Company News
ITM Power bottom line hit by legacy projects and lower grant income
Hydrogen power specialist ITM Power continued to build out its manufacturing capabilities over its most recent half-year, which also saw it beef up its balance sheet via a capital raise and the entry of Germany's Linde as a cornerstone investor.
Tuesday preview: nCoV Coronavirus, Crest Nicholson in focus
The focus of trading on Tuesday will in all likelihood continue to be on the news-flow around the new nCoV coronavirus in China, as investors try and spy any slowdown in the momentum of new cases, which could be rapidly reflected in share prices.
Cabot Square Alternatives launches £200m London IPO
Investment firm Cabot Square Alternatives is to float on the main market of the London Stock Exchange as part of a £200. 0m fund-raising.
Shield Therapeutics details year of 'material progress'
Drugs developer Shield Therapeutics told investors on Monday that 2019 had been a year of "material progress", with a key success being the recent Federal Drug Administration approval of its iron deficiency treatment, Feraccru/Accrufer.
Fastjet warns of imminent cash crunch as critical talks continue
Africa-focused carrier Fastjet warned on Monday that it only had enough cash to see it through to the end of the quarter, as critical discussions over its future continued.
Amigo Holdings tumbles as it puts itself up for sale
Shares of Amigo Holdings tumbled on Monday as the guarantor loans provider launched a strategic review and formal sale process after its largest shareholder, the Richmond Group, said it would willingly sell its 60. 66% holding in the company.
Stay bullish on UK domestic stocks, says JPMorgan
JPMorgan Cazenove recommended that investors stay bullish on UK domestic plays on Monday but underweight the FTSE 100.
Safestyle warns of short-term hit to profitability
Windows and doors maker Safestyle warned on Monday that investments made as part of its turnaround plan will dent short-term profitability.
Gresham House sees marked improvement in assets under management
Alternative asset manager Gresham House reported strong full-year organic growth in assets under management on Monday - up over 20% to at least £2. 75bn for the year.
Randall & Quilter acquires Montana-based captive insurer
Insurance group Randall & Quilter acquired Montana-based captive insurer Vigneron from a wholly-owned private investment company on Monday.
7digital inks music-as-a-service contract with Single Music
Digital music solutions group 7digital said it had won a contract to provide its music-as-a-service platform to power Single Music, a Shopify-integrated platform that enables artists and labels to sell their music and merchandise directly to fans.
TP Group boosted by Sapienza acquisition
Mission-critical solutions provider TP Group had another year of substantial growth in both revenue and adjusted operating profits in 2019, with a significant strengthening of the group's order book.
Rotala trades in line following Bolton acquisition
British transport solutions firm Rotala said on Monday that it had traded in line with market expectations during 2019, achieving "significant additional growth" thanks to a recent acquisition.
Petra Diamonds H1 revenue falls amid lower diamond prices
Petra Diamonds posted a drop in first-half revenue on Monday amid lower diamond prices.
Astra reports positive results from stroke, gastric cancer trials
AstraZeneca said high-level results from from a phase three trial of its Brilinta drug used in conjunction with aspirin produced a “statistically significant and clinically meaningful” fall in the risk of the primary composite endpoint of stroke and death, compared with aspirin alone.
AstraZeneca sells hypertension drug rights; Ends Allergan deal
AstraZeneca said it had agreed to sell the global commercial rights to a range of hypertension treatments to Atnahs Pharma for up to $390m.
TI Fluid Systems FY results seen in line, free cash flow 'very strong'
TI Fluid Systems said on Monday that results for the year to the end of December are set to be in line with the expectations outlined in its first-half results in August, with adjusted free cash flow "very strong".
Halma on £83.5m acquisition spree
Health and safety firm Halma said it had made two acquisitions in the US and Australia for a combined £83. 4m.