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Latest News
20 May
Paypoint
PayPoint shakes up boardroom with new CEO, chairman

Payment services group PayPoint appointed chairman Nick Wiles as chief executive on Wednesday, two months after the company put its search for a new boss on hold.

20 May
ep pruebas en un laboratorio
Faron Pharmaceuticals confirms publication of 'crucial' study

Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced on Wednesday that the results of its detailed analyses into the effects of glucocorticoids on intravenous interferon beta-1a activity, which arose following the ‘INTEREST’ trial in 2018, had been published in critical care journal Intensive Care Medicine.

20 May
oilfield
SDX Energy confident in position amid 'dynamic' market

SDX Energy reported net revenue of $16m (£13. 05m) in its first quarter results on Wednesday, rising from $12. 7m year-on-year.

20 May
rolls royce engineering
Rolls-Royce to cut at least 9,000 jobs

Rolls-Royce intends to cut at least 9,000 jobs as part of a plan to save more than £1. 3bn a year in response to the "unprecedented" impact of the Covid-19 crisis on the aviation industry.

20 May
dollar
Arix portfolio firm Amplyx extends its series C funding

Venture capital company Arix Bioscience noted on Wednesday that its portfolio company, Amplyx Pharmaceuticals, has closed a $53m (£43. 22m) series C extension.

20 May
Oil rig, oil & gas, drilling
Jersey Oil & Gas takes operatorship of licence P2170

Jersey Oil & Gas has completed the transaction to acquire operatorship of, and a 70% working interest in, licence P2170, containing blocks 20/5b and 21/1d, from Equinor UK, it announced on Wednesday.

20 May
ep investigadoras en un laboratorio
Avacta signs Covid-19 test distribution deal with Boohoo founders

Avacta Group has entered into an exclusive distribution agreement with Medusa19 for direct-to-consumer sales of a saliva-based rapid test for the Covid-19 antigen, it announced on Wednesday.

20 May
Vistry says lockdown performance better than expected

Housebuilder Vistry said on Wednesday that its performance during lockdown has been better than initially expected in terms of reservations, completions and cash management.

20 May
playtech
Playtech Q1 boosted by financials division

Gambling software company Playtech said on Wednesday that it has performed better in the first quarter than it was expecting at the time of its trading update in March, driven by a strong performance from its financials division, TradeTech.

20 May
water cleaning plant
Severn Trent ups dividend despite Covid-19 impact

Severn Trent increased its final dividend despite Covid-19's impact on rising bad debts and joint venture losses at the water and waste company.

20 May
tbc bank
Covid adjustments take TBC Bank into loss for first quarter

TBC Bank reported a first quarter profit of GEL 152. 4m (£38. 66m) before the impact of the Covid-19 coronavirus pandemic on Wednesday, up from GEL 133. 3m year-on-year.

20 May
50 Finsbury Square Great Portland Estates GPE
Great Portland Estates confident in position, will pay final divi

Great Portland Estates reported a 0. 3% fall in its portfolio valuation down 0. 3% for the year ended 31 March on Wednesday, although developments were up 11. 9%, with offices up 1. 0% and retail down 3. 5%.

20 May
pound, sterling, pounds
Inflation drops to 0.8% as Covid-19 hits prices

UK inflation fell to a near four-year low of 0. 8% as energy costs fell and clothing retailers cut prices to shift stock during the coronavirus crisis, official figures showed.

20 May
William Hill set for £150m windfall over VAT ruling on FOBTs

Bookmaker William Hill said it could receive a windfall of up to £150m after the industry won a challenge over sales tax on controversial fixed-odds machines in betting shops.

20 May
london skyline thames
London open: Stocks edge lower as Covid vaccine hopes fade

London stocks edged lower in early trade on Wednesday as investors mulled the latest UK inflation data and as disappointment set in over a potential coronavirus vaccine.

20 May
Ninety One AUM falls as Covid-19 hits markets

Asset manager Ninety One said assets under management (AUM) fell 7%, reflecting the impact of the coronavirus pandemic on world financial markets.

20 May
experian
Experian dividend unchanged as crisis hits revenue

Experian left its dividend unchanged as the information services company said the Covid-19 crisis and currency swings could reduce first-quarter revenue by up to 15%.

20 May
coats manufacturing industrial
Coats sales decline as it takes hit from Covid-19

Industrial thread maker Coats Group reported a slump in sales on Wednesday as it took a hit from the coronavirus pandemic.

20 May
londres-city-brexit-london 20200113130214
London pre-open: Stocks seen lower as Covid vaccine hopes fade

London stocks were set to edge lower at the open on Wednesday amid doubts over a potential coronavirus vaccine from US biotechnology company Moderna.

20 May
noticias
Wednesday newspaper round-up: Recession, tracing app, Intu Metrocentre

The chancellor, Rishi Sunak, has warned that Britain is facing a “severe recession, the likes of which we haven’t seen” and lasting economic damage from the coronavirus pandemic. In a downbeat assessment of the country’s economic prospects after a sharp rise in unemployment benefit claims, the chancellor warned a Lords committee it was “not obvious there will be an immediate bounceback” from recession. – Guardian.