Company News
BP starts production from Shetland's Clair Ridge project
BP is launching its first oil production from the offshore Clair Ridge project in the West of Shetland, more than 40 years after oil was first discovered in the area.
Peer-to-peer borrowing rises to 29% of UK SME lending
The UK’s booming alternative finance market burgeoned to over £6bn last year, research published Friday showed, as peer-to-peer lending continued to flourish.
Friday preview: Euro area PMIs in focus
The spotlight at the end of the week will be on a preliminary reading on euro area factory and services sector conditions during the month of November.
CyanConnode signs deals in UAE and Bahrain
Narrowband radio frequency mesh network company CyanConnode has signed a distribution agreement with DS Technology, it announced on Thursday, as a systems integration and distribution partner for the United Arab Emirates and Bahrain.
Directa Plus on track to achieve market expectations
Graphene-based products producer and supplier Directa Plus updated the market on its current financial year ending 31 December on Thursday, reporting that it had made “good progress” during the second half of the year.
President Energy makes progress in Rio Negro
Upstream oil and gas company President Energy updated the market on its drilling programme at the Puesto Flores/Estancia Vieja Concession, in Río Negro Province, Argentina on Thursday, where President was the operator with a 90% holdings, and provincial energy company EDHIPSA held 10%.
PCI-PAL reaches settlement with former CEO
Customer engagement specialist PCI-PAL has signed a settlement agreement with its former chief executive officer William Catchpole, it announced on Thursday.
OptiBiotix signs distribution agreement for Greece and Cyprus
Life sciences business OptiBiotix Health has entered into a three-year distribution agreement with an unnamed company to exclusively distribute and commercialise its own-label ‘CholBiome’ products containing its cholesterol and blood pressure reducing ‘LPLDL’ strain in Greece and Cyprus.
Wynnstay sees full year profit and EPS ahead of market expectations
Agricultural supplies group Wynnstay said on Thursday that it now expects pre-tax profit and earnings per share for the year to the end of October to be ahead of current market expectations.
Veltyco warns of ongoing cashflow difficulties
Online gaming marketing and operating company Veltyco Group updated the market on its receivable position and operations on Thursday, reporting that as at 20 November, its trade receivable balance amounted to €10. 6m, of which €9. 1m related to its online financial trading marketing activities.
Nationwide profits fall as it pours more cash back into society
Nationwide reported “strong trading” in its interim results on Thursday, and announced its intention to launch a current account for small businesses.
Aortech's loss widens amid transformation to medical device developer
Aortech International reported that its loss widened as the company transitions into the medical device development market.
Profits dip at Mitie amid 'competitive and challenging' conditions
Profits at Mitie nudged lower in the first half, as the outsourcing specialist continued its overhaul of the businesses.
TR Property NAV grows amid tougher macroeconomic climate
TR Property Investment Trust released its half-year numbers on Thursday, reporting a 5. 4% improvement in its net asset value per share to 417. 06p, as well as a 5. 4% rise in shareholders’ funds to £1. 32bn.
First Property Group's results dip as Warsaw lease expires
First Property Group’s interim revenue and profit both dropped after the expiration of a lease on a major property in Warsaw, Poland, according to unaudited results released on Thursday.
Centrica warns of lower earnings after further outages
Centrica warned that full year earnings would be dented after weaker energy production volumes and the loss of 372,000 home energy supply accounts in the third quarter, though the British Gas owner still expects to hit its full year targets.
FCA cracks down on weekly payment retailers
The Financial Conduct Authority has unveiled plans it claims will help the most financially vulnerable consumers, by capping prices in the rent-to-own or weekly payment retail sector.
Rotork slides as orders dip due to 'timings, deliveries'
Rotork, the liquid flow-control engineering specialist, reported a 4% drop in third-quarter order intake but said expectations for the full year were unchanged.
Hornby losses narrow as it slams brakes on discounting
Model train set maker Hornby announced an end to its aggressive discounting on Thursday and the introduction of a profit share scheme for employees as it said losses narrowed in the first half of the year.
Ebiquity dives after profit warning
Marketing group Ebiquity dropped sharply on Thursday after warning investors that its annual operating profit will come in “materially below” current market expectations.