News And Announcements
Bids value BHP's US shale assets at $9bn
Multinational mining, metals and petroleum firm BHP Billiton has received the first round of bids for its US shale portfolio, valuing the unit at between $7bn and $9bn, according to sources who spoke to Bloomberg.
IAG revenues increase as BA and Aer Lingus add new North American routes
British Airways parent company International Consolidated Airlines Group saw group traffic increase in May following its launch of the world's first and only non-stop flight between Tennessee and Europe.
Elecosoft appoints Mukul Mistry as corporate development director
Construction software specialist Elecosoft announced the appointment of Mukul Mistry as its corporate development director with immediate effect on Wednesday.
Bob Englert to lead NetScientific's Vortex Biosciences
Healthcare intellectual property commercialisation group NetScientific announced on Wednesday that its portfolio company Vortex Biosciences has appointed Bob Englert as its chief executive officer.
Zambeef operations do well in first half
Africa-focussed cold chain foods and retail business Zambeef issued its unaudited interim results for the six months ended 31 March on Wednesday, reporting revenue of $123. 85m, up from $118. 38m year-on-year.
Harvey Nash ahead of budget in first quarter
Technology recruitment and outsourcing group Harvey Nash updated the market on its trading on Wednesday, as it held its capital markets day event saying it remained “encouraged” by strong trading momentum at the beginning of the current financial year.
UK regulator to probe TSB online banking meltdown
TSB's online banking meltdown is being investigated by the Financial Conduct Authority, the regulator said on Wednesday as it revealed more than 10,000 customers had been defrauded.
Hg Capital offloads Intelliflo to Invesco
Hg Capital announced the sale of Intelliflo, a software-as-a-service (SaaS) business for UK financial advisors, to Atlanta-based global investment management company Invesco on Wednesday.
World Cup 2018: which companies will be the big winners?
As FIFA's month-long World Cup football extravaganza draws tantalisingly close, analysts have highlighted sectors that should score stronger profits, including airlines, sports retailers and bookmakers.
International Paper says Smurfit Kappa was 'not engaged' in takeover talks
International Paper Company confirmed on Wednesday that it would not make an offer for Smurfit Kappa Group, citing what it called a “lack of engagement” by Smurfit Kappa's board of directors and management.
RPC dividends not enough to dispel worries over plastic regulation, strategy
RPC Group disappointed investors despite a successful year turning plastic into cash and dividends, attempting to counter market worries about the crackdown on plastic waste by trumpeting its "unprecedented" opportunities for growth.
IP Group investment enters into $534m collaboration deal Genentech
Intellectual property-based business IP Group reported on Wednesday that Microbiotica, one of its many portfolio companies, has entered into $534m multi-year strategic collaboration deal with Roche Group subsidiary Genentech.
WH Smith makes strides after stronger third quarter
After enjoying stronger trading in the third quarter of its trading year retailer WH Smith felt confident its mix of high street, railway stations and airport locations will allow it to transcend the current economic uncertainty affecting many rivals.
Smurfit Kappa confident going it alone as International Paper drops bid
Smurfit Kappa Group responded to the announcement by International Paper Company that it no longer intended to make an offer for Smurfit Kappa on Wednesday morning, and that it was now bound by the restrictions under Rule 2. 8 of the Irish Takeover Rules.
Charter Court sells residual stake in Charter Mortgage Funding for £13.8m
Challenger bank Charter Court Financial Services on Wednesday said it was selling its residual interest in the Charter Mortgage Funding 2018-1 plc securitisation for £13. 8m.
Profits charge ahead at acquisition-hungry Workspace
Workspace Group issued its full-year results for the year ended 31 March on Wednesday, reporting profit before tax of £170. 4m - up from £88. 8m - with “significant” increases in both trading profit and property valuation.
Serco wins $900m extension to US healthcare vetting contract
Outsourcing firm Serco on Wednesday said it had won an extension to its US contract to process healthcare elgibility applications worth up to $900m (£670. 6m).
easyJet May passenger numbers up 3.7%
Budget airline easyJet said May passenger numbers rose 3. 7% year-on-year to 7. 5m.