Company News
Deutsche Bank to pay $7.2bn to settle US mortgages case
Deutsche Bank and the US Department of Justice have agreed the German lender will pay a $7. 2bn settlement, one of the largest ever banking fines, for misleading investors in its sale of residential mortgage-backed securities in the run up to the financial crisis.
Rolls-Royce agrees to pay £671m bribery and corruption settlement
Rolls-Royce has agreed to pay £671m plus interest to settle bribery and corruption allegations in the UK, US and Brazil, it announced in a statement after the market closed on Monday.
Apple increases app prices in UK following fall in the pound
US tech giant Apple has increased the price of its apps in the UK app store by 25% as the value of the pound continues to fall, despite a sharp rise after Theresa May's Brexit speech on Tuesday.
Small caps news round-up
Games Workshop declared a dividend of 30p per share as it expects to beat market forecasts after it enjoyed a "significant increase" in sales and profits since the end of November. The retailer, which specialises in offering miniature war-game figurines for collecting and gaming, said it was confident of beating market expectation after finalising the product phasing for the year to end-May.
Clinigen division teams up with TESARO
Clinigen Group announced on Tuesday that its Idis Managed Access division has partnered with TESARO to launch a managed access program for the investigational PARP 1/2 inhibitor, niraparib.
W Resources releases 'exceptional' results from Sao Martinho
Tungsten, copper and gold mining, production, exploration and development company W Resources announced some “exceptional results” at its São Martinho Gold project in Portugal on Tuesday.
Standard Life Investments completes sale of The Quadrangle
Standard Life Investments Property Income Trust confirmed on Tuesday it has completed the sale of The Quadrangle in Cheltenham for £11. 075m.
Snapchat captures $90m from advertisers in 2016
Picture messaging app Snapchat raked in a cool $90m in revenue from advertisers last year, according to the chief executive officer of the world's largest ad company, WPP.
Games Workshop profits to beat current forecasts, declares dividend
Games Workshop declared a dividend of 30p per share as it expects to beat market forecasts after it enjoyed a "significant increase" in sales and profits since the end of November.
Mears reports 'solid' 2016 performance
Social housing and care support services provider Mears issued a pre-close trading update on Tuesday, ahead of its preliminary results for the year to 31 December, which will be released on 21 March.
Wednesday preview: Burberry reports third quarter trading update
Burberry is expected to report growth in like-for-like retail sales in its third quarter trading update on Wednesday, supported by tourism spending in the UK.
Mariana talks up positive results from Hot Maden tests
Exploration and development company Mariana Resources announced a “highly favourable” outcome for its preliminary economic assessment of the high grade Hot Maden gold-copper project in north east Turkey.
Elegant Hotels posts drop in revenue but remains committed to expansion strategy
Elegant Hotels Group, the owner of six hotels and a beachfront restaurant in Barbados, reported a fall in revenue due “challenging market conditions” in the luxury hotel industry but said it remains committed to its expansion strategy.
Johnston Press sells East Anglia newspaper business for £17m
Johnston Press, the owner of the i, the Scotsman and many local newspapers, has sold its East Anglia business for £17m in order to focus on key growth areas.
UnitedHealth Q4 numbers beat on top and bottom lines
US health insurer UnitedHealth Group reported its quarterly earnings on Tuesday pre-market, comfortably beating analyst estimates as annual revenue grew by 18%.
Mark Zuckerberg to appear in court as Facebook face VR theft claims
Facebook is being taken to court by video game tech firm Zenimax Media after allegedly stealing the company's Virtual Reality gaming technology, with CEO Mark Zuckerberg due to appear in front of a hearing in Dallas on Tuesday.
Giulio Cerroni appointed CEO of IXICO
Brain health company IXICO announced on Tuesday that Giulio Cerroni will be appointed to the board as chief executive officer, with effect from 6 February.
Richard Moulson to join Evgen Pharma as CFO
Clinical-stage drug development company Evgen Pharma announced the appointment of experienced healthcare executive Richard Moulson as its chief financial officer on Tuesday.
Distil's earnings to be ahead of expectations after Christmas sales surge
Distil, the owner of drinks brands RedLeg spiced rum, Blackwoods gin and Jago’s cream liqueur, said earnings for last year are likely to be ahead of expectations due to a surge in sales over Christmas.
Picton disposes of two Bath retail assets
Property investment company Picton announced the disposal of two small, non-core retail assets in Bath for a total of £3. 23m on Tuesday.