News And Announcements
Elliott bumps up Sky stake to 3.3%
Activist investor Elliott Management Corp has upped its stake in broadcaster Sky to 3. 3%, just days after taking a 3. 1% stake in the company as it became the subject of a possible bidding war between 21st Century Fox and Comcast.
Market buzz: Challenger banks rise, analysts quarrel over BoE rate hike
1527: With the poor outturn for the UK first-quarter GDP on the back of Mark Carney’s recent comments, Oxford Economics has joined along with those saying they no longer expect the BoE to hike interest rates next week.
Sainsbury's agrees Asda merger for 42% Walmart stake
Sainsbury's, the UK's second largest supermarket group, has agreed terms with Walmart over a merger with its third-placed UK supermarket chain Asda to create a £15bn market cap, £51bn-revenue business.
TP Group awarded two contracts of scale with MoD
Specialist services and engineering company TP Group has been awarded two contracts by the Ministry of Defence through its Enterprise Technical Alliance initiative, it announced on Monday.
HML Holdings expecting to report in line with market expectations
Property management, insurance and ancillary services provider HML Holdings announced on Monday that it anticipated being able to report trading in line with market expectations for the 12 month period ended 31 March.
Venture Life expands UltraDEX in France, Superdrug
Consumer self-care group Venture Life updated the market on its UltraDEX brand on Monday, having extended its agreement with key French distributor La Brosse et Dupont to include the UltraDEX Sensitive toothpaste.
IronRidge begins drilling at Ewoyaa in Ghana
IronRidge Resources announced the start of drilling at its Ewoyaa lithium pegmatite project in Ghana, West Africa on Monday.
Phoenix Global renegotiates Argentina acreage, wins new area
Phoenix Global Resources announced the renegotiation of its Mata Mora and Corralera block interests on Monday, in accordance with the memorandum of understanding mentioned in its readmission document published on 24 July last year.
Marriott Vacations to buy ILG for $4.7bn
Marriott Vacations Worldwide has agreed to buy timeshare operator ILG for around $4. 7bn in a cash and stock deal.
Conroy Gold announces new discovery at Clontibret
Conroy Gold and Natural Resources reported the discovery of a further extensive gold zone from the ongoing drilling programme on its 100% owned Clontibret gold deposit on Monday, where a previous gold zone was discovered 30 metres below an historic antimony mine as announced on 26 February.
TSB execs to face grilling from Treasury select committee
Parliament's influential Treasury select committee will on Wednesday grill executives of TSB after a bungled technology upgrade left thousands of customers unable to access their accounts.
Chaarat upbeat on feasibility study results at Tulkubash
Gold exploration and development company Chaarat announced the results of the JORC-compliant feasibility study for its 100% owned Tulkubash Oxide Gold Project on Monday, which was based on mining a 16. 0 million tonne reserve at an average grade of 0. 91 g/t gold over an initial 3. 75 year mine life.
Hg sells German audio brand Teufel to Naxicap Partners
Hg announced the sale of European direct-to-consumer online audio solutions brand Teufel to French private equity firm Naxicap Partners on Monday.
Premier Oil to offload Babbage Area interest to Verus Petroleum
Premier Oil has entered into a sale-and-purchase agreement to sell its interests in the Babbage Area to Verus Petroleum, it announced on Monday.
Telit swings to losses after tumultuous year for management
Internet of things-focussed company Telit Communications published its results for the year ended 31 December on Monday, reporting that revenues rose slightly to $374. 5m from $370. 3m.
Wynnstay to buy Countrywide Farmers stores
AIM-listed agricultural supplies group Wynnstay has agreed with administrators to buy the business and assets of eight stores from Countrywide Farmers' network of outlets for an initial cash consideration of £0. 8m.
Harwood Wealth buys Berkshire-based Fund Management for £1.13m
AIM-listed Harwood Wealth Management has bought Berkshire-based independent financial advisory firm Fund Management Limited (FM), jointly owned by Iain and Diana Head, for £1. 13m.
Sorrell-free WPP takes 'fresh look' after tough first quarter
WPP left its guidance for 2018 unchanged amid a “fresh look” at strategy and potential for growth, after a first quarter that saw the departure of longstanding boss Martin Sorrell in controversial circumstances.
Carpetright staves off administration, expects 2018 loss of up to £9m
Beleaguered retailer Carpetright staved off administration on Monday after the majority of its shareholders approved its proposed company voluntary arrangement, but the company warned that trading conditions remain "difficult" and it expects to report a full-year loss of up to £9m.
Draper Esprit sells Tails.com to Nestle's Purina Petcare
AIM-listed venture capital firm Draper Esprit has sold its portfolio company, Tails. com to Purina Petcare - a subsidiary of Nestle - for an undisclosed sum.