National Express Group PLC wins major 1 billion Moroccan Bus Contract

National Express Group PLC (LON:NEX) today announce that its Spanish and Moroccan division, ALSA, has been awarded a major bus contract in the cities of Rabat, Salé and Temara, Morocco. Rabat is Morocco’s second most populous city and this contract will be ALSA’s largest in the kingdom. The 500 bus contract is expected to carry 109 million passengers a year …

BP PLC in Agreement with ConocoPhillips

BP PLC (LON:BP.) today announced that it has entered into agreements with ConocoPhillips that will significantly increase its holding in the Clair field, a core asset of BP’s North Sea business in the UK, while also selling its non-operating interest in the Kuparuk and satellite oilfields in Alaska. BP has entered into an agreement to purchase from ConocoPhillips a 16.5% …

Compass Group PLC Johnny Thomson is standing down as Group Finance Director

Compass Group PLC (LON:CPG) today announced that Johnny Thomson is standing down from his role as Group Finance Director. Johnny will leave by the end of December and the search for a successor will be started immediately. Paul Walsh, Compass Group’s Chairman, said: “We are very grateful to Johnny for his significant contribution to Compass over the last 9 years …

Smurfit Kappa Group plc completed the acquisition of Reparenco

Smurfit Kappa Group plc (LONLSKG), one of the world’s largest integrated manufacturers of paper-based packaging products with operations in Europe and the Americas, today announced that it has completed the acquisition of Reparenco, a paper and recycling business in the Netherlands, for €460 million. The acquisition represents a transaction multiple, pre-synergies, of 6.4x Reparenco’s 2018 expected full year EBITDA of …

Micro Focus International plc Proposed sale of the SUSE Business

Micro Focus International plc (LON:MCRO), the global infrastructure software business, today announced that it has agreed definitive terms to sell its SUSE business segment  to Blitz 18-679 GmbH, a newly incorporated indirectly wholly-owned subsidiary of EQTVIII SCSp  which is advised by EQT Partners, for a total cash consideration of $2.535 billion  on a cash and debt free basis and subject …

Tesco PLC enter into a Long Term Strategic Alliance with Carrefour

Tesco PLC (LON:TSCO) and Carrefour are announcing their intention to enter into a long-term, strategic alliance. The Alliance will cover the strategic relationship with global suppliers, the joint purchasing of own brand products and goods not for resale. It will be governed by a three-year operational framework. The Alliance will enable both companies to improve the quality and choice of products …

AstraZeneca PLC Lynparza and Imfinzi Approved in Japan

AstraZeneca PLC (LON:AZN) and MedImmune, its global biologics research and development arm, today announced that the Japanese Ministry of Health, Labour and Welfare approved Imfinzi (durvalumab) as maintenance therapy after definitive chemoradiation therapy (CRT) in locally-advanced (Stage III), unresectable non-small cell lung cancer (NSCLC). Dave Fredrickson, Executive Vice President, Head of the Oncology Business Unit said: “Non-small cell lung cancer …

BAE Systems PLC contract update

BAE Systems PLC (LON:BA.) today issued this statement to provide an update on a number of contracts it has been pursuing in the first half of the year. SEA 5000 The Australian Commonwealth Government has selected BAE Systems as the preferred tenderer to deliver its nine ship Future Frigate programme for the Royal Australian Navy. The overall announced programme is …