News And Announcements
Menzies revives DX deal as City police drop investigation
The City of London police's economic crime directorate has dropped its investigation of DX Group after careful consideration, it was confirmed Friday, reviving prospects for a potential acquisition from John Menzies.
Chipmaker Qualcomm wants Apple iPhone sales banned
In the latest chapter of phone maker-versus-chip supplier, communications microchip manufacturer Qualcomm has filed a complaint with the US International Trade Commission, requesting that new Apple iPhones from China be barred from entering the country.
Clash of ideals as Deliveroo, MP propose fixes for 'gig economy'
Restaurant delivery service Deliveroo - whose robin’s egg blue-adorned delivery bikes are ubiquitous in London and other major centres - called for an overhaul of employment laws this week, asking the Government to let it give its delivery contractors the rights they would enjoy as full employees, without actually signing them up as full employees.
Centrica surges as takeover rumours bubble
Shares in Centrica, the owner of British Gas, were cooking on gas on Friday sparked by whispers of a takeover.
Paysafe pays $3.32m in lieu of share rights
Paysafe Group announced on Friday that it had paid a total of $3. 32m in cash to certain of the vendors of FANS Entertainment, the Montreal-based mobile platform developer, in return for those vendors giving up their rights to be issued 790,908 shares in a subsidiary of Paysafe.
Diversified woos Eric Williams from Callon Petroleum
US-based gas and oil producer Diversified Gas & Oil appointed Eric M Williams as chief financial officer with immediate effect on Friday, managing to woo him from his position as manager of finance at NYSE-listed Callon Petroleum.
Friday broker round-up
Entertainment One: Citigroup initiates at Buy with a target price of 295p.
Gfinity poaches Mark Brittain from Simon Cowell's SYCO
Esports promoter Gfinity appointed Mark Brittain as its new chief commercial officer on Friday, joining the company from his previous position as global head of commercial at Simon Cowell’s production vehicle SYCO Entertainment.
Lightwave Link Plus gets Apple HomeKit certification
Smart home solutions provider LightwaveRF received certification for its Lightwave Link Plus product this week, as a ‘Works With Apple HomeKit’ device.
Wax Lyrical acquisition lifts Portmeirion in first half
Sales at high-end homewares distributor Portmeirion rose 16% in its first half, it reported on Friday, with the acquired Wax Lyrical brand seeing its first full interim period as part of the group.
Mulberry forming Japan joint venture with Onward Global Fashion
British luxury brand Mulberry Group signed an agreement with Japanese entity Onward Global Fashion Co. , it announced on Friday, to form a new 50:50 joint venture to operate in the country.
UK house prices growth subsides to four-year low - Halifax
UK house prices continue to waver, according to data from Halifax that showed a monthly fall in June and the lowest year-on-year growth for four years.
AVEVA makes 'strong' start to financial year
Engineering data and design IT system supplier AVEVA Group described a “solid start” to the financial year on Friday, as investors gathered for the company’s annual general meeting.
Worldstores acquisition helps lift Dunelm in Q4
Homewares retailer Dunelm saw total revenue in irs fourth quarter rise 17. 7% to £240m, it reported in its year-end trading update on Friday, with total revenue excluding Worldstores improving 6. 7% to £217. 4m.
Ultra Electronics agrees £180m Sparton acquisition
Defence, security, transport and energy company Ultra Electronics entered into a conditional merger agreement to acquire New York Stock Exchange-listed Sparton for $23. 50 per Sparton share in cash, valuing Sparton's total equity at approximately $234. 8m (£180. 6m), it announced on Friday morning.
Howdens Joinery nabs Kingfisher's Screwfix boss as CEO retires
Howden Joinery Group has poached Screwfix boss Andrew Livingston from larger rival Kingfisher to fill the hole left as chief executive Matthew Ingle announced his retirement after 22 years after founding the company.