Company News
Friday preview: European Parliament elections, Spectris
The focus at the end of the week on both sides of the Channel will be on the results of the elections to the European parliament, with investors keen for any hint of what the results might be, although the official tally will not be known until Sunday.
Smurfit slumps as Goldman said to place 3% stake
Smurfit Kappa slumped on Thursday on news that one of its shareholders was selling 7 million shares of the corrugated packaging company.
FTSE 100 movers: Pharmas shine; Morrisons goes ex-div
London's FTSE 100 was down 1. 4% at 7,234. 25 in afternoon trade on Thursday amid worries about escalating Sino-US trade relations and Brexit.
Intelligent Ultrasound makes good progress with clinical AI development
Artificial intelligence software and simulation company Intelligent Ultrasound Group told shareholders on Thursday that the development of its two real-time image analysis software solutions - ‘ScanNav’ and ‘AnatomyGuide’ - from its clinical AI division was continuing to progress “well”.
Hydrogen Group sees ongoing growth despite Brexit uncertainty
Specialist recruitment company Hydrogen Group reported ongoing growth in line with its expectations on Thursday, as investors gathered for its annual general meeting.
HSS Hire sees FY in line with market views as Q1 profit grows
Tool and equipment hire company HSS Hire posted growth in profit and revenue for the first quarter on Thursday as it said earnings for the year should be in line with market expectations.
Thomas Cook shares rise on Nordic division takeover reports
Shares in Thomas Cook surged into the green on Thursday afternoon, amid reports that one of Europe’s biggest takeover specialists was looking to bite off its Nordic operations.
EasyHotel pre-lets all office space at flagship Old Street site
Budget hotel operator easyHotel has pre-let all 15,500 square feet of self-contained office accommodation at its property on the 80 Old Street, London refurbishment project to a single tenant, it announced on Thursday.
Phoenix Global Mining raises £0.7m to fund feasibility study
North America-focussed base and precious metals exploration and development company Phoenix Global Mining has raised £0. 7m before expenses by way of a placing and subscription of 4,117,647 new ordinary shares at a price of 17p each, it announced on Thursday.
VR Education shoots for the moon with museum and Oculus deals
VR Education on Thursday signed a commercial agreement with the US Space and Rocket Center in Huntsville, Alabama, for use of the group's Apollo 11 VR experience, which has also been chosen by Facebook as part of the Oculus Anywhere Programme.
Trinity Exploration lays 'strong foundations' for growth in Trinidad and Tobago
Trinidad and Tobago-focussed exploration and production company Trinity Exploration told shareholders on Thursday that in the last year, it had successfully taken steps to ensure that “strong foundations” were in place for continued growth, as well as setting a path for “game-changing” long term development.
Metal Tiger pleased with progress at Kalahari Metals investment
Strategic natural resources investor Metal Tiger updated the market on the exploration activities of Kalahari Metals on Thursday, reporting that following the approval of the environmental management plan for its Ngami Copper Project by the Botswana Department of Environmental Affairs, gazetting of that plan had now been completed, allowing the start of diamond drilling at the project.
Mediclinic's revenues edge higher but regulatory issues hit Swiss business
Mediclinic International on Thursday reported a slight increase in annual revenue, though the business still returned a loss as regulatory changes impacted its Swiss Hirslanden business.
Coats revenues slip as FX headwinds weigh on growth
Industrial thread company Coats Group saw reported sales slip in the first four months of the year as a result of currency translation headwinds.
Gateley revenues break £100m barrier
Professional services firm Gateley witnessed some strong trading in the second half of its trading year, with both revenues and profits growing year-on-year.
Norish profits soar as group continues to make 'substantial' progress
Warehousing and logistics firm Norish continued to make "substantial progress" in the first four months of the year, with pre-tax profits moving ahead considerably on the group's 2018 figures.
Stilo warns investors of 'material drop' in revenues
Software and cloud services outfit Stilo warned investors on Thursday that it was set to report a "material drop" in revenue and a loss for the trading half ending 30 June 2019.
Thomas Cook subjected to downgrades from Fitch and S&P
Thomas Cook was subjected to downgrades from credit rating agencies Fitch and S&P on Thursday, with the agencies concerned that the travel operator will struggle with weak demand over the summer.
Young's FY profit rises but 2019 sees 'tough' start
Pub operator Young & Co's reported a rise in full-year profit and revenue on Thursday as it hiked its dividend but cautioned that it had had a tough start to the year after the "amazing" summer of 2018 and the boost from the World Cup.
Applied Graphene scoops Italian distribution deal
Applied Graphene Materials has signed a distribution agreement with Italian chemical distribution company CAME Srl.