Nightcap proposal rejectedExisting fundraising and restructuring plan preferredRevolution open to further offers after recapitalisationEmbattled premium nightclub operator Revolution Bars (RBG:AIM) has rejected a proposal from Nightcap (NGHT:AIM) so it can proceed with its existing £12.5 million fundraising and restructuring plans.The board said diverting from its intended course to deliver the a

London's FTSE 100 finished Wednesday's trading session 0.36% lower at 7,248.89 points as investors fretted over interest rates and oil majors Royal Dutch Shell (RDSB) and BP (BP.) weighed on the blue chip benchmark, the shares off 1.75% to £16.29 and 2.9% to 334.85p respectively.The US Federal Reserve was set to announce its rates decision later on Wednesday, with the Bank of England following on

London's FTSE 100 traded lower by midday on Wednesday, the blue chip benchmark marked down 0.4% to 7,246.42, as nervousness built ahead of two key central bank decisions.The US Federal Reserve was set to announce its rates decision later on Wednesday, with the Bank of England following on Thursday.Overnight, US equity markets were firmer with the Nasdaq Composite edging 0.34% higher at 15,649.60,

Shares in late night bars operator Nightcap (NGHT:AIM) leapt 11.5% higher to 21p after the company said full-year results for 2022 will be significantly ahead of expectations.The company said for the first 13 weeks of the 2022 financial year to 26 September it generated revenues of £7.6 million which was 68% ahead of the same period in 2019.Consensus expectations for full year revenues sit at £1

London's FTSE 100 ended Monday's session in positive territory, wiping out earlier losses to trade firmly above 7,100 by the close of play and shrugging off a weaker open on Wall Street, where the S&P 500 was down 0.16% to 4,429.43 by 4.30pm UK time.COMPANY NEWSIn company news, wealth manager Hargreaves Lansdown (HL.) sank 11.2% to £14.57, even as it reported an 8% rise in annual underlying profi

London's FTSE 100 ended Tuesday with decent gains after closing 0.25% higher to 7,095.79 despite a slow start on Wall Street for US stocks.The UK's benchmark index was lifted by insurer Aviva (AV.), which gained after the arrival of activist investor Cevian, while the index also shook off an issue involving several major websites, which were down thanks to a problem at cloud computing firm Fastly.

London's FTSE 100 gained 0.3% to 7,097 by midday as shares in UK insurer Aviva (AV.) were lifted by the arrival of activist investor Cevian, while the index shook off an issue involving several major websites, which were down thanks to a problem at cloud computing firm Fastly.With little on the economic agenda apart from US job openings and trade figures, investors are keeping their powder dry unt

Major UK shares edged higher in early trading but gains modest as investors take a breather. The benchmark FTSE 100 inched less than four points higher, or 0.04%, to 7,079.25, while the mid-cap FTSE 250 was equally unenthusiastic, up a miniscule 0.08% at 22,925.64.With little on the economic agenda apart from US job openings and trade figures, investors are keeping their powder dry until the US in

London's FTSE 100 plunged deeply into the red by close on Tuesday, reversing significant earlier gains as concerns over a global chip shortage sparked a tech sell-off in the US.The global shortage of semiconductors has put pressure on tech and carmaker stocks, which are leading the falls. The UK's benchmark index fell back below 7,000 to close 0.67% lower to 6,923.In the US the tech-heavy Nasdaq i

London's FTSE 100 gained 0.82% by lunchtime on Tuesday to reach 7,026.99, jumping back above the psychologically important 7,000 level as investors looked to the reopening and holidays starting again.Travel stocks in particular have been buoyed on hopes of EU tourism opening up again next month, with British Airways owner International Consolidated Airlines (IAG) gaining 2.8% to 208.5p, while budg

UK stocks got off to a firm start to trading following the holiday-extended weekend with economically sensitive sectors, including miners, travel and energy, driving gains.The benchmark FTSE 100 opened around 0.6% higher, pushing back above the 7,000 market at 7,011.80 with Fresnillio's (FRES) near 3.5% at 851.4p leading the index. Travel and leisure companies also saw firm demand as Brits await t