Latest Economic and Market News

Personal Assets Trust has issued 1,326 ordinary shares from its block listing facility at £358.40 per share. The company's issued share capital now consists of 1,703,095 ordinary shares. There...

Trading in Global Ports Investments' shares has been suspended from the London Stock Exchange pending an announcement. Story provided by StockMarketWire.com

Energy Technique has completed the buy-back of 470,000 ordinary shares from Elsina Limited at 42.5p apiece. These shares will be cancelled. Elsina now holds 470,000 Energy Technique shares -...

Blackstar has bought back 1,250,000 ordinary shares at 79p apiece to be held in treasury and now has 82,088,422 shares in issue. At 2:08pm: (LON:BLCK) share price was 0p at 79.75p Story...

RusHydro has reduced its stake in Yakutskenergo. RusHydro's ownership of Yakutskenergo's voting shares held indirectly via the company's subsidiary RAO ES of East has been reduced from 57.6267%...

New orders for manufactured durable goods excluding transportation in April - so-called core durable goods - increased by 1.3% to $154.99bn in April, according to the US Department of Commerce....

New orders for manufactured durable goods in April increased $7.2bn or 3.3% to $222.6bn, according to the US Department of Commerce. This increase, up two of the last three months, followed a...

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Lombard Medical Technologies (AIM: LMT), the specialist medical technology company focussed on innovative vascular products, has announced that it proposes to raise £21m (before expenses) through a...

Titania Internet Ventures has announced that Playasol, the company's wholly owned Cyprus incorporated trading subsidiary, has suspended the operation of its "BIDPANDA.COM" business-to-consumer...

After big drops yesterday shares on most of the main European markets showed further falls during the morning. Early on the picture was a little stronger but very soon prices began being marked...

European Central Bank (ECB) president, Mario Draghi, has predicted that three of the weaker eurozone economies are showing signs of recovery. Speaking in London he said that the three, Ireland,...

Shares in cycle and autoparts retailer, Halfords, had fallen nearly 5% by mid morning after it reported that underlying annual earnings before interest, tax and non-recurring items were down to...

British Sky Broadcasting has bought back 289,374 shares from News UK Nominees for cancellation. The price paid by the company was 786.7753 pence per share. At 9:59am: (LON:BSY) British Sky...

BP has bought back 4,876,000 ordinary shares at prices ranging from 480.60p to 473.90p apiece for cancellation. At 9:55am: (LON:BP.) BP share price was +2p at 479.5p Story provided by...

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The BBA said today gross mortgage borrowing of £7.8bn in April was marginally below the recent monthly average. Historically, the difference between gross borrowing and capital repayment produced...

Alkane Energy has completed its acquisition of certain of the coal mine methane assets of Maltby Colliery and the associated £6.0m fundraising announced on 22 May. The acquisition and the...

BBA statistics director, David Dooks said: “New household borrowing totalled over £16 billion in April. This monthly level has been fairly constant recently and with various Government schemes,...

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The BBA, CBI and EEF have written to the President of the European Council, Herman Van Rompuy to call for the current proposals for the FTT to be substantially reconsidered. The letter argues that...

Kennedy Ventures is currently reviewing a number of potential investment opportunities after recently investing in a portfolio of listed companies and one unquoted company. The company says that,...

Computacenter is proposing to make a one-off return of 48.7p per share - approximately £75m or about 10.8% of its current market capitalisation - to shareholders. The return will be made using a...

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Commenting on the GDP second estimate for Q1 2013, published today by the ONS, John Longworth, Director General of the British Chambers of Commerce (BCC) said: “Any growth, however small, is good...

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Falcon Oil & Gas has agreed to buy Sweetpea Petroleum's 24.22% interest in Falcon Oil & Gas Australia. FOGA is a subsidiary of Falcon and is the registered holder of four exploration permits in...

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AIM-quoted Omega Diagnostics has conditionally raised £4 million before expenses through a placing and subscription. The placing was for 23.5 million new shares. The subscription was for 29,412...

Inland Homes has conditionally raised approximately £4.9m, before expenses, through the issue of 18,299,948 new ordinary shares at 27p each to existing and new institutional shareholders....

CIC Mining Resources, the consulting and advisory firm, will change its Company name to CIC Capital Ltd with effect from 31 May. The Company's ISIN will remain the same but the TIDM will change...

Croda Internationalhas completed the acquisition of the speciality products business of Arizona Chemical based in Jacksonville, Florida. The acquisition adds a portfolio of class leading oil...

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A brief summary of Friday's main business headlines... Extensive coverage of market slump, HSBC settlement doubts, Halfords, FlyBe, ENRC, Tesco..... FINANCIAL TIMES P&G brings back veteran Lafley...

Sales of new single-family houses in April 2013 were at a seasonally adjusted annual rate of 454,000, according to estimates released jointly by the US Census Bureau and the Department of Housing...

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The Markit 'flash' US Manufacturing Purchasing Managers’ Index fell for the second month running in May, falling to its lowest reading since last October. At 51.9, down marginally from April’s...

Upward momentum in US house prices remained strong in the first quarter of this year, rising 1.9% from the previous quarter, according to the Federal Housing Finance Agency House Price Index....

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US initial unemployment claims fell to 340,000 in the week ending 18 May - a decrease of 23,000 from the previous week's revised figure of 363,000. The US Department of Labor said the four-week...

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