Company News
Faroe Petroleum commits to new North Sea exploration well
Independent oil and gas company Faroe Petroleum announced on Wednesday that it has committed to drill its 50%-owned Brasse East exploration well with joint-venture partner Point Resources.
Synectics' company QSG secures contract worth over £1m
Synectics announced on Wednesday that its portfolio company Quadrant Security Group ('QSG') has signed a contract worth over £1m.
Strix successfully protects its patents and IPs in trio of cases
Kettle safety controls designer and manufacturer Strix Group announced on Wednesday that it has successfully protected a number of its patents and intellectual properties.
Wey Education appoints human resources whizz as executive director
Educational services group Wey Education announced on Wednesday that it has appointed Tony Knowles as executive director of human resources after he joined the company earlier in May.
Thursday preview: TalkTalk and Kingfisher results under scrutiny
Retail figures on Thursday will be more widely studies than usual as the market seeks reasons for the Bank of England to regain confidence over the economy, while company news includes closely watched results from Kingfisher and TalkTalk.
EasyHotel outperforms market as it continues to expand
Superbudger hotel operator easyHotel issued its interim results for the six months ended 31 March on Wednesday, reporting an 11. 2% improvement in owned hotels revenue per available room (RevPAR), significantly outperforming the market by 11. 7%.
FTSE 250 movers: Britvic fizzes higher; Vedanta slumps as protests turn violent
London's FTSE 250 was down 0. 6% to 21,064. 66 in afternoon trade on Wednesday amid a flurry of corporate releases.
Strong profit growth continues into new year at Norish
Norish updated shareholders on its performance ahead of its annual general meeting on Wednesday, confirming that 2018 so far was looking to be “another year” of strong profit growth.
Bagir urges patience on Shandong Ruyi deal
Tailoring company Bagir updated the market on its proposed strategic partnership with textiles manufacturer Shandong Ruyi Technology Group on Wednesday, under which Shandong Ruyi would invest $16. 5m to acquire 54% of Bagir’s enlarged issued share capital.
Catalyst's SIS investment could see major impact from fixed-odds betting change
Catalyst Media Group updated the market on its Sports Information Services investment on Wednesday, following the reduction of the maximum stake for fixed-odds betting terminals to £2 as announced recently by Westminster.
NAHL trading in line in year-to-date
Legal services consumer marketing business NAHL said its first four months of trading in 2018 had been in line with management expectations, as its shareholders got together for the annual general meeting.
Stilo International sales remain on track, investors told
Software tools and cloud services developer Stilo International told shareholders that sales projections for the current financial year remained in line with management expectations on Wednesday, as they gathered for the company’s annual general meeting.
BT releases new 'Plus' plans with broadband and mobile on one bill
BT announced the launch of its new ‘BT Plus’ product on Wednesday, describing it as the UK’s first converged fibre and 4G plan.
Vedanta Resources slides as copper plant protesters killed by police
Vedanta Resources was under the cosh on Wednesday despite saying it swung to a full-year net profit, after as many as 12 people were killed and scores injured when police opened fire onto a crowd protesting against the expansion of its Tuticorin copper smelter in India.
Barclays casts eye over Standard Chartered as Bramson hovers
Barclays is reported to be considering a merger with Standard Chartered or another international bank as part of contingency planning prompted by the arrival of activist investor Edward Bramson as a shareholder.
Hollywood Bowl strikes hot streak in first half
British ten-pin bowling operator Hollywood Bowl turned in a "strong" financial performance in the first six months of the year on Wednesday, with revenues increasing on the back of its new-look sites.
Luton airport workers to strike after rejecting John Menzies pay deal
Baggage handlers at Luton Airport have rejected a pay offer from John Menzies's aviation arm and have warned of plans to go on strike over the bank holiday.
Bahamas Petroleum raises funds, hires new advisers as deal talks continue
Oil and gas explorer Bahamas Petroleum has raised £1. 1m at a discounted price of 2. 5p per share and hired new corporate advisers as it looks to secure a partnership deal with a major oil company.
Shearwater Group's portfolio company expands US operations with partner agreement
Shearwater Group announced on Wednesday that its portfolio company, SecurEnvoy, has entered into an agreement to have XenTegra represent it as a new valued-added reseller in the US.
Stride Gaming turns a corner as 'real-money' pushes revenues ahead
AIM-listed online games operator Stride Gaming clawed its way into the black over the last six months, as its "real-money" model pushed revenue and profits ahead in the first half of its trading year.