News And Announcements
US activist investor calls for break up of Royal Dutch Shell
Activist US investor Daniel Loeb called for the breakup of Royal Dutch Shell.
UK Budget: Pensions fee cap removal plan 'possibly unnecessary'
UK Finance Minister Rishi Sunak was accused of playing "fast and loose" with pensioners' retirement cash over his proposals to lift the regulatory cap on fund charges.
Kazera secures financing to see it through to cash generation
Investment company Kazera Global announced new financing arrangements on Wednesday, that it said would see it through to cash generation over the next six months.
BP and Daimler partner to roll-out hydrogen network for UK freight transport
BP and Daimler will work together to accelerate the introduction of a hydrogen network with the aim of decarbonising UK freight transport.
Pub shares rally as chancellor announces 'draught relief'
Shares in pub chains rallied on Wednesday after Chancellor Rishi Sunak announced a new tax relief for pubs in the autumn Budget.
Phoenix Copper acquires partial royalties on Empire Mine
United States-focussed base and precious metals explorer and producer Phoenix Copper has entered into agreements with Honolulu Copper Corporation and Mackay to acquire part of the 2. 5% royalty payable to each of them, as well as the Honolulu mining claims, under mining leases on the Empire Mine in Idaho, it announced on Wednesday.
Glaxo upgrades FY EPS guidance after strong Q3
GlaxoSmithKline upgraded its full-year earnings per share guidance on Wednesday as it posted a jump in third-quarter sales.
Coral Products flags 'very strong' first half despite logistics issues
Coral Products reported a “very strong” first half in a trading update on Wednesday, saying it would report sales and profit before tax “substantially ahead” of the same time last year.
On The Beach reports 'suppressed trading' in the second half
On The Beach said on Wednesday that it had experienced "suppressed trading" in the second half of the year due to Covid disruptions.
Team17 launches app for children with Lego and Marvel
Video games label, developer and creative services provider Team17 announced on Wednesday that its StoryToys subsidiary was launching a Lego Duplo Marvel mobile app alongside the Lego Group and Disney division Marvel Entertainment.
Sumo Group revises and expands Clydesdale Bank facility
Video games and entertainment design, development and publishing service provider Sumo Group has agreed a revised revolving credit facility with Clydesdale Bank, it announced on Wednesday.
Pandemic reading habits continue to lift Bloomsbury earnings
Bloomsbury Publishing reported a 29% improvement in revenue in its unaudited interim results on Wednesday, to £100. 7m, while profit before tax rocketed 265% to £11. 1m.
Temenos surges as EQT said to consider bid
Temenos shares surged on Wednesday following a report that Swedish buyout firm EQT is considering a potential acquisition of the Swiss banking software specialist.
Revolution Beauty takes manufacturing in-house with Medichem acquisition
Revolution Beauty announced on Wednesday that its Revolution Beauty Holdings subsidiary has acquired the entire issued share capital of Medichem Manufacturing for £23m, subject to a net assets adjustment.
Atalaya Mining board declares inaugural dividend
Atalaya Mining announced on Wednesday that its board has approved its inaugural dividend, as well as the adoption of a future dividend policy that would take effect from 2022.
Restore adds Kent property with acquisition of the Document Warehouse
Information and data management company Restore has acquired 100% of the Document Warehouse (TDW) in the UK, it announced on Wednesday, for a cash consideration of £6. 5m.
Ideagen makes two audit technology acquisitions
Regulatory compliance software company Ideagen announced the acquisitions of Audit Analytics and Ai XPRT on Wednesday, for total cash of $47m initially.
Kerry Group experiences 'strong growth' YTD
Irish food company Kerry Group said on Wednesday that it had experienced continued "strong growth" and "strategic development" year-to-date.
Abcam completes earnings-accretive BioVision acquisition
Science research tools company Abcam announced on Wednesday that it has completed its acquisition of BioVision from Boai NKY Medical Holdings, for total consideration of $340m.
Firstgroup proposes £500m tender offer
Transport company Firstgroup has proposed a tender offer to return as much as £500. 0m to shareholders.