News And Announcements
Sky and BT cut spending on Premier League football TV rights
Most Premier League football live broadcast packages for the three seasons beginning 2019/20 have been agreed, with Sky and BT Group picking up the bulk of games for £4. 5bn.
Ryanair will pay over 100m euros more to pilots after union protests
Budget carrier RyanAir has announced that the 20% increase in salaries it's negotiating with its pilots will push its costs €100m higher next year.
UNILAD team to join Gfinity's Elite Series
Esports entertainment group Gfinity announced on Tuesday that UNILAD Esports - a team backed by its online media namesake - has acquired a place to compete in the third season of the Gfinity Elite Series, taking place at the Gfinity Esports Arena in London in March and April.
MobilityOne subsidiary delivers new app for Meghna Bank
E-commerce infrastructure payment solutions and platform provider MobilityOne announced on Tuesday that its 55%-owned subsidiary in Bangladesh, Mobility i Tap Pay, has developed a mobile banking app for Meghna Bank.
Work begins for Botswana Diamonds' Sunland venture
Botswana Diamonds announced on Tuesday that work is commencing on the first half Alrosa/Botswana joint venture - Sunland Minerals - in Botswana.
Audioboom to combine with audio software giant Triton
Podcast audio-on-demand platform operator Audioboom announced its intention to acquire the entire issued share capital of Triton Digital Canada - the parent company of Triton Digital - for a cash consideration of $185m (£134m) on Tuesday, subject to adjustment for normalised working capital.
Amazon plans hundreds of job cuts in Seattle
Amazon is planning hundreds of layoffs at its Seattle headquarters and across its operations worldwide, a rare move following an eight-year long hiring spree which saw its Seattle workforce soar from 5,000 in 2010 to 40,000.
Interserve accounts come under close watch from Cabinet Office
Interserve is coming under particularly close attention by the government after the collapse of rival contractor Carillion, according to new reports.
Pendragon surges as investors welcome in-line results after tough time
Profit at car dealership Pendragon dropped nearly 20% in the year to 31 December 2017 as operating margins declined and new vehicle revenue slid, but after a profit warning from the group in October and amid more general car market woes, investors were relieved that the numbers were in line.
Sumitomo Mitsui signs lease for three floors at British Land's Broadgate development
British Land said on Tuesday that Sumitomo Mitsui Banking Corporation Europe - a subsidiary of Japan's Sumitomo Mitsui Banking Corp - has signed a 20-year lease for the first three floors of the Liverpool Street redevelopment at Broadgate.
Morrisons agrees Channel Islands wholesale deal with Sandpiper
Morrisons has struck a long-term commercial agreement with the leading operator of retail outlets in the Channel Islands.
Tui shares fly to new heights after strong first quarter
Tour operator Tui jetted off to a strong start for its financial year with sales and underlying earnings both much improved on last year, sending its shares to fresh highs.
RWS Holdings says first quarter trading in line
Language, intellectual property support services and localisation provider RWS Holdings said on Tuesday that first-quarter trading has been in line with expectations.
Eland reports positive progress at Opuama
Oil and gas production and development company Eland Oil & Gas updated the market on the Opuama-8 and Opuama-9 wells in licence OML 40 on Tuesday.
Diurnal gets EC marketing authorisation for Alkindi
Specialty pharmaceutical company Diurnal Group announced on Tuesday that the European Commission has granted a paediatric use marketing authorisation for ‘Alkindi’ as a replacement therapy of adrenal insufficiency in infants, children and adolescents.
Oncimmune spends first half progressing agreements
Early cancer detection company Oncimmune Holdings announced its interim results for the half year ended 30 November on Tuesday, reporting continued commercial progress with its ‘EarlyCDT-Lung’ product as a framework agreement with Genostics Company for China was signed.
Pan African Resources revises guidance as it overcomes challenges
Pan African Resources updated the market on its progress for the six months ended 31 December on Tuesday - a period which saw the group further implement its strategy to provide a platform of stability at its operations at Barberton Mines and Evander Mines, as well as improved and sustainable cash flows and production for the second half of the year.
Magnolia Petroleum makes good progress on WED agreement
US-focussed oil and gas exploration and production company Magnolia Petroleum updated the market on Tuesday, on the ongoing investment of the first $0. 5m tranche of capital it has received as part of its exclusive $18. 5m capital management agreement with Western Energy Development.
Intercede awarded Middle East contract worth more than £1m
AIM-listed software and service company Intercede has been awarded a contract by a Middle Eastern country for its MyID solution worth more than £1m.
Petro Matad makes solid progress with 2018 work programme
Mongolian oil explorer Petro Matad updated the market on its operations as part of its planned 2018 work programme on Tuesday, with the company having completed a $16. 8m fundraising to execute a four well drilling programme on its acreage during the 2018 year.