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Company News

Bringing you the latest in company news.

Company News

  • BT attempt to change pension indexation blocked by High Court

    Friday 19 Jan 2018

    (ShareCast News) - BT Group has been blocked by a High Court ruling from changing the rate of inflation used to calculate the pension deficit for many of its workers.

  • Record upbeat after third quarter performance

    Friday 19 Jan 2018

    (ShareCast News) - Specialist currency manager Record announced on Friday that its assets under management equivalents (AUME) at the end of its third quarter on 31 December totalled $63.9bn, up from $61.2bn at the start of the quarter.

  • United Oil and Gas confirms commercial discovery at Italian asset

    Friday 19 Jan 2018

    (ShareCast News) - United Oil & Gas has confirmed a "significant commercial discovery" from a well in the Selva gas field in northern Italy, with a production concession application to the Italian Ministry planned for submission before the end of first half of 2018

  • United Oil and Gas confirms commercial discovery at Italian asset

    Friday 19 Jan 2018

    (ShareCast News) - United Oil & Gas has confirmed a "significant commercial discovery" from a well in the Selva gas field in northern Italy, with a production concession application to the Italian Ministry planned for submission before the end of first half of 2018

  • Bonmarche tumbles as sales drop over Christmas

    Friday 19 Jan 2018

    (ShareCast News) - Shares in Bonmarche tumbled on Friday as the womenswear retailer posted a drop in sales over the Christmas period amid a "challenging" clothing market.

  • Fevertree shoots higher on bid speculation and broker 'buy' recommendation

    Friday 19 Jan 2018

    (ShareCast News) - Fevertree Drinks is in a "unique" position to capitalise on the 'premiumisation' or 'gin-naissance' trends in the drink industry, analysts believe, leading to rumours on Friday that the company may be a takeover target.

  • Aviva finalises disposal of Taiwanese operations to JV partner

    Friday 19 Jan 2018

    (ShareCast News) - Insurance group Aviva has completed the sale of its 49% shareholding in its Taiwanese joint venture, First Aviva Life, to its partner First Financial Holdings.

  • Carpetright shares floored by second profits warning as Xmas sales plunge

    Friday 19 Jan 2018

    (ShareCast News) - Shares in flooring and beds specialist Carpetright plunged on Friday as the company issued another profits warning and reported trading in its important post-Christmas period "significantly behind expectations".

  • Esure boss Vann departs amid strategy rethink, sale speculation

    Friday 19 Jan 2018

    (ShareCast News) - Motor and home insurer Esure's chief executive Stuart Vann has left the company with immediate effect as the company "evolves" its strategy, with founder and chairman Peter Wood taking a more active role.

  • HSBC pays US settlement after 'front-running' forex fraud

    Friday 19 Jan 2018

    (ShareCast News) - HSBC has agreed a financial settlement with the US Department of Justice to resolve its investigation into the bank's foreign exchange division misusing confidential client information and giving false information to a corporate client between 2010 and 2011.

  • British Land appoints Simon Carter as CFO

    Friday 19 Jan 2018

    (ShareCast News) - British Land has appointed Simon Carter - currently chief financial officer at Logicor - as its new CFO, succeeding Lucinda Bell.

  • Dignity issues profits warning as funeral price war intensifies

    Friday 19 Jan 2018

    (ShareCast News) - Funeral provider Dignity issued a profits warning on Friday as it said 2018 results would be slammed by a price war in the sector.

  • AstraZeneca gets approvals for Fasenra and Lynparza in Japan

    Friday 19 Jan 2018

    (ShareCast News) - AstraZeneca announced the approval of two of its drugs in Japan on Friday - Fasenra (benralizumab) as an add-on treatment for bronchial asthma in patients who continue to experience asthma exacerbations despite treatment with high-dose inhaled corticosteroid and other asthma controllers, and Lynparza (olaparib) tablets at 300mg twice daily, for use as a maintenance therapy for patients with platinum-sensitive relapsed ovarian cancer, regardless of their BRCA mutation status, who responded to their last platinum-based chemotherapy.

  • Evraz reports higher steel product output

    Thursday 18 Jan 2018

    (ShareCast News) - Shares in Evraz jumped after the steelmaker reported that consolidated crude steel output was at 3.5m tonnes during the final three months of 2017, unchanged from the prior quarter.

  • Barratt Developments in JV with Swindon Council

    Thursday 18 Jan 2018

    (ShareCast News) - Barratt Developments and Swindon Council on Thursday said they had formed a joint venture to develop approximately 250 hectares of land with around 2,670 new homes over the next 20 years.

  • BP and Shell eyeing first purchases of Libyan crude in four years

    Thursday 18 Jan 2018

    (ShareCast News) - Royal Dutch Shell and BP are said to have agreed to annual purchase deals of Libyan crude on Thursday as recovering production levels from the North African nation and decreased security fears began to draw in several of the world's largest oil companies.

  • ZPG raises 200m through issue of senior notes

    Thursday 18 Jan 2018

    (ShareCast News) - ZPG, the owner of uSwitch and Zoopla, has raised 200m through the issue of senior notes due 2023 at 3.750%.

  • Ten Entertainment strikes it rich after expanding bowling offer

    Thursday 18 Jan 2018

    (ShareCast News) - Ten-pin bowling company Ten Entertainment Group said profits would be at the top end of expectations after diversifying its sales offering helped shielded sales from losses suffered on other sectors of the leisure industry.

  • Imperial Brands sees little impact from US tax changes

    Thursday 18 Jan 2018

    (ShareCast News) - Imperial Brands said on Thursday that it does not expect changes to the US tax system to materially impact its adjusted effective tax rate as it already benefits from "substantial" US tax amortisation of goodwill and intangibles, which contributes to a relatively low adjusted effective tax rate.

  • US tax cuts boost Balfour EPS by 4%, says Numis

    Thursday 18 Jan 2018

    (ShareCast News) - The boost from US tax cuts should provide a 4% earnings per share boost at infrastructure construction specialist Balfour Beatty, broker Numis said on Thursday.

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