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News And Announcements
14 Mar
prudential pru
Prudential announces plan to spin off UK businesses

Prudential announced plans to split off its UK and Europe business as the life insurer posted a rise in annual profit driven by surging sales at its Asian business.

14 Mar
ep alcohol bebida
Conviviality discovers £30m tax bill that threatens covenants, cancels interim divi

The bad news just kept coming for Conviviality on Wednesday as it announced that it was cancelling the interim dividend that was due to be paid at the end of the week, after its shares were suspended following the discovery of a £30m tax bill that could force the alcohol wholesaler and distributor to break its banking covenants.

14 Mar
Money pounds sterling
Flowtech Fluidpower buying Balu in £10.2m deal

Specialist technical fluid power products supplier Flowtech Fluidpower has entered into an agreement to acquire the entire issued share capital of Balu and its trading subsidiaries, Beaumanor and Derek Lane, for a total consideration of approximately £10. 2m, it announced on Wednesday.

14 Mar
calculatrice et trombones comptes entrepreneurs entreprises argent finances tpe pme entreprenariat finances banques startup business plan argent
AfriTin upbeat on latest work at Uis mine

AfriTin Mining, a mining company with a portfolio of near production tin assets in Namibia and South Africa, updated the market on operations at its flagship Uis tin mine in Namibia on Wednesday, reporting the completion of detailed geological mapping over the V1 and V2 pegmatites.

14 Mar
ep toys r us
Toys R' Us set to shut all UK stores, 3,000 employees to lose their jobs

Toys R Us are set to start closing all 100 UK stores on Thursday leaving 3,000 staff on the street after the retailer failed to find a buyer, leading to the collapse of the company.

14 Mar
Cape Verde, holidays, tourism, beach
Which? claims holidaymakers aren't warned about post-Brexit flight cancellations

Which? has revealed that millions of holidaymakers haven’t been warned properly by travel companies of the consequences of a ‘no deal’ on aviation post-Brexit, which includes potential flight disruptions and booking cancellations.

14 Mar
electricidad energia cables torres electricas corriente
Yu Group raises £12m for investments in growth

Independent supplier of gas and electricity to the corporate sector, Yü Group, has raised £12. 0m in gross proceeds, it announced on Wednesday, through a placing of 1. 2 million new ordinary shares at a price of £10. 00 each.

14 Mar
internet computers
Corero confirms two orders for its 'SmartWall' system

Network security company Corero Network Security announced two orders for its ‘SmartWall’ threat defense system technology on Wednesday, with a combined value of $0. 9m and additional incremental orders expected in 2018.

14 Mar
Morrison, Morrions, supermarkets
Morrisons drops as payout on 'continued growth' fails to convince

Supermarket group Morrisons announced a special dividend on top of its annual payout as management expressed confidence that the company will continue to grow sales and profits.

14 Mar
gkn, engineer, melrose
Melrose proposes binding GKN undertakings to MPs

Melrose Industries has sought to reassure MPs about its proposed hostile takeover of GKN by proposing binding commitments on research, pensions and other matters of political concern.

14 Mar
real_estate_for_sale_dos_150_150
OnTheMarket signs up 1,000 offices since AIM admission

Online property portal operator OnTheMarket announced on Wednesday that, in the first five weeks since admission to AIM, additional agent firms with more than 1,000 offices were now in listing agreements with the company.

14 Mar
coins currency investment insurance business finance company
LightwaveRF abandons exclusive distribution model

Smart home solutions provider LightwaveRF announced a series of expanded distribution arrangements covering both the UK retail and wholesale sectors on Wednesday - one of which would lead to Lightwave devices being sold by the John Lewis Partnership.

14 Mar
libra, esterlina, divisa, moneda, reino unido pound currency
Physiomics awarded a new Innovate UK grant

Cancer treatment prediction technology company Physiomics has been awarded a new grant by Innovate UK, it announced on Wednesday.

14 Mar
cinema
Everyman Media profit jumps amid expansion

Everyman Media, the owner of the Everyman cinema chain, reported a big jump in full-year profit on Wednesday as it continues to expand.

14 Mar
factory, gkn, industrial, engineer, melrose
Dana could list in London as part of GKN deal

US-based auto parts giant Dana Inc could list its shares in London as a condition of its $6. 1bn acquisition of GKN's power train business.

14 Mar
city london londres
London midday: Stocks rise as investors cheer Prudential spin-off; US retail sales eyed

London stocks were adding to their early gains by midday on Wednesday, recovering somewhat from losses in the previous session as a strong performance from miners and Prudential lent a hand.

14 Mar
marshalls block paving
Marshalls profit rises, dividend gets a boost

Marshalls posted a jump in full-year profit and revenue on Wednesday as the specialist landscape products group upped its final dividend by 17%.

14 Mar
cbbroadcomqualcomm
Broadcom withdraws and terminates Qualcomm offer

Singapore-based Broadcom has withdrawn and terminated its hostile offer to buy US chipmaker Qualcomm after President Trump blocked the deal on the grounds of national security.

14 Mar
Diamond
Gem Diamonds sparkles on diamond recovery, revenue jump

Gem Diamonds sparkled on Wednesday as it announced the recovery of yet another diamond of more than 100 carats and said full-year revenue rose 13%.

14 Mar
horse hill uk oil gas investments
Alba bolsters Horse Hill consulting team with addition of Sue Corrigan

Diversified mineral exploration and development company Alba Mineral Resources announced the appointment of Sue Corrigan as its technical consultant for oil and gas on Wednesday, with immediate effect.