Company News
Thousands of steel workers protest ThyssenKrupp merger in Germany
Thousands of steel workers gathered in Western Germany on Friday to protest the proposed merger of ThyssenKrupp and Tata Steel's European operations which was expected to result in approximately 4,000 job losses.
Thalassa suspends share buyback as FairfieldNodal commences due diligence
Thalassa Holdings confirmed the suspension of its share buyback programme on Friday, as a suitor continued to circle the marine geoscience and subsea robotics company.
Central Asia Metals buying SASA mine in $403m deal
Central Asia Metals announced on Friday that it has conditionally agreed to purchase a 100% interest in Lynx Resources, the owner of the SASA zinc-lead mine in Macedonia, from Orion Co-Investments III and Fusion Capital for $402. 5m.
Verseon enters property-assessed clean energy programme
Technology-based pharmaceutical company Verseon announced on Friday that it is entering into a property-assessed clean energy (PACE) programme for its new facility in Fremont, California through its wholly-owned subsidiary VRH1.
DX Group enters sale-and-leaseback deal with ChanceryGate Livingston
DX Group announced on Friday that it has exchanged contracts with ChanceryGate Livingston to sell-and-leaseback certain freehold properties for an aggregate cash consideration of £4. 5m.
Morgan Stanley hikes target on Coca Cola HBC, notes M&A speculation
Analysts at Morgan Stanley revised their target price for CCH shares sharply higher, telling clients the improvement in the Coca Cola bottler's fundamental drivers looked "sustainable", while adding that its strategic optionality constituted an 'upside' risk for the shares.
Smiths saved by sterling boost, 'well positioned' for return to growth
Smiths Group reported a small decline in full year underlying revenue but 11% growth on a reported basis thanks to the weak pound and said strategic progress made in the year set it up to return to growth next year.
Sprint and T-Mobile said to agree tentative terms of merger
Shares in Sprint Corp rallied in pre-market trade following reports it is close to agreeing tentative terms of a deal to merge with T-Mobile.
Lufthansa, easyJet in talks to buy Air Berlin aviation business
Lufthansa and easyJet have been selected as possible buyers for the aviation business of Air Berlin, which filed for insolvency last month.
Rose Petroleum raises £3m with new and existing investors
Natural resources business Rose Petroleum announced on Friday that it has conditionally raised £3m before expenses through a placing of 75 million new ordinary shares of 0. 1p each, at a price of 4p per share, with a range of new and existing investors.
Uber could be out of London in just eight days
Popular minicab service Uber could be no more in London in just eight days time, after Transport for London decided not to renew its private hire operator licence.
Bank of England to publish stress test results on 28 November
The Bank of England has received initial stress testing submissions from the seven largest UK banks and confirmed it will be publish results on 28 November.
Lamprell H1 revenues drop, cuts full-year guidance
Oil rig builder Lamprell posted a drop in first-half revenue on Friday as it warned that revenue for 2018 would be 10% lower on the year.
Revenue declines for Magnolia Petroleum
Oklahoma based holding company Magnolia Petroleum has seen significantly increased activity across the first half of its trading year, but fell short of translating production into profit.
Billionaire's death creates uncertainty around L'Oreal and Nestle deal
Shares in cosmetics group L'Oreal were up around 4% in early trading on Friday after the passing of 94-year old billionaire Liliane Bettencourt, whose death could significantly alter the current deal between L'Oreal and Nestle.
Saga cruising towards targets after 'consistent growth' in first half
Saga, the specialist provider of products and services for those over 50, reported solid growth of 5. 5% in underlying profits before tax for the first half as it ordered a second new cruise ship amid high demand.
Acacia Mining shifts Buzwagi mine to gold bars to avoid export ban
Tanzanian gold miner Acacia Mining said its third mine in the country is likely to start generating cash again after positive results from a trial to increase the proportion of sellable gold bars.
Lindsay operations on track, says Angus
Angus Energy confirmed on Friday that operations at the Lidsey Oil Field remained on schedule, and the guidance issued on 8 September was unchanged.
Trinity Capital extends deadline for auction of Mauritius subsidiary
Trinity Capital announced an extension to the deadline for the auction of its Mauritius subsidiary on Friday.
Facebook and Amazon braced for entry into Premier League broadcasting
English Premier League clubs could be set to take in even more revenue from broadcasting rights, as tech giants Facebook and Amazon gear up to enter the bidding war in the upcoming months.