Company News
Thor lauds inclusion of tungsten on list of critical minerals
Exploration and development company Thor Mining welcomed the inclusion of tungsten on the US department of the interior’s list of critical minerals.
Friday preview: UK GDP unlikely to be revised up
Friday's second reading of UK gross domestic product has the potential for the disappointing growth in the first quarter to be upgraded, though economists are not confident.
Shoe Zone profit ahead as it makes bank on rent renewals
Budget footwear retailer Shoe Zone issued its interim results for the six months ended 31 March on Thursday, reporting revenue growth of 1. 1% to £73. 7m.
Katoro upbeat after Tanzania regulatory changes
Tanzania-focussed gold exploration and development company Katoro Gold updated the market on its Imweru Gold Project on Thursday.
Deutsche Bank announces over 7,000 lay-offs worldwide
German lender Deutsche Bank announced on Thursday it was preparing over 7,000 lay-offs across its global operations in a bid to cut costs.
Oxford Metrics offloads Yotta Surveying in £1.3m deal
Software company Oxford Metrics announced the sale of Yotta Surveying to construction and civil engineering company Ginger Group on Thursday.
GoTech cash shell pivoting to medical cannabis
Cash shell GoTech announced its intention to seek shareholder approval a number of things on Thursday, the first of which would be the cancellation of its shares to trading on AIM.
Young's serves up heady growth in preliminary results
Young & Co’s reported a 3. 9% improvement in revenue in its preliminary results on Thursday, to £279. 3m.
Paypoint lifts dividend as new tech rollout continues
Payment services and technology firm Paypoint issued its preliminary results for the year ended 31 March on Thursday, reporting 5% growth in revenue to £213. 5m.
SRT Marine Systems confirms fundraising talks
SRT Marine Systems, an AIM-listed provider of maritime tracking, monitoring and management systems, confirmed on Thursday that it is in talks with certain institutional and other investors about a fundraising.
US existing home sales slide 2.5% in April
Sales of US existing homes slid in April after two straight months of increases, according to data from the National Association of Realtors.
Oncimmune secures distribution agreements to expand into Brazil, Colombia and Moldova
Early cancer detection firm Oncimmune Holdings announced on Thursday that it has signed two exclusive agreements for distribution of its EarlyCDT-Lung test in Brazil and Colombia, and Moldova.
EnQuest reaffirms production guidance despite unplanned Kraken shutdown
British oil and gas firm EnQuest reaffirmed its full-year production guidance on Thursday after seeing flow rates increase almost 50% throughout the first four months of the year.
Fusion Antibodies secures funding from business development agency
Antibody engineering services firm Fusion Antibodies announced on Thursday that it is to create jobs after securing receipt of additional grants from Invest NI.
Mediclinic maintains dividend but Swiss outlook cloudy
Hospital operator Mediclinic International kept its dividend flat as it reported a £492m loss after changes in the Swiss regulatory environment led to considerable non-cash write downs.
Realm completes enrolment in Phase 2 atopic dermatitis treatment study
Clinical-stage biopharmaceutical company Realm Therapeutics has completed enrollment in its Phase 2 study of PR022 - its topical IL-4 / IL-13 inhibitor for the treatment of atopic dermatitis - it announced on Thursday.
Earthport poaches new CEO from Microsoft
Cross-border payments enabler Earthport has poached a Microsoft general manager Amanda Mesler to fill its vacant chief executive role.
Headlam sales suffer in weak start to 2018
Headlam’s like-for-like sales fell in the first four months of 2018 as the carpet and flooring distributor suffered from a weak UK market, reduced orders from its biggest customer and bad weather.
Tate & Lyle CEO plots new path as commodities boost profits
Tate & Lyle has reported a 13% increase in annual profit driven mainly by the rising price of commodities.
Smurfit Kappa agrees Dutch paper deal, investors urge US bid talks
Smurfit Kappa agreed to acquire privately owned paper and recycling business Reparenco for approximately €460m following a competitive process, while facing mounting shareholder demands to revive talks with US suitor International Paper.