Company News
Wednesday preview: Trump's tax reveal follows GSK, StanChart starter
Wednesday will see a fairly busy day for corporate quarterly results, including GlaxoSmithKline and Standard Chartered, plus is the day when Donald Trump announced he will unveil his 'big tax reform'.
Investors hungry for McDonald's shares after first quarter earnings beat
Fast food giant McDonald's rose almost 5% on Wall Street after its first quarter earnings beat analysts' estimates on Tuesday.
Modern Water strengthens China sales operation
Water and wastewater treatment technology and water quality monitoring systems provider Modern Water announced on Tuesday that, in keeping with its stated strategy to focus on increasing global sales of its environmental monitoring products - especially in China - its monitoring division appointed Mark Gogol as its vice-president of global sales and Jincan Wang as sales manager in China.
Lockheed Martin reports increased F35 revenue, cuts earnings outlook
Defence contractor Lockheed Martin reported its first-quarter earnings on Tuesday ahead of the bell on Wall Street, seeing increased revenue in its aeronautical business, which includes the F35 program much maligned by President Donald Trump.
Clinigen and Onxeo launch managed access programme for belinostat
Clinigen Group’s Idis Managed Access division and Onxeo agreed to launch a managed access programme for belinostat - branded Beleodaq - in Europe on Tuesday.
Europa upbeat ahead of Crean 3D survey
UK and Ireland-focussed oil and gas exploration, development and production company Europa Oil & Gas noted on Tuesday a press release issued by TGS on 24 April, regarding its new multi-client acquisition project, Crean 3D on the Irish Atlantic Margin:.
Northbridge shuffles up board and management team
Industrial services and rental company Northbridge Industrial Services announced a number of board and operational management changes on Tuesday, including the appointment of Nitin Kaul as a non-Executive director with effect from 1 May.
Tuesday broker round-up
Weir Group: JPMorgan upgrades to Outperform with a target price of 2175p.
Telford Homes to buy Stone Studios in Hackney Wick
AIM-listed residential property developer Telford Homes has exchanged contracts for the purchase of Stone Studios, a residential-led mixed-use development site on Wallis Road, Hackney Wick, E9.
AstraZeneca gets EC marketing approval for lung cancer drug Tagrisso
AstraZeneca has received full marketing authorisation from the European Commission for Tagrisso for the treatment of adult patients with non-small cell lung cancer.
OptiBiotix confirms first LPLDL sales to Germany
Life sciences business OptiBiotix Health announced on Tuesday that it agreed to supply 100,000 units of its ‘LPLDL’ product to German company HLH BioPharma Vertriebs.
Small cap news round-up
Specialist carpet and floor coverings retailer Carpetright said on Tuesday that its full-year profit is expected to be towards the lower end of the current range of market expectations for underlying pre-tax profit of £13. 9m to £16. 2m.
Systemair buys Austrian air handling unit manufacturer
Nasdaq and Stockholm-listed ventilation company Systemair AB has bought Frivent Luft & Wärmetechnik, an Austrian manufacturer of air handling units, for an undisclosed sum.
Circassia Pharmaceuticals posts deeper FY loss
Respiratory disease-focused specialty pharmaceutical company Circassia Pharmaceuticals has posted a deeper full-year pre-tax loss of £144. 9m, from a loss of £62. 8m previously.
Tekcapital's stake in Belluscura reduced after Nanotether Discovery Science acquisition
Intellectual property services provider Tekcapital's stake in Belluscura has been reduced after Belluscura bought Nanotether Discovery Science for about £265,000.
Patagonia Gold to sell Argentina gold mine for $15m
AIM-listed miner Patagonia Gold is to sell its Cap-Oeste Sur Este project (COSE) in Santa Cruz Province, Argentina to Minera Triton for $15m.
Connect Group's H1 profit, revenue slip as dividend rises
Connect Group's shares fell more than 3% as a rise in interim dividend failed to impress investors disgruntled by slips in first-half revenue and pre-tax profit.
Results round-up: Whitbread, Amec Foster Wheeler
Whitbread served up a fairly solid set of full year results and while it reported a good start to 2017, warned of a tougher consumer environment than last year for its Premier Inn hotels and Costs coffee shops.
Broker tips: Ascential, miners, Vectura Group, construction firms, HSBC, Weir Group
Berenberg initiated coverage of B2B media company Ascential at 'buy' with a 400p price target.
Whitbread serves up solid profits but warns of tough consumer outlook
Whitbread served up a fairly solid set of full year results and while it reported a good start to 2017, warned of a tougher consumer environment than last year for its Premier Inn hotels and Costs coffee shops.