News And Announcements
U+I offloads Waitrose site in Ringwood, retains neighbouring units
Specialist regeneration developer and investor U+I announced the sale of the anchor Waitrose store in the Furlong Shopping Centre in Ringwood from its investment portfolio on Wednesday, to IM Properties, for £17. 25m.
Sound Energy share premium account cancellation gets the High Court nod
Morocco and Europe-focussed gas company Sound Energy announced on Wednesday that the cancellation of the share premium account was approved by the High Court of Justice of England and Wales on 13 March.
JZ Capital offloads Paragon Water for $3.7m gain
JZ Capital Partners announced the sale of Paragon Water Systems to residential, office, commercial and industrial water treatment company Culligan Water on Wednesday.
CentralNic confirms talks about combination with KeyDrive
Software platform company CentralNic confirmed on Wednesday that discussions are taking place regarding a potential combination with KeyDrive and its subsidiaries including domain reseller platforms and the corporate registrar BrandShelter.
Block Commodities taking 21pc chunk of South Africa fertiliser firm VIPA
Block Commodities has entered into an agreement to acquire a strategic 21% equity stake in VIPA Holdings, a South African wholesale distributor of fertiliser and speciality plant and animal nutrition products, it announced on Wednesday.
Burford Capital surges as profit jumps 130%
Burford Capital rocketed on Wednesday as the AIM-listed finance and investment management company reported a 130% jump in full-year net profit as income surged.
Versarien and Team Sky to explore uses for graphene in cycling
Versarien has agreed to work with Team Sky on uses for the Aim-listed company's graphene in high performance cycling equipment.
Hikma FY numbers hit by US impairment charge
A $920m impairment charge on Hikma Pharmaceuticals' West-Ward Columbus business led to the company reporting a hefty $738m full year pre-tax loss on Wednesday.
Dignity performs in line as death rate remains flat
Funeral and funeral-related services provider Dignity announced its preliminary results for the 52 weeks ended 29 December on Wednesday, with both revenue and underlying operating profit rising 3% to £324m and £104. 6m respectively.
Sportech slides as it ends sale talks and warns over FY earnings, current trading
Shares in Sportech tumbled as the company said it had terminated sales talks and that trading in the first few weeks of the current financial year has been "fairly challenging" while full-year earnings are likely to be below expectations, as it announced the appointment of a new chief executive officer.
Balfour Beatty profits more than double to £196m
Construction conglomerate Balfour Beatty said full year underlying profit from operations more than doubled to £196m from £69m as its turnaround continued.
InterContinental to buy 51% stake in Regent Hotels for $39m
InterContinental Hotels has agreed to buy a 51% stake in Regent Hotels and Resorts for $39m in cash, with the right to acquire the remaining 49% interest in a phased manner from 2026.
Polymetal to sell stake in Kazakh Dolinnye gold property
Polymetal International said it had agreed to sell its 50% stake in the Dolinnoye gold property in Kazakhstan to local miner Altynalmas.