Company News
Ryanair cancels thousands more flights, 400,000 passengers affected
Buffeted by pilot recruitment and roster problems, Ryanair confirmed on Wednesday it was cancelling 18,000 more flights between November and March, with 400,000 passengers affected in addition to the hundreds of thousands it announced last week.
Thursday preview: Updates eyed at Imperial Brands, TUI and RPC
Thursday has little to offer those with a thirst for UK macro, but there is a healthy sprinkling of international economic data and Imperial Brands, TUI, RPC and CMC Markets are among the companies delivering trading updates.
Mosman could be buying another US asset
Oil exploration, development and production company Mosman Oil and Gas updated the market on its operations on Wednesday, having purchased three producing projects so far in 2017.
Crawshaw shares slide after interim report shows wider losses
Meat-focused retailer Crawshaw Group higher increased pre-tax losses in the first half of its trading year due to a weaker sterling forcing its gross margin down 1. 5%, but said that it had seen "positive customer and sales momentum" from the first half carry over into the third quarter.
Synairgen shares rise after announcing 'excellent progress' in separate studies
Synairgen announced on Wednesday it had narrowed its operating loss for the six months leading to 30 June thanks to "excellent progress" made in the development of its Lysyl Oxidase-Like 2 (LOXL2) enzyme inhibitor, and its AZD9412 (SNG001) programme.
Verona Pharma pleased with RPL554 trial top-line results
Clinical-stage biopharmaceutical company Verona Pharma announced top-line results from its clinical pharmacokinetic (PK) trial in the United States on Wednesday, which it said demonstrated that inhaled RPL554 is an “appropriate form of administration” for patients with chronic obstructive pulmonary disease (COPD) and other respiratory disorders.
Velocity Composites outlines 'strengthening' of senior management
Advanced composite material kit supplier Velocity Composites outlined what its board called the “strengthening” of its senior management team through a number of appointments on Wednesday.
Defenx enters master services agreement with BV-Tech
Cybersecurity software group Defenx announced on Wednesday that it has entered into a master services agreement with BV-Tech in relation to the development and assignment of software.
Oracle Power signs MoU with Chinese state-owned firms
Oracle Power, the UK-based developer of a combined lignite coal mine and mine mouth power plant located in the Thar desert in the south-eastern Sindh Province of Pakistan, announced on Wednesday that it has agreed in principle a memorandum of understanding with two Chinese state-owned enterprises for the full development and funding of its flagship Thar project.
Carillion surges on takeover report
Carillion shares surged on Wednesday following a report that a Middle Eastern suitor is waiting to see what the construction firm has to say in its update at the end of the week before it makes an offer.
Goldstone raising £1.5m though subscription
Goldstone Resources announced on Wednesday that it is raising £1. 5m gross by way of a subscription for 100 million new ordinary shares of 1p each in the capital of the company, at a price of 1. 5p per subscription share, with new and existing shareholders.
Sky shines in Ofcom complaints data
As controversies around Rupert Murdoch’s bid to take complete control over Sky continue to swirl, the subscription broadcaster and telecoms operator came out shining in fresh complaint statistics from Ofcom on Wednesday.
Ergomed and Boryung to commercialise products in Korea
Specialist pharmaceutical and drug development company Ergomed, along with Korean pharmaceutical business Boryung Pharmaceutical, announced an agreement to commercialise Ergomed's haemostat products ‘PeproStat’ and ‘ReadyFlow’ in South Korea on Wednesday.
Boohoo.com bashed despite beating sales and profit forecasts
Shares in Boohoo. com sank 8% in early trading despite the fashion e-retailer doubling first-half sales, beating profit forecasts and upgrading full year guidance, with investors miffed as investment in the business is leading to slightly lower margins.
Dyson plans increased investment to develop electric car
James Dyson, the man who invented the bagless vacuum cleaner, will plough £2bn into the development of an electric car for launch in 2020.
Plus500 continuing to trade 'strongly'
Online retail contract-for-difference trading platform Plus500 announced on Wednesday that its business was continuing to trade “strongly”.
Imaginatik signs full-service deal with US investment management firm
Imaginatik announced on Wednesday that it has signed a new contract for its ‘full-service innovation offering’ with an unnamed large US-based investment management company.
North American Income Trust posts mixed results due to telco shortcomings
AIM-listed investment trust the North American Income Trust (NAIT) announced on Wednesday that it had slightly outperformed on the Russell 1000 value index, at the same time as dropping on the S&P 500 index.
Siemens and Alstom to merge rail operations
Germany's Siemens and France's Alstom announced on Wednesday that they will merge their rail operations to create "a new European champion in the rail industry".
Fulcrum upbeat after series of high-value contract wins
Multi-utility infrastructure and services provider Fulcrum Utility Services updated the market on its trading on Wednesday, claiming it performed “strongly” over the six month period to 30 September, as investors gathered for its annual general meeting.