Market Report
Shawbrook recommends shareholders accept Marlin Bidco's final offer
Shawbrook Bank's directors have recommended that shareholders accept the final offer made by Marlin Bidco - jointly owned by Pollen Street and BC Partners - on Monday after it became wholly unconditional with nearly 76% of acceptances.
Europe open: Stocks push further into record territory
Germany's Dax followed US stocks further into record territory as investors waited on a raft of US central bank speakers scheduled for later in the day.
London open: Stocks flat as investors eye Carney, Hammond speeches
London stocks were flat in early trade as investors sifted through corporate news and awaited speeches from Bank of England governor Mark Carney and Chancellor Philip Hammond.
Wolseley turns up dial in third quarter thanks to US strength
Wolseley turned up the dial on sales in the third quarter, as the heating and plumbing group enjoyed good growth from its main US markets which offset a weak Britain.
N Brown surges as first-quarter sales jump on solid Ladieswear performance
N Brown shares surged on Tuesday as the clothing retailer reported a near-6% jump in group revenue in the first quarter thanks to a strong performance from Simply Be and JD Williams.
Centrica to end storage operations at Rough gas facility
British Gas parent Centrica said on Tuesday that its subsidiary, Centrica Storage Limited, is planning to end storage operations at its Rough gas facility.
Morgan Sindall secures contract extension worth up to £60m
Construction and regeneration group Morgan Sindall has been awarded a two-year contract extension worth up to £60m.
Cairn Energy secures interests in two Mexican Gulf prospects
Cairn Energy announced on Tuesday that it had secured interests in two licences in the recent Mexico offshore bid round.
Tullow Oil appoints Les Wood as CFO after Springett resigns
Tullow Oil's chief financial officer Ian Springett has resigned from the board with immediate effect due to ill health.
Tuesday newspaper round-up: Brexit talks, May days, inequality gap, Barclays
David Davis bowed to European demands that Britain agree the principle of its multibillion-pound Brexit bill before talks on a new trade agreement can begin, as formal negotiations got under way in Brussels yesterday. In a significant climbdown, less than a month after declaring that the sequencing of the talks would be “the row of the summer”, Mr Davis changed tack and signed up to the main principles of the EU’s position. - The Times.
Assura to place 164m shares to fund near-term pipeline
Assura said on Tuesday that it will place up to 164m new ordinary shares or around 9. 9% of the company's existing issued share capital to fund its acquisition and development pipeline.
Serco signs £1.5bn deal to run Aussie prison
International service company Serco Group announced on Tuesday that it had signed the contract and completed financial agreements to operate the New Grafton Correctional Centre in New South Wales, Australia.
Great Portland Estates buys Cityside and Challenger House in Whitechapel
Great Portland Estates has bought the freehold of land and buildings including Cityside and Challenger House in London E1 from Hermes Investment Management for £49. 6m.
Ultra Electronics wins $18m contract
Ultra Electronics has been awarded a "major" surveillance and security system contract valued at $18m over the next 26 months.
London pre-open: Stocks seen higher on positive US cues
London stocks were set for a positive open on Tuesday, taking their cue from the US, where the Dow and S&P 500 closed at records thanks to a rebound in the technology sector.