Company News
Stobart confirms sale of Stobart Air to Connect Group consortium
Stobart Group confirmed on Friday that the sale and purchase agreement by which its wholly-owned subsidiary Stobart Aviation was disposing of of its shares in Everdeal Holdings, through which it owns Stobart Air had become unconditional.
Barclays Bank chairman stands down
Barclays non-executive director Gerry Grimstone has decided to step down from his role as chairman of Barclays Bank at the end of the month.
IMImobile 'excited' by successful WhatsApp integration
IMImobile on Friday confirmed the successful integration of a WhatsApp Business solution into its enterprise cloud communications platform IMIconnect, giving its clients a new platform for customer service.
Mediazest launches small fundraise
Creative audio-visual company Mediazest has conditionally raised £110,000 with a placing of new ordinary shares at a price of just 0. 1p per share.
Centrica renews £2.4bn revolving credit facility
Centrica on Friday said it had rolled over a £4. 2bn credit facility with a maturity date of 2024.
Vodafone eyes Italian 5G network collaboration
Vodafone's Italian arm has agreed to enter into a network sharing partnership for both 4G and 5G with Telecom Italia, with both companies also weighing a merger of their 22,000 towers in the country.
Dairy Crest recommends offer from Canada's Saputo
Dairy Crest directors have recommended a cash takeover bid from Canada's Saputo that values the Cathedral City cheese maker at £975m.
Metro Bank among SME grant winners, CYBG misses out
Metro Bank has been awarded £120m from the fund set up with cash from Royal Bank of Scotland designed to boost competition in the business banking market, with Starling Bank getting £100m and ClearBank £60m.
Merlin Entertainments sells Australian ski resorts for £95m
Legoland and Madame Tussauds owner Merlin Entertainments has sold its Australian ski resorts, Hotham and Falls Creek, to Vail Resorts, for AUD174m (£95m).
Hill & Smith buys up bollard maker ATG Access
Construction products group Hill & Smith Holdings announced on Friday that it has completed the acquisition of ATG Access from LDC and private shareholders, for a cash consideration of £22. 5m on a debt and cash free basis.
Pearson sees sales rising in 2020 as adjusted profits rise
Publishing group Pearson said underlying full year adjusted operating profit rose 8% to £546m for 2018, in the in the upper half of guidance range, as it said it expected sales to grow again in 2020.