Company News
Latest high street casualty Office Outlet falls into administration
Office stationary retail chain Office Outlet, formerly known as Staples, on Tuesday confirmed that it has fallen into administration, putting 1,200 jobs at risk.
AFC Energy selects fuel cell manufacturing partner
AFC Energy on Tuesday announced Advanced Plastics Ltd as its preferred tenderer in the mass manufacture of flow plates for use within the its proprietary alkaline fuel cell system.
Wood Group returns to growth but debt cutting disappoints
Wood Group returned to growth in 2018 but said its growth cutting efforts would be slower than it planned after the merger with Amec Foster Wheeler.
Wednesday preview: US Federal Reserve, Kingfisher and Genel in focus
Barring surprise developments on the Brexit front - or elsewhere - the market spotlight will shift towards the US Federal Reserve on Wednesday.
Polypipe falls short of lofty expectations for 2018
Shares of Polypipe were knocked-off their perch after the company posted lower than expected full-year operating profits, but sounded a confident note on the outlook and bumped up its dividend.
Volvere swings to a profit on gains from discontinued operations
Investment outfit Volvere expects to swing to a profit in 2018, driven by gains from discontinued operations.
Taptica climbs after 'strong' showing from brand advertising
Taptica International's shares climbed on Tuesday after profit and revenue were boosted by a strong performance from the business' brand advertising arm.
Informa boosted by Morgan Stanley upgrade to 'overweight'
Morgan Stanley upped its stance on shares of events company Informa to 'overweight' from 'equalweight' on Tuesday as it highlighted decent trading and a lowly rating versus peers.
Oxford BioDynamics biomarker to be used in prostate cancer test trial
Oxford BioDynamics announced on Tuesday that it has signed an agreement with Imperial College London, to utilise its latest ‘EpiSwitch’ biomarker signature for the blood-based diagnosis of prostate cancer in the ‘PROSTAGRAM’ trial.
ITM Power sells electrolyser to Toyota Australia
Energy storage and clean fuel company ITM Power announced on Tuesday that Toyota Australia has purchased a 0. 25MW rapid-response PEM electrolyser from it.
InstraStrata awards engineering design contract to Costain
Natural gas storage company InfraStrata has awarded an engineering design works contract to Costain, it announced on Tuesday, to enable the £65m cost savings it identified during the front-end engineering and design (FEED) process to be realised on its Islandmagee gas storage project.
Kazera upbeat on progress in Namibia
Investment company Kazera Global announced on Tuesday that the borehole drilling campaign at both the Homestead and Purple Haze deposits had been completed.
FCA fines UBS £27.6m for dire reporting of deals
The City watchdog has fined UBS more than £27m for failing to keep proper records on nearly 136m transactions over a decade.
Learning Technologies hikes dividend as profits surge
Learning Technologies reported a surge in full-year earnings on Tuesday as it hiked its dividend.
Investors sue Danske Bank for $475m over money laundering
Institutional investors are suing Danske Bank for $475m of damages in connection with the money laundering scandal that hit the Danish bank last year.
Jones Lang LaSalle to buy HFF in $2bn deal
Jones Lang LaSalle has agreed to buy capital markets services provider HFF in a cash and stock deal worth about $2bn.
ECB scepticism could threaten Deutsche-Commerzbank deal
Deutsche Bank’s mooted merger with Commerzbank could face opposition from the European Central Bank after the eurozone’s leading financial supervisor said he disliked the idea of national banking champions.
Mincon drops amid 'fitful and flat' trading
Mincon Group's shares dipped on Tuesday despite double-digit profit growth as the company warned that trading since the start of 2019 had been flat.
Sainsbury, Asda accuse CMA of errors over merger call
Sainsbury's and Asda have promised to invest £1bn in cutting shop prices, improve conditions for small suppliers and sell stores as they urged competition authorities to change its mind over their proposed merger.
Mondi seeks new chair as Phashwana and Williams announce retirements
Mondi is looking for a new chairman after the paper and packaging company’s joint chairs announced plans to retire.