Company News
Wednesday preview: Fed Beige Book, Dunelm in the spotlight
Barring surprises on the global trade front or Brexit, the spotlight on Wednesday is likely to be on the release of the US central bank's so-called 'Beige Book', late in the US session and after the close of markets in London.
Berenberg upgrades 'category killer' Wetherspoon's to 'buy'
Analysts at Berenberg upgraded pubco JD Wetherspoon to 'buy' from 'hold' on Tuesday, labelling the landlord as a clear "category killer" in the value pub market thanks to its relentless drive towards price leadership and customer satisfaction.
TP Group narrows losses in first half
TP Group's losses narrowed across the first half of its trading year as the specialist services and engineering firm began to deliver on its growth strategy.
Silence Therapeutics losses deepen as lead drugs near trials
Biotechnology firm Silence Therapeutics shares fell on Tuesday after reporting a first half loss after tax of £8. 7m, up 57%, due to costs associated with bringing its two lead programmes towards the clinic.
Elementis cuts up-front price of Mondo acquisition, shares still fall
Elementis has cut the up-front price of its acquisition of industrial talc group Mondo Minerals by $100m after the deal was poorly received by investors.
Shareholders in Bonhill Group told of 'significant change' in recent months
Investors in Bonhill Group were told of how the media form had undergone a period of “significant change” in recent months on Tuesday morning, as they gathered for the firm’s annual general meeting.
DP Eurasia performs well amid Turkey turbulence
Domino’s Pizza franchisee DP Eurasia posted its interim numbers for the six months ended 30 June on Tuesday, reporting a 28. 1% rise in group system sales to TRY 510. 4m.
Alumasc FY hit by severe weather, Carillion collapse and Brexit uncertainty
Building products group Alumasc posted a drop in full-year revenue and profit on Tuesday as it took a hit from severe weather in the third quarter, the liquidation of Carillion and Brexit uncertainty.
Team17 posts solid maiden interim numbers
Games label, creative partner and developer of independent video games Team17 announced its maiden interim results for the six months ended 30 June on Tuesday, reporting a 48% rise in revenues to £15. 4m.
STM Group posts decent first-half performance
Financial services company STM Group released its unaudited interim results for the six months ended 30 June on Tuesday, reporting a 6% improvement in revenue year-on-year to £10. 8m.
Midwich's profit up 48% after continental expansion
Specialist audio-visual distributor Midwich saw its shares dip on Tuesday despite posting double digit growth across the board in its interim results.
CPL Resources reports 'another year of growth'
CPL Resources told investors it had witnessed "another year of growth" on Tuesday, with both revenues and profits moving ahead.
Nucleus Financial's first-half profits surge despite soft inflow
Just a couple of months after its initial public offer, Nucleus Financial reported a drop in net inflows but a doubling of interim profits as a result of an increase in assets under administration.
Capita re-selected for £93m HSE contract
Capita has been re-selected by the Health and Safety Executive to continue managing the Gas Safe Register.
Surgical Innovations emerges from tough six months looking good
Designer, manufacturer and distributor of innovative medical technology Surgical Innovations Group issued its financial results for the six months ended 30 June on Tuesday, reporting growth in revenues and profit despite some significant headwinds in the market and regulatory environment, primarily due to the acquisition of Elemental Healthcare in August last year.
Inspired Energy gobbles up Professional Cost Management Group
Energy procurement consultant Inspired Energy completed the acquisition of Professional Cost Management Group (PCMG), a national cost recovery specialist, for an aggregate consideration of up to £0. 7m cash on Tuesday.
Megadeals could see biggest M&A boom since financial crisis
The value of global mergers and acquisitions in the first half of the year was the highest level since before the financial crisis of 2007, with 2018 potentially on course for a record year.
Murgitroyd Group performs well despite dip in revenue
Murgitroyd Group announced its audited results for the year ended 31 May on Tuesday, reporting a 7% improvement in underlying profit before income tax to £4. 1m year-on-year.
Seeing Machines launches driver monitoring system for test fleets
Computer vision technology company Seeing Machines has launched a retrofit driver monitoring system for autonomous vehicles, it announced on Tuesday, in response to what it said was “clear demand” from the broadening deployment of semi-autonomous and autonomous research vehicles.
Newly-listed SimplyBiz pleased with first half performance
Independent provider of compliance and business services SimplyBiz announced its unaudited results for the six months ended 30 June on Tuesday, reporting a 13. 7% improvement in group revenue to £24. 2m.