Serco: FTSE 250 firm bags new contract for US Space Force Pituffik base in Greenland August 22, 2024 British outsourcing giant Serco has won a $320m (£250m) contract to manage the electrical modernisation of the US Space Force’s Pituffik Space Base in Greenland. The contract, which began this month, will last four years. Serco will modernise the base’s backup electrical plant, enhancing the capacity and stability of the base’s electrical network. Pituffik Space [...]
Mobico shares jump as National Express owner reports surge in profit August 21, 2024 The FTSE 250 transport operator, formerly National Express, confirmed the sale of its struggling North American unit is underway.
FTSE 250 giant JTC snaps up employer services firm in latest takeover deal August 19, 2024 FTSE 250 corporate solutions firm JTC has struck a deal to expand its employer services division with a new acquisition – the latest in a string of recent takeovers. The London-listed firm, headquartered in Jersey, revealed plans today to acquire the Buck UK and European Share Plan Administration and Trustee Businesses from Arthur J. Gallagher & Co [...]
FTSE 100: UK stocks erase losses from last week’s selloff ahead of economic data dump August 12, 2024 The FTSE 100 reversed its losses from last week's massive global selloff on Monday as investors hunt for bargains and look ahead to a slew of economic data in the coming days.
Violence on the streets has a long tail in terms of stability August 12, 2024 Starmer has built his vision on stability - but the riots could undermine all that, writes Eliot Wilson
Derwent London upgrades rental guidance thanks to ‘world class’ London August 8, 2024 An acceleration in rental growth and a more stable investment environment has helped office giant Derwent London upgrade its rental guidance off the back of “really active demand”, its boss said. In its half-year results this morning, the FTSE 250 office specialist said its income grew but valuations continued their decline. Derwent, which owns flagship [...]
TI Fluid’s shares spike as firm outperforms soft EV market August 8, 2024 Shares at automotive components manufacturer TI Fluid Systems spiked on Thursday despite a dip in revenue as it raised margin guidance and outperformed a weak market. Revenue at the FTSE-250 listed firm, which designs and manufactures thermal management and fluid handling systems, declined by 1.4 per cent at constant currency in the six months ended [...]
FTSE 100: London markets pare losses and US stocks surge after jobless figures August 8, 2024 London markets dropped on Thursday morning, unwinding much of their gains made on Wednesday following a massive sell-off earlier in the week triggered by fears of a US recession.
Panic over? London’s FTSE 100 surges after overnight rally in Asia August 7, 2024 The global market rally picked up the pace on Wednesday with European equities surging after Japanese stocks recorded strong overnight gains. The FTSE 100 was up 1.8 per cent at 8,166.88 while the midcap FTSE 250 gained 1.0 per cent to trade at 20,576.03. The CAC in Paris gained 2.0 per cent while the DAX [...]
FTSE 100: London markets edge higher after Monday’s massive sell-off August 6, 2024 Both indexes recorded big falls yesterday, dropping around 2.0 per cent and 2.8 per cent respectively.