News And Announcements
Copyportfolio CRISPR-Tech: eToro's formula to invest in biotechnology
Promoted The acronym CRISPR comes from Clustered Regularly Interspaced Short Palindromic Repeats. This technology is revolutionising the biotechnology sector and from now on it will also revolutionise the wallets of many investors.
Firm that made 9m nuisance phone calls fined £300,000 by UK watchdog
The Information Commissioner’s Office (ICO) has fined Holmes Financial Solutions Ltd for making 8. 7m automated marketing calls in less than a year, though the company said it was appealing the decision.
TalkTalk concerns overdone, RBC upgrades
RBC Capital Markets upgraded its rating on telecom group TalkTalk to 'outperform' on Thursday, saying that while not without issues, they believed concerns over the firm's balance sheet seemed to be overdone.
Facebook's 2017 profit up 56% despite usage decline
Facebook reported a 67% rise in net profit for 2017 on Thursday, to $15. 9bn from a $10. 2bn figure in 2016.
IWG tumbles as talks with Brookfield and Onex end
Shares in IWG tumbled on Thursday after the serviced office provider confirmed that discussions with Canada’s Brookfield Asset Management and private equity firm Onex - announced back in December - have ended.
Synthomer confirms completion of BASF Austrian SBR business
Synthomer announced on Thursday that it has successfully completed the acquisition of the BASF Austrian SBR business and assets, as initially announced in September last year.
Royal Mail wraps up defined pension scheme as Union dispute comes to a close
Royal Mail and the Communications Workers Union reached an agreement on Thursday regarding the company's ten-month-long dispute with the trade body over plans to replace its defined benefit pension scheme.
Morrisons to cut 1,500 management roles in drastic staffing overhaul
Morrisons told staff on Thursday that it would soon be cutting roughly 1,500 store management roles as it joins other supermarkets in overhauling its workforce to adapt to changing consumer habits.
IMI completes purchase of Bimba
Specialist engineering group IMI confirmed on Thursday that it acquisition of Bimba has been completed.
Imaginatik launches strategic hunt for possible suitor
Imaginatik announced on Thursday that it has decided to conduct a review of the various strategic options open to it, one of which is a sale of the company.
Chemring subsidiary wins contracts worth £23m
Chemring, which is currently being investigated by the Serious Fraud Office for alleged money laundering, bribery and corruption, said on Thursday that its subsidiary, Chemring Countermeasures, has been awarded contracts for export customers worth a total of £23m.
Sainsbury swipes £60m Nectar loyalty card to boost earnings, insights
Sainsbury's spend £60m to acquire the right to operate the Nectar loyalty programme in the UK from parent company Aimia Inc.
Intermediate Capital increases annual fundraising target
Intermediate Capital increased its annual fundraising target by 50% to capitalise on an increase in the number and size of strategies available to the asset manager.
Indivior expecting significant impact from US tax reform
Indivior announced on Thursday that it expects its future US after-tax income to be positively impacted by the recently-legislated changes to US corporate taxes, that were effective from 1 January.
Acquisitions boost revenues at Euromoney
Euromoney Institutional Investor said first-quarter revenues had grown 6% after acquisitions helped offset exchange rate fluctuations.
RPC quarterly profits surge, will work with EU on plastics waste policy
FTSE 250 plastics products manufacturer RPC Group reported a surge in third-quarter sales and said it was working with governments to reduce plastic waste.
Acacia Mining buys put options for 120,000 ounces of gold
Acacia Mining announced on Thursday that it has bought additional put options covering 120,000 ounces of gold at a strike price of $1,320 per ounce, for a cost of $2m.
Equiniti completes acquisition of Wells Fargo shareowner division
Payment solutions firm Equiniti Group completed its acquisition of US-bank Wells Fargo's Shareowner Services (WFSS) business on Thursday, noting that integration was set to begin immediately.
Ocado promotes solutions boss Luke Jensen to executive role
Online grocer Ocado has appointed Luke Jensen, current chief executive of its Solutions division, to the group's board as an executive director.
Digital growth helps Rank overcome falling visitor numbers
Rank Group reported a 14% rise in first-half operating profit as growth in digital revenues helped make up for falling visitor numbers at casinos and bingo halls.