News And Announcements
Financial services sector reports slide in business volumes - survey
Business volumes across the financial services sector have tumbled at the fastest rate on record, research published on Tuesday showed.
FRC tells 'Big Four' accountants to split accounting and auditing operations
Regulators have told the UK's 'Big Four' accounting firms that by June 2024 they must separate their accounting and auditing arms.
Altus Strategies upbeat on Diba resource estimate
Mining investment company Altus Strategies released the results of an independent mineral resource estimate at its wholly-owned Diba gold project in Mali on Monday.
Urban Logistics reports strong rent collection for September quarter
Specialist property investor Urban Logistics announced on Monday that 98% of rent due for the quarter to September had been collected.
Hardman & Co. says ICG Enterprise Trust's discount to NAV 'anomalous'
Analysts at Hardman&Co. initiated coverage on FTSE-250 listed private equity investor ICG Enterprise Trust on Monday, telling clients that it was "anomalous" that a firm with a consistent record of outperformance should be trading at only two-thirds of its net asset value.
Sound Energy renegotiates Anoual permits
Morocco-focussed upstream gas company Sound Energy has concluded a re-negotiation of the terms of its Anoual exploration permits with Morocco's National Office of Hydrocarbons and Mines (ONHYM), it announced on Monday.
Croda to buy US-based Avanti for up to $260m
Chemicals company Croda International has agreed to buy Avanti, a company specialising in the development and production of high-purity polar lipids used in next-generation drug delivery technology and vaccines, for as much as $260m.
Uber to buy Postmates for $2.65bn
Uber Technologies confirmed on Monday that it has agreed to buy food delivery start-up Postmates for around $2. 65bn in all-share deal.
888 extends iGaming contract with Delaware Lottery
Online gambling company 888 Holdings said on Monday that it has extended its exclusive iGaming contract with the Delaware Lottery for a further two years.
RBC downgrades Energean, shares slide
RBC Capital Markets has downgraded Energean on valuation concerns, sending shares in the Mediterranean-focused energy firm lower.
Eddie Stobart Logistics's full-year losses balloon, but chairman optimistic
Eddie Stobart Logistics posted a huge increase in its full-year loss before tax even as management tried to draw a line under past accounting shortfalls and sounded a confident note on the firm's finances and outlook.
Mobile Streams joint venture launching SaaS platform
Mobile Streams announced on Monday that it is launching, under the terms of its existing joint venture with Krunch, a software-as-a-service (SaaS) insight platform.
Next part of tumour trial begins for 4D Pharma
Biotherapeutics developer 4D Pharma has begin the treatment of the first patients in part B of its phase 1 and 2 clinical trial of ‘MRx0518’ in combination with immune checkpoint inhibitor ‘Keytruda’, or pembrolizumab, it announced on Monday, in patients with acquired resistance to prior immune checkpoint therapy.
Gunsynd raises £0.47m to progress its investments
Gunsynd has raised £0. 47m through the placing of 71,538,462 new shares, it announced on Monday, at a price of 0. 65p each.
Strong online performance sees Ultimate Products raise expectations
UP Global Sourcing, trading as Ultimate Products, released an unscheduled trading update on Monday, reporting that since its previous update on 8 June, the invoicing and delivery of its order book had continued to progress “at a good pace”.
New car registrations fall as UK sector reopens
The number of new car registrations fell by over a third in June, industry data showed on Monday, as the UK market tentatively restarted.
Petropavlovsk investors seeks reappointment of ousted directors
Petropavlovsk major shareholder Prosperity Capital Management (PCM) has notified the Russian miner that it intended to call a general meeting to consider the election of directors who were ousted at the annual meeting last month.
Pret A Manger to shut 30 shops and cut 1,000 jobs
The Pret A Manger sandwich chain is closing 30 shops and planning 1,000 job cuts to deal with reduced demand and restrictions caused by the Covid-19 crisis.
Target Healthcare reports strong rent collection, buys Bicester home
Care homes investor Target Healthcare said on Monday that 96% of the rent payable for its most recent quarter had been collected, after allowing for monthly-in-advance agreements for “a limited proportion” of the 71 operational locations in its portfolio.
Boohoo to investigate alleged illegal practices at supplier
Fast-fashion retailer Boohoo said on Monday that it will investigate alleged illegal practices at a supplier in Leicester following reports that workers were being paid well below the minimum wage.