Company News
Tuesday preview: Global services PMIs, Travis Perkins in focus
Investors' attention on Tuesday will be on a deluge of services sector Purchasing Managers Indices due out around the world.
Director dealings: PCA of Asos director raises stake
Asos revealed on Monday that non-executive director William Barker had acquired 25,000 ordinary shares in the London-listed fast fashion retailer.
Aviva returns to Lloyd's market with £242m Probitas purchase
Aviva has returned to the Lloyd’s insurance market after an absence of two decades with the £242m purchase of underwriting syndicate Probitas.
Braveheart to retain Paraytec after failing to find buyer
Braveheart Investment Group updated the market on one of its key investments, Paraytec, on Monday, confirming that it had failed to find an appropriate buyer for the company.
JetBlue, Spirit Airlines agree to terminate $3.8bn merger agreement
JetBlue and Spirit Airlines said on Monday that they have agreed to terminate their $3. 8bn merger due to regulatory challenges.
Rosslyn warns on revenue despite growing pipeline
Rosslyn Data Technologies warned on its revenue on Monday, even as it reported that since it announced its interim results on 25 January, it had seen a sustained expansion in its total pipeline, surpassing the figures recorded at the same time last year.
Vista Outdoor rejects $2.9bn takeover offer from MNC Capital
Vista Outdoor said on Monday that it had rejected a $2. 9bn takeover offer from MNC Capital as it undervalues the business.
AFC Energy generator given the nod for CE mark
Hydrogen power generation technology company AFC Energy announced the reception of its first independent attestation of conformity certificate for a CE mark on Monday, from German certification agency TÜV SÜD for its 30kW H-Power S Series generator.
Mirriad finalises deal with major US media conglomerate
In-content advertising specialist Mirriad announced a significant two-year agreement with an unnamed major US media and entertainment conglomerate on Monday.
KPMG fined £1.5m over Saatchi audit
UK accounting firm KPMG has been fined yet again, this time to the tune of £1. 5m over what the industry regulator called "serious failings" in its audit of advertising agency M&C Saatchi.
Renalytix surges on takeover approach
Renalytix surged on Monday after saying it had received an unsolicited takeover approach from "a large and well-capitalised publicly listed strategic diagnostics company".
Craneware trading in line after first-half growth
US healthcare software and service specialist Craneware reported an 8% increase in first-half revenue in its interim results on Monday, to $91. 2m.
Macy's surges as Arkhouse and Brigade lift takeover offer
Macy's shares surged in pre-market trade on Monday after the department store retailer said that Arkhouse Management and Brigade Capital Management had lifted their takeover offer the company to $6. 6bn.
SigmaRoc exercises option to buy CRH UK lime operations
Lime and limestone company SigmaRoc announced the exercise of the call option to acquire the UK lime operations of CRH for €155m (£133m) on Monday.
GlobalData confident after year of solid growth
Data, analytics and insights platform GlobalData reported a 12% rise in revenue in its full-year results on Monday, to £273. 1m, accompanied by a 32% increase in operating profit to £73. 7m.
Vertu Motors fleet and commercial vehicle profits grow
Car dealership Vertu Motors said on Monday that core gross profits from fleet and commercial vehicle sales had grown in the five months ended 31 January, with the group now expecting to report full-year adjusted pre-tax profits in line with market expectations.
Faron Pharmaceuticals shores up cash with EUR 3.2m convertible loans
Faron Pharmaceuticals announced on Monday that it has successfully secured binding commitments for convertible loans totalling €3. 2m from a select group of existing shareholders.
Frasers buys online bike retailer Wiggle out of administration - report
Mike Ashley’s Frasers Group has reportedly bought online bicycle retailer Wiggle out of administration.
HICL Infrastructure delivers 'solid operational performance'
Investment company HICL Infrastructure said on Monday that it had delivered a "solid operational performance" over the five months ended 29 February.
THG secures 17-month extension to revolving credit facility
THG announced the extension of its revolving credit facility (RCF) by 17 months on Monday, stretching its maturity to May 2026.