Company News
Bioventix appoints Bruce Hiscox as chief financial officer
Antibodies developer Bioventix named Bruce Hiscock would join the group its new chief financial officer on Wednesday.
Schroders to buy majority stake in real estate investment manager Pamfleet
Schroders has agreed to buy a majority stake in Asian real estate investment manager Pamfleet.
Spire Healthcare to pay £1.2m fine for ophthalmology price fixing
Private hospital operator Spire Healthcare has been fined £1. 2m by the Competition and Markets Authority after admitting that it had facilitated an illegal arrangement with consultant ophthalmologists at one of its hospitals who fixed fees for private consultations.
British Land says 64% of its England stores now open
Real estate company British Land said on Wednesday that 64% of its stores in England are now open, with like-for-like retail sales in the week beginning 14 June 91% of the same week last year.
Hammerson increases headroom to most sensitive covenant
Hammerson said it was continuing to focus on reinforcing its balance sheet on Wednesday, announcing that it has increased the headroom to its most sensitive covenant, and improved its liquidity position.
Kier ponders cash raising as Covid-19 hits revenues
Infrastructure company Kier said it was considering a cash raising to shield its balance sheet from the impact of the coronavirus pandemic.
Topps Tiles sales beat expectations as stores re-open
Topps Tiles said on Wednesday that trading was ahead of its expectations as stores re-opened after the coronavirus lockdown.
Sirius Real Estate has ample headroom as activity picks back up
Germany-focused business park operator Sirius Real Estate said that a €20m (£18. 13m) drawdown on its unsecured Schuldschein loan was due on 3 July, giving it €123m of unrestricted cash and undrawn facilities.
Babcock appoints former Cobham boss David Lockwood as CEO
Aerospace and defence company Babcock International has appointed David Lockwood - the former chief executive officer of Cobham - as its new CEO.
Petropavlovsk makes two more management and board appointments
Petropavlovsk announced the appointment of Dr Pavel Maslovskiy as its chief operating officer, and of Martin Smith as a non-executive director, with immediate effect on Wednesday.
John Laing sees single-digit fall in NAV from Covid-19
John Laing said first half net asset value before deducting dividends was expected to show a single digit decline as investment activity was hampered by the coronavirus lockdown.
Peter Toth takes new role on Rio Tinto executive
Rio Tinto has added a new role to its executive committee, it announced on Wednesday, with Peter Toth becoming group executive of strategy and development.
Meggitt sells US subsidiary for $146m
Meggitt has sold its US subsidiary, Meggitt Training Systems, to US private investment firm Pine Island Capital Partners for $146m in cash.
'Strong' UK performance underpins Q1 at B&M European Value Retail
B&M European Value Retail hailed a "strong" first quarter on Wednesday, with a particularly pleasing performance in the UK.
Smith & Nephew quarterly revenue slides amid Covid crisis
Smith & Nephew said on Wednesday that it expects a second-quarter underlying revenue decline of around 29%.
Airbus to slash thousands of jobs due to pandemic
Plane maker Airbus has announced plans to slash thousands of jobs as it looks to weather the Covid-19 crisis.
Upper Crust owner SSP to announce thousands of job cuts - report
Upper Crust owner SSP will reportedly announce plans to cut thousands of jobs on Wednesday as it looks to deal with the fallout from the coronavirus pandemic.