Latest News
Gresham House acquisition of FIM Services gets FCA green light
Specialist alternative asset manager Gresham House has received formal approval from the Financial Conduct Authority for the proposed acquisition of FIM Services by its wholly-owned subsidiary Gresham House Holdings, it announced on Thursday.
Repeat business and new lines a winner for Churchill China
Hospitality ceramics manufacturer Churchill China has made “good progress” against its objectives in the year-to-date, its shareholders heard on Thursday.
Deutsche starts Wizz Air at 'buy', sees 'significant opportunity'
Analysts at Deutsche Bank initiated coverage on budget carrier Wizz Air on Thursday, choosing to hit the group's shares with a 'buy' rating right out the gate.
Ceramics and home fragrances drive growth at Portmeirion
Portmeirion Group reported a 15% rise in total group sales for the first four months of 2018 on Thursday, as its shareholders mustered for the company’s annual general meeting.
Staffline trading in line despite tight labour market
Recruitment company Staffline traded in line with board and market expectations in the first four months of 2018, it said on Thursday, as investors gathered for its annual general meeting.
Citi sees Cineworld risk/reward case 'skewed towards the upside'
With Cineworld off to a good start in 2018, analysts at Citi reiterated their 'buy' rating on the firm's shares on Thursday, seeing their risk/reward profile as "still being skewed towards the upside".
Elecosoft starts 2018 strongly as revenue and profits rise
Elecosoft updated the market on its trading on Thursday, saying 2018 started “well” with revenue for the four months ended 30 April, based on unaudited management accounts, increasing by 7% year-on-year at both actual and constant rates of exchange.
Friday preview: All attention on AstraZeneca and Hikma numbers
After three packed days of company news, London's diary for Friday is much lighter, with quarterly numbers from drug makers AstraZeneca and Hikma getting the full attention of investors.
US Philly Fed index rockets in May, hiring strengthens
Perhaps the most closely-followed lead indicator for factory sector activity in the States jumped past forecasts in May as new orders rocketed.
Mothercare swings to loss, confirms store closures and announces refinancing
Beleaguered mother and child retailer Mothercare has confirmed the closure of 50 stores, announced a refinancing package and said it was re-hiring chief executive Mark Newton-Jones, who stepped down last month, as it swung to a full-year pre-tax loss.
Thursday broker round-up
Petrofac: Kepler Cheuvreux downgrades to hold with a target price of 660p.
Motif Bio looks to raise £10m via accelerated bookbuild
Clinical-stage biopharmaceutical company Motif Bio is looking to raise up £10m by way of a conditional placing with new and existing investors in order to assist the firm with regulatory and other investments for iclaprim, its novel antibiotic candidate.
Avesoro Resources 'pleased' with assay result from Liberia drilling programme
Gold production, development and exploration firm Avesoro Resources announced reported on Thursday on the final assay results from its 55 hole New Liberty infill drilling programme in Liberia.
Downing Street dismisses reports UK will stay in customs union past 2021
Prime Minister Theresa May on Thursday dismissed a media report the government is planning for the UK to stay in the European customs union after 2021.
Walmart posts earnings beat as revenue rises
Walmart beat earnings forecasts and posted an improvement in total revenue for its first quarter on Thursday, with the figure coming in at $122. 7bn - an increase of $5. 1bn, or 4. 4%.
UK govt launches fracking fund and planning service to help councils, developers
To speed planning permission for fracking projects in England, ministers have launched a fund to help local authorities deal with shale applications and a new 'planning brokerage service' to help both developers and local authorities with the application process.
US weekly unemployment claims increase by more than expected
US jobless claims for last week increased by moderately more than markets were expecting.
Asia report: Markets mixed as US and China begin second round of talks
Markets in Asia finished Thursday’s session mixed, as investors kept watch on the second round of trade talks between the US and China.
Europe midday: Markets move cautiously higher ahead of expected coalition deal in Italy
European stocks are seeing moderate gains on the heels of the previous session's advance on Wall Street, even as US government bond yields continued their climb higher on Wednesday, but with traders keeping a close eye on political events unfolding in Italy.
Horizon Discovery 'sorry' to see departure of experienced director Jonathan Milner
Gene editing and gene modulation technology firm Horizon Discovery Group announced on Thursday that non-executive director Jonathan Milner is stepping down from his role with immediate effect.