Company News
Serica takes on three BP interests in North Sea
Serica Energy’s wholly-owned subsidiary Serica UK has signed a sale and purchase agreement to acquire BP's interests in the Bruce, Keith and Rhum fields in the North Sea, it announced on Tuesday.
Genedrive awarded £484,000 grant by Innovate UK
Genedrive has been formally awarded an Innovate UK grant of £484,000 for the development of a disposable centrifuge-free plasma separation consumable device, the company announced on Tuesday.
Solid State profits down despite increased revenues
Electronics firm Solid State increased revenue 12% over the six months leading to 30 September but was unable to improve profits as expenses grew throughout the half.
Severfield expects full-year results to be 'comfortably ahead' of expectations
Structural steelwork company Severfield saw pre-tax profits rise 59% in the six months leading to 30 September, as the group's 1,400 employees split their time between 80 new projects, including Tottenham Hotspur's new stadium and work to the roof of Wimbledon's No. 1 court.
Mporium signs commercial agreement with online female fashion eCommerce company
The technology firm, Mporium Group, has today announced a commercial agreement with a undisclosed pure-play, listed online female fashion eCommerce company.
Webis returns to profit on 'significantly improved' trading
Gaming and technology services group Webis Holdings reported a "significantly improved trading performance" for the full-year as its core business, WatchandWager. com saw a substantial increase in turnover and gross profits.
Start Aero inks commercial agreement with Alnahdi Aviation Technology in Saudi Arabia
Strat Aero has inked a Commercial Agreement with Alnahdi Aviation Technology, a specialist in aviation technology (AAT) in the Kingdom of Saudi Arabia, to collaborate on establishing an Unmanned Aerial Vehicle (UAV) Training Centre in the country, in line with the company's strategy to focus on its key strengths and experience, specifically its Training Division.
Drug firm Concordia forces 6000% price rise on NHS, competition authority says
Canadian pharmaceutical firm Concordia has been chastised by the UK competition authority for overcharging the NHS by 6,000% for an essential thyroid drug.
Jaywing tumbles as losses widen amid 'difficult' trading conditions
Digital marketing firm Jaywing saw a small increase in its revenue over the first half of the trading year, but higher expenses resulted in wider losses that sent shares tumbling on Tuesday morning.
LondonMetric sells recently-acquired Tesco warehouse in Bolton
LondonMetric Property announced the disposal of a Tesco logistics warehouse in Bolton for £24. 4m on Tuesday, reflecting a net initial yield of 5. 35%.
US Department of Justice to move against AT&T-Time Warner merger
The proposed acquisition of Time Warner by US telecoms giant AT&T will face a challenge from the Department of Justice on antitrust grounds.
Embattled Bombardier sees good demand for $1bn senior note sale
Embattled multinational aerospace and transportation company Bombardier has successfully issued fresh debt in what some observers appeared to judge as a move to bulk-up its balance sheet.
Telecom Plus sees full-year profits 'slightly ahead' of market expectations
Telecom Plus said on Tuesday that profits for the full year are expected to be "slightly ahead" of current market expectations as it reported a rise in profit and revenue for the first half.
HomeServe sees further strong growth this year
HomeServe said it expected further strong growth this financial year after first-half profits rose at the emergency repairs business.
Increased revenue and profit leads Big Yellow to raise occupancy targets
Self-storage firm Big Yellow increased its full-year occupancy targets on Tuesday after posting a rise in both profit and revenue in the six months leading to 30 September.
SIG's new CEO Oldersma to unveil 'step change' growth plan
Building products supplier SIG kept sales growth steady in the third quarter and set out plans to "deliver a step change" in performance in future years.
Aggreko loses power on Argentina, order intake concerns
Aggreko shares tanked on Tuesday as investors focused on disappointing order intake and weakness in Argentina in the temporary power provider's third-quarter results.
Spectris revenue rises, reiterates FY guidance
Spectris posted a rise in revenue on Tuesday as it saw growth in all of its key regions, and reiterated its guidance for the full year.
Kingfisher's sales show signs of improvement, apart from France
Home improvement retailer Kingfisher showed improved like-for-like sales in the third quarter as management kept a lid on earlier disruption from turnaround plans.
Equiniti Group trading in line as Wells Fargo acquisition progresses
Technology outsourcing provider Equiniti Group is trading in line with market expectations for the 2017 financial year, it said on Tuesday.