News And Announcements
Vodafone acquires 5G spectrum in Spain as competition bites
As it battles increased competition in Spain, Vodafone's local operation has snapped up a €198. 1m band of mobile spectrum for 5G data services as the Spanish Economic Ministry’s auction was concluded on Wednesday.
Merlin theme parks to half-price tickets in Coke plastic recycling offer
UK theme parks such as Legoland and Thorpe Park owned by Merlin Entertainment have joined Coca-Cola in a recycling project that will offer tourists a half-price ticket to the park in exchange for used plastic bottles.
Randgold on track for better output from Congo's Kibali
Randgold Resources revealed that production at its Kibali mine in the Democratic Republic of Congo has risen more than expected on the back of the optimisation of its automated underground operation.
Marston's serves up decent third-quarter result
Marston's reported improved trading in the third quarter thanks to hot weather and World Cup football, but directors did not upgrade their guidance for the full year.
Ryanair could axe 300 jobs in Dublin fleet cuts
Low-cost airline Ryanair announced on Wednesday it plans on cutting its Dublin based fleet by 20% to 24 aircraft for the winter 2018 season and could axe 300 jobs in the process.
FCA bans Secure My Money directors from working in financial services
The UK's financial watchdog has fined and banned four former directors of Secure My Money after finding they had taken more than £7. 2m from around 124,000 online customers by duping them into believing they had been approved for short-term loans.
Vodafone gets off to slow start but board pleased with performance
Vodafone reported a 4. 9% fall in first quarter revenue to €10. 9bn on Wednesday, which it said reflected the impact of UK handset financing, European regulation and currency headwinds.
US new home sales drop to eight-month low in June
Sales of new US single-family homes fell to an eight-month low in June, according to figures released by the Commerce Department on Wednesday.
Indivior first half marred by ongoing Dr Reddy's litigation
Drug developer Indivior reported a 13% fall in first-half profits to $147m after losing market share for its main product and just $2m of sales from its newly launched Sublocade treatment.
Former Fiat Chrysler CEO Sergio Marchionne dies aged 66
The former chief executive of Fiat Chrysler, Sergio Marchionne - credited with turning around the company's fortunes when he took on the job in 2004 - has died at the age of 66.
Earthport losses widen in 'challenging' year
Cross-border payment network Earthport issued an unaudited trading update for the fiscal year ended 30 June on Wednesday, reporting a 5. 3% improvement in revenue to £31. 9m.
WANdisco files for patent on blockchain technology solution
Live data specialist WANdisco announced a new patent filing to protect the use of its ‘Distributed Coordination Engine’ (DConE) - a patented Paxos-based consensus technology - to resolve issues associated with public blockchain technology on Wednesday.
Wynnstay Properties buys Petersfield property for £3.8m
Wynnstay Properties has exchanged contracts for the acquisition of a freehold multi-let trade counter estate comprising units 10-15 at Petersfield Business Park in Petersfield, it announced on Wednesday, from Friars House Investments for £3. 83m.
Evgen concludes patient recruitment in STEM breast cancer trial
Clinical-stage drug development company Evgen Pharma has concluded patient recruitment in its STEM Phase IIa trial of SFX-01 in metastatic breast cancer, it announced on Wednesday.
Tern's InVMA swallows up AMIHO Technology
Technology investor Tern said on Wednesday that its investee company InVMA, in which it has a 50% holding, has acquired the intellectual property and other assets of Cambridge-based AMIHO Technology.
APC Technology raises £2.5m as it gobbles up Aspen Electronics
Specialist electronic components and systems services company APC Technology Group announced the acquisition of Aspen Electronics and a placing and subscription of 37,563,591 new ordinary shares at 6. 75p each, to raise around £2. 54m before expenses, on Wednesday.
Deutsche Bank slashes jobs as second-quarter profit falls
Deutsche Bank said it was on track to cut more than 7,000 jobs by 2020 as profit fell in line with expectations in the second quarter.
3i reports NAV of 760p
3i reported net asset value for the first financial quarter was 760p, up from 724p in the year to March 2018.
Stobart Group appoints search firm to help rebuild board
Stobart Group has appointed Russell Reynolds Associates, a leading independent search firm, to assist in beefing up the infrastructure firm’s board.
Santander improves in UK in second quarter, Spain and capital disappoint
Banco Santander started off the bank results season in Spain and reported profits of €3. 7bn in the first half of the year, 4% more than in the same period in 2017.