Company News
TechFinancials won't proceed with sale of subsidiaries
Financial trading technology provider TechFinancials announced on Tuesday that it has decided not to progress with the proposed sale of its shareholdings in its non-core subsidiaries, BO TradeFinancials and MarketFinancials, to S. Win Holdings.
Supermarket sales boosted by food inflation and veganism
Supermarket sales increased in value by 3. 4% in recent weeks thanks to grocery inflation and a trend for veganism, with the 'big four' groups continuing to lose market share to discounters Lidl and Aldi.
Numis hails 'very strong' start to year, revenues 'significantly' ahead
AIM-listed institutional stockbroker Numis hailed a "very strong" start to the year on Tuesday, with revenues "significantly" ahead of the same period a year ago and continued momentum across the business.
Government could take over Stagecoach's East Coast franchise
Stagecoach was under the cosh as the transport minister said late on Monday that the government could take over the company’s running of the rail route between London and Edinburgh after it got its numbers wrong when bidding for the franchise.
Angle reaches provisional agreement with Abbott
Medical diagnostics group Angle inked a deal with US healthcare firm Abbott on Tuesday, with the latter agreeing to provide Angle with its proprietary PathVysion HER-2 DNA FISH probe kits for its ANG-002 Federal Drug Administration study.
Walker Greenbank full year results seen in line with expectations
AIM-listed luxury interior furnishings group Walker Greenbank said on Tuesday that its results for the year should be in line with the board's expectations.
Christie Group sees 2017 results significantly ahead of previous year
Christie Group said on Tuesday that 2017 results are expected to show a "significant" improvement on the previous year as trading in the second half was stronger than the first.
St Modwen says strategy on track after solid 2017
St Modwen Properties reported its new strategy was on track as the regeneration-focused property company reported solid annual results on Tuesday.
Asiamet sees potential link between Indonesian resources
Copper and gold exploration firm Asiamet Resources has continued to intersect high-grade copper mineralisation at the BKZ Polymetallic prospect located on its Kalimantan Surya Kencana asset, indicating that it may be linked with the same basin as its existing BKM drill programme.
All change at the top of Investec Group
Investec updated the market on its succession planning on Tuesday, reporting that group chief executive Stephen Koseff and managing director Bernard Kantor would step down from their roles on 1 October.
Retail sales rise in January driven by higher food prices - BRC
UK retail sales crept up in January but the increase was due to rising food prices rather than increased demand for goods on the high street.
Babcock says profit on track but revenue disappoints
Babcock International said it was on track to meet profit forecasts but that revenue would be lower than expected amid concerns about cuts to defence spending and the viability of government contractors.
Idorsia posts loss in first results since Actelion split
Swiss small molecule discovery and development firm Idorsia Pharmaceuticals released its first set of results since the business's demerger from Actelion in June 2017, posting a full-year CHF 8m operating loss across the group.
Sanne sees full year underlying EPS in line despite FX impact
Sanne, a FTSE 250 provider of alternative asset and corporate administration services, said on Tuesday that 2017 underlying earnings per share are anticipated to be in line with the board’s expectations despite the adverse impact from currency movements, thanks to continued momentum in the second half.
Ocado gets 'cute' with fundraising as it warns on 2018 profits
Ocado reported strong sales growth from a "transformational" year but also could not help asking investors for big chunk of extra cash as profits in 2018 will be hit by investment in new facilities.
Hargreaves Lansdown makes solid progress at half-year
Hargreaves Lansdown released its interim results for the six months to 31 December on Tuesday, reporting net new business of £3. 34bn, while assets under administration went up 9% over the period to £86. 1bn.
BP profit surges in fourth quarter to beat forecasts
BP's profit surged to $2. 1bn (£1. 5bn) in the fourth quarter from $400m a year earlier as the oil company gained from rising production.
Softcat sees full-year results slightly ahead of expectations
Softcat, a FTSE 250 provider of IT infrastructure products and services, said on Tuesday that full-year results are anticipated to “slightly exceed” previous expectations.
EasyJet traffic, load factor rise in January
Budget airline EasyJet reported an 8. 7% jump in January traffic on Tuesday as the load factor ticked up.