News And Announcements
De La Rue slumps as it warns on profit, CFO resigns
Shares in banknote manufacturer De La Rue slumped on Tuesday as it announced the departure of its chief financial officer, Jitesh Sodha, and warned that results for the year will be around the lower end of the current consensus range.
TI Fluid delivers 'solid' first results, high hopes for auto 'megatrends'
TI Fluid Systems, the maker of brake and fuel lines and plastic fuel tank systems, has delivered a solid set of full year results after floating in October and joining the FTSE 250 not long after.
Government plans crackdown on bosses of failing companies
The government has proposed a clampdown on bosses who run or control companies that run into insolvency after a series of high-profile corporate failures.
Hikma US unit launches anti-HIV tablet
Generic drug maker Hikma Pharmaceuticals said its US subsidiary West-Ward had launched Ritonavir Tablets, the first AB-rated generic to Norvir tablets.
The Gym Group profit jumps as it expands, increases market share
The Gym Group posted a jump in full-year profit and revenue on Tuesday as it increases its market share and expands its estate.
Ryanair partners with Niki Lauda's latest airline venture
Ryanair Holdings has entered into a binding agreement with former F1 driver and veteran airline entrepreneur Niki Lauda, it announced on Tuesday, to support his plan to develop and grow LaudaMotion - an Austrian Airline based in Vienna.
AustralianSuper fund appoints European investment chief
Pensions provider AustralianSuper on Tuesday said it had appointed Damian Moloney as its European head of investments as the fund looked to expand its offshore investment opportunities.
Regulatory pressures a concern for 888
Online gaming entertainment company 888 issued its audited annual financial results for the year ended 31 December on Tuesday, reporting a 4% increase in group revenue to $541. 8m.
Virgin Money and Aberdeen Standard Investments form asset management JV
Virgin Money and Aberdeen Standard Investments have announced the formation of a joint venture to provide asset management services to customers.
Cashed-up Hansteen to return £145m to shareholders
Industrial property investment company Hansteen sent a circular to shareholders over the return of £145m of capital on Tuesday, following its announcement on 5 February that it had agreed to dispose of the Industrial Multi Property Trust portfolio for £116m to an entity owned by Warehouse REIT, with completion expected to occur at the end of March.
Michelin to buy Fenner in £1.3bn deal
French tyre manufacturer Michelin has agreed to buy UK engineering company Fenner in a deal worth around £1. 3bn.
NewRiver in deal to redevelop Basingstoke leisure park
Property company NewRiver said it had won a deal with Basingstoke and Deane Borough Council to redevelop a 66-acre leisure park in Basingstoke for an undisclosed sum.
Imperial Brands sells US accessories and rollies brands
Imperial Brands has sold a range of accessories and roll-your-own brands in the US in an effort to simplify its business.
GKN board says Melrose pension claims are 'misleading'
One of the most intense games of corporate ping-pong continued apace on Tuesday, as GKN responded to Melrose’s latest allegations over its UK pension schemes.
Polypipe delivers in tough UK market; closes Dubai factory
Tube maker Polypipe said a strong UK performance against a challenging backdrop helped it to record a 3. 9% rise in full year pre-tax profits to £55. 6m.
Ocado hit by snow in first quarter as new centres ramp up
Ocado's first quarter saw revenues fall from the preceding quarter but improve compared to the start of last year as heavy snow across Britain disrupted the final week to knock nearly 1% off sales.
Wood Group expects earnings growth in 2018 after Amec acquisition
Wood Group said it expected modest earnings growth in 2018 as the oilfield services company benefits from a tentative recovery in oil and gas markets and cost savings from the acquisition of Amec Foster Wheeler (AFW).
Hammerson signs £1.5bn credit facility to support Intu deal
A day after it emerged that it had recently rejected a £5bn offer from French shopping centre operator Klepierre, Hammerson said it has signed a £1. 5bn revolving credit facility to support its acquisition of Intu Properties.
Bellway on track to pass 10,000 home mark as H1 profits rise
Housebuilder Bellway said it was on track to build more than 10,000 homes in a year for the first time as half year pre-tax profits rose 16. 6% to £288. 7m.