Company News
Tuesday preview: UK Parliament, Bovis Homes in focus
The market spotlight on Tuesday will continue to be on Parliament, as investors digest the results and implications of the previous night's vote on whether to hold a snap election.
Barclays to book between GBP1.2-1.6bn of PPI provisions in Q3
Barclays said it now expects to face a bill for payment protection insurance redress significantly greater than it had previously anticipated and provisioned for.
Oilex shares rocket after joint venture dispute resolution
Shares in Oilex stormed higher on Monday after the company reached a resolution with the Gujarat State Petroleum Corporation (GSPC) over a dispute concerning their Cambay joint venture.
Ten Lifestyle says FY loss won't be as bad as expected
Travel platform Ten Lifestyle Group said on Monday that its adjusted loss for the year won't be as bad as expected, while its pipeline remains "strong".
AstraZeneca's Imfinzi improves patient survival in lung cancer trial
AstraZeneca on Monday reported that its Imfinzi drug had improved overall survival by almost three months in patients with late-stage small cell lung cancer in a recent trial.
AT&T surges as Elliott Management says stock could hit $60
AT&T shares surged in pre-market trade on Monday after activist investor Elliott Management wrote a letter to its board outlining a plan to restructure the business and unlock value that could see the shares hit $60.
Cerillion shares jump on GBP3.7m contract win
Cerillion shares surged on Monday after the company won a major new contract worth £3. 7m with a telecoms provider in Asia.
Interserve wins £7.6m contract with Department for Education
Outsourcer Interserve has won a £7. 6m contract with the Department for Education (DfE) to design and build a special education needs school in Devon.
British American Tobacco reassures over vaping products
British American Tobacco issued a statement on Monday insisting that its vaping products do not contain vitamin E acetate or tetrahydrocannabinol (THC), both of which have been linked to respiratory illnesses associated with vaping.
Lloyds lifts PPI provisions to £1.2 - £1.8bn; suspends buyback
Lloyds Bank said it was increasing provision for payment protection insurance (PPI) to £1. 2bn - £1. 8bn in its third quarter and suspending its share buyback programme after a higher-than-expected spike in claims ahead of the August deadline.
British Airways grounds all planes amid two-day pilots' strike
British Airways took the unprecedented decision to ground almost all of its flights amid a two-day strike by its pilots, blaming pilots' union Balpa for not informing it ahead of time of which pilots were planning to strike.
Air France-KLM tumbles on reported interest in Aigle Azur
Air France-KLM shares fell sharply on Monday amid reports suggesting that it might be set to table a bid for struggling regional carrier Aigle Azur even as the company warned of the toll that softer economic conditions were taking on its own business.
Intu Properties surges on report of private equity interest
Shares of shopping centre owner Intu Properties surged on Monday following a report over the weekend that private equity firm Orion Capital Managers is considering a buyout.
AB Foods warns strong dollar will hit Primark margins
Associated British Foods warned that profit margins at its Primark unit would be lower in the next financial year as the company maintained current year forecasts.
Eddie Stobart Logistics receives takeover interest from shareholder DBAY
Eddie Stobart Logistics confirmed on Monday that it has received a preliminary expression of interest from DBAY Advisors Limited, which already owns a 10. 1% stake in the company.
Essentra buys Spanish packaging firm for undisclosed sum
Essentra said it had bought Nekicesa Packaging from GED Iberian and EBN Vaccaria for an undisclosed sum.