Today's Company announcements
Compass Acquisition. The company has agreed to acquire Elior's operations in the Netherlands which will extend its existing presence in the country.
Rolls-Royce Contract. It has secured a $200m order from Turkish Airlines for Trent 700 engines to power 3 Airbus A330 freighter aircraft.
Punch Taverns Strategic Review. It has confirmed it is to split up and spin off the better-performing managed pubs division into a separate listed company in order to restructure its debt burden. Punch will also reduce its tenanted operations to around 3,000 pubs and expects the separation into two independent companies before the end of the summer.
Cairn Energy Preliminary Results saw profit for the year of $1.1bn on increased revenue of $1.6bn. Completion of the sale of up to a 51% shareholding in Cairn India to Vedanta is awaiting Government of India approval. This planned sale would lead to a significant return of capital to shareholders and Cairn is working with the Government of India in a 'positive and constructive manner'.
Rolls-Royce Contract. It has secured a $200m order from Turkish Airlines for Trent 700 engines to power 3 Airbus A330 freighter aircraft.
Punch Taverns Strategic Review. It has confirmed it is to split up and spin off the better-performing managed pubs division into a separate listed company in order to restructure its debt burden. Punch will also reduce its tenanted operations to around 3,000 pubs and expects the separation into two independent companies before the end of the summer.
Cairn Energy Preliminary Results saw profit for the year of $1.1bn on increased revenue of $1.6bn. Completion of the sale of up to a 51% shareholding in Cairn India to Vedanta is awaiting Government of India approval. This planned sale would lead to a significant return of capital to shareholders and Cairn is working with the Government of India in a 'positive and constructive manner'.
