Intertek acquires Australia's Envirolab, Domino's Pizza announces £20m share buyback
By Iain Gilbert
Date: Monday 01 Sep 2025
(Sharecast News) - LONDON PRE-OPEN
The FTSE 100 was expected to open just 0.1 point higher ahead of the bell on Monday after wrapping up the previous session 0.32% lower at 9,187.34.
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Quality assurance provider Intertek has acquired Australian environmental testing and analysis provider Envirolab for an undisclosed sum, exposing it to the "fast growth and attractive" Asia-Pacific environmental testing market. Intertek said Envirolab, with over 200 staff across five laboratories in Australia and New Zealand, generated revenues of £28m in the financial year ended June 2025.
Domino's Pizza Group announced a £20m share buyback on Monday as it takes advantage of a big plunge in its share price over recent weeks. The UK-based master franchise of the American fast-food chain, which had hinted at the resumption of share buybacks at its half-year results in early August, said full-year expectations remain unchanged, though net debt was now expected to be higher than previously expected.
NEWSPAPER ROUND-UP
Norway has agreed a £10bn deal for anti-submarine warships that will be built in the UK, as the two countries plan joint operations in northern Europe to deal with increased Russian activity. The Ministry of Defence said the agreement to build Type 26 frigates was the UK's biggest ever warship export deal by value, and Norway's biggest defence procurement deal. - Guardian
Companies could be prosecuted and face unlimited fines if they fail to prevent fraud that their firm profits from under a corporate offence coming into force on Monday. Under the new "failure to prevent fraud" law, large companies can be held criminally liable where an "employee, agent, subsidiary or other 'associated persons'" commits a fraud intending to benefit the organisation. - Guardian
Reform has vowed to slash council tax bills by up to £350 a year by rooting out waste across public sector pensions. Richard Tice, the party's deputy leader, will on Monday unveil plans to overhaul council-controlled pension funds, which he says are failing to deliver value for money after becoming blinded by net zero. - Telegraph
A British Army supplier has warned that up to 150 jobs are under threat amid a "feast and famine" approach to military equipment purchases. Supacat, based near Honiton in Devon, said roles were at risk as it comes to the end of contract to deliver 123 all-terrain Jackal vehicles to the Ministry of Defence with no certainty around future orders. - Telegraph
Aberdeen is in exclusive talks to sell Finimize, the investment insights platform it bought just four years ago, as its new chief executive unwinds another chunk of his predecessor's legacy. Sky News understands the FTSE-250 asset management group has narrowed its search for a buyer for Finimize to a single party. - Sky News
US CLOSE
Major indices traded lower on Friday as market participants digested news that inflation had ticked higher in July.
At the close, the Dow Jones Industrial Average was down 0.20% at 45,544.88, while the S&P 500 shed 0.64% to 6,460.26 and the Nasdaq Composite saw out the session 1.15% weaker at 21,455.55.
Reporting by Iain Gilbert at Sharecast.com
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