Company News
Hurricane rebuilding work gives Ashtead first half a lift
Industrial equipment rental firm Ashtead said half year earnings were boosted by clean-up efforts after hurricanes Harvey, Irma and Maria and the weak pound as it posted a 16% rise in pre-tax profits to £493. 1m.
Joules first-half revenue jumps 18% despite challenging market
Fashion retailer Joules reported a rise in first-half sales on Tuesday despite challenging conditions.
Gem Diamonds says talks over sale of Ghaghoo asset have ended
Gem Diamonds said on Tuesday that talks with a potential buyer for its Ghaghoo asset in Botswana - which was placed on care and maintenance back in February - have ended without an agreement.
Serica Energy shares fall after production guidance cut
Shares in Serica Energy fell almost 5% on Tuesday as the company cut full year production guidance as a result of the closure of the Forties North Sea pipeline.
Anglo American's De Beers sees diamond sales drop in tenth cycle
Sales at Anglo American’s De Beers diamond business fell in the tenth cycle of the year compared to the previous cycle, although sales were up on the same cycle last year.
Boku brings direct-carrier billing to EE accessories store
Independent direct carrier billing company Boku announced the signing of a new agreement with EE, a division of BT Group and the UK's largest mobile network operator, on Tuesday.
Hurricane Energy making solid progress on Lancaster Field
UK-based oil and gas company Hurricane Energy updated the market on its operational activities related to the ‘early production system’ on the Lancaster Field, at Drydocks World, Dubai, ahead of an analyst visit this week.
Carpetright H1 profit drops as competition and discounting bite
Shares in Carpetright slid on Tuesday after the floor coverings specialist said it expects underlying pre-tax profits for the full year to be towards the bottom end of the current range of market expectations, as it reported a drop in first-half profit and highlighted "fragile" consumer confidence.
Supermarkets sales surge as food inflation hits three-year high
As food inflation hit its highest level in four years, Tesco and Sainsbury's enjoyed the strongest sales growth of the big four supermarkets in recent weeks, though the quartet continued to lose market share to discounters.
Drax says trading in line with expectations
Power generator Drax said trading conditions remained in line with expectations since interim results reported on July 19.
Aggreko confirms timeline for Drewett as new CFO
Aggreko gave a timeline to the appointment of its new chief financial officer on Tuesday, confirming that Heath Drewett would take up the role on 3 January.
John Laing sells stake in Welsh wind farm for £43m
John Laing Group said it had sold its 100% investment in Llynfi Wind Farm in Wales to John Laing Environmental Assets Group for £43m before costs.
Glencore shareholders to receive upbeat investor update
Glencore shareholders are set to be told of the company’s position as the “leading producer” of tier 1 commodities - that is, copper, cobalt, nickel, zinc and thermal coal - during an investor update set down for Tuesday afternoon.
Elementis sells surfactants unit for €39m
Specialist chemicals firm Elementis said it had agreed to sell its Netherlands surfactants business to Kolb Distribution for €39m in cash.
Indivior's schizophrenia drug application accepted by US FDA
A one-monthly schizophrenia treatment developed by heroin-addiction specialist Indivior has been accepted for review by the US drug regulator.