News And Announcements
Amazon, JPM, Buffett take aim at US healthcare 'tapeworm'
Healthcare companies found themselves in the crosshairs of three of the US' biggest corporate guns on Tuesday as Amazon, JP Morgan and Warren Buffett's Berkshire Hathaway joined forces to cut sickness insurance costs for their employees.
Paraag Amin confirmed as permanent CFO at dotDigital
Marketing platform software-as-a-service provider dotdigital Group announced on Tuesday that Paraag Amin will be joining the group as its chief financial officer, replacing interim CFO Phillip Blundell.
OneView to develop POS concept for Australia Post
Digital point of sale provider OneView Group has started a project with the Australian Postal Corporation, it announced on Tuesday.
Gaming Realms content launched on Ladbrokes Coral properties
Developer, publisher and licensor of mobile real-money and social games, Gaming Realms, announced on Tuesday that its ‘Slingo Originals’ content had launched on a number of Ladbrokes Coral gaming sites.
Significant progress made on Gibraltar project, says Modern Water
Water and wastewater treatment and water monitoring technology company Modern Water reported “significant progress” on the wastewater treatment project in Gibraltar on Tuesday - a project which was first announced in October 2014.
Pfizer beats Wall Street estimates on tax gain
US drugmaker Pfizer beat analysts' estimates for adjusted profits on Tuesday, leading the group to issue a bullish forecast for the current trading year after Donald Trump's tax reforms reduced its tax rate from 23% to 17%.
BP promises fiscal conservatism despite rocketing oil prices
BP announced on Tuesday that it would not alter its spending plans despite rising global oil prices and was beginning preparations to approve projects for 2018 aimed at making money with prices below $40 a barrel.
Ryanair recognises British pilots union for the first time
Ryanair has agreed to recognise the British Airline Pilots’ Association (Balpa) to represent 600 UK-based pilots who account for 25% of Ryanair’s pilots.
Blackstone in talks with Thomson Reuters over $20bn financials unit
Blackstone Group, the US private equity giant, is in advanced discussions to buy part of Thomson Reuters.
SAP to buy Callidus Software in $2.4bn deal
German software company SAP has agreed to buy cloud-based human resources software group Callidus Software, which trades as CallidusCloud, for a total enterprise value of $2. 4bn through its SAP America unit.
Sprue Aegis sees operating profit in line with market views
Sprue Aegis said on Tuesday that operating profit for the year to the end of December 2017 is expected to be in line with market views at around £4. 5m, up from £2. 1m the year before, albeit against lower sales, thanks in part to a “significant” improvement in gross margin and pro-active management of the cost base.
TfL appoints contractor for East London Line to replace Carillion
Transport for London has appointed Cleshar Contract Services to replace Carillion in maintaining London Overground's East London Line.
Activist hedge fund eyes up Waterstones - reports
Hedge fund Elliott Advisors is in talks to buy Waterstones, the British bookseller owned by Russian oligarch Alexander Mamut, according to press reports.
CYBG on track after solid first quarter
CYBG said it was on track to meet forecasts for annual profit after the bank traded in line with expectations in the first quarter of its financial year.
Lighthouse wins new contract with Unison
AIM-listed financial adviser Lighthouse Group has won a new contract with public service union Unison to be the preferred provider of expert mortgage advice to its members.
Restore ends year in line with expectations
Office services provider Restore confirmed on Tuesday that trading for the year to 31 December was in line with expectations.
Cohort wins £700k contract with UK government agency
AIM-listed technology group Cohort said on Tuesday that its SEA subsidiary has won a contract with an initial value of £700,000 with a UK government agency to lead a team in the area of soldier system research and development.
Obtala raising £4.5m for acquisition and expansion
Resources group Obtala announced details of an acquisition, new expansion capital and a fundraising on Tuesday, reporting that the subscription would raise £4. 5m before expenses at a price of 12. 5p per new ordinary share.
IXICO wins new contract worth $2.7m with global pharma customer
AIM-listed IXICO, a digital technologies company serving neuroscience, has signed an additional new contract with an existing global pharmaceutical customer worth $2. 7m over a seven-year term.
John Menzies Group not adjusting expectations after US tax reform
Following the recent changes to the US federal corporate tax rate, John Menzies Group announced on Tuesday that it was not expecting any material impact on its underlying effective tax rate for 2018 onwards.