Company News
Coca-Cola ditches plans to refranchise Africa bottling business
Shares in bottling company Coca-Cola HBC slumped on Monday after Coca-Cola Co. said it will keep its majority stake in Coca-Cola Beverages Africa "for the foreseeable future".
Tuesday preview: BoE's Carney, Severn Trent in focus
Investors are likely to focus on the Bank of England's Mark Carney on Tuesday.
Sprint surges as FCC chairman recommends approval of T-Mobile merger
Shares in Sprint Corp surged on Monday after US Federal Communications Commission chairman Ajit Pai said he would recommend approval of its $26. 5bn merger with T-Mobile.
Low & Bonar tumbles as it warns on profits, announces CEO departure
Low & Bonar was under the cosh on Monday as it warned on profits and announced the departure of its chief executive officer, Philip de Klerk.
Ganfeng makes strategic investment in Bacanora Lithium
Bacanora Lithium announced the signing of a non-binding heads of terms for a strategic investment in both Bacanora and its flagship Sonora Lithium Project in Mexico by Ganfeng on Monday.
Bezant granted new environmental impact assessments in Argentina
Copper-gold exploration and development company Bezant Resources announced on Monday that updated environmental impact assessment (EIA) approvals permitting certain specified additional exploration work and drilling activity on the most prospective areas of its Eureka Project in Argentina had now been granted by the Director of Mining and Energy Resources of the Secretariat of Mining and Hydrocarbons, Government of Jujuy.
Ascent Resources buying compressor unit to re-stimulate wells
Europe-focussed oil and gas exploration and production company Ascent Resources has signed a contract for the purchase of a mobile compressor unit for use at its Petišovci project in Slovenia, it announced on Monday.
Jaguar Land Rover books record loss as Chinese market stalls
Jaguar Land Rover posted a record £3. 6bn annual loss on Monday as revenues dipped amid a drop in demand from China, though the business returned to profitability in the final quarter.
Royal Mail to roll out UK's first ever parcel postboxes
Royal Mail introduced Britain's first ever parcel postboxes on Monday, revealing that the revamped boxes would soon be rolled out in locations across the UK following a successful trial in 2018.
Dish serves up $800m deal with EchoStar
American satellite TV broadcaster DISH Network has acquired a swathe of assets from EchoStar in a deal worth $800m.
Ten Lifestyle snaps up three year technology and media contract
Ten Lifestyle Group on Monday won a new three-year contract with a global brand, with the contract expected to be worth more than £2. 0m in the 2020/2021 financial year.
Foxtons revenue drops as Brexit uncertainty continues to dent sales
Estate agent Foxtons reported a drop in first-quarter revenue on Monday as volumes in the sales business remained at record lows amid Brexit uncertainty.
City Pub sales jump 35% as expansion continues
City Pub Group reported a jump in sales on Monday for the 19 weeks to 12 May, as it said it's on track to meet expectations for the year.
Greenpeace blockades BP's global HQ
The global headquarters of BP has been shut down by Greenpeace, after the campaigning charity blockaded the oil giant’s west London office.
Cerillion swings to interim loss but remains optimistic on full year
Cerillion on Monday reported that it swung to an interim loss, though the company stressed that it remains "well positioned" to deliver full-year growth following a strong start to the second half.
HSBC calls Merlin overvalued, cuts from 'buy' to 'reduce'
HSBC has downgraded its rating on Merlin Entertainments, citing concerns about the leisure group’s long-term growth plans.
Lower prices put dent in higher production numbers for Volga Gas
Oil and gas exploration and production company Volga Gas updated the market on its activities and operations on Monday, reporting that between 1 January and 30 April, group production averaged 5,859 barrels of oil equivalent per day.
Sigma Capital locks in £200m-worth of debt facilities for PRS REIT
Residential development and urban regeneration specialist Sigma Capital's wholly-owned subsidiary Sigma PRS Management has secured an additional £200m worth of debt facilities on behalf of The PRS Real Estate Investment Trust.
Rose Petroleum names new chairman following subscription issues
Natural resources business Rose Petroleum tapped Colin Harrington to take over as executive chairman on Monday after chairman designate Robert Bensh was unable to meet the full terms of his irrevocable subscription commitment to the company.
Coral Products makes waves as results better-than-feared
Coral Products' shares shot up on Monday as the company stated that its results for the year ended 30 April will not fall as far below expectations as it had previously warned in March.