Company News
Amryt Pharma spreads influence to Russia and Balkans
Amryt Pharma announced on Thursday that it has signed an agreement with Aegerion Pharmaceuticals to “significantly expand” its exclusive licence agreement to sell its specialist cholesterol product Lojuxta.
Sprue Aegis to pay over £10m to settle legal dispute
Home safety products firm Sprue Aegis announced on Thursday that its subsidiary Sprue Safety Products has terminated all agreements with BRK Brands and associated parties following an alleged contract breach by Sprue.
Superdry unfashionable with investors after trading update
Shares in trendy fashion retailer Superdry fell heavily on Thursday as the company as February's “Beast from the East” snowstorm and lower spring temperatures took their toll on store sales.
Next lifts full-year profit guidance as warm weather boosts Q1 sales
Clothing retailer Next upgraded its profit guidance for the year on Thursday as it posted a rise in first-quarter sales thanks to unusually warm weather in recent weeks.
BT axes 13,000 jobs to cut £1.5bn costs as annual profits dip
As it reported another year of lower profits, BT Group said it will cut 13,000 back office jobs but hire 6,000 more new staff as part of an operating strategy rejig that aims to cut £1. 5bn of costs within three years.
Great Portland launches new community strategy
Great Portland Estates announced the launch of its new community-focussed feel-good strategy on Thursday, titled ‘creating sustainable relationships’.
TP ICAP revenue rises as some trading conditions improve
TP ICAP updated the market on its trading for the four month period from 1 January to 30 April on Thursday, reporting revenue growth of 3% to £601m, as shareholders arrived at the company’s annual general meeting.
Eagle Eye moves into full trial with Sainsbury's for new Nectar scheme
Retail loyalty-scheme software specialist Eagle Eye Solutions has extended its contract with Sainsbury's for the deployment of its digital wallet functionality.
Currency still a headwind for Vesuvius
Molten metal flow engineering company Vesuvius updated the market on its trading on Thursday, reporting that current market conditions remained “positive”, as investors met for the annual general meeting.
SIG on track as its markets remain mixed
Specialist building products supplier SIG updated the market on its trading on Thursday morning, maintaining its expectations for the year, as investors gathered in Sheffield for the company’s annual general meeting.
Derwent London signs £2.4m of new lettings in Q1
Property company Derwent London said it had signed £2. 4m of new lettings in the first quarter, up 4. 9% on December estimated values.
Old Mutual's Nedbank reports strong first quarter
Old Mutual’s Nedbank division reported a strong first quarter after its Ecobank subsidiary returned to profit.
Rathbone Brothers pleased with Q1 amid challenging market
Rathbone Brothers updated the market on its trading for the first quarter on Thursday, reporting total funds under management of £37. 8bn at the end of March - down 3. 3% from £39. 1bn at 31 December.
Capita tumbles as rights issue shares begin trading
Outsourcer Capita loaded 1bn new shares onto the market on Thursday as it completed its £701m rights issue priced at 70p per share, enabling the FTSE 250 firm to carry out its new strategy.
Stobart swings to full-year profit thanks to disposal
Stobart, the owner of Southend Airport, swung to a profit in the year to February following the partial disposal of its investment in Eddie Stobart Logistics.
Randgold shares slump as Q1 profits, production fall
Shares in Randgold Resources fell 9% on Thursday as the company said first quarter profits fell 22% year on year to $66. 5m as a result of lower production and increased costs.
Shaftesbury snaps up two more West End properties
Real estate investment trust Shaftesbury has exchanged contracts to acquire 35 and 36 Great Marlborough Street in London's West End.
Ixico wins expansions to two clinical trial contracts
Digital technologies company Ixico has won extensions to two contracts, expanding the clinical trial services it is providing to a pair of biopharmaceutical companies that will increasing the combined value of the contracts.
ITV gets off to good start thanks to online and studio content
ITV reported strong first-quarter growth in advertising revenues as new chief executive Carolyn McCall said her "strategic refresh is progressing well" ahead of a summer where profits will hang to a large extent on the FIFA World Cup.
Melrose announces pay review before AGM
Melrose Industries said it would review its pay arrangements and consult with shareholders as it prepared for a potentially rocky annual general meeting.