Latest News
Dixons Carphone pledges to 'simplify' mobile business as profits plummet
Profits at Dixons Carphone crumpled in the first half as UK mobile phone customers continued to hold onto their handsets longer, leading the retailer to plan a restructuring of this business and pledge that the dividend will be kept steady.
Vela Technologies raises £0.75m in placing
Early-stage and pre-IPO technology investing company Vela Technologies has raised gross proceeds of £0. 75m through a placing of 115,384,615 new ordinary shares at a price of 0. 65p per share, it announced on Wednesday.
Chapel Down in £20m fundraising to fuel UK vineyard growth
Chapel Down is raising £20m to buy extra land for vineyards, invest in its new brewery and fund further growth.
UK wage growth flatters to deceive as jobless claims hit five-month high
UK wage growth is picking up slightly but still remains well short of inflation, while the number of people claiming unemployment benefit reached a five-month high.
Asia report: Markets mostly higher as oil prices rise
Markets in Asia finished mostly higher on Wednesday, with the so-called ‘THAAD stocks’ in Korea surging as the country’s president began a four-day trip to China and oil prices creeping higher.
Faroe Petroleum says Tambar field production has resumed
Oil and gas company Faroe Petroleum said on Wednesday that production from the Tambar field in Norway has resumed following an accident on the Maersk interceptor drilling rig last week that left one person dead.
Jefferies downgrades Berkeley Group on valuation
Jefferies downgraded Berkeley Group to 'hold' from 'buy' on valuation grounds, but lifted the price target to 4,214p from 3,958p.
Aldermore signs Pat Butler as next chairman
Aldermore has recruited Pat Butler to be its next chairman after the bank's acquisition by South Africa's FirstRand is completed.
Purplebricks revenue surges but operating losses widen
AIM-listed online estate agency Purplebricks reported a surge in first-half revenue on Wednesday and upped its revenue guidance, although its operating losses widened.
Wood Group confirms profit targets, progress on AFW integration
Wood Group said the integration of newly acquired Amec Foster Wheeler was progressing ahead of schedule and that total adjusted operating profits for the full year will be between $335m and $355m.
Safestyle slumps as it warns over 2017 profit
Shares in Safestyle tumbled after the windows and doors retailer warned on Wednesday that underlying pre-tax profit for 2017 will be below current market expectations as conditions are expected to continue to be challenging.
London open: Stocks flat ahead of jobs data, Fed rate announcement
London stocks were little changed in early trade on Wednesday as investors kept their powder dry ahead of UK jobs data and a widely expected rate hike from the US Federal Reserve.
Serco shares climb on strong profit guidance
Serco shares made strong gains after the outsourcing group predicted annual profit at the top of guidance with strong growth to follow.
Great Portland Estates rated one of Britain's 'most admired' firms
Great Portland Estates was celebrating being the highest rated property company for the second consecutive year in Management Today's 'Britain's Most Admired Companies' awards on Wednesday.
TUI predicts at least 10% earnings growth this year
TUI Group said it expects at least 10% earnings growth in 2018 after reporting solid results for last year.
Essentra finds route into Mexico in Micro Plastics acquisition
Essentra has acquired 100% of the share capital of Micro Plastics for an undisclosed cash consideration, it announced on Wednesday morning.
Senior wins five-year contract with Spirit Aerosystems
Manufacturing and engineering group Senior has won a five-year contract with Spirit AeroSystems through its subsidiary Senior Aerospace UPECA.
Wednesday newspaper round-up: Ryanair, Uber, Walt Disney/21st Century Fox
The World Bank will end its financial support for oil and gas exploration within the next two years in response to the growing threat posed by climate change. In a statement that delighted campaigners opposed to fossil fuels, the Bank used a conference in Paris to announce that it “will no longer finance upstream oil and gas” after 2019. – Guardian.
British American Tobacco puffs out a decent second half
British American Tobacco is continuing to perform well with trading in line with expectations, it said in its pre-close trading update for the second half of the year on Wednesday.
Intertek gobbles up US-based security certifier Acumen
Quality assurance provider Intertek Group has acquired Maryland, US-based security certification solutions provider Acumen Security for an undisclosed consideration, it announced on Wednesday.