Company News
Viking expands planned IPO to $1.33bn
Travel company Viking Holdings announced plans on Monday to expand its initial public offering (IPO) in the United States, aiming to raise up to $1. 33bn.
Getir gets out as it exits UK, Europe and US markets
Turkey-based grocery delivery app operator Getir is pulling a planned expansion that will see the loss of 1,500 jobs in the UK, as it also exits Europe and the US.
Director dealings: Marshalls CEO makes share purchase
Marshalls revealed on Monday that chief executive Matt Pullen had acquired 13,439 ordinary shares in the FTSE 250-listed landscaping products manufacturer.
UMB Financial to buy Heartland Financial in $2bn deal
UMB Financial Corporation said on Monday that it has agreed to buy rival Heartland Financial USA in a $2bn all-share deal.
BHP offers $25.7bn settlement for Brazil dam disaster
Mining giant BHP and its Brazilian joint venture partner have submitted a $25. 7bn (£20. 5bn) settlement for the collapse of a tailings dam in 2015 that killed 19 people and devastated the local community.
Itaconix launches two new ingredients
Plant-based polymer specialist Itaconix announced two new ingredients on Monday, designed to enhance the performance of household detergent formulations.
Tuesday preview: Euro area CPI, HSBC in the spotlight
Investors' focus on Tuesday will be on a preliminary reading on euro area consumer prices covering the month of April.
German inflation edges up to 2.4% in April
German inflation registered a slight rise in April as food prices rose while energy costs fell less than expected, according to preliminary data published on Monday.
Gatemore calls on Elementis to replace CEO
Activist investor Gatemore Capital Management said on Monday that Elementis was an attractive company that has "lost its direction" as it called for the chief executive to be replaced.
Blackstone ups bid for Hipgnosis with $1.57bn offer
Music rights owner Hipgnosis said it it agreed terms on a $1. 57bn (£1. 26bn) takeover by private equity investor Blackstone, in the latest tit-for-tat battle with rival Concord.
Luxury giant Puig set to raise €2.6bn in Madrid IPO this week
Puig, the Spanish fashion, cosmetics and fragrance conglomerate that's set to list on the Madrid Stock Exchange this week, has set its initial public offering (IPO) price at the top end of the range at €24. 50 a share.
Zenova inks £2.4m paint supply deal
Fire suppression specialist Zenova Group announced a two-year contract for 200,000 litres of its FP coating on Monday, with Drips and Sparks.
Philips shares soar on $1.1bn DOJ settlement
Koninklijke Philips, the Dutch healthcare giant, has finally reached a settlement with US regulators over a Respironics product recall back in 2021 worth $1. 1bn, causing shares to soar by more than a third on Monday morning.
Image Scan gets first order for new ThreatScan system
Security and industrial screening specialist Image Scan announced an initial order worth £0. 3m from a partner on Monday, for the supply of ‘ThreatScan-AS1’ portable x-ray systems as part of a framework contract secured by the partner with a European Ministry of Defence organisation.
Frasers to repurchase up to 10m shares in new buyback programme
Sports Direct owner Frasers Group launched a new share buyback programme on Monday, with the business set to repurchase up to £80. 0m worth of ordinary shares.
DP Poland reports robust first quarter of trading
DP Poland, the operator of Domino's pizza stores and restaurants in Poland and Croatia, reported a robust first quarter of trading in Poland on Monday, with double-digit sales growth in both delivery and non-delivery channels.
Sondrel achieves tapeout in automotive chip contract
Chip supplier Sondrel announced the successful completion of a significant milestone in its material turnkey ASIC engagement for a tier-one OEM automotive customer on Monday.
Petrofac delays results, says it may need to convert existing debt to equity
Petrofac tumbled on Monday as it announced a delay to the publication of its full-year results and said it may have to convert a significant proportion of its existing debt to equity.
Biome Technologies shares sink as Q1 sales drop 44%
Shares in AIM-listed Biome Technologies plummeted by almost a third on Monday after the bioplastics and radio frequency technology business reported a poor start to the year with first-quarter sales dropping by 44%.
Digital 9 to make additional revolving credit facility repayment
Infrastructure company Digital 9 Infrastructure announced a significant step towards strengthening its financial position on Monday, with the receipt of a deferred consideration payment of $25m (£20m) related to the sale of the Verne Global group, as announced on 15 March.