Company News
LMS Capital books loss as NAV stumbles
LMS Capital on Friday reported that it swung to an annual loss after its net asset value declined with the company now pondering its investment options.
GVC chairman said to be leaving just days after £6m stake sale
Ladbrokes owner GVC Holdings was said on Friday to be preparing for the departure of chairman Lee Feldman, just days after he sold off a £6m stake in the company.
FireAngel Safety Tech inks smoke detector deal in Scotland
Home safety products supplier FireAngel Safety Technology Group announced on Friday that it is to supply smoke and heat alarms to a further housing association in Scotland.
Rockfire Resources leaps on 'extremely high-grade' copper discovery
Rockfire Resources' shares shot higher on Friday after the miner said it discovered high-grade copper in samples at its project in Central Queensland, Australia.
Sainsbury's and Asda offer to sell up to 150 stores
Sainsbury and Asda have to offered to sell between 125 and 150 supermarkets, plus a number of convenience stores and petrol stations, to another grocery rival or a new entrant in a bid to persuade authorities to allow their merger.
i3 Energy contracts Gardline for drilling programme site survey
Independent oil and gas company i3 Energy has contracted Gardline to conduct a site survey for its 2019 and 2020 drilling programme, plus the pipeline route for its Liberator Phase I development, it announced on Friday.
Starcom eyes major container tracking deal following 'positive feedback'
Starcom has received an expanded order from a customer for up to 30,000 of its Tetis shipping container tracking units over a three-year period.
Thomas Cook closes 21 stores to focus online
Thomas Cook on Friday announced plans to close 21 stores and make 320 retail staff redundant as it refocuses on its online presence.
Debenhams shocks with £200m loan plan, Sports Direct has other ideas
Debenhams shares collapsed 64% to 1p on Friday as the department store group announced plans for a new fundraising, bringing a swift response from its largest shareholder, Sports Direct.
Maistro losses mount amid cost crescendo
Losses at Maistro expanded last year as a sharp increase in costs negated a 154% increase in revenues for the online business services marketplace.
Robinson rallies as profits rise, outlook upbeat
Rigid plastic and paperboard packaging company Robinson reported an 8. 7% jump in 2018 pre-tax profit on Friday, thanks in part to tighter control of operating costs, as it struck an upbeat note on the outlook for this year.
Costain to deliver 'major improvements' to A19 road
Infrastructure solutions company Costain has been appointed to deliver “major improvements” on the A19 road for Highways England, it announced on Friday, as part of the government-owned company’s ‘Regional Investment Programme’.
Oxford Instruments to kit out new high-tech Beijing laboratory
Industry and research technology supplier Oxford Instruments has won a global tender to supply cryogenic equipment to the Institute of Physics-Chinese Academy of Sciences (IOIP-CAS) - a research institute in the fundamental study of condensed matter physics.
Reabold Resources moves closer to earn-in at Monroe Swell
Reabold Resources announced on Friday that Integrity Management Solutions (IMS) has started drilling operations at the Burnett 2B well within the Monroe Swell field, onshore California, in which the company expected to earn a 50% equity interest.
Symphony International backs partial management buyout of Vietnam freight firm
Symphony International Holdings announced on Friday that it has, through a wholly-owned subsidiary, entered into a structured transaction to provide funds to Su Misura - a company owned by the management of Vietnam-based Indo Trans Logistics Corporation.
Solo Oil talks up new acquisitive growth strategy
Solo Oil updated the market on its strategy on Friday, reporting that under the stewardship of its recently appointed and experienced board, it was seeking to assemble a “balanced, full lifecycle” portfolio comprised of production, development and exploration assets that provided a sustainable path for growth.
Dev Clever releases consumer incentive platform for Oracle EPOS
Consumer engagement and ‘gamification’ product developer Dev Clever announced on Friday that its new integrated electronic point-of-sale (EPOS) application for the ‘Engage’ platform was now available for release.
Toople sees record new customer numbers as it focuses on SMEs
Business telecoms provider Toople reported “tremendous progress” in recent months, it said on Friday, with shareholders being told that recent strong growth proved its strategy was working.
Royal Mail appoints BA veteran Keith Williams as chairman
Royal Mail said on Friday that it has appointed current deputy chairman and British Airways veteran Keith Williams as its new chairman with effect from 22 May.
Henry Boot revenue and earnings fall as it gears up for Brexit
Property investment, development and construction company Henry Boot reported revenue of £397. 1m in its final results on Friday, which was down from £408. 5m year-on-year.