Company News
Mercia Technologies sells Science Warehouse
AIM-listed Mercia Technologies has sold one of its leading direct investments, Science Warehouse, to Advanced Business Software and Solutions for £16. 9m in cash.
Personal Group salary sacrifice project with Royal Mail goes live
British employee services provider Personal Group saw its salary sacrifice offer to employees of Royal Mail go live on Friday.
Essentra narrows full year losses as dividend held
Plastics and fibre maker Essentra on Friday reported a narrowing of full year losses while declaring a flat dividend.
Spire Healthcare's new vision fails to stop shares hitting thee-year low
Spire Healthcare Group reported a 24% fall in profits for the last full year after a decline in NHS local work but the private healthcare operator maintained its dividend as new boss Justin Ash said he was "encouraged by the excellent opportunity" ahead.
Amerisur's OBA pipeline nets savings which will 'escalate further'
Oil and gas producer Amerisur Resources announced on Friday that its OBA pipeline has now saved the company $20. 3m after originaly costing $18m.
Amur completes ice road, begins restocking Kun-Manie
Nickel-copper sulphide mineral exploration and resource development company Amur Minerals Corporation announced the completion of the 350 kilometre ice road from the Ulak station on the Baikal-Amur railway, to its Kun-Manie project in the far east of Russia, on Friday.
Braemar enters trading plan with employee share ownership trustee
Braemar Shipping Services announced on Friday that SG Kleinwort Hambros Trust Company, as trustee of the Braemar employee share ownership plan, has entered into a trading plan with the company.
Custodian announces drive-through Starbucks for Birmingham
Property investment company Custodian REIT announced the completion of a forward-funding agreement for a pre-let development, together with the purchase of the development land, on Friday.
PowerHouse pleased with testing progress at Thornton Science Park
PowerHouse Energy Group updated the market on its progress with the demonstration system at the University of Chester’s Thornton Science Park on Friday, after the ‘Distributed Modular Gasification’ (DMG) system was successfully commissioned after a complete rebuild and upgrade on its arrival in the UK last year.
Access Intelligence losses widen despite expanding contract values
Software and computer services firm Access Intelligence saw a strong performance in new business and increased upsell into its existing client base throughout the twelve months leading to 30 November, growing its annual contract value by more than £600,000 in just the second half of the year.
AFH Financial performing in line, chairman says
Investors in AFH Financial Group were set to be told that the company was continuing to perform in line with expectations at its annual general meeting in Bromsgrove on Friday.
Strix's business Aqua Optima filters out competition with Boots contract
Kettle safety control company Strix Group announced on Friday that its home water filter business has won a contract with UK high street colossus Boots.
Savannah investment moves a step closer to Oman licences
Resource development company Savannah Resources announced on Friday that approvals have been received for all eight of the required Oman government permitting approvals for the Maqail South Mining Licence application, and seven for Mahab 4, with only the Ministry of Housing remaining.
Ipsos to invest around £3m in Big Sofa
AIM-listed Big Sofa said on Friday that market research organisation Ipsos has agreed to invest around £3m in the company by way of a subscription for 16. 4m ordinary shares at 18. 5p each.
Old Mutual's Nedbank pleased with 2018 prospects
Nedbank Group, the majority-owned South African banking subsidiary of Old Mutual, issued its preliminary audited results for the year ended 31 December on Friday, reporting that it continued to create value for all stakeholders in a “challenging” political and economic environment.
Johnson Matthey nabs Jason Apter to run health division
Johnson Matthey announced the appointment of Jason Apter as its sector chief executive of health on Friday, confirming he would join the company on 5 March and be based in the US.
ASOS CFO Helen Ashton to leave
ASOS said on Friday that chief financial officer Helen Ashton will be leaving the online fashion retailer in the summer.
ConvaTec buys Texas-based J&R Medical
FTSE 250 medical products and technologies company ConvaTec has announced the acquisition of Texas-based catheter-related supplies distributor J&R Medical for an undisclosed sum.
Core businesses help lift LSE operating profit to £626m
London Stock Exchange Group said full year operating profits rose 47% to £626m as core businesses all put in a strong showing.
IMI FY profits up; sees revenue growth in 2018
Engineering group IMI said full year pre-tax profits rose 9. 4% to £180. 9m as new products drove an improved performance in what it called a “mixed” trading environment.