Capita announced the renewal of its contract with the Cabinet Office to administer the Royal Mail Statutory Pension Scheme (RMSPS) on Tuesday, for an additional six years from 2026. The London-listed outsourcing specialist said the contract included an option to extend for a further two years, following a competitive selection …
Read More »MediaZest winning new business at ‘encouraging’ rate
Audio-visual creative company MediaZest updated the market on new business wins on Tuesday, reporting that it had continued to secure new project work since its last update on 11 February at “an encouraging rate”. The AIM-traded firm, which was holding its annual general meeting, said more than £0.25m of confirmed …
Read More »Bonhill has $1.1m US paycheck loan forgiven
Bonhill Group updated the market on its US Paycheck Protection Program (PPP) loan on Tuesday, having received the $1.1m loan on 29 May. The AIM-traded business information, events and data company said the loan was made to protect US jobs and, provided it used it for employee retention, payroll and …
Read More »FTSE 250 movers: Weir Group and Serco pace gains amid bargain hunting
London’s second-tier index finished in the red yet again as investors took stock of the Chinese coronavirus’s continuing spread globally and after the US Centers for Disease Control and World Health Organisation called for measures to be put in place immediately to break its advance. Despite those warnings and a …
Read More »Director dealings: Midwich MD makes share purchase
Fenby, who took over as MD at Midwich back in 2010, bought the shares on Friday at an average price of 500.0p each, for a total transaction value of £1,000,000. Midwich chairman Andrew Herbert’s wife Sharon also snapped up 3,000 ordinary shares in the firm. As of 1635 GMT, Midwich …
Read More »FTSE 250 movers: Royal Mail tumbles, Direct Line climbs
London’s FTSE 250 was down by 0.83% at 20,304.86 in afternoon trade on Thursday, with Royal Mail dragging the index lower. Shares in the mail carrier tanked after the company said its transformation programme was behind schedule, cut its interim dividend and warned of a “challenging” outlook for the letters …
Read More »FTSE 250 movers: IG Group climbs, Dunelm drops
London’s FTSE 250 was 0.15% higher at 20,083.88 in afternoon trade on Thursday, with IG Group leading the index higher. Shares of the online trading platform surged as it reported flat first-quarter revenues, saying that it performed well and backed its expectations for a return to revenue growth in FY20. …
Read More »FTSE 250 movers: Metro Bank chugs higher, Kainos falls
London’s FTSE 250 was down 0.82% at 19,624.51 in afternoon trading on Wednesday, with Metro Bank leading the index higher. Aston Martin Lagonda also racked up solid gains, following other luxury goods stocks higher on investor optimism that a breakthrough in Hong Kong will ensure continued demand from Chinese consumers. …
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