Company News
S&P upgrades Rio Tinto's long-term debt rating to 'A'
Standard&Poor's upgraded its rating on Rio Tinto's long-term debt from 'A-' to 'A', saying that supportive commodity prices and the company's focus on costs and productivity likely meant its operational performance would remain robust.
Wishbone's Thai entity delivers the goods
A new Thai entity has been established by Wishbone Gold and has successfully delivered its first shipment to Dubai.
Proxama losses persist but costs slashed for 2018
Mobile location and data intelligence company Proxama have announced a sizeable increase in revenue but are still taking heavy losses.
Tuesday preview: UK inflation could surprise, Tui flies in with first quarter
Tuesday's business agenda includes UK inflation numbers, quarterly results from travel operator Tui and little else.
Reach4entertainment divisions sign deals with Miroma Group
Transatlantic media and entertainment marketing company reach4entertainment announced on Monday that its subsidiaries Dewynters and Spot and Company of Manhattan have entered into media buying agreements with Miroma International and Miroma Outcomes.
Active Energy officially opens Utah CoalSwitch plant
Biomass-based renewable energy and forestry management business Active Energy announced on Monday that its first commercial ‘CoalSwitch’ plant in Utah was officially opened on 9 February.
Numis downgrades Victrex as FX headwinds emerge, BofA-ML upgrades
Analysts at Numis downgraded their recommendation on shares of polymer manufacturer Victrex from 'add' to 'hold' on Monday, saying that although the company's business model remained "highly cash generative", an impending FX headwind was set to limit the upside in its share price.
SafeCharge makes further investment in Nayax
Payments technology company SafeCharge announced a further investment in cashless payment solutions provider Nayax on Monday.
Melrose bid for GKN a threat to US national security, warns Unite
Turnaround specialist Melrose Industries' £7bn hostile bid for defence contractor GKN could pose a threat to US national security, according to union Unite.
RBC Capital cuts Moneysupermarket on near-term challenges
RBC Capital Markets cut its stance on Moneysupermarket. com to 'sector perform' from 'outperform', chopping the target price to 350p from 425p, saying that while the company's diversified model makes it a winner over the longer-term, the near-term could be more challenging.
BP begins production at offshore Egyptian asset
BP announced on Monday that it had kicked off gas production at its Atoll Phase One asset off the coast of Egypt after completing the project seven months ahead of schedule at just two-thirds of the total costs it had anticipated.
Proactis sees impressive revenue and EBITDA growth on back of Perfect acquisition
Spend control solutions firm Proactis reported on Monday that it was trading in line to meet management expectations for the full year thanks to a significant growth in revenue and EBITDA over the six months leading to 31 January as a result of its acquisition of Perfect Commerce.
JKX Oil and Gas appoints Christian Bukovics to board
Exploration and production firm JKX Oil and Gas announced on Monday that it had appointed former Shell vice president of exploration Christian Bukovics as an independent non-executive director.
Cedar Fair extends deal with accesso for five years
Leisure, entertainment, cultural and hospitality technology solutions provider accesso Technology Group announced a five-year extension to its existing agreement with Cedar Fair Entertainment Company on Monday, to provide the ‘accesso Passport’ ecommerce solution across all of its properties.
CSRA shares rocket on $9.6bn General Dynamics deal
Shares in government IT business CSRA rocketed in pre-market trade on Monday after it agreed to be bought by General Dynamics for $9. 6bn.
Fox pledges on Sky News independence to win bid clearance
Broadcaster 21st Century Fox has offered to bolster editorial independence at Sky News as it tries to win regulatory backing for its bid to take control of the UK broadcaster.
African Potash becomes Block Commodities after pivot to blockchain
A small mining exploration company in London has changed its name to Block Commodities as it pivots from fertiliser to blockchain technology.
Tesco wants to become one of the LADs
Tesco has hired consultants to look into a possible launch of a discount grocery chain to try and thwart the fast-growing rivals Aldi and Lidl.
TP Group officially opens new 'Advanced Manufacturing Centre'
Specialist services, consulting and engineering company TP Group announced the official opening of its ‘Advanced Manufacturing Centre’ (AMC) on Monday, at the Dukinfield engineering facility in Greater Manchester.
YouGov joins blockchain craze with new digital ad platform
Market research and data analytics group YouGov announced the development of a new digital advertising platform, YouGov Direct, on Monday.