Company News
Thursday preview: Brexit, Severn Trent, Tullow Oil
The market spotlight on Thursday will be on the headlines around the results of the Prime Minister's visit to Brussels and her talks with European Commission chief, Jean-Claude Juncker, regarding the UK's long-term partnership agreement with the bloc.
HSS Hire looks to beat earnings expectations after supply chain overhaul
Tool and equipment hire company HSS Hire said on Wednesday that its full-year earnings should be “marginally ahead” of market expectations after third-quarter revenue rose.
UK company structures allow money laundering, warns Danske whistleblower
Danske Bank whistleblower Howard Wilkinson has taken aim at British company structures for hiding the identity of those behind money laundering activities.
Marston's revenues flow to record levels in 'outstanding year'
Marston’s reported record annual sales on Wednesday, though profits dived due to a revaluation of the pub chain’s estate.
Breedon's revenues on the rise despite flat construction market
Breedon Group reported an increase in revenue for the year-to-date on Wednesday, despite pointing to the "challenges" of a flat construction market and rising input costs.
Ubisense soars after proposing £35m RTLS sale
Ubisense jumped on Wednesday after it proposed the £35m sale of its RTLS Smartspace business to a company controlled by Bahraini private equity firm Investcorp Bank.
Walgreens and Humana in talks - reports
Pharmacy giant Walgreens Boots Alliance and US health insurer Humana are in talks about a potential tie-up.
Plutus PowerGen gearing up to develop Rockpool site in Kent
Flexible energy generation developer Plutus PowerGen announced on Wednesday that its partner, Rockpool Investments, has purchased a 20MW gas-powered FlexGen site in Medway, Kent, with planning, connections, an option to lease and capacity mechanism from Reliance Energy.
Kore Potash identifies two new exploration targets
Potash development company Kore Potash provided exploration targets for potential extensions of its Kola and Dougou Extension sylvinite deposits on Wednesday, which had been identified as part of the work program to improve its understanding of both the potential scale and the strategic opportunities presented by the multiple occurrences of potash in the Sintoukola Project area.
Ethernity signs another American OEM deal
Network processing technology and products company Ethernity Networks has signed a contract to supply an unnamed tier 1 North American aviation and defence original equipment manufacturer (OEM) with its ‘ENET’ switch/router firmware and software, it announced on Wednesday.
Bet365 boss takes home record British pay cheque
The boss of online bookmaker Bet365 was paid a record-breaking £265m in 2017, making her the highest-paid chief executive of a British company.
Anglo Asian makes good progress with airborne survey at Gedabek
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining updated the market on the airborne geophysical survey underway at its 300 square kilometre Gedabek contract area on Wednesday.
IronRidge raises fresh £5.4m to progress projects in Africa
IronRidge Resources has raised around £5. 4m before expenses through a subscription for, and placing of, 27,022,000 new ordinary shares at a price of 20p each, it announced on Wednesday.
Metal Tiger upbeat on performance so far at Tshukudu
Strategic natural resource opportunities investor Metal Tiger updated the market on the exploration activities of its new joint venture, Tshukudu Exploration, in the Kalahari Copper Belt in Botswana on Wednesday.
Faroe confirms start of Brasse East exploration well
Independent oil and gas company Faroe Petroleum announced the start of the Faroe-operated Brasse East exploration well 31/7-3S in the Northern North Sea, where it has a 50% working interest, on Wednesday.
Italian PR firm SEC to gradually acquire CLAI
Italian advocacy, public relations and integrated communications agency SEC has agreed to acquire up to 100% of the issued equity of public and corporate affairs company CLAI from its shareholders it announced on Wednesday, in line with its stated acquisition strategy.
Biffa profits drop but FY expectations maintained
Waste management company Biffa reported a drop in first-half profit on Wednesday as it highlighted "external headwinds", but maintained its full-year expectations.
Walcom 'significantly restrained' by delinquent payments
Animal feed outfit Walcom told investors on Wednesday that it was yet to receive a RMB 4. 96m (£556,000) payment from its largest customer, leading it to commence legal proceedings against the buyer in order to recover the funds.
Finsbury Food on track for full year after contract wins
Speciality bakery manufacturer Finsbury Food said on Wednesday that its FY19 results should be in line with expectations thanks to a number of contract wins.
Sosandar's revenue growth offset by rising admin costs
Online retailer Sosandar turned in a bigger than expected loss from the first half of its trading year as rising revenues were offset by increased operating and administrative expenses.