News And Announcements
Philip Green urged to personally fund Arcadia pension deficit
Work and Pensions Committee chairman Frank Field has written to Philip Green urging the Arcadia chairman to personally support the group’s pension fund.
Urban Logistics confident in sector after solid results
Specialist logistics real estate investment trust reported a 12. 6% improvement in its EPRA net asset value per share to 137. 96p in its year-end results on Friday.
Lancashire Holdings' long-serving CFO to retire in 2020
Lancashire Holdings announced on Friday that its chief financial officer Elaine Whelan, who is also chief executive of the company's Bermudian subsidiary, Lancashire Insurance Company Limited, plans to retire during the course of 2020.
Westminster Group sees decent improvement in revenue
Managed services and technology-based security solutions provider Westminster Group reported a 24% improvement in revenue in its final results on Friday, to £6. 7m.
Faron appoints new CFO after some internal shuffling
Clinical-stage biopharmaceutical company Faron Pharmaceuticals updated the market on its board and management team on Friday, announcing that Yrjö Wichmann was leaving his current role as its chief financial officer to take up the new position of vice-president, financing and investor relations.
Gulf Marine completes search for new CFO
Gulf Marine Services has appointed Stephen Kersley as chief financial officer, ending the company's search for a new finance chief.
Fevertree backs FY guidance despite tough comparatives
Premium mixers maker Fevertree backed its full-year expectations on Friday despite tough comparatives.
Hargreaves Services agrees sale of 10.75 acres at Blindwells
Industrial and property service provider Hargreaves Services has exchanged conditional contracts with Bellway Homes for the sale of 10. 75 acres of serviced residential development land at its key Blindwells site near Edinburgh, it announced on Friday.
Caledonian Trust amends disposal plans for St Margaret's House
Edinburgh-based property investment holding and development company Caledonian Trust updated the market on the proposed sale of St Margaret's House at 151 London Road to Drum Property Group on Friday.
Rose Petroleum raises £0.3m and gets a new chairman
Natural resources business Rose Petroleum confirmed the receipt of £0. 3m for a subscription for 25 million new ordinary shares at 1. 2p per share on Friday, as well as the appointment of Colin Harrington as its executive chairman, effective immediately.
Two Shields to increase WeShop stake via share swap
Two Shields Investments has signed a share purchase agreement under which certain shareholders of WeShop had conditionally agreed to swap their shares for the issue and allotment of new ordinary shares in Two Shields, it announced on Friday.
Secure Property making good progress with sale of non-Greek assets
South Eastern Europe-focussed property company Secure Property Development updated the market on the sale of its non-Greek assets to Arcona Property Fund on Friday.
Vectura set to get $2.5m milestone payment from Novartis
Vectura Group announced on Friday that it will receive a $2. 5m milestone payment under an exclusive licence agreement with Novartis.
Mothercare loss widens but UK shows revival signs
Mothercare reported a wider annual loss but its shares jumped on Friday as the children's retailer reported signs of improvement in UK trading.
Spectris revenues climb despite pressure from US-China trade spat
Spectris said on Friday that trading for the first four months of 2019 was in line with expectations despite macroeconomic and geopolitical uncertainties, with growth driven by demand from the energy and metals, minerals and mining industries.
Stagecoach and partners launch legal action over West Coast rail franchise
Stagecoach Group confirmed on Friday that, along with its partners SNCF and Virgin, it has formally launched legal action against the Department for Transport (DfT) in connection with the procurement of the West Coast Partnership franchise.
Ofgem sets out tougher pricing terms
The energy regulator has set out terms for price controls that it said would reduce the cost to consumers by £6bn and protect vulnerable customers.
Old Mutual suspends CEO Moyo due to 'breakdown in trust'
South Africa-based financial services company Old Mutual said on Friday that it has suspended chief executive officer Peter Moyo with immediate effect due to a "breakdown in trust".
Informa reports steady trading in 2019
Informa said it had traded well so far in 2019 and was confident about meeting expectations for annual results.
Sally Lake to replace Martin Bride as Beazley finance director.
FTSE 250 insurer Beazley said on Friday that Sally Lake will replace Martin Bride as the group finance director.