News And Announcements
Carillion more worried about bosses' paychecks than saving the business
Carillion was more focused on protecting directors' bonuses than on saving the collapsing business, MPs have found in an inquiry into the contractor's collapse.
Axel Springer takeS 11.5% stake in Purplebricks as agent warns on revenues
German publishing giant Axel Springer said it was spending £125m to take an 11. 5% stake in Purplebricks as the online estate agent warned full year revenues would be 5% below estimates.
Vipera revenues surge after acquisitions of SoftTelecom
Mobile financial services provider Vipera announced a trading update for the year ended 31 December on Monday, reporting a 27% improvement in group revenues to €10. 1m.
Tristel teams up with Parker Labs ahead of US approval for 'Duo'
Infection prevention products manufacturer Tristel has entered into a manufacturing and marketing agreement with US-based Parker Laboratories, whereby Parker will manufacture Tristel's ‘Duo’ chlorine dioxide foam disinfectant for the north, central and south American market, and would market the product in the ultrasound marketplace throughout the region.
Restore acquiring TNT Business Solutions in £88m deal
Office services provider Restore has entered into an agreement to acquire TNT Business Solutions, the records management business of TNT UK, for a total consideration of £88m on a cash and debt free basis, it announced on Monday.
Synectics gets security system contract for new German metro trains
Advanced surveillance technology company Synectics announced on Monday it is to supply networked video recording solutions for a fleet of new metro trains set to service a major German city, with an initial contract value of more than €1m.
Stratex and IAMGOLD get approval for option agreement
Turkey and Africa-focussed gold exploration and development company Stratex reported on Monday that, following its announcement on 1 March, it has received governmental approval in Senegal for its option agreement with AGEM Senegal Exploration.
Columbus completes dismissal of 15 employees in Spain
Trinidad-focussed oil and gas producer Columbus updated the market on its Spanish subsidiary, Compañía Petrolifera de Sedano (CPS) on Monday, after it began a collective dismissal procedure under Spanish law affecting its employees in Burgos.
JD Sports sets eyes on USA with $558m Finish Line acquisition
JD Sports has agreed the "transformational" acquisition of Nasdaq-listed retailer The Finish Line for $558m (£396m) in a deal that would add a 556-store estate across 44 US states of the largest sportswear market in the world.
Scapa swallows up Texas-based BioMed Laboratories
Scapa Group has acquired Texas-based BioMed Laboratories, it announced on Monday, for an initial cash consideration of $19m with a further cash consideration of up to $13m payable depending on the acquisition’s performance in calendar years 2018 and 2019.
Toople woos big London bakery chain away from BT
Bespoke telecom services provider Toople announced a major contract win on Monday, having signed a new contract with a London-based bakery to provide full telecom services to their 52 retail sites and their company headquarters.
Impact Healthcare buys two-unit care home in Bristol
Impact Healthcare has acquired, in a sale and leaseback transaction, a care home in Bristol for a total consideration of £4. 9m, it announced on Monday.
Target Healthcare acquiring two under-development care homes
Specialist care home investor Target Healthcare has entered into contracts to acquire and forward-fund two new care homes located near Shrewsbury, Shropshire and in Preston, Lancashire, for a cost of around £15. 6m, it announced on Monday.
Uber continues Asia retreat with sale to Grab
Uber has agreed to sell its south-east Asia operations to local rival Grab for an undisclosed sum as it continues to retreat from the region.
HICL buys another 45pc chunk of schools project from Galliford Try
Infrastructure investor HICL Infrastructure Company has acquired an incremental 45% interest in the Priority Schools Building Programme North East Batch Project from Galliford Try, it announced on Monday.
Pennon to take hit on costs of legal dispute with Interserve
Utility company Pennon said it was on track to meet full year expectations but warned that its energy recovery facility in Glasgow would cost £95m more than the original budget figure of £155m.
GKN welcomes Dana's cash offer, retracts director quotes
GKN has received an increased cash offer for its Driveline business from US-based Dana, while also being forced to retract directors' statements quoted in Sunday newspapers about the hostile takeover bid from Melrose Industries.
Shire teams up with NanoMedSyn for enzyme replacement therapy research
Rare disease-focussed pharmaceuticals firm Shire announced on Monday that it and biotechnology specialist NanoMedSyn have entered into a preclinical research collaboration to evaluate a potential enzyme replacement therapy using NanoMedSyn's proprietary synthetic derivatives named AMFA.