News And Announcements
Tesco Bank suffers glitch, leaves 5.6m customers unable to access accounts
Tesco Bank’s 5. 6m account holders were unable to access the online service starting from 10:30 BST on Tuesday, due to a technical glitch.
Capita scores £56m TfL contract extension to manage LEZ
Business process management and outsourcing solutions provider Capita announced on Tuesday that it has agreed a £56m contract expansion with Transport for London.
Sky clear for Fox or Comcast takeover battle as Culture Sec gives nod
Sky's potential takeover by Comcast or 21st Century Fox was cleared by the Department for Digital, Culture, Media and Sport on Tuesday.
Government makes £3.4bn loss from selling RBS shares
The government lost around £3. 4bn from selling a £2. 5bn of its stake in Royal Bank of Scotland to institutional investors this week, according to one analysis.
Fulcrum raises dividend after solid performance
Utility infrastructure and services provider Fulcrum issued its audited preliminary results for the year ended 31 March on Tuesday, reporting strong organic growth, enhanced by the successful acquisitions of Dunamis and CDS.
Johnston Press notes tough trading but leaves expectations unchanged
News publisher Johnston Press updated the market on its trading for the year to 31 May, reporting that trading so far this year had seen group revenues down 9%, although it did note a a continuing strong performance from the i newspaper.
AO World losses not as bad as feared
White goods e-retailer AO World reported annual losses that were not as bad as had been feared and management said the new financial year has “started well" in both the UK and Europe, but caution remains given the unsure economic outlook and competitive pressures.
Altona Energy signs MoU with GCAT Energy Group
Altona Energy announced the signing of a non-binding memorandum of understanding (MoU) with GCAT Energy Group on Tuesday, which owns the licence to use a patented pyrolysis technology which it intended to use to develop a waste recycling project in Spain.
Quiz announces maiden dividend after year of growth
Online-focussed fast fashion brand Quiz announced its preliminary results for the year ended 31 March on Tuesday, reporting that group revenue increased 30% year-on-year, driven by strong growth across all channels.
Acquisitions and investments drive growth at Vp
Equipment rental specialist Vp issued its final results for the year ended 31 March on Tuesday, reporting a 16% increase in profit before tax, amortisation and exceptional items to a record level of £40. 6m.
OPG Power Ventures pleased with full-year operational performance
India-focussed power generation plants developer OPG Power Ventures updated the market on its trading for the full-year ended 31 March on Tuesday, reporting a total of 1. 1 billion units in its fourth quarter, an improvement of 15% year-on-year.
US market drives growth at Gama Aviation
Business aviation services provider Gama Aviation updated the market on its trading since 1 January on Tuesday, reporting that trading across both its air and ground divisions had been “broadly satisfactory” although flat compared with last year, as its shareholders gathered for its annual general meeting.
Vendman acquisition pushes Vianet results higher
Data and business insight technology company Vianet Group issued its final results for the year ended 31 March on Tuesday, reporting revenue of £14. 56m, up from £14. 26m year-on-year.
AstraZeneca's Lynparza improves survival in advanced prostate cancer
AstraZeneca's cancer treatment Lynparza has improved progression-free survival in advanced prostate cancer, but not overall survival, clinical trial data has shown.
Interserve sells Haymarket site for £49m
FTSE 250-listed construction firm Interserve has agreed to offload its Haymarket site in Edinburgh to M&G Real Estate for a total of £49. 1m.
St. Modwen pleased with strategic progress as it sells down retail assets
St. Modwen issued an update on its trading to 31 May on Tuesday, reporting that over the past six months it continued to focus on delivering against its four strategic objectives of portfolio focus and capital discipline, accelerating its commercial development activity, grow its residential and housebuilding business, and cement and grow its regeneration reputation.
Stobart Group confirms Philip Day nominated for director vote
The boardroom battle at Stobart Group continued on Tuesday as the Southend Airport owner confirmed that its deposed former chief executive Andrew Tinkler and fund manager Neil Woodford have proposed retail guru Philip Day as a new director.
RHI Magnesita CFO to leave at end of 2018
RHI Magnesita chief financial officer Octavio Pereira Lopes said he planned to leave the company by the end of 2018 and return to Brazil with his family to pursue other career opportunities, the company announced on Tuesday.