Company News
Balfour Beatty, HICL and INPP win places on Ofgem offshore transmission shortlists
Ofgem has confirmed the shortlist of bidders competing to own and operate £2bn of offshore transmission links to the Dudgeon, Rampion and Race Bank windfarms off the coasts of Norfolk and Sussex, including Balfour Beatty, HICL and International Public Partnerships Limited.
DX Group's planning permission for West Midlands hub refused
Parcel delivery firm DX Group’s planning permission for a proposed West Midlands hub has been declined.
Costain lifts FY pre-tax profit, dividend with record forward orders
Shares in Costain are up more than 2% after turned in an improved full-year pre-tax profit and dividend, along with a record high-quality forward order book.
HSBC upgrades South32 to 'buy' on expectations of share buyback
Shares in South 32 were on the front foot on Wednesday after HSBC upgraded the base metal and coal miner to 'buy' from 'hold' and left its price target unchanged at 185p, following suggestions that it will execute a share buyback programme in the first half.
Mitie surges on sale of loss-making social care division
Mitie has sold its loss-making UK social care division - domiciliary care and homecare businesses Enara and Complete Care - to specialist healthcare investor Apposite Capital LLP for £2.
Elementis earnings drop but dividend held as self-help continues
Elementis posted full year results showing a 22. 5% fall in operating profits as revenues dipped and currency movements hit margins, with management focused on self-help measures to steer through the uncertain economic backdrop.
Investigation into Fox's Sky takeover to be triggered in coming weeks
An investigation into Sky's takeover by 21st Century Fox could begin by the middle of March, according to reports, as Rupert Murdoch’s US company formally notifies regulators of the deal.
IP Group commits £1.5m to Actual Experience placing
Intellectual property-based business developer IP Group noted on Wednesday that its portfolio company Actual Experience raised a total of £17. 5m before expenses, by means of a conditional placing.
AG Barr to cut IRN-BRU sugar content
Soft drinks maker AG Barr confirmed on Wednesday that it plans to reduce the sugar content across its drinks portfolio so that more than 90% of its beverages will contain less than 5g of total sugar per 100ml by this autumn.
James Fisher venture awarded Shanghai Salvage contract
James Fisher and Sons announced on Wednesday that its joint venture company, Wuhu Divex Diving Systems, had been awarded a contract by Shanghai Salvage to supply a mobile, 12-man saturation diving system capable of diving to depths of 300m.
Amazon server error causes widespread internet shutdown
A fault at an Amazon data centre caused widespread outages at many major websites and services on Tuesday evening.
Evraz's 2016 earnings rise following cost cutting programme
Evraz’s earnings for 2016 rose following a cost-cutting programme, while the Russian steel miner remains “cautiously optimistic” about the future of the commodity market.
International Personal Finance slumps as it posts 20% drop in profit
Consumer credit lender International Personal Finance tanked on Wednesday as it reported a 20% drop in full-year pre-tax profit.
First Group and Stagecoach shortlisted for East Midlands rail franchise
FTSE 250 listed transport operators FirstGroup and Stagecoach have been shortlisted by the government for the East Midlands rail franchise, which was due to run out in March 2018 but has now been extended.
Polymetal makes payment for Primorskoye in shares
Polymetal International confirmed the payment of a deferred consideration for the acquisition of the Primorskoye property on Wednesday.
Zoopla owner buys estate agent software provider
ZPG, the owner of property websites Zoopla and PrimeLocation, has bought Expert Agent, a software provider for estate agents, for an undisclosed fee.
Tritax Big Box agrees new £90m loan facility
Tritax Big Box said it had agreed a new long-term, interest only, fixed rate term £90m loan facility with PGIM Real Estate Finance.
Ofcom tightens Royal Mail letters rules and warns of potential fines
Ofcom has tightened some of the rules governing Royal Mail's role in the parcels and letters market, and warned the postal group that if it continues to miss its targets it could face "significant fines".
BBA reports $82.2m full year pre-tax loss
Private aircraft services provider BBA Aviation on Wednesday posted a full year pre-tax loss of $82. 2m after taking in $316m in exceptional items.