Company News
London Capital Group narrow losses on improved revenue
AIM-listed spread betting and CFD provider London Capital Group (LCG) posted an 8% gain in revenues for the first six months of its trading year on Thursday as the firm gradually began to narrow losses.
Imperial Brands in talks on Palmer & Harvey rescue; sees FY in line
Cigarette firm Imperial Brands on Thursday confirmed it was in talks to help rescue UK tobacco supplier Palmer & Harvey as it said it expected to deliver strong growth in full year revenues and earnings at actual currency rates.
Ryanair facing legal action for 'misleading passengers'
Ryanair is facing legal action for "persistently misleading" passengers about their rights following thousands of flight cancellations after the Civil Aviation Authority launched action against the budget airline for wrongly claiming it did not have to re-route passengers on rival airlines.
Shore Capital interim profit and revenue rise
Shore Capital posted a 2. 2% rise in interim pre-tax profit on Thursday as revenue grow, partly thanks to a solid performance from its capital markets division.
Tui cruising confidently despite Caribbean hurricane hangover
Tour operator Tui cruised towards its full year targets and said, with two new ships launching and five year-round resorts opening in the coming year, that trading for future seasons was "overall" in line with expectations despite a dip in demand for Caribbean and Florida holiday post hurricane season.
RPC Group boasts sales and margins well ahead of expectations
Plastics packaging specialist RPC Group said first-half sales are likely to be "well ahead" of the corresponding period last year, with profit margins also ahead of management expectations.
Airport passenger growth lifts SSP Group revenues
Global food travel operator SSP Group said it expected full-year revenue to increase 11. 4% after a rise in fourth quarter passenger numbers at airports.
HarbourVest reaches net asset value milestone
Closed-end investment company HarbourVest Global Private Equity posted its unaudited results for the six months to 31 July on Thursday, reporting 8% growth in net asset value per share to $19. 98 during the period.
Syncona's Nightstar reveals details on US IPO
Healthcare investment company Syncona noted on Thursday that its portfolio company Nightstar Therapeutics announced the pricing of its initial public offering in the United States of 5,360,000 American depositary shares, representing 5. 36 million ordinary shares at an initial public offering price of $14. 00 per ADS for total gross proceeds of approximately $75m (£56m).
Petra Diamonds given government permission to resume exports from Tanzania
Petra Diamonds has received authorisation from the government of Tanzania to resume diamond exports and sales from its Williamson mine, although one parcel of gems still remains blocked for export.
CMC Markets H1 profit "significantly higher" but cautious on outlook
CMC Markets said on Thursday that profitability in the first half of 2018 was "significantly higher" than a year ago, but the spreadbetting firm sounded a cautious note on the outlook on the back of regulatory uncertainty.
Euromoney trading in line, Q4 revenues seen up 3%
Euromoney Institutional Investor said on Thursday that overall trading since its last update in July has continued in line with the board's expectations for the year, with reported revenues for the fourth quarter expected to show a 3% rise, largely thanks to the acquisition of price reporting agency RISI in April.
Stagecoach on track as UK bus revenue falls
Stagecoach Group updated the market on its current trading on Thursday, confirming its earnings expectations for the year to 28 April 2018 remained unchanged.
Synthomer buys BASF Austrian rubber business for £26m
Speciality chemical company Synthomer said it had bought BASF's Austrian styrene butadiene rubber business for €30m (£26. 31m).