Latest News
Regional Real Estate Investment Trust offloads Leeds site to Unite Students
British property firm Regional Real Estate Investment Trust exchanged contracts on Friday that would see it sell off one of its Leeds development sites to Unite Students for £10. 5m.
IQE raises £95m in placing
Supplier of advanced semiconductor wafer products and services IQE announced on Friday that, further to its announcement on 9 November regarding the proposed placing of ordinary shares, it has successfully placed 67,941,581 new ordinary shares at a price of 140p per share, raising gross proceeds of around £95m.
Europe midday: Stocks climb back after early losses
Stocks are climbing back from early weakness triggered by disappointment over the outlook for prompt passage of US tax reforms.
FTSE 100 movers: Housebuilders bounce back, but retailers retreat
London’s FTSE 100 was down 0. 5% to 7,444. 16 in afternoon trade on Friday as investors mulled the latest data on manufacturing, industrial production and construction.
UBS cuts Burberry to 'neutral', says risk/reward now balanced
Luxury fashion house Burberry was under the cosh again on Friday as UBS downgraded its stance on the stock to ‘neutral’ from ‘buy’ and cut the price target to 1,800p from 2,110p following the company’s update a day earlier as it now sees a balanced risk/reward.
Alpek negotiating final agreements to acquire ContourGlobal assets
Leading petrochemical company Alpek together with ContourGlobal, an international power generation company, have entered into a 60-day exclusivity period to negotiate final agreements related to ContourGlobal's potential acquisition of Alpek's cogeneration power plants in Mexico.
Block Z-34 in Peru to be released, announces Baron Oil
A unanimous decision was made to release Block Z-34, offshore Peru, which had been under Force Majeure since 2014, independent oil and gas company Baron Oil said.
LSE caves into TCI demands, to hold vote on Brydon and Rolet
London Stock Exchange has caved into pressure from activist investor TCI Fund Management, announcing that it will hold a shareholder vote on whether it should remove chairman Donald Brydon and retain chief executive officer Xavier Rolet.
Pacific Industrial & Logistics acquires logistics asset at Victoria Road, Leeds, for £2.8m
Pacific Industrial & Logistics has completed the acquisition of a logistics asset at Victoria Road, Seacroft, Leeds for a total consideration of £2. 8m, the company announced on Friday.
Barnier gives UK two weeks to clarify 'Brexit bill' position
Brexit negotiations have seen “some progress” in the latest round of talks, but according to chief EU negotiator Michel Barnier, the UK has only two weeks left to agree to a financial settlement.
RWE Supply and Trading renews licence to use Brady plc's Credit Risk software
The leading global provider of trading, Brady plc, announced today that RWE Supply and Trading (RWEST), one of the leading energy trading companies in Europe, had renewed its licence to use Brady Credit Risk software for an additional five years on the basis of an annual recurring fee arrangement.
IFG Group assets under administration exceed £30bn
Dublin-based financial services company IFG Group continued to perform in line with board expectations through the ten months leading to 31 October, reaching two significant milestones during the period.
Alpha Pyrenees Trust dives, says asset sales may not deliver
Guernsey-based investment firm Alpha Pyrenees Trust announced on Friday that it was actively marketing its few remaining properties, with a view to winding up the trust in due course.
US pre-open: Stocks seen lower amid worries over tax cut delay
US futures pointed to a weaker open on Wall Street on Friday amid concerns that a possible delay in corporate tax cuts until 2019 could put an end to the recent rally in equity markets.
Ortac Resources acquires 33.82% stake in Casa Mining
The gold mining company, Ortac Resources, confirmed on Friday acquisition of the 33. 82% shareholding in Casa Mining, a specialist in gold exploration in Africa, alongside the conversion of the existing convertible loan notes held by the firm and which had been issued by CASA.
ECSC Group announces grant of share options to employees
The cyber security services provider ECSC Group announced today the grant of share options to certain employees pursuant to a the Save As You Earn Share Option Scheme (SAYE) launched on 12 October 2017.
Paragon Entertainment seeks feedback for creative hub plan
Paragon Entertainment, the attractions design, production and fit-out business, announced on Friday that Makin Enterprises are seeking feedback on a plan to build a creative hub, referred to as 'Create Yorkshire', on land at the former RAF Church Fenton.
Castings profits slip despite improved sales performance in first half
British iron casting and machining firm Castings saw its pre-tax profits decline in the six months leading to 30 September despite rising sales over the period.
Friday broker round-up
Ultra Electronics: Berenberg downgrades to Sell with a target price of 1550p.
Gulfsands Petroleum abandons Moulay Bouchta Petroleum Agreement
Oil and gas company Gulfsands Petroleum said it will no longer pursue the Moulay Bouchta Petroleum Agreement in Morocco and begin winding down the activities of the group in the country, enabling the company to focus its management and capital resources in the Levant region instead.