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UK PFI companies should pay windfall tax, say unions, MP
Companies running contracts under the controversial private finance initiative should be forced to pay a windfall tax, trades unions and MPs said on Monday.
Credit Suisse slashes Talk Talk target, sceptical of company's growth targets
Analysts at Credit Suisse reiterated their 'underperform' stance on shares of TalkTalk, slashing their target price in the process, to reflect the company's £200m share placing and its analysts' now lower medium-term forecasts for the firm's operating profits.
FTSE 250 movers: Fidessa and Spectris rally; TalkTalk hit by CS note
London’s FTSE 250 was down 0. 2% to 19,690. 16 in afternoon trade on Monday, as investors paused for breath after last week’s gains and ahead of a busy week.
McColl's like-for-like sales head south after Palmer and Harvey enters administration
Neighbourhood retailer McColl's saw total revenue jump 19. 1% to £1. 13bn in the twelve months leading to 26 November, but disruptions to its supply chain in the wake of wholesaler Palmer and Harvey entering into administration hit sales after the reporting period.
Jefferies upgrades Fidessa, says margins on upward trend
Jefferies upped its rating on Fidessa to ‘buy’ from hold’ on Monday and hiked the price target to 3,100p from 2,400p following the company’s full-year results, pointing to the emergence of clarity on future margin evolution.
UK meat supplier Russell Hume goes into administration
Meat supplier Russell Hume was placed into administration on Monday with the loss of more than 260 jobs after an investigation by the Food Standards Agency led to a major product recall.
FTSE 100 movers: Reckitt weighs on index; Barratt in favour
Reckitt Benckiser weighed on the FTSE 100 as the index struggled to make any headway on Monday afternoon.
Green reportedly eyes Arcadia sale; MPs warn on pension deficit
Retailer Sir Philip Green is reportedly in talks on a full or partial sale of his Arcadia empire to Chinese interests, UK media reported on Monday, sparking concerns about how pensioners would be protected if a deal was agreed.
Balfour Beatty sells further 5% stake in Connect Plus
Infrastructure group Balfour Beatty has announced the sale of an additional 5% in Connect Plus, the company which operates the M25 orbital motorway, to funds managed by Equitix for £42m in cash.
UK house prices rise 0.8% in February - Rightmove
The average asking price of a UK home rose 0. 8% on the month in February, or £2,414 to £300,001, following a 0. 7% jump the month before, according to figures released by Rightmove.
BATM ups 2018 guidance on the back of strong second half results in 2017
Real-time networking solutions provider BATM Advanced Communications told investors on Monday that full-year revenue would come in ahead of market expectations after its networking and cyber division, and its biomedical wing, both saw stronger than expected growth throughout 2017.
Asia report: Markets mostly higher as China remains closed
Markets in Asia were mostly higher in a quiet session on Monday, with Greater China bourses still on holiday for the Lunar New Year.
United Oil and Gas appoints Kenmare's Graham Martin to board
London-based investment firm United Oil and Gas appointed Kenmare Resources director Graham Martin to the board as a non-executive chairman with immediate effect.
Baker Steel Resources' largest investment offloads Russian silver mine
Guernsey-based investment company Baker Steel Resources advised investors that Polar Acquisitions (PAL), its largest investment, has agreed to sell its interest in the Prognoz silver mine in Russia to its Channel Island neighbour, Jersey-based Polymetal International, in a deal worth more than $70m.
Physiomics narrows losses despite sliding revenues
Computational biology services provider Physiomics saw revenue drop 57% to £74,000 over the six months leading to 31 December, but the Oxford-based firm believed that a resurgence of interest in rational drug design was just around the corner.
Theresa May announces review of costly university tuition fees
Theresa May plans to review the cost of tuition fees for 2019 as part of the Government’s 'value for money' initiative for British students after coming under pressure from the Labour party.
Grafton buys Leyland SDM for £82.4m
FTSE 250 merchanting and DIY group Grafton has acquired London-based independent specialist decorators’ merchant Leyland SDM for £82. 4m on a debt-free, cash-free basis.
Xtract Resources collaboration will create "fast track hard rock operation"
Xtract Resources announced a collaboration agreement between its subsidiary Explorator Limitida and Omnia Mining on Monday.
Surgical Innovations subsidiary lands UK distribution deal with Swiss outfit
Surgical Innovations announced on Monday that its subsidiary Elemental Healthcare has signed a three year distribution deal with a Swiss company.