Company News
Nexus Infrastructure performing in line, chairman tells shareholders
Investors in housebuilding and commercial sector infrastructure provider Nexus Infrastructure were told of the group’s “strong market positions” at its annual general meeting on Tuesday.
LSL describes results as 'robust' as profits tumble
Residential property services provider LSL Property Services announced its preliminary results for the year ended 31 December on Tuesday, with the board reporting “robust performance” in subdued market conditions.
Findel exploring further Sports Direct opportunities
Online value retail and education business Findel said on Tuesday that it is exploring the possibility of further developing the commercial supply arrangements between its largest subsidiary, Express Gifts, and Sports Direct.
Helical sells Magnus logistics portfolio for £150m
Helical has exchanged contracts to sell the Magnus Portfolio of 20 logistics assets to real estate funds managed by Blackstone and M7 Real Estate for £150m, it announced on Tuesday.
LoopUp earnings thunder ahead as it concentrates on core business
Remote meetings service provider LoopUp Group released its unaudited preliminary results for the year ended 31 December on Tuesday, with the board reporting “strong” trading for the period.
Supermarket price inflation eases off, Sainsbury's lags rivals
Grocery price inflation eased off in recent weeks, according to two surveys of the sector released on Tuesday, which both found Sainsbury's was the slowest growing of the big four supermarkets.
White House, Justice Department sued over Fox-Disney deal records
A non-profit group has filed a lawsuit on Monday seeking records of communications between the White House and the Justice Department on the Walt Disney Co's $52. 4bn deal to buy Rupert Murdoch’s Twenty-First Century Fox Inc.
Cairn Homes swings to profit on improved sales
Irish house builder Cairn Homes saw pre-tax profits hit €6m in its most recent trading year, as a turnaround in sales pulled the company out of the red and free of the €2. 8m loss seen a year earlier.
Challenger dives on announcement of new shares application to FCA
Shares in entertainment and leisure sector investor Challenger Acquisitions tumbled on Tuesday after the Guernsey-based group made an application to the Financial Conduct Authority for the admission of almost 39m new shares to the London Stock Exchange.
FCA bans former Co-Op Bank chairman Paul Flowers from financial industry
The Financial Conduct Authority has banned Paul Flowers, the scandal-ridden former chairman of the Co-op Bank, from working in the financial services industry.
Begbies Traynor Q3 trading in line, buys Springboard Corporate Finance
AIM-listed Begbies Traynor said on Tuesday that third-quarter trading was in line its expectations, as it announced the acquisition of Springboard Corporate Finance.
Baron Oil shares jump as company earns Colter Prospect stake
Baron Oil’s shares jumped over 6% on Tuesday after the company revealed it will earn a 5% working interest in a UK licence through a farmout agreement with Corallian Energy.
Intertek full-year profit rises, dividend lifted
Inspection, product testing and certification company Intertek posted a jump in full-year pre-tax profit on Tuesday as revenue grew and it lifted its dividend.
Cambria trading in line across first five months, still down year-on-year
AIM-quoted vehicle retailer Cambria Automobiles traded in line with its board's expectations during the first five months its current financial year, "albeit behind the corresponding period in 2016/17" on both a total and like-for-like basis.
Syncona portfolio company Autolus files for US IPO
FTSE 250 healthcare company Syncona said on Tuesday that its portfolio company, Autolus, has made a confidential submission of a draft registration to the US Securities and Exchange Commission about a potential initial public offering.
McCarthy & Stone sees rise in H1 profits as average sales prices rise
Retirement house builder McCarthy & Stone said it expected first half revenues to be £2m higher year on year at £240m as average selling prices increased although offset by on lower completions.
Rotork forecasts currency headwinds for 2018
Rotork said revenue and profit growth would be constrained by currency swings this year as the marker of industrial valve actuators reported an increase in operating profit for 2017.
Optibiotix inks probiotic deal across Europe
Food supplements developer Optibiotix has entered into a production and commercialisation agreement with Italian group Fine Foods & Pharmaceuticals, granting the latter with an exclusive license for the production and supply of OptiBiotix's anti-cholesterol probiotic in Europe.
Aggreko profit drops in 2017 as power solutions utility business weighs
Aggreko lost steam on Tuesday after posting full-year results in line with expectations, as it reported a drop in pre-tax profit on the back of weakness in the power solutions utility business.
Ibstock builds on UK housing shortage
Britain's housing shortage and high demand for clay bricks helped Ibstock record a 12% rise in full year adjusted pre-tax profits to £88. 3m.