Company News
Melrose presses GKN offer as Corbyn ramps up political pressure
Melrose Industries pressed the case for its £7. 4bn bid for GKN as Jeremy Corbyn increased the political pressure over the turnaround company's proposed hostile takeover.
Synectics posts top results in pearl anniversary year
Surveillance technology design, integration, control and management company Synectics reported its audited final results for the year ended 30 November on Tuesday, with revenue ahead slightly at £70. 1million, compared to £70. 9m in 2016.
Lighthouse Group sees good growth in revenue and earnings
National financial adviser Lighthouse Group announced its final audited results for the year ended 31 December on Tuesday, with revenues up 13% to £54m.
Frontera Resources makes significant encounters at Taribani Complex
Europe-focussed independent oil and gas exploration and production company Frontera Resources Corporation announced on Tuesday that T-45 - the first well of current three-well drilling program at its Taribani Complex of Block 12 in Georgia - has now been drilled to a target depth of 2700m in the Eldari Formation.
ECR Minerals reports good progress on Victoria gold exploration
ECR Minerals update the market on its gold exploration in central Victoria, Australia on Tuesday, which is being carried out by its wholly owned Australian subsidiary Mercator Gold Australia.
Bonduelle buys Del Monte rights in Canada from Conagra
Bonduelle announced on Tuesday that it has signed an agreement with the New York-listed Conagra Brands, to acquire its Del Monte processed fruit and vegetable business in Canada.
TRIG portfolio tops £1bn as NAV rises
Renewable energy investor Renewables Infrastructure Group saw profits beat expectations in its most recent fiscal year, as pre-tax profits rose by a third due to significant new investments made throughout 2017.
Grainger hires Mike Keaveney as land and development director
Grainger has appointed Mike Keaveney as the residential landlord’s director of land and development.
Mosman study indicates 'attractive economics' at Texas well project
Mosman Oil & Gas informed investors that a pre-feasibility study had identified “attractive economics” at its Welch horizontal well in Texas.
Intercontinental Hotels profit, RevPAR rise but no additional capital to be paid out
InterContinental Hotels reported a jump in full-year profit on Tuesday but said it will not be paying out any additional capital this year as it looks to reinvest savings in growth.
Fox increases news commitments to seal Sky deal
21st Century Fox has strengthened its commitments to investment in Sky's UK news channel in a bid to secure a takeover of the European cable network.
Dunelm dives as profits decline and CFO departs
Dunelm's profits dipped in the first half of the year and homeware retailer said chief financial officer Keith Down will leave the company in June.
Petards secures £1.5m contract with MoD
Petards, an AIM-listed developer of advanced security and surveillance systems, has been awarded a £1. 5m contract from the UK Ministry of Defence to provide communications equipment and services.
Bodycote enters into long-term agreement with Safran
Bodycote, a FTSE 250 provider of heat treatment and specialist thermal processing services, has entered into a long-term agreement with France's Safran for manufacturing services.
Powerhouse Energy signs MOU with hydrogen-powered bus maker
Waste-to-energy firm Powerhouse Energy announced a partnership memorandum of understanding with hydrogen-powered bus manufacturer Wrightbus, which the firm expects will lead to it supplying the bus maker with its Distributed Modular Gasification system for the low cost and environmentally responsible production of hydrogen.
BHP Billiton declares bumper dividend but productivity disappoints
BHP Billiton declared a bumper dividend after rising commodity prices drove strong profit growth in the first half of the miner’s financial year.
William Hill fined £6.2m for failures in money laundering, social responsibility
Bookmaker William Hill has been forced to pay £6. 2m in fines by the Gambling Commission for "systematic social responsibility and money laundering failures".
Siggi Olafsson installed as new CEO at Hikma
Hikma Pharmaceuticals announced on Tuesday that its board has appointed Sigurdur ‘Siggi’ Olafsson as its chief executive officer.
Vodafone launching new drone safety technology trials
Vodafone announced the start of trials of what it claims is the world's first air traffic control drone tracking and safety technology on Tuesday.
Wood Group wins five-year engineering services contract
Wood Group said on Tuesday that it has won a strategic five-year engineering services contract at an Australian gas export project.