News And Announcements
Standard Chartered approval for Frankfurt hub delayed
Standard Chartered announced on Monday that the approval to turn its Frankfurt branch into a European Union subsidiary that will conduct its European business post-Brexit has been delayed until autumn at the earliest.
Tyson Foods to buy Keystone Foods for $2.16bn
Tyson Foods has agreed to buy the Pennsylvania-based Keystone Foods business from Marfrig Global Foods for $2. 16bn.
Mulberry to take £3m hit from House of Fraser collapse
Mulberry, which operates 21 House of Fraser concessions, warned on Monday that the department store chain’s collapse into administration will dent profits by around £3m, while "challenging" trading conditions mean full-year profit will be "materially" reduced.
Higher volumes, jump in prices boost Kenmare Resources's bottom-line
Kenmare Resources delivered a double-digit increase in sales for the first half of its financial year, on the back of record shipments during the second quarter and plans to increase production.
Kromek secures two new contracts worth $1m
Radiation detection technology company Kromek has secured two contracts worth a total of $1m, with a new original equipment manufacturer customer and an existing bone mineral densitometry (BMD) customer, it announced on Monday.
Wolf Minerals confirms agreement conditions with lenders have been met
Specialty metals producer Wolf Minerals announced on Monday that, further to its updates on 30 July and 1 August, all of the conditions precedent to the standstill arrangements and amended and restated agreements with its existing senior lenders and Resource Capital Fund VI had been satisfied.
Crusader Resources updates on progress at Borborema
Crusader Resources updated the market on the bankable feasibility study (BFS) metallurgical test work at its Borborema Gold Project on Monday, as Orway Mineral Consultants (OMC) evaluated comminution flowsheet options.
Farfetch files for New York IPO
Online fashion retail platform Farfetch has announced plans to list on the New York Stock Exchange.
LiDCO announces further US success as revenues decline
Hemodynamic monitoring company LiDCO updated the market on its trading on Monday, announcing that it had further success in the US, contracting three additional customers to its recently-launched differentiated ‘high usage programme (HUP) business model.
PepsiCo to buy SodaStream for $3.2bn
Drinks giant PepsiCo has agreed to buy Israeli at-home carbonated drinks maker SodaStream for $3. 2bn.
KPMG fined £2.1m over Ted Baker audit
The Financial Reporting Council has slapped a £2. 1m fine on accounting giant KPMG for the way it handled its auditing of fashion retailer Ted Baker.
Tower Resources makes solid progress on Thali licence
Africa-focussed oil and gas company Tower Resources updated the market on its operations at the Thali licence in Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon, on Monday, confirming that it has completed its environmental and social impact assessment (ESIA).
Autins brings forward arrival of new CEO
Designer, manufacturer and supplier of acoustic and thermal automotive insulation products Autins Group confirmed further details around Gareth Kaminski-Cook’s arrival as the company’s new boss on Monday, bringing forward the previously-planned date.
Household energy bills expected to rise in 2019 despite price cap
Power bills in the UK are likely to rise by £60 next year despite the introduction of a price cap by the government, according to a new analysis.
Govt takes control of 'appalling' Birmingham prison from G4S
The government has taken control of the running of HMP Birmingham back from private contractor G4S after the prison was found to be in "an appalling state" and control was described as "tenuous".
Sainsbury and Asda merger could force sale of 300 stores
Sainsbury could be forced to sell around 300 stores all across the UK if its merger with Asda is approved by regulators, according to a new analysis.
NMC in rude health as Gulf operator moves further afield
NMC Health plumped its earnings 30% in the first half of the year as the Gulf private healthcare operator's margins accelerated faster than revenues, boosted by acquisitions of a cosmetic surgery business and a chronic care specialist.
Reabold upbeat on drilling at West Brentwood
Reabold Resources announced on Monday that Integrity Management Solutions, the contract operator of the company's California investments, has confirmed that the Venturini-Ginochio #3 well (VG-3) on the West Brentwood license was now drilling.
Roche lung cancer treatment gets marketing nod in China
Roche announced on Monday that the China National Drug Administration (CNDA) has granted marketing authorisation for ‘Alecensa’ (alectinib) as a monotherapy treatment for patients with anaplastic lymphoma kinase (ALK)-positive, advanced non-small cell lung cancer (NSCLC).
Augmentum Fintech pours £7m into three new investees
Financial technology venture capital investor Augmentum Fintech announced an aggregate of £7m of investment in three European fintech companies - Tide, Previse and DueDil - on Monday.