Latest News
Morgan Stanley reiterates 'overweight' on Cairn after selloff
Morgan Stanley reiterated its 'overweight' stance on Cairn Energy following the company's results a day earlier.
Conviviality discovers £30m tax bill that threatens covenants, cancels interim divi
The bad news just kept coming for Conviviality on Wednesday as it announced that it was cancelling the interim dividend that was due to be paid at the end of the week, after its shares were suspended following the discovery of a £30m tax bill that could force the alcohol wholesaler and distributor to break its banking covenants.
FTSE 250 movers: Dignity rises from the ashes; Dairy Crest hit by Peel note
London's FTSE 250 was down 0. 2% to 19,834. 19 in afternoon trade on Wednesday.
Flowtech Fluidpower buying Balu in £10.2m deal
Specialist technical fluid power products supplier Flowtech Fluidpower has entered into an agreement to acquire the entire issued share capital of Balu and its trading subsidiaries, Beaumanor and Derek Lane, for a total consideration of approximately £10. 2m, it announced on Wednesday.
Europe midday: Stocks push higher as ECB strikes dovish note, euro dips
Stocks on the Continent are pushing higher, after the European Central Bank's president struck a 'dovish' note on the outlook for monetary policy.
AfriTin upbeat on latest work at Uis mine
AfriTin Mining, a mining company with a portfolio of near production tin assets in Namibia and South Africa, updated the market on operations at its flagship Uis tin mine in Namibia on Wednesday, reporting the completion of detailed geological mapping over the V1 and V2 pegmatites.
Toys R' Us set to shut all UK stores, 3,000 employees to lose their jobs
Toys R Us are set to start closing all 100 UK stores on Thursday leaving 3,000 staff on the street after the retailer failed to find a buyer, leading to the collapse of the company.
MTI Wireless edges toward merger with majority shareholder MTIC
Flat panel antenna manufacturer MTI Wireless Edge is in preliminary discussions with its majority shareholder, MTI Computers & Software Services (MTIC), for a merger between the two companies.
Which? claims holidaymakers aren't warned about post-Brexit flight cancellations
Which? has revealed that millions of holidaymakers haven’t been warned properly by travel companies of the consequences of a ‘no deal’ on aviation post-Brexit, which includes potential flight disruptions and booking cancellations.
Google bans cryptocurrency advertising from its platforms
Google, the largest provider of digital advertising on the internet, has banned cryptocurrency advertising from all its platforms.
Fall in US retail sales surprises
US retail sales unexpectedly worsened last month in what was the third consecutive month of decline.
Yu Group raises £12m for investments in growth
Independent supplier of gas and electricity to the corporate sector, Yü Group, has raised £12. 0m in gross proceeds, it announced on Wednesday, through a placing of 1. 2 million new ordinary shares at a price of £10. 00 each.
UK expels 23 Russian diplomats over Salisbury nerve agent poisoning
The UK will expel 23 Russian diplomats after the Kremlin failed to explain its involvement in the poisoning of former double agent Sergei Skripal and his daughter Yulia.
WTI dips after US DoE reports 5.0m b/d stockpile increase
US oil product stockpiles shrank at an accelerated rate last week, amid a small increase in the rate of refinery use.
Corero confirms two orders for its 'SmartWall' system
Network security company Corero Network Security announced two orders for its ‘SmartWall’ threat defense system technology on Wednesday, with a combined value of $0. 9m and additional incremental orders expected in 2018.
Morrisons drops as payout on 'continued growth' fails to convince
Supermarket group Morrisons announced a special dividend on top of its annual payout as management expressed confidence that the company will continue to grow sales and profits.
Melrose proposes binding GKN undertakings to MPs
Melrose Industries has sought to reassure MPs about its proposed hostile takeover of GKN by proposing binding commitments on research, pensions and other matters of political concern.
US factory gate prices slightly higher than expected in February
US wholesale prices edged past economists' forecasts in February, but only slightly.
OnTheMarket signs up 1,000 offices since AIM admission
Online property portal operator OnTheMarket announced on Wednesday that, in the first five weeks since admission to AIM, additional agent firms with more than 1,000 offices were now in listing agreements with the company.
LightwaveRF abandons exclusive distribution model
Smart home solutions provider LightwaveRF announced a series of expanded distribution arrangements covering both the UK retail and wholesale sectors on Wednesday - one of which would lead to Lightwave devices being sold by the John Lewis Partnership.