News And Announcements
Stobart's energy and rail units trading below expectations
Stobart Group said annual results for its energy and rail divisions were likely to be lower than expectations as the owner of Southend airport seeks to recover from a damaging boardroom dispute.
Saga appoints insurance veteran James Quin as CFO
Saga, which specialises in products and services for the over-50s, has appointed insurance veteran James Quin as group chief financial officer with effect from 1 January 2019.
IG Group struggles to keep up pace in first quarter
IG Group found it hard to match up to the speedy start seen last summer, with the online trading provider's revenues down 5% in the first quarter of its current financial year.
Glencore announces $125m bond issue
Glencore, through its subsidiary Glencore Funding, announced the successful placing of a tap issue of non-dilutive zero coupon cash settled guaranteed convertible bonds due 27 March 2025 on Thursday, with a nominal amount of $125m.
UK Commercial Property REIT puts in solid first half
UK Commercial Property REIT announced its interim results for the half-year ended 30 June on Thursday, reporting a net asset value total return of 3. 9%, which it said was driven by capital value growth and achieved with a limited gearing of 11. 9%.
Inmarsat enters in-flight broadband collaboration with Panasonic Avionics
Inmarsat announced on Thursday that itself and Panasonic Avionics Corporation have agreed a strategic collaboration, for an initial 10-year period, that would enable them to combine their “highly complementary” services to offer broadband in-flight connectivity (IFC),paired with high-value solutions and services to customers in the commercial aviation industry worldwide.
BAT boss Nicandro Durante to retire in April 2019
British American Tobacco’s chief executive Nicandro Durante will retire next April after eight years in charge in which he turned BAT into the world’s biggest listed cigarette company.
Kier Group profits rise despite turbulent markets
Construction, services and property group Kier posted a rise in underlying full-year pre-tax profit on Thursday thanks to a solid performance from all of its divisions.