Company News
'People are starting to worry' about Labour government, RBS chair says
RBS chair Howard Davies told Bloomberg TV on Friday that “people are starting to worry” about the policies that a potential government led by Labour’s Jeremy Corbyn might pursue.
Ocado says fire at distribution center puts 400 jobs at risk
It will take Ocado two years to rebuild the distribution centre that was destroyed in a fire in February 2019, leaving roughly 400 jobs at risk.
Sports Direct in advanced talks to sell Shirebrook property
Mike Ashley's Sports Direct said on Friday that it is in advanced talks to sell a freehold property in Shirebrook for just over £12m in cash.
Immotion Group signs VR content deal with iP2Entertainment
Immersive virtual reality company Immotion Group announced the signing of a $0. 5m VR and immersive content creation contract with Amsterdam-based global family entertainment specialist iP2Entertainment on Friday.
SDX Energy lowers production guidance in first quarter update
North Africa-focused oil and gas company SDX Energy issued its financial and operating results for the three months ended 31 March on Friday, reporting first quarter production of 3,715 barrels of oil per day (boepd), which was an increase of 22% year-on-year.
HP Enterprise to buy supercomputer maker Cray in $1.3bn deal
Hewlett Packard Enterprise has agreed to buy supercomputer maker Cray in a deal valued at around $1. 3bn.
Hunters Property lifts first-half expectations, reassures over letting fee ban
Franchised sales and lettings agency business Hunters Property updated the market on its trading on Friday, reporting that so far this year it has opened seven new branches, compared to three in the same period last year.
Pan African Resources maintains guidance as it makes solid development progress
Pan African Resources updated the market on its trading for the nine months ended 31 March on Friday, reporting that its performance over the period reflected its efforts to maintain itself as a “safe, low-cost and long-life” gold producer.
Leeds Group issues second profit warning amid increased competition
Leeds Group warned on Friday that it now expects its performance in the year ended 31 May to fall "significantly below" last year, as its subsidiaries have faced increased competition.
Acacia's North Mara mine fined over alleged environmental breaches
Acacia Mining said on Friday that its North Mara mine has been issued with a fine for alleged historical breaches of environmental regulations in Tanzania.
Applied Graphene secures tenth manufacturing process patent
Applied Graphene Materials (AGM) on Friday received patent approval for its unique manufacturing process in a "strategic territory" which constitutes the tenth out of eleven territorial applications the company made in 2010.
Urban Logistics disposes of Bedfordshire site for £9.2m
Real estate investment trust Urban Logistics has sold a site located on Postley Road, Bedford, for £9. 2m, realising a total property return of 74% in the process.
Veltyco set for losses after shuttering lottery and financial trading units
Online marketing and operating company Veltyco warned on Friday that the first six months of its trading year would result in a loss following the termination of its lottery and financial trading marketing agreements.
Scholium carves out small profit in second half
Rare book retailer Scholium expects to post a small profit from its second trading half, putting it on track to break even for the year as a whole.
Lekoil chief financial officer Lisa Mitchell resigns
Exploration and development company Lekoil said on Friday that chief financial officer Lisa Mitchell has chosen to stand down from the group.
IntegraFin enjoys solid interims as profits and revenue climb
IntegraFin Holdings on Friday reported interim revenue and profit growth following an increase in funds under direction, as it declared a maiden interim dividend and expressed confidence that growth can be sustained in the second half of the year.
Osirium secures three-year cyber-security contract extension
Osirium Technologies has won a three-year contract extension for its PxM cyber security product offering with a "leading" global asset manager.
FFI Holdings on track to meet lower end of earnings guidance
Film insurance and services group FFI Holdings expects full-year earnings to be within its previous guidance, albeit at the lower end.
Verditek snaps up remaining share of solar subsidiary
Verditek on Friday took complete control of Greenflex Energy Limited, which had previously been its 51% owned subsidiary, and liquidated asset holding company Greenflex RSM.
Jersey Electric first-half profit falls
Jersey Electric's profit fell in the first half as energy sales declined at the energy company.