Company News
US close: Markets move higher as dollar remains weak
Commodity-related issues buoyed the main Wall Street averages on Monday as the US dollar continued to trade on the backfoot.
London close: FTSE 100 jabs higher as retail rebounds, sterling weakens
Equities in London went for a jog higher on Monday, helped mostly by rebounding retail stocks and sterling weakness, the latter on the back of UK political turmoil surrounding the election and Brexit coming to the fore.
Tuesday preview: Severn Trent, eOne, Shaftesbury, Aveva
In a fairly quiet day for economic data, between the latest election campaign u-turns and soundbites grab the headlines, companies scheduled to report results include water company Severn Trent and Peppa Pig producer Entertainment One.
BP restarts North Sea production at Schiehallion
Schiehallion oilfield off Shetland in the North Sea has begun producing oil for BP and partners including Shell for the first time since it was shut down for refurbishment in 2013.
Ford CEO Fields to be replaced by firm's autonomous driving chief
Mark Fields will be replaced as chief executive of US auto giant Ford Motor, with the head of the company's autonomous driving unit Jason Hackett taking over the reins, the Detroit company announced on Monday.
BP restarts North Sea production at Schiehallion
Schiehallion oilfield off Shetland in the North Sea has begun producing oil for BP and Shell for the first time since it was shut down for refurbishment in 2013.
Horizon Discovery gains exclusive rights to 'novel' gene editing tech
Gene editing technology company Horizon Discovery Group announced on Monday that it had gained exclusive worldwide rights to use a “novel transposon-based technology platform” that would broaden its gene editing capabilities.
Corero client GTT launches DDoS mitigation service
Corero Network Security updated the market on its recent Tier 1 internet service provider customer win on Monday, confirming that its customer - GTT Communications - had now launched its DDoS mitigation service.
Aquatic Foods Q1 profit drops 8.4% as input costs rise
AIM-listed Chinese marine foods and seafood processor and producer Aquatic Foods Group reported an 8. 4% decline in gross profit for the first quarter as a result of rising input costs, while revenue was broadly flat.
Rio Tinto to cut debt with $2.5bn bond buyback
Miner Rio Tinto has announced a new bond buyback of up to $2. 5bn to further reduce gross debt.
Active Energy enters agreement with Province of Newfoundland and Labrador
International renewable energy, forestry management and timber processing business Active Energy announced on Monday that it entered into an agreement in principle with the Province of Newfoundland and Labrador in Canada that, if finalised, would provide the company and its affiliate, Timberlands International, with a Crown timber licence and forest management agreement relating to two Forest Management Districts covering 1. 2 million hectares.
Two biotech companies take rights to Avacta reagents
Affimer biotherapeutics and research reagent developer Avacta Group announced that two unnamed leading US biotech companies had separately taken exclusive rights to Affimer reagents for research and development use, to support their respective drug development programmes.
BTG trial shows safety and efficacy of pulmonary embolism device
Healthcare company BTG said on Monday that its EKOS combination therapy device for pulmonary embolism is effective over a much shorter period and at safer thrombolytic doses far below the current standard, which will allow for scheduling flexibility and efficiencies in clinician time and drug costs.
Highland Gold granted licences for two greenfield mines
Highland Gold Mining announced on Monday that it had received exploration licences for two greenfield sites adjacent to the existing licence areas for the Mnogovershinnoye mine.
Huntsman and Clariant agree $20bn merger
Swiss and US chemicals groups Clariant and Huntsman Corp have agreed to a merger of equals that would create a company worth around $20bn.
Innovaderma unveils haircare product range, enters UK skincare market
Shares in Innovaderma are up more than 6% after it announced the upcoming launch of a new haircare product range and its entry into the UK skincare market.
Hardide strikes supply deal with Graco
Advanced surface coating technology provider Hardide announced on Monday that group company Hardide Coatings signed a new seven-year supply agreement with Graco of Minneapolis for the coating of various pump components.
Civitas completes portfolio buy in North East England
Civitas Social Housing has completed the purchase of a portfolio of regulated social housing in North East England for a total of £6. 0m, its fourth acquisition announcement this month.
Aegon to sell run-off businesses to Wilton Re
Aegon has agreed to sell its two largest US run-off businesses, the payout annuity business and the bank-owned/corporate- owned life insurance business to Wilton Re.
Forbidden wins video contract with e-sports group Gfinity
Forbidden Technologies has won a contract with e-sports organiser Gfinity to provide its Forscene cloud-based video-editing software.