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Serco to buy US Navy contractor NSBU in $225m deal
Serco Group has entered into a definitive asset purchase agreement to acquire the Naval Systems Business Unit and a small number of related contracting entities (NSBU) from Alion Science & Technology Corporation for $225m, it announced on Thursday.
Bakkavor holds FY guidance in face of 'subdued' consumer confidence
Fresh food maker Bakkavor on Thursday maintained full year guidance despite continued subdued consumer confidence and inflationary pressures.
London open: Stocks drop amid Sino-US worries; UK voters head to the polls
London stocks fell in early trade on Thursday, taking their cue from downbeat sessions in the US and Asia, as worries about Brexit and Sino-US trade relations took their toll.
AJ Bell defies Brexit woes with interim profit rise
Investment platform AJ Bell defied the Brexit gloom as it reported higher first-half profits driven by higher customer numbers and an increase in managed assets.
Merlin rejects ValueAct call to go private
Merlin Entertainments has rejected a call by one of its biggest shareholders for the theme park operator to find a buyer to take it private.
Mitchells & Butlers returns to profit growth
A snow-free winter helped pub and restaurant operator Mitchell & Butlers posted a return to profit growth in the first half, but the company warned of “limited visibility” ahead due to Brexit uncertainty.
LondonMetric to buy Midlands-based A&J Mucklow in £415m deal
LondonMetric Property posted a 3. 5% increase in full-year net rental income on Thursday as it announced the acquisition of Midlands-based real estate investment trust A&J Mucklow in a cash and stock deal that values it at around £414. 7m.
Tate & Lyle posts drop in FY profit, sees 2020 EPS growth flat
Tate & Lyle posted a drop in full-year profit on Thursday, partly due to higher exceptional costs, as it said earnings per share growth for 2020 is expected to be broadly flat to low single-digit at constant currency.
United Utilities profit constrained by long hot summer
United Utilities' annual profit rose as the water company's revenue increased but its results were hit by the cost of safeguarding supplies during the scorching summer of 2018.
Polypipe on track to meet expectations as revenues rise
Polypipe said it was on track to meet full year expectations as it reported an 8% year on year rise in revenue for the four months to April 30.
Core business underpins profit and revenue at B&M European Value
B&M European Value Retail reported a jump in full-year revenue and profit on Thursday as its core division saw good trading momentum.
Intertek revenues rise in first four months, subdued market weighing on Bakkavor
London open The FTSE 100 is expected to open 47 points lower on Thursday, having closed up 0. 07% at 7,334. 19 on Wednesday.
London pre-open: Stocks to drop on downbeat US and Asian cues
London stocks were set to drop at the open on Thursday, taking their cue from downbeat sessions in the US and Asia as worries about Brexit and Sino-US trade relations continued to weigh on investors’ minds.
Thursday newspaper round-up: Best pay, Greybull Capital, Amazon, Philip Green
Three City banks, a German software business and Facebook pay their staff the most in the UK, according to a new survey, while staff working at Domino’s Pizza and the shop chains Footasylum and Schuh receive the lowest rewards. The Swiss investment bank Credit Suisse and the German software firm Sap topped the list of the UK’s highest-paying companies compiled by the job search and recruiting website Glassdoor. – Guardian.
Intertek revenues rise 7.3% in 4 months to April
Quality assurance provider Intertek said revenues were up 7. 3% to £924. 3m for the first four months of the year at actual currency rates, driven by broad-based organic growth, acquisitions and forex tailwinds.