News And Announcements
IAG reportedly snaps up Monarch's slots at Gatwick
IAG, the parent company of British Airways, has reportedly claimed the take-off and landing slots that once belonged to collapsed holiday-maker Monarch at London's Gatwick Airport.
NEO Investment Partners to invest £30m in Victoria Beckham Limited
NEO Investment Partners, a private equity firm founded in 2008, is to invest £30m in Victoria Beckham Limited, enabling the brand to expand its operations globally.
Gateley 'pleased' with first half progress
National commercial law firm and professional services group Gateley updated the market on its trading for the first half to 31 October on Monday, saying it was “pleased” with the performance of the business in the period.
Cohort ups stake in Portuguese defence firm EID to 80pc
Independent technology group Cohort has acquired a further 23. 09% of the share capital of Empresa de Investigação e Desenvolvimento de Electrónica (EID), for a cash consideration of €3. 97m, it announced on Monday.
Worldpay sees FY net revenue growth at lower end of its guidance
Payments processor Worldpay said on Monday that its merger with Vantiv is expected to complete in mid-January 2018, as it revealed that net revenue growth for FY2017 is likely to be at the lower end of its guidance of between 9% and 11%.
President secures first Argentina lending agreements
Upstream oil and gas company President Energy announced on Monday that President Petroleum, its Argentine subsidiary, has agreed its first commercial bank lending arrangements through established Argentine banks BACS Banco de Credito y Securitizacion and Banco Hipotecario.
Mediclinic promotes chief clinical officer to CEO role
Private hospital operator Mediclinic International has appointed its current chief clinical officer, Carel Aron van der Merwe, as chief executive officer, succeeding Danie Meintjes, whose retirement was announced in July.
Universe Group lowers expectations due to delayed high-value contracts
Point-of-sale, payment and loyalty systems company Universe Group updated the market on its trading on Monday, ahead of the end of its financial year on 31 December, reiterating that its out turn for the year has been dependent on its ability to close and execute a “small number” of high value contracts before year-end.
Warehouse REIT acquires assets in Staffordshire and Carlisle
Specialist warehouse investor Warehouse REIT has exchanged contracts to acquire two separate assets - one in Stone, Staffordshire and the other in Carlisle - and completed on a site acquisition in Banbury, Oxfordshire.
UBS upgrades GlaxoSmithKline to 'buy', says earnings concerns are overdone
UBS upgraded GlaxoSmithKline to 'buy' from 'neutral' saying that concerns about an earnings decline and dividend sustainability are overdone.
Premaitha Health signs on four new Middle East laboratories
Molecular diagnostics group Premaitha Health announced the further expansion of its Middle Eastern customer base, with four new laboratories having been signed up in the region.
Newmark Security's Grosvenor division wins big new contract
Electronic and physical security systems provider Newmark Security announced on Monday that its wholly-owned security and attendance solutions subsidiary Grosvenor Technology has won a new contract with an unnamed “leading” European workforce management provider.
Sadiq Khan comes to the aid of pubs in new London plan
London Mayor Sadiq Khan announced on Monday that as part of his new 'London Plan' he would undertake extensive measures aimed at halting the "shocking" number of pubs closing their doors in the capital.
Bitcoin heads towards $10,000 despite continued 'bubble' warnings
Bitcoin skyrocketed above the $9,700 mark on Monday, with analysts and speculators eyeing the $10,000 mark as the cryptocurrency's seemingly inexorable rise continues.
Bob Foster back at helm of Stratex as interim CEO
Gold exploration and development company Stratex announced on Monday that its founder, Dr Bob Foster, has been appointed to its board as interim CEO, with immediate effect.
SolGold on track for December resource estimate at Cascabel
SolGold updated the market on the Alpala maiden mineral resource estimate on Monday, which is underway at its 85% owned copper-gold porphyry Cascabel Project in Ecuador.
Transense Technologies secures new iTrack contract win with BHP in Chile
AIM-listed Transense Technologies said on Monday that Translogik, its trading division which provides tyre management solutions, has won a further contract through its Chilean partner Otraco, to supply mining tyre monitoring systems for large haul trucks at the BHP Billiton mine Cerro Colorado.
Revenues rise at Mortice while profits slip
Security and facilities management company Mortice saw revenues grow 16. 6% in its first half to $106. 3m, it reported on Monday.
Akzo Nobel to buy Thai powder coatings manufacturer V.Powdertech
Dulux owner Akzo Nobel has agreed to buy Thai powder coatings manufacturer V. Powdertech for an undisclosed sum.
Allianz to buy remaining shares in Euler Hermes
Allianz has agreed to buy the remaining shares of credit insurer Euler Hermes it does not already own through a simplified cash tender offer.