United States

Shariq Khan

PDC Energy to buy SRC for $971 million in cash push; shares soar

Aug 26 2019

Oil and gas producer PDC Energy Inc on Monday agreed to buy smaller rival SRC Energy Inc in a $971.3 million all-stock deal, in an attempt to boost its cash flow and create the second largest producer in Colorado's DJ basin.

CannTrust fires CEO after Health Canada finds unlicensed pot production

Jul 25 2019

CannTrust Holding Inc said on Thursday it fired Chief Executive Officer Peter Aceto, more than two weeks after Health Canada found the marijuana producer grew cannabis in unlicensed rooms.

Building supplier SIG hit by weak UK construction market

Jul 05 2019

Building materials supplier SIG Plc on Friday sounded another warning for Britain's construction industry as it blamed a marked deterioration in activity for lower first half like-for-like sales, sending its shares down as much as 12%.The construction industry in Britain had its worst month in June since the 2009 recession according to the latest PMI data, hit by uncertainties over Britain's exit from the European Union.

UPDATE 2-Building supplier SIG hit by weak UK construction market

Jul 05 2019

* Exploring disposal of Air Handling unit (Adds details, background, analyst comment)

Investors swoop on British build-to-rent sector

Jul 03 2019

Property firms are turning to Britain's budding build-to-rent sector, which caters to students and city dwellers seeking affordable accommodation, as traditional home building and selling falters on weak consumer confidence.

UPDATE 3-JD Sports counters retail gloom with global expansion, gym style push

Jul 03 2019

* Analyst sees scope for winning market share (Adds AGM results, comment)

WRAPUP 1-Investors swoop on British build-to-rent sector

Jul 03 2019

* Student housing firm Unite buys rival Liberty Living for 1.4 bln

CBRE to buy Telford Homes to tap into Britain's build-to-rent market

Jul 03 2019

U.S. real estate firm CBRE Group Inc said it would buy British property developer Telford Homes Plc for about 267 million pounds ($336 million) in a bid to expand into Britain's apartment rental market.

Fastjet CEO Bezuidenhout returns to Mango to lead turnaround

Jul 02 2019

South Africa's Mango Airlines has rehired Nico Bezuidenhout as chief executive to speed up its recovery plan, turning to an executive who led the business for nearly a decade and recently steered Africa's Fastjet back from financial crisis.

Pendragon boss quits after just three months steering UK car dealer

Jun 27 2019

Pendragon Plc's Chief Executive Mark Herbert is leaving the car dealership after only three months in charge during which the company warned it would make a loss this year.

World News