Company news

Ryanair CEO signs five-year contract

Ryanair Holdings chief executive Michael O’Leary has signed a new five year contract which commits him to the company until September 2019. This new contract replaces a rolling 12 month arrangement under which O’Leary has worked as CEO of the airline since Ryanair Holdings plc first floated in 1997. O’Leary has been granted options over […]

Mining Sector: Aquarius Platinum up after rise in Q1 revenues

Aquarius Platinum’s shares (LON:AQP) were up in late trading after it announced that first quarter revenue increased to $62m – 3% up on last time and in line with slightly higher prices. On-mine earnings before interest, tax, depreciation and amortisation increased 138% to $14.8m (Q1 2014: $6.3m). The group had a cash balance (excluding cash […]

VTB Bank challenges EU Council sanctions

VTB Bank has filed a lawsuit with the Court of Justice of the European Union to challenge the EU Council’s decision to impose sanctions on VTB. VTB claims this is to the detriment of both the bank and its clients. VTB says it will not comment further on the lawsuit nor on the progress of […]

CMA looks at NHS Trusts' deal

The Competition and Markets Authority is looking at the anticipated acquisition by Chelsea and Westminster Hospital NHS Foundation Trust of West Middlesex University Hospital NHS Trust. The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the provisions of […]

CMA clears Eden (GM)-Riders' Garages deal

The Competition and Markets Authority has cleared the completed acquisition of two Vauxhall dealerships from Riders’ Garages by Eden (GM). The CMA has decided on the information currently available not to refer the transaction to a phase 2 investigation under the provisions of the Enterprise Act 2002. The text of this decision will be placed […]

Fyffes terminates proposed deal with Chiquita

Fyffes has exercised its right to terminate its revised transaction agreement with Chiquita Brands International. Fyffes executive chairman David McCann said: “Fyffes remains the leading European banana company with turnover in excess of €1bn and a long and successful history of growth. “Fyffes management team has a proven superior track record of delivering shareholder value, […]

Magnit opens 178th hypermarket

Russia food retailer Magnit has opened its 178th hypermarket of a small format located at 37, Zaslavskogo street, Serov, Sverdlovsk oblast, Urals federal region. Assortment of the hypermarket consists of about 12,500 SKUs, out of which about 74% are food items. There are 19 cash desks installed in the sales area. The outlet is owned […]

Wildhorse Energy schedules AGM

Wildhorse Energy will hold its annual general meeting at the Plaza Level, BGC Centre, 28 the Esplanade, Perth, Western Australia, on 25 November at 12.00 (WST). At 1:54pm: (LON:WHE) Wildhorse Energy share price was +0.01p at 0.28p Story provided by

EVO-office2office scheme takes effect

The scheme of arrangement for EVO Business Supplies’ recommended cash offer for office2office has become effective. Story provided by

AstraZeneca cancer drug gets CHMP positive opinion

AstraZeneca drug Lynparza (olaparib) has received a positive opinion from the the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP). Lynparza (olaparib) received a positive opinion as monotherapy for the maintenance treatment of adult patients with platinum sensitive relapsed BRCA-mutated (germline and/or somatic) high grade serous epithelial ovarian, fallopian tube or primary […]

LSR Group pays fourth coupon on bonds

LSR Group fully paid the fourth coupon on its series 04 certificated interest-bearing non-convertible bearer bonds with mandatory safekeeping worth RUB117,810,000. The bond issue was placed on 26 October 2012. The maturity is 1820 days since the placement date divided into 10 coupon periods. The total size of the issue is 2,800,000 bonds with a […]

Alpha Prospects notes AEG update on Canada forestry

Alpha Prospects, the investment management company listed on the GXG Exchange, has informed shareholders of an update issued by its investee company Active Energy Group. AEG – which in July entered into an important new joint venture to exclusively commercialise mature forestry assets in Alberta, Western Canada – today announced the completion of the forestry […]

AvangardCo hit by military action in eastern Ukraine

Military action in eastern Ukraine hit egg producer AvangardCo’s output in the nine months to the end of September. The company said the total poultry flock fell by 18% year-on-year to 25.9 million heads at 30 September while the population of laying hens decreased by 25% year-on-year to 18.5 million heads. The company says that […]

AkzoNobel opens Changzhou plant

AkzoNobel has started operations at its state-of-the-art vehicle refinishes plant in Changzhou, China, – the company’s 30th manufacturing facility in the country. The new factory adds around 25 million litres of capacity for Sikkens, Lesonal and Prime vehicle refinishes products and strengthens AkzoNobel’s position as one of the leading players in China’s vehicle refinishes and […]

Hornby completes warehouse move

International hobby products group Hornby has completed the warehouse move to its new facilities in Hersden, Canterbury. Hornby – which owns the iconic model rail product range – has evolved to incorporate famousbrands such as Airfix and Humbrol in model kits and paints, Corgi in die-cast and Scalextric slot racing. Hornby has expanded internationally with […]

Avation takes delivery of 20th new ATR 72

Avation, the commercial passenger aircraft leasing company, has taken delivery of its 20th new ATR 72 aircraft from the factory in Toulouse. The aircraft has been leased to UNI Airways Corporation, the largest regional domestic airline in Taiwan. This is the second ATR72-600 type aircraft that the company has delivered to UNI Airways Corporation. Commenting […]

BOG signs $35m loan agreement with DEG

Bank of Georgia Holdings has signed a US$35m senior loan agreement with Deutsche Investitions und Entwicklungsgesellschaft mbH. The loan bears a maturity of five years and will be used to extend financing to the growing SME sector in the country. Bank of Georgia chief executive Irakli Gilauri said: “I’m very pleased to once again join […]

CMA to weigh Immediate Media-Future undertakings

The Competition and Markets Authority has decided that Immediate Media Company Bristol’s acquisition of certain assets of Future Publishing has or may result in a substantial lessening of competition. But the CMA says it is considering whether to accept undertakings under the Enterprise Act 2002 Act rather than refer the transaction for investigation. If no […]

Aquarius Platinum revenues up

Aquarius Platinum’s revenue increased to $62m in the first quarter – 3% up on last time and in line with slightly higher prices. On-mine earnings before interest, tax, depreciation and amortisation increased 138% to $14.8m (Q1 2014: $6.3m). The group had a cash balance (excluding cash in joint venture entities) of $138m at the end […]

Hyundai Motor results 'in line with its rating'

Moody’s Investors Service says that Hyundai Motor Co’s moderate operating results for the third quarter remain in line with its Baa1 rating and stable outlook. Moody’s senior vice-president Chris Park said: “Despite the year-on-year weakening in 3Q 2014, Hyundai Motor’s profitability remained robust when compared with its similarly-rated global auto peers such as Honda Motor […]

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