AstraZeneca plc (LON: AZN) confirmed on Tuesday that it had sold commercial rights to its drug for hypertension management for £294.44 million to Cheplapharm Arzneimittel GmbH. AstraZeneca is almost flat on average on the intraday chart. At £74 per share, the stock has recovered significantly compared to the low…
In a statement on Tuesday, Plus500 Ltd (LON: PLUS) said that it expects an over 100% growth in its annual revenue. The company attributed the hawkish forecast to the Coronavirus pandemic that fuelled trading volumes this year in financial markets. In its report published in July, the British…
Next plc (LON: NXT) raised its guidance for annual pre-tax profit on Tuesday, but warned that the figure will remain significantly weaker than last year. The company also said that trading during the Christmas period remained under pressure this year due to the ongoing Coronavirus pandemic that has so…
WM Morrison Supermarkets plc (LON: MRW) said on Tuesday that its underlying sales posted a significant increase on a year over year basis in the 22 weeks that concluded on 3rd January. The company attributed the increase in sales to the Coronavirus pandemic that restricted people to their homes…
In a report on Sunday, the Wall Street Journal said that MGM Resorts International (NYSE: MGM) plans on buying Entain plc. The agreement with the British gaming company, the report added, will help the casino operator expand its footprint in the online gambling business. MGM Resorts is currently exchanging…
Ferguson plc (LON: FERG) said on Monday that it had struck a deal with a private equity company based in the United States to offload its U.K. business, Wolseley, for £308 million in cash. The British multinational also highlighted that it expects to complete the transaction by the end…
Countrywide plc (LON: CWD) agreed to the sweetened buyout proposal from Connells Ltd on Thursday. It was the second time for the property services company to raise its buyout offer. Other prominent bidders seeking to bring Countrywide under their umbrella included private equity firm, Alchemy. Countrywide opened more than…
In an announcement late on Wednesday, Aldi said that it plans on increasing its purchase of food and drinks by £3.5 billion from British suppliers over the next five years. Holding the 5th spot in the league of the UK’s largest supermarket groups, Aldi is currently committed to a rapid…
Energean Oil & Gas plc (LON: ENOG) said on Wednesday that it struck an agreement with Kerogen (private equity group) to buy the remaining 30% stake in Energean Israel Limited (EISL). Following the completion of the transaction, the gas exploration and production firm will have full control of its…
AstraZeneca plc (LON: AZN) said it received approval from the United Kingdom for its COVID-19 vaccine that it developed in collaboration with Oxford University on Wednesday. Britain is the 1st country to have approved the pharmaceutical giant’s COVID-19 vaccine for use as it struggles to combat the pandemic that…
In an announcement on Tuesday, Hut Group (LON: THG) said it will buy Dermstore for £259 million in cash – a move that’ll help its beauty brands secure a broader share in the U.S market. Dermstore is a California-based online retailer for skincare and beauty products that is currently a…
In an announcement on Wednesday, Marston’s plc (LON: MARS) said it will take over all 156 Brains’ pubs in Wales. The deal, it added, will save 1,300 jobs amidst the ongoing Coronavirus pandemic that has pushed businesses into massive job cuts this year. As per the British company, it…
A consortium led by Blackstone Infrastructure Partners and B&J Holdings Limited struck a takeover deal with Applegreen plc (LON: APGN) on Tuesday. As per sources, the deal values the Dublin-headquartered gas station operator at roughly £652.73 million. Applegreen shares were reported about 1% up in premarket trading on Tuesday…
Vodafone Group plc (LON: VOD) said on Monday that it pulled out of talks with Saudi Telecom Company after the largest telecom operator in the Kingdom missed multiple deadlines to fulfil the agreement that entailed it buying a 55% stake in Vodafone Egypt. Vodafone shares opened about 0.5%…
Frasers Group plc (LON: FRAS) said on Monday that it was withdrawing its forecast for fiscal 2021 as the government imposed new restrictions to combat the 2nd wave of the Coronavirus pandemic. The COVID-19 crisis has so far infected 200 thousand people in the United Kingdom and caused over…
In an announcement on Monday, Royal Dutch Shell plc (LON: RDSA) expressed plans of writing down £2.64 billion to £3.39 billion worth of oil and gas assets to combat weaker outlook fuelled by the Coronavirus pandemic that has so far infected more than 77 million people worldwide and caused…
NatWest Group plc (LON: NWG) said on Friday that it will buy Metro Bank’s (LON: MTRO) owner-occupied residential mortgage portfolio for £3.13 billion. The agreement will help the British retail and commercial bank to boost its capital amidst the ongoing Coronavirus pandemic that has weighed heavily on its business…
In a report on Friday, El Confidencial said that International Consolidated Airlines Group (LON: IAG) has struck a deal valued at £453.15 million to buy the 3rd largest Spanish airline, Air Europa. Citing unnamed sources, the digital newspaper said that payment for the acquisition was likely to be delayed…
Morses Club plc (LON: MCL) said on Friday that its profit in the fiscal first half printed at £2.3 million that represents a 76% decline on a year over year basis, that it attributed to the ongoing Coronavirus pandemic that has so far infected more than 1.9 million people…
In an announcement on Thursday, Serco Group plc (LON: SRP) said that its underlying trading profit in fiscal 2020 was likely to come in roughly 35% up on a year over year basis. The company also named Nigel Crossley as its next CFO on Thursday. Crossley will take the…
SSP Group plc (LON: SSPG) said on Thursday that it concluded fiscal 2020 with a pre-tax loss due to the ongoing Coronavirus pandemic that has so far infected more than 19 million people in the United Kingdom and caused over 66 thousand deaths. SSP Group closed the regular session…
Bunzl plc (LON: BNZL) expressed confidence on Wednesday that its financial performance in fiscal 2020 will remain upbeat as the Coronavirus pandemic continued to fuel orders in the fourth quarter. The company also said that it had completed Snelling acquisition but did not disclose the value of the deal.
In a report on Wednesday, Dixons Carphone plc (LON: DC) said that it concluded the fiscal first half with a pre-tax profit. The company attributed its hawkish financial performance to strong electrical sales. In a report published in July, Dixons had reported a 50% decline in annual profit.
JD Sports (LON: JD) revealed to have bought Shoe Palace for £244 million on Tuesday – an acquisition that the British company expects will help it expand its operations in the United States West Coast. JD Sports bought Finish Line in 2018 to make a debut in the U.S.
Rightmove plc (LON: RMV) forecast on Monday that house price inflation will keep much of its momentum next year and decline only slightly to 4% despite an expected rise in unemployment, as per the Bank of England’s forecast. Rightmove shares, that you can learn to buy online here,…
