News And Announcements
IDS subsidiary GLS to buy 20% stake in Greek courier firm ACS
International Distribution Services - the parent company of Royal Mail - said on Monday that subsidiary GLS has agreed to buy a 20% stake in Greek courier firm ACS Postal Services from Quest Holdings for €74m (£62m).
Tristel full-year results top market expectations
Infection prevention products manufacturer Tristel announced its audited results for the year ended 30 June on Monday, surpassing market expectations.
Yellow Cake confident despite fall in uranium prices
Yellow Cake, a specialist company holding physical uranium for long-term investment, reported a 4. 4% decrease in the value of its uranium holdings during the September quarter on Monday.
Disney names new chair as CEO search continues
The Walt Disney Company is poaching Morgan Stanley's executive chairman James Gorman to helm the board, and said it expected to announce a successor to chief executive Bob Iger in 2026.
Kenvue shares jump as activist investor Starboard buys in
Shares in American consumer health products group Kenvue were surging on Monday morning on reports that activist investor Starboard Value has amassed a "sizeable stake" in the company.
Ocado lining up former Microsoft executive as next chairman - report
A former Microsoft executive is reportedly being lined up as the next chairman of Ocado Group.
Midwich revises expectations amid challenging market
Audio-visual distribution specialist Midwich Group revised its expectations for the year on Monday, amid persistently challenging market conditions.
Sanofi to sell 50% stake in Opella to CD&R
Sanofi said on Monday that it has agreed to sell a 50% stake in its consumer healthcare business, Opella, to US private equity firm Clayton, Dubilier & Rice in a €16bn deal.
Elixirr acquires Hypothesis Group in $45m deal
Elixirr International announced the acquisition of Hypothesis Group, a US-based insights and strategy firm, for a maximum consideration of $45m on Monday.
EnergyPathways to collaborate with govt on hydrogen storage, shares surge
AIM-listed EnergyPathways surged on Monday as the Department of Energy Security and Net Zero (DESNZ) invited the company to participate in the Hydrogen Storage Business Model (HSBM) Design Group.
Hollywood Bowl FY revenues hit record levels
Ten-pin bowling centre operator Hollywood Bowl said on Monday that full-year underlying earnings were pegged to come in ahead of market expectations on the back of record annual revenues.
BHP nearing settlement over 2015 dam failure
Mining giant BHP said on Monday that it was in the process of negotiating a potential settlement with Brazilian authorities over the November 2015 failure of the Fundão dam.
FCA fines VW Finance £5.4m for unfair customer treatment
The Financial Conduct Authority (FCA) has fined Volkswagen Financial Services UK £5. 4m for failing to treat customers in financial difficulty fairly, it announced on Monday.
PureTech's Seaport closes $225m series B round
PureTech Health announced on Monday that Seaport Therapeutics, a company it founded, has closed an oversubscribed $225m series B financing round.
CLIG reports 4.8pc rise in funds under management
City of London Investment Group (CLIG) reported a 4. 8% increase in funds under management (FuM) for the quarter ended 30 September on Monday, rising to $10. 7bn from $10. 2bn at the end of June.
Ocean Wilsons agrees sale of Wilson Sons stake
Ocean Wilsons announced on Monday that its subsidiary OW Overseas Investments has agreed to sell its 56. 47% stake in Brazilian port operator Wilson Sons to SAS Shipping Agencies Services, a subsidiary of MSC Mediterranean Shipping Company.
JDE Peet's shares surge on Mondelez buyout, new CEO
Shares in JDE Peet’s surged in Amsterdam on Monday after German investment company JAB bought out part-owner Mondelez on the same day the Dutch coffee and tea maker appointed a new chief executive.
Ricardo to offload defence business
Ricardo announced its intention to divest its defence business on Monday, as part of its broader strategy to focus on environmental and energy transition consulting.
Starwood European Real Estate impairs Ireland office portfolio loan
Starwood European Real Estate Finance (SWEF) updated the market on its loan investment in its Ireland office portfolio on Monday, reporting a remaining balance including accrued interest of €25. 9m as at 30 September.
Petrofac extends forbearance deal on senior secured notes
Petrofac announced an extension to its forbearance agreement regarding the non-payment of the interest coupon on its senior secured notes on Monday.