Company News
Petrofac lands $1bn contract as Italian court upholds CEO fine
Petrofac's shares climbed on Wednesday after it was awarded a 42-month contract worth around $1bn for the Ain Tsila Development Project in Algeria.
Brookfield Asset Management to buy majority stake in Oaktree Capital
Canadian alternative investment group Brookfield Asset Management has agreed to buy a majority stake in Oaktree Capital Management.
BAT's Canadian arm gets CCAA protection
British American Tobacco's Canadian subsidiary, Imperial Tobacco Canada, has been given protection under the local Companies' Creditors Arrangement Act laws in order to avoid becoming liable for all damages under various Canadian tobacco litigation cases.
EVR Holdings signs four new music licensing agreements
Virtual reality music content producer EVR Holdings announced on Wednesday that its subsidiary MelodyVR has entered into a number of new music licensing agreements.
Walcom looks to sell Thailand operation as it scrambles for cash
Walcom announced it was in negotiations regarding the proposed disposal of its entire interest in its subsidiary Walcom Bio-Chem Thailand on Wednesday.
EKF Diagnostics shares slide as firm reports middling progress
Point-of-care business EKF Diagnostics Holdings reported a 2% improvement in its full-year revenue on Wednesday, to £42. 5m.
Advanced Medical Solutions shares manage gains on 2018 growth
Surgical and advanced wound care specialist company Advanced Medical Solutions Group reported a 6% rise in its revenues in its preliminary results on Wednesday, to £102. 6m, and by 7% at constant currency.
Empresaria shares rise on decent regional growth
Specialist staffing group Empresaria reported continued delivery on its growth strategy on Wednesday, with record adjusted profit before tax and a 52% increase in its dividend.
Modern Water buoyant after chemicals giant places order
Modern Water's shares jumped on Wednesday after it received a purchase order to supply a proprietary all-membrane brine concentration (AMBC) plant to one of the world's leading producers of crop protection products, speciality chemicals and other industrial chemicals.
Eagle Eye shares slip after first-half growth
Software-as-a-service marketing technology company Eagle Eye Solutions Group reported a 30% rise in revenue in its interim results on Wednesday, to £8m.
Marshall Motor shares rise as board expresses Brexit caution
Automotive retail group Marshall Motor Holdings reported a 1. 2% improvement in like-for-like revenue in its final results on Wednesday, to £2. 14bn.
Staffline's PeoplePlus division wins £35m worth of contracts
Recruitment and training group Staffline said on Wednesday that its PeoplePlus division has secured £35m worth of contracts in the latest round of the Education and Skills Funding Agency's European Social Fund competition.
Franchise Brands keen for more acquisitions after year of growth
Multi-brand franchisor Franchise Brands reported a 43% improvement in its revenue in its full-year results on Wednesday, to £35. 5m.
Gem Diamonds shares fall as board talks up transformation progress
Gem Diamonds shares were in the red on Wednesday afternoon, after the company reported an increase in revenue to $267. 3m from $214. 3m in its full-year results.
Safecharge revenues climb following European wins
SafeCharge International Group on Wednesday reported jumps in annual revenue and profit after the company won contracts with a number of major European businesses.
Everyman profit rises amid new site openings, admissions growth
Cinema chain Everyman Media posted a jump in full-year profit on Wednesday, with revenue up as the company opened more new sites.
Burford Capital unveils record profits; shares rally
Litigation funder Burford Capital – AIM’s biggest company – saw profits rocket by nearly a quarter last year following a “sea change” in the legal market.
Provident Financial swings to profit, reinstates dividend
Doorstep lender Provident Financial - which is currently fending off a hostile £1. 3bn bid from smaller rival Non-Standard Finance - said on Wednesday that it swung to a profit in 2018 as it restored its dividend.
Red Emperor, Pantheon, 88 Energy plunge on Alaska well woe
Shares in Red Emperor Resources, Pantheon Resources and 88 Energy all nosedived on Wednesday after testing of the Winx-1 well on the Western Blocks, North Slope of Alaska returned disappointing results.