News And Announcements
Inmarsat rockets after rejecting takeover approach from Echostar
Inmarsat confirmed after market close on Friday that it has received and rejected a "highly preliminary" and takeover proposal from US satellite giant Echostar Corporation.
Redcentric downgrades 2019 expectations
IT service management company Redcentric downgraded its expectations for 2019 on Friday, citing the loss of some public sector hosting business, recent sales softness and the upfront costs of the Yorkshire and Humber public sector network programme.
Tern 'understands' Device Authority is in talks with Thales
AIM-listed Tern said on Friday that it understands that Device Authority, the Internet of Things security business in which it has a 56. 8% stake, is in discussions with Thales Group regarding a new product solution.
Standard Chartered compliance chief resigns following probe
Standard Chartered bank's compliance chief Neil Barry is set to leave the firm with immediate effect following an internal investigation into his behaviour.
Fuller's tops up dividend as growth plans accelerate
Results from London Pride brewer Fuller Smith & Turner reveal that the capital's denizens continued to eating out and drinking out whatever the weather, though growth was not as strong as a year ago.
UK Oil & Gas confirms it is considering raising funds
UK Oil & Gas responded to media speculation on Friday, confirming that is it considering raising funds.
Autolus pricing for Nasdaq IPO reveals gains for Syncona, Woodford, Arix
Autolus Therapeutics has confirmed the pricing for its initial public offer on the Nasdaq index of the New York Stock Exchange, providing a monetary boost for shareholders including Syncona, the Woodford Patient Capital fund and Arix Bioscience.
AorTech raises £0.5m in oversubscribed open offer
Biomaterials and medical device intellectual property company AorTech International released the results of its open offer on Friday, after the offer closed for applications at 1100 BST on Thursday.
Alpha Pyrenees prepares to sell last property and wind-up
Alpha Pyrenees Trust updated the market on its trading for the quarter ended 31 March on Friday, reporting that at period end, it owned one property in France at Saint Cyr L'Ecole, of around 6,340 square metres of commercial real estate.
Hargreaves Services sees FY in line, says trading 'satisfactory'
AIM-listed Hargreaves Services said on Friday that trading has been "satisfactory", with results for the year seen in line with its expectations.
Oaktree guns for Ranger Direct Leasing Fund board in open letter
Oaktree Capital Management, a 19% shareholder of Ranger Direct Lending Fund, released another open letter to Ranger shareholders on Friday, saying the board’s latest response to its open letter on 6 June raised “a number of troubling questions”, which it urged the board to answer without delay.
Deutsche Bank chairman suggests merger with Commerzbank - report
Deutsche Bank chairman Paul Achleitner has reportedly spoken to shareholders this week about a potential merger with Commerzbank.
IWG still in talks with Starwood and TDR, offer deadline extended
Office space provider IWG is still in talks with private equity groups Starwood Capital and TDR Capital and has extended the deadline for them to make an offer or walk away.
Glencore faces new Congo legal challenge
Congolese-American businessman and convicted fraudster Charles Brown has resurrected a lawsuit against mining giant Glencore, claiming he was owed $1bn in compensation for a 19% stake he previously held in Mutanda Mining, the world's biggest cobalt miner.
Berenberg upgrades Auto Trader as risks better understood
Risks appear better understood and expectations for Auto Trader are more reasonable, Berenberg said on Friday as it upped the stock to ‘hold’ from ‘sell’ and lifted the price target to 365p from 350p.
Synthomer included in EU styrene monomer purchasing probe
Specialist chemicals maker Synthomer said it had been included in a European Commission anti-trust probe into practices relating to the purchase of styrene monomer in the European Economic Area.
BT boss Patterson axed after shareholder pressure
BT Group chief executive Gavin Patterson will step down later this year after the telecoms giant's board wielded the axe after pressure from major shareholders.
Paddy Power Betfair agrees sports betting deals with US racetracks
Bookmaker Paddy Power Betfair's US wing has reached long-term agreements to provide retail and online sports betting to New Jersey's Meadowlands Racetrack and Tioga Downs in New York pending legislative and regulatory authorization.
Games Workshop ends year on a high, declares dividend
Games Workshop updated the market on the end of its trading year on Friday, reporting that its sales and profit growth, as discussed in its update on 4 May, had continued to the end of the financial year.
Takeda secures $7.5bn bank loans to help fund Shire deal
Japan's Takeda Pharmaceutical has secured the largest ever syndicated bank loan in Asia to help pay for the cash portion of its $46bn acquisition of FTSE 100-listed Shire.