Company News
Weak sterling pushes Omega Diagnostics revenue higher
Medical diagnostics company Omega Diagnostics announced on Tuesday that results for the year to 31 March would be in line with market expectations.
Botswana Diamonds venture awarded six new prospecting licenses
Diamond explorer Botswana Diamonds announced the award of six new prospecting licenses in Botswana to Sunland Minerals on Tuesday -the company’s joint venture with Alrosa.
Collagen Solutions reports solid revenue rise
Medical grade collagen component developer and manufacturer Collagen Solutions announced preliminary revenue, including other income, of £4. 1m for the year ending 31 March on Tuesday, up from £3. 2m in 2016.
JPMorgan upgrades Carillion, Kier is top pick, Interserve 'attractive'
Taking a look at the UK construction services sector, JP Morgan Cazenove upgraded Carillon to 'overweight' and said Kier Group remained its top pick for quality.
RBC cautious about Vectura's success with asthma drug
Analysts at RBC downgraded Vectura Group to ‘underperform’ from ‘sector perform’ and cut its price target to 133p from 190p, as it remains cautious about the pharmaceutical’s success with its asthma drug, Advair.
BNN Technology expands commercial partnership with Manchester City
AIM-listed content company BNN Technology has expanded its partnership with Manchester City Football Club.
Hornby defends chairman Canham, says not in best interests to replace him
Model train maker Hornby said that it was not in the best interests of the company or its shareholders to remove chairman Roger Canham from the board and replace him with Alexander Anton.
Plus500 agrees settlement with Belgian regulator
Online trading platform provider Plus500 has reached a €550,000 settlement agreement with the Belgium Financial Services and Markets Authority.
WS Atkins shares keep rising after activist Elliott confirms stake
The takeover of WS Atkins by Canadian rival may not be signed sealed and delivered quite yet, as US activist hedge fund Elliott Advisors has scooped up a 6. 8% stake in the London-listed engineering consultant .
Magnolia Petroleum to participate in 16 new US onshore wells
Oil and gas explorer Magnolia Petroleum is to participate in 16 new onshore wells in the Scoop and Stack plays in Oklahoma, the US.
SDX Energy extends Moroccan permits
North Africa-focussed oil and gas company SDX Energy updated the market on its Moroccan activities on Tuesday, reporting that the Lalla Mimouna Nord and Sud permits, covering an area of more than 2211 square kilometres in the Rharb Basin, were being extended until March 2018.
Stagecoach, Virgin and SNCF team up for west coast partnership rail franchise bid
Transport operators Stagecoach and Virgin Group have teamed up with French high speed operator SNCF to bid for the UK's West Coast rail franchise.
Unisys Corporation narrows loss in first quarter
Information technology company Unisys posted its first quarter financial results on Tuesday, reporting an operating profit margin of -0. 4%, up 370 basis points year-on-year.
88 Energy starts drilling at Alaska oil well
Oil and gas explorer 88 Energy has started drilling at its Icewine 2 production test well in the north slope of Alaska in the US,.
Landshypotek Bank CEO to leave
Landshypotek Bank’s chief executive Liza Nyberg is to leave the member-owned Swedish mortgage lender in order to become chief executive of Collector AB and Collector Bank.
Premier Oil refinancing deal on track as holders enter lock-up agreement
Premier Oil said on Tuesday that holders of more than 75% of its $245m convertible bonds have entered into a lock-up agreement, which commits them to vote in favour of the proposed refinancing on the terms of that agreement.
Amec Foster Wheeler confirms no dividend after 2016 earnings fall
Amec Foster Wheeler posted its final, audited results for the 2016 year on Tuesday, confirming they were “in line” with the 13 March update it released last month.
Nostrum gearing up for GTU3 completion, KTO connection
Pre-Caspian Basin-focussed independent oil and gas company Nostrum Oil & Gas released its operational update for the three month period to 31 March on Tuesday, ahead of the release of Nostrum's consolidated accounts for the same period.
Carpetright sees FY profit at lower end of market expectations
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.
Micro Focus makes changes to board pending £7bn merger with HP's software business
Micro Focus International announced changes to its board and management team due to its pending £7bn merger with Hewlett Packard Enterprises’ software business.