Company News
IQE shares continue decline as board defends ShadowFall attack
IQE came out swinging on Monday, after its credibility was sent through the floor - along with its share price - by a scathing attack from a short-selling outfit on Friday.
IAG traffic figures improve despite falling numbers at British Airways
British Airways parent International Consolidated Airlines Group (IAG) saw passenger revenue per kilometre increase 3. 2% on last January, while available seat kilometres rose 2. 8%.
Lloyds plans to cut as many as 1,000 jobs across six divisions
Lloyds is gearing up to eliminate about 1,000 jobs over six divisions as chief executive officer Antonio Horta-Osorio sets the wheels in motion for a full-scale makeover of Britain's biggest mortgage lender.
Smart Metering Systems set to report bumper year
Integrated metering services company Smart Metering Systems updated the market on its trading for the year to 31 December on Monday, reporting that its continued investment in its gas and electricity metering portfolio saw the total number of assets under management increase by approximately 62% to 2. 03 million by year-end.
Uber and Google set to go to trial over intellectual property dispute
Google’s Waymo is taking Uber to court for allegedly stealing trade secrets related to self-driving technology in one of Silicon Valley's biggest legal battles in years.
Tony Brooke elevated to CEO at Richland Resources
Gemstones producer and developer Richland Resources announced the appointment of Anthony ‘Tony’ Brooke to the board as its new chief executive officer on Monday, with immediate effect.
Solo Oil upbeat on fresh data from Ntorya
Solo Oil announced the results of the recently-completed competent persons report conducted independently by RPS Energy Consultants on Monday, which it said had resulted in a significant resource upgrade of the Ntorya gas discovery in the Ruvuma Petroleum Sharing Agreement, where Solo holds a 25% working interest.
Tuesday preview: BP, Ocado results in focus
BP's results will be of interest to the many investors who bought back into the oil major's rally over the past couple of years, while Ocado will face investors on the back of a brace of major international deals.
Vela puts £0.2m into mining-as-a-service firm Argo Blockchain
Investing company Vela Technologies announced on Monday that it has invested £0. 2m to acquire a minority equity stake in Argo Blockchain.
Tesco says Booker's Wilson will head UK retail arm, ups profit guidance
Tesco confirmed that Booker Group boss Charles Wilson will be appointed chief executive of the group's retail and wholesale operations in the UK and Ireland when the takeover is completed, which is pencilled in for 5 March.
Broadcom sweetens bid for Qualcomm to $82 a share
Broadcom has sweetened its bid for Qualcomm to $82 per share from $70 last November.
Trinity posts double-digit production boost thanks to workover projects
Independent oil and gas company Trinity Exploration and Production saw good momentum continue into the final quarter of 2017, delivering further growth in profitable production as the firm made moves to strengthen its balance sheet where possible.
KEFI Minerals eyes Ethiopian and Saudi Arabian expansions
Exploration and development firm KEFI Minerals announced on Monday that it had assembled applications for more than 1,000 square kilometres of strategically selected copper and gold tenements in Africa and the Middle East.
Capita rallies after Woodford talks his own book
Shares in Capita rallied on Monday as a blog post from star fund manager Neil Woodford talked up the possibility that the outsourcer's low valuation could make it a big target.
Receiver safeguards a further 100 Carillion jobs
The official receiver issued an update to the proceeding surrounding collapsed support services group Carillion on Monday, announcing that it while it had managed to save a further 100 jobs linked to public sector contracts, a total of 452 people would be let go across the country.
Renew Holdings sells loss-making Forefront business
AIM-listed engineering services group Renew Holdings has sold its loss-making Forefront business to Ferns for a de-minimis consideration, exiting low pressure, small diameter gas pipe replacement activities.
Eckoh secures six 'sizeable' UK contract wins
AIM-listed Eckoh, a provider of secure payment products, has secured six "sizeable" UK contract wins across the payments, insurance, healthcare and mobile telecoms sectors, the latter being a contract with one of the UK's largest mobile network operators.
Homebase jobs at risk as up to 40 stores face closure
Nearly 2,000 jobs could be axed at Homebase stores as Australian owner Wesfarmers announced the closure of up to 40 stores.
Begbies Traynor buys CJM Asset Management
AIM-listed Begbies Traynor has announced the acquisition of Fyrebrand Limited, which trades as CJM Asset Management, for an initial consideration of £250,000, in a deal that is expected to be earnings-enhancing in the group's current financial year and after any additional consideration is paid.
Caledonian Trust enters disposal agreement on Edinburgh's St Margaret's House
Edinburgh-based property investment holding and development company Caledonian Trust announced on Monday that it has entered into an agreement to sell St Margaret's House on London Road in Edinburgh, for a cash consideration of £15m.