News And Announcements
IAG traffic grows following launch of low-cost Austrian subsidiary
British Airways parent International Consolidated Airlines saw group traffic increase throughout June, helped in part by the launch of its new low-cost Austrian subsidiary.
AorTech granted Brazilian patent for breast enhancement gel
AorTech announced on Wednesday that the Brazilian Patent Office recently granted Patent Number PI 0711694-2, entitled ‘Biostable Gels’.
Churchill China says trading will be 'well ahead' of expectations
Performance ceramics manufacturer Churchill China updated the market on its trading for the six months ended 30 June on Wednesday, reporting that it continued to make “good progress” against its strategic objectives.
Staffline trading in line despite tight labour market
Recruitment and training provider Staffline updated the market on its trading for the six months ended 30 June on Wednesday, reporting that its recruitment division had continued to perform “strongly”, despite a tight labour market.
Koovs rallies as India's largest retail group subscribes for a stake
Shares in Koovs rallied on Wednesday after the Indian fast fashion retailer said that Future Lifestyle Fashions - which is part of India's biggest retail group, Future - has agreed to subscribe for a stake of up to 29. 9% in the company.
Compass FD Johnny Thomson to step down
Compass Group said on Wednesday that Johnny Thomson will step down from his role as finance director and leave the company by the end of December.
Retailers call for high street restructure, with sales tax to replace business rates
Retailers urged the government to urgently review business rates and set a sales tax on digital retail giants such as Amazon to save the UK's high streets.
McKay Securities reports positive momentum
McKay Securities said it had positive momentum in the first quarter as demand for its office and industrial property held up despite worries over Brexit.
TalkTalk ticks higher as hedge fund ups stake
Shares in TalkTalk climbed on the back of takeover speculation sparked as hedge fund Toscafund Asset Management upped its stake in the telecoms group following the slide in its share price.
Schroder REIT refinances two facilities
Schroder Real Estate Investment Trust has completed two refinancings in respect of its £129. 6m term loan with Canada Life and its £20. 5m revolving credit facility with the Royal Bank of Scotland, it announced on Wednesday.
Deputy CEO to take a sabbatical at U+I
Specialist regeneration developer and investor U+I announced board approval of a sabbatical on Wednesday, for its deputy chief executive Richard Upton, in line with company policy.
Ceres Power raises £20m via accelerated bookbuild
Ceres Power announced on Wednesday that its accelerated bookbuild had now closed, raising £20m before expenses by means of a conditional placing and subscription of 132,625,994 ordinary shares in aggregate, with an Issue Price of 15. 08p per share, representing about 13% of its current issued share capital.
Bonduelle finalises acquisition of Del Monte Canada from Conagra
Bonduelle announced on Wednesday that it has finalised the acquisition of the Del Monte processed fruit and vegetable business in Canada with North American food processing giant Conagra Brands.
New Assura chairman to take the reins at AGM next week
Assura confirmed the timeline for the handover of chairman responsibilities on Tuesday, reporting that Ed Smith would be appointed as non-executive chairman at the conclusion of the annual general meeting on 10 July.
Kingfisher completes £50m share repurchase
Kingfisher confirmed on Wednesday that its programme to purchase Kingfisher shares for cancellation, which it announced on 24 May, has now completed.
Vedanta said to be mulling merger with Anglo American unit
Anglo American racked up healthy gains on Wednesday following a report that Anil Agarwal, who owns 19. 35% of the company, is preparing a plan to merge Vedanta Resources and Anglo American's South African business via a share swap.
SIG underlying growth flat for first half, replaces auditor
Building products supplier SIG reported a slight improvement in UK sales in the second quarter but a slowing of growth in Europe, and said it had chosen a new auditor after previous years' accounts came under investigation.
OnTheMarket now listing 'over half the market' of residential properties
Less than five months after its initial public offering, property search portal OnTheMarket is displaying more than 550,000 UK residential property listings, which is more than half the total market.
Vodafone launches inclusivity programme for LGBT+ employees
Vodafone announced the launch of a multi-country programme to help attract and support LGBT+ talent on Wednesday, following research suggesting 58% of young LGBT+ people were not open about their sexual orientation or gender identity at work because they worried about facing discrimination from managers and colleagues.
Draper Esprit enters into strategic partnership with Earlybird
Draper Esprit has entered into a strategic partnership agreement with German venture capital firm Earlybird Digital West to share deal flow and resources to invest in high-growth technology companies across Europe.