News And Announcements
SigmaRoc acquires rest of Welsh quarrying firm GDH
Construction materials company SigmaRoc has acquired the remaining 60% of South Wales-based quarrying group GDH, it announced on Tuesday.
Shanta Gold expands processing capacity at New Luika
East Africa-focussed gold producer Shanta Gold announced the expansion of processing capacity at the New Luika Gold Mine on Tuesday.
Citi cuts price target for easyJet
Citigroup has slashed its price target for easyJet as it reduced full-year forecasts for the low-cost carrier.
Pubs to shut at 10pm as government ramps up Covid-19 restrictions
The government has announced a fresh range of restrictions to be in place for at least six months after the number of Covid-19 cases surged.
Ethernity signs technology deal with Indian manufacturer
Networking technology company Ethernity has signed a contract to provide an Indian telecoms original equipment manufacturer (OEM) with end-to-end system functionality, it announced on Tuesday, to enable up to 360Gbps cell site router (CSR) appliances.
FDA response delays Hikma's generic Advair Diskus
Hikma Pharmaceuticals lowered its guidance for 2020 on Tuesday, following a response letter from the US Food and Drug Administration (FDA) over the abbreviated new drug application for its generic version of GlaxoSmithKline's ‘Advair Diskus’, or fluticasone propionate and salmeterol inhalation powder, it announced on Tuesday.
Iofina refinances its entire debt with US bank agreement
Iodine and specialty Iofina has signed binding documentation to refinance its entire debt, it announced on Tuesday, by entering into a new loan agreement with the Cincinnati-based US regional bank First Financial Bank.
AG Barr cheers investors with resilient first half
Shares in AG Barr fizzed in morning trading, after the owner of Irn-Bru posted a robust set of second-half numbers.
Wetherspoon to cut up to 450 jobs at six airport pubs
Pub chain JD Wetherspoon announced on Tuesday that it would be cutting up to 450 jobs at six airport establishments.
TUI sees cash outflows in final quarter after refund payouts
Travel giant TUI said it continued to anticipate low single-digit hundreds million of cash outflow per month for the final quarter of the financial year after paying out more refunds to customers in August and September.
FCA to ban 'loyalty penalty' for insurance customers
UK insurance companies will be forced to stop ripping off loyal customers and offer premiums at the same rate as new clients under changes proposed by the regulator.
Close Brothers reinstates dividend amid 'resilient performance'
Merchant banking group Close Brothers said on Tuesday that the firm had delivered a "resilient performance" in the year ended 31 July but acknowledged that its outlook was "still uncertain".
OptiBiotix enters new licensing deal with HiLife Vitamins
Life sciences company OptiBiotix Health has entered into a non-exclusive license agreement for ‘SlimBiome Medical’ with HiLife Vitamins & Herbs, it announced on Tuesday.
RWS nets $11.65m from warranty insurance claim
Language, intellectual property support and localisation specialist RWS confirmed receipt of $11. 65m (£9. 09m) following a successful insurance claim on Tuesday.
Revenue and earnings fall in first half for iGas
Onshore oil and gas exploration and production company iGas Energy reported revenues of £10. 5m for its first half on Tuesday, falling from £21. 2m year-on-year.
Inspecs swings to loss in first half amid Covid crisis
Eyewear designer and manufacturer Inspecs Group reported revenue of $16. 7m (£13. 05m) for its first half on Tuesday, down from $30. 4m year-on-year.
Urban Exposure losses widen as it winds down operations
Urban Exposure reported a loss before tax of £24. 1m in its first half on Tuesday, widening from a loss of £0. 3m year-on-year.
Tritax Big Box disposes of three assets
Real estate investment trust Tritax Big Box disposed of three assets on Tuesday for a total consideration of £77. 0m.
Countryside launches new London framework with Sigma Capital
Countryside Properties expanded its strategic relationship with private rental sector provider Sigma Capital, it announced on Tuesday, launching a new London framework.
Euromoney FY profit to top consensus expectations
Euromoney said on Tuesday that pre-tax profit for the year to the end of September 2020 is set to be ahead of consensus expectations, thanks to strong cost management and a robust subscriptions performance.