Company News
Director dealings: Randgold boss sells GBP3.6m of shares
Randgold Resources chief executive Mark Bristow sold £3. 6m worth of shares in the mining group after recent quarterly results helped them bounce off a three-month low.
Vodafone abandons £20m bid for naming rights of West Ham stadium
Vodafone Group will not pursue a deal for the naming rights of the London Stadium, after deciding against the £20m deal.
Wednesday preview: Employment data, British Land, Sophos, Countrywide
Alongside some corporate results from the likes of British Land, Sophos and SSE, Wednesday's unemployment and earnings data will provide a fuller picture of the ongoing squeeze on UK consumers, following data that showed inflation rising at its fastest rate in three and a half years.
BTG posts drop in full-year profit
Specialist healthcare company BTG reported a drop in full-year pre-tax profit on Tuesday as it said translation benefits from a weaker sterling were offset by hedging losses on forward contracts.
Lionsgold launches online trading platform
Gold-focussed exploration company Lionsgold announced the release of its financial technology gold application ‘IndexGold’ on Tuesday.
Premaitha revenues rise as strategy progresses
International molecular diagnostics group Premaitha Health updated the market on trading for its financial year to 31 March on Tuesday, which included one month of trading from Yourgene Bioscience, since the acquisition on 2 March.
Accrol stable in 2017 despite macroeconomic challenges
Independent tissue converter Accrol Group updated the market on its trading for the year to 30 April on Tuesday, saying it had a “strong” year of growth in its first 12 months as a publicly listed business, following its successful IPO on AIM in June.
OptiBiotix launches two new products at Geneva trade show
Life sciences business OptiBiotix Health announced the successful launch of its SlimBiome and LPLDL products at the Vitafoods Europe trade show in Geneva from the 9-11 of May on Tuesday.
Man United swings to £3.8m loss
Manchester United said on Tuesday that it swung to a loss in the three months to the end of March but lifted its revenue and profit guidance for the full year.
Avon Rubber's shares rise as H1 revenue, profit, dividend improve
Shares in Avon Rubber rose more than 4% as investors liked its improved revenue, pre-tax profit and dividend for the half year.
Zegona sells Teletable in €701m cash, shares deal to Euskaltel
Zegona Communications has sold Spanish cable business Teletable to Euskaltel for a total of €701m.
ASOS says warehouse fire may have damaged £6.3m worth of stock
A fire that broke out at ASOS's distribution centre outside Berlin in the early hours of Tuesday morning may have damaged around £6. 3m worth of stock.
Tuesday broker round-up
United Utilities: Deutsche Bank downgrades to Hold with a target price of 1050p.
W Resources reports solid progress at La Parrilla
Iberian Peninsula-focussed tungsten, copper and gold exploration and development company W Resources updated the market on the development and financing of its La Parrilla tungsten and tin project in Spain on Tuesday.
Overlapping licence application change puts question mark on Altona plans
Altona Energy announced on Tuesday that it had been notified by South Australia’s Minister for Mineral Resources and Energy, that the assets of Linc Energy - including its wholly-owned subsidiary SAPEX - had been acquired by Tri-Star Petroleum Company.
Helical buys Manchester office for £13m
Helical announced on Tuesday that it has completed the acquisition of Trinity Court, a 47,500 sq ft office building in Manchester City Centre, for £12. 9m.
Hardide turns in wider H1 loss amid challenging oil & gas market
Hardide's shares dropped almost 6% as it recorded a wider first-half pre-tax loss amid a still-challenging and volatile oil and gas market, but forecast in-line full-year trading.
Civitas Social Housing acquires regulated portfolio for £6.1m
Shares in Civitas Social Housing advanced after it completed the purchase of a portfolio of regulated social housing for a total consideration of £6. 1m.
Ford said to be gearing up for 10% cut in global workforce
US automaker Ford Motor is reportedly set to trim its workforce by around 10% as the company attempts to increase profits and boost its share price.
EasyJet interim losses surge as currency, Easter, Brexit costs weigh
EasyJet flew a record number of passengers in the first six months of its financial year and moved to secured its post-Brexit future, though reported a much bigger loss as revenue per seat fell and costs per seat rose.