News And Announcements
Just Group pushes for common economic stress test for banks and insurers
Just Group noted a consultation paper published on Monday, CP 13/18 ‘Solvency II: equity release mortgages’, which it said aimed to develop the regulatory approach to the asset class beyond SS3/171.
Eve Sleep crashes as it warns on profit after sales fall short
Eve Sleep crashed on Monday after warning on profits as first-half sales fell short of its expectations and the company announced that chief executive officer Jas Bagniewski will be leaving the business with immediate effect by "mutual consent".
Playtech tumbles after profit warning
Playtech tumbled on Monday after the gambling software company issued a profit warning following a disappointing performance in Asia.
Vedanta founder swoops in with possible offer after protester deaths
Vedanta directors have indicated they would be prepared to recommend a possible £778m all-cash takeover offer from founder Anil Agarwal, which comes amid a share slump after several protestors were killed by police at protests against the expansion of the company's Tuticorin copper smelter in India.
LondonMetric sells two M&S stores, buys Durham development
LondonMetric Property has sold two M&S convenience stores for £10. 7m, reflecting a net initial yield of 4. 5%, and purchased a convenience development in Durham pre-let to Lidl for £13. 3m, reflecting a yield on cost of 5. 4%.
AstraZeneca upbeat on positive developments for Imfinzi and Lynparza
AstraZeneca and its global biologics research and development arm MedImmune announced on Monday that the Japanese Ministry of Health, Labour and Welfare has approved Imfinzi (durvalumab) as maintenance therapy after definitive chemoradiation therapy (CRT) in locally-advanced, unresectable non-small cell lung cancer (NSCLC).
Meggitt ups full-year revenue guidance, announces divisional restructure
Engineer Meggitt upped its revenue guidance for the year on Monday following a stronger-than-expected second quarter as it announced a divisional restructure.