Financial services firm Merchant Securities told investors on Thursday that an offer for the group, if made - following the approach by Sanlam UK the day before - will be satisfied entirely in cash and not in shares of Sanlam. Merchant, which provides investment management, corporate finance, tradi
Read moreJapan Leisure Hotels, which rents out rooms to amorous couples looking for privacy, dropped after it said revenue and EBITDA levels for the year ending 31 December will be lower than current market expectations. Wealth manager Merchant Securities rallied after swinging to a full-year profit of £0.6
Read moreLONDON (Dow Jones)--Merchant Securities Group PLC (MERC.LN), which investment services to private clients and funds, said Thursday that for the year ended March 31, it made a pretax profit of GBP0.6 million compared with a loss of GBP4.6 million. MAIN FACTS: -Revenue increased by 40% to GBP7
Read moreLONDON (Dow Jones)--Merchant Securities PLC (MERC.LN), a financial services group, Tuesday announces two key senior appointments; Lindsay Mair will join the Group's securities business as Head of U.K. Small Cap Sales & Research and Chris Smith has been appointed as a Senior Executive to establish a
Read moreThe blue-chip index finished close to its lowest level of the day as a mid-afternoon rally fizzled out. Sentiment was not helped by the release of a UK gross domestic product forecast by the International Monetary Fund (IMF) which reiterated the body's January forecast of an insipid 1.3% growth rat
Read moreLeading shares trimmed their losses over the lunch time session, but the Footsie remains in the red, in part due to a number of blue-chips going ex-dividend today. BHP Billiton is lower after a statement this morning that it may have broken US anti-corruption laws in some of its exploration project
Read moreSoftware company Corero, which focuses on the banking, securities and education markets, rallied after announcing it has signed an agreement with African Alliance, an investment banking group operating in Africa, for its Blue Curve product suite. Ila's shareholders also cheered a new contract win.
Read moreTelecoms services provider Alternative Networks reported lower revenues and profits as its small business customers spent less. Revenues fell 4% to £89.7m. Cutting £1m from operating costs helped to reduce the effect on profits, although lower interest rates hit interest income. Underlying pre-tax
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