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15 April 2021 | 07:25am StockMarketWire.com - Analytics and eCommerce optimisation company Ascential said it had acquired Toronto-based Perpetua Labs, an eCommerce media optimisation business, for an initial $52 million. The acquisition marked new territory for Ascential's digital commerce segment, which the business will join, and which to date has exclusively served first party vendors. 'Perpetua's expertise serving third party vendors, through data-driven solutions, opens the door for Ascential to this large and fast-growing market segment,' the company said. Under the terms of the deal,...

15 April 2021 | 16:51pm StockMarketWire.com - The FTSE closed 0.63% higher on Thursday to 6,983.50, extending its upward trajectory in recent days and taking it closer to the psychologically important 7,000-mark, as new US economic data showed a surge in consumer spending. There were record highs on Wall Street with the S&P 500 and Dow Jones reaching new heights as unemployment claims in the US dropped in March and retail sales surged. In company news, AO World rose 1.9% to 323.6p after the white goods online retailer said it expected to report annual adjusted profit in line with market expec...

15 March 2021 | 12:01pm StockMarketWire.com - The FTSE 100 lost some of its early momentum, only up 0.2% to 6,776.75 having earlier traded above the 6,800 mark. US stimulus and better-than-expected Chinese data were catalysts but accompanying inflation worries continued to check the market's progress with European markets pretty flat. Subprime lender Provident Financial plunged 27% to 190.3p after it revealed UK regulators were investigating its consumer credit division, focusing on the affordability and sustainability of lending practices. Provident Financial said it was planning to spend up...

15 March 2021 | 16:36pm StockMarketWire.com - A lacklustre start to trading on Wall Street contributed to the FTSE 100 losing its way on Monday as its earlier gains were surrendered to see the index trade down 0.2% at 6,748.09 by the close. Subprime lender Provident Financial plunged 27.4% to 190p after it revealed UK regulators were investigating its consumer credit division, focusing on the affordability and sustainability of lending practices. Provident Financial said it was planning to spend up to $65 million addressing customer complaints in the division, which it said might be forced in...

UK domestic stocks hit by record UK economic contraction in 2020