News And Announcements
Director dealings: ABF directors dispose of more than £1m in shares
The chief executive and finance director of Associated British Foods (ABF) sold more than £1m of shares between them on Tuesday, after they were awarded the stock as part of the Primark-owner's long term incentive plan.
IAG's Level sets up new base at Paris Orly
British Airways, Iberia and Vueling parent International Consolidated Airlines Group said on Tuesday that its low-cost longhaul airline, Level, will launch four new routes from Paris Orly.
Angle upbeat on latest Parsortix study
Liquid biopsy company Angle announced on Tuesday that its ‘Parsortix’ system is the subject of a further peer-reviewed publication in the journal Oncotarget, detailing work undertaken by Professor Robert Zeillinger's Molecular Oncology Group at the Medical University of Vienna.
S&P reaffirms long-term debt rating for StanChart
Standard and Poor's reiterated its BBB+ rating on the long-term debt of Asia-focused Standard Chartered, confident in the lender's ability to continue improving the strength of its balance sheet and asset quality, while maintaining "robust" funding and liquidity profiles.
Sir William Wells steps down as Restore chair
Office services provider Restore announced on Tuesday that Sir William Wells has advised the board that he will retire as chairman on 31 December, and step down from the board following the release of its full year results on 13 March next year.
FairFX to launch multi-currency business account
Electronic banking and international payments group FairFX announced the launch of its multi-currency business current account ‘Fair Everywhere’ on Tuesday, marking its first step into the small-to-medium enterprise banking sector since its acquisition of CardOne earlier in the year.
Tlou makes progress at Lesedi and Mamba
Botswana-focussed coalbed methane energy developer Tlou Energy updated the market on the progress of its 2D seismic program and core-hole drilling operations at its Lesedi and Mamba coalbed methane projects on Tuesday.
Airbus teams up with Rolls-Royce and Siemens to develop electric aircraft
Airbus, Rolls-Royce and Siemens announced on Monday that they would be combining forces to develop technology required to manufacture electrically-powered aeroplanes.
Giles Willits takes top finance job at IG Design Group
Designer and manufacturer of celebration, gifting, stationery and creative play products IG Design Group announced the appointment of Giles Willits as its chief financial officer on Tuesday.
Hummingbird to sell single mine origin gold coins
Hummingbird Resources announced on Tuesday that, in line with the imminent commencement of gold production from its Yanfolila Gold Mine in Mali, it will be producing single mine origin pure gold coins, originating from Yanfolila, called the ‘1oz Hummingbird’.
WPP in talks with Ford about extending marketing contract
UK advertising giant WPP expects to extend its contract with the Ford Motor Company after being "verbally informed" of the car company's intentions overnight.
GCP Infra enters £90m agreement with the Royal Bank of Scotland
UK-listed fund company GCP Infrastructure has agreed an increase to its revolving credit facility.
Primorus Investments to invest £675,000 in WeShop
Primorus Investments is to make a further £675,000 equity investment in WeShop on a fully-diluted valuation to the tune of approximately £30m to grow user acquisition and engagement on the platform, it announced on Tuesday.
Bank of England stress test 'raises questions' about dividend returns
The Bank of England said none of the seven high street banks needs to strengthen its capital position as a result of its stress tests, though it will require them to hold extra capital as Brexit nears.
Royal Dutch Shell confirms return of cash dividend, carbon footprint plans
Royal Dutch Shell will begin paying a cash dividend again in the fourth quarter of this year as a strategy update from the oil giant saw cash flow targets and pledge to continue cutting debt.
Secondary ticketing sites face crackdown over breaking consumer laws
Secondary ticketing sites are to face increased scrutiny from the Competition & Markets Authority following an investigation into the sector.
Sports Direct close to buying Brixton Market - report
Sports Direct International boss Mike Ashley is eyeing a £30m deal to buy Brixton Market in south London, according to a report on Tuesday.
Cambridge Cognition sees success in Cognition Kit pilot study
Digital neuroscience company Cambridge Cognition Holdings has released positive results from a pilot study to evaluate cognition and mood using wearable technology, in patients with major depressive disorder, at the 2017 International CNS Summit in Boca Raton, Florida.
Accesso Technology wins three major awards
Leisure, entertainment and cultural technology provider Accesso Technology Group highlighted a number of recent award wins in an update on Tuesday, in recognition of its technology, its impact on the end-markets it serves, and on its growth track record as a firm.
Unilever moving closer to unifying shares but no decision on HQ location
Unilever said it has yet to make a decision on its Anglo-Dutch corporate structure, but is moving towards unifying its two classes of share into a single class.