Company News
NewRiver upbeat on first half despite industry-wide struggles
NewRiver REIT reported “robust” cash returns in its half-year results on Wednesday, even as funds from operations decreased to £25. 3m from £26. 5m year-on-year.
TalkTalk on track as it expands fibre proposition
TalkTalk Telecom Group updated the market on its trading for the six months ended 30 September on Wednesday, reporting continued growth in its broadband base and headline revenue, while reiterating its full-year expectations.
TalkTalk launches new fibre-optic network subsidiary
TalkTalk announced an acceleration of its full fibre strategy on Wednesday, with the launch of a company to build a new broadband network across Britain.
Cambria Automobiles revenues hit the skids as Brexit uncertainties remain
Cambria Automobiles has seen profits and revenues decline amid a major overhaul of operations and ongoing uncertainties around the UK's exit from the EU.
City watchdog launches probe into Patisserie Valerie auditor
Grant Thornton is being investigated by the Financial Reporting Council over its role in the near collapse of café business Patisserie Holdings.
Rambler's loss still expands as production at highest level since 2015
Rambler Metals & Mining reported on Wednesday that it its third quarter loss expanded even as production reached its highest level since the fourth quarter of 2015.
Alpha Financial Markets' earnings boosted by improved revenues and cash conversion
Wealth management consultancy Alpha Financial Markets saw earnings get a boost from improved revenues and a significantly improved cash conversion throughout the first half of its trading year.
Stride Gaming steps towards breakeven after mass market push
Stride Gaming narrowed its losses through rising revenue, though regulatory pressures and increased taxes prevented the online gambling outfit from making more significant gains.
Morgan Advanced sells off lossmaking unit
Morgan Advanced Materials has sold its Composite and Defence Systems for £2m cash and £1. 5m in January, with the company keeping economic benefit of certain assets and certain liabilities.
Syncona grew net asset value 31% in first half
Life sciences investment fund Syncona saw net asset value increase in first six months of the year, as it confirmed it was on track to meet full-year investment guidance.
Maintel shares tumble as delayed revenues drag EBITDA
Maintel shares tumbled in early trading on Wednesday after the cloud services provider warned investors of lower revenues and earnings in its second half.
HICL ups NAV but warns political uncertainty is key risk
Investment fund HICL Infrastructure hailed a ‘strong’ first half on Tuesday but warned that political uncertainty in the UK remained a significant risk.
Kingfisher to exit Russia, Spain, Portugal as Q3 sales fall
European home improvement retailer Kingfisher on Wednesday said it was exiting Russia, Spain and Portugal to focus on markets where it could take a leading position as third quarter like-for-like sales fell 1. 3%.
Edinburgh Investment Trust interim NAV up 6.5%
Edinburgh Investment Trust said its interim net asset value total return rose 8. 7%, ahead of its FTSE All-Share benchmark index which came in at 8. 3%.
Indivior fights to prevent loss of 80% of Suboxone market share
A day after a US appeals court judge lifted restrictions on a copycat version of its biggest-selling drug, Indivior said it could lose up to 80% of its market share for the anti-opioid addiction treatment.
ScS hails good performance from core business
Home furnishings retailer ScS hailed a good performance from its core business on Wednesday ahead of its annual general meeting.
SSP profit jumps, CEO Kate Swann heads for the exit
SSP posted a rise in full-year profits on Wednesday thanks in part to new contracts, as it announced that Kate Swann will be stepping down from her role as chief executive officer after more than five years at the company.
Johnson Matthey first-half profit rises, on track for full year
Johnson Matthey reported a rise in first-half profit on Wednesday as it said its full-year operating performance would be towards the upper end of its guidance.
Augean expects profits to be 'materially ahead' of forecasts
Specialist waste management outfit Augean expects profits to come in "materially ahead" of market expectations as a result of stronger trading across the group in the second half.
Paragon profits push higher as diversification pays off
Full-year profits at Paragon Banking Group rose as the bank's efforts to diversify began to bear fruit.