Company News
Pendragon swings to full-year loss amid 'subdued' new car sales
Car dealership Pendragon said on Tuesday that it swung to a full-year loss as revenues declined amid 'subdued' new car sales.
Crystal Amber calls for removal of Northgate chairman
Activist investor Crystal Amber has called a shareholder meeting to remove Northgate chairman Andrew Page, blaming the vehicle rental company's multiple profit warnings and declining shareholder returns.
LiDCO climbs after winning Latin American distribution deal
LiDCO's shares climbed on Tuesday after the company signed a master distribution agreement for LiDCO products with Brazil-based Elysian Fields Medical covering a number of territories across Latin America.
Forbidden Technologies dives as expansion costs heighten losses
Forbidden Technologies' shares dived on Tuesday after the company reported that a jump in revenue failed to have an impact on annual losses, which deepened amid rising operating costs.
Arena Events names Chris Morris as UK and European head
Arena Events has appointed Chris Morris as its new chief executive of UK and European operations.
Amino Technologies inks supply contract with US telco
Media and entertainment technology firm Amino has won a contract to supply its OS software to US telecommunications provider Waverly Utilities.
WPP adds Microsoft CEO to board
Advertising firm WPP has added Microsoft's UK chief executive Cindy Rose to its board in order to help it deal with the challenges of an ever-changing sector.
Ocean Outdoor expands into the Netherlands with two acquisitions
Ocean Outdoor has acquired Interbest and Ngage Media - two leading digital out-of-home (DOOH) companies operating across the Netherlands - for a combined cash consideration of around €51m, it announced on Tuesday.
Oxford Biomedica enters research collaboration with Microsoft
Gene and cell therapy company Oxford Biomedica has entered into a research and development collaboration with Microsoft Research, it announced on Tuesday, to improve the yield and quality of next-generation gene therapy vectors using the cloud and machine learning.
French Connection returns to profit, talks with potential buyers ongoing
French Connection said on Tuesday that it swung to a small full-year profit but total revenue barely grew as trading in the UK was tough.
Cairn Energy shares suffer as net losses top $1bn
Cairn Energy shares were in the red on Tuesday morning, after it reported combined net production for 2018 as averaging around 17,500 barrels of oil equivalent per day.
Quilter shares rise as it swings to IFRS profit
Quilter reported an 11% improvement in its adjusted profit for the year on Tuesday, with adjusted diluted earnings per share ahead 15% as well, as it recommended a final dividend of 3. 3p per share.
Close Brothers finds it 'difficult' in first half
Merchant banking outfit Close Brothers saw profits slide in the first half of its trading year, partly due to market conditions it called "difficult" for its asset management and brokerage unit.
Syncona focuses short-term cash on more conservative investments
Healthcare firm Syncona plans to focus its investment strategy more towards conservative investments like cash and bonds moving forward.
888 profits pop after pivot overseas, casino platform launch
Online gaming group 888 Holdings on Tuesday reported a strong improvement in annual profits despite UK regulatory pressures hitting revenue, and said "positive momentum" had continued into 2019.
Equiniti shares plunge as results disappoint
Services and payments specialist Equiniti Group reported a 30. 7% jump in revenue in its full-year results on Tuesday, to £530. 9m, while its underlying EBITDA rose 24. 5% to £122. 3m - although analysts were pointing out that it wasn't quite the rosiest picture compared to their expectations, as the firm's shares plunged.
Primary Health acquires €10.9m Dublin healthcare centre
Primary Health Properties on Tuesday increased its Irish estate after acquiring Meath Primary Healthcare Centre in Dublin for €10. 9m.
G4S posts flat profit, eyes Cash separation in second half
G4S reported flat underlying profits for 2018, a positive outlook for 2019 and said it has already received offers to acquire its Cash Solution business as it reviews options around a potential separation in the second half of the year.
Sirius Minerals receives major new loan proposal
Sirius Minerals says has received a conditional proposal from a major global financial institution in respect of the £3. 5bn "stage 2" financing that would potentially fund its Yorkshire polyhalite mine through to production.
Wood Group wins biofuels facility construction contract
Wood Group has secured a multi million dollar construction contract from IR1 Group, it announced on Tuesday, which is building the Red Rock Biofuels facility in Lakeview, Oregon.