News And Announcements
Sports Direct makes £51.9m offer for Game Digital after upping stake
Mike Ashley's Sports Direct has made a mandatory takeover offer of 30p a share for Game Digital after upping its stake in the video games retailer.
St James's Place ends Woodford mandate
St James's Place has ended its mandate with Woodford Investment Management.
Jaguar Land Rover and BMW announce collaboration on electric drive systems
Jaguar Land Rover and BMW Group confirmed on Wednesday that they are joining forces to develop next generation Electric Drive Units (EDUs) as part of a push in electrification technologies.
GameStop tumbles as it posts slump in Q1 sales, ditches dividend
GameStop shares tumbled on Wednesday after the US video games retailer said it was ditching its dividend following a slump in first-quarter sales.
Investors revolt over executive pay at GVC
GVC Holdings, the owner of Ladbrokes and Coral, said on Wednesday that it was "disappointed" after more than 40% of shareholders voted against its remuneration report, despite its chief executive agreeing to a pay cut.
Findel profits rise, driven by Studio
Home shopping company Findel reported a jump in full-year profit and revenue on Wednesday, thanks in part to a solid performance form Studio, its online value retailer.
Biffa to reorganise into two divisions; annual profits drop
Waste management company Biffa posted a drop in full-year profit on Wednesday, dented by onerous contracts and debt payments, as it said it will reorganise the group into two divisions.
Philip Green agrees deal with pensions regulator over Arcadia
Embattled former billionaire Philip Green on Wednesday agreed to pay an extra £25m to the Arcadia pension scheme as he tried to save his retail empire from falling into administration.
Shaftesbury gains planning permission for £32m Carnaby redevelopment
Shaftesbury on Wednesday received planning permission from Westminster City council for its major scheme at 72 Broadwick Street, a 1970s mixed-use building in the heart of Carnaby.
AA says trading in line, on track to deliver 'strong' FCF generation
Roadside assistance provider and insurer AA said on Wednesday that trading was in line with expectations.
Workspace hikes dividend as income grows despite second half slowdown
Workspace hiked its dividend on Wednesday after an increase in annual rental income and trading profit, though overall profits dipped after lower disposal profits and a slowdown in rental growth per square ft in the second half of the year.
Ryanair traffic jumps 13% in May
Budget airline Ryanair posted a 13% jump in May traffic on Wednesday.
Go-Ahead names Elodie Brian as permanent CFO
British public transport operator Go-Ahead Group made interim chief financial officer Elodie Brian's appointment permanent on Wednesday.
John Laing sells JLEN investment advisory agreement
John Laing Group has sold the investment advisory agreement between John Laing Capital Management and John Laing Environmental Assets Group to Foresight Group.
Non-Standard Finance abandons plans to buy Provident Financial
Non-Standard Finance has abandoned its hostile £1. 3bn offer for larger rival Provident Financial.
Chemring posts jump in first half profits on the back of strong countermeasures market
Chemring posted a jump in first half profits, helped by insurance recoveries, reiterating its forecasts for the full-year on the back of strength in the countermeasures market as the company works to restart production at its UK countermeasures site.
Babcock outlines medium-term targets, sees 3% to 4% earnings growth
FTSE 250 aerospace and defence group Babcock International said on Wednesday that it expects to see earnings growth of 3% to 4% in the medium term.
Aviva CFO Stoddard to step down as Tulloch rings more change
Aviva chief financial officer Tom Stoddard will step down on June 30, the company said on Wednesday.
Card Factory Q1 sales rise despite 'challenging' environment
Retailer Card Factory maintained full year profit expectations as it reported a positive start to the year with first quarter sales up 6. 4%, despite Britons spending less due to Brexit worries.