Eco Atlantic Oil & Gas is set to be the latest Canadian firm to list on London’s junior market February 7, 2017 Tomorrow, Eco Atlantic Oil and Gas is set to be the second Canadian energy firm to list on London's Alternative Investment Market (Aim) in a month. The Toronto Stock Exchange-listed company holds Atlantic licences offshore Guyana and Namibia, and said it raised £5m after originally aiming for around £2m to £3m in funds it will use to push ahead [...]
Arrivederci: Barclays ditches more of its Italian non-core assets February 7, 2017 Barclays today announced it has agreed to sell of more of its non-core assets in Italy. The banking giant revealed it would be selling a portfolio of non-core performing and non-performing small business and corporate loans to AnaCap Financial Partners, but did not disclose a sale price. The portfolio, which has a book value of roughly €177m (£152.7m) [...]
Premium Bonds just lost some of their shine, as NS&I slashes rates on four of its key products February 7, 2017 Lady Luck was not on the side of Premium Bond holders this morning, after National Savings & Investments (NS&I) revealed it was slashing rates on four of its products. Along with cutting the prize fund rate for Premium Bonds, NS&I will be lowering the interest rate on its Direct Isa, Direct Saver and Income Bonds [...]
New Look suffers “disappointing” sales drop during crucial Christmas shopping period February 7, 2017 New Look did not have a very merry Christmas, failing to bag a sales boost during the most important period of the year for retailers. The figures New Look said group like-for-like sales fell 4.6 per cent in the 13 weeks to 24 December, with sales in the UK down 4.7 per cent on the same [...]
What did Parliament decide on Article 50 and Brexit last night? And what will they discuss today? February 7, 2017 The government last night defeated four amendments to the Article 50 Bill, but with debate today kicking off around lunchtime, what's the state of play in the House of Commons? Today's Debates This afternoon will be focused on two different categories of amendments. Firstly the Commons will discuss tweaks to an offer of a vote on [...]
Lloyds Banking Group vows to review cases of customers caught up in HBOS fraud, after two ex-bankers jailed February 7, 2017 Lloyds Banking Group today pledged to review the cases of customers who could have been caught up in a fraudulent scheme linked to two former HBOS employees. Last week, two ex-HBOS bankers were among six people jailed for their roles in a ruse to drive small businesses into the ground for their own personal gain, running up [...]
Bellway boosted by strong affordable housing demand in London February 7, 2017 Bellway's share price has climbed three per cent this morning after the company reported a boost in sales due to a "significant" requirement for affordable housing in London. The figures Bellway increased its housing completions by 6.5 per cent for the six months ending 31 January; volumes reached 4,462, up from 4,188 during the same [...]
Deutsche Boerse board expresses “full confidence” in chief executive Carsten Kengeter amid insider trading probe February 7, 2017 Deutsche Boerse chief executive Carsten Kengeter has the “full confidence” of his board amid an insider trading probe relating to the company’s merger with the London Stock Exchange. The company’s supervisory board met yesterday to discuss the allegations against Kengeter “thoroughly and intensely”, Deutsche Boerse said. Read more: Spotlight falls on LSE-Deutsche Boerse merger: Who knew [...]
DCC shares spike after it announces a new energy acquisition with ExxonMobil’s Norwegian unit February 7, 2017 Shares in DCC have surged after the company's energy arm said it will buy the retail petrol station network of ExxonMobil's Norwegian unit, Esso Norge, for 2.43bn Norwegian krone (£235m). The company rose to the top of the FTSE 100 index this morning, and its shares were up 6.67 per cent at 6,800p in early trading. Dublin-based DCC, which [...]
Forget contactless, train tickets could soon use fingerprints and facial recognition February 7, 2017 Ambitious plans to bring train travel into the 21st Century could replace paper tickets and even forward-thinking contactless payments with fingerprints and iris scanning. “Britain’s railway exists to drive our economic prosperity. A 21st century railway offers opportunities for businesses to grow by bringing more technology to the railway more quickly. Everyone in the railway [...]