Company News
Tuesday preview: JP Morgan, Goldman Sachs and Burberry in focus
The market spotlight on Tuesday will shift towards the US, with a barrage of economic and corporate reports scheduled for release.
Citi's second quarter earnings beat analysts' forecasts
US banking group Citi reported second-quarter earnings ahead of analyst expectations on Monday, despite a fall in investment banking revenues.
Motif Bio submits meeting request to FDA over iclaprim situation
Clinical-stage biopharmaceutical company Motif Bio has submitted a meeting request and package to the US Food & Drug Administration (FDA) related to its lead product candidate ‘iclaprim’, it said on Monday.
Portmeirion buying US homewares firm Nambe in $12m deal
Homewares manufacturer and distributor Portmeirion Group announced the acquisition of US based premium homewares business Nambé on Monday, for a cash consideration of $12m.
Geographic diversity providing stability for Hydrogen Group
Specialist recruitment company Hydrogen Group updated the market on its trading for the six months ended 30 June on Monday, reporting that it had continued to trade in line with its expectations.
Spectra Systems signs on European lottery customer, renews with US operator
Banknote authentication and brand protection specialist Spectra Systems Corporation has been selected by an unnamed “major” European lottery to provide its ‘Premier64 Integrity’ internal control system (ICS), it announced on Monday.
Morgan Stanley sounds note of caution over tobacco in otherwise upbeat HPC review
Morgan Stanley has backed the household, personal care and cosmetics sector – but sounded a note of warning about tobacco companies.
Circor shares tumble as Crane says it won't extend offer deadline
Circor shares slumped on Monday after Crane Co said it would not extend its offer for the US flow control technology company if there is no "substantive engagement" this week.
Peugeot sees global car sales slide
PSA Group saw sales stall in the first half of the year, after demand faltered in China and the French company was forced to pull out of Iran.
Real Good Food promotes cake decoration boss to group CFO
Diversified food business Real Good Food has promoted the finance director of its cake decoration division, Maribeth Keeling, to the role of group chief financial officer with immediate effect.
LightwaveRF expects full-year revenues to double following strong Q3
Home automation company LightwaveRF saw revenues grow in the third quarter of its trading year after inking a new European distribution agreement with Tech Data.
Instem trades in line as SEND revenues more than double
IT solutions group Instem told investors on Monday that its full-year performance looked set to be in line with expectations after witnessing SEND (the Standard for the Exchange of Nonclinical Data) revenues more than double.
Gilead Sciences inks 10-year collaboration deal with Galapagos
Gilead Sciences will pay over $5. 0bn for the exclusive licence and options rights to Belgian-Dutch biotechnology outfit Galapagos's entire pipeline of potential drugs outside of Europe.
Ogden rate change dents insurers
London-listed insurers were under pressure on Monday after the Ministry of Justice said it was changing the Ogden discount rate used to calculate compensation for personal injuries to -0. 25% from -0. 75%.
Travis Perkins ramps up plans to spin off Wickes - report
Builders’ merchant Travis Perkins has reportedly accelerated plans to offload its struggling Wickes DIY chain.
Mobile Streams shares tumble as revenue drops 58%
Content distributor Mobile Streams saw its share price crash on Monday morning after the group warned investors of a massive drop in its annual revenues.
Mission Marketing profits set to continue growth streak
Communications and advertising group Mission Marketing expects to report first-half results in line with expectations after its streak of interim revenue and profit growth extended into an eighth year.
Amino Technologies acquires online video specialist 24i Media
Television technology provider Amino acquired online video specialist 24i Media on Monday for a total consideration of €21. 4m.
Micro Focus slumps as chairman dumps shares
Micro Focus slumped on Monday as it emerged that chairman Kevin Loosemore sold 650,000 shares in the business last week, pocketing £11. 6m.
Egdon Resources issues positive update from Biscathorpe-2
Egdon Resources issued what it called a “positive update” on Monday on the Biscathorpe-2 exploration well drilled at Petroleum Exploration and Development Licence PEDL253, located in Lincolnshire, where it held a 35. 8% interest.