Company News
Break up Big Four accounting firms, say MPs
MPs have called for the Big Four accountancy firms to be broken up following a spate of high-profile accountancy scandals.
Big Four under fire for failures in inspecting accountand excessive hospitality spending
The big four accounting firms are under scrutiny after it was revealed they failed to charge some of the UK’s largest companies for the full cost of inspecting their accounts and have been overspending on hospitality with clients, a practice which is banned.
Tuesday preview: Indicative votes and Cabinet meeting in focus
The focus on Tuesday will be squarely on the results of the previous night's indicative votes.
Tristel lauds 'milestone' as products receive Chinese and Korean approval
Tristel on Monday received approval for its Duo High-Level disinfectant and its Sporicidal Wipe from regulatory bodies in China and South Korea, respectively.
Borders & Southern Petroleum's efforts to secure funding fall short
Borders & Southern Petroleum on Monday reported an increased loss as the oil and gas exploration company failed in its attempts to find partners for the next phase of its operations in the Falkland Islands.
Kellogg's offloads Keebler and Famous Amos brands to Ferrero
Food manufacturer Kellogg's revealed on Monday that it will be selling its Keebler, Famous Amos and fruit snacks businesses to Nutella-maker Ferrero for a total of $1. 3bn.
Shares rally as oil producer Block Energy hits gold
Shares in Aim’s Block Energy have surged 60% after the oil explorer announced testing at a well in the Republic of Georgia had exceeded expectations.
Frontier IP subsidiary wins grant for raspberry-picking robot
Frontier IP's portfolio company Fieldwork Robotics on Monday won a UK government Innovate UK Industrial Strategy Challenge Fund grant to accelerate development of its raspberry-harvesting robot system.
America's FDA approves Circassia's latest respiratory treatment
Circassia Pharmaceuticals announced on Monday that the US Food and Drug administration had approved its latest treatment for obstructive pulmonary disease called Duaklir.
Amino Technologies gets Google certification on next-generation devices
Media and entertainment technology company Amino Technologies announced on Monday that its next-generation devices have received ‘Google Operator Tier Android’ certification, and would be showcased at the National Association of Broadcasters trade show.
Avingtrans division secures $6m worth of new contracts
Energy and medical equipment and systems manufacturer Avingtrans announced on Monday that its business unit Hayward Tyler has secured two new contracts worth more than $6m from United States and South Korea customers.
Scotgold upbeat on recent testing at Cononish and Grampian
Scotgold updated the market on its exploration activities on the Cononish Project and Grampian Project in Scotland on Monday, reporting that new zones of interest had been identified for possible extensions to the Cononish orebody.
PCI-PAL creates new information security executive position
Secure payments provider PCI-PAL announced the creation of a “key role” on Monday, being a chief information security officer (CISO), as well as the appointment of a new chief technology officer (CTO).
RBS faces backlash for pursuit of govt-guaranteed loans
Royal Bank of Scotland is facing criticism for pursuing the owners of small and medium-sized companies for debts that have already been settled by the government in a taxpayer-backed loan scheme.
Rolls-Royce offloads commercial marine business to Norway's Kongsberg
Rolls-Royce has offloaded its commercial marine business to Norwegian technology group Kongsberg on Monday, netting somewhere in the vicinity of £350m to £400m in the process.
Renew trading in line as Engineering Services enjoys 'strong' trading
Renew Holdings announced on Monday that trading in the first half of its financial year outstripped that of the prior year and was in line with expectations.
Cabot Energy revenues soar on significantly increased output
Oil and gas outfit Cabot Energy expects annual revenues to more double following a sharp increase in output.
BBC and Discovery strike £200m deal to split up UKTV
The BBC has struck a £200m deal with American pay-TV giant Discovery to break up UKTV, the broadcaster behind channels such as Dave and Gold.
Anglo American will rise as near-term risks ease, says Jefferies
Jefferies has reiterated its ‘buy’ rating on Anglo American, arguing the near-term risks are being overplayed and have left the blue chip miner looking increasing undervalued.
DSV to buy Panalpina in £3.5bn pan-European deal
Panalpina and DSV have agreed a multi-billion pound tie-up which will create the one of the world’s biggest freight specialists, ending weeks of takeover speculation between the two logistics firms.