News And Announcements
BP chairman to resign, search for successor underway
BP chairman Carl-Henric Svanberg has informed the company of his intention to resign, the group announced on Thursday.
Ryanair, Google and eDreams seal agreement to end legal proceedings
Low budget airline Ryanair together with Google and eDreams reached a settlement to end legal proceedings in the Irish High Court, concerning eDreams’ online adverts on Google’s AdWords platform, the companies confirmed on Thursday.
Acacia Mining parent agrees deal with Tanzania government
Acacia Mining parent Barrick Gold has agreed for the Tanzanian government to take a 16% stake in the London-listed company's three mines in the country and to share revenues, which looks like resolving a months-long dispute.
SigmaRoc gobbles up Topcrete and Allen Concrete
Buy-and-build construction materials group SigmaRoc announced the acquisition of Topcrete and its wholly owned subsidiary Allen Concrete on Thursday, for an initial cash consideration of £9m and a deferred conditional cash consideration of £3. 5m, subject to certain adjustments in respect of completion accounts.
Keywords Studios acquires development service provider d3t
Video games industry technical services provider Keywords Studios announced on Thursday that it has acquired d3t for a total consideration of £3m from the founders Jamie Campbell and Stephen Powell, and “others”.
Plexus sells wellhead equipment arm to TechnipFMC
Oil and gas engineering services business Plexus Holdings announced the sale of its wellhead exploration equipment and services business for Jack-Up applications to FMC Technologies, a subsidiary of TechnipFMC, on Thursday.
CentralNic pens deal with KSregistry, confirms delay to SK-NIC acquisition
Domain name sales company CentralNic Group said on Thursday that it has agreed with Germany's KSregistry for its wholesale division to provide its services for 14 top-level domain extensions currently managed by Open Registry, which KSregistry recently acquired from Group NCC.
Carnival Corporation hikes quarterly dividend
Carnival Corporation has increased its quarterly dividend for the second time this year as management expressed confidence in earnings growth and cash flows.
Genel Energy upbeat on production at Kurdish assets
Genel Energy updated the market on its trading and operations for the third quarter on Thursday, reporting that net production in the period averaged 33,810 barrels of oil per day, with production for the nine months ending September 2017 averaging 36,030 bopd.
Revenues showing 'good progress', says Zytronic
Zytronic issued a pre-close statement ahead of the announcement of the group's results for the year to 30 September on Thursday, which it expected to take place in December.
HSBC and StanChart subject to probe into SA corruption
The Treasury has ordered the Financial Conduct Authority and the Serious Fraud Office to investigate whether HSBC and Standard Chartered are exposed to a corruption scandal in South Africa.
HomeServe raises £125m to fund acquisition of US-based Dominion
HomeServe has raised gross proceeds of around £125m through the placing of 15. 2m shares at 820p each to fund the agreed acquisition of some of the trade and assets of the home assistance cover business of US-based Dominion, a wholly owned subsidiary of Dominion Energy, which it said will accelerate the growth of its North American business.
Vectura confirms launch of Seebri Neohaler in the US
FTSE 250 inhaler maker Vectura said on Thursday that Sunovion, the US licensee of the group's partner Novartis, has launched the twice-daily long acting muscarinic inhibitor Seebri Neohaler in the US.
The Property Franchise Group rejects Belvoir merger offer
The Property Franchise Group confirmed on Thursday that it has received a merger offer from Belvoir Lettings that it has rejected on the basis that it would not be in the best interests of its shareholders.
Hammerson completes acquisition of French shopping centre
Hammerson has completed the acquisition of a French shopping centre for €81m (£72m) from a private vendor.
Unilever sales fall short but silver linings in emerging markets, cost savings
Sales growth from Unilever fell short of expectations for the third quarter, with turnover negative, with the consumer goods colossus generating only minimal volume growth for the sixth quarter in a row.
Travis Perkins benefits from price inflation as sales volumes flat
Third quarter sales from Travis Perkins impressed investors in the builders' merchants but there remained some caution about the outlook.
LondonMetric offloads another two joint venture DFX properties
LondonMetric Property announced on Thursday that it has sold a further two DFS retail properties in Swindon and Swansea for £13. 9m, on behalf of its DFS joint venture.
Stobart confirms bumper dividend after ESL sale
Infrastructure and support services company Stobart Group posted its interim results for the six months to 31 August on Thursday, reporting a surge in underlying EBITDA to £131. 8m, from £20. 2m in the same period last year.
Ashtead advances on the back of upbeat United Rentals update
Equipment rental company Ashtead was boosted on Thursday as from US peer United Rentals' third-quarter earnings came in stronger than forecast.