Company News
Royal Mail, ContourGlobal, On The Beach promoted in FTSE reshuffle
Royal Mail has bounced straight back into the FTSE 100 after just three months out of the top flight index, while it was all-change as the FTSE 250 index welcomed demoted Hammerson and new names including Bakkavor, Charter Court and ContourGlobal plus retail stalwart Games Workshop.
Thursday preview: WPP, US data barrage ahead
The market spotlight on Thursday is likely to again be on recently-appointed US central bank chief Jerome Powell, as he delivers the second part of his semi-annual testimony to Congress, this time before the Senate Banking Committee.
Prezzo to close 100 branches, costing hundreds of jobs
Restaurant chain Prezzo is to restructure its business, closing 100 branches and putting several hundred jobs at risk as the company deals with its financial struggles.
Avingtrans revenues soar after HTG acquisition
Engineered components, systems, and services provider Avingtrans saw revenue hit £26. 9m in the six months leading to 13 November, up from the £9. 6m reported at the same time a year earlier, driven principally by its earlier acquisition of the Hayward Tyler Group.
GETECH achieves positive cash flow and appoints new board members
Natural resource development company GETECH Group reported on Wednesday that it returned a to cash positive operating position over the 17 month period leading up to 31 December.
Arsenal offsets turnover decrease by netting profit from transfers
Arsenal Holdings PLC, the group which operates Arsenal Football Club, recorded a decrease in operating profits in their half year results on Wednesday as the club continues to struggle on the pitch.
Travis Perkins profits down amid tough trading conditions
Building merchant Travis Perkins posted its annual results for the year ended 31 December on Wednesday, reporting lower profits and guiding to a flat 2018.
Primorus to sell 5pc Horse Hill Developments interest to Solo Oil
Primorus Investments has entered into a conditional sale and purchase agreement to dispose of a 5% interest in Horse Hill Developments to Solo Oil, it announced on Wednesday.
Globalworth makes solid progress with developments
Globalworth Real Estate updated the market for its operations for the year ended 31 December on Wednesday, ahead of the publication of its annual report in early March.
Surgical Innovations subsidiary extends agreement with Microline
Surgical Innovations Group announced on Wednesday that its wholly owned subsidiary, Elemental Healthcare, has signed an additional three-year exclusive UK distribution agreement with Microline Surgical in the US, which was due for renewal on 31 March.
US pending home sales slump in January
US pending homes unexpectedly declined in January, according to figures from the National Association of Realtors.
Tesco's Booker takeover given go-ahead by shareholders
Tesco and Booker Group shareholders have both voted through the supermarket giant's contentious £3. 7bn takeover of the country's leading wholesaler.
Phoenix Global acquires majority stake option at Gordon Lake
North America-focussed base and precious metals exploration and development company Phoenix Global Mining has entered into an exclusive option to acquire 80% of the high-grade Gordon Lake gold property in the Northwest Territories, Canada, from ExGen Resources, it announced on Wednesday.
Osirium Technologies adds support for Microsoft Azure
Cyber-security software-as-a-service provider Osirium Technologies announced support for the Microsoft Azure cloud platform on Wednesday.
GoCompare thrives after turning down ZPG takeover
Price comparison website operator GoCompare. com Group reported a 19. 8% increase in adjusted operating profit to £36m over the previous year on Wednesday, with revenues also up.
Midatech liver cancer drug candidate gets Orphan Drug Designation
Specialty pharmaceutical company Midatech announced on Wednesday that the European Medicines Agency has granted Orphan Drug Designation for its advanced liver cancer drug candidate, MTD119.
UK mobile auction sees surprise bid from SoftBank - report
The Japanese giant SoftBank has reportedly backed a bid to create a new mobile network in the UK through Ofcom’s auction of airwaves for 5G networks.
Savannah investigates potential lithium mine at Portuguese asset
Development company Savannah Resources has appointed engineering group Hatch to conduct a scoping study on the potential development of a lithium mine on its Mina do Barroso asset in Portugal, with results expected to be available towards the end of its second trading half.
Ironveld shares boosted as company tunnels closer to production
Ironveld announced the Department of Water Affairs' successful statutory inspection of its project at the Bushveld Complex in South Africa on Wednesday.
Foxtons profit plunges as London property transactions seize up
Foxtons' annual profit fell by almost two-thirds as the estate agent suffered from the seizing up of transactions in the London property market.