News And Announcements
Redefine International confirms acquisition of IHG stake from Redefine Properties
Income-focused real estate investment trust Redefine International has agreed to acquire an 8. 9% stake in International Hotels Group from Redefine Properties in an all share transaction.
Reconfigurations and acquisitions boost CareTech at year-end
Specialist social care services provider CareTech Holdings confirmed that trading for the year to 30 September was in line with market expectations in a trading update on Thursday.
Zinc Media receives sixth BAFTA recognition in three years
Television and multimedia content producer Zinc Media Group announced on Thursday that one of its television subsidiaries, Blakeway North, has received a BAFTA nomination in the factual category of the 2017 Children's Awards for a documentary that it produced, entitled 'Born to Vlog', which was made for the CBBC factual strand 'My Life'.
Hydrodec reports strongest ever quarterly earnings
Industrial oil re-refining company Hydrodec Group reported its strongest quarterly EBITDA performance ever on Thursday, in a trading update for the three months to 30 September, with group EBITDA expected to exceed $0. 33m.
Hutchison Chi-Med confirms ADS pricing for $262m fundraise
Hutchison China MediTech - commonly known as Chi-Med - announced the pricing of its underwritten public offering on Wednesday.
Malvern to acquire Singapore accountancy education provider
Education services provider Malvern International has entered into a sale and purchase agreement with the Institute of Singapore Chartered Accountants, it announced on Thursday, to acquire the entire issued share capital of SAA Global Education Centre for a total consideration of SGD 0. 5m.
Elderly landline customers to benefit from BT price cut, says Ofcom
BT customers who buy only a landline telephone service will see their monthly bills slashed by £7 per month, following an Ofcom review.
Vitesse Media swings to loss, names new FD
Vitesse Media said on Thursday that it swung to a pre-tax loss in the first half, as it announced the appointment of Edward Riddell as group finance director with immediate effect.
National Express reports solid quarter despite tough UK conditions
Passenger transport operator National Express Group reported a 12. 3% improvement in group normalised profit in a trading update for the three months to 30 September on Thursday, which translated to a 14. 9% improvement at constant currency.
Acacia Mining plays waiting game as parent ups Tanzania tax provisions
Acacia Mining's parent company Barrick Gold has more than doubled provisions for potential back tax charges in Tanzania, where the London-listed company has been embroiled in a dispute with the government since March.
Retail sales falling at fastest pace since 2009, while wages climb
UK retail sales are tumbling faster than at any time since the height of the financial crisis as industry pay rises faster than the rest of the economy, two industry surveys revealed on Thursday.
Unilever takes step towards corporate simplification
Shares in Unilever rose after the consumer goods giant made further progress in efforts to simplify its Anglo-Dutch corporate structure.
Inchcape defies UK fears with strong international growth
Motor dealer and distributor Inchcape continued to growth sales at double digit rates in the third quarter, which reassured investors spooked by a warning from UK-focused rival Pendragon earlier in the week.
Falling UK demand puts brakes on car manufacturing output
UK car manufacturing output has fallen for the fifth month in 2017, driven by double-digit declines in domestic sales.
Sirius Minerals signs fertiliser offtake agreement with Wilmar
Sirius Minerals has signed a binding take-or-pay offtake agreement to supply expected future output of its POLY4 fertiliser to PT Chemical Indonesia - a subsidiary of Singapore's Wilmar Group - for exclusive resale into “key” southeast Asian territories including Indonesia, Malaysia, Vietnam, Thailand, Philippines and Myanmar.
Barclays quarterly profits undershoot as markets arm starved of volume
Third quarter profits at Barclays were lower than expected as its investment banking business faced difficult markets that was only partly offset by an improvement in the UK bank and the consumer credit arm.
Kaz Minerals lifts copper guidance as Aktogay ramps up
Kaz Minerals reported a 14% increase in copper production to 75 kt in its third quarter on Thursday, which its put down to the ramp-up at Aktogay, as it lifted its full-year copper production guidance to between 250 kt and 270 kt.
Redefine ends year in line with guidance, lowers dividend
Income-focussed real estate investment trust Redefine International reported underlying earnings per share of 2. 75p in its final results for the year to 31 August on Thursday, which was in line with guidance.
EC approves paediatric label extension for Shire's FIRAZYR
Rare disease specialist Shire announced on Thursday that the European Commission has approved a label extension, granting a new indication for FIRAZYR (icatibant injection), broadening its use to adolescents and children aged two years and older with hereditary angioedema (HAE) caused by C1-esterase-inhibitor (C1-INH) deficiency.
Underlying growth continues through Q3 at Relx
Information and analytics company Relx Group reported continued underlying revenue growth in the first nine months of 2017 in a trading update on Wednesday, reaffirming its outlook for the full year.