News And Announcements
GSK announces results of two HIV drug trials
GlaxoSmithKline reported encouraging results from two trials of its HIV medication dolutegravir on Tuesday.
UK Oil & Gas Authority invites bids for new exploration licenses
The UK Oil & Gas Authority had launched its latest auction for companies to bid for 813 offshore blocks or part blocks in the North Sea, west of Shetland and east Irish Sea.
New electric Mini to be built in Oxford
A completely electric version of the iconic Mini will be built at BMW's Cowley plant, the German carmaker confirmed on Tuesday.
Unilever spreads division interests private equity pair, £6bn bid rumoured
Unilever could soon receive a bid for its spreads division in the realms of £6bn from private equity firms Clayton Dubilier & Rice and Bain Capital, according to a report on Tuesday.
Wednesday preview: GSK, ITV results in focus ahead of GDP growth figure
On Wednesday the early focus will be on another busy day of results season and later a preliminary reading on UK economic growth and bank lending, before later in the day the US Federal Reserve will make a statement on monetary policy.
Price of cost savings to keep Augean growth at lower end
Specialist waste management business Augean said its profit performance in the first half was “broadly in line” with the prior year on Tuesday, confirming it expected to deliver full-year profit growth, although at the lower end of market expectations.
Acquisitions continue to lift Restore
Office services provider Restore said its trading in the first six months of the year was in line with expectations on Tuesday, as it continued to benefit from the 2016 acquisition of PHS Data Solutions.
Big Sofa expecting 'significant' growth, shareholders hear
Video analytics provider Big Sofa Technologies expected to deliver “material revenue growth” in the current financial year, its shareholders heard on Tuesday, thanks to “significant customer partnerships” with the likes of Procter & Gamble, Ipsos, Unilever and SC Johnson.
Anglo American expecting $210m contribution from Kumba Iron Ore
Kumba Iron Ore, which is majority owned by FTSE 100 mining giant Anglo American, reinstated its dividend as it reported headline earnings of ZAR 4. 6bn (£272. 58m) for the six months to 30 June on Tuesday.
Standard Life-Aberdeen merger to complete in August after FCA approval
The merger between Standard Life and Aberdeen Asset Management has been approved by the Financial Conduct Authority and the Prudential Regulation Authority.
Strategic Minerals receives approval for Hanns Camp works
Mineral production and development company Strategic Minerals has received approval from the Western Australian government for a series of works on several properties within the Hanns Camp nickel-copper project.
Air Partner agrees re-marketing deal with Saudi Arabian Airlines
The aircraft re-marketing division of Air Partner, has been appointed by Saudi Arabian Airlines (Saudia) as its exclusive re-marketing agent to its fleet of 15 Boeing aircraft.
Standard Life, Aberdeen merger gets green light from UK regulators
Standard Life's £11bn merger with Aberdeen Asset Management has been given the green light by UK regulators.
FCA proposes banks increase transparency to customers
The UK financial watchdog has launched proposals to help customers make comparisons for business and personal current accounts.
EU Supply strikes another deal under framework agreement
E-procurement software provider EU Supply received its second contract under the new framework agreement entered into with an unnamed existing customer, for additional services to its ‘CTM’ platform, which was announced on 16 June.
E-commerce a boon for Time Out as print declines
Media and entertainment business Time Out Group traded in line with management expectations in the first six months of its financial year, it claimed on Monday, saying it expects revenue to increase 13% year-on-year to £18. 7m compared to the first half of last year.
RhythmOne to participate in Google advertising trial
Advertising technology company RhythmOne have become one of the first to participate in Google's open beta DoubleClick exchange bidding (EB) program for online advertising.
DekelOil pressing ahead with its next Ivorian palm oil project
Owner and operator of the Ayenouan palm oil project in Côte d'Ivoire, DekelOil Public, commenced operations at Guitry - its second project in the country - it confirmed on Tuesday.
Domino's Pizza interim profit up but shares slide as LFL growth slows
Domino's Pizza reported an increase in first-half pre-tax profit as it continues to see strong online sales growth, but unimpressive like-for-like growth hit the shares on Tuesday.
CBI's UK industrial production survey shows mixed picture
UK industrial production in recent months increased at the fastest pace since the mid 1990s, the CBI has found, although its headline balance of total orders was lower than forecast.