Latest News
Sumo Group performing well as Tencent takeover looms
Video games design, development and publishing service provider Sumo Group reported a 91. 7% surge in revenue in its first half on Wednesday, to £50. 4m, including the performance of Pipeworks, which it acquired in October last year.
Fulham Shore revenues leap past pre-pandemic levels
Restaurant operator Fulham Shore said on Wednesday that its revenues increased to over £39m in its first half, compared to £36m in the pre-pandemic comparative period in 2019, despite only being able to trade without Covid-19 restrictions for 10 of the 26 weeks in the period.
Quiz losses widen as Covid measures dent revenues
Quiz reported a widening of its full-year losses on Wednesday as revenues were dented by Covid measures, sending shares in the fast-fashion retailer tumbling.
Network International adjusts mid-term guidance as it integrates DPO
Network International updated the market on its near- and medium-term outlook on Wednesday morning, leaving its 2021 financial guidance unchanged.
WM Morrison takeover to be decided via auction
British supermarket chain WM Morrison's takeover will be decided via auction on 2 October.
Abrdn lowers stake in HDFC
Life assurance business Abrdn said on Wednesday that it had sold 10. 65m shares in asset manager HDFC on the National Stock Exchange of India and the Bombay Stock Exchange.
Next lifts FY guidance for fourth time as interim profits soar
UK fashion retailer Next lifted full-year guidance for the fourth time this year after a better-than-expected rise in interim profits as customers flocked to its stores once they reopened from Covid pandemic lockdowns.
SSE signs deal to create Japan offshore wind vehicle
SSE announced on Wednesday that its renewables division has signed an agreement with Pacifico Energy, one of Japan's largest developers of renewable energy, to create a joint ownership company to pursue offshore wind energy development projects in Japan.
Europe open: Shares rally as oil prices fall on demand worries
European shares opened higher on Wednesday, rebounding from losses in the previous session as oil prices fell again on concerns over weaker demand due to rising Covid cases globally.
London open: Stocks gain as AstraZenca, Next rally
London stocks racked up healthy gains in early trade on Wednesday, with AstraZeneca and Next pacing the advance.
Auction Technology gets regulatory clearances for LiveAuctioneers deal
Online auction platform Auction Technology has now received all antitrust and regulatory clearances - including from the UK’s Competition and Markets Authority - for its acquisition of LiveAuctioneers.
Next lifts full-year guidance, SSE Renewables entering Japan market
London open The FTSE 100 is expected to open four points higher on Wednesday, having closed down 0. 5% at 7,028. 10 on Tuesday.
AstraZeneca to buy Caelum in $500m deal
AstraZeneca said on Wednesday that its newly-acquired Alexion business will buy the remaining shares of drug maker Caelum Biosciences for up to $500m.
London pre-open: Stocks seen up ahead of lending data
London stocks were set to nudge a touch higher at the open on Wednesday following losses in the previous session, as investors eye lending data.