News And Announcements
Ofgem to cut investment for electricity firms by £200m
Ofgem said on Friday that it will cut the allowances of some of Britain's electricity distribution network operators (DNOs) by around £200m for the period from 2015 to 2023.
The Gym Group buys 18 gyms from Lifestyle Fitness for £20.5m
The Gym Group has bought 18 gyms from Lifestyle Fitness for £20. 5m in cash.
Wetherspoon's earnings fizz as Martin plans more 'advantageous investments'
JD Wetherspoon served up a potent shot of 43% earnings growth and a passionate diatribe about Brexit from founder and executive chairman Tim Martin.
GlaxoSmithKline clears another regulatory hurdle with new COPD treatment
GlaxoSmithKline, along with Innoviva, announced on Friday that the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) has issued a positive opinion recommending marketing authorisation for fluticasone furoate/ umeclidinium/vilanterol as a maintenance treatment in adult patients with moderate to severe chronic obstructive pulmonary disease (COPD) who are not adequately treated by a combination of an inhaled corticosteroid and a long-acting beta2-agonist.
CEO of Coca-Cola HBC taking medical leave of absence
Coca‑Cola HBC said on Friday that its CEO, Dimitris Lois, will be taking a temporary leave of absence from the company in order to undergo treatment for a medical condition.
JD Sports invests in South Korea JV
JD Sports Fashion has entered into a joint venture agreement with South Korean footwear retailer, Shoemarker Inc (SMK), in relation to its J&S Partners unit, which currently trades as Hot-T.