Company News
IMF argues for gradual removal of fiscal and monetary support in US
The International Monetary Fund trimmed its forecasts for economic growth in the US cautioning about rising levels of public debt, even as it pointed out that the country was in its third-longest expansion since 1850.
Hardide receives Nadcap accreditation for its coatings
Advanced surface coating technology provider Hardide announced on Tuesday that Hardide Coatings had gained Nadcap accreditation for coatings.
RedstoneConnect to install cabling at new Spurs stadium
Smart building and commercial spaces technology and services provider RedstoneConnect announced on Tuesday that it was awarded a contract to install an IT cabling infrastructure throughout Tottenham Hotspur's new 61,500 seat stadium.
WPP hit by cyber attack
Advertising giant WPP said on Tuesday that some of its information technology systems have been hit by a global cyber attack.
Wednesday preview: Nationwide house prices, Stagecoach, Tullow, Dixons Carphone
Wednesday will see the release of the latest house price data from Nationwide, while on the corporate front, investors will eye trading statements from Bunzl and Tullow Oil, and full-year results from Dixons Carphone and Stagecoach.
Tavistock Wealth launches three new ACUMEN funds
Tavistock Investments Group investment management arm Tavistock Wealth announced the “strengthening” of its offering on Tuesday with three new funds, increasing its flagship ACUMEN Portfolio range to seven risk progressive funds.
AIM-listed Mayan Energy raises cash to buy stake in Block Energy
Mayan Energy announced Tuesday the results of a subscription with institutional and private investors to help finance the acquisition of a stake in Block Energy.
Playtech founder Teddy Sagi sells 11.5% stake
Teddy Sagi, a billionaire investor and the majority shareholder in the company behind Camden market, Market Tech, sold millions of pounds worth in shares of Playtech to fund his property empire.
Share says H1 sales and profit will be ahead of expectations
AIM-listed Share, which operates stockbroker The Share Centre, said on Tuesday that sales and profitability for the first half of the year will be significantly ahead of its expectations as trading has remained strong after a record first quarter.
XLMedia buys cyber security comparison site for $2m
Performance marketing company XLMedia announced the acquisition of Securethoughts. com, a US-based cyber security comparison website, for a total cash consideration of $2m on Tuesday.
Echo Energy confirms Sound Energy's Will Holland as finance chief
South and Central American-focussed upstream gas company Echo Energy announced the appointment of Will Holland as its new chief financial officer on Tuesday.
Cogenpower welcomes preliminary decision by Rome court
Cogenpower announced the preliminary decision of the Regional Administrative Court of Rome on Tuesday, in relation to the dispute between the company and the Italian supervisory agency for energy incentives, the GSE.
LMS Capital ups tender offer to shareholders
LMS Capital updated the market on its ongoing tender offer to shareholders on Tuesday, having initially announced its £6m offer on 6 June, before being notified of a forthcoming distribution of between $11m and $12m from San Francisco Equity Partners on 15 June, following that organisation’s partial realisation of its stake in YesTo.
EU Supply receives first contract under customer framework
E-procurement software provider EU Supply announced on Tuesday that it received its first contract pursuant to the new framework agreement entered into with an existing unnamed customer for additional services to its CTM platform, as announced by the company on 16 June.
Allied Irish Banks surges in market debut
Shares in Allied Irish Banks opened more than 8% higher in their trading debut on Tuesday, after the government, which owns 99. 9% of the bank, sold a 25% interest.
Stada slumps as Bain/Cinven offer fails
Shares in German pharmaceutical group Stada slumped on Tuesday after a takeover by private equity firms Bain Capital and Cinven failed to win the required shareholder support.
3i Infrastructure 'considering its options' over AWG
3i Infrastructure has confirmed that it is "considering its options" in relation to its interest in Anglian Water Group.
Frenkel Topping no longer looking for a suitor
Frenkel Topping issued an update to the market on Tuesday morning, confirming it had concluded the strategic review announced on 3 April.
HydroDec expecting growth despite weak feedstock market
With HydroDec investors gathering on Tuesday for the company’s annual general meeting, its CEO Chris Ellis was preparing to report expectations for significant growth in the first half, with revenues forecast to rise 12% year-on-year to $9. 1m.
