Company News
Woodford Card Factory stake exceeds 10%
Neil Woodford has taken his stake in Card Factory to more than 10% as the struggling star investor bets on a revival of fortunes at the retailer.
Tuesday preview: US-China trade, Vodafone in focus
The spotlight on Tuesday is likely to continue to be on the ongoing US-China trade talks, especially following Monday night's announcement of Washington's plans to extend its tariffs to cover all Chinese exports.
Honda confirms Swindon plant closure; 3,500 jobs at risk
Honda has confirmed that it will close its factory in Swindon in 2021, putting around 3,500 jobs at risk.
Braemar strikes deal with Norway's Aqualis
Braemar Shipping Services is shaking up its technical division in a deal worth more than £6m with Norway's Aqualis.
MyCelx swings to profit as Saudi contracts spur revenue growth
MyCelx Technology swung to an annual profit with revenue almost doubling on the back of contract wins in Saudi Arabia, Canada and Australia.
ClearStar swings to profit amid record revenues
ClearStar said on Monday that it swung to a full-year profit as revenue hit a record level.
Angling Direct's expansion helps net higher revenues
Angling Direct on Monday reported annual revenue growth, though the business swung to a loss after administrative expenses and cost of sales mounted up.
Quadrise Fuels gushes higher after signing Chinese agreement
Quadrise Fuels (QFI) shot up on Monday after entering into a memorandum of understanding with API POLY-GCL Alliance Limited work together on an exclusive basis to pursue commercial opportunities involving the production and supply of MSAR fuel in China.
Metro Bank says equity raising is well advanced
Metro Bank said its plans to raise £350m of equity capital were well advanced after the bank was forced to reassure customers their money was safe.
Goldman Sachs slashes price target for Man Group
Goldman Sachs has downgraded its rating on Man Group and cut 2019 earnings forecasts, over concerns about the strength of the market and the firm's portfolio.
CyanConnode slashes loss after revenue surge
CyanConnode Holdings dropped on Monday despite improved revenues and a reduction in losses, as the company warned that it remains vulnerable as regards its funding requirements.
Ascent Resources revenue more than doubles
Ascent Resources more than doubled annual revenue and reduced its loss as the oil and gas company increased production.
European Commission fines AB InBev €200m
Anheuser-Busch InBev, the world’s largest brewer, has been fined €200m for breaching European Union antitrust rules.
Paddy Power Betfair secures £250m loan facility
Paddy Power Betfair has agreed an additional £250m loan facility, the bookmaker announced on Monday.
Dignity hit by drop in deaths, warns over full-year profit
Funeral services provider Dignity posted a drop in first-quarter profit and revenue on Monday following a drop in the number of deaths, as it warned over its full-year profit.
Vodafone shares struggle on prospect of dividend cut
Vodafone’s shares fell in morning trading on Monday, as speculation mounted that the mobile phone giant was gearing up to cut its dividend, currently one of the highest in the FTSE 100.
United Utilities appoints chairman designate as McAdam plans to step down
United Utilities said on Monday that David Higgins will take on the role of chairman designate at the end of the year as Dr John McAdam steps down.
TBC Bank's first quarter profit jumps on loan book strength
TBC Bank on Monday recorded a jump in first quarter profits on the back of loan book growth and increases to fee & commission and interest income.
Goals Soccer Centres CEO Andy Anson resigns
AIM-listed 5-a-side football venue operator Goals Soccer Centres said on Monday that chief executive officer Andy Anson has resigned to take on the same role at the British Olympic Association.
CentralNic confident in full-year expectations after revenues soar
CentralNic climbed on Monday after full-year revenues from core activities doubled following a "transformational" acquisition and the company expressed confidence in meeting expectations for 2019.