NEWS AND ANNOUNCEMENTS
Sky, BT and other sports broadcaster should breath easier about keeping hold of football and other TV rights in the short term, says rating agency S&P Global, but further out they are at increasing risk from the big internet firms.
Comptoir, which is behind restaurants Yalla Yalla and Comptoir Libanais, posted a drop in full-year earnings on Monday but said that trading in the year to date has been in line with its expectations.
Capita has confirmed plans for a £701m rights issue to enable it to carry out a new strategy after a "significant deterioration" in new business wins and business volumes that will continue to weigh on profits in 2018.
UK advertisers spent 2. 5% less on traditional advertising methods last year, though half of the top 100 advertisers increased their emphasis on TV, radio, direct mail, outdoor and press.
Double glazing group Safestyle was under the cosh yet again on Monday after another profit warning, as it scrapped its dividend and announced the resignation of its non-executive chairman.
Online gambling and entertainment group Sportech has agreed terms with RBP Luxembourg regarding the disposal of its Dutch business, Sportech Racing BV, for up to €3. 25m.
FTSE 250 shipping services provider Clarkson warned on Monday that both first-half and full-year profits are now expected to be "materially below" the previous year following a number of headwinds in the first quarter.
Flow control manufacturer Rotork surged on Monday after it reported a jump in first-quarter revenue and said it now expects full-year revenue to show mid to high single-digit growth over the previous year.
Morgan Advanced Materials said it has decided to make an exit from the composite and defence systems business as it got off to a stronger start to 2018, with sales growth accelerating in the first quarter.
Glencore’s 74. 4% subsidiary Katanga Mining announced on Monday that its Democratic Republic of the Congo state-owned joint venture partner, La Générale des Carrières et des Mines (Gécamines) in its 75% operating subsidiary Kamoto Copper Company (KCC), has commenced legal proceedings to dissolve KCC.
Mining industry representatives in the Democratic Republic of Congo said on Monday that they are “hopeful” that their current engagement with Civil Society, a member of the Mining Code Revision Tri-Partite group and other key interest groups, would contribute to a “better understanding” of certain issues that needed to be addressed before the country's new mining code was implemented.
Listed infrastructure investment company International Public Partnerships Limited has made its first investment into digital fibre-based network assets, it announced on Monday.
Great Portland Estates has sold the freehold of 78/92 Great Portland Street and 15/19 Riding House Street to M&G Real Estate, it announced on Monday.
Great Portland Estates announced on Monday that one of its joint ventures, the GHS Limited Partnership, has pre-let 57,200 square feet of office space at its Hanover Square, W1 development to international investment firm Kohlberg Kravis Roberts & Co.
Diploma announced that Richard Ingram was joining its board as chief executive officer-designate on Monday.
United Arab Emirates private healthcare operator NMC Health launched an offering of senior, unsecured, guaranteed convertible bonds due 2025 on Monday, with a principal amount of $450m, convertible into ordinary shares.
A deadline for BHP Billiton's joint venture in Brazil to settle a civil claim of the bursting of the Samarco tailings dam in 2015 has been pushed back again.
Workspace has acquired two further Centro buildings for £76. 5m in cash.
Arla Foods has announced that is has been forced to cut £351m of costs due to Brexit's impact on sterling and due to commodity prices.
Breedon Group confirmed on Friday that it has completed the acquisition of Belfast-based construction materials business Lagan Group.