Company News
UK govt launches inquiry into bungled £6bn nuke cleanup deal
Two US companies are to receive almost £100m in compensation from the British government over a flawed nuclear cleanup contract was terminated after only five years.
United Airlines faces criticism over barring girls with leggings
US carrier United Airlines has come in for criticism after it would not allow two girls to board a plane on Sunday because they were wearing leggings.
Tuesday preview: Ladbrokes Coral and Wolseley results due
Tuesday's financial calendar sees Ladbrokes Coral and Wolseley among the larger of those reporting results, while headlines may be grabbed by the Scottish Parliament as it votes on whether to support a second independence referendum the day before Theresa May's planned announcement about kicking off the Brexit negotiation process.
TechFinancials completes transfer of shares to joint venture partner
Financial trading broking technology provider TechFinancials announced the completion of the transfer of 3,868,615 ordinary shares of $0. 0005 to the owners of its joint venture partner, Optionfortune, on Monday.
Monday broker round-up
Tullow Oil: Goldman Sachs upgrades to Neutral with a target price of 200. 6p.
Small cap news round-up
Esports business Gfinity’s football videogame will be the final game to feature in the Elite Series, an eSports league, which is launching later this year.
Amerisur continues to make progress in Colombia
South America-focussed oil and gas producer and explorer Amerisur Resources provided an update of operations in Colombia on Monday.
Domino's Pizza franchise still surging in Poland
Master Domino’s Pizza franchisee for Poland, DP Poland, posted its final results for the 2016 calendar year on Monday, with system sales up 62% year-on-year, or 27% on a like-for-like basis.
Itaconix widens loss after exiting nicotine gum business
Itaconix posted its preliminary results for the 12 months to 31 December on Monday - a year in which it changed its name from Revolymer, and undertook a “major reorganisation” to focus on its specialty chemicals business.
Exova confirms discussions with potential suitors
Exova Group, noting recent market speculation, confirmed on Monday it received proposals from Element Materials Technology, Jacobs Holding and PAI Partners SAS regarding a possible cash offer for the company.
IMImobile to buy multi-channel messaging app provider Infracast
IMImobile has agreed to buy multi-channel messaging applications provider Infracast for an initial consideration of £8. 2m in cash and shares.
Greggs exec director Reynolds to resign at AGM
Greggs said on Monday that Raymond Reynolds, executive director, retail, will not stand for re-election at the annual general meeting in May.
Results round-up: Bioventix, Quadrise Fuels, Trading Emissions
High-affinity antibody developer and supplier Bioventix announced its unaudited interim financial results for the six months to 31 December on Monday, with turnover rising 32% period-on-period to £3. 12m.
Broker tips: Ryanair, Tullow Oil, Berendsen
Bank of America Merrill Lynch upgraded Ryanair to 'neutral' from 'underperform' and lifted the price target to €15. 30 from €12. 50 as it took a look at the airlines sector.
Gfinity adds new video game to Elite Series
Esports business Gfinity’s football videogame will be the final game to feature in the Elite Series, an eSports league, which is launching later this year.
UK's Rudd under fire over demands to lift message encryption
UK Home Secretary Amber Rudd was under fire from tech firms and cyber security experts on Monday over her demand that encryption be removed from social media messages after last week's London terror attack.
Dow Chemical, DuPont get EC approval for merger
The European Commission has cleared the proposed merger between US chemical companies Dow Chemical and DuPont.
BT to pay £342m in fines and compensation for cuts in broadband delay payouts
BT has been fined £42m by regulator Ofcom for cutting compensation payouts to rivals for delays in providing high speed broadband.
Trading Emissions narrows loss under threat of Polish regulation
Closed-ended investment company that specialises in renewable energy projects and emissions instruments, Trading Emissions, announced its results for the six month period to 31 December on Monday.
Bank of England stress tests to examine management execution
In its 2017 stress test, the Bank of England UK banks will scrutinise the UK's biggest banks for their ability to cope with an interest rate hike and a seven-year continuation of the industry's current headwinds to profitability.