News And Announcements
Vodafone reassures on dividend despite swing to loss
Vodafone swung to a large loss at the half-year stage after restructuring its business in India due to competitive pressures, though underlying earnings remained on track and there was reassurance provided on the dividend.
Indebted GE to raise $4bn through Baker Hughes sale
Struggling US conglomerate General Electric is to raise $4bn by selling a stake in oil services firm Baker Hughes, as it looks to slash debts and return to growth.
Yolo Leisure celebrates as major broadcaster invests in TVPlayer
Yolo Leisure and Technology announced on Tuesday that TVPlayer, the television service with more than 100 channels streaming online and in excess of two million active users in the UK market, has announced an £8m Series A round, led by an unnamed major US broadcasting network.
Amazon to split second HQ between NYC and Virginia
Amazon confirmed on Tuesday that it plans to split its second headquarters between New York City and Arlington, Virginia.
Andalas Energy pleased with progress at P1918
Andalas Energy and Power reported on Tuesday that Corallian Energy, the exploration operator for licence P1918, has informed the joint venture partners that the Department for Business, Energy and Industrial Strategy, Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) has advised the Oil and Gas Authority of its in-principle agreement to the issue of the relevant consent for the Colter well, in which Andalas has an 8% interest.
BT announces first cities to get EE 5G mobile
Mobile network operator EE announced on Tuesday that it will switch on 5G mobile sites in 16 UK cities during 2019.
Taylor Wimpey on track for FY but cautious on outlook
Housebuilder Taylor Wimpey said on Tuesday that it was on track to meet full-year expectations following a "strong" second half, but warned that volumes would be flat next year.
Premier Foods mulling Ambrosia sale, CEO Gavin Darby to leave
Bisto, Oxo and Mr Kipling owner Premier Foods said on Tuesday that it was mulling the sale of its Ambrosia brand as it announced the departure of chief executive Gavin Darby alongside its half-year results.
Sainsbury's and Waitrose suffer as discounters keep grinding
Supermarkets saw growth slow in recent weeks, with Sainsbury's and Waitrose even going into reverse as discounters renewed their land grab in the sector.
Stride Gaming's Daub Alderney slapped with £7.1m fine
Stride Gaming was under the cosh as it said that subsidiary Daub Alderney has been fined £7. 1m by the UK Gambling Commission for failings in its anti-money laundering and social responsibility procedures.
Bearish investors turn their back on tech stocks, survey finds
Exposure to the global technology sector is at its lowest level since February 2009, according the industry research, as bearish fund managers become increasingly risk averse.
BTG surges as it upgrades pharmaceuticals guidance
Shares in BTG surged on Tuesday as the specialist healthcare company posted a rise in interim revenue and upgraded sales guidance for its pharmaceuticals arm - its second guidance upgrade in just over a month.
Hibernia leases big new Dublin building to burgeoning tech firm HubSpot
Hibernia REIT has agreed to lease all the office accommodation at its 1 Sir John Rogerson's Quay (1SJRQ) property to HubSpot Ireland, an inbound marketing and sales software provider, it announced on Tuesday.
HMRC largely relents in VAT dispute with Oriole Resources
Africa and Europe-focussed exploration company Oriole Resources issued a “positive update” on its appeal against Her Majesty's Revenue and Customs (HMRC), on Tuesday.
Earnings fall in first half at Schroder Real Estate
Schroder Real Estate Investment Trust posted its unaudited half-year results for the six months ended 30 September on Tuesday - a period in which it completed two debt refinancings which reduced interest to 4. 0% from 4. 4%, with the average loan term dropping to around nine years.
Trifast confident as macroeconomic concerns linger
Trifast issued its half-year report on Tuesday, reporting another six months of solid growth, with “significant” ongoing investment across its regions and via Project Atlas in the period ended 30 September.
Caspian Sunrise extends due date on 3A Best Group acquisition
Caspian Sunrise updated the market on its acquisition of 3A Best Group on Tuesday, having initially announced the transaction to buy the 1,347 square kilometre contract area near the Caspian port city of Aktau on 29 May.
McCarthy & Stone earnings slide amid tough trading conditions
Retirement housebuilder McCarthy & Stone issued its results for the year ended 31 August on Tuesday, reporting a 7% fall in legal completions to 2,134 but a 2% improvement in revenue to £671. 6m.
BBA Aviation outlines Signature and Ontic growth plans
Aviation support and aftermarket services provider BBA Aviation told shareholders of the stages through which it planned to deliver more value on Tuesday, as it held its first of two capital markets days this week at its Luton Airport fixed-base operation (FBO).
Amigo shores up funding with £150m securitisation facility
Amigo Holdings announced the completion of its inaugural securitisation facility of £150m on Tuesday, which it said was the first transaction of its kind in the guarantor loan space.