Company News
Frasers Group takes 18.9% stake in AO World for £75m
Mike Ashley’s Frasers Group has said it had taken an 18. 9% stake in online electrical retailer AO World for £75m.
Rio Tinto to invest $1.1bn to expand capacity at Quebec aluminium smelter
Rio Tinto said on Monday that it will invest $1. 1bn to expand its AP60 aluminium smelter in Quebec.
Director dealings: Croda secretary invests, Touchstone non-exec offloads option shares
Croda International was on the list of director buys on Monday, after the company secretary picked up almost £50k worth of shares,.
IGas Energy subsidiary wins contract with Salisbury NHS trust
IGas Energy announced on Monday that its geothermal subsidiary GT Energy has secured a significant contract with the Salisbury NHS Foundation Trust to provide a geothermal heat solution for Salisbury District Hospital.
Caspian Sunrise agrees sale of 50pc of Explorer vessel
Gas and oil explorer Caspian Sunrise announced the conditional sale of a 50% stake in the Caspian Explorer drilling vessel for cash consideration of $22. 5m on Monday.
Tuffnells collapses into administration
Logistics firm Tuffnells Parcels Express has collapsed into administration, it was confirmed on Monday, with the loss of around 2,000 jobs.
Vector Capital expands loan facilities
Commercial lender Vector Capital updated the market on its loan facilities on Monday, including those provided by Vector Holdings, reporting that it had extended its wholesale banking facilities and increased its loan facility with Vector Holdings.
SDX Energy mulling sale of its Egyptian assets
SDX Energy responded to, and confirmed, rumours over the potential sale of its Egyptian business on Monday.
JP Morgan reaches tentative deal with Epstein victims
JPMorgan Chase & Co on Monday said it had agreed in principle to settle a class action lawsuit with a victim of the dead sex offender Jeffrey Epstein.
China Nonferrous Gold secures new $65m loan facility
Tajikistan-focussed explorer and miner China Nonferrous Gold has secured a short-term loan from CNMC Trade Company, it announced on Monday, amounting to $65m.
Sainsbury’s revives efforts to sell £650m mortgage book - report
Sainsbury's has reportedly revived its efforts to sell a £650m mortgage book months after calling off talks with the Co-operative Bank about a deal.
Nasdaq to buy software firm Adenza in $10.5bn deal
Nasdaq said on Monday that it has agreed to buy software firm Adenza from Thoma Bravo in a $10. 5bn cash and stock deal.
Novartis to buy Chinook Therapeutics for up to $3.5bn
Novartis said on Monday that it has agreed to buy clinical stage biopharmaceutical company Chinook Therapeutics for up to $3. 5bn.
Oceans Wilson confirms review of Brazilian business, shares surge
Shares in Ocean Wilsons Holdings jumped on Monday, after the maritime services specialist said it was reviewing the future of its Brazilian business.
Glencore makes offer for Teck steelmaking coal business
Glencore on Monday said it had offered to buy Teck Resources' steelmaking coal business as a standalone unit.
Tullow Oil considering all options with respect to Espoir field in Ivory Coast
Tullow Oil said on Monday that it is considering all options with respect to its interest in the Espoir field in Côte d'Ivoire.
R&Q raises $50m, reports strong quarter
R&Q Insurance has successfully raised $50m in non-voting, perpetual preferred equity through its subsidiary, Randall & Quilter PS Holdings, it announced on Monday, alongside strong first-quarter trading.
Learning Technologies performs well in challenging conditions
Digital learning and talent management specialist Learning Technologies described a challenging macroeconomic environment in a trading update on Monday.
IQE announces new SVP of communications unit
Semiconductor wafer and products specialist IQE announced the appointment of Peter Rabbeni as the senior vice-president of its communications infrastructure and security business unit on Monday.
Heathrow reports sizeable bump in May passenger numbers
London's Heathrow Airport reported a significant boost in passenger traffic and transatlantic flights during the month of May on Monday.