News And Announcements
Aldi unveils plan to open 100 new stores as annual sales rise
German supermarket group Aldi said it was creating 2,000 jobs and opening another 100 stores across the UK as part of its £1. 3bn plan to grab a larger share of the British grocery market.
IWG mulling possible break-up - report
Shares in IWG sparked on Monday on rumours that the serviced office giant was considering a multi-billion pound break up.
Shares surge as Petrofac bribery probe nears end
Shares in Petrofac jumped on Monday after the oilfield services firm looked to draw a line under a bribery probe by striking a deal with the Serious Fraud Office.
3i Group updates on portfolio ahead of capital markets seminar
Private equity firm 3i Group provided investors with an update on its portfolio on Monday ahead of its capital markets seminar later in the day.
Ethernity raising £4.2m to support 'growing' 5G offer
Ethernet adapter and networking technology company Ethernity is raising £4. 2m, it announced on Monday, to strengthen its balance sheet, support its growing 5G offering, and for general working capital.
Futura Medical inks licensing deal with Labtec Pharma
Transdermal drug delivery technology company Futura Medical has entered into a licensing agreement with Labatec Pharma, a Switzerland-based specialty pharma company focussed on commercialisation in the Europe and Middle East and North Africa (MENA) regions, it announced on Monday.
Goldman lifts year-end Brent crude forecast to $90
Goldman Sachs upped its forecast for year-end Brent crude to $90 a barrel from $80, after prices reached new highs since October 2018.
Rolls-Royce wins £1.9bn B-52 engine contract
Aerospace engineer Rolls-Royce said it had won a £1. 9bn deal to supply parts for the US Air Force’s (USAF) fleet of B-52 bombers for the next 30 years.
Redundancies 'likely' at People's Energy, says administrator
Administrators have been appointed to gas and electricity supplier People’s Energy after it collapsed in the wake of soaring wholesale gas prices, with redundancies 'likely', officials said on Monday.
Rolls-Royce secures €1.5bn ITP Aero sale
Rolls-Royce on Monday said it had secured agreement to sell its ITP Aero division for around €1. 7bn (£1. 5bn) to Bain Capital Private Equity, which is leading a consortium of Spanish and Basque companies.
Shield Therapeutics appoints chief medical officer
Commercial-stage pharmaceutical company Shield Therapeutics announced on Monday that Dr Jose Menoyo is joining its senior executive team as vice-president and chief medical officer, with immediate effect.
Retail footfall rises as workers return to the office
Footfall at UK retail destinations rose last week as workers returned to the office, according to research published on Monday by retail analysts Springboard.
Boohoo publishes global factory list
Boohoo has published details of the 1,100 factories it uses worldwide, as the online fashion retailer looks to boost transparency within its supply chain following last year’s outcry over working conditions.
Renishaw delays FY results, says trading in line
Engineer Renishaw said in Monday that full-year trading was in line with the update provided in and hailed a strong start to the year, as it announced that results for the year to the end of June will be a little delayed.
Bluejay partner Rio Tinto approves further spending in Finland
Greenland and Finland-focussed exploration and development company Bluejay Mining announced the approval and extension of further exploration expenditure by its joint venture partner Rio Tinto Mining and Exploration on Monday, at the Enonkoski nickel-copper-cobalt project in eastern Finland.
Grant Thornton fined £4m over Patisserie Valerie collapse
Grant Thornton has been fined £4m for its role in the collapse of café chain Patisserie Valerie.
Microsaic revenues rise beyond pre-pandemic levels in first half
Mass spectrometry (MS) technology company Microsaic Systems reported unaudited first-half revenues of £0. 5m on Monday, making for a 594% increase over the first half of 2020, and a 52% improvement over the first half of 2019, pre-pandemic.
Elixirr raises expectations again after strong first half
Business management consultancy Elixirr International reported a 77% increase in revenue in its first half on Monday to £24m, with record revenue reported for five of the six months in the period.
Journeo revenue, profits rise despite challenging conditions
Information systems and transport services company Journeo reported a £0. 5m improvement in first-half revenue on Monday, to £7. 2m.
Norman Broadbent remains EBITDA positive in first half
Professional services firm Norman Broadbent reported revenue of £3. 1m in its first half on Monday, down from £4. 43m a year earlier, as its gross profit slipped to £2. 75m from £3. 32m.