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16 March 2021 | 13:34pm StockMarketWire.com - WGSPN, a subsidiary of John Wood Group, has reached a civil settlement with Scotland s Civil Recovery Unit in relation to the historical engagement of Unaoil by a legacy joint venture and potential unlawful conduct. The civil settlement relates to conduct in Kazakhstan in the period between 2008 and 2010. A joint venture in the legacy PSN business, which was acquired by Wood in 2011, paid Unaoil a total of 1,358 million Kazakhstan Tenge (then approximately US$8.74m) in fees. Payments were on a commission basis and continued until 2015 although there is limited evidence of what services Unaoil provided for these fees. ....
16 March 2021 | 12:08pm StockMarketWire.com - The FTSE 100 was back above 6,800 by Tuesday lunchtime as sterling weakness and US stimulus optimism helped lift the index. At midday the index was up 0.9% to 6,809.61. Bakery chain Greggs rallied 4.7% to £23.15, even as it reported its first loss as public company, but voiced optimism, saying it had made a better-than-expected start to 2021. Greggs continued to keep its dividend suspended, saying it would need to return to a level of profitability and cash generation sufficient to resume payouts. Natwest, the bank formally known as Royal Bank of Scotland, slipped 1.1% to 186.5p on confirming that UK authorities had launched criminal proceedings against it over historic allegations of money laundering. ....
16 March 2021 | 16:36pm StockMarketWire.com - The FTSE 100 enjoyed a positive day on Tuesday to finish just above 6,800 up 0.8% by the close. News that European Medicines Energy believes the benefits of the AstraZeneca vaccine outweigh any risks after several European countries suspended its use helped sentiment. AstraZeneca shares were up 3.5% to £72.20. The company agreed to supply 500,000 additional doses of its Covid-19 vaccine to the US. AstraZeneca also announced that it had sold its 26.7% stake in Viela Bio, owing to Horizon Therapeutics s acquisition of Viela, for cash proceeds and profit of about $775 million. The S&P 500 was flat by 4.30pm UK time with tomorrow s meeting of the US Federal Reserve and any potential signal on the pace and direction of interest rates in focus. ....