Company News
Targovax completes lead-in portion of cancer trial
Clinical stage immuno-oncology therapies company Targovax has completed the lead-in portion of a randomised clinical trial on its mesothelioma cancer treatment in an attempt to test the product's safety and clinical benefit versus chemotherapy.
Smith & Nephew launches new single use negative pressure wound treatment
Medical technology company Smith & Nephew launched its new PICO 7 single-use negative pressure wound therapy system to the European market on Wednesday, setting the group up to deliver further revenue growth from its advanced wound devices division.
GSK's meningitis-B vaccine gets FDA fast-track boost
A meningitis vaccine developed by GlaxoSmithKline has been given a 'breakthrough therapy' status by US drug regulators to fast-track its development to becoming a first-line treatment.
Ofgem protects 1m more energy customers but lifts cap on bills
Ofgem has acted on its pledge to protect almost 1m more households from rising energy prices but the cap on what those customers will pay will increase.
Redrow posts record interim profit and revenue amid 'robust' demand
Housebuilder Redrow posted record interim results on Wednesday, with profit and revenue up as completions rose amid robust demand.
Tullow Oil cuts debt and grows cash but holds back on dividend
Tullow Oil generated $543m of free cash flow in 2017 but said it will not pay a final dividend as it invests $460m this year in current oil-producing projects and the first of a series of "high impact" exploration campaigns.
Osirium Technologies strikes agreement with Progress Distribution
Cyber-security software-as-a-service (SaaS) provider Osirium Technologies announced an agreement with Progress Distribution on Wednesday.
SimiGon awarded 28-month contract with US Air Force
Modelling, simulation and training solutions provider SimiGon has been awarded a 28 month contract by the United States Air Force, it announced on Wednesday, to provide additional contractor logistics support for SIMbox-based T-6A Level 5 FAA-compliant flight training devices.
Harwood Wealth Management signs big deal with Frenkel Topping
Financial planning and discretionary wealth management business Harwood Wealth Management Group announced on Wednesday that it has been appointed as portfolio research partner to Frenkel Topping Group.
Severn Trent performing in line as it prepares for next regulatory period
Water and waste water company Severn Trent updated the market on its trading on Wednesday, saying it continued to expect that the group will deliver FY2018 trading performance in line with its expectations and guidance, which were previously disclosed at the half-year results in November.
Smurfit Kappa fourth quarter growth driven by European demand
Smurfit Kappa’s fourth-quarter earnings rose 10% as strong demand in Europe for the paper packaging company’s products offset weak performance in the Americas.
Imperial Brands sees lower first-half profits but increased e-vapour sales
Imperial Brands snuffed out hopes of a strong first-half result, with revenues hit by new tobacco laws in the UK and an adverse sales mix, but said it was "significantly stepping up" its activities in vaping and ecigarettes.
Johnson Matthey to take £50m charge as it settles lawsuit
Johnson Matthey said on Wednesday that it will recognise a charge of £50m after settling a lawsuit, as it announced that changes to the US tax system would have a positive impact on the group.
Acquisition-hungry DCC performing in line in third quarter
International sales, marketing and support services group DCC issued its interim management statement for the third quarter on Wednesday, saying that group operating profit for the period to 31 December was in line with expectations and ahead of the prior year.
Rio Tinto declares record dividend as earnings jump 69%, $1bn buyback announced
Mining giant Rio Tinto declared a record full-year dividend on Wednesday as it posted a jump in profit and announced an additional $1bn share buyback.