Company News
NSF extends Provident Financial offer deadline, urges shareholders to accept
Non-Standard Finance has extended the deadline for its £1. 3bn hostile takeover offer for larger rival Provident Financial by a week to 15 May and urged the company's shareholders to accept it.
OPG Power cuts into loans balance following tariff increases
Indian power plant developer and operator OPG Power Ventures expects full-year profits to be in line with market expectations for the twelve months ended 31 March.
Drax Group to sell US dollar debt to partially pay back bridge financing
Drax Group will issue fixed rate medium-term US dollar denominated debt to partially pay back the short-term bank loans which it used to help finance the purchase of Scottish Power Generation.
Ferrexpo rejects Deloitte view on delay to Blooming Land probe
Ferrexpo rejected Deloitte's assertion that it delayed a review into donations to the Blooming Land charity in Ukraine in the latest exchange between the company and its former auditor over the affair.
Tesco publishes prior full-year results on a post-IFRS 16 basis
Tesco on Monday published its revised results for the year ending in March to reflect the transition to the new accounting standards for leases, known as IFRS 16.
EU endorses wider use of AstraZeneca cancer drug
AstraZeneca's ovarian cancer drug Lynparza on Monday received an endorsement from the European Medicines Agency, where a committee approved it to be used as a first-line maintenance treatment.
CRH launches €350m share buyback
Building materials group CRH said on Monday that it has begun a buyback of up to a further €350m of its shares.
Auto Trader CEO Mather to retire in March 2020
Auto Trader said on Monday that chief operating officer Nathan Coe would be its next chief executive after current boss Trevor Mather announced his intention to retire from the used-car marketplace in 2020.
Evraz Q1 crude steel output up 12.4%
Steelmaker and miner Evraz said first quarter consolidated crude steel output climbed by 12. 4% quarter on quarter to 3. 5m tonnes, mainly as a result of higher pig iron production following the completion of capital repairs at a blast furnace at the end of 2018.