News And Announcements
IAG expands low-cost Level airline to Austria
British Airways and Iberia parent International Consolidated Airlines Group has announced plans to launch a new Austrian subsidiary, branded as the company's low-cost Level carrier, with flights from Vienna.
World Cup and warm weather revive Greene King sales
The World Cup and the arrival of summer weather have helped revive sales at Greene King after squeezed household budgets and rising costs drove profit down in the brewer and pub operator’s last financial year.
Petrofac sells Chergui gas field stake to Perenco
Petrofac has agreed to sell its stake in Tunisia's Chergui gas field to Perenco as the UK energy company disposes of peripheral assets to conserve capital.
Wood Group needs strong second half to hit targets
Oil and gas industry services provider Wood Group said it was confident of a pick-up in the second-half order to help it meet full year earnings targets, helped by later arrival of synergies from the acquisition of Amec Foster Wheeler.
Rentokil's Cannon Hygiene deal referred for in-depth investigation
The Competition and Markets Authority has referred Rentokil Initial's proposed acquisition of Cannon Hygiene for an in-depth investigation after the companies failed to address its competition concerns.
SSE compensates customers £665,000 following termination of Ebico partnership
Scottish energy giant SSE has paid £190,000 in compensation to customers following the termination of its 'white label' partnership tariff with Ebico.
BCA reports healthy trading after third record year
BCA Marketplace said it was trading well as the car auction house and owner of WeBuyAnyCar. com reported a strong rise in annual profit.
McCarthy & Stone COO John Tonkiss to be interim chief exec
Retirement housebuilder McCarthy & Stone said on Thursday that it is conducting a formal search process to appoint a replacement chief executive officer following its announcement earlier this month that Clive Fenton is retiring at the end of August.
Tullow Oil production on track as it prepares for frontier drilling campaign
Tullow Oil updated the market on its trading guidance for the half year to 30 June on Thursday, reporting that its West Africa first half 2018 oil production was expected to average 87,400 barrels of oil per day (bopd), in line with expectations.
JD Sports remains confident of growth prospects
Retailer JD Sports Fashion said it continues to be on track to deliver a full year in line with consensus market expectations, having opened a net 36 shops in its new financial year.
Stagecoach takes £85.6m hit from East Coast franchise
Transport operator Stagecoach posted a drop in full-year profit on Thursday as it took a hit from the loss of the East Coast rail contract.
Takeda shareholder group fails first attempt to block Shire deal
A group of Takeda Pharmaceutical shareholders has failed in its bid to try to block Japanese company's $62bn takeover of London-listed Shire.