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Remote Monitored Systems signs hydroponics deal with PIC
Remote Monitored Systems has signed an agreement with PIC Consultants, it announced on Monday, to supply a new range of high-grade retail hydroponic nutrients for distribution into the UK hydroponics market.
Proactis strikes commercial partnership deal with EPSA
Software firm Proactis has signed a commercial partnership agreement with EPSA, the parent company of Experbuy.
88 Energy agrees sale of Alaskan tax credits to pay down debt
88 Energy has agreed to the sale of all the Alaskan oil and gas tax credits currently held by its wholly-owned subsidiary Accumulate Energy Alaska, it announced on Monday.
Providence losses narrow as it 'takes control' of Barryroe development
Providence Resources reported an operating loss of €2. 44m (£2. 1m) in its annual results on Monday, narrowing from €25. 94m in the prior year.
Gaming Realms inks licensing agreement with IGT
Mobile-focused gaming content developer Gaming Realms has signed a licensing agreement with gaming and lottery multinational International Game Technology.
Morgan Stanley upgrades Ocado after selloff
Morgan Stanley upgraded its recommendation on shares of online supermarket Ocado on Monday to ‘overweight’ from ‘equalweight’ following a selloff.
Morrisons rejects £5.5bn bid from US private equity firm; Shares surge 30%
Shares in UK supermarket chain Morrisons surged by more than 30% on Monday after the firm said it had rejected an unsolicited £5. 5bn bid over the weekend from the US private equity firm Clayton, Dubilier & Rice.
Avacta enters non-exclusive distribution deal for Covid-19 test
Diagnostics and cancer therapies developer Avacta Group has entered into a non-exclusive distribution agreement with life science products company Calibre Scientific, it announced on Monday, for its ‘AffiDX’ SARS-CoV-2 antigen lateral flow test for professional use in the UK and the European Economic Area (EEA).
Ilika FY revenues slip, underlying losses widen
Solid-state battery manufacturer Ilika said on Monday that revenues slipped and underlying losses widened in the year ended 30 April.
London open: Stocks edge lower but Morrisons surges on £5.5bn bid
London stocks edged lower in early trade on Monday amid concerns about inflation, but supermarket chains rallied after Morrisons rejected a £5. 5bn bid.
Capita sees revenue growth; Sells Axelos stake for £183m
UK outsourcer and government contractor Capita on Monday said it was on track to post revenue growth for the first time in six years as trading in the first half of 2021 improved.
TRIG finds signs of fatigue on Merkur turbines
The Renewables Infrastructure Group (TRIG) said on Monday that routine inspections at Merkur had identified signs of stress fatigue on certain areas of the support structure of the Helihoist on some of the 6MW wind turbines.
CNH Industrial to buy Raven Industries in $2.1bn deal
Italian-American vehicle maker CNH Industrial said on Monday that it has agreed to buy US precision agriculture company Raven Industries in a $2. 1bn deal.
Hotel Chocolat buys out Rabot joint venture partners
British chocolatier Hotel Chocolat has agreed to buy out the remaining 53% of its Rabot 1745 joint venture.
Ackman SPAC to buy 10% of Vivendi's Universal
Hedge fund billionaire Bill Ackman’s Pershing Square has agreed to buy a 10% stake in Vivendi’s Universal Music Group for $4bn.
Kerry to buy preservatives maker Niacet for €835m
Irish food company Kerry Group said on Monday that it has agreed to buy preservatives maker Niacet for €853m.
Morrisons rejects unsolicited private equity offer, TRIG finds turbine issues at Merkur
London open The FTSE 100 is expected to open 22 points lower on Monday, having closed down 1. 9% on Friday at 7,017. 47.
London pre-open: Stocks to fall after weak Asian session
London stocks were set to fall sharply at the open on Monday, taking their cue from a weak session in Asia, which saw Japan’s Nikkei tumble more than 3%.
Monday newspaper round-up: UK economic recovery, inflation, pensions
The UK’s economic recovery accelerated in May as tourism and recreation firms reopened, but the delay in ending Covid-19 restrictions is putting hospitality firms at risk, research shows. Eleven out of 14 UK sectors reported faster growth in output month on month in May, up from nine in April, according to the Lloyds Bank UK Recovery Tracker, as the UK moved further out of lockdown. - Guardian.