Company News
Copyportfolio CRISPR-Tech: eToro's formula to invest in biotechnology
Promoted The acronym CRISPR comes from Clustered Regularly Interspaced Short Palindromic Repeats. This technology is revolutionising the biotechnology sector and from now on it will also revolutionise the wallets of many investors.
Firm that made 9m nuisance phone calls fined £300,000 by UK watchdog
The Information Commissioner’s Office (ICO) has fined Holmes Financial Solutions Ltd for making 8. 7m automated marketing calls in less than a year, though the company said it was appealing the decision.
TalkTalk concerns overdone, RBC upgrades
RBC Capital Markets upgraded its rating on telecom group TalkTalk to 'outperform' on Thursday, saying that while not without issues, they believed concerns over the firm's balance sheet seemed to be overdone.
Facebook's 2017 profit up 56% despite usage decline
Facebook reported a 67% rise in net profit for 2017 on Thursday, to $15. 9bn from a $10. 2bn figure in 2016.
Total Produce picks up 45% stake in Dole Food
European fresh produce distributor Total Produce has entered into a binding agreement that would see it acquire a 45% equity stake in the Dole Food Company from its chairman and chief executive David Murdock for a total cash consideration of $300m.
Comptoir full-year results to come in ahead of market expectations
Results from restaurant operator Comptoir Group's recently ended trading year came were set to come in strong despite a "difficult market backdrop", as a strong second-half performance and a busy holiday trading period gave the firm the boost it needed.
IWG tumbles as talks with Brookfield and Onex end
Shares in IWG tumbled on Thursday after the serviced office provider confirmed that discussions with Canada’s Brookfield Asset Management and private equity firm Onex - announced back in December - have ended.
Synthomer confirms completion of BASF Austrian SBR business
Synthomer announced on Thursday that it has successfully completed the acquisition of the BASF Austrian SBR business and assets, as initially announced in September last year.
Royal Mail wraps up defined pension scheme as Union dispute comes to a close
Royal Mail and the Communications Workers Union reached an agreement on Thursday regarding the company's ten-month-long dispute with the trade body over plans to replace its defined benefit pension scheme.
Morrisons to cut 1,500 management roles in drastic staffing overhaul
Morrisons told staff on Thursday that it would soon be cutting roughly 1,500 store management roles as it joins other supermarkets in overhauling its workforce to adapt to changing consumer habits.
IMI completes purchase of Bimba
Specialist engineering group IMI confirmed on Thursday that it acquisition of Bimba has been completed.
Imaginatik launches strategic hunt for possible suitor
Imaginatik announced on Thursday that it has decided to conduct a review of the various strategic options open to it, one of which is a sale of the company.
Friday preview: AstraZeneca looking to please, BT to avoid 'negative surprises'
As the first Friday of the month, the market agenda is dominated by US non-farm jobs report, while the main points on the UK calendar are construction data and results from AstraZeneca and BT Group.
Chemring subsidiary wins contracts worth £23m
Chemring, which is currently being investigated by the Serious Fraud Office for alleged money laundering, bribery and corruption, said on Thursday that its subsidiary, Chemring Countermeasures, has been awarded contracts for export customers worth a total of £23m.
Sainsbury swipes £60m Nectar loyalty card to boost earnings, insights
Sainsbury's spend £60m to acquire the right to operate the Nectar loyalty programme in the UK from parent company Aimia Inc.
T Clarke on track with no impact expected from Carillion collapse
Building services company T Clarke told investors on Thursday that its expected outcome for the trading year ended 31 December was in line with current market expectations.
Intermediate Capital increases annual fundraising target
Intermediate Capital increased its annual fundraising target by 50% to capitalise on an increase in the number and size of strategies available to the asset manager.
Indivior expecting significant impact from US tax reform
Indivior announced on Thursday that it expects its future US after-tax income to be positively impacted by the recently-legislated changes to US corporate taxes, that were effective from 1 January.
Acquisitions boost revenues at Euromoney
Euromoney Institutional Investor said first-quarter revenues had grown 6% after acquisitions helped offset exchange rate fluctuations.
RPC quarterly profits surge, will work with EU on plastics waste policy
FTSE 250 plastics products manufacturer RPC Group reported a surge in third-quarter sales and said it was working with governments to reduce plastic waste.