Company News
Thursday preview: US data, Premier Oil in the spotlight
The spotlight on Thursday will be on a trio of high-frequency economic indicators in the States, including weekly jobless claims, housing starts and the Philly Fed's regional manufacturing gauge.
Secure Trust Bank hails 'strong' start to year
Secure Trust Bank said on Wednesday that it was confident about meeting its full-year targets following a "strong" start to the year.
Oncimmune distributor gets approval for 'EarlyCDT-Lung' in Israel
Immunodiagnostics company Oncimmune Holdings announced on Wednesday that its distributor for Israel, Best Medical Opinion, has received regulatory approval for the sale of the ‘EarlyCDT-Lung’ product in Israel.
Cabot Energy confident despite revenue and production falls
Oil and gas company Cabot Energy updated the market on its financial position, operations and trading for the quarter ended 31 March on Wednesday, reporting a fall in revenue to $2m from $3. 4m year-on-year.
Clinigen to take back US rights to cancer drugs
Aim’s Clinigen Group is taking back control of two oncology drugs from US partner Cumberland Pharmaceuticals.
Mercia's Locate Bio receives another £2m of investment
Technology investment company Mercia Technologies announced on Wednesday that its life sciences direct investment Locate Bio has received an additional £2m of investment.
Armadale Capital makes good progress on Mahenge Liandu study
Natural resources investment company Armadale Capital updated the market on progress on the definitive feasibility study for the Mahenge Liandu Graphite Project on Wednesday, reporting that it was on track to complete in the fourth quarter in 2019.
Serabi Gold sees EBITDA surge in first quarter
Brazil-focussed gold mining and development company Serabi Gold reported a 47% improvement in its EBITDA for its first quarter on Wednesday, to $4. 3m.
Toople sees revenue surge as it shakes off legacy wholesale takings
Business telecoms provider Toople reported a 57% improvement in its first half group revenue on Wednesday, to £1. 08m, with revenue growth of 169% said to be attributable to its directly-contracted SME business.
BoE questioned wisdom of criminal charge against Barclays
The Bank of England warned prosecutors that criminal charges against Barclays could destabilise the bank, the Financial Times reported.
Indivior surges as directors buy up shares
Indivior shares got a boost on Wednesday as the drug developer revealed that some of its directors had been buying up the stock.
PureCircle raises £26m as it looks to accelerate growth
PureCircle has raised more than £26m through a share placing, as it looks to expand its product portfolio and ramp up growth.
Velocys narrows loss after cutting back costs
Velocys on Wednesday cuts its annual losses by slashing its administrative expenses, in part as staff numbers were reduced following the disposal of its UK R&D facility in June 2017.
William Hill revenues boosted by improved retail and online performances
British betting company William Hill saw net revenues grow in the first four months of 2019, driven by an improved showing from both its retail and online units.
Marshalls' Edenhall acquisition hauls revenues higher
Marshalls on Wednesday expressed confidence in its full-year performance as it reported a leap in revenue since the beginning of January, with the December acquisition of Edenhall helping to drive growth.
Vesuvius sees slowdown carry over into first quarter
Engineered ceramics company Vesuvius saw the slowdown in growth recorded at the tail end of 2018 extend into the first quarter of 2019.
TI Fluid Systems' revenues slip as North American operations falter
British manufacturer TI Fluid Systems saw group revenues fall back in the first quarter of its trading year, mainly due to the underperformance of its North American operations.
Elektron sales growth driven by Bulgin and Checkit subsidiaries
Global technology firm Elektron saw sales move ahead in the first quarter of its trading year, boosted by strong sales growth over at its Checkit and Bulgin units.
Walmart 'seriously considering' Asda IPO
Supermarket chain Asda could be floated, staff were told on Wednesday, after the competition authorities derailed its proposed tie-up with rival J Sainsbury.
Yu Group bounds higher after weathering accounting error storm
Yu Group's shares stormed higher on Wednesday after the company reported strong full-year revenue growth and a smaller than expected loss following an accounting review into previously disclosed financial issues.