Spread-betting firm London Capital Group (LCG) announced lower half-year revenue, forecast a drop into the red and said it was launching a cost-cutting drive. LCG, which owns Capital Spreads, said first-half revenue from continuing operations dropped to £9.2m from £15.2m a year ago. It expects an
Read moreSpread-betting firm Spreadex is mulling its next steps after embattled rival London Capital Group rebuffed its £16.7m takeover bid. Spreadex said it was "considering its options" after LCG, which owns Capital Spreads, turned down its 30p per share offer. The suitor said no discussions were taking
Read moreEmbattled spread-betting firm London Capital Group has allegedly turned down a number of takeover bids that, according to media speculation, would benefit shareholders more than the financing it will put to them at an emergency meeting on Thursday. The spread-betting and CFD company recently propos
Read moreLONDON (Alliance News) - Bank of England policymakers unanimously decided to leave the key interest rates and asset purchase programme unchanged at the monetary policy meeting held on June 4 and 5, the minutes of the meeting showed Wednesday.
All nine members of the Monetary Policy
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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Royal Dutch Shell, up 1.9%. The oil major and state-owned China National Offshore Oil Corpor
LONDON (Alliance News) - London Capital Group Holdings PLC said Tuesday that it plans to raise up to GBP17.5 million through a proposed financing as part of its plan to return to growth. The company said that GLIO Holdings Ltd, an investment company led by Charles-Henri Sabet, will subscrib
Read moreLONDON (Alliance News) - London Capital Group Holdings PLC Friday said it swung to a first-quarter GBP400,000 pretax loss from a GBP700,000 pretax profit a year earlier as it unveiled a placing of about GBP15.0 million in convertible loan notes. London Capital said GLIO Holdings Ltd, an inv
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