News And Announcements
Next week’s British Airways strikes called off
British Airways pilots have called off a strike scheduled for 27 September.
Cenkos Securities hit by 'weak' first half
Cenkos Securities has warned on annual revenues following a "weak" start to the year.
Warehouse REIT buys eight assets from Aviva Investors
Specialist warehouse investor Warehouse REIT announced the purchase of an eight asset fully-let portfolio of reversionary warehouse and distribution assets from Aviva Investors on Wednesday, for £70m.
Salt Lake Potash upbeat on 'outstanding' pilot plant results
Salt Lake Potash has completed the pilot plant test work of the Lake Way salts at the Saskatchewan Research Council, it announced on Wednesday, with the test work yielding a premium sulphate of potash (SOP) product that was “highly water soluble” with a 53% potassium oxide grade.
Kodal Minerals makes solid progress on lithium and gold projects
Mineral exploration and development company Kodal Minerals updated the market on its recent activities on Wednesday, reporting that at the Bougouni Lithium Project, the site visit to the San Pedro Port in Côte d'Ivoire had been completed.
Landore Resources raises £0.47m as it expands exploration programme
Landore Resources has raised gross proceeds of £0. 47m through a subscription of 64,827,586 new ordinary shares at a price of 0. 725p each, it announced on Wednesday, with certain existing shareholders.
Equatorial Palm Oil confirms first export shipment from Buchanan
Liberia-focussed palm oil development and production company Equatorial Palm Oil confirmed the first export shipment of crude palm oil from the port of Buchanan on Wednesday.
Eagle Eye expands down under with New Zealand retailer deal
Real-time marketing technology provider Eagle Eye Solutions Group announced a new three-year contract with an unnamed “leading” New Zealand retailer on Wednesday.
FedEx slumps after downgrading earnings guidance
FedEx shares slumped in pre-market trade on Wednesday after the US shipping company posted a drop in first-quarter earnings and downgraded its guidance for the year, pointing to weakening global economic conditions and higher costs.
First-quarter profits rise at General Mills despite sales fall
Shares in General Mills eased in pre-market trading after the US food giant missed first-quarter sales estimates.
Eddie Stobart confirms expression of interest from Andrew Tinkler's TVFC
Eddie Stobart Logistics confirmed on Wednesday that it has received a "highly preliminary" expression of interest from TVFC, a company controlled by former Stobart Group boss Andrew Tinkler, that could include an offer for the struggling logistics group.
Lloyd's of London sees profits surge
Lloyd’s of London has reported a surge in interim profits, boosted by bumper investment gains.
Avation inks four-aircraft deal with Braathens Regional Airways
Commercial passenger aircraft leasing company Avation has signed 10-year leases with Braathens Regional Airways for four new ATR 72-600 aircraft, it announced on Wednesday.
Cello Health reports positive momentum as it works on US market
Healthcare-focussed advisory firm Cello Health reported a 6. 8% improvement in net revenue to £54. 5m in its half-year results on Wednesday, with its like-for-like constant currency net revenue growth standing at 4. 5%.
Velocys narrows operating loss as it works to deliver on projects
Sustainable fuels technology company Velocys reported a fall in revenue to £22k, from £0. 39m year-on-year, in its interim results on Wednesday.
Cobham's £4bn US takeover faces national security investigation
The Competition and Markets Authority (CMA) will investigate national security implications of Cobham's £4bn takeover by American private equity firm Advent International.
Pendragon swings to first-half loss, to cut 300 jobs
Car dealer Pendragon said on Wednesday that it swung to a loss in the first half in "challenging" markets as it scrapped its dividend, sounded a downbeat note on the outlook and announced the loss of around 300 jobs.
Brexit worries, France hit Kingfisher interims
Half year profits at DIY retailer Kingfisher fell on Brexit worries and the move to a low-price strategy at its French Castorama business as the company warned of a “mixed” full-year outlook.
Great Portland Estates agrees flexible office partnership with Knotel
Property development and investment firm Great Portland Estates has inked an office partnership agreement with flexible workspace provider Knotel across 82,000 square feet at City Place House in East London.
AstraZeneca takes control of Linzess collaboration with Ironwood
AstraZeneca confirmed on Wednesday that it will take on responsibility for the development, manufacture and commercialisation of Linzess in China, Hong Kong and Macau after amending an agreement with Ironwood Pharmaceuticals.