Company News
Gama Aviation narrows losses as revenues soar
Aviation services provider Gama Aviation saw revenues soar during the first six months of the year, helping it to narrow pre-tax losses for the period.
Crossword Cybersecurity shares fall as losses widen
Shares in Crossword Cybersecurity fell on Monday as it reported a deepened interim loss, with higher costs more than outweighing revenue growth.
MTI Wireless Edge receives antenna order worth $1m
Communications and radio frequency solutions provider MTI Wireless Edge announced on Monday that its antenna division has received an order valued at around $1m (£0. 8m).
Urban Logistics acquires Connect Group portfolio of depots
Specialist industrial and logistics investor Urban Logistics REIT announced on Monday that it has exchanged contracts to acquire a portfolio of six parcel distribution depots from Connect Group for a total consideration of £9. 9m before purchaser costs, at a 7. 04% net initial yield.
Osirium Technologies expands relationship with public sector IT provider
Cloud-based cybersecurity technology vendor Osirium Technologies announced a “significant” contract win with an unnamed “major” UK provider of software and IT services to the public sector on Monday.
Power Metal uncovers 'large scale' nickel sulphide targets
Exploration firm Power Metal Resources has uncovered "large scale" nickel sulphide targets across its Tanzanian and Botswana assets.
Seeing Machines sees revenues drive ahead
Australia’s Seeing Machines has forecast further growth in 2020 after full-year revenues jumped.
First Quantum Minerals denies takeover talks
First Quantum Minerals said on Monday that it is not engaged in discussions regarding a takeover bid but is in talks about a potential sale of a minority interest in its Zambian copper assets.
Mallinckrodt cheers investors with positive trial results
Shares in Mallinckrodt Pharmaceuticals jumped on Monday after the drug company reported positive results for a key Phase 3 clinical trial.
Whitbread buys three hotels in Germany
Premier Inn owner Whitbread said on Monday that it has bought three hotels in Germany for an undisclosed sum.
Keystone Law profits jump on strong recruitment
Keystone Law Group on Monday reported double-digit profit and revenue growth after a period of strong recruitment.
Pressure grows on WeWork founder to step aside - reports
Investors in WeWork are agitating for founder Adam Neumann to step down as chief executive, according to reports.
Tuesday preview: Ifo in focus after weak manufacturing data; TUI update due
In light of Thomas Cook's collapse, a trading update from holiday firm TUI will be the main highlight on the corporate front on Tuesday, while the German Ifo will also be closely watched following the release of weak manufacturing data.
Brighton Pier thanks weather for bright start to the year
The owners of Brighton’s 120-year old Palace Pier said on Monday that the current year had got off to a sunny start thanks to record weather over the August bank holiday.
Instem profits climb as outsourced services revenue jumps
Instem on Monday reported a jump in interim profits after booking double-digit revenue growth on the back of higher outsourced services and software as a service (SaaS) orders.
Sports Direct makes £4m cash offer for Goals Soccer Centres
Sports Direct waded back into the takeover market on Monday with a discounted £4m cash offer to buy out scandal-hit Goals Soccer Centres.
Marks & Spencer CFO to step down
High Street retailer Marks & Spencer on Monday said chief financial officer Humphrey Singer had decided to leave the company after only 14 months in the job.
XLMedia warns on profits as regulations and costs weigh
Marketing group XLMedia warned on Monday that full-year earnings and revenues would be lower than expected as first-half results were hit by gambling regulations and increased corporate costs.
Iofina cuts losses as revenue boosted by rising iodine prices
Iofina on Monday reported a narrowing of its interim losses as revenue increased on the back of growth in sales volumes and higher iodine prices.
Thomas Cook collapses after rescue talks fail
Travel operator Thomas Cook finally collapsed on Monday as last-minute talks to save the industry giant failed, leaving 600,000 holidaymakers stranded around the world and putting 22,000 global jobs at risk.