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Biffa upgrades FY expectations after stronger-than-expected Q1
Waste management firm Biffa lifted its full-year earnings expectations on Monday following better-than-expected trading in the first three months of the year.
Marlowe acquires Core Stream in £18m deal
Business-critical software and services company Marlowe has acquired governance, risk and compliance software-as-a-service (SaaS) platform Core Stream, it announced on Monday, for an implied enterprise value of £18m.
Watkin Jones appoints new chair and finance chief
Watkin Jones updated the market on its board succession plans on Monday, following Grenville Turner giving notice of his intention to retire as chair, and Phil Byrom giving notice of his intention to retire as chief financial officer in 2022.
Sumo board recommends all-cash offer from Tencent
Video games company Sumo Group announced on Monday that it has agreed the terms of a recommended all-cash acquisition by Chinese technology conglomerate Tencent through its indirect wholly-owned subsidiary Sixjoy Hong Kong.
Bill Ackman's Pershing Square rejigs Universal stake acquisition
Bill Ackman’s Pershing Square Holdings will now look to buy a 10% stake in Universal Music from France’s Vivendi after US authorities blocked its attempts to use a special purpose acquisition company (SPAC) - Pershing Square Tontine Holdings - to do the deal.
Ocado shares hit after fire at Erith warehouse
Ocado shares were hit on Monday after a fire at its warehouse in Erith, south-east London, following a collision between three robots.
Flutter brings down cost of debt through refinancing
Gambling firm Flutter has completed a debt refinancing, it announced on Monday, that will reduce its effective cost of debt and provide it with additional liquidity, enhancing its financial flexibility.
London open: Stocks fall amid Covid, inflation concerns
London stocks fell sharply in early trade on Monday as worries about the spread of the Delta variant outweighed any cheer over ‘Freedom Day’, while inflation concerns also continued to weigh on sentiment .
Europe open: Travel stocks hit on Delta variant worries
European shares opened lower on Monday, led by travel and energy stocks as investors fretted about the rising number of Delta variant Covid cases globally.
AstraZeneca lung cancer drug approved in China
Pharmaceutical company AstraZeneca said its drug to treat extensive-stage small cell lung cancer had been approved in China.
Zoom to buy cloud call centre company Five9 in $14.7bn deal
Video conference company Zoom Video Communications has agreed to buy cloud call centre company Five9 in an all-share deal valued at around $14. 7bn.
Derwent London to sell Angel Square freehold to Tishman Speyer
Derwent London has agreed to sell its 126,200 sq ft freehold interest in Angel Square, Islington, to property developer Tishman Speyer for £86. 5m before costs.
Strong defence demand boosts Ultra Electronics first half
Strong demand from defence markets helped Ultra Electronics deliver better-than-expected first-half profits on Monday as it lifted its dividend by 5%.
Synthomer upgrades FY earnings outlook amid strong trading
Chemicals company Synthomer lifted its full-year earnings guidance on Monday as it said trading across the business has remained strong.
London pre-open: Stocks seen lower on weak Asian cues
London stocks were set to fall at the open on Monday to below 7,000, following a weak session in Asia.
Monday newspaper round-up: House prices, pingdemic, Ocado
Months of “frenzied buyer activity” have driven the average asking price for a home in Britain to a new high, according to the property website Rightmove. The property portal said it expected figures from HMRC due later this week to show that June was the busiest month on record for sales, with buyers rushing to complete before stamp duty rules change in parts of the United Kingdom. - Guardian.