News And Announcements
Arla Foods slashing cost cuts 'due to Brexit'
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 completes acquisition of Lagan Group
Breedon Group confirmed on Friday that it has completed the acquisition of Belfast-based construction materials business Lagan Group.
Wolf Minerals reaches settlement in dispute with GR Engineering Services
Specialty metals producer Wolf Minerals updated the market on its ongoing disputes with GR Engineering Services on Friday, which are associated with the EPC contract for the Hemerdon tungsten and tin project in Devon, south west England.
Cluff raises £0.75m ahead of 30th offshore licensing round results
Natural resources investing company Cluff Natural Resources announced a subscription of a total of 46,875,000 new ordinary shares on Friday, to raise a total of £0. 75m before expenses.
New Ethopian government gives KEFI the go-ahead to move families
Gold exploration and development company KEFI Minerals announced on Friday that, in connection with its Tulu Kapi gold project in western Ethiopia, the joint committees of the company and the Ethiopian authorities have now triggered the formalisation of the resettlement arrangements for each of the affected individual households in the area.
SDX makes conventional natural gas discovery at Lalla Mimouna
North Africa-focussed oil and gas company SDX Energy announced on Friday that a conventional natural gas discovery has been made at its LNB-1 exploration well on the Lalla Mimouna permit in Morocco, of which it owns 75%.
Distil gets RedLeg Rum another big pub chain listing
Premium drinks brand owner Distil announced on Friday that another leading pub chain with national coverage has listed RedLeg Spiced Rum for its outlets, further increasing the brand's presence and availability throughout the UK.
Sigma acquires another three development sites
Private rented sector residential development and urban regeneration company Sigma announced the acquisition of three private rented sector development sites in the new financial year to date on Friday.
Fidessa agrees terms of £1.5bn Ion Investment bid; Temenos out in the cold
Financial technology group Fidessa agreed the terms of a £1. 5bn offer from Dublin-based Ion Investment Group on Friday, just hours before the deadline to make a formal bid.
Takeda bumps up proposed offer for Shire
Shire received an improved takeover offer from Takeda Pharmaceutical on Friday, a day after turning down a £46. 50 bid made up of shares and cash.
Regulators slap Wells Fargo with $1bn fine for car loan and mortgage abuses
US regulators fined Wells Fargo $1bn on Friday for car loan and mortgage abuses.
Burberry appoints former Belstaff boss as chief commercial officer
Burberry has appointed industry veteran Gavin Haig - the former chief executive of fashion heritage brand Belstaff - to the newly-created role of chief commercial officer, with effect from next Monday.
Hikma launches generic injectable version of Zinecard
Hikma Pharmaceuticals has launched a generic injectable product to counter a shortage in the US market for products to counter heart problems associated with commonly prescribed chemotherapy drug.
Arsenal manager Wenger to step down at end of season
Arsene Wenger will end his 22 year reign as manager of Arsenal at the end of the season, the club's holding company announced on Friday.
Ten Lifestyle wins new contract with OCBC Bank
AIM-listed Ten Lifestyle has won a new contract with OCBC Bank, the second-largest financial services group in Southeast Asia, to provide concierge services to its high net worth clients as part of its Voyage Card Concierge programme.
Bonmarche Q4 sales drop but full-year profit to rise
Womenswear retailer Bonmarche posted a drop in fourth-quarter store like-for-like sales on Friday, although online sales grew and the company said 2018 pre-tax profit will be in line with the board's expectations.
Drax begins £50m share buyback programme
Drax Group announced on Friday that it is commencing a £50m share buy-back programme, in a bid to reduce its share capital.
Countryside Properties falls as Oaktree Capital sells entire stake
Countryside Properties was in the red on Friday after OCM Luxembourg Coppice Topco - an entity owner by asset manager Oaktree Capital - sold its entire 8% stake in the housebuilder and urban regeneration company.
Reckitt Benckiser's first-quarter growth disappoints
Durex, Dettol and Strepsils maker Reckitt Benckiser reported sales growth continued in the first quarter where it left off last year, but confirmed negative pricing in its home and hygiene division.
Ryan Mangold steps down in Taylor Wimpey management shuffle
Taylor Wimpey announced on Friday that Ryan Mangold would be leaving his role as group finance director after almost eight years in that position, in a move that surprised analysts in the City.