Company News
Miton's Investment Company sees broadly flat NAV across first half
Closed-ended balanced mutual fund The Investment Company reported a broadly flat net asset value for the six months leading to 31 December, as constraints to investments in the UK due to retail prices outpacing wage gains offset gains seen in the US after the White House opted to fund the majority of its public spending from reserves as opposed to bond issuance.
GCP Infrastructure hit by concerns over housing association client
GCP Infrastructure Investments played down the possible effects on its business after worries were raised by regulator Homes England about a social housing company that rents some of its properties.
Columbus Energy angered by Spanish authorities over operations shut down
Columbus Energy announced on Thursday that its operations in Spain have been dismantled following the expiry of its concession.
Diurnal secures Japanese patents and aims for further international commercialisation
Specialty pharmaceutical company Diurnal has secured two Japanese composition of matter patents for new products, it announced on Thursday.
Albert Technologies shares leap as company announces AI pilot project
Software company Albert Technologies’ shares jumped over 10% on Thursday after it announced that it will engage in a pilot project with a top 5 global advertising agency.
Beeks Financial Cloud reports rising revenue as operations expand
Beeks Financial Cloud announced on Thursday that its revenue and profits have grown in the six months ending 31 December.
Starcom share price plunges as board flags bigger losses
Remote tracking, monitoring and protection specialist dealt a blow to its share price on Thursday, after the board confirmed a significant downgrade to its expectations for the 2017 year ahead of its final results.
Arbuthnot banks on final results in line with expectations
Arbuthnot Banking Group issued a pre close trading update on Thursday, ahead of its final results announcement for the year ended 31 December, which was scheduled for 28 March.
Sareum notes success of PARP inhibitor SRA737
Specialist cancer drug discovery and development business Sareum Holdings noted on Thursday that Sierra Oncology - the licence holder advancing clinical cancer candidate SRA737 - announced yesterday that it will present preclinical data demonstrating that its Chk1 inhibitor SRA737 synergises with niraparib - a poly ADP-ribose (PARP) inhibitor - in a poster at the American Association of Cancer Research annual meeting 2018 being held in Chicago from 14-18 April.
Oakley Capital fund offloads two investments
Oakley Capital Investments announced on Thursday that the Oakley Capital Private Equity Fund II has reached an agreement to sell its 38. 5% stake in Parship Elite Group, and its 9. 9% stake in Verivox, to NuCom Group - ProSiebenSat. 1's commerce unit.
Zinc Media divisions pick up several new TV commissions
Television and multimedia content producer Zinc Media Group announced on Thursday that its television subsidiaries, Blakeway and Tern Television, have been awarded four significant production commissions.
Unions demand urgent meeting with British Gas over plan to cut 4,000 jobs
The Unite union on Thursday called for urgent meeting with British Gas after the company said it was planning more than 4,000 job cuts.
Vitec Group posts record numbers in 'transformational' year
Broadcast and photographic products and solutions supplier The Vitec Group announced its audited results for the year ended 31 December on Thursday, with adjusted revenue rising 0. 5% to £378. 1m.
Flybe soars as Stobart confirms talks over possible deal
Flybe flew higher on Thursday after infrastructure and support services business Stobart confirmed that the two are in talks about "a number of potential structures", which could include a takeover.
Sainsbury's signs thee-year SaaS agreement with Ingenta
Ingenta said on Thursday that Sainsbury's has signed a three-year contract for its advertising solutions.
Friday preview: Results from RBS, IAG, Pearson and William Hill
Royal Bank of Scotland on Friday will complete the week's series of high street banking results, accompanied by numbers from IAG, Pearson and William Hill.
IQE skirts controversy as joint-venture set to shine in product launch
IQE announced on Thursday that its joint-venture company The Compound Semiconductor Centre (CSC) is to have a key role in the launch of a new line of detectors for broadband applications.
Parliament to question Cambridge Analytica chief as part of 'fake news' inquiry
Parliament's Digital, Culture, Media and Sport Committee (DCMS) is questioning Alexander Nix, CEO of Cambridge Analytica on 27 February as part of parliamentary enquiry into fake news to investigate if the public has been manipulated and been fed untruths.
Harworth locks in five new long-term lettings across Northern assets
Coalfield and other brownfield regeneration specialist the Harworth Group has secured five new lettings for commercial space across three sites, generating itself an additional recurring income of more than £1m a year as a result.
Northgate expect 25% profits drop as it launches fleet optimisation strategy
Commercial vehicle hire group Northgate told investors that pre-tax profits from its current trading year were expected to come in roughly 25% lower than seen a year earlier on Thursday while announcing a new fleet optimisation strategy.