Company News
Avon Rubber wins large US military contract
Avon Rubber announced on Tuesday that its Avon Protection division has been awarded a sole source contract to supply the US Department of Defense (DoD) with the ‘M53A1’ mask and powered air system, and related accessories.
Acquisitions help drive Premier Technical Services Group earnings higher
Specialist services provider Premier Technical Services Group reported a 31% improvement in group revenue in its final results on Tuesday, to £69. 1m.
XLMedia earnings fall as it switches focus to higher-margin publishing
Digital performance marketing services provider XLMedia reported a 14. 4% fall in revenue to $117. 9m in its final results on Tuesday, which the board said was impacted by “operational challenges” in the year.
Access Intelligence swings to profit as it expands via ResponseSource purchase
Communications and reputation management software-as-a-service supplier Access Intelligence reported a 10. 2% improvement in revenue in its final results on Tuesday, to £8. 89m, adding that excluding its ResponseSource acquisition, revenue increased 7. 5% to £8. 67m.
Debenhams jumps as Sports Direct mulls cash offer
Mike Ashley's Sports Direct said on Monday night that it was considering a possible cash offer for Debenhams in order to avert a refinancing process by the department store group that could wipe out its 30% stake.
ADES International buys last four rigs from under Weatherford deal
Oil and gas drilling and production services provider ADES International Holding has completed the acquisition transaction with Weatherford International and receipt of the final two onshore rigs in Algeria, it announced on Tuesday, with a further two rigs delivered outside of Southern Iraq for relocation to Saudi Arabia.
Albert Technologies shares dive as losses widen
Albert Technologies reported continued progress in deploying its artificial intelligence marketing platform ‘Albert’ in its final results on Tuesday, meeting its budget expectations as revenue increased almost threefold to $4. 6m, from $1. 7m year-on-year.
ValiRx shares surge as ValiSeek joint venture makes solid progress
Clinical stage biotechnology company ValiRx saw its shares surge on Tuesday morning, after it updated the market on its subsidiary joint venture ‘ValiSeek’, and its cancer therapeutic ‘VAL401’.
Moss Bros swings to annual loss in 'challenging' conditions
Shares in Moss Bros slumped on Tuesday after the menswear specialist scrapped its final dividend as it said it swung to a full-year loss in "challenging" conditions and struck a cautious note on the outlook.
Grafenia acquires Birmingham designers
Printing outfit Grafenia acquired Birmingham-based design agency Artichoke Design for an undisclosed amount on Tuesday.
Fevertree confident of overseas growth, as UK margins diluted
Drinks mixer maker Fevertree's profit margins were slimmer last year as a result of Britain's new sugar tax, but management said trading in early 2019 was in line with expectations.
JTC acquires Luxembourg's Exequtive Partners for up to EUR 34m
Fund management company JTC announced the acquisition of Luxembourg-based specialist provider of corporate and related fiduciary services Exequtive Partners (EP) on Tuesday.
PPHE Hotel Group shares fall as investors sell down holdings
Shares in PPHE Hotel Group were plunging on Tuesday morning, after the hospitality group revealed that Euro Plaza Holdings, Walford Investments Holdings and Aroundtown Real Estate were proposing to sell up to 9,300,000 shares in the company, pro rata to their existing shareholdings.
IP Group swings to losses as it integrates Touchstone
Intellectual property business developer and investor IP Group reported a fair value of its portfolio of £1. 13bn in its final results on Tuesday, up from £1. 1bn year-on-year.
Uber acquires rival Careem for $3.1bn in Middle East expansion
Uber has acquired rival Careem for $3. 1bn in its latest move to expand to the Middle East, it announced on Tuesday.
Crest Nicholson confident despite tough trading conditions
Crest Nicholson Holdings described its forward sales position as “encouraging” on Tuesday, as a result of stable pricing in its key markets and a sales rate consistent with its previous guidance, as its shareholders gathered for the company’s annual general meeting.
Galliford Try CEO heads for Crest Nicholson
Construction group Galliford Try said on Tuesday that Peter Truscott has stepped down as chief executive with immediate effect, as he takes up the same role at Crest Nicholson.
ConvaTec surges as Sweden's EQT said to mull bid
Shares in Convatec surged on Tuesday following a report that a number of parties were interested in buying out the London-listed medical equipment maker.
Coral Products warns on profits after automotive slowdown
Plastics manufacturer Coral Products warned investors on Tuesday that its full-year results were set to be "materially below" expectations setbacks in the auto and retail industries.
United Utilities expecting higher underlying operating profit ahead of year-end
United Utilities said current trading is in line with its expectations for the year ending 31 March on Tuesday, as it updated the market ahead of its full-year results, due on 23 May.