Company News
Tuesday preview: Whitbread, BHP and public sector borrowing in focus
UK public sector debt figures follow a smattering of corporate results first thing in the morning from the likes of Whitbread, BHP Billiton and St James's Place.
Elliott Capital Advisors discloses 6.8% stake in WS Atkins
Activist hedge fund Elliott Capital Advisors has taken a 6. 8% stake in rail, telecoms and defence engineer WS Atkins.
Small cap news round-up
Jimmy Choo said on Monday that it is conducting a review of various strategic options to "maximise value for its shareholders", including the sale of the company.
Shell inks deal to help finance Nordstream 2 pipeline
Five European energy outfits, incluging Royal Dutch Shell, agreed to provide Nordstream 2 AG up to €950. 0m of funds to help build the new pipeline linking Russia's natural gas reserves directly with European consumers, roughly doubling the existing capacity of Nordstream 1.
Civitas Social Housing completes acquisition of three supported living properties
Civitas Social Housing has completed the £3. 5m acquisition of a portfolio of regulated social housing, comprising of three supported living properties, with 13 tenancies, in the West Midlands and south east of England.
Galantas Gold could seek compensation from Northern Ireland police
Galantas Gold Corporation advised the market on Monday that it received notification that the Police Service of Northern Ireland would not provide its required anti-terrorism cover in regard to blasting operations required for mine development at the Omagh Gold Mine.
Stratex completes Altintepe disposal
Turkey and Africa-focussed gold exploration and development company Stratex International announced that it completed the disposal of its 45% interest in the Altıntepe Gold Mine in Turkey to its joint venture partners, for an aggregate cash receipt of $8m.
Smurfit Kappa discount from 'temporary' margin squeeze attracts Goldman
Goldman Sachs recommended clients 'buy' Smurfitt Kappa on Monday after the shares fell by around 7% over the past month to open an attractive entry point, while Jefferies also rated the Irish packaging company highly.
Results round-up: Fishing Republic, FairFX, Nasstar
Shares in Fishing Republic are up almost 6% after its full-year pre-tax before exceptional items rose 32% to £403,000, from £305,000 previously.
Broker tips: Centrica, Smurfitt Kappa, currencies, eurozone stocks
British Gas owner Centrica was under the cosh on Monday amid reports that the Conservative manifesto will include a cap on household energy bills, with UBS saying the snap election in June makes an energy tariff cap more likely.
NetScientific's sells stake in cancer treatment platform
Healthcare intellectual property commercialisation firm NetScientific’s portfolio company Wanda has sold its stake in OncoVerse to BTG, a pharmaceutical, for an undisclosed sum.
Urals Energy reorganises subsidiaries, sees tax advantages
AIM-listed Urals Energy has completed an international reorganisation of its subsidiaries which will streamline the management of the group and allow it to gain "modest tax advantages".
Empyrean Energy to raise £2.7m to support acquisition of oil and gas services company
AIM-listed Empyrean Energy is to raise up to £2. 7m to support the acquisition of a 20% stake in West Natuna Exploration, an oil and gas services company operating in Indonesia.
Tritax Big Box REIT to raise £200m to fund investment opportunities
Tritax Big Box Real Estate Investment Trust is to raise £200m in equity in order to capitilise on property investment opportunities.
WANdisco surges after winning its largest contract ever
Shares in WANdisco surged on Monday after the cloud computing company announced it has won a $4. 1m contract, its largest ever, with a financial services multinational.
French presidential election to mark start of dollar slide, HSBC says
Analysts at HSBC said the French presidential election could be a positive catalyst for the euro as markets moved to price-in less political risk and greater economic upside in the eurozone, but increased political uncertainty in the US would be negative for the dollar.
Three apologises after large weekend outage
Mobile phone network Three UK issued an apology to its customers on Monday, after a number of them were left unable to use their service on Saturday afternoon.
PPG Industries sweetens offer for AkzoNobel
Dulux owner AkzoNobel confirmed on Monday that it has received a third unsolicited and conditional takeover proposal from US chemicals manufacturer PPG Industries.
First Derivatives sees strong trading continue
First Derivatives announced on Monday that the strong trading performance seen in the first half of the financial year ended 28 February had continued into the second half.
Mineral & Financial notes TH Crestgate drilling update
Mineral & Financial Investments announced that it received an update on the drill results from its 49%-owned investment, TH Crestgate - a private Swiss based investment company - on Monday.