Full List Of Stories
Royal Mail lowers guidance as it cuts 700 manager jobs
British postal carrier Royal Mail is axing 700 managers at a cost of £70m, the company said on Tuesday as it lowered its annual profit outlook after the omicron Covid variant hit Christmas deliveries.
Europe open: Shares steady after Monday's sell-off
European shares were back in the green on Tuesday at the open on the back of a firmer Wall Street and despite increased tensions over Ukraine.
Rio Tinto resolves dispute with Mongolia over Oyu Tolgoi mine
Rio Tinto has resolved its long-running dispute with the Mongolian government over the $6. 93bn expansion project for the company’s Oyu Tolgoi copper-gold mining project.
TI Fluid sees annual revenue of €2.95bn; Chair to retire
Motor engineering firm TI Fluid Systems said it expected to post annual revenue of €2. 95bn in a “robust performance” despite chip supply shortages.
FTSE 250 movers: Chilly for Baltic as markets hit by sell off
The FTSE 250 was down 3. 3% at 21,499. 57 at 1510 GMT as stocks were hit by a global sell-off as tensions in Ukraine heightened.
M&C Saatchi rejects increased offer from suitor
The independent directors of M&C Saatchi have rejected an increased bid from its largest shareholder and chair, the company said on Monday.
Europe midday: Shares extend losses as Ukraine tensions increase
European shares were 2% lower at midday on Monday as investors continued to fret about the pace of interest rate rises and growing US/Russian tensions over Ukraine.
Go-Ahead results delayed again as auditors ask for more time
Crisis-hit transport group Go-Ahead on Monday delayed publication of its financial results for a third time as investigations continue into its rail franchise scandal.
Europe open: Ukraine tensions hit shares; Kingspan out of favour
European shares opened lower on Monday as investors continued to fret about the pace of interest rate rises and growing US/Russian tensions over Ukraine.
HgCapital invests £31.8m in Waystone
HgCapital Trust said it would invest around £31. 8m in institutional governance, risk, and compliance services business Waystone.
Unite acquires 270 bed site in Nottingham
Student accommodation developer Unite said it had bought a 270-bed development site in Nottingham's city centre.
Spirax-Sarco buys Cotopaxi for £13.3m
Thermal energy and pumping specialist Spirax-Sarco Engineering said it has bought Cotopaxi, a consulting and optimisation specialist, for £13. 3m.
Computacenter sees FY profit slightly above £250m
Computacenter on Monday forecast annual profits to be slightly in excess of £250m after a better-than-expected fourth quarter despite a higher pound and supply shortages.
Photo-Me CEO makes discounted offer for company
Photo-Me chief executive Serge Crasnianski has tabled a discounted bid for the photo booth and vending machine operator, the company said on Friday.
Europe midday: Shares in doldrums as US results, rate hike fears rattle investors
European stocks were still in the doldrums at midday on Friday as sell-offs in the US and Asia overnight triggered by rate rise fears and poor corporate results dampened sentiment.
Playtech warns not all investors engaging on bids after Jordan pulls offer
Gambling technology company Playtech reiterated support for a £2. 7bn bid from Aristocrat Leisure after former Formula One boss Eddie Jordan pulled his offer overnight, but warned that new investors with major stakes have not “engaged meaningfully” on the original approach.
UK retail sales slump 3.7% in December as Omicron hits footfall
UK retail sales fell a worse-than-expected 3. 7% in December as the Omicron Covid variant deterred shoppers, according to official data released on Friday.
Europe open: Shares slump on weak US earnings, rate rise fears
European stocks slumped at the start of the final session of the week in line with sell-offs in the US and Asia overnight triggered by rate rise fears and poor corporate results.
Ninety One AuM rises to £141.7bn at December 31
Investment company Ninety One on Friday said assets under management at December 31 had risen to £141. 7bn compared with £128. 6bn a year earlier.
Europe midday: Shares stay in the red as Soitec plunges
European stocks were still lower at midday on Thursday as investors fretted about inflationary pressures.