Carpetright (CPR) has announced plans to raise net proceeds of £60 million via a placing of new shares. Roughly a third of these funds will be used to cover the costs of its company voluntary arrangement and repay outstanding short term debts while the remainder will satisfy the capital expenditure requirements of the firm’s Revised Business Plan.
Pharma giant AstraZeneca (AZN) struggled during the first quarter with sales and earnings falling, Investment in new products, and a faster than anticipated decay of Crestor sales in Europe and Japan.
Geopolitical and supply concerns are helping to push the price back towards levels last seen in late 2014.
Shares in grocery delivery outfit Ocado (LON:OCDO) soared 278.8p to 827p (as at 14:50 BST) after the company announced that it had inked a deal with US retail giant Kroger. Under the arrangement, Kroger will use Ocado’s technology for food distribution to improve and centralise their online shopping experience. The financial effects of the deal are…
Shares in Fevertree (FEVR) had fallen by 7.38% to 2,709.25p at 1425 BST as the posh mixer maker failed to fizz.
Information services firm Experian (EXPN) had a strong finish to the year ended 31st March with total revenues for the 4th quarter up by 12%. as North American customer services returned to growth.
PaddyPower Betfair (PPB) may once again be on the merger market after Monday’s US Supreme Court decision. The company this morning confirmed that it was in discussions with US fantasy sports operator FanDuel to create a combined business targetting the US sports betting market.
New deal with AkzoNobel could expand Itaconix marketing reach.
Burberry’s improved profit margins and share buybacks may be bringing it back in style.
Budget airline EasyJet (LON:EZJ) narrowed losses over the six months ended 31st March to £18 million, helped by rival operators’ reduced capacity and the Easter period being partially within the half-year. Passenger numbers were up by 3 million to 36.8 million, leading to a 19% increase in total revenues, which climbed to £2.18 billion. Part of…