News And Announcements
Google parent Alphabet reportedly eyeing up HubSpot
Google’s parent Alphabet is reportedly considering making an offer to acquire HubSpot, an online marketing software firm valued at $35bn.
React Group secures three big contracts
Cleaning, hygiene and decontamination service provider React Group announced the acquisition of three significant contracts, collectively valued at over £1. 3m annually, on Thursday.
Gooch & Housego confident despite some reduced demand
Photonic components and systems specialist Gooch & Housego said in an update on Thursday that in its first half, it saw some customers in its industrial and medical laser markets adjusting their inventory levels, resulting in reduced demand for certain products.
International Paper to seek secondary London listing if DS Smith deal goes ahead
International Paper said on Thursday that it had made "significant progress" in reciprocal due diligence with regards to a potential takeover offer for UK-based DS Smith, and that it could seek a secondary listing in London if a deal goes ahead.
GetBusy acquires pricing intelligence platform SmartPath
GetBusy announced the acquisition of the trade and assets of SmartPath on Thursday, which it described as a pricing intelligence and revenue optimisation platform tailored for the accounting industry.
Union Jack Oil starts US trading on OTCQB Venture Market
Onshore hydrocarbon explorer and developer Union Jack Oil announced the approval of its ordinary shares for trading on the OTCQB Venture Market in the US on Thursday, with trading starting at market open under the ticker ‘UJOGF’.
Kering drops £1.1bn to snap up historic building in Milan
French luxury giant Kering has announced that it is spending €1. 3bn (£1. 1bn) on a historic building in Milan, giving it one of the largest retail spaces in the city's fashion district.
Cavendish Financial flags significant second-half growth
Cavendish Financial said in an update on Thursday that in the second half of its financial year it experienced significant growth, with revenues expected to reach £34. 5m, representing an increase of around 77% compared to the pro forma revenue of £19. 5m in the first half.
Amazon to cut hundreds of jobs in AWS division
Amazon's cloud computing arm, Amazon Web Services (AWS), announced significant layoffs affecting hundreds of employees overnight on Thursday, in its physical stores technology and sales and marketing sectors.
Space NK owner Manzanita preparing £400m sale - report
The long-standing owner of high street beauty retailer Space NK is reportedly preparing to put it up for sale with a price tag of more than £300m.
Eco Animal Health sells equine parasite treatment for EUR 1.3m
Eco Animal Health announced the sale of ‘ECOmectin Horsepaste’ to its manufacturing partner Acme Drugs in Italy on Thursday, for total consideration of €1. 3m.
Ocado chair Haythornthwaite to step down next year
Ocado said on Thursday that chairman Rick Haythornthwaite will be stepping down next year "due to his increasing commitment" as the recently-appointed chair of NatWest.
Plant Health Care registers nematode control product in Mexico
Plant Health Care announced the registration with the Mexican Federal Commission for the Protection against Sanitary Risk (COFEPRIS) of PHC68949, a biological nematode control product, and its impending commercial launch in Mexico on Thursday.
Lords Group appoints new finance chief
Building materials distributor Lords Group announced the appointment of Stuart Kilpatrick as its new chief financial officer on Thursday, succeeding Chris Day.
Motorpoint sees FY losses at 'favourable end' of expectations
Vehicle retailer Motorpoint said on Thursday that full-year pre-tax losses were set to be "at the favourable end" of management expectations following a strong performance in the fourth quarter.
CAB Payments gets Netherlands payment service provider licence, shares surge
CAB Payments surged on Thursday after its Dutch subsidiary secured a payment service provider licence with De Nederlandsche Bank N. V. (DNB).
Ascential lays out plans to return £850m to shareholders
Ascential expanded on its plans to return £850m to shareholders on Thursday, involving a tender offer to acquire up to £300m of Ascential shares, a special dividend of at least £450m, and on-market share buyback programmes to acquire £100m of Ascential shares.
Supermarket Income declares dividend, suspends scrip alternative
Grocery property investor Supermarket Income REIT announced an interim dividend for the quarter ended 31 March on Thursday, of 1. 515p per share.
Future returns to organic revenue growth in second quarter
Future reported a return to organic revenue growth in its second quarter on Thursday, largely attributed to robust performances in Go. Compare, B2B sectors, and resilient magazine sales.
Amaroq starts first underground mining blast at Nalunaq
Amaroq Minerals announced a significant milestone on Thursday, with the successful start of the first underground mining blast at the Nalunaq site in Southern Greenland.