News And Announcements
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Deutsche Bank upgrades ASOS to 'buy'
Deutsche Bank upgraded online fashion retailer ASOS to ‘buy’ from ‘hold’ and hiked the price target to 7,400p from 5,800p.
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Surface Transforms appoints Michael Cunningham as new FD
AIM-listed Surface Transforms has appointed Michael Cunningham as its new non-board finance director, with immediate effect.
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Christopher Brown to step down as TomCo CEO
TomCo Energy is looking for a new boss after chief executive Christopher Brown said he would step down to concentrate on his other business interests.
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Inland Homes ends 2017 with strong momentum
Inland Homes said it ended 2017 with strong momentum and that the outlook was positive for the coming year.
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Randall & Quilter buys Constantia for £1.5m in cash
AIM-listed Randall & Quilter has acquired Constantia Insurance Company, a captive company now in run-off, from Old Mutual, for £1. 5m in cash, which will be financed from existing resources.
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Rightmove begins share buyback ahead of results
Rightmove has kicked off the process to buy back up to £23m of its shares in the coming eight weeks.
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BBA Aviation promotes Mark Johnstone to CEO
BBA Aviation has ended a seven-month search for a new chief executive by appointing internal candidate Mark Johnstone to run the company.
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Marks & Spencer confirms sale of Hong Kong and Macau businesses
Marks & Spencer has confirmed the sale and franchise of its retail business in Hong Kong and Macau to its long-established franchise partner Al-Futtaim.
Compass confirms succession plans after death of CEO Richard Cousins
Compass Group has confirmed the death of its chief executive, Richard Cousins, and his family in a plane accident over the weekend, and said it has moved forward the date of his succession.
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RDI eyes lower leverage investments after completing German disposal
RDI REIT completed the sale of its German retail property portfolio for €205m, which it will use to further reduce leverage and recycle proceeds into income-enhancing investments it has identified.
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BGEO buys 50% stake in Tbilisi boutique hotel for $4.1m
BGEO Group’s real estate subsidiary, m2 Real Estate, has acquired a 50% stake from a third-party in an upcoming lifestyle boutique hotel in Tbilisi, the capital of Georgia, for $4. 1m.
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BP expects $1.5bn tax charge from US changes before later gains
BP expects changes to US tax rates to trigger a charge of about $1. 5bn (£1. 1bn) before benefiting the company in the long run.
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IAG creates Austrian budget arm with Niki purchases
British Airways and Iberia owner IAG has swooped to buy assets and invest in Niki, a former part of the collapsed Air Berlin group.
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Sythomer sells Leuna site in Germany for undisclosed price
Speciality chemicals company Synthomer has sold its Leuna site in Germany to Alberdingk Boley Gmbh for an undisclosed price.