News And Announcements
BAE Systems shares rise on news of possible Saudi Typhoon purchase
The Kingdom of Saudi Arabia moved a step closer to ordering another batch of Eurofighter Typhoon aircraft on Friday.
GKN to combine Driveline division with Dana in $6.1bn deal
GKN has agreed to combine its automotive business, Driveline, with US-based Dana in a deal valued at around $6. 1bn, as it looks to fend off a £7. 4bn hostile bid from turnaround specialist Melrose Industries.
Melrose Industries extends deadline for GKN offer
Turnaround specialist Melrose Industries said on Friday that the deadline for its £7. 4bn hostile offer for engineer GKN has been extended until 29 March.
Inmarsat shares come down to earth as divi slashed
Shares in satellite services operator Inmarsat were down sharply on Friday after the company said it was slashing its dividend to divert cash towards its in-flight wi-fi offering.
Kepler upgrades Smurfit, adopts 'wait and see' mode after IP rejection
Kepler Cheuvreux has upped its stance on Smurfit Kappa to 'hold' from 'reduce' after the corrugated packaging company said this week that it had rejected an offer from US-based International Paper.
Bwin acquisition boosts GVC earnings, revenue
Sports betting and gaming company GVC Holdings, which received shareholder approval for its merger with Ladbrokes Coral this week, posted a rise in full-year adjusted profit and net gaming revenue on Friday, thanks in part to the acquisition of bwin. party in 2015.
Renewi takes £73m hit from municipal contracts
Renewi is taking a £73m hit from impairments and provisions against expected losses from onerous municipal contracts, but there will be no material impact on the waste-to-product group's cash flow or banking covenants.
Intercede wins new contract with ‘major’ US healthcare provider
AIM-listed software and service company Intercede said on Friday that its MyID product has been selected by a "major" US healthcare provider for deployment as its new identity and credential management infrastructure.
Inmarsat cuts dividend to focus on in-flight wi-fi
Satellite operator Inmarsat on Friday said it would cut its annual dividend to 20 cents a share as it cited issues over payments from a US partner and a desire to cash in on the growing in-flight wi-fi market.
Seeing Machines confirms talks with third new automotive OEM
AIM-listed Seeing Machines confirmed on Friday that it is in talks to deliver its FOVIO Driver Monitoring Systems to an additional new automotive original equipment manufacturer.
SIG sees silver linings in Europe as UK 'increasingly challenging'
SIG, the building products supplier, reported a 10% decline in underlying profits, a statutory loss and cash flow down by a third as the UK market becomes "increasingly challenging".