Latest News
Camellia exempted from new Bangladeshi legislation
Camellia shares were on the rise after the government of Bangladesh declared that the tea industry was to be exempt from new retirement legislation.
Iomart's new acquisitions boost revenue but profits dip
Iomart failed to improve first-half profits despite an increase in first-half revenue thanks to a strong contribution from newly acquired businesses in its cloud services segment.
International money laundering crackdown sparks 168 arrests
A coordinated European money laundering crackdown involving police forces from 30 nations has arrested 168 people between September and November.
Quartix expects earnings to top market expectations
Tracking systems provider Quartix expects full-year profits to exceed market expectations after a change in accounting practices and some "strong progress" in its core fleet business in the USA and France.
Ixico jumps as new contract wins help to slash losses
Data analytics outfit Ixico leapt on Tuesday after narrowing its full-year loss and increasing revenue by securing £15m of new and expanded multi-year client contracts.
Consort Medical to take £3m hit from delays to Mylan's Wixela inhaler
Drug and delivery device company Consort Medical was under the cosh on Tuesday as it warned that pre-tax profit for the current financial year will take a £3m hit from delays to its generic Advair programme.
Supermarket sector speaks out against Sainsbury's-Asda merger
Grocers including Tesco, Morrisons, Lidl and Waitrose have warned antitrust regulators that the proposed £12bn merger between Asda and Sainsbury’s would severely affect the competition in the supermarket sector.
UK construction sector remains resilient in face of Brexit
UK construction activity strengthened last month, despite companies worrying that worries about Brexit are undermining demand.
BT discount to peers unwarranted, says Goldman
BT's discount to peers is "increasingly unwarranted", Goldman Sachs said on Tuesday as it lifted the stock to 'buy' from 'neutral' and upped the price target to 320p from 240p, noting implied upside of 24. 7%.
Deutsche Bank ups Rightmove to 'buy', cites attractive valuation
Rightmove was the standout gainer on the FTSE 100 on Tuesday as Deutsche Bank upped the stock to 'buy' from 'hold' and lifted the target price to 530p from 440p, highlighting its attractive valuation.
Sirius Petroleum acquires stake near-term producer
Sirius Petroleum has struck a deal that will provide the Nigeria-focused oil and gas outfit with access to near-term production growth and low-risk exploration potential.
London open: Stocks edge higher as focus shifts back to Brexit
London stocks edged a little higher in early trade on Tuesday as the trade truce rally ran out of steam and investors shifted their attention back to Brexit.
IG Group revenue dips amid storm of new regulations
Online trading provider IG Group Holdings updated the market on its first half ended 30 November on Tuesday, reporting that revenue for the period was expected to be around 6% lower than in the same period in the 2018 financial year, which was a record for IG.
Wizz Air continues to see solid growth in November
Central and Eastern Europe-focussed airline Wizz Air issued its passenger statistics for November on Tuesday, reporting an 11. 2% improvement year-on-year in passenger numbers, to 2,400,337.
Victrex profits rise as it stocks up ahead of Brexit
FTSE 250 polymer maker Victrex reported a jump in full-year profit on Tuesday as it said it was stockpiling ahead of Brexit.
Ascential sees EBITDA of £101m - £103m
Information company Ascential said it expected full year adjusted profit before expenses to be £101m - £103m against a consensus £103m and was on track to hit its medium-term double digit organic growth target.
Tuesday newspaper round-up: Banks, Sainsbury's, trains, retailers
Financial institutions are coming under pressure from countries in the European Union to relocate more of their business from London ahead of Brexit, the City regulator has warned. Andrew Bailey, chief executive of the Financial Conduct Authority, said that companies were being lobbied to move operations to rival trading centres as countries look to maximise the amount of business they win from Brexit at the expense of the City. - The Times.
Balfour Beatty repays £252.7m convertible bond
Infrastructure group Balfour Beatty has completed the repayment of its £252. 7m convertible bond, it announced on Tuesday.
Coats takes strategic investment in digital start-up
FTSE 250-listed thread manufacturer Coats Group has bought a stake in a start-up company developing a "digital thread dyeing" technology.
St. Modwen Properties pleased with performance at year-end
St. Modwen Properties updated the market on its full-year ended 30 November on Tuesday, ahead of its final results, reporting that it continued to deliver well against its stated strategic objectives during the period.