News And Announcements
Pacific Industrial & Logistics completes sale of Bedford asset
Industrial and logistics-focussed real estate investment trust Pacific Industrial & Logistics has completed the sale of an asset located at Hammond Road, Bedford, for a total consideration of £5. 8m, it announced on Friday.
DP Poland cuts ribbon on 50th Polish Domino's store
DP Poland, which holds the exclusive master franchise for the Domino’s Pizza brand in Poland, celebrated the opening of its 50th location in the country on Friday.
Mercia Technologies makes new investment into Aston EyeTech
National investment group Mercia Technologies has made a new direct investment into Aston EyeTech - a spinout from Aston University, Birmingham - which has developed a range of proprietary hardware and software products in ocular care, it announced on Friday.
SimiGon receives final approval for $2m Israeli Air Force order
Modelling, simulation and training solutions provider SimiGon has now received final regulatory approval for a $2m purchase order received from the Israeli Air Force, initially announced on 20 June 2016, it confirmed on Friday.
Network Rail announces sale of its commercial property business in England and Wales
Network Rail, the owner and infrastructure manager of most of the rail network in England, has today announced the sale of its commercial property business in England and Wales, describing it a "non-core" property asset which is "not essential" for the running of the railway.
Credit card providers to seek customer consent before raising credit limits
Credit card providers have agreed with the Financial Conduct Authority to ask customers' permission before raising their credit card limits, after research found this was a contributing factor to debt problems for many people.
Seeing Machines board upbeat on future
Investors in computer vision technology firm Seeing Machines were told of how the last two years has seen “significant growth” across the company at its annual general meeting in Canberra, Australia on Friday.
Avesoro begins 14,000 metre diamond drilling campaign at New Liberty
West Africa-focussed gold producer Avesoro Resources announced on Friday that four diamond drill rigs have been mobilised to its wholly-owned New Liberty Gold Mine, and have commenced a 14,000 metre diamond core drilling campaign.
Versarien begins partnership with large consumer goods group
Advanced materials group Versarien announced on Friday that it has now started collaborating with one of the “world’s largest consumer goods groups” to enable the pair to work together on research, development and testing of Versarien's proprietary Nanene few layer graphene nano-platelets in polymer structures.
Redefine International ups stake in International Hotel Properties
Redefine International has bought the remaining stake in UK-focused hotels outfit International Hotel Properties from parent company Redefine Properties Limited in a cash and shares deal.
High street sales fall for fifth week out of six
Retail sales on the high street fell for the fifth week out of six, a survey from BDO showed on Friday, showing the sharp slip from boom to decline in the sector over the course of a year due to the squeeze on households incomes.
Cheap Dutch gas sees Parkmead swing to profit
UK and Netherlands-focussed independent energy group Parkmead posted its preliminary results for the year to 30 June on Friday, reporting gross profit of £1. 2m for the period, swinging from a £4. 6m loss in the 2016 financial year.
Nationwide cautious after mortgage slowdown drags on profits
Nationwide cautioned investors about rocky trading conditions in the UK mortgage market, as decreased one-off gains from its home loan division led to a 10% decline in profits for the six months ending on 30 September.
Angus begins production at Lidsey, though flow disappoints
Conventional oil and gas production and development company Angus Energy has commenced production at Lidsey Oil Field from the Lidsey-X2 well, it announced on Friday.
Carillion tumbles as it warns on profits again, says it will breach covenants
Carillion warned on Friday that full-year profits will be “materially lower” than current market expectations and that it now expects to breach its covenants.
Ferrexpo secures $195m revolving credit facility
Ferrexpo has signed a new secured three year revolving credit facility of $195m that will be used for general corporate purposes.
Rentokil Initial agrees to EUR 400m bond
Rentokil Initial has agreed the issue of a €400m 0. 95% bond, it announced on Friday, due 22 November 2024.
Kier keeps on track for double-digit growth
Construction and maintenance group Kier made a smooth start to the year and said it is confident of delivering double-digit profit growth, with even stronger visibility on revenues.