News And Announcements
Government refers Trinity Mirror's Express deal to regulators
The government has directed regulators to examine whether Trinity Mirror’s £126m purchase of the Express and Star newspapers is in the public interest.
Sainsbury's losing more ground to rivals, data shows
Sainsbury's continues to lose ground to its supermarket rivals, fresh data showed on Tuesday, painting a stark picture of why the merger with Asda has been proposed.
Boeing to buy aerospace parts maker KLX for $4.25bn
Boeing has agreed to buy aerospace parts maker KLX Inc for $4. 25bn including debt.
BP first-quarter profit beats forecasts as production and oil price rise
BP posted a forecast-busting surge in profit for the first three months of 2018 after the oil company’s upstream business had its strongest quarter for more than three years.
Barclays bosses tell AGM turnaround is complete
Barclays bosses told shareholders the bank’s turnaround was complete and that they could look forward to payouts of capital including potential share buybacks.
Nighthawk Energy files for Chapter 11
US-focussed oil development and production company Nighthawk Energy has filed for protection under Chapter 11 of the United States Bankruptcy Code, it announced on Tuesday.
Greencoat Renewables shares up on acquisition of Dromadda More wind farm
Irish renewable infrastructure company Greencoat Renewables watched its shares rise on Tuesday morning, as it completed of the acquisition of Dromadda More wind farm following the formal commissioning of the asset.
Chemring CEO Michael Flowers to retire
Michael Flowers will retire as chief executive of Chemring at the end of June after four years in the role, the defence company said on Tuesday.
Georgian Mining rises on appointment of technical services manager
Georgian Mining Corporation shares were marginally higher on Tuesday morning, as the board appointed Simon Cleghorn as its technical services manager.
Premier African Minerals sinks on acceptance of Casa offer
Shares in Premier African Minerals were sinking on Tuesday morning, after the company accepted the general offer made by Arc Minerals to all Casa Mining shareholders, converting its entire interest in Casa into new Arc Minerals shares.
Bloomsbury shares up on IBT academic publishing acquisition
Bloomsbury Publishing shares were in the green on Tuesday morning, after it completed the acquisition of the entire issued share capital of London-based academic publisher IBT Tauris & Co.
St Ives sells book production business Clays to Italy's Elcograf
Marketing services group St Ives has sold its legacy book production and distribution business, Clays, to Italian printing company Elcograf for £20m.
WPP takes full ownership of Dentsu joint venture agencies in Asia
WPP has acquired full ownership of Y&R and Wunderman joint venture agency assets across south east Asia and Taiwan, it announced on Tuesday, as well as Dentsu Sudler & Hennessey in Japan, following a share swap transaction with Dentsu Inc.
Safestyle appoints Michael Gallacher as new CEO
Hot on the heels of yet another profit warning last week, double glazing group Safestyle announced on Tuesday that Michael Gallacher will replace Steve Birmingham as its new chief executive officer.
National Crime Agency launches probe into HBOS fraud allegations
The National Crime Agency is carrying out a review of allegations of fraud at HBOS in a move that could lead to a full criminal investigation.
ZPG to sell Hometrack Australia for AUD130m
PrimeLocation and Zoopla owner ZPG has agreed to sell Hometrack Australia to REA Group for AUD130m (£71m) in cash.
INPP transfers most Carillion FM contracts to new providers
International Public Partnerships will incur a cost of no more than £1. 5m from the collapse of Carillion and said there was "no impact" on the public availability at the 24 public sector facilities affected.
Cryptocurrency trading boosts Plus500 revenues, earnings
Contracts-for-difference trading service provider Plus500 surged on Tuesday as it reported a 284% jump in revenue for the first quarter on the back of market volatility and high levels of interest in its cryptocurrency derivatives offering.
Jardine Lloyd Thompson makes 'good start' to year
Insurance, reinsurance and employee benefits company Jardine Lloyd Thompson Group updated the market on its trading for the period from 1 January to 30 April on Tuesday, saying it made a “good start” to the year, set against the current insurance rating environment.
Nigel Clerkin joins UDG Healthcare as CFO
UDG Healthcare confirmed on Tuesday that Nigel Clerkin had now joined the company as its chief financial officer.