Company News
Palace Capital sells Stockport, Leeds properties for £3.7m
Property investor Palace Capital has sold a warehouse in Stockport and an office building in Leeds for a combined £3. 7m.
CPL Resources issues a number of incentive shares
CPL Resources announced on Friday that application had been made to the Irish Stock Exchange and to the London Stock Exchange for 330,697 new ordinary shares to be admitted to trading on the ESM market of the Irish Stock Exchange and to the AIM market of the London Stock Exchange.
Ascent Resources issues 200k conversion shares
European oil and gas exploration and production company Ascent Resources announced on Friday that received a notice of exercise to convert 1,831 convertible loan notes of £1 each, which were issued in May 2013 as part of an open offer to all shareholders, the terms of which were amended in February 2015 and October 2016.
RBS drops as it posts ninth consecutive annual loss
Shares in Royal Bank of Scotland fell on Friday after it said losses widened in the year to 31 December - its ninth consecutive loss - as it was hit by legacy issues.
OneView Group expects 2017 revenue to be lower than previous year
Retail software provider OneView Group said it expected revenue for the 2017 financial year to be significantly lower as it restructures it debt.
Diversified Gas & Oil to buy US wells for $1.75m
AIM-listed explorer Diversified Gas & Oil is to buy a package of producing wells in Ohio and Pennsylvania in the US for $1. 75m, which is expected to increase its daily production.
IMI full year profits, underlying revenues fall
Full year pre-tax profits at engineering group IMI fell 5% to £208m, in line with expectations.
Ofgem confirms it will cut National Grid's spending allowance
Energy regulator Ofgem confirmed on Friday that it will cut National Grid's spending allowance for running the high voltage electricity grid and high pressure gas main by £185m.
William Hill earnings fall as it improves betting experience
Bookmaker William Hill posted its final results for the year to 27 December on Friday, with net revenue rising 1% to £1. 6bn, although adjusted operating profit fell 10% to £261. 5m.
Jupiter Fund Management net inflows halve, though profit and AUM rise
Jupiter Fund Management pre-tax profit and assets under management increased in 2016, although net inflows halved due to what it said was a challenging market environment for funds.
Workspace Group to buy Fitzrovia office building for £98.5m
Property investor Workspace Group is to buy the freehold of an office building in London's West End for £98. 5m and turn it into a multi-let business centre.
Rightmove FY profits, divi rise; COO to replace CEO
Property website Rightmove reported 2016 pre-tax profits of £161m, up from £137m as site visits increased by 10% although leads for brokers fell 6% as the housing market cooled in the wake of the UK's decision to leave the European Union.
IAG unveils €500m share buyback as annual profits take off
British Airways and Iberia owner International Consolidated Airlines Group announced a new share buyback as it reported an improved profits in the fourth quarter of last year and guidance for continued improvement in 2017.
Standard Life revenue rises as it plots India expansion
Standard Life proposed a full year dividend per share of 19. 82p, up 8%, as revenue for 2016 grew against a backdrop of volatile investment markets as the insurer aims to increase its exposure to the Indian market.