Company News
EasyJet proposes 727 redundancies among pilots, closing Stansted
BALPA said on Tuesday that it was shocked by easyJet's proposal to axe one out of every three of its pilots in the UK.
Wednesday preview: Global manufacturing, Sainsbury in the spotlight
The market spotlight on Wednesday will be on global manufacturing, with sector surveys due out in all the major jurisdictions.
Director dealings: TalkTalk chairman makes share purchase
TalkTalk revealed on Tuesday that chairman Charles Dunstone had purchased one million ordinary shares in the FTSE 250-listed telecommunications firm.
Immunodiagnostic Systems starts sale of Covid antibody test
Laboratory diagnostic services provider Immunodiagnostic Systems announced on Tuesday that its “fully automated” SARS-CoV-2 (Covid-19) IgG antibody test was available for sale.
Erris Resources to resume fieldwork at Loch Tay
Europe-focussed mineral exploration company Erris Resources announced on Tuesday that it will resume fieldwork at the Loch Tay gold project in Scotland, starting in July.
FireAngel sees sales pick up, announces big council order
FireAngel Safety Technology said on Tuesday that revenue for the six months ending 30 June was expected to be at least 70% of its pre-Covid budget performance.
Stelios's easyJet stake drops below 30%
Stelios Haji-Iaonnou's stake in easyJet has dropped below 30% meaning the tycoon is no longer classed as a controlling shareholder of the company he founded 25 years ago.
GB says impossible to understand Covid-19 impact
GB Group said it was impossible to understand the continuing impact of Covid-19 on its business as the identity data company posted a 40% increase in annual profit.
Morses Club confirms U Account customers can access accounts
Morses Club confirmed on Tuesday that operations at subsidiary U Account have resumed as normal after the Financial Conduct Authority lifted its ban on trading by German payments processor Wirecard’s UK business.
Blue Group restructuring leaves 1,100 jobs hanging in the balance
Harveys and Bensons for Beds parent company Blue Group's restructuring will leave around 1,000 retail jobs hanging in the balance as roughly 50 storefront locations were set to close permanently following a pre-pack administration deal with Alteri Investors.
eEnergy warns of delays, eyes breakeven trading in H2
Energy efficiency group eEnergy said on Tuesday that it was aiming to turn a profit following an expansion away from its home market of Ireland but also warned of coronavirus-related contract delays.
Comptoir talking with landlords before making closure decisions
Restaurant operator Comptoir Group confirmed plans to start reopening some of its sites from 4 July on Tuesday.
Vast Resources granted expanded licence at Manaila
Vast Resources updated the market on progress at its Manaila Polymetallic Mine, and the adjacent Manaila Carlibaba Extension Project, in Romania on Tuesday, confirming it has now been granted the Manaila Carlibaba exploitation licence.
On the Beach swings to interim loss as revenues slide
On the Beach said on Tuesday that it swung to an interim loss as revenue slumped due to cancelled bookings and reduced demand amid the Covid-19 outbreak, as it announced the departure of chief financial officer Paul Meehan.
Petropavlovsk board ousted in AGM coup
Petropavlovsk has accused its biggest shareholder of seizing control of the Russian gold miner without paying a takeover premium after the company's board was voted out at its annual general meeting.
Robinson reinstates dividend, shares surge
Robinson has re-instated its dividend after the packaging specialist saw sales nudge ahead in the first half despite the impact of the Covid-19 pandemic.
Entertainment AI releases 'CreatorSuite', changes name to Seeen
Social media video platform provider Entertainment AI announced the release of its ‘CreatorSuite’ product on Tuesday, as well as its name change to ‘Seeen’, with the ticker symbol SEEN, in a bid to “better reflect” its technology brand and the initiation of commercial product releases.
Prairie Mining secures litigation funding to sue Poland
Prairie Mining announced on Tuesday that it has executed a litigation funding agreement for AUD 18m (£10. 07m) with Litigation Capital Management, available for immediate drawdown.
Pick-up in UK housing market activity boosts Henry Boot
Henry Boot is to take a "significant" number of employees off furlough, after activity in the housing market started to pick up.
Uber in talks to buy Postmates for $2.6bn - report
Shares in Uber Technologies jumped on Tuesday after the US company was reported to be in talks to acquire rival delivery service Postmates for $2. 6bn.