Latest News
Northern Bear slumps as it sells loss making subsidiary
Shares in Northern Bear slumped on Monday after the building services company announced it had sold its loss-making subsidiary Chirmarn for £50,000 and said that full year results would be "at least in line" with last year.
HML Holdings completes acquisition of Holborn-based property manager
AIM-listed property manager HML Holdings has completed the acquisition of Holborn-based Faraday Property Management for up to £2. 7m.
Europe open: Traders eye political risk amid strong manufacturiing data
European indices began the new quarter on a mixed note, amid strong readings for the euro area's manufacturing sector (perhaps a tad too much so) as investors continued to closely monitor polictical risks, traders nevertheless appeared to be largely upbeat.
Monday newspaper round-up: Tesco, FCA, HBOS, Brexit. Virgin Money
One of the most influential shareholder groups in the City has raised doubts about Tesco’s proposed £3. 5 billion purchase of the wholesaler Booker, saying that it could put corner shops out of business and trigger a backlash against the retail giant. Hermes Fund Managers said that it planned to raise the issue with Tesco before the vote on the deal. - The Times.
BP to sell North Sea Forties pipeline system business for £250m
Oil giant BP is to sell its Forties pipeline system business in the North Sea to Chemical company Ineos for up to $250m, subject to regulatory approval.
Adgorithms appoints Yoram Freund as CFO
Artificial intelligence company Adgorithms has appointed Yoram Freund as chief financial officer with immediate effect.
Drax Group manages to buy Louisiana Pellets assets
Drax Group updated the market on progress made on its bid to acquire “substantially all of the assets” of Louisiana Pellets and Texas Pellets on Monday.
ITM Power wins £3.5m hydrogen contract
Energy storage and clean fuel company ITM Power has won a £3. 5m contract to install a three megawatt electrolyser system in Britain.
London open: Stocks edge higher despite mixed data out of China and Japan
Stocks began the session and the second quarter on the front foot despite a weaker-than-expected reading on the state of China's manufacturing sector in March and mixed data out of Japan.
London pre-open: Stocks to start higher despite weaker China manufacturing PMI
Stocks are being called to start the session slightly higher despite a weaker-than-expected reading over the weekend on the state of China's manufacturing sector.
China manufacturing PMI slows in March as export orders cool
Activity in China's manufacturing sector slowed last month as orders for export sales rose at the their weakest pace for three months.
UDG Healthcare's Sharp division expanding on both sides of pond
UDG Healthcare division Sharp Packaging Services announced capacity expansion projects in the US and the UK on Monday, including the $14m purchase of a 146,000 square foot pharmaceutical packaging facility in Bethlehem, Pennsylvania.
G4S completes $57m sale of youth prisons
Integrated security company G4S announced on Monday that it completed the sale of G4S Youth Services in the US to BHSB Holdings for $56. 5m paid in cash.
Spirax-Sarco agrees to buy Gestra for £160m
Steam, peristaltic pumping and fluid path technology specialist Spirax-Sarco Engineering announced on Monday that it signed a conditional sale and purchase agreement to acquire Gestra AG and associated businesses from Flowserve Corporation for a cash-free, debt-free consideration of €186m (£160m).
Ashtead buys US rental equipment company for £279m
Industrial equipment rental company Ashtead Group has bought New York-based Pride Equipment Corporation for £279m.
Reckitt Benckiser considering sale of French's mustard
Consumer products maker Reckitt Benckiser confirmed it was considering options for its food business, which includes the French’s mustard brand, on Monday.