News And Announcements
Netflix faces lawsuit for 'rigging' top executives' bonuses
Netflix has been accused of "rigging the compensation process" and awarding large bonuses to top executives in a manner that allegedly violated federal US tax laws.
Sirius Minerals hopes to entice bondholders to convert
Sirius Minerals offered holders of its convertible bonds an incentive to convert their bonds into ordinary shares of the Yorkshire potash developer.
BAE invests £10m in Royal Navy facility
Defence company BAE Systems has launched a £10m investment programme in order to fund upgrades at its Hampshire- based Maritime Integration and Support Centre (MISC) - a specialist facility that provides support to Royal Navy warships when researching its future combat systems and technologies.
ULS launches conveyancing service with Stelios' easyGroup
Online conveyancing platform provider ULS Technology announced the launch of a new conveyancing service developed for easyConveyance, part of the easyGroup, on Thursday.
Micro Focus spikes as activist investor takes stake - report
Shares in software group Micro Focus International spiked on Thursday afternoon on reports that activist investor Elliott Investors had taken a stake.
Mirriad Advertising renews contract with Star India
Video technology company Mirriad Advertising has renewed its contract with Star India to provide in-video advertising in India for a further three years, it announced on Thursday.
Beowulf Mining begs patience of shareholders over Kallak approval
Mineral exploration and development company Beowulf Mining issued an update on Thursday morning, reporting that it has been in communication with the Government of Sweden, and understood that the government's review of submissions made by interested parties with regard to its application for an exploitation concession for Kallak North, was continuing.
IAG buys stake in Norwegian as first move in takeover talks
British Airways owner IAG has acquired 4. 6% of Norwegian Air Shuttle and said it would use this position to initiate talks about a possible takeover bid.
Disney must offer to buy Sky if 21st Century deal goes through
Walt Disney will have to make a mandatory takeover offer for Sky within 28 days of the completion of its acquisition of 21st Century Fox's assets, if the rival Fox and Comcast bids fail, the UK Takeover Panel has ruled.
Steppe Cement sales up in first quarter
Steppe Cement updated the market on its first quarter on Thursday, reporting that it sold 197,179 tonnes of cement for KZT 2. 31bn, compared to 124,669 tonnes of cement for KZT 1. 53bn in the first quarter of 2017, representing an increase of 58% and 51% respectively.
FirstGroup rejects 'opportunistic' offer from Apollo Management
FirstGroup said late on Wednesday that it had received a "preliminary" and "highly conditional" indicative proposal from private equity firm Apollo Management, but that this was unanimously rejected.
BP and Petrobras form alliance to explore further joint ventures
BP and Brazil's Petróleo Brasileiro have formed an alliance to explore potential joint opportunities in "upstream, downstream, trading and across low-carbon initiatives", inside and outside the South American country.
African Battery extends auger programme at Kisinka
Exploration company African Battery Metals announced on Thursday that the auger programme on its Kisinka property in the Democratic Republic of the Congo has been extended to investigate some additional soil anomalies.
Good progress continues through year-end at Scapa Group
Scapa Group issued an unaudited year end update for the 12 months ended 31 March on Thursday, reporting that the good progress reported in its interim results had continued.
Chamberlin sees significant improvement in second half
Specialist castings and engineering group Chamberlin updated the market on its trading for the financial year ended 31 March on Thursday, reporting that it delivered a “significantly improved” second half performance as expected.
TomCo raises £0.6m as it continues to fund TurboShale
TomCo Energy announced on Thursday that it has raised £0. 6m gross by way of a placing of 20 million new ordinary shares at a price of 3p each.
IP Group's Enterprise Therapeutics to raise £29m
IP Group said on Thursday that its portfolio company, Enterprise Therapeutics, has announced a £29m fundraising.
Carpetright closes 92 stores to stave off administration
Flooring retailer Carpetright announced on Thursday that it plans to close at least 92 stores and raise approximately £60m to restructure the business and avoid going into administration.
Saga hits lowered targets but sees more challenges
Saga, the over-50s travel and insurance company, met its downgraded annual profit expectations but said the market remained "challenging" and that profits would fall remain under pressure in 2018.
Strategic Minerals pleased with latest magnetite ore sales
Producing mineral company Strategic Minerals updated the market on its magnetite ore sales at its Cobre magnetite operations in New Mexico on Thursday, for the three months to March.