News And Announcements
FCA launches investigation into Woodford fund
The Financial Conduct Authority has opened an investigation into the events leading up to the suspension of one-time star stock-picker Neil Woodford's flagship equity income fund.
RBS hires head for its new digital banking business
RBS named Marieke Flament to head its business-focused digital bank which was set to launch as an app in August, the lender said.
CapCo said to be talks with Canary Wharf Group about Earl's Court site acquisition
Shares in Capital & Counties rallied on Tuesday as it emerged that Canary Wharf Group is in talks with the company about buying a large part of its 77-acre housing development site at Earl's Court.
Barrick Gold given extension on Acacia Mining offer
Barrick Gold has been given more time to either announce a firm offer for Acacia Mining or walk away.
Ethernity Networks technology chosen by China telecoms equipment maker FiberHome
Networking and security solutions provider Ethernity Networks announced on Tuesday that its ‘ACE-NIC100 FPGA SmartNIC’ product has been selected for implementation within the ‘FitBNG’ - the latest broadband network gateway (BNG) product being produced by China-based networking and telecommunications equipment provider FiberHome Telecommunication Technologies.
Directa Plus making decent progress across focus sectors
Graphene nanoplatelets producer and supplier Directa Plus told investors it was continuing to make “good progress” on its strategy to use its “pristine graphene nanoplatelets” to enhance the existing products of its customers and to move up the value chain on Tuesday, as they gathered for the company’s annual general meeting.
Water Intelligence to work with 'major' US home solutions company
Water Intelligence announced the launch of a new business-to-business programme to build on its growing national insurance channel on Tuesday.
Verditek to extend work with Paragraf on 'breakthrough' solar technology
Clean technology company Verditek announced on Tuesday that itself and Cambridge-based graphene electronics technology development company Paragraf updated the market on Tuesday, on their work together to harness the significant advantages of graphene to improve the performance of solar power generation over “state-of-the-art” cells and modules.
Tesco sees 'significant optionality for competitive growth'
Tesco sees "significant optionality" for competitive growth, as well as room for greater margins and increased cash generation.
Boeing and Airbus take off with a flurry of deals at Paris Air Show
Boeing and Airbus have unveiled a flurry of deals, including Korean Air agreeing buying a fleet of Dreamliners and the European aerospace group selling 36 planes to Philippines carrier Cebu Air.
Mortgage Advice Bureau to buy Scotland-based First Mortgage
Mortgage Advice Bureau has agreed to buy an 80% stake in Scottish peer First Mortgage.
MoneyGram shares surge as it strikes deal with Ripple
Shares in MoneyGram International more than doubled in pre-market trading on Tuesday, after cryptocurrency start up Ripple took a 10% stake in the global payments firm.
Pokémon Go creator buys UK developer Sensible Object
Niantic, the company behind the hugely popular Pokémon Go game, has acquired UK developer Sensible Object.
Barclays ups price target but cuts rating for Derwent London
Barclays has cut its recommendation on London Derwent, despite upping its price target, pointing to a number of factors undermining the capital's otherwise strong office market.
Rolls Royce to acquire Siemens' electric aviation business
Rolls Royce on Tuesday agreed to acquire Siemens' electric and hybrid-electric aerospace propulsion business, eAircraft, in a move that the engineering firm said will accelerate its electrification strategy.
First Derivatives takes ownership of Kx Systems to 100pc
First Derivatives has completed the acquisition of minority shareholdings in Kx Systems, in line with the terms announced on 2 July last year, it announced on Tuesday.
Elegant Hotels pushes out loan due dates through refinancing exercise
Upscale freehold hotel owner and operator Elegant Hotels Group has successfully refinanced all of its loans and facilities following the commitment from lenders announced in May, it confirmed on Tuesday.
Hurricane Energy generates first revenue from Lancaster EPS
UK-based oil and gas company Hurricane Energy updated the market on its operations on Tuesday, in relation to the early production system development of the Lancaster field.
Chariot Oil & Gas seeks to progress with Anchois Gas Field
Atlantic margins-focussed oil and gas company Chariot Oil & Gas updated the market on the Lixus Offshore Licence on Tuesday, with the completion of the development feasibility study for the Anchois Gas Field and the Morocco Gas Market and Anchois Field Monetisation Assessment.
Positive Cashflow achieves 1pm's earn-out targets a year early
Specialty finance provider 1pm announced on Tuesday that its wholly-owned subsidiary undertaking, Positive Cashflow Finance - which provides invoice finance facilities for UK small-to-medium enterprises - has reported profits in excess of the earn-out targets set at the time it was acquired in July 2017.