015

Greek bailout talks have been postponed until Saturday, giving Athens its "last chance to strike a deal or trigger a 'plan B' that would attempt to prevent a Greek default from damaging the rest of th... [more]

Tesco warns sales still dropping

Fri, 26 June 2015

Supermarket chain Tesco reported another slip in sales, but said the decline was slowing. The retailer said at actual rates sales for the 13 weeks to 30 May 2015 declined by 1%, excluding fuel, in a t... [more]

Debenhams to meet full-year market expectations

Thu, 25 June 2015

Department store Debenhams said it was on track to meet full-year gross profit targets, in a trading update on Thursday. The retailer said gross transaction value was up 1.7% over the last 41 weeks, w... [more]

Thursday newspaper round-up: Greece, BT, Formula One

Thu, 25 June 2015

Hopes over Greece were dashed on Wednesday night after Greek PM Alexis Tsirpas failed to reach a deal after seven hours of talks with creditors, writs the Financial Times. A senior Eurozone official s... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Wynn Resorts Ltd. 103.36 4.76 19:54
Comcast Corp. 62.03 3.13 19:54
Kraft Foods Group, Inc. 87.67 2.97 19:54
Activision Blizzard Inc. 24.82 2.52 19:54
Mylan Inc. 69.30 2.12 19:54

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Keurig Green Mountain Inc 74.45 -2.84 19:54
Sandisk Corp. 56.85 -2.35 19:54
Expedia Inc. 107.50 -1.69 19:54
Citrix Systems Inc. 69.30 -1.23 19:54
Gilead Sciences Inc. 115.65 -1.22 19:54