Market Report
Landshypotek Bank CEO to leave
Landshypotek Bank’s chief executive Liza Nyberg is to leave the member-owned Swedish mortgage lender in order to become chief executive of Collector AB and Collector Bank.
Tuesday newspaper round-up: Customs bill, banks, WS Atkins, business rates
Britain will have to settle a demand for €2 billion over its failure to tackle customs fraud before it can agree a post-Brexit trade deal with the EU, senior Brussels sources have said. European officials believe that HM Revenue & Customs is failing to curb Chinese crime gangs that systematically undervalue goods imported into the EU through Dover and Felixstowe, avoiding billions of pounds in customs duty and VAT. - The Times.
Premier Oil refinancing deal on track as holders enter lock-up agreement
Premier Oil said on Tuesday that holders of more than 75% of its $245m convertible bonds have entered into a lock-up agreement, which commits them to vote in favour of the proposed refinancing on the terms of that agreement.
Amec Foster Wheeler confirms no dividend after 2016 earnings fall
Amec Foster Wheeler posted its final, audited results for the 2016 year on Tuesday, confirming they were “in line” with the 13 March update it released last month.
Nostrum gearing up for GTU3 completion, KTO connection
Pre-Caspian Basin-focussed independent oil and gas company Nostrum Oil & Gas released its operational update for the three month period to 31 March on Tuesday, ahead of the release of Nostrum's consolidated accounts for the same period.
Carpetright sees FY profit at lower end of market expectations
Specialist carpet and floor coverings retailer Carpetright said on Tuesday that its full-year profit is expected to be towards the lower end of the current range of market expectations for underlying pre-tax profit of £13. 9m to £16. 2m.
Micro Focus makes changes to board pending £7bn merger with HP's software business
Micro Focus International announced changes to its board and management team due to its pending £7bn merger with Hewlett Packard Enterprises’ software business.
Virgin Money remains 'strong' in first quarter trading
Retail bank Virgin Money released a trading statement on its first quarter on Tuesday, claiming continued “strong progress” as gross mortgage lending reached £2bn for a market share of 3. 4%.
Tullow Oil gets 95% backing for rights issue
Tullow Oil has received acceptances for around 95. 3% of the new shares offered in its $750m rights issue, which was announced back on 17 March.
London pre-open: Stocks seen higher as investors continue to cheer Macron
London stocks were set for another positive day on Tuesday, taking their cue from upbeat sessions in the US and Asia as investors continued to bet that centrist Emmanuel Macron will win the French presidential elections.