News And Announcements
Morgan Advanced Materials puts $36m into US pension scheme
Morgan Advanced Materials has elected to make an accelerated cash contribution of an additional $36m to its US defined benefit pension scheme in December, it announced on Monday.
Babcock says IFRS 15 will not need change in contract revenue, profit recognition
Babcock on Monday said the adoption of new accounting rule IFRS 15 would not require a change in contract revenue or profit recognition.
Centrica launches Spirit Energy E&P joint venture
Spirit Energy, the exploration and production joint venture which combines Centrica’s E&P business with Bayerngas Norge, has begun trading as an independent oil and gas operator, it announced on Monday.
Investec admits Steinhoff exposure could make 3pc dent in profits
Investec said it has "immaterial exposure" to South African retail giant Steinhoff International, which caused alarm for its lenders after its shares fell 80% last week, though though some derivatives exposure could put a dent in profits.
BAE confirms £5bn Qatar deal
Qatar has agreed to buy 24 Typhoon fighter jets for £5bn from BAE, the company confirmed on Monday.