Company News
Gulfsands Petroleum abandons Moulay Bouchta Petroleum Agreement
Oil and gas company Gulfsands Petroleum said it will no longer pursue the Moulay Bouchta Petroleum Agreement in Morocco and begin winding down the activities of the group in the country, enabling the company to focus its management and capital resources in the Levant region instead.
Johan Lundgren to replace McCall as EasyJet CEO
Budget airline EasyJet has announced the appointment of Johan Lundgren as its new chief executive officer, replacing Carolyn McCall, whose departure was announced back in July.
React Group very disappointed with full year results
Cleaning and decontamination specialist firm React Group posted what it called "very disappointing" results from its full year's trading, noting however that trading in its second half had shown "signs of improvement".
Google accused of aiding online fraudsters through 'copycat' websites
Officials at National Trading Standards have come out swinging against internet giant Google, accusing it of profiting from crime by allowing fraudsters to buy sponsored spaces in its search results.
Revenue and earnings ahead in first half at Vedanta
Vedanta Resources revenue rose 49% year-on-year to $6. 8bn, it announced on Friday, with EBITDA ahead 37% at $1. 7bn, which the board said was primarily due to higher volumes and strong commodity prices.
Capita to compensate investors in collapsed fund, escapes FCA fine
Capita has escaped a fine but has been strong-armed by the financial regulator into paying up to £66m to investors who suffered losses due the collapse of an investment scheme operated by its recently sold asset services business.
Unite Group exchanges contracts on £80m Leeds development
Developer and manager of student accommodation, Unite Group, has exchanged contracts to acquire a development site in Leeds on a subject to planning basis, it announced on Friday.
Ultra Electronics expects DoJ decision on Sparton deal in March 2018
Ultra Electronics said on Friday that a decision from the US Department of Justice about its proposed acquisition of NYSE-listed Sparton is now expected at the end of March 2018.
Galliford Try hails 'increased certainty' in social housing partnerships
Galliford Try's council partnerships arm has benefited from "increased certainty" following recent government announcements and has a record order book, while housebuilding sales rates and the construction order book have remained unchanged since the year end.
Ferguson to sell Nordics building materials business to Lone Star
Plumbing and heating products distributor Ferguson - formerly known as Wolseley - has agreed to sell its Nordics building materials distribution business, Stark Group, to an affiliate of private equity firm Lone Star Funds for €1. 03bn on a debt-free and cash-free basis.