Latest News
IQE taps Americo Lemos as its next chief executive
Semiconductor wafer and advanced materials company IQE announced the appointment of Americo Lemos as its new chief executive officer on Monday, starting on 10 January.
Pharos Energy confirms restart of drilling in Egypt
Pharos Energy announced a return to drilling in its El Fayum concession in Egypt on Monday, with the start of an interim three-well development programme.
UK regulator to probe IAG Air Europa deal
The UK’s competition regulator said it was conducting a probe into IAG's planned €500m purchase of Spain's Air Europa to see if it would harm competition in Britain.
Asia report: Markets mixed as PBoC stands pat on interest rates
Markets closed in a mixed state in Asia on Monday, as China’s central bank stood pat on interest rates, sating market expectations.
KKR launches takeover bid for Telecom Italia, shares surge
US private equity firm Kohlberg Kravis Roberts is looking to acquire Telecom Italia in a deal worth potentially €33bn.
Ericsson to buy US cloud firm Vonage in $6.2bn deal
Sweden’s Ericsson has agreed to buy US cloud-based communications provider Vonage in a $6. 2bn all-cash deal.
Bitcoin settles below $60,000; $56,500 is the short-term market floor
Bitcoin settled below $60,000 after its recent falls, during a weekend in which the price drew a new range, between this resistance level and $56,500 as a short-term market floor, despite a one-month low at $55,700 on November 19th. Investors are preparing for a week of lower volume in the trading markets, due to the Thanksgiving holiday in the US. They are also closely watching the impact of inflation on consumers' purchasing power and the election of the Federal Reserve (Fed) chairman.
eTherapeutics CFO to stand down on 31 December
Drug discovery e-Therapeutics revealed on Monday that chief financial officer Karl Keegan will step down from the role in order to focus on "extremely difficult family circumstances" in Ireland.
Shares in M&S spark on takeover rumours
Shares in Marks & Spencer jumped on Monday after it was reported that an investment firm was interested in the high street stalwart.
Canaccord Genuity hikes target price on Cerillion
Analysts at Canaccord Genuity materially raised their target price on software firm Cerillion from 665. 0p to 950. 0p on Monday following the firm's "very impressive" full-year 2021 performance.
Nightcap acquires Barrio Familia and subsidiaries
Bar operator Nightcap has acquired Barrio Familia and its subsidiaries, leading the group to now expect its full-year results to be "significantly ahead" of current market expectations.
Rank Group to get £77.5m refund from HMRC
Casino operator Rank Group said on Monday that it will get a £77. 5m refund after reaching an agreement with HMRC on its claim for a refund of VAT paid on slot machine income between April 2006 and January 2013.
Frontier Developments says sales of Jurassic World Evolution 2 on PC lower than projected
Videogames publisher Frontier Developments warned on Monday that sales of its Jurassic World Evolution 2 title on the PC platform had been lower than originally projected since its release earlier in the month.
Pelatro secures contract with African telco
Software firm Pelatro has secured a fresh contract win with an unnamed African telecommunications firm.
Europe open: Telecom Italia soars on KKR bid
European shares opened higher on Monday, driven by a $12bn bid from US private equity firm KKR for Telecom Italia.
London open: Stocks rise but gains capped by Covid worries
London stocks rose in early trade on Monday, helped along by strength in the telecoms sector, but gains were unspectacular amid worries about rising Covid cases and tightening restrictions across Europe.
Grainger bolsters investment team with two appointments
Residential landlord Grainger announced two key appointments within its investment team on Monday, with Eliza Pattinson promoted to director of investments - asset management, and Steven Clark appointed as director of investments - acquisitions.
BHP, Woodside sign merger deal, approve Scarborough LNG project
Australia’s BHP Group and Woodside Petroleum have signed their AUD$40bn petroleum merger deal, which will see Woodside acquire BHP’s petroleum assets in return for a 48% in the combined company.
BHP signs energy merger deal with Woodside, Grainger makes two investment team appointments
London open The FTSE 100 is expected to open 20 points higher on Monday, having closed down 0. 45% at 7,223. 57 on Friday.
Diploma backs guidance as FY profits rise
Diploma reported a jump in full-year pre-tax profit on Monday amid improved demand, as it backed its outlook for FY22.