Latest News
PowerHouse signs first international distribution agreement for DMG
Waste-to-hydrogen technology company PowerHouse Energy Group announced its first international distribution agreement for its proprietary ‘DMG’ hydrogen from waste (HfW) process on Tuesday, targeting the supply into hydrogen bus projects in Bulgaria and Romania.
Next boss Wolfson's pay drops after 'most challenging' year
Next chief executive Simon Wolfson’s pay fell by more than a third for 2017 – a year he described as the most difficult faced by the company for a quarter of a century.
Companies should hire more 'marginalised youths' to solve the labour problem
Some UK companies believe marginalised young people outside the mainstream labour market are key to tackle looming labour shortages in construction, agriculture and retail.
London drops from list of top ten most expensive cities for business travel
London has dropped out of the top ten most expensive business travel locations in the world as Geneva, once again, takes pole position as the priciest European destination for work-related tourism for a fourth consecutive year.
Wires crossed as Trump scraps new Russia sanctions
President Trump has reportedly declined to sign-off on proposed additional sanctions against Russia for the Kremlin’s support of Bashar al-Assad’s Syrian regime, contradicting the US ambassador to the UN.
Silicon Valley invests $1.5bn in 'cheap' UK tech start-ups
Silicon Valley invested $1. 54bn in British technology start-ups in 2017, taking advantage of the sliding value of the pound.
Breedon to buy Belfast-based Lagan for £455m
AIM-listed Breedon has agreed to buy Belfast-based construction materials business Lagan Group for £455m.
Tuesday broker round-up
Sage Group: JP Morgan downgrades to neutral with a target price of 670p.
PBoC cuts reserve requirement ratio by 100 basis points
China's central bank has announced a reduction in its legal reserve requirement for some of the country's main financial institutions, but some economists believed that would only partially offset the tighter financial conditions resulting from Beijing's increased macro-prudential measures.
Asia report: Markets mostly lower as China beats on first quarter GDP
Markets in Asia finished Tuesday’s session mostly lower as investors sifted through a tsunami of data from China, with forecast-beating GDP growth at the top of the agenda.
Ascent Resources open to takeover offers as it announces strategic review
AIM-listed Ascent Resources said on Tuesday that it is open to offers as it announced it has decided to conduct a strategic review of the various options available to maximise value for shareholders.
Europe midday: Shares hold onto early gains
Stocks are holding higher despite a wobble in Asian markets overnight, instead tracking gains overnight on Wall Street, amid a flurry of news on the M&A front and on the back of an upbeat update from US technology high-flyer Netflix.
London midday: Retailers lead equity gains as pound slips back on wage data
London stocks were higher by midday on Tuesday as the pound slipped back following the latest wage growth figures for the UK.
Italian March CPI revised lower
Consumer prices in Italy jumped last month, but still fell short of economists' forecasts.
IHG shows 'immaterial' effects of accounting changes
InterContinental Hotels said new accounting standards had negligible effect on its underlying results, but shares in the Holiday Inn owner ticked up as revenue for 2017 was shown to more than double.
Investment Association tells companies to appoint more women managers
The Investment Association (IA) has written to one in 10 companies in the FTSE 350 – including BP – urging them to set out plans to appoint more senior female managers or face unrest at shareholder meetings.
Anglo African Oil & Gas approaches production at two Congo wells
Independent oil and gas developer Anglo African Oil & Gas is close to recommencing production at the TLP-101 well at its 56% owned Tilapia oil field in the Republic of the Congo.
North and South Korea close to ending 68-year war
The two Korea’s are discussing plans to finally bring an official end to their almost 68 year war according to the South Korean Munhwa Ilbo newspaper.
US pre-open: Stocks seen up after Netflix impresses; Goldman earnings eyed
US futures pointed to a solid open on Wall Street on Tuesday following blowout earnings from Netflix and as investors eyed the latest numbers from investment banking behemoth Goldman Sachs.
Wage growth edges above inflation in 'final piece of puzzle' for BoE hike
British wage growth numbers disappointed the market on Tuesday but finally crept higher than inflation, meaning real wage growth has turned positive for the first time in 13 months to give the Bank of England more confidence about raising interest rates.