News And Announcements
Fuller's serves up full measure for half-year
Interim profits at Fuller Smith & Turner fizzed up 4% higher as the brewer and pubco grew sales faster than the wider pub industry but began to see margins squeezed by higher business rates and wages.
IndigoVision signals loss for the year as CEO steps down
IndigoVision Group updated the market on its trading on Friday, reporting that while there are still “several important weeks” before the end of its financial year on 31 December, it was now clear that management's expectations would not be achieved and that a full year operating loss will be reported.
Sabre seeks £600m market capitalisation from December IPO
Sabre Insurance released details of its initial public offering (IPO) on Thursday, with founder Angus Ball set to collect nearly £30m for his 20% shareholding in the motor insurer in what had been referred to as one of 2017's biggest London listings.
Venture Life secures Austria distributor for Procto-eze
Consumer self-care group Venture Life has secured a new long-term exclusive distribution deal in Austria with a new partner for its Procto-eze range, it announced on Friday.
APC becomes Oregano Systems' UK and Ireland partner
Design, specification and distributor of specialist technologies and electronic components, APC Technology Group, has signed an agreement to become the exclusive UK and Ireland distribution partner for the Austrian manufacturer of PTP switches and network interface cards, Oregano Systems.
Miton Group confident in achieving full-year expectations
Fund management firm Miton Group has continued to experience positive net inflows in the second half of the financial year, it said in a trading update on Friday.
Global's Jupiter agrees extension on Namibian licence
Global Petroleum announced on Friday that its wholly owned subsidiary, Jupiter Petroleum Namibia, has agreed an extension to the First Renewal Exploration Period of 12 months to 3 December 2018 with the Namibian Ministry of Mines and Energy, for Petroleum Exploration Licence 29.
Asiamet appoints James Deo as CFO
Asiamet Resources has appointed James Deo as its chief financial officer effective from January next year.
Sports Direct calls shareholder vote to reimburse Mike Ashley's brother
Sports Direct has set itself up for another shareholder battle after recommending boss Mike Ashley's big brother is "reimbursed" £11m for IT services.
Custodian REIT buys Superdrug site in Worcester
UK property investment company Custodian REIT announced a further property purchase on Friday - a high street retail unit in Worcester, let to Superdrug Stores.
Residential Secure completes first acquisition
Residential asset class investor Residential Secure Income announced the completion of its first acquisition on Friday, with the purchase of a rental homes portfolio comprising 1,341 retirement properties for a total consideration of approximately £100m.
William Hill in talks with Australia's Crown Resorts, Paddy Power also circling
William Hill has confirmed it is in "very preliminary" talks with Australia's Crown Resorts about a possible merger of their local online businesses, which sparked new City chatter that fellow bookmaker Paddy Power Betfair was also circling the Melbourne operator.
UK airlines facing harsh post-Brexit rules - report
British airlines could face vastly restricted access to European Union airports after Brexit, according to leaked negotiation papers.
Smart Metering announces placing, refinancing to fund meter roll-out
AIM-listed Smart Metering said on Friday that it plans to raise £150m through a placing, as it announced the refinancing of a £280m revolving credit facility to help it achieve its smart meter roll-out plans.
Sanderson buys Anisa in £12m deal
AIM-listed software and IT services business Sanderson has bought Anisa for an enterprise value of £12m.
Unilever begins process to hire new CEO ahead of strategy update next week
Unilever is beginning the hunt for a successor to long-serving chief executive Paul Polman, according to reports.
International Public Partnerships consortium wins bid for Dudgeon wind farm link
Ofgem appointed a consortium of International Public Partnerships and Transmission Capital Partners as the preferred bidder to own the offshore transmission link to the Dudgeon wind farm offshore Norfolk.
Fidelity China upbeat on outlook as it outperforms benchmark
Fidelity China Special Situations updated the market on its first half performance on Friday, reporting that its net asset value per share total return was 13. 1% in the six months to 30 September.
Speedy Hire buys two powered access specialists for £13m
Tools, equipment and plant hire services company Speedy Hire has acquired powered access specialists Profit Access Limited and Platform Sales & Hire for £13m.
James Fisher revenue up but warns over slowdown in offshore oil division
James Fisher and Sons posted a rise in revenue on Friday but warned that the full-year contribution from its offshore oil division will be lower than last year.