Editor's Picks
London pre-open: FTSE to track US lower ahead of GDP Q1 revision
Tuesday 24 Jun 2014
UK stocks are headed for a sharp drop early on following late losses over in the States last night, which saw the Dow Jones suffer triple-digit losses and prompted declines in Asia overnight.
easyHotel raises £30m to roll out 'super budget' concept
Tuesday 24 Jun 2014
Hotel operator easyHotel, the budget chain owned by easyJet founder Stelios Haji-Ioannou's easyGroup, has only raised half the £60m it was aiming for as it priced its initial public offer (IPO) on AIM.
CBI retail sales crash in June could delay BoE rate rise
Tuesday 24 Jun 2014
New retail sales figures have blotted the UK economy's copybook, as retail sales growth slowed badly in June, dampening expectations for a potential Bank of England rate rise.
London midday: Stocks slip as investors weigh MPC comments, German data
Tuesday 24 Jun 2014
UK stocks erased early gains and were trading in the red by Tuesday lunchtime as investors digested comments from Bank of England policymakers and disappointing economic data from Germany.
As summer comes around, French air traffic controllers strike again
Tuesday 24 Jun 2014
It’s that time of year again. Yes, the season of French air traffic controllers’ strikes – summer.
Market overview: Putin cancels authorisation to use force in Ukraine
Tuesday 24 Jun 2014
1119: Russian President Vladimir Putin has asked lawmakers to cancel the authorisation to use force in Ukraine, according to Bloomberg.
LIVE: Iraq conflict
Tuesday 24 Jun 2014
11:45 The Iraqi Prime Minister Nouri Maliki has confirmed that air strikes have been carried out by Syrian forces, according to the BBC. The fighter jets on Tuesday dropped bombs on Isis militants occupying the Iraqi border town Qaim. Maliki was quoted as saying that while the attack had not been requested, he "welcomed" the assistance.
Balfour Beatty and Babcock JV wins construction contract with Sellafield
Tuesday 24 Jun 2014
Balfour Beatty's joint venture (JV) with Babcock International's wholly-owned Cavendish Nuclear has been contracted for the third phase of the construction of a £160m maintenance facility at the biggest nuclear plant in the UK.
RBS promises more branch closures, stays neutral on Scottish independence
Tuesday 24 Jun 2014
Royal Bank of Scotland intends to continue slimming down its branch network as high street transactions decline and online banking soars.
Land Securities sells Sunderland shopping centre for £152m
Tuesday 24 Jun 2014
Property group Land Securities is to sell Sunderland shopping centre, The Bridges, to clients of AEW Europe for £152m.
Carpetright profits dive on weak Dutch performance - UPDATE
Tuesday 24 Jun 2014
Annual profits plunged by more than 50% at flooring specialist Carpetright, hit by net finance charges, a particularly weak market in the Netherlands and ongoing challenges across all its regions.
AMCU calls end to South Africa platinum mining strike
Monday 23 Jun 2014
A five-month miners' strike in South Africa could soon come to an end after a union leader announced on Monday that wage disputes were "officially over".
Full-year profit soars at Carphone Warehouse
Monday 23 Jun 2014
FTSE 250-mobile phone giant Carphone Warehouse unveiled a robust set of full-year figures, upped its dividend payment by 20% and gave a positive outlook a day after its merger with Dixons received EU approval.
IAG's shares hit by threats of British Airways strike
Monday 23 Jun 2014
International Consolidated Airlines’ (IAG) stock slumped as cabin crew at its UK carrier British Airways threated to strike over salary conditions.
London close: Negative finish for FTSE as housebuilders drag
Monday 23 Jun 2014
London's blue chips ended today's session in the red, hit by housebuilders, declines in the States early on and nerves about the situation in Iraq.
Tate & Lyle poaches CFO from PepsiCo
Monday 23 Jun 2014
Sugar and ingredients group Tate & Lyle has appointed a new Chief Financial Officer (CFO) poached from PepsiCo.
London midday: Stocks fall on Iraq conflict, but Kentz rockets
Monday 23 Jun 2014
UK stocks pared losses on Monday morning but were still trading firmly in the red by midday as ongoing tensions in Iraq continued to dampen risk appetite.
Kentz shares rocket on recommended £1.2bn SNC-Lavalin offer
Monday 23 Jun 2014
Shares in Kentz Corporation soared by as much as a third on Monday after the energy services company received a £1.2bn cash offer from Canadian rival SNC-Lavalin.
Tuesday newspaper round-up: Shire, Tesco, French air traffic
Monday 23 Jun 2014
Shire boss Flemming Ornskov on Monday admitted a higher offer from its US rival AbbVie could result in a takeover of the Irish drugmaker as he fleshed out his ambitions to double annual sales by 2020. Mr Ornskov, who has led Shire for just over a year, said he would not stand in the way of a potential transaction if the board believed it would deliver shareholder value. "Look at my track record.
Shire to build defence against AbbVie takeover
Monday 23 Jun 2014
Biopharmaceutical firm Shire is to host a call with investors on Monday in an attempt to build its defence after rejecting a £27bn takeover bid from AbbVie last week.
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