News And Announcements
CMA blocks Sainsbury's-Asda merger for the next 10 years
The Competition and Markets Authority has blocked a potential merger between Sainsbury’s and Asda for the next 10 years.
Trafalgar Property Group fails to secure funding for Camberley site
Residential and assisted living property developer Trafalgar Property Group announced on Tuesday that it had not been possible to secure the full funding to acquire its assisted living development site Camberley in the required timeframe.
Orosur Mining confirms start of exploration at Anza project
South America-focussed gold developer and explorer Orosur Mining announced the start of exploration activities with Newmont at the Anzá project in Colombia on Tuesday, and updated the market on the Uruguayan reorganisation process.
Four Shearwater firms awarded places on government procurement framework
Shearwater Group announced on Tuesday that four of its portfolio companies - Geolang, Brookcourt Solutions, Pentest and Xcina - have been awarded a place on the ‘G-Cloud 11’ framework.
Cisco Systems to buy Acacia Communications for $2.6bn
Network gear maker Cisco Systems has agreed to buy optical component maker Acacia Communications for $2. 6bn.
Marriott to 'vigorously defend' £99m fine over huge data breach
Marriott International announced on Tuesday that it has been informed by the UK Information Commissioner's Office (ICO) of its intention to issue a fine of £99. 2m against the company in relation to the Starwood guest reservation database incident.
Hello Kitty owner fined by European Commission
Hello Kitty owner Sanrio has been fined €6. 2m by the European Commission for breaking the bloc's rules on cross-border sales.
Piper Jaffray to buy Sandler O’Neill in $485m deal
Piper Jaffray has agreed to buy Sandler O’Neill + Partners in a $485m deal.
Origin Enterprises strikes disposal deal for land at Cork's South Docklands
Origin Enterprises has reached a conditional agreement for the disposal of up to 31 acres of land owned by the group at Cork’s South Docklands in Ireland to O'Callaghan Properties, it announced on Tuesday, for a cash consideration of up to €47. 5m.
E.ON to supply all UK customers with 100% renewable electricity
Over 3m homes will receive renewable energy from E. ON UK at no extra cost in its biggest green energy switch to date as a response to the climate crisis.
Base Resources transfers operations to new orebody at Kwale
Base Resources has completed the transition of mining operations to the South Dune orebody at its Kwale Operations in Kenya, it announced on Tuesday.
Poor weather continues to dampen summer trading for Young's
Young’s said on Tuesday that the pattern of poor weather which affected trading in the beginning of its financial year had continued through into the summer, with an “inevitable” effect on its performance.
Wincanton confirms September timetable for CEO handover
Wincanton confirmed on Tuesday that its new chief executive officer, James Wroath, would join the business and be appointed to the board with effect from 2 September.
Chariot makes solid development progress across portfolio
Atlantic margin-focussed oil and gas company Chariot Oil & Gas said that the addition of discovered resources in the “significant” Anchois gas discovery at the Lixus Offshore licence in Morocco had “rebalanced” its portfolio as it updated shareholders on Tuesday.
Nintendo confirms partial switch of production out of China
Nintendo is to move part of the production of its bestselling Switch gaming console away from China, it emerged on Tuesday.
Shares in Rémy Cointreau fall as chief executive announces departure
The chief executive of Rémy Cointreau has resigned, the French drinks group confirmed on Tuesday.
Costain to deliver redevelopment of Gatwick Airport station
Infrastructure solutions group Costain said on Tuesday that it has been appointed by Network Rail Southern Region to deliver the £150m redevelopment of Gatwick Airport station.
Ocado interim losses widen after Andover fire
Ocado said on Tuesday that its interim loss widened as the online supermarket dealt with the impact of a fire that damaged property and goods at its Andover distribution centre in February.
Robert Walters Q2 underpinned by international growth as UK profit drops
Recruiter Robert Walters posted a 7% jump in second-quarter net fee income on Tuesday as strength in the international business offset weakness in the UK.
Intu pays down debt as Derby joint venture transaction completes
Intu Properties announced on Tuesday that the conditions for its joint venture for the Intu Derby shopping centre had now been met, and the transaction had completed.