Company News
Tuesday preview: UK employment, US Treasury auctions in focus
Investors' focus on Tuesday will be on the UK employment report for the month of April.
ME Group confident after strong first half
ME Group International reported strong trading for the six months ended 30 April in an update on Monday, with a 4. 6% increase in revenue, or 8. 6% excluding foreign exchange, and a 10. 3% rise in profit before tax, or 13. 6% notwithstanding currency effects, compared to the same period last year.
Diller Noble acquires Diamond Offshore for $1.6bn
Texas-based oil company Noble Corporation has announced plans to snap up Diamond Offshore Drillling for $1. 6bn.
Arecor Therapeutics shares tank on funding update
The share price of AIM-listed Arecor Therapeutics dropped by almost a third on Monday after the biopharma firm warned that its working capital requirements had "accelerated" while full-year revenues remain highly uncertain.
Gulf Marine Services confirms four-year contract
Gulf Marine Services, a provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, confirmed the signing of the second phase of a four-year contract for one of its vessels operating in the Middle East on Monday.
Triple Point reports improved rent collection in first quarter
Triple Point Social Housing REIT reported a robust performance in the first quarter on Monday, with a significant increase in rent collection and ongoing rental growth.
CLS offloads two non-core assets for £11m
Commercial property investment group CLS Holdings has offloaded two properties for a combined £10. 7m, shedding non-core assets that were initiallly acquired as part of a larger portfolio purchase.
GSK's Arexvy vaccine approved for wider age range
US regulators have approved the use of GSK's Arexvy vaccine for a younger age group, the biopharma group announced on Monday.
Chemring signs deal with Northrop Grumman for missile material
Chemring said it had signed a 15-year deal partnering deal with US defence firm Northrop Grumman for the supply of HMX energetic material used in its missile programmes along with an order for the product worth $83m as demand for military weapons increased globally.
Pennon names David Sproul new Chair Designate
Pennon Group chose David Sproul, a former global deputy CEO at Deloitte, as its Chair Designate.