Company News
Luxury car maker Lotus taken over by Chinese group
Chinese manufacturer Geely's is set to take over British sports car brand Lotus, following the firm's struggles with profitability in recent years.
Thursday preview: UK GDP, Halfords, Qinetiq, B&M
Following a quiet week for UK data, Thursday will allow economists to get their teeth into more granular detail about the consumer backdrop, with the second release of gross domestic product for the first-quarter, plus the index of services and results from companies including Halford, United Utilities and QinetiQ.
Wood Group's Amec takeover under spotlight amid SFO's Unaoil probe
A potential spanner has been thrown in the works of John Wood Group's acquisition of fellow engineer Amec Foster Wheeler after the pair revealed connections to the Unaoil bribery scandal.
Tungsten Corporation lifts expectations ahead of final results
Global e-invoicing, purchase order services, analytics and financing company Tungsten Corporation updated the market on its trading for the financial year to 30 April on Wednesday, reporting that revenue for the period was expected to be in excess of £31m, representing growth of 20% on the prior year and above the board’s previous guidance of at least £30m.
Strat Aero wins contract with Cyprus Department of Civil Aviation
International aerospace company Strat Aero announced a contract with the Cyprus Department of Civil Aviation on Wednesday, to provide aviation consulting services.
Mediclinic holds divi but shares fall as Abu Dhabi recovery only 'gradual'
MediClinic kept its dividend steady despite a poor performance from the Middle East arm, with the private hospital group seeing recent "gradual improvements" in the troubled Abu Dhabi business.
Acacia Mining export ban remains amid Tanzania accusations of deception
Acacia Mining has been accused by the Tanzania government of under-declaring the mineral content of its gold and copper exports, so the export ban on the London-listed company will continue.
Hilton Food Group says 2017 trading so far in line
Hilton Food Group said its trading so far in 2017 has been in line with the board's expectations, ahead of issuing its half-year results in July.
Kingfisher sales slow as corporate DIY work continues
DIY retailer Kingfisher reported solid UK growth for the first quarter of its financial year, but total like-for-like sales were dragged down by continued weaker sales in France and disruption from its own restructuring plans.
Ediston Property Investment improves NAV/share in H1
Ediston Property Investment improved its EPRA net asset value per share to 109. 67p in the six months to 31 March, from 107. 7p six months earlier.
Wood Group acquires US automotive controls and processes expert
Oil services engineer John Wood Group has acquired Detroit-based automotive controls business CEC Controls for up to $59m, adding clients such as Ford, GM and Fiat-Chrysler.
EC probes Jaguar Land Rover's Slovakia investment plans
European regulators have raised doubts about state funding for Jaguar Land Rover to invest in a car plant in Nitra in Slovakia.
Keywords Studios founders, CEO sell 8% stake
The founders and the chief executive of AIM-listed Keywords Studios have sold just under 4. 5m shares in the company, or an 8. 1% stake.
Glencore in talks over possible US agriculture merger
Glencore has confirmed that it has been in talks with US grain trader Bunge over a potential merger with its agricultural arm.
Hogg Robinson Group to acquire eWings.com
Hogg Robinson Group's shares are down after it agreed to acquire eWings. com, a next-generation travel management company.
BAE Systems rallies as UBS says it will benefit from higher US defence spending
Defence contractor BAE Systems rallied on Wednesday as UBS said the US defence budget blueprint supports US revenue growth acceleration.
Britvic bottles up improved revenue in first half
Britvic posted its interim results for the 28 weeks to 16 April on Wednesday, reporting an 11. 5% increase in revenue to £756. 3m.
Ediston Property lifts first-half NAV/share and profit
Ediston Property Investment improved its EPRA net asset value per share to 109. 67p in the six months to 31 March, from 107. 7p six months earlier.
Electra Private Equity gets £50m from Epiris sale of PINE Unit Trust
Epiris, the portfolio manager of Electra Private Equity, has sold freehold investment property portfolio PINE Unit Trust to Universities Superannuation Scheme for £95m.
HICL Infrastructure sees FY profit rise, proposes raising £205m
Shares in HICL Infrastructure are down more than 1% as it detailed a proposal to raise £205m to address its net funding requirement, and separately posted an improved set of full-year results.