Company News
Thursday preview: US data in focus
The focus of Thursday's session will be on a barrage of economic data due out Stateside ahead of the long holiday weekend, amid an otherwise largely barren calendar.
Shire files for FDA approval for Georgia plasma manufacturing site
Specialty biopharmaceutical company Shire has filed its first submission to the US Food and Drug Administration for a new plasma manufacturing facility in Covington, Georgia, which is expected to add around 30% capacity to the company’s internal network once fully operational.
Vedanta unit buys into LCD glass maker AvanStrate
Vedanta Resources said its Cairn India subsidiary agreed to pay $158m for debt and a majority stake in AvanStrate, a Japanese maker of glass for LCD devices.
TRIG pays £80m for first offshore wind farm investment
Renewables Infrastructure Group (TRIG) has paid £80m for a 14. 7% stake in the Sheringham Shoal offshore wind farm in the North Sea.
UK Oil & Gas shares fall after discouraging tests
UK Oil & Gas Investments (UKOG) lost a quarter of its value after it said a zone at its Weald Basin operation was probably not viable.
Barclays post-tax profit to take £1bn hit from US tax changes; future earnings to see positive impact
Barclays said on Wednesday that annual post-tax profit will be hit by a one-off charge of around £1bn as a result of the changes to US tax laws that kick in in January, which include a reduction in the corporate income tax rate to 21% from 35%.
D4T4 Solutions announces new contract wins in key vertical sectors
AIM-listed data solutions provider D4T4 Solutions announced on Wednesday a number of new contract wins in its data management and data collection business areas.
Gresham House sells final significant legacy asset for £2.1m
AIM-listed specialist alternative asset manager, Gresham House, has exchanged contracts with housebuilder and urban regeneration partner Countryside Properties for the sale of its five-acre site at Newton-le-Willows for a gross value of £2. 1m, with completion expected in early 2018.
DFS buys some stores and assets from collapsed Multiyork for £1.2m
DFS Furniture has bought some of the store leases, assets and intellectual property of collapsed retailer Multiyork Furniture, primarily for Sofa Workshop, for a total consideration of £1. 2m.
Shell expects to gain from Trump's US tax changes
Royal Dutch Shell said it expects changes to US tax law to benefit the company and its US operations.
3i Infrastructure takes control of Wireless Infrastructure Group
3i Infrastructure has agreed to spend £186m to take ownership of Wireless Infrastructure Group alongside its management.
Ascential buys Clavis for up to $219m
Business-to-business information company Ascential has bought e-commerce analytics group Clavis Insight for up to $219m.
IWG confirms takeover approach from Canada's Brookfield and Onex
FTSE 250 flexible office space provider IWG noted recent press speculation on Wednesday and confirmed that it has received an indicative proposal from funds managed by affiliates of Canada's Brookfield Asset Management and Onex Corporation regarding a possible cash offer for the company.
Great Portland Estates to sell 30 Broadwick Street for £190m
Great Portland Estates has exchanged contracts to sell 30 Broadwick Street to a client of Savills IM for a headline price of £190m, with completion scheduled for January.