News And Announcements
Royal Mail, ContourGlobal, On The Beach promoted in FTSE reshuffle
Royal Mail has bounced straight back into the FTSE 100 after just three months out of the top flight index, while it was all-change as the FTSE 250 index welcomed demoted Hammerson and new names including Bakkavor, Charter Court and ContourGlobal plus retail stalwart Games Workshop.
Arsenal offsets turnover decrease by netting profit from transfers
Arsenal Holdings PLC, the group which operates Arsenal Football Club, recorded a decrease in operating profits in their half year results on Wednesday as the club continues to struggle on the pitch.
Travis Perkins profits down amid tough trading conditions
Building merchant Travis Perkins posted its annual results for the year ended 31 December on Wednesday, reporting lower profits and guiding to a flat 2018.
Primorus to sell 5pc Horse Hill Developments interest to Solo Oil
Primorus Investments has entered into a conditional sale and purchase agreement to dispose of a 5% interest in Horse Hill Developments to Solo Oil, it announced on Wednesday.
Globalworth makes solid progress with developments
Globalworth Real Estate updated the market for its operations for the year ended 31 December on Wednesday, ahead of the publication of its annual report in early March.
Surgical Innovations subsidiary extends agreement with Microline
Surgical Innovations Group announced on Wednesday that its wholly owned subsidiary, Elemental Healthcare, has signed an additional three-year exclusive UK distribution agreement with Microline Surgical in the US, which was due for renewal on 31 March.
US pending home sales slump in January
US pending homes unexpectedly declined in January, according to figures from the National Association of Realtors.
Tesco's Booker takeover given go-ahead by shareholders
Tesco and Booker Group shareholders have both voted through the supermarket giant's contentious £3. 7bn takeover of the country's leading wholesaler.
Phoenix Global acquires majority stake option at Gordon Lake
North America-focussed base and precious metals exploration and development company Phoenix Global Mining has entered into an exclusive option to acquire 80% of the high-grade Gordon Lake gold property in the Northwest Territories, Canada, from ExGen Resources, it announced on Wednesday.
Osirium Technologies adds support for Microsoft Azure
Cyber-security software-as-a-service provider Osirium Technologies announced support for the Microsoft Azure cloud platform on Wednesday.
Midatech liver cancer drug candidate gets Orphan Drug Designation
Specialty pharmaceutical company Midatech announced on Wednesday that the European Medicines Agency has granted Orphan Drug Designation for its advanced liver cancer drug candidate, MTD119.
UK mobile auction sees surprise bid from SoftBank - report
The Japanese giant SoftBank has reportedly backed a bid to create a new mobile network in the UK through Ofcom’s auction of airwaves for 5G networks.
Foxtons profit plunges as London property transactions seize up
Foxtons' annual profit fell by almost two-thirds as the estate agent suffered from the seizing up of transactions in the London property market.
Collapse of Toys R Us, Maplin into administration rocks retail sector
Toys R Us went into administration on Wednesday after failing to secure a rescue deal, while electronics retailer Maplin collapsed as talks with a potential buyer broke down.
Riverstone Energy's NAV rises on the back of improved oil prices
Riverstone Energy saw its net asset value rise to $20. 63 per share in its last financial year, with recent US tax reforms and rebounding oil prices helping push the firm ahead.
RHI Magnesita updates offer for Magnesitas Refratarios
Refractory products and systems supplier RHI Magnesita announced updated information on the integrated tender offer for Magnesita Refratários on Wednesday.
Capital & Counties sells all units at 9 Lillie Square block
Capital & Counties and its joint-venture partner have exchanged contracts to sell all the apartments and parking spaces at their 9 Lillie Square block in London’s Earls Court for £66m.
CMA launches probe into SSE-Npower retail merger
UK competition authorities have launched an investigation the proposed merger between the SSE and Npower's retail energy businesses.
ITV profits fall but World Cup and strong studio slate give confidence
ITV profits fell last year amid a squeeze on advertising sales, but new chief executive Carolyn McCall is very bullish about the year ahead and has begun a 'strategic refresh' of the group.
UBM posts strong final set of results before sale to Informa
UBM posted a strong rise in annual profit in what is expected to be the events group’s last set of results before the events company is taken over by rival Informa.