Company News
Wednesday preview: St.Jame's Place, Weir Group in focus
A stream of corporate announcements will be in the spotlight on Wednesday, as the earnings season continues to ramp-up.
Quadrise leaps after partnering with Aleph for Kuwait expansion
Quadrise Fuels International's shares racked up solid gains on Tuesday after it entered into a services agreement with Aleph Commodities to pursue opportunities on behalf of Quadrise for the use of its MSAR emulsion technology in Kuwait.
Metro Bank drops on announcement of £350m share sale
Metro Bank's shares dived late on Tuesday after the challenger bank announced plans to raise £350m through a new share sale to fix the shortfall on its balance sheet.
Direct Line appoints Penny James as new CEO
Direct Line Insurance Group announced “delightedly” on Tuesday that it has appointed Penny James as the new CEO.
Shareholders approve China Medical Systems investment in Midatech
Midatech Pharma confirmed on Tuesday that, following shareholder approval of the strategic investment by China Medical Systems (CMS) and A&B Hong Kong, the licence agreement entered into between itself and CMS was now formally in force.
ViiV Healthcare to collaborate with Dutch university medical center
GlaxoSmithKline owned ViiV Healthcare announced on Tuesday a new five-year collaboration with Radboud university medical center in The Netherlands to identify new drug targets for HIV.
Tekmar Group signs £3m contract at existing wind farm
Subsea cable, umbilical and flexible pipe protection technology provider Tekmar Group announced on Tuesday that Tekmar Energy had signed a remedial contract worth around £3m for execution over the next six months.
Novacyt trading in line as it seeks fresh funding
Clinical diagnostics specialist Novacyt updated the market on its current position and funding plans on Tuesday, confirming that 2019 trading had started positively and was in line with 2019 management expectations.
Ormonde pleased with recent progress at Barruecopardo
Ormonde updated the market on the construction and commissioning of the Barruecopardo Tungsten Project in Salamanca, Spain on Tuesday, where it held a 30% interest, reporting that open pit mining of surface tungsten ore zones began in January.
Restore offloads ITP toner cartridge recycling business
Office services provider Restore has sold its toner cartridge recycling business ITP to Ink & Toner Recycling, it announced on Tuesday.
Augean puts dividend payments on hold until resolution of HMRC spat
Waste management business Augean saw profits soar in its last trading year as a result of a significant decline in exception items.
Starcom jumps after providing tracking technology for electric motorcycle
Starcom climbed on Tuesday after confirming that its Helios tracking and monitoring technology is incorporated in a newly launched electric motorcycle made by leading electric vehicle manufacturer, Zero Motorcycles.
Corero Network Security scores biggest DDPaaS contract to date
Corero Network Security on Tuesday announced three customer orders totalling $1. 6m, including its largest ever DDoS Protection as a Service (DDPaaS) order.
Dalata's revenues and profits jump after five hotel openings
Dalata Hotel Group on Tuesday reported that its full-year profits and revenues were boosted by improved portfolio performance and the opening of five new hotels.
Crest Nicholson appoints Duncan Cooper as group FD
FTSE 250 housebuilder Crest Nicholson has appointed Duncan Cooper as its new group finance director, replacing Robert Allen who left the business last October.
Pharma firms to testify in Congress over drug pricing
Top executives of pharmaceutical companies are set to testify in front of the Senate Finance Committee on Tuesday as part of an investigation into drug pricing in the US.
Ten Entertainment appoints Anthony Smith as CFO
AIM-listed tenpin bowling operator Ten Entertainment has appointed Antony Smith as chief financial officer.
Ocado and Marks & Spencer confirm JV talks
Ocado has confirmed that it is in talks with Marks & Spencer about a possible UK retail joint venture, reported to be worth between £1. 6bn and £1. 8bn.
Lighthouse stung by revenue drop and Brexit uncertainty
Lighthouse Group dropped on Tuesday after reporting a drop in revenue and concerns over "a measure of uncertainty" within the UK retail financial services market.
Cora Gold posts decent drilling results from Sanankoro
West Africa-focussed gold exploration company Cora Gold provided initial results from its recently-completed aircore (AC) and reverse circulation (RC) drill programme at the Sanankoro Gold Discovery in the Yanfolila Gold Belt, Southern Mali on Tuesday, where it said the focus had been outlining higher grade areas.