Svenska Handelsbanken is to expand in the UK
BREXIT BOOST One of Sweden’s biggest banks has outlined plans to expand in the UK in a major vote of confidence in Brexit Britain.
Anders Bouvin, chief executive of Svenska Handelsbanken, said: ‘We can’t see that Brexit will affect the demand for our products at all.’
EURO MOVE US giant Citigroup will open an EU hub in Frankfurt in a move that could see up to 200 jobs leave the UK.
PROFITS HIGH Cold medicine maker Vernalis said profits will come in higher than expectations following a jump in demand.
SALES LIFT Healthcare firm Alliance Pharma’s sales jumped 8 per cent over the first half of the year, boosted by sales of its scar reduction and age-related vision loss products.
METAL BOSS Molten metal engineer Vesuvius has appointed steel industry veteran Patrick Andre as chief executive.
TAKEOVER BLOW Broker Panmure Gordon saw shares suspended after a £15.5million takeover by former Barclays boss Bob Diamond and Qatari investment bank, QInvest.
TOUGH LOSS Struggling cyber-security firm NCC made a £53.4million loss despite the demand for protection from hackers. The loss was largely in line with expectations.
DEAL BOOST Contract wins with John Lewis and Asda helped voucher software firm Eagle Eye boast rising sales. In the year to the end of June sales were up 71 per cent to £11.1million from £6.5million the year before.
EARNINGS FALL Uncertainty in the run up to the Brexit vote and one-off costs caused profits at investment firm Walker Crips Group to fall to £804,000 in the year to the end of March, from £944,000.
GOLD RUN Mali-focused gold miner Hummingbird Resources said its Yanfolila Gold project is progressing well, with first gold due to be poured by the end of 2017.
CLOTHES LAUNCH Luxury clothing retailer Brora is launching in John Lewis department stores in Glasgow, Cambridge and Southampton this autumn.
STRONG OUTLOOK Defence giant Lockheed Martin has raised its full-year outlook after strong F-35 fighter jet sales helped boost its second quarter results.
Total company revenue was £9.7billion, compared with £8.9billion a year earlier.