Company News
Physiomics narrows losses despite sliding revenues
Computational biology services provider Physiomics saw revenue drop 57% to £74,000 over the six months leading to 31 December, but the Oxford-based firm believed that a resurgence of interest in rational drug design was just around the corner.
Grafton buys Leyland SDM for £82.4m
FTSE 250 merchanting and DIY group Grafton has acquired London-based independent specialist decorators’ merchant Leyland SDM for £82. 4m on a debt-free, cash-free basis.
Xtract Resources collaboration will create "fast track hard rock operation"
Xtract Resources announced a collaboration agreement between its subsidiary Explorator Limitida and Omnia Mining on Monday.
Surgical Innovations subsidiary lands UK distribution deal with Swiss outfit
Surgical Innovations announced on Monday that its subsidiary Elemental Healthcare has signed a three year distribution deal with a Swiss company.
Gordon Dadds makes fourth acquisition since August
Gordon Dadds announced on Monday that it has acquired Cardiff solicitors Thomas Simon Limited for £1. 875m, plus an amount related to net tangible assets.
City of London Investment Group makes good first-half progress
City of London Investment Group released its half-year results for the six months to 31 December on Monday, with funds under management reaching $5. 3bn (£3. 9bn) at period end, rising from $4. 7bn at the beginning of the financial year.
Reckitt Benckiser 2017 LFL revenues flat
Consumer goods company Reckitt Benckiser reported a rise in pre-tax profit for the year on Monday and an increase in revenue, although like-for-like sales were flat.
MJ Gleeson on track to meet full-year expectations
Community regeneration housebuilder MJ Gleeson announced a “strong performance” for its first half on Monday, with profit before tax up 19. 1% and an increase in the interim dividend of 38. 5% to 9. 0p per share.
Secure Property makes solid NAV gains in 2017
South eastern European-focussed property and investment company Secure Property Development & Investment announced on Monday that, as at 31 December, the net asset value of its portfolio of properties stood at approximately €51. 5m - including €2. 8m being the net value of the prepayments already made by year-end for the Olympians project in Romania.
Petra Diamonds warns on profits again but investors welcome covenant relief
Petra Diamonds warned on Monday that full-year earnings would come in below market expectations, having already issued a profit warning at the end of last month that reset analysts' forecasts.
Haydale gets foothold in growing Asia market with supply agreement
Haydale Graphene Industries’ Taiwan based division Haydale Technologies has signed a supply agreement with a Japanese inks firm.
Gordon Dadds completes Thomas Simon acquisition
AIM-listed Gordon Dadds has completed the acquisition of Cardiff solicitors Thomas Simon for £1. 9m plus an amount related to net tangible assets.
Breedon confirms talks with Belfast-based Lagan
AIM-listed construction materials group Breedon confirmed on Monday that it is in talks with Belfast-based Lagan.
Dart Group flies higher as it says profit will exceed expectations
Shares in Dart Group flew higher on Monday after the Jet2holidays parent said underlying pre-tax profit for the year to the end of March 2018 is expected to be "materially ahead" of current market views as prices return to normal following heavy discounting over the past year.
Frontier IP completes first fundraising for portfolio company Molendotech
Frontier IP’s portfolio company Molendotech has received a total of £0. 5m in its first fundraising, which will be invested in three separate tranches.
EnQuest expects significant production growth in 2018
Oil and gas development and production company EnQuest told investors on Monday to expect material production growth in 2018 as its Kraken project in the North Sea continued to return improved results.
SimiGon flying high after contract win with FAA
SimiGon announced on Monday that it has won a follow-up contract to provide the US Federal Aviation Administration (FAA) with its simulation software.
N Brown appoints Tesco UK & Ireland boss Matt Davies as chairman
Retailer N Brown has appointed Matt Davies - currently the head of UK and Ireland for Tesco - as its new chairman, succeeding Andrew Higginson.
Fidessa sees 'solid growth' as firms look towards new tech
Trading and investment management software and services provider Fidessa reported solid growth it its transforming markets in its final results on Monday, with revenue rising 7% to £353. 9m.
Spectris FY profits up 12% on US recovery, acquisitions
Industrial instruments maker Spectris Group on Monday said full year pre-tax profit rose 12% to £218. 4m, lifted by acquisitions and a recovery in US and key market demand.