Market Pulse
Capita and Co-Op Bank resolve differences over mortgage deal
Capita and the Co-operative Bank have resolved their differences over claims that the outsourcing firm withheld payments from the bank due to delays as it helped administer mortgages for Capita’s clients, saving over 700 jobs.
Chemring wins US Army contract
Chemring’s US subsidiary, Chemring Sensors and Electronic Systems, has received a contract from the US Army for ten ground penetrating radar trial systems, which will incorporate the group's enhanced detection technology capabilities.
Fidessa fattens up dividend as soft pound boosts sales
With profits strongly boosted by the weak pound, Fidessa declared both a final and a special dividend as the financial software group said the increased headwinds in its markets during the second half of the year had already begun to reduce.
Heineken to buy Brasil Kirin for EUR664m
Dutch brewer Heineken has agreed to buy beer and soft drinks maker Brasil Kirin Holding from Japan’s Kirin Holdings for €664m.
National Express hands c2c keys to Trenitalia
Passenger transport operator National Express announced on Monday that the transaction with Trenitalia over the c2c rail franchise had completed on 11 February, with the Italian state rail operator assuming all responsibility for the franchise’s operations immediately.
Grainger appoints John Kenny as COO
FTSE 250 residential landlord Grainger has appointed John Kenny as its chief operating officer.
Monday newspaper round-up: Rates uproar, Brexit battles, RBS, Laird
Britain’s high streets face losing some of their most popular pubs and restaurants because of big rises in business rates, Philip Hammond has been warned. Companies including the owners of Pizza Express, Greene King pubs, Wagamama, All Bar One and Slug & Lettuce have written to the chancellor to ask him to rethink a plan under which some outlets will be hit with a 42 per cent increase in their rates this year. - The Times.