Company News
Tuesday preview: Global PMIs, Public sector net borrowing in focus
Investors' focus on Tuesday would be on a raft of survey results out of the UK, euro area and US covering the month of May.
Chevron to buy PDC Energy in $6.3bn stock deal
Chevron said on Monday that it has agreed to buy PDC Energy in an all-share transaction valued at $6. 3bn, or $72 per share.
PacWest Bancorp to sell $2.6bn of loans to Kennedy Wilson
PacWest Bancorp said on Monday that it has agreed to sell a portfolio of 74 real estate construction loans with an aggregate principal balance of around $2. 6bn currently outstanding to a subsidiary of Kennedy Wilson Holdings.
Polymetal shares tank after Russia operations hit by US sanctions
Shares in gold producer Polymetal tanked on Monday after the US placed its Russian operations on a sanctions list in retaliation for Moscow's invasion of Ukraine, although the company stressed the measures did not impact assets outside Russia.
Ironwood agrees to buy VectivBio in $1bn deal
Ironwood Pharmaceuticals has agreed to buy Swiss biotech VectivBio Holding in a deal worth $1. 15bn.
JPMorgan ups forecasts on back of First Republic deal
JPMorgan Chase upped its annual forecast for net interest income on Monday, following its acquisition of failed lender First Republic Bank.
Frasers Group in advanced talks to buy ProBikeKit from THG - report
Mike Ashley’s Frasers Group is reportedly in advanced talks to buy cycling goods specialist ProBikeKit from THG.
Director dealings: Thomson Reuters, Blackstone's £2.7bn LSE sale filed
London Stock Exchange Group was well and truly at the top of the list of director sells on Monday, as it disclosed the details of the £2. 7bn sales made by Blackstone and Thomson Reuters last week.
Inland Homes gets planning permission for Hounslow development
Brownfield developer Inland Homes announced on Monday that planning permission has been granted for an extensive mixed-use development at Cavalry Barracks in West Hounslow.
Meta fined record €1.2bn over data failures
Facebook owner Meta Platforms has been fined more than €1bn for breaching European Union rules on personal data, it was announced on Monday.
Helium One reports strong expansion to Tai Prospect resource
Tanzania-focussed helium explorer Helium One Global announced a new independent verification of prospective resources at its Tai Prospect on Monday.
Investor calls for break up of The Restaurant Group - report
The Restaurant Group is facing pressure from a US activist investor to break itself up, it emerged on Monday.
Renalytix secures expanded coverage in Washington, DC area
Kidney disease diagnostics developer Renalytix announced the expansion of insurance coverage in the US for its flagship product KidneyIntelX on Monday.
Oncimmune sells 'non-core' lung and antibody assets in £13m deal
Immunodiagnostics specialist Oncimmune announced the sale of its wholly-owned subsidiaries Oncimmune Limited and Oncimmune Europe to the US-based, privately-held Freenome Holdings on Monday.
Cora Gold upbeat on full-year development progress
West Africa-focussed explorer and developer Cora Gold reported significant development progress at its flagship Sanankoro Gold Project in its final results on Monday, as it remained pre-revenue.
Ilika losses widen as it presses on with development
Solid-state battery technology developer Ilika updated the market on its trading performance on Monday, as well as ‘Stereax’ manufacturing progress and ‘Goliath’ product development.
Blackbird to save £0.5m per year in completed restructure
Video editing technology developer Blackbird announced on Monday that it has recently undergone a restructuring of its existing business.
China bans US chipmaker Micron from key infrastructure projects
China has banned US chipmaker Micron Technology’s products from major infrastructure projects, claiming they pose a national security risk.
Begbies Traynor FY results seen ahead of views amid rise in insolvencies
Begbies Traynor said on Monday that full-year results were set to be ahead of market expectations as it benefits from a rise in business insolvencies.
Norman Broadbent reports strong first quarter
Executive search and interim management specialist Norman Broadbent said in a trading update on Monday that its revenue surged 67% in the first quarter to £2. 92m, compared to £1. 75m in the same period last year.