COMPANY NEWS
12 Feb
rio tinto coal mine mining commodities
S&P upgrades Rio Tinto's long-term debt rating to 'A'

Standard&Poor's upgraded its rating on Rio Tinto's long-term debt from 'A-' to 'A', saying that supportive commodity prices and the company's focus on costs and productivity likely meant its operational performance would remain robust.

12 Feb
Gold bars
Wishbone's Thai entity delivers the goods

A new Thai entity has been established by Wishbone Gold and has successfully delivered its first shipment to Dubai.

12 Feb
big data
Proxama losses persist but costs slashed for 2018

Mobile location and data intelligence company Proxama have announced a sizeable increase in revenue but are still taking heavy losses.

12 Feb
ep aviontui fly
Tuesday preview: UK inflation could surprise, Tui flies in with first quarter

Tuesday's business agenda includes UK inflation numbers, quarterly results from travel operator Tui and little else.

12 Feb
coins currency investment insurance business finance company
Reach4entertainment divisions sign deals with Miroma Group

Transatlantic media and entertainment marketing company reach4entertainment announced on Monday that its subsidiaries Dewynters and Spot and Company of Manhattan have entered into media buying agreements with Miroma International and Miroma Outcomes.

12 Feb
calculatrice-et-trombones-comptes-entrepreneurs-entreprises-argent-finances-tpe-pme-entreprenariat-finances-banques-startup-business-plan-argent
Active Energy officially opens Utah CoalSwitch plant

Biomass-based renewable energy and forestry management business Active Energy announced on Monday that its first commercial ‘CoalSwitch’ plant in Utah was officially opened on 9 February.

12 Feb
victrex, plastic
Numis downgrades Victrex as FX headwinds emerge, BofA-ML upgrades

Analysts at Numis downgraded their recommendation on shares of polymer manufacturer Victrex from 'add' to 'hold' on Monday, saying that although the company's business model remained "highly cash generative", an impending FX headwind was set to limit the upside in its share price.

12 Feb
Money cash dollars
SafeCharge makes further investment in Nayax

Payments technology company SafeCharge announced a further investment in cashless payment solutions provider Nayax on Monday.

12 Feb
gkn, engineer
Melrose bid for GKN a threat to US national security, warns Unite

Turnaround specialist Melrose Industries' £7bn hostile bid for defence contractor GKN could pose a threat to US national security, according to union Unite.

12 Feb
moneysupermarket
RBC Capital cuts Moneysupermarket on near-term challenges

RBC Capital Markets cut its stance on Moneysupermarket. com to 'sector perform' from 'outperform', chopping the target price to 350p from 425p, saying that while the company's diversified model makes it a winner over the longer-term, the near-term could be more challenging.

12 Feb
BP, oil, gas
BP begins production at offshore Egyptian asset

BP announced on Monday that it had kicked off gas production at its Atoll Phase One asset off the coast of Egypt after completing the project seven months ahead of schedule at just two-thirds of the total costs it had anticipated.

12 Feb
ep software ordenador pc
Proactis sees impressive revenue and EBITDA growth on back of Perfect acquisition

Spend control solutions firm Proactis reported on Monday that it was trading in line to meet management expectations for the full year thanks to a significant growth in revenue and EBITDA over the six months leading to 31 January as a result of its acquisition of Perfect Commerce.

12 Feb
meeting, takeover, talks, bid, merger, acquisition, directors
JKX Oil and Gas appoints Christian Bukovics to board

Exploration and production firm JKX Oil and Gas announced on Monday that it had appointed former Shell vice president of exploration Christian Bukovics as an independent non-executive director.

12 Feb
calculatrice-et-trombones-comptes-entrepreneurs-entreprises-argent-finances-tpe-pme-entreprenariat-finances-banques-startup-business-plan-argent
Cedar Fair extends deal with accesso for five years

Leisure, entertainment, cultural and hospitality technology solutions provider accesso Technology Group announced a five-year extension to its existing agreement with Cedar Fair Entertainment Company on Monday, to provide the ‘accesso Passport’ ecommerce solution across all of its properties.

12 Feb
Money cash dollars
CSRA shares rocket on $9.6bn General Dynamics deal

Shares in government IT business CSRA rocketed in pre-market trade on Monday after it agreed to be bought by General Dynamics for $9. 6bn.

12 Feb
Fox pledges on Sky News independence to win bid clearance

Broadcaster 21st Century Fox has offered to bolster editorial independence at Sky News as it tries to win regulatory backing for its bid to take control of the UK broadcaster.

12 Feb
ep ibm blockchain
African Potash becomes Block Commodities after pivot to blockchain

A small mining exploration company in London has changed its name to Block Commodities as it pivots from fertiliser to blockchain technology.

12 Feb
aldi checkout tills discounters prices inflation
Tesco wants to become one of the LADs

Tesco has hired consultants to look into a possible launch of a discount grocery chain to try and thwart the fast-growing rivals Aldi and Lidl.

12 Feb
tp group maritime
TP Group officially opens new 'Advanced Manufacturing Centre'

Specialist services, consulting and engineering company TP Group announced the official opening of its ‘Advanced Manufacturing Centre’ (AMC) on Monday, at the Dukinfield engineering facility in Greater Manchester.

12 Feb
YouGov logo
YouGov joins blockchain craze with new digital ad platform

Market research and data analytics group YouGov announced the development of a new digital advertising platform, YouGov Direct, on Monday.