News And Announcements
Ford investing £230m in UK Halewood plant to make electric vehicle parts
Ford said it was investing £230m in its UK Halewood plant to make electric vehicle parts as Britain gears up to meet a ban on petrol and diesel vehicles by 2030.
Russia's Softline sets IPO price, values firm at up to $1.93bn
Russian IT company Softline on Monday set the indicative price range for its initial public offering at between $7. 50 - $10. 50 per global depositary receipt (GDR), valuing the firm at up to $1. 93bn.
Volvo sets IPO price range
Car maker Volvo said on Monday that it’s looking to raise around 25bn Swedish krona ($2. 9bn) by listing on the Nasdaq Stockholm stock exchange, as it looks to accelerate its shift towards full electrification.
Artisanal Spirits signs 10-year lease on new facility
The Artisanal Spirits Company, the owner of the Scotch Malt Whisky Society which sells premium single-cask Scotch malt whisky and other spirits to a "discerning membership", announced the signing of a 10-year lease for a new supply chain facility in Uddingston, Scotland.
CMA launches court action against Teletext Holidays
The Competition and Markets Authority has launched court action against Teletext Holidays over inadequate progress on refunds to package holiday customers who were affected by the pandemic.
It isn't going to be Asda as EG Group pulls out of £750m forecourts deal
EG Group, owned by the billionaire Issa brothers, has pulled out of its planned £750m purchase of Asda's forecourt business, the two companies said on Monday.
SDX Energy spuds infill well on Meseda field
Middle East and North Africa-focussed SDX Energy announced the spudding of the MSD-21 infill development well on the Meseda field on Monday.
IGas agrees solar farm development deal with Iona Capital
IGas Energy has agreed a heads of terms with Iona Capital, it announced on Monday, which it described as an investor with a “long track record” of investing in UK renewable energy projects.
7digital expands Investec facility by £1m
Digital music service provider 7digital announced a £1m increase to its revolving credit facility with Investec Bank on Monday, bringing the total facility to £2m.
Aristocrat takes a punt on Playtech with £2.1bn bid
Australian gaming machine maker Aristocrat Leisure is buying European gambling software manufacturer Playtech after making a £2. 1bn cash offer, the two companies said on Monday.
THG's Moulding to give up 'golden share' after share price plunges
British online retailer THG said it was removing founder and chief executive Matthew Moulding’s "golden share" and seek a premium listing after a slump in the company’s share price last week.
Jefferies ups rating and estimates for Drax
Jefferies has upgraded its earnings estimates for Drax, arguing that the energy firm is well-placed to benefit from soaring power prices.
Corcel acquires PNG project through Niugini Nickel acquisition
Battery metals and energy storage-focussed exploration and development company Corcel has completed a share purchase agreement with Australian-registered Resource Mining Corporation (RMI), it said on Monday, to acquire 100% of Niugini Nickel.
Pod Point looking to raise £120m in London IPO
Electric vehicle charging company Pod Point said on Monday that it plans to raise £120m with an initial public offering on the London Stock Exchange.
Access Intelligence pleased with Copyright Tribunal decision
Marketing and communications software-as-a-service (SaaS) provider Access Intelligence announced on Monday that the Australian Copyright Tribunal had delivered its decision in the proceedings brought by its recently-acquired subsidiary Isentia.
Red Rock applies for five exploration permits in Cote d'Ivoire
Gold, copper and cobalt-focussed development company Red Rock Resources has made applications for five exploration permits through its wholly-owned Côte d'Ivoire subsidiary LacGold Resources, it announced on Monday.
Schroders posts slight increase in Q3 AuM
Schroders confirmed a modest increase in its assets under management during its third quarter.
Mind Gym returns to pre-Covid revenue levels in first half
Human resources and business services company Mind Gym said on Monday that it was expecting to report revenues of £24. 1m in its first half, which would make for constant currency growth of 76% year-on-year, and of 7% above the same period two years ago, pre-pandemic.
Metals Exploration turns in solid third quarter performance
Philippines-focussed gold producer Metals Exploration sold 19,197 ounces of gold in its third quarter, it said on Monday, at an average realised price of $1,782 per ounce.
Polymetal's Nezhda mine successfully produces first gold and silver
Mining company Polymetal said on Monday that its Nezhda mine had successfully produced its first gold and silver concentrate over the weekend.