Company News
US hedge fund Tiger Global finishes unwinding stake in Barclays
Tiger Global finished unwinding its entire stake in Barclays at the start of 2019.
Tuesday preview: Employment report, banks in focus
The focus on Tuesday will be on the December employment report, given the critical role the still very strong jobs market in Britain - helped by low rates from the Bank of England - is playing in helping to keep the economy more or less 'humming along' - despite the facewinds from Brexit and from further afield.
Transense sells 50 'iTrack II' units to mining client
Sensor systems provider Transense Technologies announced on Monday that an unnamed client has placed an order for 50 iTrack II units.
Zinc Media wins another factual commission with new client
Zinc Media announced on Monday that its specialist factual unit, Blakeway Productions, has been commissioned to make a four 60-minute part, blue chip natural history series for Blue Ant Media's ‘Love Nature 4K’ platform, in association with the European culture channel ‘Arte’.
Avingtrans wins new contract with Swedish power firm Vattenfall
Energy and medical equipment and services provider Avingtrans announced on Monday that its subsidiary, Hayward Tyler, has secured a contract worth more than £10m from power company Vattenfall in Sweden.
Croma Security Solutions Group maintains momentum in first half
Croma Security Solutions Group updated the market on its half-year ended 31 December on Monday, reporting a successful trading period in which it generated revenues and profits ahead of its internal expectations.
Richard Duffy appointed chief executive of Petra Diamonds
Petra Diamonds announced the appointment of Richard Duffy as its new chief executive on Monday, while announcing smaller net losses but growing debt in the first half.
Itaconix expecting a loss following restructuring efforts
Specialty polymer developer Itaconix expects to record a loss following the restructuring of its UK operations during the last trading year.
Reckitt Benckiser cleans up in fourth quarter
Reckitt Benckiser mopped up the final quarter of last year in fine style and the maker of consumer brands ranging from Dettol to Strepsils said it expects that momentum to continue into 2019.
Crossword Cybersecurity signs deal with sweets maker Kinnerton
Technology commercialisation company Crossword Cybersecurity has signed an agreement with Kinnerton Confectionery, it announced on Monday, for the use of its secure third-party assurance platform, ‘Rizikon Assurance’.
Angling Direct revenues leap higher
Fishing tackle and equipment retailer Angling Direct saw revenues soar in its last trading year, driven by an increase in both in-store and online sales.
Alien Metals to focus on two promising projects
Mining exploration and development company Alien Metals updated the market on its 12 wholly-owned silver concessions in Zacatecas State, Mexico on Monday, and gave details of its planned 2019 exploration programme.
Andalas says acquisition at Bunga Mas likely to fall through
Andalas Energy and Power updated the market on its proposed acquisition of an interest in the Bunga Mas production sharing contract (PSC) on Monday, which it had initially announced on 29 August last year.
Sound Energy further updates findings at TE-10 discovery
Morocco-focussed upstream gas company Sound Energy updated the market on its operations in Eastern Morocco on Monday, having previously reported a discovery and a planned stimulated well test at TE-10 - the second well in its current three-well exploration programme in the onshore Greater Tendrara area.
Motif Bio reaches deal to reduce repayment burden
Clinical-stage biopharmaceutical company Motif Bio announced on Monday that its wholly-owned subsidiary Motif BioSciences has entered into an amendment agreement with its lender Hercules Capital in relation to the loan agreement it initially announced on 15 November.
Michelmersh buys Belgian brickmaker Floren
Specialist brick manufacturer Michelmersh has acquired the entire issued share capital of Floren & Cie, an established clay brick manufacturing business - for a maximum consideration of €9. 9m, it announced on Monday.
88 Energy begins drilling at Winx-1 exploration well in Alaska
88 Energy kicked off drilling at its Winx-1 exploration well on the North Slope of Alaska on Friday.
Xpediator reports 'significant increases' in sales and profits
Freight management service Xpediator recorded "significant increases" in sales and profits for the twelve months ended 31 December.
JD Sports dips toe into Footasylum with 8.3% stake
JD Sports has bought an 8. 3% stake in fellow sports shop chain Footasylum and said it was looking to buy more.
Plexus margins squeezed by increased investment
Oil and gas engineering services business Plexus will fall short of earnings expectations in its current trading year as a result of an increased investment into its POS-Grip wellhead sealing technology.