Latest News
Nigerian Oil producers defy OPEC and are eager to pump more
Independent Nigerian drillers want to supply more crude, in defiance of OPEC and Russia's pact to restrict output and boost prices.
India's PNB hit by $1.8bn worth of fraudulent operations
India’s Punjab National Bank (PNB) has uncovered a $1. 8bn fraud that benefited a small group of customers and could affect other banks.
Europe close: Stocks finish off one-week highs
European stocks ended the session higher despite another stronger than expected reading on US inflation, in the former of the latest producer price data.
Director dealings: Entertainment One CEO disposes of nearly £4m worth of shares
Entertainment One chief executive Darren Throop cashed in more than 1. 35m ordinary shares in the firm on Thursday, collecting just shy of £4m for his efforts.
Jarvis Securities shares fall as company faced with regulatory changes
Jarvis Securities shares fell approximately 10% on Thursday, despite strong dividend, revenue and profit growth, after the company’s final results indicated it faces significant cost increases as a result of regulatory changes.
Thursday broker round-up
Tullow oil: Barclays downgrades to equal weight with a target price of 190p.
Mosman Oil & Gas Raises £0.5m for future opportunities
Junior oil firm Mosman Oil & Gas announced on Thursday that it has raised £500,000 before expenses for evaluations of new acquisition opportunities.
Broker tips: Shire, Bodycote, Indivior
Analysts at both Credit Suisse and Deutsche Bank dropped their target prices for Shire after the biotech group said its sales would grow in mid-single figures and profits would rise at a more glacial pace.
Tlou Energy shares plummet as Botswana tender cancelled
Tlou Energy’s shares fell over 20% on Thursday after the company reported that the Botswanan government cancelled their tender for coalbed methane-fueled (CBM) power plants due to non-compliance.
London close: Stocks shrug off another strong US inflation print
London equities on Thursday, underpinned by strength in the mining sector and an impressive showing from stocks with exposure to South Africa, as investors appeared to shrug off yet another higher than expected print on US inflation.
Collagen Solutions enlists Shanghai firm to aid China distribution
Collagen Solutions announced on Thursday that it has engaged with a Shanghai-based firm to help synchronise the distribution of its products in China.
Earthport sees revenues grow as payments network expands
Cross-border payments network Earthport issued an unaudited trading update for the six months ended 31 December on Thursday, reporting 8% growth in revenues over the prior year to £15. 4m.
Costain, Balfour and Renew best placed for HS2 and other rail gains
Broker Numis said on Thursday that it expects UK rail to be a key growth area for the construction sector in the foreseeable future, with phase-one of HS2 in 2020 and 2021 offsetting the completion of major rail projects from Crossrail and Thameslink.
Per-user revenues fall at The People's Operator
Cause-based mobile virtual network operator (MVNO) The People's Operator updated the market on its trading and operations for the 12 months ended 31 December on Thursday, confirming that revenues for the 2017 financial year would be about £3. 55m, in line with management forecasts.
Venn Life Sciences trades in line as it looks to future strategy
Integrated drug development company Venn Life Sciences issued a trading and strategy update on Thursday, with the board describing 2017 as “another solid year”.
Jefferies reiterates 'buy' on Indivior's strong guidance
Jefferies, RBC Capital Markets and Numis reiterated their positive recommendations on Indivior as the opioid addiction drug maker's shares slipped on the back of final results on Thursday.
Friday preview: Silver lining for UK retail sales, Segro results due
Data from the Office for National Statistics is unlikely to lift the dark clouds over UK retail but a better month is expected and could prove a thin ray of sunshine.
Anisa acquisition sees Sanderson make solid start
Investors in digital retail technology and enterprise software specialist Sanderson Group were told of the company’s performance since its expansion through the acquisition of the Anisa Group at its annual general meeting on Thursday.
Melrose appends another chapter to long-winded war of words with GKN
As if investors weren’t tired of it already, the board of Melrose felt it necessary on Thursday afternoon to respond to a document issued by GKN earlier in the day, in which the latter defended its decision to pursue a new strategy in a bid to return £2. 5bn to shareholders over the next five years.
US open: Wall Street wobbles as more inflation data digested
US stocks opened higher on Thursday but were unsteady on their feed, meaning a fifth day of gains was not assured as investors eyed higher-than-expected inflation print from a day earlier and mixed jobs and producer prices data.