Market Report
Petrofac trading in line after revival of orders
Petrofac said it was trading in line with expectations after a revival of new orders for the oilfield services group in 2017.
Domino's Pizza Group buys another 44pc of Iceland franchisor
UK master franchise holder Domino's Pizza Group announced the proposed acquisition of a further 44. 3% shareholding in Domino's Iceland for EUR 30. 2m (£26. 7m) on Thursday, taking its ownership to 95. 3%.
CMA fines Berendsen for cleanroom laundry competition pact
UK competition regulators have slapped a £1. 7m fine on Berendsen and a rival laundry company after finding them guilty of collusion.
Grainger picked for large Lewisham Council development
Lewisham Council has announced that Grainger has been selected as the preferred bidder for a partnership to develop and own 232 new purpose-built private rented homes, and provide a new ethical rental offer to Lewisham residents including long-term, family-friendly tenancies, Grainger announced on Thursday.
PZ Cussons warns over half-year operating profit
Imperial Leather and Original Source owner PZ Cussons warned on Thursday that first-half operating profits will be around 10% lower than the previous period due to reduced margins in some business units in Europe and Africa.
Polymetal takes top spot in major sustainability rankings
Polymetal International was celebrating on Thursday, after it was awarded the top rating in environmental responsibility among Russian metals and mining companies.
United Utilities says planning for new pricing regime is 'advanced'
United Utilities said its plans to meet new water pricing requirements were at an advanced stage after it consulted with customers.
IMI gobbles up Bimba in £148m deal
IMI has agreed to acquire Bimba, a manufacturer of pneumatic, hydraulic and electric motion solutions with an extensive distributor network principally servicing the North American industrial automation market, it announced on Thursday.
London pre-open: Stocks seen lower as investors eye BoE, ECB policy announcements
London stocks were set for a slightly weaker open on Thursday as investors digested a rate hike by the Federal Reserve and looked ahead to more policy decisions from the Bank of England and the European Central Bank.
Bunzl eyes further deals after record spending on acquisitions
Bunzl said it was considering further acquisitions after the purchase of an industrial packaging company took its spending on takeovers this year to a record £600m.
Australian regulator plans to block BP's Woolworths acquisition
Australia's competition regulator has warned that it is likely to block BP's proposed acquisition of Woolworths’ retail fuel business.
Thursday newspaper round-up: Brexit defeat, Ofwat, Russian gas, Heathrow
Theresa May suffered her first Brexit defeat in the Commons last night as Tory “mutineers” ensured that MPs must approve the terms of Britain’s departure from the EU. The move prompted recriminations from Leave supporters who accused pro-Remain MPs of trying to delay or reverse the EU referendum result by creating the opportunity to reject the terms of withdrawal at a later date. - The Times.