News And Announcements
Department for Transport goes ahead with another eight week contract for Go-Ahead
Go-Ahead has just announced that their joint venture with Keolis, London Midland has been given an eight week franchise extension from 15 October to 10 December of this year by the Department for Transport (DfT).
Government assured Carillion and partners will deliver HS2 contract
Kier and Eiffage assured the government that they can step in to deliver on the HS2 project should their partner in the joint venture, Carillion, fall short of its obligations.
Inland Homes reports continuing momentum in forward sales
Inland Homes reported a continued high appetite for its land sales during the first half of the year, adding that the positive momentum behind its forward sales had continued into the period.
Balfour Beatty, Carillion Costain on track with HS2 contract wins
Balfour Beatty and Carillion have been awarded contracts as part of a £6. 6bn allocation from the UK government as part of the controversial High Speed Two (HS2) rail project from London to Birmingham.
WPP 'over-exposed' to consumer staples ad spend, Deutsche downgrades
Advertising giant WPP is likely to see its earnings growth model squeezed due to its high exposure to spending from consumer staples companies, argued Deutsche Bank as it downgraded the shares to a 'hold'.
Tuesday preview: Eyeing inflation respite, Royal Mail letters down?
The focus will be on the squeezed UK consumer with the release of June's inflation figures, while results season picks up with finals from IG and quarterly numbers from Royal Mail and Experian.
Grafenia buys Image Everything for up to £3m
AIM-listed Grafenia has bought large format sign manufacturer and exhibition contractor Image Everything for a total consideration of up to £3m.
Image Scan sees FY results ahead of market expectations
AIM-listed supplier of X-ray screening systems, Image Scan, said on Monday that results for the current financial year are likely to exceed market expectations thanks to rapid order book growth.
Church & Dwight to buy Water Pik for $1bn in cash
Church & Dwight has agreed to buy waterjet technology company Water Pik for around $1bn in cash.
Lonmin surges as Q3 production jumps
Lonmin shares surged on Monday as it reported a 3. 8% jump in production on the year in the quarter to 30 June.
Centrica forms new joint venture with Bayerngas
Centrica and Stadtwerke München (SWM) have agreed to combine Centrica's European oil and gas exploration and production business with Bayerngas Norge to form a new joint venture.
Weir expects FY oil & gas revenue, profit above analysts' estimates
Weir surged on Monday after saying its updated outlook for the group's full-year performance is now for strong constant currency revenue and profit growth, with revenues and operating profits in the oil & gas division set to be above the upper end of analysts' estimates as upstream North American markets have recovered more strongly than anticipated in recent weeks.
Go-Ahead extends London Midland franchise
FTSE 250 transport operator Go-Ahead Group has announced an eight-week extension to the current London Midland franchise to 10 December under the existing terms.
Finsbury Food sees FY profits in line with market expectations
Finsbury Food said on Monday that it is confident of delivering full-year profits in line with market expectations.
Shops enjoy the better weather, BRC-Springboard finds
UK shops benefitted from better weather last month and growth in the number of visitors was greater than the previous month, the British Retail Consortium said.
Polymetal increases stake in Nezhda venture; agrees buyout option
Polymetal International said it had agreed to buy an additional 7% in the joint venture Nezhdaninskoye gold deposit for $8m from its partner Ivan Kulakov along with an option to buy out the remaining 75. 3%.
Franchise Brands appoints Chris Dent as CFO
AIM-listed Franchise Brands has appointed Chris Dent as chief financial officer with immediate effect.
Carillion beefs up advisors with EY focusing on cash and costs
Carillion has further beefed up its cabal of advisors, appointing EY with immediate effect to support the strategic review launched after its massive profit warning a week ago, with accountants from the firm charged with focusing upon cost reduction and cash collection.
Taptica buys majority shareholding in Japan's Adinnovation
AIM-listed end-to-end mobile advertising platform Taptica has announced the acquisition of a majority shareholding in Japan's Adinnovation Inc for up to $5. 7m, which is being funded from the company's cash resources.
LondonMetric to buy two distribution warehouses in Frimley
LondonMetric has agreed to buy two new distribution warehouses at Logistics City in Frimley for £13. 1m via a forward funding contract with Kier Property.