Company News
Wednesday preview: Brexit and Italy, US data in focus
The state of the ongoing Brexit negotiations will contine to be firmly in focus on Wednesday as the Prime Minister visits Brussels for talks with European Commission chief Jean Claude Juncker.
Indivior in freefall as it loses court ruling to block generic Suboxone
Indivior shares were in freefall in afternoon trading on Tuesday as it emerged that the company had lost an appeals court ruling that could allow Dr Reddy's Laboratories to start selling a generic version of its top-selling opioid addiction treatment, Suboxone Film.
John Menzies on track for full year
Aviation services business John Menzies said on Tuesday that it is continuing to trade ahead of last year and is on track to meet full-year expectations.
EU clears Takeda's Shire acquisition on divestment condition
The European Commission has cleared Takeda Pharmaceutical's £46bn acquisition of Shire, subject to the divestment of a bowel disease drug under development by Shire.
Gaming Realms signs deal for new casino brand in Scandinavian market
Mobile real money and social games developer, publisher and licensor Gaming Realms announced on Tuesday that its business-to-business software division Alchemy Bet has signed a gaming platform deal with River Game Operations, a subsidiary of River iGaming, the Norwegian-listed real money gaming company.
ClearStar secures two new contracts worth $1m combined
Background check technology and service provider ClearStar has secured two new customers, it announced on Tuesday, with the contracts having an expected combined value of more than $1m annually, beginning in 2019.
Bonmarche interim profit drops amid flat sales but FY guidance backed
Budget women's clothing retailer Bonmarche - which warned on profits back in September - posted a drop in interim profit on Tuesday amid flat sales.
KCOM issues profit warning, slashes dividend plans
Telecoms provider KCOM Group updated the market on its trading outlook for the 2019 and 2020 financial years on Tuesday, reporting that its performance for the current financial year ending 31 March 2019, on a pre-IFRS 15 basis, would be weaker than originally expected.
SIMEC Atlantis sells 25pc of Uskmouth Power to Equitix
Sustainable energy generation company SIMEC Atlantis Energy has signed heads of terms to sell a 25% shareholding in Uskmouth Power for £32. 9m cash, it announced on Tuesday, to infrastructure fund manager Equitix.
RhythmOne enters anti-fraud collaboration with Pixalate
RhythmOne on Tuesday formed a partnership with Pixalate to integrate the company's traffic-detection and filtration technology into its platform offering.
Chinese Year of the Pig fuels Entertainment One
Children’s favourite Peppa Pig helped Entertainment One push past challenges in other parts of the business, as profits were wiped out by hefty impairment charges.
Two new OEMs adopt Xaar 'Thin Film' technology
Digital inkjet printing and 3D technology group Xaar announced on Tuesday that two new original equipment manufacturers - Neos and KELENN Technology - had adopted the ‘Xaar 5601 Thin Film’ printhead.
Europa Oil raises £4m, plans to wrangle another £1m
Europa Oil & Gas has conditionally raised total gross proceeds of about £4m, it announced on Tuesday, by the placing of 133,333,338 new ordinary shares at an issue price of 3p each.
IMImobile swings to loss as acquisition costs offset underlying growth
Cloud solutions provider IMImobile swung to a loss in the first half of its trading year despite seeing revenues and underlying profits advance.
AO World narrows losses in 'tough' macro environment
Online electrical goods retailer AO World was under the cosh on Tuesday as it reported a narrowing of its losses in the first half but struck a cautious note on the UK major domestic appliances (MDA) market.
Harwood acquisitions to push EBITDA ahead of expectations
British financial planner Harwood Wealth Management expects to report strong revenue and EBITDA growth from its recently wrapped up trading year.
Solid State's profits improve as order book grows
Solid State, a manufacturer and specialist design-in distributor to the electronics industry, reported an increase in profits on Tuesday after sales grew and gross margins improved.
Jaywing losses widen as outflows offset sales momentum
Jaywing saw losses widen in the first half of its trading year as building sales momentum and the benefits of cost realignment and debt reduction were offset by an increase in outgoings.
Nakama Group swings to profit in 'promising start' for turnaround plan
Nakama Group leapt on Tuesday after the company swung to an interim profit following a cut in headcount to counteract struggling revenue.
Boston Scientific to buy BTG in GBP3.3bn deal
Shares in medical technology company BTG rocketed on Tuesday as it agreed to be bought by US-based Boston Scientific for £3. 3bn.