THE DAILY BRIEF­ING

Daily Mail - - City & Finance -

TRADE TRI­UMPH

Pay­ments pro­cess­ing firm Adyen saw its share price al­most dou­ble as it started trad­ing on the Dutch stock ex­change.

The com­pany, whose tech­nol­ogy is used by Face­book, Net­flix and eBay, was ini­tially val­ued at £6.25bn, but by the end of the day it was worth more than £12bn.

CASH CON­VERTER

Wealth man­ager Charles Stan­ley has re­ported a 30pc jump in profits to £11.4m for the year to March 31. An­nual re­sults showed to­tal funds un­der man­age­ment edged 0.8pc lower to £23.8bn.

DATA CRASH

Bri­tain’s com­pe­ti­tion watch­dog has raised con­cerns over a pro­posed merger be­tween data firm Nielsen and Ebiq­uity’s mar­ket­ing anal­y­sis busi­ness.

The Com­pe­ti­tion and Mar­kets

Au­thor­ity has given the two firms un­til June 20 to of­fer a so­lu­tion or face an in-depth probe. The CMA said ‘ com­pe­ti­tion may be sig­nif­i­cantly re­duced if the merger went ahead as planned’.

SLOW DOWN

In­dus­trial pro­duc­tion in the eu­ro­zone fell by 0.9pc in April – pro­vid­ing fur­ther ev­i­dence that the sin­gle cur­rency bloc’s econ­omy is slow­ing af­ter a brief re­cov­ery.

The fig­ures came as the DIW eco­nomic in­sti­tute slashed its growth fore­casts for Ger­many from 2.4pc to 1.9pc for this year and from 1.9pc to 1.7pc for next year.

RIG DEAL

Oil ser­vices firm Ades says it is ex­pect­ing full-year re­sults to be in line with ex­pec­ta­tions. It has just bought three Saudi-based off­shore rigs from Nabors In­dus­tries, which will start bring­ing in rev­enue im­me­di­ately.

ME­TAL MINER

Plat­inum miner Tharisa has bought a 26.8pc stake in Karo Hold­ings for £3.39m, giv­ing it ac­cess to an area cov­er­ing around 23,903 hectares in the Great Dyke hills area of Zim­babwe.

NEW SHARES

Oil and gas com­pany Up­land Re­sources is sell­ing 120m new shares at 2.5p each. The cash raised will be used to fund its Wick well in the North Sea as well as ven­tures in Malaysia and Africa.

STAFF STRUG­GLES

Half of busi­nesses are strug­gling to find suit­ably qual­i­fied staff, lead­ing many to re­cruit can­di­dates who can be trained on the job, a study by re­cruiters Robert Half claims.

EN­ERGY FUND

So­lar power in­vest­ment firm Next En­ergy So­lar

Fund says net as­set value has in­creased from £479m to £605m.

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