Latest News
Jadestone launches arbitration against Inpex subsidiary
Asia-Pacific focussed oil and gas production company Jadestone Energy has started arbitration proceedings against Teikoku Oil Con Son - a wholly-owned subsidiary of Inpex Corporation - over Jadestone's acquisition of an interest in Block 05-1 PSC, offshore Vietnam, it announced on Friday.
Former Concurrent Technologies chair retiring from board
Computer board designer and manufacturer Concurrent Technologies announced on Friday that its former chairman, Michael Collins, intends to retire as a director and from the board on 30 September.
Downturn in UK services sector eases in June
The downturn in the UK services sector eased in June, according to figures released on Friday.
Dim T owner Tasty axes 284 jobs
AIM-listed restaurant operator Tasty said on Friday that it has made around 284 staff members redundant as footfall at its restaurants is expected to fall after reopening.
FCA extends car finance, high-cost repayment freeze
The Financial Conduct Authority said it had extended the freeze on car finance and high-cost credit repayments for customers still facing payment difficulties as a result of the Covid-19 pandemic.
Next slumps on Goldman Sachs downgrade
Goldman Sachs downgraded its stance on shares of Next to ‘sell’ from ‘neutral’ and cut the price target to 4,400p from 5,300p as it said the retailer is working hard to offset a structural shift to more intense online competition, but this is likely to result in no revenue growth post Covid-19.
Euro area services PMI jumps past forecasts, but economists remain wary
Services sector activity in the Eurozone rebounded a bit more quickly than expected in June, the results of a closely-followed survey revealed, prompting hopes that economic growth might resume in the third quarter.
Fire damages building at Iran nuclear site
A fire reportedly damaged a building at one of Iran’s nuclear facilities on Thursday morning, although authorities tried to downplay the incident.
Intel to be latest investor in India's Jio Platforms
Chipmaker Intel will be the latest large US firm to invest in Indian telco Jio Platforms with a sum of $253. 5m close on the heels of Facebook’s $5. 7bn investment.
Aptitude Software trades in line, recurring revenues improve
Software provider Aptitude Software said on Friday that trading had been in line with expectations throughout the first six months of the year, with annual recurring revenues growing year-on-year.
UK, EU watchdogs debate over final say in O2-Virgin deal - report
The UK competition watchdog is in discussions with Brussels for full control over the review of the proposed £31bn merger between Virgin Media and O2.
Staffline rebrands recently acquired Irish unit
Recruitment and training group Staffline has formally rebranded recently acquired Irish business Grafton Recruitment to Staffline Recruitment Ireland.
Fastjet warns of potential collapse unless flights resume
Shares in low-cost African airline Fastjet slumped on Friday after warning that the continued suspension of all flights and access to funding could cause the group to collapse.
Numis sees Q3 revenues 'materially ahead' of H1
Stockbroker Numis said on Friday that third-quarter revenues were materially ahead of the first half, with its investment banking and equities units delivering "strong" performances.
Trakm8 reaches deal on delayed contract
Global telematics and data insight provider Trakm8 has reached a deal to provide its fleet optimisation services to an unnamed "major UK food retailer".
England quarantine dropped for top EU tourist destinations
Britons will be able to visit top EU tourist destinations such as Spain, Italy, France and Germany without having to quarantine for two weeks on their return, the government said on Friday.
London midday: Stocks in the red as investors mull services data
London stocks had fallen into the red by midday on Friday, giving back the previous session’s gains as investors mulled over the latest reading on the UK services sector.
Ryanair Ireland pilots agree 20% pay cut
Budget carrier Ryanair said its Ireland-based pilots had accepted a 20% pay cut and changes to work practices in order to save jobs, following a similar move by the UK pilot union BALPA.
Asia report: Markets finish higher as China services sector rebounds
Markets in Asia closed in the green on Friday, as investors digested some positive services data out of China, as well as a better-than-expected jobs report out of the US overnight.
Goco appoints new CFO as Nick Wrighton heads for the exit
Comparison website Goco said on Friday that it has appointed Alan Burns as its new chief financial officer, succeeding Nick Wrighton, who is leaving after four years in the role.