Company News
Friday preview: Factory PMIs, Davos in focus
The focus at the end of the week will be on a raft of services and manufacturing sector surveys from around the world, with investors particularly keen for signs of stabilisation in global factory activity.
Ilika shares tumble after half-year report
Solid state battery technology company Ilika reported an improvement in total revenue for its first half on Thursday, to £1. 5m, up from £1. 0m year-on-year.
Phoenix Copper makes progress with exploration at Red Star
North America-focussed base and precious metals exploration and development company Phoenix Copper announced the results of ongoing exploration at its Red Star silver deposit on Thursday, adjacent to its Empire copper deposit in Idaho.
Hg invests in medical imaging software firm Intelerad
Specialist private equity investor Hg has finalised an agreement for an investment in medical imaging software and enterprise workflow specialist Intelerad Medical Systems.
PureTech sells shares in Karuna affiliate for $200m
Clinical stage biotech company PureTech Health said it had sold 2. 1m shares of its affiliate Karuna Therapeutics for $200m.
CMC Markets sees FY income ahead of market views
Online trading platform CMC Markets said on Thursday that net operating income for the year will be ahead of current market expectations as income for the third quarter was stronger than expected.
ASOS sales beat expectations after record Black Friday
Online fashion retailer ASOS posted a better-than-expected 20% jump in total retail sales for the four months to the end of December following a record Black Friday.
Mothercare CEO steps down; recapitalisation 'broadly on track'
Mothercare announced some changes to its leadership team on Thursday as it said it was "broadly on track" with its planned recapitalisation.
Trump dilutes new environmental legislation after BP lobbying
Trump watered down a landmark environmental law which could allow major infrastructure projects to avoid certain checks after BP lobbied against it.
Morrisons set to axe 3,000 department manager jobs
Morrisons is reportedly set to axe 3,000 department managers across its stores as part of a restructuring of shop floor teams.
Workspace appoints Stephen Hubbard as chairman
Workspace has appointed Stephen Hubbard as non-executive chairman with effect from the conclusion of the annual meeting on 9 July.
Hotel Chocolat revenues rise but so do costs
Premium chocolatier Hotel Chocolat reported a rise in revenues on Thursday, alongside an increase in costs.
JTC pleased with 2019 as it hunts for acquisitions
Fund, corporate and private client services provider JTC updated the market on its trading for 2019 on Thursday, saying it continued to perform well in the second half of the year.
Gfinity forecasts flat FY revenues
Esports provider Gfinity said on Thursday that it now expects full-year revenues to be broadly flat year-on-year despite a sharp reduction in the first half.
Avacta doubles revenues thanks to LG Chem milestone payment
Biotherapeutics development outfit Avacta doubled revenues in the 17-month period ended 31 December 2019 as it was boosted by an initial milestone payment from LG Chem.
React lands £0.5m contract with unnamed rail client
Specialist cleaning firm React Group has been awarded a £0. 5m contract to provide deep cleaning services to one of its large tier-1 customers operating in the rail sector.
ITM Power incorporates joint venture with Linde
Energy storage and clean fuel company ITM Power announced the incorporation of ITM Linde Electrolysis on Thursday - a joint venture company between ITM Power and Linde, which was first announced in October.
Gear4music sales grow during last two months of 2019
Online musical equipment retailer Gear4music saw total sales increase in the two months ended 31 December, reflecting the commercial and operational progress made across the group during the last calendar year.
Polymetal Q4 revenue up 1% as prices offset lower output
Russian gold and silver producer Polymetal said fourth fourth quarter revenue rose 1% year-on-year to $643m as lower output volumes were offset by increasing prices.
PayPoint expects 'more modest' FY profit growth
Payment technologies provider PayPoint said on Thursday that underlying net revenues had improved in the final quarter of 2019, but cautioned that warmer-than-expected December weather hit transactions in its UK bill payments unit.