Company News
Daily Mail, Sun cut US editorial jobs
Two of Britain's largest newspaper publishers, News UK and DMGT, are implementing significant job cuts in their US digital operations, it emerged on Friday.
UK's CMA says Vodafone/Three merger could lead to higher prices
Britain’s competition regulator on Friday said Vodafone and Hutchison Three’s £15bn merger could lead to higher prices for tens of millions of consumers and a “substantial" weakening of competition.
Greatland Gold raises £6.7m in oversubscribed retail offer
Greatland Gold announced the successful closure of an oversubscribed retail offer on Friday, raising £6. 7m in gross proceeds.
Mosman Oil resolves legal hurdle for sale of Nadsoilco
Mosman Oil and Gas, a company specialising in helium, hydrogen, and hydrocarbon exploration and production, announced the resolution of a legal claim on Friday.
PRS REIT chair to step down as part of shareholder-agreed changes
PRS REIT announced on Friday that it has reached an agreement with requisitioning shareholders, resulting in the withdrawal of a notice that called for a general meeting to approve certain board changes.
PwC China fined over Evergrande auditing failures
PwC China has been fined nearly £50m for auditing failures relating to collapsed property developer Evergrande Group, it was announced on Friday.
Premier African reports progress at Zulu, says it needs more funding
Premier African Minerals updated the market on its Zulu Lithium and Tantalum Project on Friday, reporting significant progress in optimising its flotation plant and anticipating a reduction in production costs.
Proteome Sciences swings to EBITDA loss, CEO steps down
Proteome Sciences announced a significant drop in first-half revenue and profit on Friday, alongside the departure of its chief executive.
Iofina commissions new Oklahoma iodine plant
Iofina, a specialist in the exploration and production of iodine and the manufacturing of specialty chemical products, announced the commissioning of its new IO10 IOsorb plant in Oklahoma on Friday.
Shire Foods drives robust first half for Volvere
Growth and turnaround investment company Volvere reported robust unaudited interim results for the six months ended 30 June on Friday.
Europa Oil opts not to extend Serenity licence
Europa Oil & Gas, an company focussed on oil and gas exploration, development, and production in the UK, Ireland and West Africa, announced on Friday that it would not apply for an extension of the Serenity licence, P2358.
Triple Point Social Housing reports strong first-half earnings growth
Triple Point Social Housing reported a significant increase in adjusted earnings per share and robust rental growth across its portfolio in its first-half results on Friday.
Kinovo hunts for new auditor after shareholder rejects incumbent's reappointment
Property services company Kinovo announced on Friday that it has initiated a tender process to appoint a new external auditor, after a significant shareholder vote led to the rejection of the reappointment of Moore Kingston Smith at its annual general meeting on 29 August.
Wynnstay CEO Davies steps down
Agricultural supplies company Wynnstay said on Friday that Gareth Davies has stepped down from his role as chief executive "as he continues to focus on a serious family matter" but will remain on the board of directors.
Qatar sovereign wealth fund wants to raise stake in Iberdrola past 10%
Qatar's sovereign wealth fund has told authorities in Madrid that it wishes to raise its stake in Iberdrola past 10%.
Boeing workers down tools in pay dispute
Workers at Boeing have gone on strike, it was confirmed on Friday, after voting overwhelmingly to reject a tentative 25% pay rise.
Endeavour Mining achieves commercial production at two mines
Endeavour Mining's share price was given a boost on Friday after the West Africa-based gold producer achieved commercial production at its mines in Senegal and Côte d'Ivoire.
Flutter Entertainment buys 56% stake in Brazil's NSX Group
Paddy Power owner Flutter Entertainment said on Friday that it has bought a 56% stake in NSX Group, a Brazilian operator of the Betnacional brand, for around $350m.
National Grid agrees £630m sale of Electricity System Operator with govt
National Grid announced on Friday that it has reached agreement with the UK government to sell the Electricity System Operator (ESO) for an enterprise value of £630m.
DSV buys Schenker from Deutsche Bahn for €14bn
Danish freight, sea freight, road transport services and logistics giant DSV has agreed to take over Deutsche Bahn's logistics arm Schenker for €14. 3bn.