Company News
One Media IP buys music catalogue of US pianist Philip Wesley for $4m
Digital media content provider One Media IP said it had bought the music catalogue to date of American composer and pianist Philip Wesley for $4. 15m.
SIMEC Atlantis Energy losses widen as it pursues multiple developments
Sustainable energy developer, owner and operator SIMEC Atlantis Energy reported a consolidated group cash position of £5. 1m as at the end of its first half on Thursday, down from £9. 3m at the end of the 2018 financial year, and including £1. 8m held at MeyGen, falling from £2. 4m.
Diageo affirms sales targets, but warns not immune on global trade shifts
Drinks company Diageo warned it was not immune to changes in global trade policy but expected to meet net sales and operating profit growth targets.
Petards revenue falls as defence operations struggle
Security and surveillance systems developer Petards Group reported an 8% fall in its interim revenue to £8. 9m in its half-year report on Thursday.
Conroy Gold upbeat on review findings at Clontibret Gold Deposit
Ireland and Finland-focussed gold exploration and development company Conroy Gold and Natural Resources announced the results of an independent review of the structural controls on the Clontibret Gold Deposit in County Monaghan, Ireland, by consultant structural geologist Dr Francis Murphy on Thursday.
Turbulent leather market sees Pittards revenue fall in first half
Specialist advanced leather producer Pittards reported a 16% drop in interim revenue in its half-year report on Thursday, to £12. 1m.
Underlying operating profit takes a step backwards at FW Thorpe
Professional lighting systems supplier FW Thorpe announced its preliminary results for the year ended 30 June on Thursday, reporting a 0. 9% improvement in revenue to £110. 6m.
Online sales drive rise in Next interim profits
High Street fashion chain Next said interim profits rose 2. 7%, as strong online sales offset a fall in retail and the company maintained its outlook for the full year.
Saga profits drop as travel business hit by Brexit uncertainty
Over-50s specialist Saga posted a drop in interim profit on Thursday as Brexit-related uncertainty took its toll on the travel business, but the group backed its expectations for the year.
Spectris sells BTG unit to Voith for €319m
Instruments and controls company Spectris said it had sold its BTG unit to German paper supplier Voith for €319m (£283m) in cash as it moved to focus on high-growth end markets.
UK Commercial Property REIT continues to outperform benchmark
UK Commercial Property REIT reported a net asset value total return of 1. 9% in its half-year results on Thursday, down from 12. 2% a year earlier, with the boards saying the result was achieved with low relative net gearing of 16. 2% as its property portfolio continued to outperform the benchmark.
JD Sports faces further CMA probe over Footasylum acquisition
Footwear and sports apparel retailer JD Sports Fashion’s acquisition of Footasylum was facing a fresh regulatory hurdle on Thursday, as the Competition and Markets Authority confirmed that it intended to refer its review to a phase two investigation.
IG Group first-quarter revenues flat, still sees return to revenue growth in FY20
Online trading platform IG Group reported flat first-quarter revenues on Thursday, said it performed well and backed its expectations for a return to revenue growth in FY20.
Tate & Lyle agrees £930m pension de-risking deal with L&G
Sugar and sweeteners group Tate & Lyle said it had agreed a £930m pension scheme bulk annuity insurance buy-in with Legal & General.