Company News
Tuesday preview: UK Supreme Court, Middle East tensions in the spotlight
The focus on Tuesday will be on the UK Supreme Court's ruling on the Prime Minister's decision to prorogue Parliament for five weeks and allegations that he misled the Queen by asking her for permission to suspend the Chamber without explaining that his intent was to impede further debate on Brexit.
TP ICAP acquires compression service ClearCompress
Interdealer broker TP ICAP acquired algorithm-based, light-touch compression service ClearCompress for £750,000 on Monday.
Thomas Cook shares sink amid speculation over imminent collapse
Embattled tour operator Thomas Cook was under the cosh on Monday amid speculation that it's on the verge of collapse.
JP Morgan applauds AstraZeneca's growth outlook
JP Morgan has reiterated its ‘overweight’ rating on AstraZeneca, arguing that it has the strongest growth outlook of all the European drugs majors.
Energy Transfer to buy SemGroup for $1.35bn
US oil and gas pipeline company Energy Transfer has agreed to buy smaller rival SemGroup Corp for $1. 35bn.
EQTEC taps David Palumbo to replace CEO Ian Price
Bioscience firm Eqtec named David Palumbo as chief executive officer on Monday after current CEO Ian Price stepped down from the board after just over a year.
Vaalco Energy to list in London
Texan oil company Vaalco Energy is seeking a secondary listing on the London Stock Exchange.
Angling Direct opens 30th UK store; summer trading solid
Fishing retailer Angling Direct said on Monday that trading over the summer was solid as it announced the opening of its 30th UK store in Milton Keynes.
Cobham shareholders back $5bn US takeover
Shareholders in British aerospace and defence company Cobham have backed a $5. 0bn takeover by an American private equity firm.
MJ Gleeson profits rise amid 'extremely strong' demand
Urban regeneration and land development group MJ Gleeson reported a jump in annual profit and revenue and lifted its dividend on Monday thanks to "extremely strong" demand for its homes.
Ovoca Bio narrows losses as BP-101 trials continue
Biopharmaceutical firm Ovoca Bio narrowed losses slightly in the first half of its trading year, while focus remained firmly on its continued development of a treatment for female sexual dysfunction.
Finsbury Food 'confident' of continued momentum, raises dividend
UK baker Finsbury Food upped its dividend on Monday as it told investors that the strong growth seen in the tail end of its last trading year looked set to continue over the next twelve months.
OxyContin maker Purdue files for bankruptcy
Under-fire American drugs company Purdue Pharma has filed for bankruptcy as it looks to settle thousands of opioid-related lawsuits.
Location Sciences agrees contract with Vicinity Media
Mobile location data specialist Location Sciences has agreed a 12-month contract with Vicinity Media, Africa's first premium location-based ad network.
Petra loses its sparkle as earnings tumble
Shares in Petra Diamonds fell in morning trading, after weaker diamond prices pushed the miner deeper into the red.
MTI Wireless wins contract with unnamed Israeli firm
Communications group MTI Wireless Edge on Monday said it had won a contract to supply an unnamed Israeli company with hi-power microwave terminations.
Avon Rubber backs full-year expectations
Avon Rubber backed its full-year outlook on Monday as it said second-half trading was in line with expectations.
Spire Healthcare swings to profit in first half
Hospital operator Spire Healthcare said on Monday that it swung to a profit in the first half thanks in part to better-than-expected NHS revenue, as it backed its full-year guidance.
Eddie Stobart warns on profits, considers equity raising
Eddie Stobart Logistics warned on Monday that it continues to expect full-year profits to be "significantly below" the board's expectations after a difficult first half and said it is considering raising new equity.
Direct Line appoints new CFO
Direct Line said former Royal London deputy chief executive Tim Harris had been appointed as chief financial officer effective October 1, 2019.