Latest News
Sarah Mace becomes permanent Personal Group finance chief
Employee service provider Personal Group announced on Wednesday that its interim chief financial officer Sarah Mace has been appointed as its permanent CFO, with immediate effect.
Seeing Machines executes licence agreement with OmniVision
Computer vision technology company Seeing Machines has advanced its previously-announced memorandum of understanding with OmniVision Technologies, it said on Wednesday, to an executed licence agreement to license its ‘Occula’ neural processing unit (NPU).
Eurozone business activity contracts more than thought in December
Business activity in the eurozone contracted more than initially estimated in December 2020 as the Covid-19 pandemic took its toll, according to a survey released on Wednesday.
Aggreko revises Tokyo Olympics contract to $315m
Temporary power firm Aggreko said it had agreed an increased contract with the Tokyo Olympic and Paralympic Games organising committee to reflect the delay of the event to this year.
Wandisco eyes marked revenue increase in 2021
Software company Wandisco said on Wednesday that 2020 saw "significant strategic progress" for the group and that it now expects to deliver at least $35. 0m in revenue for the 2021 trading year despite a number of customers delaying their purchase decisions.
Topps Tiles says lockdown to hit sales, margins
Tile specialist Topps Tiles said on Wednesday that the latest lockdown is expected to impact sales, while trading margins will come under some pressure due to the additional delivery costs associated with more online sales.
Europe open: Hopes of Georgia 'blue wave' lift investor sentiment
European shares opened higher on Wednesday led by banks, as the possibility of a Democrat win in the Georgia US Senate run-off elections boosted hopes of an improved fiscal stimulus package under the incoming Biden administration.
New car registrations drop to lowest level in almost thirty years in 2020
New car registrations in the UK dropped to the lowest level seen in almost three decades in 2020 as the sector witnessed the biggest one-year fall since the Second World War.
China services growth slows in December
China's services sector grew at the slowest pace for three months in December as new orders weakened amid Covid-19 outbreaks at home and abroad.
London open: Stocks rise as investors eye US politics
London equity markets rose in early trade on Wednesday, with oil stocks lending support, as investors bet on a Democratic win in a US Senate run-off election in Georgia.
Carnival's P&O extends rolling pause in NZ departures to 25 April
Cruise operator Carnival said on Wednesday that P&O Cruises Australia has extended its rolling pause in operations in New Zealand to departures on and before 25 April amid the ongoing Covid-19 pandemic.
Syncona upbeat on developments at Autolus
Life science investor Syncona updated the market on its portfolio company Autolus on Wednesday, announcing that it would prioritise the development of the ‘AUTO1’ programme for adult acute lymphoblastic leukemia (ALL), based on the positive data generated in its phase 1 and 2 studies to date and a high unmet medical need.
IP Group's Oxbiotica raises £36m in series B round
Intellectual property investor IP Group announced on Wednesday that its autonomous vehicle software portfolio company Oxbotica has raised £36m of new capital in a series B round, from both new and existing investors.
AstraZeneca's Farxiga gets Priority Review status in the US
AstraZeneca announced on Wednesday that ‘Farxiga’, or dapagliflozin, has been granted Priority Review status in the United States for the treatment of new or worsening chronic kidney disease (CKD) in adults with and without type-2 diabetes (T2D).
M&S close to buying Jaeger - report
Marks & Spencer is reported to be close to buying Jaeger, the loss-making fashion brand hit by the Covid-19 crisis.
Auto Trader says lockdown will dent demand in January, February
Auto Trader said on Wednesday that it expects sales demand to take a hit in January and February following the imposition of the latest lockdown, which has forced all car retailers to close their showrooms.
Travis Perkins appoints Jasmine Whitbread as non-exec chair
Builders’ merchant Travis Perkins said on Wednesday that Jasmine Whitbread, currently the chief executive officer of London First, will succeed Stuart Chambers as non-executive chairman.
Hipgnosis buys 50% of Neil Young catalogue
Music rights investor Hipgnosis Songs Fund said it had bought 50% of Neil Young's worldwide copyright and income interests in his 1,180 song catalogue.
Informa says results in line but events to restart slowly
Informa said 2020 results would be in line with guidance but warned physical events would recover slowly in 2021.
London pre-open: Stocks to rise; Greggs announces job losses
London stocks were set to rise at the open on Wednesday following a positive close on Wall Street.