News And Announcements
House prices rise more than expected in July, slight growth seen in 2017
UK house price growth held up better than expected in July, according to the results of one of the most widely-followed surveys for the sector.
Ronald Bain confirmed as new CFO at Eland Oil & Gas
Eland Oil & Gas, a production and development company with an initial focus on Nigeria confirmed on Tuesday the appointment of Ronald Bain as its new chief financial officer and as a director of the outfit's board.
EasyHotel to apply for planning permission for more floors at Old Street
Easyhotel announced it will convert the top floors of its Old Street, London hotel into offices and refurbish the remaining space to its 'new look' format, similar to those at its Birmingham and Manchester hotels, in order to maximise the property's value.
Rolls-Royce profit and revenue rise, reiterates FY outlook
Rolls-Royce said on Tuesday that its first-half underlying profit rose nearly 150% as revenue edged up and the aerospace and defence giant reiterated its outlook for the full year.
AA tanks as it fires executive chairman for misconduct, warns of flat FY
Shares in FTSE 250 roadside assistance company AA tanked on Tuesday after it said it has fired Bob Mackenzie as executive chairman for gross misconduct with immediate effect and cautioned that full-year results would be flat on last year.
WPP invests in US-based start-up LOOM Media
WPP’s global out-of-home media and experimental market division, tenthavenue, is investing in US-based start-up company LOOM Media, which specialises in creating opportunities for brands to sponsor urban innovation.
Empyrean upbeat on Dempsey drilling announcement
China, Indonesia and United States focused oil and gas development company Empyrean announced on Tuesday that it has been informed by Sacgasco, the operator of the Dempsey 1-15 well in the Sacramento Basin, onshore California, that it plans to commence drilling the Dempsey 1-15 well on 1 August.
Maintel buys Intrinsic Technology for £5.25m
Managed communications provider Maintel Holdings announced the acquisition of the entire issued share capital of Intrinsic Technology on Tuesday, for a total consideration of £5. 25m on a cash-free, debt-free basis.
Taylor Wimpey interim profits fall but special divi announced
FTSE 100 housebuilder Taylor Wimpey reported a 24% drop in first-half pre-tax profit on Tuesday as it put aside £130m for homebuyers that were affected by a leasehold scandal.
Morrisons to take wholesale supply past GBP1bn with McColl's deal
Morrisons has inked a wholesale supply deal with convenience store chain McColl's 1,650 shops from January, which it expects to make a small contribution to profit next year.
Early Diwali boosts Anglo American's De Beers rough diamond sales
De Beers has completed an improved sixth rough diamond sales cycle of the year, parent company Anglo American said on Tuesday.
Gocompare profit edges up as marketing margin rises
Price comparison website Gocompare reported a small rise in interim profit on Tuesday as revenue ticked up and the company said it was confident about meeting its expectations for the full year.
SSE agrees to sell stake in Clyde Windfarm to Greencoat
SSE has agreed to sell a further stake in the Clyde Windfarm in Scotland to Greencoat UK Wind and GLIL Infrastructure LLP.
Grainger venture forward funds Milton Keynes development
Grainger’s joint venture with APG, GRIP REIT, has unconditionally agreed to forward-fund and acquire a 139 home build-to-rent private rented sector development in Milton Keynes, the listed residential landlord announced on Tuesday, for £30. 5m from the High Street Group.
HomeServe to buy home boiler installer Help-Link
FTSE 250 repairs and home improvements company HomeServe has agreed to buy home boiler installer Help-Link in a deal that values the business at up to £22. 7m, to create a new UK-wide home heating business, bringing together installations, servicing and repairs.
Sanne Group sees strong performance continue in first half
Alternative asset and corporate administration services provider Sanne Group said its core business lines saw “good growth” in the first half of the year on Tuesday, driven by “strong momentum” from new business opportunities delivered in the latter part of 2016.
BBA Aviation swings to profit in first half
BBA Aviation said on Tuesday that it swung to a profit in the first half as it lifted its dividend by 5%.
BP moves back into the black, lowers cash break-evens
BP moved back into the black during the second quarter of 2017 thanks to an improved performance in its upstream arm with the firm having lowered its cash break-even level to $47 per barrel of oil.
Acquisition boosts Elementis in first half
Speciality chemicals company Elementis described a strong first half on Tuesday, with sales rising 24% year-on-year to $414. 8m and statutory profit ahead 16% at $43. 2m.