News And Announcements
David Crosby sells music catalogue to Iconic Artists Group
David Crosby has become the latest major artist to sell his music and catalogue, as he blamed the inability to perform live during the Covid-19 pandemic.
Barratt Developments CFO Jessica White to step down
Barratt Developments said on Thursday that Jessica White will step down as chief financial officer on 30 June for personal reasons and leave the housebuilder at the end of July.
Tracsis awarded new contracts with large American transit agency
Transport-focussed software, hardware and data analytics company Tracsis has been awarded new contracts for the supply of remote conditioning monitoring (RCM) hardware and software to an unnamed North American transit agency, it announced on Thursday.
Morses Club performs 'resiliently' in 2020
Non-standard financial services provider Morses Club said on Thursday that it performed “resiliently and profitably” in the year ended 27 February, accelerating its digital strategy in response to the Covid-19 pandemic.
Deutsche cuts Weir to 'hold' after results disappoint
Deutsche Bank downgraded Weir Group to 'hold' after disappointing orders and no dividend announced at its recent results.
Deliveroo opts for London IPO after listing rules review
Deliveroo has chosen London for its initial public offering after a review of listing rules recommended allowing founders to retain greater control after a company has floated.
Apple faces UK competition inquiry
The UK's competition regulator has launched an investigation into Apple's terms and conditions for app developers to list on its App Store.
JP Morgan backs Whitbread, downgrades InterContinental
JP Morgan Cazenove has upgraded Whitbread and downgraded InterContinental Hotels Group following a review of European hoteliers.
Wetherspoons to reopen nearly 400 pubs from 12 April
JD Wetherspoon has confirmed its pub estate will start to reopen from 12 April, after the government published its roadmap out of lockdown.
'Light at the end of the tunnel' as Revolution plans reopening of bars
Revolution Bars is to begin reopening its estate from 12 April, the Aim-listed operator said on Thursday, as it confirmed it had enough cash to survive until lockdown restrictions were lifted.
Sage unveils £300m share buyback
Sage is planning to buy back up to £300m of its own shares using the proceeds of recent disposals to return cash to shareholders.
BAE Systems acquires electronics developer PPM
BAE Systems announced the acquisition of high-end electronics developer and manufacturer Pulse Power and Measurement (PPM) on Thursday, on undisclosed terms.
AB Dynamics acquires Vadotech Group for EUR 26m
Testing systems and measurement products supplier AB Dynamics has completed the acquisition of Vadotech and Zynit, collectively known as Vadotech Group, for total cash consideration of up to €26m (£22. 46m), it announced on Thursday.
Proton Motor Power order intake improves sixfold in 2020
Proton Motor Power Systems reported a near-sixfold improvement in its order intake for 2020 on Thursday, to £7. 3m.
UK construction returns to growth as confidence builds
The UK construction industry returned to growth in February as an increase in commercial building helped offset a slowdown in housing, a survey showed.
Spire Healthcare cautiously optimistic as revenues beat forecasts
Spire Healthcare posted better-than-expected results on Thursday, after self-pay revenues increased in the second half.
Hunting swings to underlying loss amid oil market downturn
Hunting reported a fall in revenue to $626m (£449. 48m) in its full-year results on Thursday, from $960m in the prior year, as it suffered from a reduction in oil and gas activity globally in 2020.
Rathbone Brothers hails strong investment performance as FUMA rise
Investment manager Rathbone Brothers hailed a strong investment performance on Thursday as it reported a jump in full-year funds under administration and profit.
Galliford Try returns to profit, resumes dividend
Galliford Try reported revenue of £542m in its first half on Thursday, down from a pre-exceptional £636m in the first half of 2019.
Synthomer posts record profits as Covid-19 drives elastomer demand
Synthomer reported a 12. 8% rise in its underlying group revenue at constant currency in its preliminary results on Thursday, to £1. 64bn, as its volumes rose 11. 8% to 1,638. 2 kilotonne equivalents.