News And Announcements
Tritax buys former Dartford power station site for £65m
Real estate investment trust Tritax Big Box said on Monday that it had bought the freehold of the former Littlebrook Power Station site at Dartford, London for £65m.
Government 'should reassess stance' on wind power
Onshore windfarms could be built in the UK for the same cost as new gas power stations and nearly half as much as that of the Hinkley Point C nuclear plant, new analysis of the sector has shown.
Rumours of Asda takeover of B&M European have 'little logic'
On the back of rumours suggesting discount retailer B&M European Value was a takeover target for Asda, analysts at Investec poured scorn on there being much logic in such a deal but still like the look of the company.
Monday broker round-up
Sports Direct: Goldman Sachs upgrades to Neutral with a target price of 350p.
Ultra Electronics wins Indian navy contract
Ultra Electronics said its Canada-based maritime systems business had won a contract from the Indian Ministry of Defense to supply its navy with torpedo detection system.
Petra FY production lower than forecast; sees big rise in 2018
Petra Diamonds said full year production was lower than forecast as revenues rose 11% to $477m, but expected a big ramp up in output in 2018.
Imagination Technologies rallies on report of Chinese interest
Shares in chip maker Imagination Technologies rallied on Monday following a report that a Chinese private equity buyout fund was mulling a bid for the company.
SThree H1 profit, revenue rise as international diversification bears fruit
Recruitment firm SThree reported a rise in profit and revenue for the first half on Monday as its international diversification bore fruit.
Burford awarded $140m at arbitration hearing
Burford Capital, the litigation funding group, announced that a "favourable decision" had been reached in an arbitration matter regarding one of its investments on Friday, though it might not receive any or all of the amount.
Ryanair pricing warning sends airline sector into tailspin
Ryanair reported an impressive jump in quarterly profits but its warning of pricing pressures sent shares across the airline sector descending fast on Monday morning.
NewRiver sells entire residential part of Burgess Hill project
NewRiver exchanged conditional contracts for the pre-sale of the entire residential part of its mixed-use development at the Burgess Hill town centre, it confirmed on Monday.
Cranswick churns out 27pc growth in first quarter
Meat products producer Cranswick churned out impressive revenue growth in the first quarter of the year and stated its confidence of hitting full year targets.
Reckitt battles tough markets and disappointing Mead margins
Reckitt Benckiser boosted its interim dividend 14% as it reported a solid first-half performance in the face of "tough" market conditions and slightly weaker profit margins from newly acquired baby food business Mead Johnson Nutrition.
Randgold ramps up at Tongon, directs rhetoric at Ivorian government
Randgold Resources was continuing to ramp up production at its Tongon gold mine in Côte d'Ivoire, tracking towards its 2017 target of 285,000 ounces, the company reported on Monday morning.