Company News
Hargreaves Lansdown investor questions fairness of takeover bid
Hargreaves Lansdown shareholder Lancaster Investment Management said on Monday that it remains "unconvinced" that a takeover offer by a consortium led by CVC Capital Partners is fair for all shareholders.
Tuesday preview: US house price data, Fedspeak in focus
The market spotlight on Tuesday will be on flurry of closely followed US housing indicators for the month of April.
Director dealings: Balfour Beatty CEO invests, DS Smith finance chief covers tax bill
Among the director dealings disclosed to the market on Monday were two involving senior executives from Balfour Beatty and DS Smith.
Shein makes moves towards London IPO - reports
Chinese online fast fashion behemoth Shein has taken a step towards a potential public listing, it emerged on Monday, with reports that it confidentially filed documents with Britain's markets regulator in early June.
Eurofins slumps after Muddy Waters allegations
Shares in Eurofins Scientific plunged by more than a fifth on Monday after activist hedge fund Muddy Waters accused it of financial regularities, saying it had taken a short position in the stock because the German laboratory company was "optimised for malfeasance".
US sustainable packaging group Sonoco to buy Eviosys for $3.9bn
US sustainable packing company Sonoco said on Monday that it has agreed to buy Eviosys, a food cans, ends and closures manufacturer, from KPS for about $3. 9bn.
London Tunnels switches listing plan to Euronext Amsterdam
London Tunnels announced plans to raise £30m through an initial public offering (IPO) on Euronext Amsterdam on Monday, shifting its listing plans from the London Stock Exchange.
Getir shareholders reportedly approve company's split
Shareholders of Turkish rapid grocery delivery giant Getir have endorsed a major restructuring plan that would see it split into two separate entities and receive a significant capital infusion from the Abu Dhabi state investment fund Mubadala, it emerged on Monday.
Trustpilot bolsters leadership with two new hires
Review platform Trustpilot announced the appointment of a chief revenue officer and chief strategy officer on Monday, strengthening its senior leadership team as the company moves into "the next phase of growth".
UK manufacturing output broadly unchanged in June quarter
Manufacturers in the UK reported that output volumes remained broadly unchanged in the three months leading up to June, according to the latest industrial trends survey released by the Confederation of British Industry (CBI) on Monday.
Serica Energy completes £15m share buyback
Serica Energy announced the completion of its share buyback programme on Monday, which it initially launched on 24 April.
Germany’s Covestro enters ‘concrete’ takeover talks with Adnoc
German chemicals firm Covestro said on Monday that it had agreed to enter into "concrete negotiations" Abu Dhabi National Oil Co based on a potential €62 per share starting proposal.
Apple found in breach of EU competition rules
Tech giant Apple has been charged with breaking new European Union laws over allowing small companies to compete on its app store.
Warehouse REIT sells £57.5m of single-let assets
Warehouse REIT announced the completion of £57. 5m in sales of single-let assets on Monday, through three separate transactions.
Hutchmed partner gets European approval for fruqintinib
Hutchmed China announced on Monday that its partner Takeda has received approval from the European Commission for ‘Fruzaqla’, or fruquintinib, as a monotherapy for adult patients with metastatic colorectal cancer (CRC).
Pets at Home kicks off £25m share buyback programme
Pets at Home Group announced the start of a £25m share buyback programme on Monday, after committing to one in its preliminary results.
Anglo-Eastern reports weaker palm oil production
Palm oil producer Anglo-Eastern Plantations reported a 4% decrease in fresh fruit bunches production in the first five months of the year on Monday, to 403,200 metric tonnes, down from 420,300 tonnes in the same period last year.
Activist investor Engine Capital urges C&C Group to explore sale
Activist investor Engine Capital sent a letter to the board of C&C Group on Monday in which it urged the Magners and Bulmers owner to explore strategic alternatives for the drinks company, including a potential sale.
Shepherd out, Montague in as Brooks Macdonald CEO
Brooks Macdonald Group announced the retirement of Andrew Shepherd on Monday, who has served the company for 22 years, most recently as group chief executive officer (CEO) for the last three years.
Chemring appoints Tony Wood as its next chairman
Chemring Group announced the appointment of Tony Wood as an independent non-executive director and chairman-designate on Monday.