Company News
Mike Ashley lambasts Sports Direct investors over 'backstabbing'
Sports Direct founder and chief executive Mike Ashley has accused shareholders of “stabbing him in the back” and of “hounding” former chairman Keith Hellawell out of his job.
Hydro withdraws offer for Rio Tinto's aluminium assets
Rio Tinto said on Friday that Norway's Hydro has withdrawn its offer for the miner's aluminium assets.
Centrica appoints former BP bigwig to board
Multinational energy and services company Centrica on Friday appointed Richard Hookway to its board as chief executive of Centrica Business from 1 December.
JD Wetherspoon to nudge up prices as costs rise
JD Wetherspoon reported solid annual results and boss Tim Martin took time out of his traditional pro-Brexit diatribe to say that 4. 0% growth would be needed in the present year to maintain profits.
Tarsus raising £24m to fund two acquisitions and a partnership
Business-to-business media company Tarsus Group has agreed to two acquisitions and a strategic partnership, it announced on Friday.
Management Resource Solutions subsidiary wins Aussie federal contract
Management Resource Solutions announced on Friday that its subsidiary Bachmann Plant Hire (BPH) has secured a AUD 2. 0m contract providing civil and earthworks on an Australian Federal Government project in the Northern Territory of Australia.
Nationwide to pour another £1.3bn into technology
Nationwide Building Society announced on Friday that it is making an additional technology investment of £1. 3bn, taking its overall investment plans to £4. 1bn over the next five years.
Block Commodities teams up with Pure Grow Africa for Uganda project
Commodity trader Block Commodities announced a strategic partnership with Pure Grow Africa - a supplier of agricultural produce based in Uganda - on Friday.
British Steel says 400 job cuts 'unavoidable'
British Steel could cut up to 10% of its workforce as part of a turnaround plan as the business looks to try and keep up with the changes in the industry including the rising costs that come with a weaker pound.
Image Scan dragged to a loss on exceptional costs
Image Scan is expecting to turn in a loss from its current trading year despite record sales thanks to a strong performance by its industrial X-ray inspection systems unit which continued throughout the second half of 2018.
Salt Lake Potash assessing cooperation cost saving at Lake Wells
Salt Lake Potash on Friday agreed to examine cost sharing at Lake Wells in Western Australia with neighbour Australian Potash Limited.
Forbidden Tech increase audience with in-browser launches
Video technology firm Forbidden Technologies on Friday launched its Blackbird editing platforms Ascent and Forte in JavaScript, allowing their use in customers’ browsers.
Avon Rubber expects profits to be in line with expectations
Avon Rubber expects pre-tax profits to be in line with expectations as strong trading continued throughout the second half of its fiscal year.
Shire gains as takeover approved by China
Japan's Takeda Pharmaceutical has received regulatory approval from China for its $62bn takeover of London-listed Shire.
Character Group's 'very solid performance' delivers record sales
Character Group told investors on Friday it had delivered "a very solid performance" as the firm continued to make good progress in meeting the demands of its customers.
London Security sees revenue rise after trio of acquisitions
Fire protection company London Security on Friday reported a jump in first half revenues after acquisitions and scheduling improvements benefitted the company.
RM2's expectation of turning EBITDA positive appears 'challenging'
RM2 trimmed costs to reduce losses in the first half of its trading year despite a contraction in revenues but said it would be difficult to break even in the coming year.
Investec puts in robust performance amid South Africa, Brexit uncertainty
Investec updated the market on its core business performance for the first half of its financial year ahead of its close period on Friday, reporting that the company had continued to see macro challenges in its key operating geographies.
Investec Asset Management to be spun out as separately listed company
Investec announced the demerger and listing of Investec Asset Management on Friday, following a strategic review process carried out by its board and executive directors.
GSK's ViiV seeks approval for new one-tablet HIV-1 treatment
ViiV Healthcare - the HIV specialist majority-owned by GlaxoSmithKline, alongside minority shareholders Pfizer and Shionogi - announced the submission of a marketing authorisation application to the European Medicines Agency on Friday, for a single-tablet, two-drug regimen of dolutegravir and lamivudine for the treatment of the HIV-1 infection.