Latest News
Haydale CEO quits alongside profit warning
Advanced materials group Haydale Graphene Industries warned investors on Wednesday that revenues and losses for its current trading year were set to fall below expectations as a result of timing issues with several contracts.
Dixons Carphone hit by new cyberattack as 6m cards hacked
Card data of 5. 9m customers held by Dixons Carphone has been accessed by hackers, the retailer revealed on Wednesday, with records on 1. 2m customers containing non-financial personal data also accessed.
Serious lack of diversity on UK radio, Ofcom says
Ethnic minorities, disabled people and women are all under-represented in the UK’s radio industry, according to a new study revealing a lack of diversity across the sector’s workforce.
Biffa benefits from strong industrial demand for landfill, CEO quits
Waste management company Biffa reported 10% growth in annual underlying profit and after putting changes in place to cope with the "new norm" of tighter Chinese import regulations on recyclable commodities, chief executive Ian Wakelin has stepped down.
UK inflation stalls to weaken case for August rate rise
Inflation was unchanged at 2. 4% in May, further weakening the case for the Bank of England to increase interest rates in August.
Barclays downgrades Boohoo on valuation, brand slowdown
Boohoo’s valuation is no longer "standout cheap" and the brand is slowing, Barclays said as it cut its stance on the stock to ‘equalweight’ from ‘overweight’.
Europe open: Slight gains ahead of key Fed decision
Stocks have started the session slightly higher as investors wait on the result of the US central bank's policy meeting later in the day.
Wetherspoon to dump Champagne for Surrey fizz
JD Wetherspoon chairman Tim Martin put his money where his Brexiteering mouth is on Wednesday, announcing that the pub chain would switch out a number of its continental drinks for alternatives made in the UK and outside the EU from 9 July.
Charles Stanley profit up 30%, expects greater volatility
Wealth manager Charles Stanley posted a 30% jump in full-year pre-tax profit on Wednesday but cautioned that it expects greater volatility and lower returns going forward.
Team17 confirms August launch for Overcooked 2
Independent video games developer and label Team17 announced on Wednesday that Overcooked 2, the sequel to the double BAFTA-winning cooking game in the “chaotic co-op” genre, will launch on 7 August on the Xbox One, PlayStation 4, Nintendo Switch and PC platforms.
Bango seals carrier billing deal with Chilean operator
AIM-listed mobile commerce company Bango has inked a deal that will allow subscribers of Chile's largest mobile phone network to pay using their phone bill for content and services sold in Google Play.
Glencore's Katanga settles DRC legal dispute over Kamoto
Glencore’s Katanga Mining subsidiary has settled a legal dispute with its state-owned joint venture partner in Democratic Republic of the Congo that threatened to dissolve Katanga’s DRC operating subsidiary Kamoto Copper Company (KCC).
AT&T given green light for Time Warner takeover by US courts
A US federal judge cleared AT&T's planned acquisition of Time Warner overnight, drawing to a close the six-week antitrust trial which saw regulators and the White House argue that the $85bn deal would give AT&T undue leverage.
London open: Stocks nudge down ahead of inflation figures, Fed announcement
London stocks slipped in early trade on Wednesday as investors erred on the side of caution ahead of the latest UK inflation data and a policy announcement from the Federal Reserve.
PwC fined £6.5m over misconduct in BHS audit
The accounting regulator has fined PwC £6. 5m for misconduct related to the audits of Philip Green’s BHS before the retail chain’s collapse.
London pre-open: Stocks seen muted ahead of inflation data, Fed announcement
London stocks were set for a muted open on Wednesday as investors eyed the latest UK inflation data and a policy announcement from the Federal Reserve.
Mulberry profits slip on Asia costs; to set up new Korea business
British luxury brand Mulberry posted a drop in annual profit on Wednesday on the back of start-up costs for its operations in Asia, as it announced a new business agreement in South Korea.
Wednesday newspaper round-up: AT&T, WPP, Co-op Bank, Serco boss
The senior PricewaterhouseCoopers accountant who audited BHS’s accounts ahead of its sale for £1 just a year before the department store chain collapsed is facing a 15-year ban and six-figure fine from the industry watchdog. Steve Denison, who spent more than 30 years at PwC according to his LinkedIn profile, becoming a partner, is understood to have been facing a £500,000 fine from the Financial Reporting Council (FRC), reduced to £325,000 after he agreed to cooperate.