News And Announcements
Petrofac 'well-positioned' to end year as forecast
Petrofac reported continued strong performance in engineering and production services in a trading update on Thursday, but said Covid-19 disruption was still impacting engineering and construction project schedules and costs.
CLS Holdings secures five 'significant leases' across Germany
Commercial property investment business CLS Holdings said on Thursday it had secured five "significant leases" in the last three weeks across Germany, amounting to 91,865 square feet, in Cologne, Essen, Berlin and Munich.
Passenger charges to jump at Heathrow
The Civil Aviation Authority has given Heathrow the green light to boost charges by more than 50%.
Boohoo warns on profits, cites higher returns rates
Fast-fashion retailer Boohoo warned on full-year profits on Thursday as it pointed to higher returns in the UK and a weaker-than-expected performance in the US.
Gym Group membership bounces back
The Gym Group said membership bounced back and prices rose after its sites were allowed to reopen from Covid-19 restrictions.
Recruiter Robert Walters lifts FY expectations
Recruiter Robert Walters lifted its full-year expectations on Thursday following strong trading in the fourth quarter.
Airtel Africa sells mobile money stake for $50m
Airtel Africa said Chimera Investments had bought a $50m stake in its mobile money operations with the company retaining a majority holding.
3i Infrastructure raises stake in France's VALOREM
Investment firm 3i Infrastructure has agreed to invest a further €25. 0m into French renewable power outfit VALOREM through a capital increase in order to fund its growth, raising the company's stake in the Bègles-based company to roughly 33%.
Pearson names Twitter's Omid Kordestani chair
Educational publisher Pearson has named Twitter director Omid Kordestani as its new chair.
IPPL makes first foray into Denmark with portfolio buy
International Public Partnerships Limited has made its first investment in Denmark, buying a majority interest in a portfolio of four public-private partnership (PPP) projects for £14m.
Hipgnosis Songs Fund net revenues and EBITDA grow as NAV improves
Investment firm Hipgnosis Songs Fund said on Thursday that both net revenues and underlying earnings had grown in the six months ended 30 September as its net asset value increased 2. 5% throughout the period.
JTC buys US fund services business EFS
JTC said on Thursday that it has bought US fund services business Essential Fund Services (EFS) for an undisclosed sum.
IntegraFin reports higher annual profits as funds under direction rise
IntegraFin on Thursday reported a rise in full year profits after a 27% rise in funds under direction.
Ascential sells MediaLink in $125m deal
Ascential has sold its MediaLink division in a $125m cash deal, the FTSE 250 firm announced on Thursday.
LXI REIT acquires 16-acre long-let asset in Middlesbrough
Commercial property investor LXI REIT has acquired a 16-acre long-let property in Middlesbrough valued at £58. 9m from Knight Frank.
Aviva raises share buyback to £1bn
Aviva has increased its share buyback programme to as much as £1bn and extended the time period for the repurchases to be made.
Schroders confirms talks with Greencoat Capital on buying 'significant' stake
UK fund manager Schroders on Thursday confirmed it was in talks with renewable energy investor Greencoat Capital about taking a “significant” stake in the company.