Latest News

Centrica purchases National Grid’s Grain LNG business


By Michael Griffiths

National Grid has agreed to sell its Grain LNG business to a consortium of British Gas owner, Centrica, and Energy Capital Partners, which is part of Bridgepoint Group.

The proceeds of the transaction will total £1.66bn, National Grid has estimated, which includes a pre-completion dividend


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Associated British Foods acquires Hovis Group

Associated British Foods (ABF) has announced a deal to acquire Hovis Group from Endless LLP for an undisclosed amount

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Evelyn Partners owners exploring potential sale

Wealth management group Evelyn Partners is exploring a potential sale with NatWest and Royal Bank of Canada in the frame as potential buyers, a report by The Financial Times has revealed

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Murray International Trust’s net asset value jumps 3.4%

Murray International Trust has seen its net asset value per share increase by 3.4% in the six months to 30 June, totalling 287.9 pence in this period

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Empiric agrees to £723m Unite acquisition

Empiric Student Property has agreed to an acquisition offer from The Unite Group, valued at a cash and share capital value of £723m

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Savills reports growth despite Q2 slowdown

Savills has posted a 6% jump in revenue to £1.13bn in its H1 results, although the real estate group did report a slowdown in Q2 activity

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PageGroup’s profits tumble in H1

Recruitment company PageGroup has posted a 99.2% decline in pre-tax profit in H1, slipping from £27.7m last year to just £200,000

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Persimmon backs guidance in H1 results

Persimmon has reiterated its house completions guidance for the full-year, after its new housing revenue increased by 12% year-on-year to £1.31bn in its half-year results

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Misys Retirement Benefits Plan completes £25m buy-in with L&G

The Misys Retirement Benefits Plan has completed a £25m buy-in with Legal & General (L&G), securing the benefits of around 190 deferred and pensioner members

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Bellway revenue jumps 17% year-on-year

Bellway has recorded a 17% increase in its housing revenue, which totalled just over £2.76bn in the year to 31 July

Entain beats expectations in H1

Entain has seen its group net gaming revenue (NGR) increase by 7% in the first half of its financial year, as it beat expectations
Spirax reports organic growth and reiterates full year guidance

Spirax has posted a revenue of £822.2m in H1, a level down 1% from last year but up 3% on an organic basis
Shoe Zone halves profit guidance

Shoe Zone has halved its profit guidance for the full-year from £5m to £2.5m, citing "challenging trading conditions"


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