Latest News
Mothercare to close 60 stores; seeks £32m from shareholders
Mothercare on Monday went cap-in-hand to shareholders in an effort to raise £32. 5m through a one-for-one placing and open offer at 19p a share as it revealed it was now shutting 60 shops instead of the 50 originally earmarked.
Alibaba in talks with BT Group over possible cloud partnership
BT Group is in talks with Alibaba over a cloud services partnership that would help the Chinese digital giant enter into European markets with a challenge to part of Amazon's business.
Chinese banks told to lower lending costs for smaller firms
Chinese lenders have been instructed to cut their rates on loans to small firms this quarter.
N4 Pharma's Viagra reformulation fails to meet trial targets
Specialist pharmaceutical company N4 Pharma announced the initial findings from analysing the preliminary results of the pharmacokinetic data from its clinical trial for the reformulation of sildenafil - commonly known and sold as ‘Viagra’ - on Monday.
Two Shields pours £0.15m into WeShop
Two Shields Investments announced a £0. 15m strategic investment in digital social network platform WeShop on Monday.
Gateley Holdings taking over Kiddy & Partners
Professional services group Gateley Holdings announced the acquisition of Kiddy & Partners - an assessment, talent management and leadership development consultancy - on Monday.
Europe open: Stocks track gains on Wall Street and in Asia
Stocks across the Continent have started the morning moving higher, tracking gains on Wall Street last Friday, and overnight in Asian trading, although traders remained cautious, especially regarding the risk of an escalation in protectionist trade measures around the world.
Dominic Raab appointed as UK Brexit Secretary after Davis resigns
UK Prime Minister Theresa May appointed Dominic Raab as her new Brexit Secretary after David Davis sensationally resigned from the UK government on Monday, a day after warring ministers appeared to have reached a consensus over Britain's exit plan from the European Union.
Frontier Smart Technologies appoints new non-executive director
Frontier Smart Technologies appointed Paul Taylor to its board on Monday as a non-executive director and chair of the group's audit committee, effective immediately.
Residential Secure Income becomes registered social housing provider
Residential Secure Income announced on Monday that, through its wholly-owned subsidiary ReSI Housing, it has become the first publicly-listed investment fund to become a registered provider with the Regulator of Social Housing.
Veltyco confirms it won't be acquiring BTTY
Veltyco updated shareholders on its potential acquisition of Ruleo Alpenland, a company that operates the BTTY branded sportsbook in Germany and Austria, on Monday.
Legendary Investments swings to profit
Legendary Investments updated the market on its trading, ahead of its figures for the year ended 31 March on Monday, reporting that investments were up 46. 5% to £6. 2m for the year.
Hikma agrees MENA deal to distribute Perrigo's OTC products
Hikma Pharmaceuticals has signed a licensing and distribution agreement to distribute more than 30 of Perrigo's over-the-counter consumer healthcare products in the Middle East and North Africa.
Irish Continental says repairs to Dublin-Holyhead ferry taking longer
Irish Continental Group said on Monday that the Ulysses, operated by its subsidiary Irish Ferries on the Dublin-to-Holyhead route, reported technical difficulties with its starboard controllable pitch propeller on 24 June.
Park Group lands gift-card collaboration deal with Topshop owner
Park Group has signed new collaborations with retail businesses Arcadia Group, Wynsors World of Shoes, Office Outlet, DJM Music and Fat Face.
Purplebricks wraps up Canadian acquisition
Online estate agent Purplebricks has completed its C$51m acquisition of Canadian peer DuProprio/ComFree.
Creo Medical targets Southern African market with new distribution deal
Surgical endoscopy device company Creo Medical on Monday entered into a framework distribution agreement with First Medical Company.
BT prepares sale of City of London headquarters
BT Group is preparing to sell off its London headquarters in St Paul’s after almost 150 years in as part of its operations rejig that aims to cut £1. 5bn of costs within three years.
Kibo Mining settles balance of payment facility
Africa-focused energy company Kibo Mining has settled the outstanding balance of its forward payment facility with a new share issue priced at a premium.
London open: Stocks climb as miners rally, Brexit Sec Davis resigns
London stocks rose to their highest level in almost a fortnight on Monday morning even in spite of the resurgent pound as Brexit Secretary David Davis resigned from the government.