Company News
Braveheart Investment boasts surge into the black
AIM-quoted Braveheart Investment Group surged into profits of £780,000 in its audited annual results for the financial year ended March 2017, after reporting a £1. 7m loss last time.
Thursday preview: CBI survey to ease, Saga and Chemring report
Thursday should be a quieter day on the UK financial calendar, with the CBI industrial trends survey providing macroeconomic data and little in the way of scheduled results apart from updates from mid-sized names including Saga, Chemring and Go-Ahead Group.
WPP takes minority stake in US-based Celtra Technologies
Advertising agency WPP has taken a minority stake in US-based digital advertising creative management platform Celtra Technologies.
Startup bank Atom receives £30m boost
Fintech-focussed startup bank Atom received a state-sponsored cash injection this week, with £30m injected into the firm from British Business Bank.
Metro Bank appoints regulatory and compliance expert to board
Metro Bank announced the appointment of Monique Melis as a new independent non-executive director.
Alexander Mining receives 'significant interest' in joint venture
Alexander Mining updated the market on its lithium research and development joint venture on Wednesday, confirming “significant interest” following its announcement of the joint venture project on 2 March.
UniVision MTR contract expanded
CCTV system supplier, designer, installer and maintenance provider UniVision Engineering announced on Wednesday that additional works had been confirmed recently by mass transit operator MTR Corporation in Hong Kong.
Empyrean pleased with new Sacgasco deal
Empyrean announced on Wednesday that it entered into a new agreement with Sacgasco to increase its interest in the package of gas projects in the Sacramento Basin, onshore California, previously announced on 15 May and amended on 16 June.
RedstoneConnect to install 'smart solution' in Munich shopping centre
Smart buildings technology and services provider RedstoneConnect announced on Wednesday that it secured a consulting and software mandate worth €0. 75m with real estate investment manager TH Real Estate, to develop and install a smart software solution for its PEP shopping centre in Munich, Germany.
Keep it simple, HSBC tells Capita as it upgrades to a 'buy'
HSBC upgraded Capita to 'buy' from 'hold', despite the question marks surrounding its complex business model.
Touchstone, Mercia throw another £3m at Impression Technologies
Touchstone Innovations announced on Wednesday that it participated in a £3. 0m Series B funding round in Impression Technologies, which it described as an aluminium forming technology business based on intellectual property developed at Imperial College London.
Gulfsands confirms expiry of Morocco licence
Oil and gas company Gulfsands Petroleum updated the market on its Moulay Bouchta Petroleum Agreement, which is held by its subsidiary Gulfsands Petroleum Morocco, on Wednesday.
EasyHotel signs 25-year lease on Oxford property
Budget hotel owner, developer and operator easyHotel announced on Wednesday that it signed a 25 year lease on a site in the city of Oxford, for the development of a new purpose-built easyHotel.
Provident Financial tanks as it warns over consumer credit division
Shares in Provident Financial tanked early on Wednesday after it cautioned that its consumer credit division will see profits nearly halve in 2017 compared to a year ago, mostly due to restructuring.
Brave Bison appoints Claire Hungate as CEO, says current trading in line
Digital media and social video business Brave Bison announced on Wednesday that it has appointed Claire Hungate as its chief executive officer as it said current trading is in line with management and market expectations.
Wynnstay revenue up, pet products drag on earnings
Wynnstay posted its half year results for the six months to 30 April on Wednesday, with the board saying its figures benefited from greater demand for agricultural inputs over the winter period, but were affected by continued subdued trading at its pet products business Just for Pets.
St Modwen JV sells Nine Elms Square to China's Wanda
St Modwen Properties expects to receive £190m from the sale of the Nine Elms Square in Battersea, London after it was sold to Chinese buyers on Wednesday.
Hornby chairman Canham resigns after Phoenix Asset Management offer
Hornby's executive chairman Roger Canham has resigned with immediate effect after Phoenix Asset Management Partners launched a mandatory 32. 375 pence a share offer for the shares in the model train set maker it doesn't already own, valuing it at £27. 4m.
Wizz Air orders 10 new Airbus A321ceo aircraft
Budget airline Wizz Air has ordered an additional 10 Airbus A321ceo aircraft to join its fleet in 2018 and 2019.
Echo Energy makes first Bolivian transaction
Echo Energy confirmed the signature of its first transaction in Bolivia on Wednesday, following its recently-announced onshore gas strategy across Latin America.