Latest News
African Potash becomes Block Commodities after pivot to blockchain
A small mining exploration company in London has changed its name to Block Commodities as it pivots from fertiliser to blockchain technology.
Tesco wants to become one of the LADs
Tesco has hired consultants to look into a possible launch of a discount grocery chain to try and thwart the fast-growing rivals Aldi and Lidl.
Vlieghe sees 'huge uncertainty' around path for interest rates
Bank of England policymaker Gertjan Vlieghe set out reasons why he has become increasingly hawkish over interest rates.
TP Group officially opens new 'Advanced Manufacturing Centre'
Specialist services, consulting and engineering company TP Group announced the official opening of its ‘Advanced Manufacturing Centre’ (AMC) on Monday, at the Dukinfield engineering facility in Greater Manchester.
YouGov joins blockchain craze with new digital ad platform
Market research and data analytics group YouGov announced the development of a new digital advertising platform, YouGov Direct, on Monday.
Faroe Petroleum sells 17.5% stake in Fenja to Suncor for $54.5m
Oil and gas company Faroe Petroleum has agreed the sale of a 17. 5% working interest in the Fenja development in the Norwegian Sea to Suncor for a cash consideration of $54. 5m.
Europe midday: Stocks holding onto gains, but traders cautious
Stocks are holding higher, tracking late gains on Wall Street last Friday after the S&P 500 bounced off a key level of technical support, its 200-day moving average, although traders remained wary.
Reabold Resources pleased with progress at Corallian investment
Pre-cash flow upstream oil and gas project investor Reabold Resources updated the market on its investment in Corallian Energy on Monday, having previously announced the signing of two share subscription agreements in Corallian in November last year.
Frontera Resources raises £2.5m via PrimaryBid.com
European oil and gas explorer Frontera Resources said it had raised £2. 5m using the online AIM-market crowdfunding website PrimaryBid. com.
US pre-open: Stocks to resume Friday's push higher; Trump to outline infrastructure plans
US futures pointed to a firmer open on Wall Street on Monday, with the rally that began late last Friday set to continue.
NY State files lawsuit against Harvey Weinstein's Company
The State of New York has filed a lawsuit against The Weinstein Company, Mr Weinstein and his brother accusing them of not protecting their employees from sexual harassment, bullying and intimidation from Harvey Weinstein himself and other executives.
Monday broker round-up
Moneysupermarket. com: Barclays downgrades to sector perform with a target price of 350p.
UP Global Sourcing shares dive after posting drop in half year sales
Shares in home goods business Ultimate Products Global Sourcing were in free-fall on Monday morning after the firm advised investors that it had not been immune to the challenges faced by companies across the general retail markets and that its full-year earnings were now seen coming in well below market expectations.
London midday: Stocks maintain gains but worries about inflation, interest rates persist
London stocks were still firmly in the black by midday on Monday following a late rebound on Wall Street at the end of last week, but worries remained about rising inflation and higher interest rates.
IQE, Cardiff Uni and Canaccord bite back at short-sellers
IQE put out a statement on Monday from its joint venture with Cardiff University, defending its accounting practices after they were placed under the microscope last week.
UK high street continues to suffer despite improving shop vacancies
Shopper numbers dropped again in January, though the 1. 6% decline was not as bad as the previous quarter's average but a worse start to 2018 than seen last year.
WPP buys Mumbai and Delhi-based digital agency The Glitch
WPP said on Monday that GroupM, its wholly-owned global media investment group, has agreed to acquire a majority stake in Indian digital creative agency The Glitch.
Asia report: Markets mostly higher as oil prices rise
Markets in Asia finished mostly higher on Monday following a rebound on Wall Street on Friday, as oil prices also advanced slightly.
US is open to talks with North Korea, says Pence
The United States and South Korea have agreed to terms regarding further diplomatic engagement with North Korea, according to US vice president Mike Pence who said that talks between Seoul and Pyongyang could eventually link Washington with the rogue nation.
Barclays Bank added to SFO charge sheet over Qatar loan
Barclays' core banking business has been charged by the Serious Fraud Office over its fundraising deal with Qatar at the height of the financial crisis, adding to the charges already brought against the parent holding company and four former executives.