News And Announcements
Greene King's weaker sales and gloomy pubs outlook drags down sector
Greene King was crying into its beer as takings from its pubs shrank in the first 18 weeks of the year the coming months offer little chance of a top-up amid weaker consumer confidence, increased costs and increasing competition.
RedstoneConnect 'pleased' with progress in first half
Smart building and commercial space technology and services provider RedstoneConnect updated the market on its trading for the six months to 31 July on Friday, saying it was “pleased” with the progress made across the business in the first half, with trading in line with management expectations.
Direct Line appoints Prudential exec Penny James as CFO
Direct Line said on Friday that Penny James - currently chief risk officer and executive director at Prudential - will join the company as chief financial officer designate.
Polemos reaches agreement to acquire SecurLinx
UK-based investment firm Polemos said on Friday that it had entered into an agreement with US cyber security group SecurLinx to acquire 100% of its issued share capital.
Prospex raises £0.65m in oversubscribed placing
Investment company Prospex Oil and Gas announced on Friday that it has raised £0. 65m gross via an oversubscribed placing of 185,714,300 ordinary shares of 0. 1p each, at a price of 0. 35p per new ordinary share.
Equifax directors sold shares after company discovered data breach
Amid one of the biggest data breaches in US history, it has emerged that three Equifax senior executives sold almost $1. 8m in shares in the days after the credit reporting agency discovered a hack which could have compromised the data of 143 million American customers.
Trinity Mirror in talks to buy Express and Star newspapers
Trinity Mirror, the owner of the Daily Mirror newspaper, is in talks to buy the entire publishing assets of Richard Desmond's Northern & Shell business, which controls the Daily Express, Daily Star and OK! Magazine.
Dairy Crest to reduce cash pension contributions by £12m
Dairy Crest said it will trim its cash pension contributions by around £12m over the next two years and its future pensions bill will reduce as it moves retirees' benefit increase to the consumer price index rather than the retail price index.
Diageo embarks on £1.5bn share buyback programme
Distilling giant Diageo announced on Friday that it has entered into a non-discretionary agreement with Morgan Stanley to enable the company to buy back shares.
British Land announces £300m debut sterling bond issue
The British Land Company announced its debut sterling bond issue for £300m at a coupon of 2. 375% for 12 years on Friday morning.