Company News
SDX Energy posts decent rise in production for 2019
Middle East and North Africa-focussed oil and gas company SDX Energy updated the market on its operations and finances for 2019 on Wednesday, reporting full-year production of 4,020 barrels of oil equivalent per day (boepd) was 12% higher than 2018.
Regency Mines upbeat on progress at Mambare
Battery metals-focussed natural resource exploration and development company Regency Mines updated the market on its flagship Mambare nickel-cobalt project on Wednesday, following recent successful partner engagements.
Deltex Medical revenue falls as it 'stabilises' business
Oesophageal Doppler monitoring company Deltex Medical Group updated the market on its trading for 2019 on Wednesday, reporting “good progress” with the execution of its new strategy.
FirstGroup's South Western Railway could be stripped of franchise
The transport secretary described the South Western Railway franchise as “not sustainable” on Wednesday, warning that the operation based at London Waterloo could be nationalised.
Somero set to top guidance but cautious on outlook
Concrete levelling technology outfit Somero Enterprises told investors on Wednesday that annual revenues and earnings looked set to top guidance thanks to some improved weather conditions across the US.
Berkeley Group to boost shareholders returns by £455m
Housebuilder Berkeley Group said on Wednesday that it will return £1bn to shareholders over the next two years, which is a £455m increase.
Daimler warns on profits as emissions fallout continues
Daimler, the German luxury car manufacturer, has once again warned on profits, as it continues to navigate the fallout from the emissions scandal and a switch away from diesel vehicles.
Sumo Group ends year in line as it seeks more acquistions
Video games and entertainment creative services provider Sumo Group said on Wednesday that it expects its final results for 2019 to be at least in line with market expectations.
Wynnstay looking at another tough year as earnings slip
Wynnstay Group reported its final figures for the 2019 financial year on Wednesday - a period in which it said the results reflected difficult market conditions for the agricultural sector.
Burberry bumps up full-year revenue guidance
Burberry posted a rise in third-quarter sales on Wednesday and lifted its revenue guidance for the year but shares of the luxury fashion brand fell as it said sales in Hong Kong were dented by unrest.
Hundreds of jobs to go at Jaguar Land Rover's Halewood plant
Jaguar Land Rover is set to axe hundreds of jobs at its Halewood plant on Merseyside.
Mission Group sees FY results in line after strong 2019
Creative agency Mission Group said on Wednesday that expected 2019 results to be in line with market expectations and report its ninth consecutive year of growth in headline profits.
Alliance Pharma lowers net debt after "strong" revenue growth in 2019
International healthcare group Alliance Pharma said it had recorded some strong revenue growth in 2019 on Wednesday as well as a rapid reduction in net debt.
Rival Turkish bid being lined up for British Steel - report
The government is lining up a rival bidder for British Steel in case an agreed takeover by China’s Jingye falls through, it was reported on Wednesday.
Boeing 737 MAX return delayed until at least mid-2020
Boeing said it did not expect its controversial 737 Max aircraft to return to service until mid-2020 as it officially paused production while authorities scrutinise modifications.
Ted Baker inventory overstatement more than double initial estimate
Fashion retailer Ted Baker said on Wednesday that it had overstated the value of its inventory by more than twice what it originally estimated.
Bosch to increase shareholding in Ceres Power
Solid oxide fuel cell (SOFC) technology company Ceres Power Holdings announced on Wednesday that Robert Bosch will increase its equity shareholding in Ceres from around 4% to about 18%.
CMA to probe DMGT's acquisition of i newspaper
The Competition and Markets Authority said on Wednesday that it will look into whether Daily Mail & General Trust’s acquisition of the i newspaper from JPI Media will lessen competition.
Pebble Group ends year in line with forecasts
Promotional products, industry and software provider The Pebble Group updated the market on the year ended 31 December on Wednesday, reporting that they are expected to be in line with expectations.
IBM ends 2019 on a 'strong note'
International Business Machines (IBM) updated the market on its fourth quarter and full-year numbers for 2019 on Wednesday, reporting GAAP earnings per share from continuing operations of $4. 11 (£3. 15) for the final three months of the year, and operating, non-GAAP earnings per share of $4. 71.