FULL LIST OF STORIES
23 May
Touchstone confirms IP Group offer; advises shareholders to take no action
currencies euro dollar pound money cash sterling

Touchstone Innovations on Tuesday confirmed IP Group's merger approach, adding that it had advised shareholders to take no action.

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23 May
Big Yellow FY pre-tax profits lower as revenue rises
Big Yellow Group, self-storage

Self storage firm Big Yellow said full year pre-tax profits fell 11% to £99. 8m due to a lower gain in the valuation of the group's investment properties.

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23 May
Electrocomponents FY profits sparked by currency boost, market share growth
electronic parts warehouse, electricals, technology

Distribution firm Electrocomponents said full year reported profit before tax quadrupled to £127. 1m as it profited from a currency tailwinds and made market share gains in Northern Europe and North America.

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23 May
IP Group makes offer for Touchstone Innovations; rejected by board
money pound cash

Intellectual property-based business developer IP Group said it had made an offer for Touchstone Innovations and was also planning to raise £200m in a cash call.

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23 May
Syncona says Blue Earth's Axumin gets EU approval
ep maquinaradioterapia incoporadaicotratarcancerpulmon

Heathcare investor Syncona said its portfolio company Blue Earth Diagnostics had received confirmation of approval of its Axumin prostate cancer diagnostic agent by the European Commission.

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22 May
RBS reportedly doubles offer to investors ahead of court case
forte-moins-value-pour-l-etat-britannique-avec-les-titres-rbs

Royal Bank of Scotland (RBS) has reportedly doubled its offer to disgruntled shareholders suing the firm over a 2008 rights issue only hours before a High Court case was due to start.

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22 May
Wood Group signs technical services contract with Sakhalin Energy
BP oil rig offshore Azerbaijan; oil & gas

Wood Group said it had signed a five year technical support services contract with the Sakhalin Energy Investment Company, an operator of Sakhalin-2, one of the world’s largest integrated oil and gas projects, for an undisclosed sum.

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19 May
Hikma updates revenue guidance after US delays asthma drug approval
asthma, health

Pharma group Hikma has updated its guidance on full year revenue to be $2bn - $2. 1bn in constant currency after last week's delay of an application for its asthma drug by US regulators.

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19 May
Safestore in refinancing deal to save £3m a year
Safestore self-storage, Staines store, Middlesex

Safestore Holdings said it had refinanced its US private placement notes (USPP) and amended bank facilities to extend the average maturity and lower the cost of the group's debt management by £3m a year.

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19 May
John Laing Infra Q1 portfolio value rises 1.9%
builder housebuilding bricklayers persimmon

John Laing Infrastructure Fund said its underlying portfolio value grew 1. 9% in the first quarter to £1. 2bn on a rebased value of £1. 19bn and in line with expectations.

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18 May
UK April retail sales rise 2.3%

UK April retail sales rose by an above expected by 2. 3% compared to a 1. 4% fall in March, the Office for National Statistics said.

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18 May
Tory social care plan will leave elderly 'helpless', says former govt adviser
telehealth

Thousands of elderly people will be left “helpless” under Conservative manifesto plans forcing them to pay for their own social care, said the author of a report into the issue under the last coalition government.

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18 May
Cineworld revenues rise as fans flock to films
emma stone ryan goseling la la land

Movie screen operator Cineworld said revenues rose 15. 8% on a constant currency basis for the January 1 to May 11 period.

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18 May
London open: Shares weaker on stronger pound, Trump impeachment concerns
London Stock Exchange AIM LSE shares

London stocks opened weaker on Thursday, taking their cue from a stronger pound and downbeat sessions in the US and Asia amid growing concerns that US President Trump could be impeached.

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18 May
Elis makes new £2bn bid for Berendsen; dismissed as 'opportunistic'
Berendsen, washroom services

Laundry services group Berendsen on Thursday dismissed a new £2. 05bn bid by French rival Elis as “opportunistic”.

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18 May
Land Securities revenue profits rise as London feels Brexit impact
land securities, st paul

The UK's largest listed property company Land Securities said full year pre-tax profits fell to £112m from £1. 3bn mainly due to a valuation deficit as the initial effects of Brexit were felt in the London office market.

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18 May
Hargreaves Lansdown chairman to step down; AUA up 10% to £77bn
hargreaves lansdown hl office

Financial advising firm Hargreaves Lansdown said assets under administration rose 10% to £77bn as it reported a trading update for the four months to April 30 and announced that chairman Mike Evans was stepping down.

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18 May
GSK's mepolizumab meets endpoints in phase 3 study
gsk, drug, biotech, pharma,

GSK said its mepolizumab treatment met co-primary efficacy endpoints and all secondary endpoints in a double-blind, placebo-controlled study on patients who have a form of vasculitis.

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