Company News
Smiths Group sales improve as new strategy kicks in, further disposals eyed
As it makes early progress with a new strategy, engineer Smiths Group reported improved revenues in the second quarter and an unchanged full year outlook.
FastJet strengthens board with new chairman and CFO
FastJet has appointed a new chairman and chief financial officer, along with another director appointment, to strengthen its board as the African budget airline attempts to turnaround its fortunes.
Small cap news round-up
FastJet has appointed a new chief financial officer along with other appointments to strengthen its board as the African budget airline attempts to turnaround its fortunes.
Twitter toying with $20 fee for 'power users'
Brands, businesses and so-called ‘power users’ could soon be paying to access some of Twitter’s premium features.
Coral Products completes asset purchase, wins new contracts
Coral Products announced that it completed the purchase of assets of ICM from its administrators on Friday, for a total consideration of around £0. 6m.
Frontier swings to profit as demand for DAB continues
Digital radio and smart audio technology company Frontier Smart Tech published its final results for the full year to 31 December on Friday, with EBITDA ahead of market expectations, turning positive at £0. 7m compared to a loss of £0. 8m in 2015.
Revenue and earnings slip at Robinsons
Custom plastic and paperboard packaging manufacturer Robinson announced its audited results for the year to 31 December on Friday, with revenue decreasing by 6% to £27. 5m.
PureTech Health teams up with Novartis on immunosenescence programme
Advanced clinical stage biopharmaceutical company PureTech Health announced a licensing and equity agreement with Novartis on Friday, intended to advance two clinical-stage programmes targeting the mechanistic target of ‘rapamycin complex 1 (mTORC1) pathway’.
BNN Technology expands partnership with Arsenal
Chinese content services firm BNN Technology has expanded its three-year partnership with Arsenal Football Club.
Lamprell swings to FY pre-tax loss driven by goodwill impairment
Lamprell, a provider of diversified fabrication, engineering and contracting services to the global energy industry, has swung to a full-year pre-tax loss driven by goodwill impairment, not helped by a fall in revenue.
NMC Health completes $560m acquisition of UAE hospital
NMC Health has completed the acquisition of Al Zahra Hospital in the United Arab Emirates for 2,058m dirhams ($560m).
National Grid a good 'hedge against Trump rally', JPMorgan says
National Grid has a strong investment case as its earnings momentum accelerates and represents a hedge to a reversal of the ‘Trump’ rally, JPMorgan Cazenove said on Friday.
Results round-up: Smiths Group, AFC Energy
As it makes early progress with a new strategy, engineer Smiths Group reported improved revenues in the second quarter and an unchanged full year outlook.
Broker tips: National Grid, Restaurant Group, SSE, motor insurers
National Grid has a strong investment case as its earnings momentum accelerates and represents a hedge to a reversal of the ‘Trump’ rally, JPMorgan Cazenove said on Friday.
Regional REIT completes property deal with The Conygar Investment Co.
Regional REIT Ltd has completed an approximately £129m deal with The Conygar Investment Company to acquire a string of UK regional office, industrial and retail and retail distribution investment properties.
Bad broadband service to be automatically compensated under Ofcom plan
Landline and broadband customers suffering from slow repairs, missed deadlines and cancelled appointments would soon be seeing automatic reprieve under proposed rules announced by Ofcom on Friday.
Minoan hopeful Greek media reports are accurate
Minoan was forced to respond to reports in the Greek media on Friday, after a number of outlets stated the appeals against the Presidential Decree granting land use approval for the company’s project in Crete had been rejected by the Greek Supreme Court.
Powerhouse Energy says G3-UHt unit arrives on site near Manchester
Powerhouse Energy's shares rose over 10% after it stating its G3-UHt ultra-high temperature gasification demonstration unit has been delivered to its initial recommissioning site near Manchester.
Centralnic confirms talks with Slovakia's SK-NIC
AIM-quoted Centralnic Group confirms it is in talks with SK-NIC, the registry service provider for the . sk country code top level domain for Slovakia, but these have not been concluded and a potential transaction remains in the course of negotiation.
Friday broker round-up
The Restaurant Group: Berenberg downgrades to Sell with a target price of 300p.