FTSE 100 weekly news summary: HSBC, BP, BT, Rio Tinto, Capital Shopping Centres, Rolls-Royce


BT (LON:BT.A) BT noted the announcement by Mahindra & Mahindra on proposals for M&M to acquire up to 5.5% of the equity shares of Tech Mahindra from BT.

Rio Tinto (LON:RIO) expanded the mineral resource base in the Pilbara by 2 billion tonnes in addition to the currently reported 14.4 billion tonnes of Mineral Resources and 2.8 billion tonnes of Ore Reserves.

Amec (LON:AMEC) has acquired BurmanGriffiths, a provider of estimating and programming services, from its owner managers, for a cash consideration of A$4.5 million.

HSBC (LON:HSBA) announced the appointment of Paul Thurston as Chief Executive, Retail Banking and Wealth Management with effect from 1 March 2011. HSBC has also announced the results for the nine months to 30 September for PT Bank Ekonomi Raharja. Profit before tax was at US$39 million, a decline of 2% compared with US$33 million for the same period in 2009.

Unilever (LON:ULVR) said that it will change the way it reports its results. As from the start of the 2011 financial year Unilever will release a quarterly trading statement for quarters 1 and 3 instead of publishing full financial results.

The quarterly trading statements will provide details of Unilever's sales performance in the quarter, with enhanced category disclosure and a full accompanying commentary.

BP (LON:BP) confirmed that it has been awarded a 100% interest in the North Arafura oil and gas production sharing contract (PSC) in onshore Papua Province by the government of Indonesia. BP also reported that BP Egypt has made a significant gas discovery in the Deepwater West Nile Delta area.

Antofagasta (LON:ANTO) said that group revenues in the nine months to 30 September rose from US$2.02 billion a year earlier to US$3.17 billion.

Petrofac (LON:PFC) as entered into a strategic alliance with Seven Energy International, a leading Nigerian production and development company.

Capital Shopping Centres Group (LON:CSCG) announced that the Simon Property Group is mulling a cash offer for the company at an unspecific premium to net asset value (NAV).

The letter received from Simon Group did not contain any offer or indicative offer nor provide any certainty that an offer would be made.

“Shareholders should be aware that there is no certainty that an offer will be made nor as to the terms upon which any such offer may be made,” cautioned CSC.

Capital Shopping Centres has also reached an agreement with Tokenhouse Holdings, one of the holding companies of the Peel Group, to acquire The Trafford Centre Group together with approximately £77 million in cash from Peel in exchange for up to 167.3 million new ordinary shares in CSC and an aggregate nominal amount of up to £209 million 4.076% convertible bonds to be issued by CSC.

Randgold Resources (LON:RRS) has made an application to the London Stock Exchange (LSE) and the UK Listing Authority for a block listing of 1 million ordinary shares.

Weir Group (LON:WEIR) has formed a joint venture with Shengli Oilfield Highland Petroleum Equipment to provide high-pressure well service pumps and related flow control equipment to the developing shale gas industry in China.

Rolls-Royce (LON:RR) has concluded new agreements to provide engine services for 50 of Emirates' existing fleet of 152 Boeing and Airbus wide-bodied aircraft. Rolls-Royce has also won an order from Air China for engines to power a total of 20 new Air China Ltd aircraft, comprising ten Airbus A350 XWBs and ten A330s. The contract is worth US$1.8 billion..

Anglo American (LON:AAL) has decided to begin a divestment process for its Callide thermal coal mine in Central Queensland, Australia.

Scottish & Southern Energy (LON:SSE) has agreed to invest a further £2.7 million in the wave energy developer Aquamarine Power, taking its total investment in the company over the last three years to £19.8 million and giving it a 45% stake.

Serco (LON:SRP) has signed a new contract with Hertfordshire County Council transform the Council's internal business processes, develop customer services and achieve efficiency savings of at least £25 million.

Autonomy Corporation (LON:AU) revealed that it has for the past several months been working on a specific acquisition.

“This work is ongoing. Recent developments within these talks have given rise to an additional opportunity that warrants further examination which could give rise to an acquisition process that exceeds our original planned time scale,” said Autonomy, refraining from disclosing any further information.

United Utilities (LON:UU) released its results for the six months to 30 September, saying that revenues declined from £786.6 million to £762.4 million.

SABMiller (LON:SAB) has acquired Cervecería Argentina S.A. Isenbeck, the third largest brewer in Argentina, from the Warsteiner Group.

Johnson Matthey (LON:JMAT) said that revenues in the six months to 30 September jumped 28% to £4.56 billion.

Compass Group (LON:CPG) reported that revenues in the full year to 30 September rose 7.6% to £14.5 billion.

Severn Trent (LON:SVT) released its interim results for the period to 30 September. Group turnover increased 1.9% to £867.9 million, while pre-tax profits tumbled 51.4% to £101.1 million.

BSkyB (LON:BSY) has submitted a document to Ofcom in relation to its investigation into whether News Corporation's proposal to acquire the shares in BSkyB would raise public interest considerations in respect of media plurality.

Financial Times publisher Pearson (LON:PSON) has agreed to acquire a 75% stake in CTI Education Group of South Africa for £31 million in cash.

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