Company News
IG Design Group acquires Aussie greetings card maker Biscay
Gift manufacturer IG Design Group has acquired Australian greetings card business Biscay Greetings via its joint venture Artwrap for A$8. 9m in cash.
Morrisons enjoys barnstorming Christmas as wholesale rolls out
Supermarket group Morrisons reported on a much stronger than expected Christmas period, boosted by the roll-out of its new wholesale operations.
Unite reports solid portfolio valuation rises
Student housing company Unite Group on Tuesday said its UK Student Accommodation Fund value was £2. 23bn at December 31, an increase of 2. 5% for the quarter and 5. 6% year-on-year.
Purplebricks appoints Lee Wainwright as head of UK operations
AIM-listed hybrid estate agent Purplebricks has appointed Lee Wainwright as chief executive officer of its UK operations with immediate effect.
BGEO signs car insurance distribution deal with Liberty Bank
Georgia-based BGEO Group said its Aldagi property and casualty insurance subsidiary had signed a partnership deal with JSC Liberty Bank to sell motor third party liability policies through its branches.
SIG sees full year in line with expectations after forex boost
European building products supplier SIG said 2017 like-for-like revenues were up 4%, in line with expectations.
Just Group slumps as Permira sells 5% stake
Shares in Just Group slumped on Tuesday after European private equity firm Permira sold 50m shares in the retirement specialist at 157p each in a placing that represents a stake of around 5. 3%.
Hastings chairman Fairey to retire in May, Toby van der Meer to take over as CEO
Insurer Hastings said on Tuesday that Mike Fairey has decided to retire as chairman and will step down from the board in May, while Toby van der Meer will take over as chief executive officer.
BAT sees 6% boost to 2018 earnings from US tax cut
Cigarette maker British American Tobacco said 2018 earnings would get a 6% boost from the recent US tax cuts “supporting our commitment to high single digit earnings growth and increased investment in the roll out of next generation products”.