News And Announcements
FCA cracks down on 'dysfunctional' overdraft market
The City regulator has announced a clampdown on overdraft charges to fix a "dysfunctional" £2. 4bn market that punishes vulnerable customers.
Singapore's City Developments to buy Millennium & Copthorne for £2.23bn
Shares in Millennium & Copthorne rocketed on Friday after it agreed to be bought by Singapore-listed real estate company City Developments (CDL) for £2. 23bn.
Arcadia looks to win over landlords with improved CVA terms
Having failed to gain the required support from landlords earlier this week, Philip Green's Arcadia Group said on Friday that it had improved the terms of its company voluntary arrangements.
BlueRock Diamonds recovers its largest ever diamond
BlueRock Diamonds has recovered its largest diamond to date at its Kareevlei mine in the Kimberley region of South Africa.
Modern Water seeking additional working capital
Shares in Modern Water fell down the plughole on Friday after the AIM-listed company said it was in talks with potential funding parties as it seeks additional working capital.
Waterstones owner Elliott to buy Barnes & Noble in $683m deal
Barnes & Noble, the largest bookseller in the US, has agreed to be bought by Elliott Management for around $683m in cash.
ReAssure plans London flotation
ReAssure Group is planning an initial public offering in London to raise funds for further expansion of its closed life book business.
US approves self administration for GlaxoSmithKline asthma drug
GlaxoSmithKline said on Friday that US regulators had approved two new methods for self-administering its Nucala asthma treatment.
Invesco sells 9.3% stake in AJ Bell
Invesco Asset Management has sold a 9. 3% stake in investment platform AJ Bell.
Smiths Group appoints JehanZeb Noor as CEO of medical division
Smiths Group has appointed JehanZeb Noor as chief executive officer of its medical division.
AG Barr makes £1m investment in Elegantly Spirited
Irn-Bru and Rubicon maker A. G. Barr has made an initial £1m investment for a 20% stake in start-up business Elegantly Spirited, which owns zero-proof spirits brand STRYYK.
Ferrexpo sees 'material rise' in H1 earnings
Iron ore pellet producer Ferrexpo on Friday said group first half underlying earnings were expected to increase “materially”, due to higher prices and sales.
Games Workshop maintains profit growth
Games Workshop said sales and profit growth extended to the end of its financial year as the miniature wargame maker reiterated guidance for annual results.