News And Announcements
Harley-Davidson to move production overseas to avoid EU tariffs
US motorcycle firm Harley-Davidson is planning on shifting production overseas to avoid the recently implemented EU tariffs on its motorbikes.
Uber's gets unexpected boost in court battle over London licence ban
Uber’s appeal to renew its licence in the city of London started on Monday and got an unexpected boost from Transport for London, the regulator that had banned the firm from operating in the first place.
Carnival plots course for slower growth due to fuel and currency headwind
Cruise operator Carnival warned that strong growth in the second-quarter was not likely to continue into the third.
BT Group retains full-year 2018/19 outlook after change to IFRS 15
BT Group reiterated its view on the impact that its changeover to the so-called IFRS 15 accounting principle for revenue and cost recognition would have on its results beginning with the 2018/19 fiscal year and is outlook for the coming year.
General Electric to sell distributed power business to Advent for $3.25bn
General Electric has agreed to sell its Distributed Power business to private equity firm Advent International for $3. 25bn as it looks to simplify its structure.
Inmarsat rallies as Eutelsat says it's evaluating possible offer
Satellite operator Inmarsat rallied on Monday as France's Eutelsat confirmed it is currently evaluating a possible offer for the company.
Forbidden Tech expands partnership with TownNews network
Cloud video platform technology company Forbidden Technologies announced on Monday that TownNews. com has “significantly expanded” its partnership with Forbidden’s Blackbird technology in the US market.
Soco International sells Congo interests to Coastal Energy
Soco International has sold its Congo operations for up to $10m in cash to Coastal Energy.
Jason Elliott to take CEO reins at LightwaveRF next month
Smart homes solutions provider LightwaveRF confirmed on Monday that Jason Elliott would be taking up his new role as chief executive officer on 2 July.
Highlands Natural Resources acquires Arizona carbon dioxide prospect leases
Highlands Natural Resources has made application to acquire leases over 46,000 acres of land in Apache County, Arizona, it announced on Monday, which it believed to be prospective for commercial volumes of carbon dioxide.
Leaf Clean Energy to return £19.5m to shareholders
Leaf Clean Energy announced on Monday that it would return around £19. 5m to shareholders, equivalent to 16. 5p per share, by way of a compulsory redemption of a proportion of all shareholders' holdings of shares.
Verseon maintains losses as it seeks to monetise platform
Technology-based pharmaceutical company Verseon announced its final results for the year ended 31 December on Monday, reporting total assets of $54. 2m at year-end, compared to $69. 6m a year earlier.
Former RBS executive to succeed Iain Mackay as HSBC finance director
HSBC said on Monday that finance director Iain Mackay plans to retire and will be succeeded by industry veteran Ewen Stevenson, who was previously chief financial officer at RBS.
Petards secures contract extension with Network Rail worth £1.3m
AIM-listed software company Petards has been awarded a multi-year contract renewal for the provision of software licences, maintenance and support services to Network Rail.
Countrywide plans equity raising to cut debt, downgrades H1 earnings guidance again
Shares in estate agent Countrywide tumbled on Monday after it cut its adjusted earnings guidance for the first half again and announced an equity raising to reduce debt.
CMA refers Ebiquity-Nielsen deal for in-depth investigation
The Competition and Markets Authority said on Monday that it will refer media and marketing consultancy Ebiquity's proposed sale of its advertising intelligence division to Nielsen for an in-depth investigation.
Tissue Regenix gets tissue import licence, inks deal with Pennine
Regenerative medical devices company Tissue Regenix Group has been granted a Human Tissue Authority (HTA) license to import and distribute its portfolio of human tissue derived products from the US for use in the UK market, it announced on Monday.
Versarien joing new Graphene Engineering Institute Centre in Manchester
Advanced materials engineering group Versarien has joined the newly-established Graphene Engineering Innovation Centre (GEIC) at the University of Manchester, it announced on Monday, as a tier one member organisation.
Inland Homes sells land to Crest Nicholson for £4.3m
AIM-listed brownfield land developer and housebuilder Inland Homes has sold phase two of its prime waterside Sherborne Wharf project in Birmingham to Crest Nicholson for £4. 3m.
Asiamet increasing effective interest in Beutong copper-gold project
Asiamet announced on Monday that negotiations to simplify the exercise of its option agreement with PT Media Mining Resources, covering the Beutong copper-gold project, had been completed.