News And Announcements
Cairn Homes founders looking to sell 2.1% stake
Cairn Homes said on Tuesday that its three founders are looking to sell around 15. 65m shares in the company, or a 2. 1% stake.
Equiniti plans discounted rights issue to fund Wells Fargo FS acquisition
Equiniti Group is planning a £122m rights issue at a 3232% discount to help fund its proposed $227m cash acquisition of Wells Fargo's share registration services business (£176m).
Redrow slumps as chairman offloads shares
Redrow shares tumbled after The Steve Morgan Foundation - a charitable trust founded by the housebuilder's chairman - and Morgan's investment vehicle, Bridgemere Securities, sold 25. 9m existing ordinary shares at 590p each, representing around 7% of the issued share capital.
CMA approves Wood Group-Amec deal
The Competition and Markets Authority has approved Wood Group's £2. 2bn acquisition of Amec Foster Wheeler.
AA had talks with Hastings over potential insurance merger
The AA held "preliminary talks" with insurer Hastings over a potential merger of the roadside assistance group's insurance business, it confirmed on Tuesday.
Ashtead gets off to good start ahead of expected hurricane boost
Ashtead, the construction equipment specialist, reported strong growth in rental revenue and profits in the first quarter of its financial year, adding that clean-up efforts after Hurricanes Harvey and Irma were likely to increase levels of demand for its fleet.
JD Sports posts record first half as estate expands
JD Sports Fashion reported “another record result” for its half year on Tuesday, with operating profit ahead 33% year-on-year at £103. 3m off revenue of £1. 367bn - up 41%.