News And Announcements
Xaar's trading meets expectations despite revenue dip
Xaar reported on Monday that trading remains in line with expectations, though it anticipates interim revenues will drop when compared to a year ago.
BP solar unit searches for 'most reflective grass' to boost energy output
BP’s solar subsidiary Lightsource is conducting experiments with “bi-facial” panels to catch reflected light off the ground.
Braveheart takes one-third stake in Nottingham Trent spin-out Pharm2Farm
Fund management and strategic investor group Braveheart has acquired a 33% holding in Pharm2Farm (P2F), a spin-out from Nottingham Trent University based in Nottingham, it announced on Monday.
GVC Holdings insists it has no further links to the Turkish market
Ladbrokes and Coral operator GVC Holdings insisted on Monday that it has no further links to the Turkish market following the sale of its business there back in 2017.
BlueRock Diamonds breaks production records in second quarter
BlueRock Diamonds, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, announced its record production in its second quarter production update on Monday.
Science Group accuses Frontier Smart Tech of 'frustrating' its takeover offer
Science Group updated the market on its ongoing takeover bid for Frontier Smart Technologies on Monday, following the latter’s announcement on Friday that suggested the “alternative approach” it was investigating with an unnamed third party could result in a joint venture, but were now “unlikely [to] result in an offer” for Frontier.
M&G Real Estate drops legal action against Debenhams
M&G Real Estate has withdrawn its legal challenge to Debenhams’ restructuring plans, it was announced on Monday.
Condor Gold raises more than £4m for development at La India
Condor Gold announced a placing of 20,192,520 units at a price of 20p each, including a directors' and chief financial officer’s subscription of 6,350,000 units, to raise gross proceeds of approximately £4. 039m on Monday.
Tesco to open 750 new stores in Thailand
Tesco is to dramatically ramp up its presence in Thailand, one of its most successful overseas markets, by opening 750 new stores.
ASOS said to be considering head office job cuts
Online fashion retailer ASOS is said to be preparing to cut jobs amid slowing sales and falling profits.
Lidl UK expansion plans ramp up with Scottish push
Lidl is stepping up its UK expansion plans with 12 new stores in Scotland, the German discounter announced on Monday.
Real Estate Investors defies market with portfolio performance
Midlands commercial real estate investment trust Real Estate Investors updated the market on its trading for the six months ended 30 June on Monday, reporting that its 1. 53 million square foot portfolio was 96. 2%, up from 92% year-on-year, with it currently generating an annualised contracted rental income of £17m, up 9%.
Block Energy lays out ambitious 2019-2020 drilling programme
Block Energy confirmed that drilling and workover equipment had been secured for its 2019-2020 back-to-back drilling programme on Monday.
SDX Energy making good progress in at South Disouq and in Morocco
SDX Energy updated the market on Monday, reporting that the development of South Disouq, where it is the operator and holds a 55% working interest, was continuing on schedule and on budget.
Imperial Brands revises dividend policy, announces £200m share buyback
Imperial Brands announced a share buyback worth up to £200m on Monday as it said it was revising its dividend policy.
IAG's British Airways faces £183m data breach penalty
IAG confirmed on Monday that its British Airways airline faces a proposed penalty notice of £183. 4m from the UK Information Commissioner's Office (ICO) due to the theft of customer data from its website last year.
Symphony picks up minority stake in Vietnamese freight firm ITL
Symphony International Holdings has, through a wholly-owned subsidiary, acquired a “significant” minority stake in Vietnam-based Indo Trans Logistics Corporation (ITL), it announced on Monday.
Integumen sees decent results from digitisation strategy
Integumen updated the market on its post-first half trading on Monday, reporting that the positive results of its major restructuring in the second half of 2018 had delivered accelerated growth in product sales and service contract services across the group into the first half of 2019, with a continuation of that growth expected in the second half.
Marston's said to be prepping sale of Pitcher & Piano
Marston’s has reportedly appointed Sapient Corporate Finance to evaluate a potential sale of its Pitcher & Piano chain, which consists of 18 bars with an estimated value of £40m.
Alien Metals hires Bill Brodie Good following resignation of CEO
Exploration and development company Alien Metals announced the appointment of Bill Brodie Good as an executive director with immediate effect on Monday, following the resignation of Peter Taylor from his role as chief executive officer and a director.