News And Announcements
Millennium & Copthorne appoints industry veteran Jenny Fox as CEO
Millennium & Copthorne Hotels has appointed hospitality industry veteran Jenny Fox as group chief executive officer with effect from 19 June.
Bad news keeps rolling in for Safestyle as HSE slaps it with £850k fine
Following profit warnings in December and February, there was more bad news for Safestyle on Tuesday as the Health & Safety Executive slapped the double glazing group with an £850,000 fine relating to an incident in which one of its contractors suffered an injury.
Nestle and Waitrose make vastly different commitments on packaging pollution
Nestle has announced it aims to produce 100% recyclable and re-usable plastic packaging by 2025, while Waitrose said it intends to phase out all disposable coffee cups by the autumn.
BP commits to two new North Sea developments worth £420m
BP has committed to two new North Sea developments at an estimated cost to the oil major of £420m with peak production seen reaching 30,000 barrels gross of oil equivalent per day.
Kibo Mining raising £1.5m through placing
Africa-focussed energy and resource company Kibo Mining confirmed on Tuesday that it has received commitments to raise £1. 5m before expenses via a placing of 28,571,428 ordinary shares, at a placing price of 5. 25p per share.
ReNeuron appoints Richard Beckman as chief medical officer
AIM-listed stem cell research company ReNeuron has appointed Richard Beckman as chief medical officer, replacing Julian Howell, who has left to pursue other opportunities.
Capita's VW UK customer service contract extended by two years
Capita was on the front foot on Tuesday as the outsourcer announced that its 11-year customer service contract with Volkswagen UK has been extended by two years.
Provident Financial rights issue closes with 96pc acceptance
Provident Financial announced on Tuesday that the 17-for-24 rights issue of 104,998,904 new ordinary shares at 20 8/11 pence each, as announced on 27 February, closed for acceptances at 1100 BST on Monday.
Retailers rise and pubcos slide after mixed data from BRC, Barclaycard
There was mixed news for retailers, pubs and restaurants on Tuesday as encouraging high street research was published by the British Retail Consortium but spending data from Barclaycard painted a more gloomy picture.
Acacia sees expected decreases in first quarter production
Acacia Mining issued its production results for the first quarter of 2018 on Tuesday, reporting that group gold production for the quarter was in line with expectations at 120,981 ounces, a 55% decrease on the first quarter of 2017, which the board said was primarily driven by the move to reduced operations at Bulyanhulu and to stockpile processing at Buzwagi.
Hydrogen Group swings statutory loss after acquisition of Argyll Scott
Specialist recruitment company Hydrogen Group announced its final results for the year ended 31 December on Tuesday, with group revenue rising to £125. 9m from £116. 2m in the prior year.
CFO makes sudden resignation from MySQUAR
Myanmar-language social media, entertainment and payments platform MySQUAR announced on Tuesday that Pham Dang Hung has stepped down from his role as chief financial officer of the company and as an executive director from the board of directors with immediate effect, to pursue other interests.
Faroe's Fenja field gets ministerial approval in Norway
Independent oil and gas company Faroe Petroleum announced on Tuesday that the Norwegian Minister of Petroleum and Energy has approved the plan for the development and operation of the Fenja field.
UK planning junk food ad ban for TV and social media
UK ministers are looking into banning junk food advertisements on social media and television in a plan to fight youth obesity.
Hurricane swings to loss as it moves towards production at Lancaster
UK-based oil and gas company Hurricane Energy announced its final audited results for the year ended 31 December on Tuesday, describing the period as a “transformative year”, which took the Lancaster Early Production System (EPS) into a project execution phase, targeting first oil in the first half of 2019.
CyanConnode highlights progress as it works to narrow cost base
Narrowband radio mesh networks specialist CyanConnode updated the market on its trading for the first calendar quarter of 2018 on Tuesday, reporting that since the start of the year, it had seen increasing momentum and demand for its products across multiple jurisdictions.
AFH completes sixth acquisition of year in Mark Hughes & Assocoates
Financial planning-led wealth management firm AFH Financial Group confirmed the completion of the acquisition of Mark Hughes & Associates based in Hertfordshire on Tuesday.
Eddie Stobart posts solid growth for 2017 financial year
Eddie Stobart posted its full year results for the year ended 30 November on Tuesday, which fell in line with expectations with strong underlying revenue growth.
Motif Bio losses widen as admin expenses rise
Clinical-stage biopharmaceutical company Motif Bio released its financial results for the year ended 31 December on Tuesday, reporting a net loss of $44. 8m, or 19 US cents per share on a basic and diluted basis.
British Gas to hike energy bills by 5.5%
British Gas will bump up prices for customers on its standard variable tariff by 5. 5% from next month.