Company News
Blur Group surges afters talks with electronics company
Shares in Blur Group rocketed on Tuesday morning as the spend management platform announced it has entered into final talks with an electronics company for a potential multi-million dollar roll out programme across three regions.
Legacy operations still dragging on St Ives
International marketing services group St Ives posted its half year results for the 26 weeks to 27 January on Tuesday, with revenue up 5% to £195. 1m.
Pacific REIT acquires Leeds site for £6m
Real estate investment trust Pacific Industrial & Logistics REIT announced on Tuesday that on 6 March, it completed the acquisition of a site on Bruntcliffe Way, Morley, Leeds for a total consideration of £6. 05m, representing a net initial yield of 8. 3%.
Microsoft outage hits Hotmail, Outlook, Skype users
Users of Hotmail, Outlook and Skype were finding themselves locked out of their accounts on Tuesday afternoon, as Microsoft appeared to be suffering a serious outage on its systems.
Small cap news round-up
MTI Wireless Edge has won a new contract worth $600m from an existing European customer in the military sector.
FastForward Innovations invests CA$3m in medicinal marijuana company
AIM-listed FastForward Innovations has invested in Canadian medicinal marijuana company Nuuvera Corp in a bid to capitalise on the increasing global deregulation of the drug.
Pharma drops as Trump unveils healthcare bill, drug pricing initiative
The US president took to his Twitter account on Tuesday to promote his proposed new healthcare bill, announcing that his cabinet was also working on a new system to increase competition in drug pricing.
Nintendo Switch console a disaster, say users
Nintendo was under fire over the quality of its new ‘Switch’ games console on Tuesday, less than a week after it hit the shelves.
MTI Wireless Edge secures new $600m contract
MTI Wireless Edge has won a new contract worth $600m from an existing European customer in the military sector.
1pm to raise up to £7.5m through loan note programme
AIM-listed 1pm has announced plans to launch a secured loan note programme (SLNP) to raise up to £7. 5m in borrowing from private and institutional investors to meet demand for loans from SMEs and provide the flexibility to fund adjacent products and potential acquisitions.
EU investigates alleged anticompetitive behaviour by kraft paper companies
The European Commission confirmed on Tuesday that it carried out unannounced inspections at the premises of several companies in member states that are active in the kraft paper and industrial paper sacks sector to investigate alleged anticompetitive behaviour.
PureCircle sales down after temporary US import ban
Producer and marketer of stevia sweetening ingredients PureCircle announced its unaudited interim results for the six months to 31 December on Tuesday, with sales of $47. 2m, a decrease of 13. 4%, as a direct consequence of temporary import restrictions from US Customs and Border Protection.
Kromek awarded ten-year supply deal
Radiation detection technology company Kromek announced on Tuesday that it was awarded a contract, valued at $0. 99m, by an existing US-based customer for the upgrade of its advanced security screening detectors that have been deployed since 2009.
HSBC sells US residential mortgage loan portfolio
HSBC Holdings has sold a portfolio of predominantly US second lien residential mortgage loans to DLJ Mortgage Capital, which is a wholly-owned subsidiary of Credit Suisse, for $1. 5bn.
Wednesday preview: No surprises from Chancellor's Budget mind-palace?
Wednesday will largely revolve around the Budget in the UK, with several large companies reporting include giant insurers Admiral and Legal & General, plus the perenially-unpredictable G4S.
CentralNic upbeat as new TLD sales surge
Domain name sales and services platform CentralNic Group updated the market on its performance in 2016 on Tuesday, as it outlines its strategy for the year ahead.
Amur outlines big plans for 2017
East Russia-focussed nickel-copper sulphide mineral exploration and resource development company Amur Minerals Corporation announced its plans for the 2017 field programme on Tuesday.
Results round-up: Paddy Power Betfair, Intertek, Worldpay, Just Eat
Newly merged bookmaker Paddy Power Betfair said the new financial year has started in line with expectations as it reported a 35% rise in underlying earnings before interest, tax, depreciation and amortisation to £400m and a big dividend payout.
Broker tips: Mitie, Travis Perkins, SDL
Outsourcing and energy services company Mitie was under the cosh on Tuesday as Jefferies downgraded the stock to 'underperform' form 'hold' and cut the price target to 175p from 195p as it said accounting changes could create headwinds.
Just Eat's full-year revenue and earnings surge
Just Eat’s 2016 revenue and earnings surged as it seeks to capture further share of the online food delivery market.