Latest News
KPMG to axe 50% of staff in its transformation unit
KPMG is reportedly cutting 50% of the staff in its in-house project management team as part of a campaign to slash millions of pounds in costs.
US close: Stocks slide amid trade uncertainty
US stocks closed lower on Wednesday as uncertainty regarding the possibility of a trade deal between Washington and Beijing mounted.
US-China trade deal may not be completed in 2019
The US and China may not ink a preliminary trade deal before year-end as Beijing holds out for an agreement on rolling back some of the levies which have been imposed on its exports and Washington ups its own demands in response.
Europe close: Trade tensions with China weigh on stocks
European stocks dipped on Wednesday after US President Donald Trump threatened China with higher tariffs, while US support for protesters in Hong Kong added to concerns about relations between the two nations.
Thursday preview: ECB and United Utilities in the spotlight
The focus on Thursday will be on the European Central Bank as it publishes the minutes of its last monetary policy meeting, former President Mario Draghi's last at the head of the Governing Council, at 1230 GMT.
London close: Stocks fall amid concerns around US-China trade talks
London stocks fell into the red on Wednesday as concerns about trade relations between the US and China dented the mood, while results from the likes of Kingfisher and Sage also weighed.
Berenberg slashes target price on Burford Capital, downgrades to 'hold'
Analysts at Berenberg absolutely slashed their price target on finance firm Burford Capital from 2,070p to 810p on Wednesday following a "tough six months" for the group.
Director dealings: Taylor Wimpey CEO cuts stake by over half
Taylor Wimpey revealed on Wednesday that chief executive Pete Redfern had sold 2. 15m ordinary shares in the FTSE 100-listed housebuilder.
Broker tips: Equiniti, EasyJet, Burford Capital
Analysts at Barclays cut their target price for Equiniti's shares on the heels of weaker UK macroeconomic conditions that hit its Pensions arm in the second half of the year, falling interest rates in the States and the drag from foreign exchange rates.
FTSE 250 movers: Mitchells&Butler's paces gains following results
Pub owner Mitchells&Butler's shares topped the leaderboard for the second-tier index on Thursday following the release of its latest full-year figures, with adjusted profits before tax printing at £197. 0m, which was ahead of analysts' forecasts and the comparable prior year period's £178. 0m.
SkinBioTherapeutics strikes deal with chemicals giant Croda
Skin health-focussed life sciences company SkinBioTherapeutics has signed a commercial agreement with speciality chemicals giant Croda International, it announced on Wednesday.
Brand Architekts positive on outlook despite market difficulties
Personal care and beauty products company Brand Architekts Group told shareholders on Wednesday that, since the “transformational” disposal of its manufacturing business on 23 August, it had transitioned its focus to solely be on developing its portfolio of beauty brands.
Property Franchise Group performs better than expected after fees ban
UK-based property company, the Property Franchise Group, updated the market on its trading on Wednesday, reporting that the second half of the financial year to date had remained strong, with management said to be confident that the group remained in line to achieve market expectations for the full year.
FTSE 100 movers: Kingfisher slumps on results, Aviva in the red
London’s FTSE 100 was down 0. 8% at 7,263. 79 in afternoon trade on Wednesday as worries about trade relations between the US and China intensified.
European Metals Holdings agrees strategic deal with CEZ for Cinovec Project
European Metals Holdings has reached a conditional agreement with CEZ Group - one of central and eastern Europe's largest power utilities - over a potential strategic partnership and significant investment into the Cinovec Project, it announced on Wednesday.
US open: Stocks head south as trade woes halt rally
US stocks recorded losses at the bell as uncertainty regarding the possibility of a trade deal between Washington and Beijing mounted.
Wednesday broker round-up
Burford Capital: Berenberg downgrades to hold with a target price of 810p.
Hansteen buys property portfolio from M&G for £12m
Industrial property investor Hansteen has bought a portfolio of seven multi-let, urban industrial estates on Newton Aycliffe Industrial Estate in County Durham from M&G for £12m.
FCA fines Henderson £1.9m for unfair treatment of retail investors
The Financial Conduct Authority has fined Henderson Investment Funds £1. 9m for the unfair treatment of retail investors in two of its funds.
Slowdown in UK consumer spending to dent Fevertree revenue
Fevertree warned on revenues on Wednesday as sales of its posh tonics at UK retailers were hit by a slowdown in consumer spending, but shares rallied as investors cheered US growth.