News And Announcements
U+I purchase of Preston Barracks goes unconditional
Specialist regeneration developer and investor U+I announced on Monday that its contract to purchase the Preston Barracks site from Brighton & Hove City Council is now unconditional, allowing it to deliver one of Brighton's biggest ever mixed-use regeneration projects.
Altona Energy appoints geologist as Westfield project continues
South Australia-focussed coal exploration company Altona Energy announced on Monday that it has engaged the services of a local and “highly experienced” consulting exploration geologist, Brenton Newell, for the initial stages of its project.
Chariot Oil & Gas plans equity fundraising to deliver another well
AIM-listed Chariot Oil & Gas confirmed on Monday that it is planning an equity fundraising as it looks to raise around $15m to help fund the delivery of another well.
AB Foods overcomes rare Primark dip with 'encouraging' revival
Associated British Foods reported a rare decline in sales at its Primark retail arm in the first half of the year but said its full year outlook was unaltered.
Sweden's Hydro offers $345m for Rio Tinto's aluminium assets
Rio Tinto has received a binding $345m offer from Sweden's Hydro for its aluminium assets.
Dechra roars through first half of growth
Dechra reported strong trading in line with management expectations in its half-yearly report on Monday, with reported group revenue improving 11. 2% year-on-year at constant exchange rates and 12. 5% at actual exchange rates, to £194. 1m.
Weinstein company to file for bankruptcy after sale talks collapse
The Weinstein Company is set to file for bankruptcy in the following days after talks to sell assets to an investor group collapsed.
Senior profit beats expectations as revenue exceeds £1bn for first time
FTSE 250 engineering solutions provider Senior rallied on Monday as its full-year profit came in ahead of expectations and sales exceeded £1bn for the first time.
CMA rejects energy companies' appeal over electricity dispute
The Competition and Markets Authority has rejected an appeal from energy suppliers SSE and EDF over their request for lower electricity transmission charges.
Hiscox profit tumbles 91% as natural catastrophes take their toll
FTSE 250 insurer Hiscox was under the cosh on Monday as it posted a 91% drop in full-year profit following "an historic year for catastrophes".
Greencoat UK Wind targets more dividends after hitting £1bn market cap
Renewable infrastructure fund Greencoat UK Wind told investors on Monday that power generation across its portfolio had been in line with its budget for the past calendar year, keeping the firm on track for its dividend and capital growth targets.
Anglo American completes sale of Australian coal mine
Mining giant Anglo American has completed the sale of the Drayton thermal coal mine and Drayton South project in New South Wales, Australia, to Malabar Coal Limited, with the terms of the transaction remaining confidential.
Vodafone teams up with Samsung on smart home products
Vodafone Group announced on Monday that it will become Samsung's exclusive strategic telecoms partner in selected European markets, to develop and launch a range of consumer ‘internet of things’ (IoT) smart home product and services.
Hammerson profit rises as net rental income jumps 7%
FTSE 100 property development and investment company Hammerson - which announced a £3. 4bn takeover of Intu Properties in December - reported a rise in full-year pre-tax profit on Monday as net rental income jumped 7%.