News And Announcements
HSBC to take $2.3bn hit as it agrees sale of French retail bank
HSBC said on Friday that it has agreed to sell its French retail bank to My Money Group in a deal that will lead to a pre-tax loss of around $2. 3bn.
Sabien Technology appoints new chief scientific officer
Heating, cooling and transportation technology company Sabien announced the appointment of Dr Athan Fox as its chief scientific officer on Friday, effective immediately.
Inchcape FY profit to beat market views after strong first half
Car dealership Inchcape said on Friday that its full-year pre-tax profit is set to be "significantly ahead" of market consensus of £216m after a better-than-expected performance in the first half.
Sitel to buy Sykes Enterprises in $2.2bn deal
Sykes Enterprises has agreed to be bought by Sitel Group in a $2. 2bn deal.
VR Education raises £7.7m for new sales and marketing focus
Virtual reality technology company VR Education announced a successful, oversubscribed placing on Friday, raising £7. 7m.
Zinnwald subsidiary awarded lithium exploration licence in Saxony
Germany-focussed lithium development company Zinnwald announced on Friday that its 50%-owned subsidiary Deutsche Lithium has been granted a five-year exploration licence covering about 225 hectares in the Erzgebirge, or Ore Mountains, region of Saxony.
Inspecs swings to losses amid coronavirus crisis
Eyewear frames designer, manufacturer and distributor Inspecs Group reported group revenue of $47. 4m (£34. 09m) in its final results on Friday, down from $61. 2m year-on-year.
Challenger Energy makes solid progress at Saffron-2
Caribbean and Atlantic-focussed oil and gas company Challenger Energy updated the market on the progress of the Saffron-2 appraisal well, targeting the Upper, Middle and Lower Cruse reservoirs on Friday, with an expectation of production rates in the range of 200 to 300 barrels of oil per day.
European Metals launches American Depositary Share programme
European Metals Holdings announced the appointment of Deutsche Bank as the depositary bank for the issue of its American Depositary Shares (ADS) on Friday.
Drumz reports growing growth for investee's software platform
Technology-focussed investment company Drumz said demand for its investee company Acuity’s proprietary software platform ‘STREAM’ was continuing to grow.
Tesco Q1 group sales slow as Covid restrictions ease
UK supermarket group Tesco reported a small rise in first quarter like-for-like sales, reflecting the lifting of Covid restrictions as more people started to eat out again.
Tremor International prices US public offering
Tremor International announced the pricing of its initial public offering of 6,768,953 American depositary shares (ADS) on Friday, representing a total of 13,537,906 ordinary shares at a public offering price of $19. 00 each.
Hutchmed China launches Hong Kong public offering
Hutchmed China announced the launch of its Hong Kong public offering on Friday, as part of its global offering of 104 million new shares, proposing the primary listing of its ordinary shares on the main board of the Hong Kong Stock Exchange under the stock code ‘13’.
Kerry to sell meats and meals business to Pilgrim's Pride for €819m
Irish food company Kerry said on Friday that it has agreed to sell its consumer foods' meats and meals business in the UK and Ireland to Pilgrim's Pride for €819m.
Telecom Plus revenue, earnings fall as expected
Telecom Plus reported results in line with expectations on Friday, with revenue for its financial year coming in at £861. 2m, down slightly from £875. 8m year-on-year.
Unite sells two properties to joint venture for £342m
Student accommodation provider Unite said it had sold two London properties to its London Student Accommodation joint venture with GIC for £342m.