News And Announcements
Unilever to sell global tea business to CVC Capital for €4.5bn
Unilever has agreed to sell its global tea business, ekaterra, to private equity firm CVC Capital Partners for €4. 5bn.
Mobile Streams Argentina performing ahead of expectations
Mobile content and data intelligence provider Mobile Streams announced on Thursday that its LiveScores Argentina service generated more than $14,000 in revenue from around 6,000 downloads in October.
CMA gives CHC 5 working days to address concerns over Babcock acquisition
The UK’s Competition and Markets Authority has given the buyer of Babcock’s international offshore oil and gas aviation business five days to address competition concerns.
ImmuPharma reports 'significant' progress since restructure
Specialist drug discovery and development company ImmuPharma reported “significant” positive progress on Thursday, following major changes to its board and a restructuring of senior management in August.
Begbies Traynor turns in 'strong' first half performance
Financial advisory and business recovery service company Begbies Traynor reported a “strong” financial performance in its first half on Thursday, with group revenue increasing to £52m from £37. 5m year-on-year.
Atalaya earnings more-than-triple on solid production, higher prices
Atalaya Mining reported year-to-date EBITDA of €148. 2m (£124. 74m) after its third quarter on Thursday, rising from €44. 4m year-on-year, after it hiked its production guidance in October.
AstraZeneca antibody found to reduce risk of severe Covid-19 by over 80pc
AstraZeneca reported positive findings from recent studies into its Covid-19 antibody treatment on Thursday, reporting that when given to at-risk and immunocompromised patients before exposure to the coronavirus, it reduced the risk of developing severe disease by 83%.
Unilever nearing deal to sell tea business to CVC Capital - report
Private equity firm CVC Capital Partners is reportedly close to buying Unilever’s tea business, which includes the Lipton and PG Tips brands.
Biffa reinstates dividend as operating profit returns to pre-Covid levels
Waste management company Biffa reinstated its dividend on Thursday and backed full-year expectations as it said adjusted operating profit returned to pre-pandemic levels in the first half.
Keller trading in line, backs full-year expectations
Keller backed its full-year guidance on Thursday as it said trading has been in line with its expectations.
James Halstead maintaining 'significant' supply chain resilience
Commercial flooring company James Halstead reported “significant resilience” in its supply chain on Thursday, with shortages being “well-managed”, although some cost increases needed to be absorbed in the short term.
Marks Electrical makes market share gains, reaches record revenue
Online appliance retailer Marks Electrical Group reported “strong” first half revenue growth of 78% on Thursday, to £37. 5m.
LondonMetric raises £175m for acquisitions
LondonMetric said it would raise £175m to fund acquisitions and developments as the property company reported strong first-half results.
Jet2 losses widen in first half
Jet2 reported a widening of its interim losses on Thursday due to the Covid restrictions imposed on the travel industry and the government’s traffic light system, as it warned of further losses for the second half.
TBC Bank Q3 profits rise on higher operating income
TBC Bank reported a rise in third quarter profits driven by increased operating income spread across all revenue categories, further supported by recoveries in loan provision charges.
Hiscox appoints Liz Breeze as interim CFO
Insurer Hiscox has appointed Liz Breeze as interim group chief financial officer while the search for a permanent replacement is conducted.
Fuller's returns to profit after full reopening of pubs and hotels
Fuller, Smith & Turner reported first half revenue of £116. 3m on Thursday, up from £45. 6m year-on-year, as it swung to EBITDA earnings of £22. 8m from losses of £3. 7m.
Grainger focused on private rented sector as rental growth slows
Residential landlord Grainger reported a 2% improvement in adjusted earnings in its full-year results on Thursday, to £83. 5m, even as net rental income was down 4% at £70. 6m.
Hyve Group acquires 121 Group,
Exhibitions and conferences operator Hyve Group has agreed to acquire meetings programme organisers 121 Group and 121 Partners after having successfully raised funds via a placing and the direct subscription of new ordinary shares.
Naked Wines cuts sales guidance, shares tumble
Naked Wines tanked on Thursday after the company said it swung to a profit in the first half but downgraded its sales guidance for FY22.