News And Announcements
National Grid and SSE at odds with Ofgem
National Grid and SSE are preparing for a battle with the energy regulator over its plan for £25bn of investment in clean energy while keeping household bills low.
3i to pay dividend despite fall in income
3i Infrastructure said it would pay a final dividend as its portfolio performed in line with expectations in the quarter to June 30.
Vistry revenue slumps but sees second half recovery
Vistry reported a slump in first half housebuilding revenue but pointed to a second half recovery on the back of improving demand as the coronavirus lockdown eased.
Rio Tinto to close New Zealand aluminium operation
Rio Tinto announced on Thursday that it will start planning the wind-down of operations, and the eventual closure of, its New Zealand Aluminium Smelters (NZAS) operation, following its strategic review.
Workspace Q1 demand improves but activity well below pre-Covid levels
Office space provider Workspace said on Thursday that customer demand improved in the first quarter but that activity remains well below pre-Covid levels.
AstraZeneca stroke drug gets US green light
AstraZeneca said the US Food and Drug Administration had accepted a supplemental new drug application and granted priority review for a drug used to reduce stroke in patients who experienced an acute ischemic stroke or transient ischemic attack.
Grafton revenue hit by Covid but June 'more resilient' than expected
Building materials distributor Grafton Group posted a decline in revenue on Thursday due to the impact of the coronavirus but said trading in June was more resilient than expected.
Rolls-Royce burns £3bn of cash in first half
Rolls-Royce said it burnt through £3bn of cash in the first half as widebody engine flying hours halved because of the "historic shock" caused by Covid-19.
Primary Healthcare Props to pay dividend in November on 'robust' rents
Primary Healthcare Properties said it planned to pay a dividend in November as it reported “robust” rent collections in the third quarter.
Persimmon half-year revenues drop but recent demand 'positive'
Housebuilder Persimmon reported a drop in half-year revenues and completions on Thursday due to the coronavirus pandemic, but said demand since its reopening has been "positive".
PPHE rolls out safety programme as it reopens hotels
PPHE Hotel Group confirmed on Wednesday that it was welcoming guests back to its hotels, following the launch of its 20-step 'Reassuring Moments' programme, alongside the Radisson Hotel Group.
Solo Oil enters deal to sell Ausable Reef assets
Solo Oil updated the market on the disposal of its 28. 56% interest in the Ausable Reef gas assets in Ontario, Canada, to Levant Exploration and Production on Wednesday.
Greencoat snaps up 50% stake in Irish wind farm
Greencoat Renewables has snapped up a 50% stake in Ireland’s Carrickallen Wind Farm, the listed investment firm announced on Wednesday.
Creightons falls after it reports challenging trading
Creightons shares fell after the health and beauty product maker delayed its annual results and said trading was challenging.
Dekel confirms shipment of first cashew milling equipment
West Africa-focussed agriculture company Dekel Agri-Vision said on Wednesday that the first shipment of milling equipment has left the manufacturer in Italy, Oltremare, enroute to its cashew processing project in Tiebissou, Côte d'Ivoire, via the port of Abidjan.
Susan Davy to be Pennon CEO in board overhaul
Susan Davy will replace Chris Loughlin as chief executive of Pennon in a board overhaul that will also trigger the departure of Chairman John Parker.
MaxCyte signs licensing deal with Apeiron Biologics
Cell-based therapies and life sciences company MaxCyte announced a clinical and commercial licensing agreement with immunotherapy biotechnology firm Apeiron Biologics on Wednesday, under which Apeiron would obtain non-exclusive clinical and commercial rights to use MaxCyte's ‘Flow Electroporation’ technology and ‘ExPERT’ platform.
Full underground team back at Scotgold's Cononish mine
Scotgold Resources announced on Wednesday that the full underground development team has now returned to work, and blasting activities are being conducted at the Cononish Gold and Silver Mine.
Debt holders take control of Travelex in return for £84m injection
Foreign exchange company Travelex has agreed to a deal that will see its lenders take full control of the business in return for a debt restructuring and £84m cash injection, the company’s parent Finablr said.
Grant Thornton fined £1.95m for audit failures on Conviviality
Accountancy firm Grant Thornton has been fined £1. 95m by the UK industry regulator for failures during its auditing of alcohol retailer Conviviality which collapsed in 2018.