Latest News
Oxfam deputy chief resigns as sexual misconduct scandal widens
Oxfam deputy chief, Penny Lawrence has resigned on Monday following accusations that she didn’t correctly manage allegations about some of her NGO's staff hiring prostitutes in Haiti in the aftermath of the 2010 earthquake.
UK energy price cap needed 'urgently', says MPs
An energy price cap should be introduced “urgently” to stop vulnerable customers on variable tariffs being ripped off, a parliamentary committee said on Tuesday.
Sadiq Khan launches £45m fund to support young Londoners
Sadiq Khan announced on Tuesday that he would create a brand new £45m fund to provide desperately needed funding for local communities and charities aimed at helping the capital's youth fulfil their potential.
MobilityOne subsidiary delivers new app for Meghna Bank
E-commerce infrastructure payment solutions and platform provider MobilityOne announced on Tuesday that its 55%-owned subsidiary in Bangladesh, Mobility i Tap Pay, has developed a mobile banking app for Meghna Bank.
SerVision needs funding to cope with mounting debt
SerVision shares plummeted over 20% on Monday after the digital security manufacturer warned that it urgently needed to raise funds.
Ebiquity sells Adintel unit to Nielsen for £26m
AIM-listed marketing analytics firm Ebiquity on Tuesday said it was selling its AdIntel business to Nielsen Holdings for £26m in cash.
Morgan Stanley downgrades BP, cuts target for Shell
Morgan Stanley downgraded its view on shares of BP by one notch from 'overweight' to 'equalweight', predicting that management would continue to prioritise debt reduction over the dividend payout.
FTSE 250 movers: Inmarsat comes down to earth; Polypipe in favour
The FTSE 250 was struggling to make it into positive territory on Tuesday as Inmarsat shares came down to earth after a downgrade from HSBC.
Work begins for Botswana Diamonds' Sunland venture
Botswana Diamonds announced on Tuesday that work is commencing on the first half Alrosa/Botswana joint venture - Sunland Minerals - in Botswana.
Audioboom to combine with audio software giant Triton
Podcast audio-on-demand platform operator Audioboom announced its intention to acquire the entire issued share capital of Triton Digital Canada - the parent company of Triton Digital - for a cash consideration of $185m (£134m) on Tuesday, subject to adjustment for normalised working capital.
FTSE 100 movers: Tui rallies on results; Imperial Brands hit by downgrade
London's FTSE 100 was up 0. 2% to 7,189. 45 in afternoon trade on Tuesday, as investors digested the latest inflation figures.
Mucklow profits on the rise
Real estate investment trust A&J Mucklow Group saw profits soar in its first trading half thanks to some exceptionally positive asset revaluations.
South Africa's ANC calls for President Zuma to resign
South African President Jacob Zuma has asked to be given more time after being recalled by his party, the ruling African National Congress.
Amazon plans hundreds of job cuts in Seattle
Amazon is planning hundreds of layoffs at its Seattle headquarters and across its operations worldwide, a rare move following an eight-year long hiring spree which saw its Seattle workforce soar from 5,000 in 2010 to 40,000.
Piper Jaffray cuts Imperial Brands to 'neutral', cites modest EPS growth outlook
Imperial Brands was under the cosh on Tuesday as Piper Jaffray cut the stock to 'neutral' from 'overweight' and reduced the price target to 2,800p from 3,500p, highlighting a cheap valuation but a modest earnings per share growth outlook.
TruFin takes AIM at the London Stock Exchange
FinTech and banking business TruFin has announced its proposed admission to the AIM market of the London Stock Exchange after successfully executing a conditional placing and subscription of shares.
National Milk Records reports business has not soured
National Milk Records (NMR) has reported a successful six months of trading with a drop in debt and strong growth in profits, amid increased demand for its screening services and a recovery in milk prices .
Asia report: Most markets higher as Wall Street recovery continues
Most markets in Asia finished higher on Tuesday, reflecting the second day of recovery on Wall Street overnight after the mammoth losses sustained last week.
Barclays initiates Smiths Group at 'overweight'
Barclays initiated coverage of diversified engineer Smiths Group at 'overweight', with an 1,800p price target as it highlighted material change under the current management team.