News And Announcements
Grant Thornton fined £0.7m for Interserve audit failings
Grant Thornton has been fined more than £718,000 by Britain’s accounting regulator for failings in its audit of collapsed government outsourcer Interserve, which fell into administration in 2019.
Nanosynth agrees to return control of Cloudveil to founder
Nanosynth announced on Monday that it has agreed to return control of its wholly-owned subsidiary Cloudveil to the subsidiary’s founder, Antony Hugo Gillum-Webb, by transferring its shares in Cloudveil for “nominal consideration”, effective immediately.
Shoe Zone hikes profit expectations after even better trading
Shoe Zone announced on Monday that, further to its full-year trading update on 13 October, reported profit before tax was now expected to be in the range of £9m to £10m for the 52 weeks ended 2 October.
Ixico tapped for another phase-3 clinical trial
Artificial intelligence (AI) data analytics company Ixico has been selected by its largest pharmaceutical client to provide neuroimaging services for a new phase 3 clinical trial focussed on a demyelinating disorder, it announced on Monday.
UK retailers report half term boost as footfall jumps
Retail footfall jumped last week, industry data showed on Monday, as UK shoppers made the most of the half term school holiday.
Barclays' Staley to step down after Epstein probe
Barclays chief executive Jes Staley is standing down with immediate effect after a probe by UK financial regulators into his links with convicted sex offender Jeffrey Epstein.
Darktrace shares continue to fall sharply
Shares in cybersecurity firm Darktrace fell heavily on Monday, compounding last week’s sell off, as the end of an investor lock-up period approached.
Coca-Cola to take control of BodyArmor in $5.6bn cash deal
Coca-Cola said on Monday that it has bought the remaining 85% stake in BodyArmor that it does not already own for $5. 6bn in cash.
British Airways agrees £1bn credit facility
IAG said on Monday that British Airways has agreed a £1bn five-year credit facility.
OnTheMarket adjusts consideration for Glanty purchase downwards
Property marketing portal operator OnTheMarket announced on Monday that the initial consideration paid for the 80% share in Glanty in May was being reduced, with the return by the vendors of 163,154 ordinary shares in the company.
Power Metal subsidiary exercises option to buy Pilot Mountain project
Power Metal Resources announced on Monday that its wholly-owned subsidiary Golden Metal Resources had exercised an option to acquire a 100% interest in the Pilot Mountain Project in Nevada.
BT delivers on cost-savings target ahead of time, shares surge
BT shares surged on Monday after the telecoms group confirmed it has delivered on its cost-savings target ahead of schedule.
Powerhouse Energy extends agreements in light of Protos progress
Plastic waste-to-hydrogen technology company Powerhouse Energy updated the market on its UK progress on Monday, reporting that the special purpose vehicle to develop the Protos plant and project had advanced work towards construction contracting.
Greggs launches £100m legal claim against Zurich - report
Greggs has reportedly launched a £100m legal claim against Swiss insurer Zurich Insurance Group.
GlaxoSmithKline denies interest in Aurinia
British drugs group GlaxoSmithKline has denied speculation it is interested in acquiring Canada’s Aurinia Pharmaceuticals.
Volex expands US military profile with Irvine acquisition
Power products and manufacturing services company Volex announced on Monday that it has completed the acquisition of Irvine Electronics.
Knights Group acquiring Archers Law, agrees new £60m facility
Legal and professional services company Knights Group has agreed to acquire Archers Law, it announced on Monday, which is an independent law firm based in Stockton-on-Tees.
Apax X Fund acquires US warranty provider HSG
Apax Global Alpha said on Monday that the Apax X Fund, in which it is a limited partner, has signed a definitive agreement to acquire American Water Works Company's Homeowner Services Group (HSG).
Land Securities to buy U+I Group in £190m deal
Land Securities has agreed to buy property regeneration company U&I Group in a £190m deal.
Ryanair H1 losses narrow but annual loss expected
Budget airline Ryanair posted a narrowing of its losses for the first half on Monday as traffic rebounded, but downgraded full-year guidance to expectations for a loss of as much as €200m.