Latest News
TP Group receives development funding from the MoD
TP Group has been awarded £900,000 in development funding from the Ministry of Defence as part of the Defence Growth Partnership Innovation Challenge.
Tricorn expects pre-tax profits to be 'significantly ahead' of last year
Tricorn told investors on Wednesday that first half revenues were expected to be in line with those seen a year earlier as growth in its transport division helped offset reduced demand at its power generation rentals unit.
Economists glum on near-term outlook for Italy, despite August bounce for industrial output
Economists were glum on the outlook for the Italian economy despite an unexpected bounce in industrial output for the month of August.
French industrial production edges past forecasts in August
French industrial production edged past forecasts in August, as factory output more than offset a decline in that of energy.
Accesso locks in customer engagement partnership with Google
Accesso Technology has inked a partnership with Google to connect its clients with the search engine's users through a new customer engagement channel.
UK economic growth slows more than expected
UK economic growth was weaker than expected in August, but growth in previous months was revised slightly higher.
Scapa says trading profits ahead of last year
AIM-listed Scapa on Wednesday said group trading profits and margins were ahead of last year although adverse currency movements saw revenue down 3. 4%.
Rank Group fined £0.5m for failing to stop gambling addict
Online gambling operator Rank Group has been slapped with a £0. 5m fine for failing to follow Gambling Commission rules on dealing with problem gamblers.
Interest rate hikes help limit financial risks, Fed's Williams says
One of the top officials at the US central bank hailed the economy's performance and said further gradual rate hikes would also help to somewhat reduce the risk of imbalances in financial markets.
Hollywood Bowl considers cash return as full-year revenue rises
Hollywood Bowl said on Wednesday that it is considering returning surplus cash to shareholders as it reported a jump in full-year revenue and said annual pre-tax profit should be in line with market expectations.
UK finances among worst in the world, warns IMF
UK public finances are among the weakest in the world, the International Monetary Fund warned on Wednesday.
CMA clears SSE, Npower merger
The merger of SSE and Innogy's Npower's retail operations has been cleared by the UK's Competition and Markets Authority (CMA).
Zinc Media appoints new chief financial officer
Zinc Media appointed Will Sawyer to the role of chief financial officer on Wednesday, taking over from interim director of finance Katie O'Reilly.
UK trade deficit continues to move closer to balance in August
The UK's shortfall in its foreign trade in goods and services declined sharply over the three months to August as fuels exports increased and the surplus in services widened.
International PPL to raise £75m for debt repayment, investments
International PPL has announced plans to raise around £75m in an equity raising to pay down debt and free up funds for future investment.
Deutsche Bank ups Sage to 'hold' from 'sell'
A day after being downgrading by Barclays, software company Sage was lifted to 'hold' from 'sell' at Deutsche Bank, which highlighted the valuation and potential for private equity interest.
Sosandar in style as online sales soar
Sosandar told investors on Tuesday that first-half revenues had rocketed fivefold year-on-year thanks to a significant boost in customers throughout the period.
Polymetal upgrades resource estimates at Russia silver mine
Polymetal International on Wednesday upgraded the mineral resource estimate at its Russian Prognoz silver deposit after drilling results “exceeded expectations”.
Telford warns of negative impact to profits as a result of Brexit
Telford Homes warned investors that negative Brexit sentiment was still affecting the housing market, with potential buyers choosing to "wait and see" how the UK's exit from the EU next March goes before making any big investments.
Wednesday newspaper round-up: Brexit, HSBC, Barclays, Paddy Power
Britain’s public finances are among the weakest in the world following the 2008 financial crash, according to a fresh assessment of government assets and liabilities by the International Monetary Fund (IMF). The Washington-based lender said a health check on the wealth of 31 nations found almost £1tn had been wiped off the wealth of the UK’s public sector – equivalent to 50% of GDP – putting it in the second weakest position, with only Portugal in a worse state.