Company News
Trinity Mirror cuts costs to save profits ahead of Reach rebrand
Trinity Mirror reported falling revenues and an upcoming rebrand on Monday as the publisher released its financial results for 2017.
Third of top UK restaurant chains failing as Carluccio's joins the pile
Over a third of the UK’s top 100 restaurant groups are failing to make a profit, a study into the sector has found.
Tuesday preview: Haldane speaks, results for Ashtead and Just Eat
A speech from the Bank of England's Andy Haldane should liven up what is looking like a fairly quiet Tuesday on the financial calendar after corporate updates from the likes of Ashtead, Just Eat and McCarthy & Stone.
Amazon mulling current account offer with JP Morgan
Amazon’s continued quest for world domination extended into retail financial services on Monday, with reports the e-commerce and technology behemoth was considering a partnership with Wall Street banks to build a current account product for US customers.
Investment in tech paying off for MySale
International online retailer MySale Group announced its unaudited interim results for the six months ended 31 December on Monday, reporting an 80% improvement in underlying EBITDA to a record AUD 5. 5m.
Stellar Diamonds losses widen as it toys with offer from Newfield
West Africa-focussed diamond development company Stellar Diamonds announced its unaudited interim results for the six months to 31 December on Monday - a period in which it completed a placing of £0. 33m and an oversubscribed open offer raising £0. 2m.
SysGroup signs up Home Bargains on three-year contract
Managed IT services and cloud hosting provider SysGroup has signed a three-year managed hosting services contract with one of the UK's largest high street discount retailers T. J. Morris - which trades as Home Bargains - it announced on Monday.
President Energy posts uptick in Argentine reserves
Upstream oil and gas company President Energy announced the results of the latest Argentine yearly reserves certified as at 31 December on Monday, conducted by JR Consultores led by Juan Rosbaco, a leading Argentine reserves auditor.
AppScatter trades in line, signs deal with Airpush
Scalable business-to-business software-as-a-service (SaaS) platform provider appScatter Group announced on Monday that, following its successful IPO in September, sales and losses before tax for the year ended 31 December were expected to be in line with market expectations.
Increase in lending boosts Orchard Funding Group
Specialist insurance premium finance and the professions funding company Orchard Funding Group updated the market on its trading for the six months ended 31 January on Monday, with the board reporting that performance was in line with its expectations.
Builders not bricking it as May's housing threats fall flat
Unveiling reforms to property planning legislation, Prime Minister Theresa May vowed to come down like a tonne of bricks on housebuilder that "sit on land" and on developers than try to avoid building affordable homes.
Qualcomm files for inquiry into national security risk of Broadcom takeover
The US government has delayed a vote by Qualcomm shareholders on a proposed takeover by Singapore-based rival Broadcom due to an investigation into the potential risks to national security which the acquisition might pose.
Ergomed expects earnings below market consensus despite top line growth
Pharmaceutical services and drug development company Ergomed announced on Monday that it expects its adjusted earnings to be lower than the market consensus.
Zambeef extends due date on subsidiary sale process
Zambeef updated the market on the sale of most of its Zampalm subsidiary on Monday, to the Industrial Development Corporation of Zambia (IDC).
Egdon to partially offload Lincolnshire licence interest
Egdon Resources has reached agreement on heads of terms in respect of a farm-out of interests in its PEDL253 licence to Union Jack Oil and Humber Oil & Gas, it announced on Monday.
Savannah pleased with latest test results at Mina do Barroso
Resource development company Savannah Resources announced on Monday that its phase 2 metallurgical test work has returned “encouraging results” at the Mina do Barroso Lithium Project in Portugal.
Ofgem to ban backbilling by energy suppliers
Energy industry regulator Ofgem said it was banning gas and electricity suppliers from backbilling consumers for energy used more than 12 months ago.
RedT connects third machine to South African grid
RedT Energy announced on Monday that it has connected a third fully operational energy storage machine to the grid in South Africa, helping to reduce carbon emissions.
Union Jack Oil ups stake in Biscathorpe Prospect, raises £1.25m in placing
Union Jack Oil said on Monday that it has agreed to up its interest the drill-ready Biscathorpe Prospect to 22% and that it has raised £1. 25m through a placing and subscription.
ECO Animal Health gets regulatory go-ahead in Argentina
ECO Animal Health Group announced on Monday that its subsidiary, ECO Argentina, has received a number of marketing authorisations for ‘Aivlosin’ from Servicio Nacional de Sanidad y Calidad Agroalimentaria (SENASA) in the Republic of Argentina.