News And Announcements
Sir Paul Marshall could pull out of bidding for the Telegraph
The anticipated takeover bid for the Telegraph by hedge fund tycoon Sir Paul Marshall was facing uncertainty on Monday, just days before the bid submission deadline.
Zenova's FX extinguishers approved for use on UK-flagged vessels
Fire suppression and interdiction specialist Zenova Group announced that its Zenova FX range of six- and nine-litre extinguishers has been approved as marine equipment under the Merchant Shipping (Marine Equipment) Regulations (MER) by BSI.
UK govt cuts NatWest stake to below 20%
The UK government has sold more shares in NatWest, taking its stake to below 20% the bank said on Monday.
Macy’s ends takeover talks with Arkhouse, Brigade
Macy’s tumbled on Monday after the department store chain said it had ended takeover talks with private equity firms Arkhouse Management and Brigade Capital Management after months of negotiations.
Burberry shares tank as CEO ousted, profit warning issued, divi axed
Shares in luxury goods maker Burberry on Monday slumped by double-digits as the company ousted its chief executive, suspended dividend payments and issued a profits warning after weak global demand battered first-quarter sales.
Cleveland-Cliffs to buy Stelco in $2.5bn deal
US flat-rolled steel producer Cleveland-Cliffs said on Monday that it has agreed to buy Stelco in a $2. 5bn cash and stock deal.
BlackRock assets under management reach record $10.6trn
BlackRock announced a robust set of second-quarter results on Monday, as its total assets under management reached a fresh record amid growth across its platform.
EnSilica secures $7m order from new customer
EnSilica, a developer of mixed signal application-specific integrated circuits (ASICs), announced a significant new order valued at $7m from a new customer on Monday.
Longboat sells LJN stake, turns focus to Southeast Asia
Southeast Asia-focussed explorer and developer Longboat Energy announced on Monday that it has completed the sale of its 50. 1% stake in Longboat Japex Norge (LJN) to its joint venture partner, Japan Petroleum Exploration (Japex).
Alphabet in talks to buy cyber startup Wiz for $23bn — report
Google parent company Alphabet is reportedly closing in on a deal to buy Israeli cybersecurity startup Wiz for $23bn, according to Dow Jones.
Vast Resources raises £0.6m for Baita Plai reorganisation
Vast Resources announced a successful equity placing on Monday, raising £0. 6m through the issue of 600 million ordinary shares at a price of 0. 1p each, to fund its reorganisation plan at Baita Plai.
Advanced Medical Solutions upbeat on first-half growth
Advanced Medical Solutions updated the market on its trading in the six months ended 30 June on Monday, highlighting significant revenue growth and strong performance from its US LiquiBand product line.
Thor Explorations flags solid progress in Nigeria, Senegal
Thor Explorations reported substantial production achievements at its Segilola Gold Mine in Nigeria in an update on Monday, as well as significant progress in its exploration projects in Nigeria and Senegal.
Gore Street Energy Storage posts solid set of results
Gore Street Energy Storage Fund reported a strong set of audited results for the financial year ended 31 March on Monday, with robust revenue generation, increased operational capacity, and a solid balance sheet.
Alba Mineral Resources reports progress at Clogau-St David's
Alba Mineral Resources updated the market on activities at its wholly-owned Clogau-St David's Gold Mine in North Wales on Monday, reporting progress in both waste tip processing and underground operations.
Aptitude Software ends half-year in line with expectations
Aptitude Software Group flagged results in line with board expectations in a first-half update on Monday, reaffirming its confidence in meeting full-year market forecasts.
Swatch shares sink as profits plunge on weak Chinese demand
Swatch Group's share price plunged by more than a tenth on Monday morning after the high-end watch and jewellery maker reported a larger-than-expected drop in first-half profits as demand was affected by the ongoing luxury market slowdown in China.
ME Group confident after strong first half
Instant-service equipment specialist ME Group International reported a robust set of interim results on Monday, with a 4. 6% increase in revenue to £150. 4m and an 11. 1% rise in EBITDA to £51. 2m.
Antler sells entire stake in Baltic Classifieds
Baltic Classifieds said on Monday after Antler, which is controlled by funds advised by Apax, has sold off its remaining 13% stake in the company in a placing.
Robert Walters says tough macro conditions lasting longer than expected
Recruitment company Robert Walters saw a continued decline in net fee income in it second quarter as it continues to battle with "muted" client and candidate confidence, saying that challenging market conditions are lasting longer than initially expected.