Latest News
Travis Perkins ramps up plans to spin off Wickes - report
Builders’ merchant Travis Perkins has reportedly accelerated plans to offload its struggling Wickes DIY chain.
Mobile Streams shares tumble as revenue drops 58%
Content distributor Mobile Streams saw its share price crash on Monday morning after the group warned investors of a massive drop in its annual revenues.
Mission Marketing profits set to continue growth streak
Communications and advertising group Mission Marketing expects to report first-half results in line with expectations after its streak of interim revenue and profit growth extended into an eighth year.
Amino Technologies acquires online video specialist 24i Media
Television technology provider Amino acquired online video specialist 24i Media on Monday for a total consideration of €21. 4m.
Micro Focus slumps as chairman dumps shares
Micro Focus slumped on Monday as it emerged that chairman Kevin Loosemore sold 650,000 shares in the business last week, pocketing £11. 6m.
Egdon Resources issues positive update from Biscathorpe-2
Egdon Resources issued what it called a “positive update” on Monday on the Biscathorpe-2 exploration well drilled at Petroleum Exploration and Development Licence PEDL253, located in Lincolnshire, where it held a 35. 8% interest.
Core UK bakery business underpins sales at Finsbury Food
Finsbury Food posted a jump in full-year sales on Monday thanks to strength in its UK bakery division.
Alpha Growth achieves 'several milestones' in second quarter
Financial services specialist Alpha Growth released a quarterly update on Monday, reporting that through the second quarter it achieved “several” milestones, and continued to advance its other strategies.
Sports Direct delays results, warns on guidance
Sports Direct said it was delaying the publication of its preliminary results as it pointed to the "complexities" of integrating House of Fraser and warned that the guidance given back in December could be "materially" affected.
Location Sciences ropes in Andy Roberts to strengthen advisory panel
Location data verification and analytics provider Location Sciences announced the appointment of Andy Roberts to strengthen its advisory panel on Monday.
Providence agrees another extension as APEC submits Barryroe payment
Ireland-based energy company Providence Resources released a commercial and operational update in relation to Standard Exploration Licence 1/11 on Monday, which contains the Barryroe oil accumulation.
Grainger starts work on latest Leeds investment
Landlord Grainger has started work on its latest investment in Leeds after satisfying certain contractual conditions.
Tertiary Minerals reports two target zones for zinc-silver at Paymaster
Tertiary Minerals advised on Monday that initial follow-up field reconnaissance of soil anomalies at its recently-acquired Paymaster Polymetallic Project in Nevada had identified two zones of zinc-silver mineralisation for follow-up exploration and drilling.
Pershing Square announces $400m private bond placement
Pershing Square Holdings announced a fully-committed private placement of $400m of bonds on Monday, with a coupon of 4. 95%, maturing on 15 July 2039.
IP Group upbeat on news from portfolio firms Ceres Power and Istesso
IP Group confirmed on Monday that its portfolio company Ceres Power Holdings has signed a collaboration and licensing agreement with Doosan Corporation to jointly develop SOFC distributed power systems, initially targeted at the Korean commercial building market.
AstraZeneca gets complete response from FDA over 'Farxiga'
AstraZeneca announced on Monday that the US Food and Drug Administration (FDA) has issued a complete response letter regarding the supplemental New Drug Application for ‘Farxiga’ (dapagliflozin) as an adjunct treatment to insulin to improve glycaemic control in adult patients with type-1 diabetes, when insulin alone does not provide adequate glycaemic control.
GlaxoSmithKline reveals positive results from 'Zejula' ovarian cancer trial
GlaxoSmithKline announced positive results from its ‘PRIMA’ phase 3 randomised, double-blind, placebo-controlled study of ‘Zejula’ (niraparib) as a maintenance therapy in patients with first-line ovarian cancer following platinum-based chemotherapy on Monday.
Antofagasta/Barrick JV wins $5.8bn damages from Pakistan
Antofagasta said its Tethyan Copper joint venture with Barrick Gold had been awarded $5. 84bn in damages by the World Bank's arbitration court after the Pakistan government denied a mining lease for the Reko Diq project in 2011.
London open: Stocks edge up as investors mull China data; US earnings season eyed
London stocks nudged up in early trade on Monday as investors mulled mixed Chinese economic data and looked ahead to the start of the US earnings season.
Chinese economic growth slows to 27-year low
Chinese economic growth eased to its weakest pace in 27 years in the second quarter, according to data released by the country’s statistics bureau on Monday.