Market Report
Alba bolsters Horse Hill consulting team with addition of Sue Corrigan
Diversified mineral exploration and development company Alba Mineral Resources announced the appointment of Sue Corrigan as its technical consultant for oil and gas on Wednesday, with immediate effect.
U+I offloads Waitrose site in Ringwood, retains neighbouring units
Specialist regeneration developer and investor U+I announced the sale of the anchor Waitrose store in the Furlong Shopping Centre in Ringwood from its investment portfolio on Wednesday, to IM Properties, for £17. 25m.
Sound Energy share premium account cancellation gets the High Court nod
Morocco and Europe-focussed gas company Sound Energy announced on Wednesday that the cancellation of the share premium account was approved by the High Court of Justice of England and Wales on 13 March.
JZ Capital offloads Paragon Water for $3.7m gain
JZ Capital Partners announced the sale of Paragon Water Systems to residential, office, commercial and industrial water treatment company Culligan Water on Wednesday.
CentralNic confirms talks about combination with KeyDrive
Software platform company CentralNic confirmed on Wednesday that discussions are taking place regarding a potential combination with KeyDrive and its subsidiaries including domain reseller platforms and the corporate registrar BrandShelter.
Block Commodities taking 21pc chunk of South Africa fertiliser firm VIPA
Block Commodities has entered into an agreement to acquire a strategic 21% equity stake in VIPA Holdings, a South African wholesale distributor of fertiliser and speciality plant and animal nutrition products, it announced on Wednesday.
Burford Capital surges as profit jumps 130%
Burford Capital rocketed on Wednesday as the AIM-listed finance and investment management company reported a 130% jump in full-year net profit as income surged.
Versarien and Team Sky to explore uses for graphene in cycling
Versarien has agreed to work with Team Sky on uses for the Aim-listed company's graphene in high performance cycling equipment.
Dignity performs in line as death rate remains flat
Funeral and funeral-related services provider Dignity announced its preliminary results for the 52 weeks ended 29 December on Wednesday, with both revenue and underlying operating profit rising 3% to £324m and £104. 6m respectively.
London open: Stocks in the black as Prudential rallies
London stocks edged higher in early trade on Wednesday, recovering from losses in the previous session when investors were lumped with Trump's sacking of US Secretary of State Rex Tillerson and Philip Hammond's spring statement, with a strong performance from Prudential lending a hand.
Sportech slides as it ends sale talks and warns over FY earnings, current trading
Shares in Sportech tumbled as the company said it had terminated sales talks and that trading in the first few weeks of the current financial year has been "fairly challenging" while full-year earnings are likely to be below expectations, as it announced the appointment of a new chief executive officer.
InterContinental agrees to buy most of Regent Hotels, Morrisons confirms special dividend
London open.
InterContinental to buy 51% stake in Regent Hotels for $39m
InterContinental Hotels has agreed to buy a 51% stake in Regent Hotels and Resorts for $39m in cash, with the right to acquire the remaining 49% interest in a phased manner from 2026.
London pre-open: Stocks seen lower as White House tensions run high
London stocks were set for a downbeat open on Wednesday following negative sessions on Wall Street and in Asia as investors continue to digest President Trump's decision to sack US Secretary of State Rex Tillerson.
Wednesday newspaper round-up: Debt, post-Brexit travel, IoD, Ombudsman
MPs have accused the government of a “deeply regrettable” failure to put in place strong guarantees that the UK’s green investment bank will continue to support renewable energy after its privatisation. The public accounts committee said it was unclear whether the bank would continue to support the government’s energy policy or climate change goals, because the bank’s new owner is not legally bound to stick to its green aims. – Guardian.
US close: Wall Street finishes lower after State Dept shake-up
Wall Street finished lower on Tuesday, following an in-line reading on US consumer prices and as traders digest the White House's decision to replace Secretary of State Rex Tillerson with CIA chief Mike Pompeo.