News And Announcements
Government to sell 7.7% RBS stake
The UK government confirmed that it has begun the process to sell a near-£2. 6bn chunk of its stake in Royal Bank of Scotland.
Virgin Money seems sold on deal as CYBG sweetens offer
CYBG, the owner of Clydesdale and Yorkshire Bank, has upped the price of its proposed takeover approach for rival Virgin Money, which has agreed to push back the bid deadline as talks progress.
Venture Life expands markets for UltraDEX and Myco Clear
Consumer self-care company Venture Life updated the market on its UltraDEX and Myco Clear brands on Monday, confirming the launch of UltraDEX at Lloyds Pharmacy in the UK from 18 June.
Egdon and partners buy out Celtique Energie at Wressle
Egdon Resources announced the acquisition of an additional 5% interest in PEDL180 and PEDL182, which contain the Egdon-operated Wressle oil discovery and Broughton North Prospect, from Celtique Energie Petroleum on Monday.
Chariot secures ocean rig Poseidon to drill one firm and one optional well
Chariot Oil & Gas has secured the ocean rig Poseidon, a sixth-generation deepwater drillship, to drill one firm and one optional well, it announced on Monday.
LandSec-Sainsbury's JV sells Birmingham retail park development
A joint venture between Land Securities and Sainsbury's sold Selly Oak Shopping Park in Birmingham for £94m to an investment buyer.
Bayer to axe Monsanto brand after $63bn deal
Bayer said it would axe the Monsanto name after the $63bn acquisition of the US agri-food company.
UniCredit in talks to merge with Société Générale
The boss of UniCredit, Italy's biggest bank, is working on the idea of merging with France's Société Générale, according to the Financial Times.
Tungsten sees record revenue year as new clients signed
E-invoicing specialist Tungsten Corp said it expected annual revenue to rise to a record £33. 7m, although growth was behind guidance due mainly to longer sales cycles than expected in the second half of 2018.
IATA predicts ninth consecutive year of solid financial returns for airlines
The International Air Transport Association (IATA) cut its forecast for airlines' profits on the back of rising labour and interest rate costs, but predicted a ninth consecutive year of solid financial returns for the industry.
House of Fraser denies CVA talks in trouble
Struggling UK retailer House of Fraser on Monday has denied reports it was close to collapse as it sought to finalise a rescue deal.
Costain awarded M6 smart motorway project
Infrastructure solutions company Costain announced the award of the M6 J21a-26 smart motorway contract by Highways England on Monday.
Seeing Machines secures another big automotive programme
Computer vision technology firm Seeing Machines has secured a programme design win, it announced on Monday, working with a major Tier 1 partner with a global US-headquartered automotive original equipment manufacturer (OEM).
Lekoil swings to profit as it ramps up production
Africa-focussed oil and gas exploration and production company Lekoil announced its final audited results for the year ended 31 December on Monday, reporting revenues of $30. 8m, up from nil in 2016.
Reabold pleased with Corallian's latest report from Oulton
Reabold issued an update to the market on Monday, reporting that Schlumberger Oilfield UK has completed a competent person's report for Corallian Energy relating to Corallian's 100%-owned Oulton appraisal project in the UK North Sea.
Cora Gold pleased with latest assay results at Sanankoro
West Africa-focussed gold exploration company Cora Gold issued further assay results from its Sanankoro Gold Discovery in southern Mali on Monday, reporting broad zones of shallow gold mineralisation in the weathered zone.
Henriette Nielsen to lead 'transformation' at Hikma
Hikma Pharmaceuticals announced the appointment of Henriette Nielsen to the newly-created role of chief transformation officer on Monday.
Rolls-Royce sale of L'Orange goes through after German regulator approval
Rolls-Royce confirmed on Monday that completion of the sale of its fuel injector business, L'Orange, to Colorado-based Woodward took place on 1 June.
Wizz Air passenger numbers ascend further as route network expands
Wizz Air issued its passenger statistics for May on Monday, seeing another rise in both capacity and passenger numbers, with capacity ahead 17. 1% at 3,086,626 when compared to the same month last year.