News And Announcements
GVC chairman said to be leaving just days after £6m stake sale
Ladbrokes owner GVC Holdings was said on Friday to be preparing for the departure of chairman Lee Feldman, just days after he sold off a £6m stake in the company.
FireAngel Safety Tech inks smoke detector deal in Scotland
Home safety products supplier FireAngel Safety Technology Group announced on Friday that it is to supply smoke and heat alarms to a further housing association in Scotland.
Sainsbury's and Asda offer to sell up to 150 stores
Sainsbury and Asda have to offered to sell between 125 and 150 supermarkets, plus a number of convenience stores and petrol stations, to another grocery rival or a new entrant in a bid to persuade authorities to allow their merger.
i3 Energy contracts Gardline for drilling programme site survey
Independent oil and gas company i3 Energy has contracted Gardline to conduct a site survey for its 2019 and 2020 drilling programme, plus the pipeline route for its Liberator Phase I development, it announced on Friday.
Thomas Cook closes 21 stores to focus online
Thomas Cook on Friday announced plans to close 21 stores and make 320 retail staff redundant as it refocuses on its online presence.
Robinson rallies as profits rise, outlook upbeat
Rigid plastic and paperboard packaging company Robinson reported an 8. 7% jump in 2018 pre-tax profit on Friday, thanks in part to tighter control of operating costs, as it struck an upbeat note on the outlook for this year.
Costain to deliver 'major improvements' to A19 road
Infrastructure solutions company Costain has been appointed to deliver “major improvements” on the A19 road for Highways England, it announced on Friday, as part of the government-owned company’s ‘Regional Investment Programme’.
Oxford Instruments to kit out new high-tech Beijing laboratory
Industry and research technology supplier Oxford Instruments has won a global tender to supply cryogenic equipment to the Institute of Physics-Chinese Academy of Sciences (IOIP-CAS) - a research institute in the fundamental study of condensed matter physics.
Reabold Resources moves closer to earn-in at Monroe Swell
Reabold Resources announced on Friday that Integrity Management Solutions (IMS) has started drilling operations at the Burnett 2B well within the Monroe Swell field, onshore California, in which the company expected to earn a 50% equity interest.
Symphony International backs partial management buyout of Vietnam freight firm
Symphony International Holdings announced on Friday that it has, through a wholly-owned subsidiary, entered into a structured transaction to provide funds to Su Misura - a company owned by the management of Vietnam-based Indo Trans Logistics Corporation.
Solo Oil talks up new acquisitive growth strategy
Solo Oil updated the market on its strategy on Friday, reporting that under the stewardship of its recently appointed and experienced board, it was seeking to assemble a “balanced, full lifecycle” portfolio comprised of production, development and exploration assets that provided a sustainable path for growth.
Dev Clever releases consumer incentive platform for Oracle EPOS
Consumer engagement and ‘gamification’ product developer Dev Clever announced on Friday that its new integrated electronic point-of-sale (EPOS) application for the ‘Engage’ platform was now available for release.
Toople sees record new customer numbers as it focuses on SMEs
Business telecoms provider Toople reported “tremendous progress” in recent months, it said on Friday, with shareholders being told that recent strong growth proved its strategy was working.
Royal Mail appoints BA veteran Keith Williams as chairman
Royal Mail said on Friday that it has appointed current deputy chairman and British Airways veteran Keith Williams as its new chairman with effect from 22 May.
Henry Boot revenue and earnings fall as it gears up for Brexit
Property investment, development and construction company Henry Boot reported revenue of £397. 1m in its final results on Friday, which was down from £408. 5m year-on-year.
Bank of Georgia prices $100m offering in bid to hedge against dollarisation
Bank of Georgia announced on Friday that its operating subsidiary, JSC Bank of Georgia, has successfully priced an inaugural $100m offering of 11. 125% additional Tier 1 capital perpetual subordinated notes.
EasyJet ready to suspend voting rights in wake of no-deal Brexit
EasyJet said on Friday that it was ready to activate its Brexit contingency plan of suspending shareholders' voting rights in respect of a small number of shares on a last in first out basis, given it still had not reached the 50% plus one share of EU ownership it required.
RPC suitor Berry says offer is final
Berry Group has said it will not make a higher takeover offer for RPC Group unless the UK plastics manufacturer receives a better bid from someone else.
Smiths Group profits fall 2%, plans IPO of Medical arm in 2020
Smiths Group reported a decline in first-half profits and said it aims to demerge and float its medical devices arm by the middle of next year.
Senior selected by Saab to work on Boeing pilot training system
Senior, a manufacturer of high technology components and systems, said on Friday that its aerospace division has been selected by Saab to supply components for the Boeing's T-X advanced pilot training system.