Company News
Ineos evacuates Grangemouth petrochemicals plant after gas leak reports
A petrochemicals plant in Scotland's Grangemouth owned by Ineos has been closed down with staff evacuated after a reported gas leak.
Getech wins order from Oil and Gas Authority
Getech issued an update to the market on Tuesday, after an announcement from the Oil and Gas Authority that - as part of the authority’s “ongoing commitment” to encourage activity in underexplored areas of the UK Continental Shelf, it was purchasing a “comprehensive suite” of datasets and other information sources.
Wednesday preview: Sainsbury's and Imperial report, FOMC likely to be 'boring'
Wednesday's main event will be the statement from the US Federal Reserve, while the undercard will include data on UK construction data and euro-zone gross domestic product, plus results from the likes of Sainsbury's and Imperial Brands.
Angus Energy receives approval to move forward with Lidsey-X2
Angus Energy announced on Tuesday that, following West Sussex County Council approval, it had now also received permission from the Environment Agency to drill the Lidsey-X2 horizontal production well at its Lidsey production oil field, license PL 241.
Bacanora Minerals issues shares to battery chemical trader Hanwa
Lithium exploration and development company Bacanora Minerals announced the issue of 12,333,261 new common shares of no par value to Hanwa on Tuesday, which it described as “a leading Japan-based global trading company” and one of the larger traders of battery chemicals in the Asian region.
Like-for-like revenue surges for PPHE Hotel Group
Europe-focussed full-service upscale and lifestyle hotel owner, developer and operator PPHE Hotel Group announced its trading update for the three months to 31 March on Tuesday, reporting that on a like-for-like basis, revenue increased by 17. 0% to £53. 3m, driven by a marked recovery in the leisure segment in London, the opening of the extension of Park Plaza London Riverbank, improved trading in Germany and a currency exchange rate benefit.
Just Eat Q1 revenue jumps 46%
Online food delivery company Just Eat reported a 46% jump in first-quarter revenues and reiterated its full-year guidance.
Shire first-quarter revenue rises, reiterates 2017 guidance
Shire, which completed its $32bn merger with Baxalta last June, reported a 109% surge in revenues for the first quarter as it said it was on course to achieve its full-year guidance.
N Brown looks a less risky 'buy', HSBC says
N Brown's full year results showed progress with the plan to transform the clothes retailer into an online heavyweight, said HSBC, upgrading the shares to a 'buy' rating.
Alitalia to start bankruptcy proceedings
Italian airline Alitalia said on Tuesday that it will formally request to enter bankruptcy proceedings after its employees opposed a restructuring plan.
Liberty House to create 300 new steel jobs
Liberty House, which has formally completed its £100m acquisition of Tata Steel's Speciality Steel division, is set to create 300 new jobs in South Yorkshire.
Innovaderma acquires IP rights to Prolong
Shares in Innovaderma are down more than 2% after it acquired the entire share capital of Ergon Medical Ltd, owner of the intellectual property rights for Prolong.
Civitas Social Housing acquires portfolio for £11m
Civitas Social Housing has completed the purchase of a portfolio of regulated social housing for £11m, comprising the freehold interest in 10 supported living properties, with 55 tenancies, in the West Midlands, South East and East of England.
Old Mutual eyes furthers costs from OMW platform contract switch
Old Mutual reported its Old Mutual Wealth arm has spent £330m transforming its investment platform and after cancelling a contact to build a proprietary system and move to an outsourced alternative, will need to spend another £120-160m.
KEFI Minerals makes progress with Ethiopia courts
Gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, KEFI Minerals, updated the market on legal proceedings regarding an inherited claim for damages on Tuesday - particularly that a ruling by the Federal Supreme Court of Ethiopia had drastically reduced the firm’s potential legacy liabilities.
Shawbrook's solid start hit by unwanted costs from Pollen bid
Shawbrook has reported a solid first quarter, while the challenger bank's board announced more details about why it continues to recommend shareholders reject a buyout offer from Pollen Street and BC Partners.
Oakley Capital Investments' Fund III acquires Plesk
Oakley Capital Investments Ltd has completed a deal to acquire the assets and operations of Plesk via Oakley Capital Private Equity III (Fund III).
Access Intelligence reports solid revenue increases
Corporate communications and reputation management software provider Access Intelligence announced its final results for the year to 30 November on Tuesday, confirming recurring revenue from continuing operations increasing by 39% and total revenue from continuing operations increasing by 43%, reflecting the full year impact of its acquisition in June 2015.
BP barrels off to brilliant first quarter, analyst angst over dividend
BP got off to a strong first quarter, with a £1. 45bn profit and expectations of a "material improvement" in cash flow from the second half of the year as production begins at new upstream projects.
Premier Veterinary completes £6m sale of buying group
Premier Veterinary Group announced on Tuesday that, further to the announcement it made on 3 March, it had completed the sale of the business, trade and assets of its buying group to Animal Healthcare Services - a subsidiary of Henry Schein - for a cash consideration of £6. 3m.