News And Announcements
Ryanair to cancel more than 30 flights over next six weeks
Irish low-cost airline Ryanair revealed plans to cancel over 30 flights daily for the next six weeks after admitting chaos in the planning of pilot holidays.
Founder of Rolling Stone puts magazine up for sale
The founder of the Rolling Stone has announced plans to put his controlling stake in the 50-year old music and counterculture magazine up for sale, although no mention was made of whether the company is already in talks with potential buyers.
Monarch Airlines said to be seeking restructure of short-haul business
UK carrier Monarch Airlines were said to be in the process of a radical overhaul of its business strategy as it held discussions with regulators regarding the annual extension of its tour operators licence.
Stride agrees final earn-out from 8ball acquisition
Online gaming operator Stride Gaming announced on Monday that it has agreed the final earn-out consideration payable in respect of its August 2016 acquisition of 8ball Games.
Hydrodec patent application success in US
Clean-technology industrial oil re-refining firm Hydrodec Group announced on Monday that it has been successful in its application for a new patent in respect of its transformer oil re-refining process.
Xeros signs development agreement with 'leading' washing machine maker
Polymer-based technologies developer Xeros Technology Group has signed its first ‘Symphony Project’ development agreement with a “leading manufacturer” of commercial washing machines, it announced on Monday.
Yet another quarter of growth for Domino's Polish operator
Domino’s Pizza master franchise holder for Poland, DP Poland, posted its first half results to 30 June on Monday, confirming that there were now 48 stores open across 19 cities in the country at year-end - 13 of them opened in the 2017 calendar year.
Uber, Addison Lee to be hit by new TfL fees
The cost for large private hire operators is set to skyrocket in the capital, as Transport for London confirmed major changes to the way it charges licensing fees for private hire operators on Monday.
Northrop Grumman to buy Orbital ATK for $7.8bn
US security company Northrop Grumman has agreed to buy aerospace and defence technologies group Orbital ATK for around $7. 8bn in cash plus the assumption of $1. 4bn in net debt.
Teva Pharmaceutical sells women's health business for $1.38bn
Teva Pharmaceutical has entered into two agreements to sell the remaining assets of its specialty global women's health business for $1. 38bn.
CMA fines estate agent 'cartel' over price fixing scandal
In 2017, the Competition and Market's Authority (CMA) found that a group of estate agents in Somerset had agreed to fix minimum commission rates for the sale of residential properties, meaning that local homeowners were blocked from getting the best possible deal when selling their properties.
Dalata acquires 333 suites at Clarion Hotel in Dublin
Dalata Hotel Group announced on Monday that it has entered into an agreement with Martin Ferris as receiver, to acquire the long leasehold interest of 33 suites in the Clarion Hotel Liffey Valley, Dublin, for a consideration of €8. 58m.
Mercia Technologies making 'good overall progress'
National investment group Mercia Technologies updated the market on Monday as its investors gathered for the annual general meeting, reporting that its direct investment portfolio had continued to make “good overall progress" since year-end on 31 March.
Escape Hunt posts interim loss, is pleased with progress
Escape game company Escape Hunt posted a pre-tax loss of £1. 1m for its first half on Monday, which was in line with its expectations and included transaction costs of £0. 9m.
Primorus Investments puts cash into 3D tech developer Stream TV
Primorus Investments announced a $0. 2m equity investment in Stream TV Networks on Monday, on a fully-diluted valuation of $336m.
Finsbury Food FY sales flat but profit pushes up despite challenges
Cake maker Finsbury Food reported flat full-year sales on Monday but profits rose despite a challenging environment.
Rentokil loses director in Bell Pott fallout
Rentokil Initial director Chris Geoghegan, who brokered the deal that led to the collapse of public relations firm Bell Pottinger, has left the pest control company with immediate effect.
Union applauds Easyjet over installation of cabin air filters
The UK's largest union Unite called on the entire airline industry to follow Easyjet's "safety first" lead by installing air filtration units on board all aircraft in an effort to reduce the risk of air contaminated by toxic fumes entering aeroplane cabins.
Land Securities' NAV hit but EPS likely to rise after completing bond tender
Land Securities has completed a £502m bond tender to extend its debt maturity and take advantage of low interest rates, which is expected to knock its net asset value but lift earnings per share.
Google and Facebook grab over half of UK digital ad revenues
US tech giants Google and Facebook's domination of the digital advertising market is expected to result in the pair taking 54% of UK advertising revenues in 2017.