Company News
WH Ireland selling Isle of Man office to Ravenscroft
WH Ireland has executed a conditional agreement with Ravenscroft Holdings to dispose of its Isle of Man subsidiary, WH Ireland IOM, it announced on Monday.
H&T revenues 'materially impacted' by lockdown
Pawnbroker H&T Group updated the market on its operations on Monday, reporting that all of its stores had now reopened following the Covid-19 closure order on 23 March, which led to its entire estate being temporarily out of action and a resulting “material impact” on revenues.
Omega upbeat on Covid test consortium developments
Omega Diagnostics updated the market on an announcement from the UK Rapid Test Consortium (UK-RTC) on Monday, developing a Covid-19 lateral flow antibody test that could be used by people in their homes.
Rockfire Resources raises £1m for Plateau drilling
Gold and base metal exploration company Rockfire Resources has completed a placing of new shares, it announced on Monday, raising gross proceeds of £1m.
Wirecard shares jump as purchase talk swirls
Wirecard shares more than doubled after the embattled payments company said its business activities were continuing to operate and speculation arose that rivals might snap up some of its operations.
Bonhill Group trading slightly ahead of expectations
Business media company Bonhill Group said on Monday that it was trading “marginally ahead” of its expectations as released on 9 April, as it was continuing to work remotely.
Drax powers ahead on bid speculation
Drax shares surged on Monday amid speculation the temporary power provider could be a takeover target.
Airbus to cut the amount of planes it builds by 40% - report
Airbus’s plane output in the next two years is set to be 40% lower than that seen prior to the Covid-19 crisis, it was reported on Monday.
Morses Club accounts frozen by FCA over Wirecard scandal
Morses Club said customer accounts at its subsidiary U Account have been temporarily suspended after the Financial Conduct Authority froze the operations of German payments processor Wirecard's UK business.
Internet shoppers could face green delivery charge - report
The government is considering slapping a compulsory delivery charge on internet shoppers as part of an effort to cut traffic congestion and toxic emissions, according to a report.
Carnival pays hefty price to borrow $2.8bn
Carnival will pay a hefty 7. 5% on top of interbank rates to borrow $2. 8bn (£2. 3bn) to shore up the embattled cruise operator's finances as the Covid-19 crisis casts doubts on its future.
GlaxoSmithKline clears regulatory hurdle in Japan for 'Duvroq'
GlaxoSmithKline announced the approval of a Japanese New Drug Application (JNDA) by the Ministry of Health, Labour and Welfare in that country on Monday, for ‘Duvroq’, or daprodustat tablets.
TBC Bank launches operations in Uzbekistan
TBC Bank Group announced on Monday that it has launched its banking operations in Uzbekistan, initially in a pilot mode for "friends and family", with plans to extend its services to the broader population in August.
Lookers fraud report finds £19m of profit overstatements
Lookers said an investigation into potential fraud at the company had found £19m of profit overstatements covering several years.
Calisen to resume smart meter installations in July
Meter-reading services firm Calisen said its Lowri Beck subsidiary expected to resume meter reading, non-essential smart meter installations and field services in July as Covid-19 lockdown measures eased.
Indivior appoints Mark Crossley as CEO
Indivior has promoted Mark Crossley to the role of chief executive officer, succeeding Shaun Thaxter.
Grainger issues £350m bond and reports strong trading
Grainger issued a £350m bond to pay off short-term debt and fund growth as the residential landlord said it was trading strongly.
Energean excludes Norway unit from Edison deal
Energean said it had agreed to exclude Edison E&P’s Norwegian subsidiary from its takeover deal, and cut capital expenditure guidance as oil companies wrestle with a slump in prices amid the coronavirus crisis.
Rio Tinto signs power plan deal for Mongolian copper mine
Rio Tinto, Turquoise Hill Resources and the Mongolian government have agreed on a domestic power plan for Oyu Tolgoi that prepares the ground for the government to fund and build a state-owned power plant at the giant copper mine.
Avon Rubber secures $16.3m mask order from US military
Avon Rubber said it had received a $16. 3m mask order under its US Department of Defense M50 sustainment contract.