Company News
First Derivatives signs 'significant' deal with Fortune 500 firm
First Derivatives announced on Thursday that it has signed a contract with an unnamed Fortune 500 engineering solutions company for the use of its 'Kx' technology within precision manufacturing.
Arix Biosciences in strategic JV with Takeda Ventures
Shares in Arix Biosciences are down marginally after it unveiled a strategic agreement with Takeda Ventures Inc, which supported its initial public offering (IPO).
More than 50% of UK new home buyers have trouble with properties - report
More than half of the buyers of new homes have experienced major problems with their properties, the Guardian reported, citing a YouGov survey conducted for the Shelter housing charity.
Schroders sees 27% rise in AuM, hikes dividend 7%
Schroders reported a sharp rise in full-year assets under management, in part due to the weakness in the pound, and hiked its dividend payout, but net inflows fell short of analysts' forecasts.
FCA sets later deadline for bank PPI claims
The UK financial watchdog has pushed back the final deadline for bank customers to make a new complaint about payment protection insurance (PPI) misselling to 29 August 2019, with banks having so far paid out around £26bn of compensation.
Capita CEO resigns as full year profits slump
It was exits all round for outsourcing firm Capita as it lost a chief executive and a place in the FTSE 100, all while delivering another under par financial performance with reported full year profits slumping by 33% to £74. 8m.
Jimmy Choo revenue boosted by weak pound
Luxury brand Jimmy Choo reported a solid rise in full-year revenue on Thursday, but a drop in pre-tax profit as costs increased.
Cobham climbs on back of plans for another £500m rights issue
Cobham is planning its second £500m rights issue in less than a year, after it sank to a huge £848m loss for 2016, though its shares rose as the defence specialist avoided a sixth profit warning in 15 months.
88 Energy to raise £10.6m, shares suspended on ASX
AIM-listed oil and gas firm 88 Energy is planning to raise up to AU$17m (£10. 6m) following the announcement that it will start drilling at its Alaskan site.
Osirium Technologies expands into Asia Pacific
Cyber security firm Osirium Technologies’ has expanded into the Asia Pacific with its privileged access management product now available in the region.
Melrose Industries surges as revenue triples on Nortek deal
Shares in Melrose Industries surged on Thursday as it said revenues more than tripled, while underlying pre-tax profit grew and the company said it was on the lookout for its next acquisition.
Tekcapital launches stair sled product in the EU
AIM-listed intellectual property service provider Tekcapital expects a step-up in sales as it launches its sled product, which allows incapacitated people to be moved down stairs at speed in the event of an emergency evacuation, in the European Union.
Base Resources posts preliminary Kwale exploration results
Base Resources provided preliminary exploration results of the extensional and infill drilling programme completed to date for its Kwale Mineral Sands operations in Kenya on Thursday.
Barnet Council approves Safeland plans for East Finchley demolition
Safeland announced on Thursday that Barnet Council’s planning committee had resolved to grant planning consent for the company's application to demolish the existing buildings at 12-18 High Road, East Finchley, London.
RPS Group maintains heading as it reorganises regional divisions
RPS Group posted its results for the 2016 calendar year on Thursday, reporting “significantly improved” performance in the second half, alongside strong cash conversion with net debt and leverage “reduced substantially” from its interim position.
HSBC downgrades IAG to 'hold' following cashflow, North Atlantic concerns
HSBC has downgraded International Consolidated Airlines Group (IAG) to 'Reduce' from 'Hold' and raised its target price to 490p from 450p as it believes that the Anglo-Spanish airline is a “great company” but “not as great as the market believes”.
Merlin Entertainments 2016 revenue and visitors increase
Legoland and Alton Towers owner Merlin Entertainments reported a rise in revenue and an increase in visitors for 2016 following a recovery in its resort theme parks.
Wizz Air's passenger numbers grow 21.8% in February
Budget eastern Europe-focused airline Wizz Air reported 21. 8% rise in passenger numbers for February.
Hunting anticipates moving back into monthly profit later in 2017
Despite new optimism in the oil and gas industry, energy services group Hunting said it was still focusing on cost control for itself and its customers, after sales nearly halved and it swung to an underlying loss in 2016.