Company News
Friday preview: US data, ECB minutes in focus
Investors' focus at the end of the week will be on a deluge of first-tier economic data out of the US.
Director dealings: Surface Transforms director makes share purchase
Surface Transforms said on Thursday that non-executive director Matthew Taylor had acquired 55,000 ordinary shares in the AIM-listed manufacturer.
Immedia narrows losses even as revenue declines
Audio-visual communications company Immedia reported a 43% decrease in revenue in its preliminary results on Thursday, to £2. 3m.
Agronomics ups stake in Dutch lab-grown meat firm
Alternative proteins investor Agronomics announced a purchase of 117 shares, worth €0. 2m (£0. 17m), in existing portfolio company Meatable on Thursday.
IGas maintains production guidance as it advances new projects
IGas Energy said in an update on Thursday that it was still expecting net production of between 2,150 and 2,350 barrels of oil equivalent for 2021.
Caledonia Mining earnings slip in difficult first quarter
Caledonia Mining reported gross revenues of $25. 7m (£18. 3m) in its first quarter on Thursday, up from $23. 6m year-on-year.
De La Rue renews contract with Microsoft
De La Rue has signed a five-year renewal of its contract with Microsoft, the banknote printer said on Thursday.
M&G rallies as Schroders said to have mulled buyout
M&G shares rallied on Thursday following a report that Schroders spent months earlier this year looking at a potential buyout of the investment manager.
Tui agrees to be clear on refunds as regulator acts
Tui agreed to give customers better information about refunds on holidays cancelled because of Covid-19 as the UK's competition regulator ordered travel firms to honour customers' legal rights.
Best of the Best ends year in line with market expectations
Online car and lifestyle competition organiser Best of the Best updated the market on its trading for the year ended 30 April on Thursday.
ECR Minerals makes progress on Bailieston and Creswick projects
Australia-focussed gold exploration and development company ECR Minerals updated the market on drilling and related activities underway across the Bailieston and Creswick gold exploration projects in the Victorian Goldfields on Thursday.
Burberry reinstates full-year dividend, warns on margins
Burberry reported a decline in full-year sales and operating profits, but reinstated its full-year payout on the back of strong cash generation.
Chip designer Alphawave IP slumps in market debut
Shares of Canadian semiconductor maker Alphawave IP slumped in their stockmarket debut on the London Stock Exchange.
Prudential delays Jackson demerger until second half
Prudential pushed the demerger of its Jackson US business back to the second half of 2021 as the insurer reported an increase in sales at its Asia and Africa operations.
One Media iP reports 'solid' acquisition pipeline
Digital media content provider One Media iP said on Thursday that 2020 was a period of “continued solid progress” in both growth and profit, despite global challenges amid the Covid-19 pandemic.
On the Beach drops after suspension extended
On the Beach shares fell more than 10% after the online holiday retailer suspended sales for a further two months because of uncertainty created by government travel restrictions.
Revenue down but earnings grow at PHSC
Health, safety, hygiene and environmental consulting company PHSC said on Thursday that unaudited management accounts for the year ended 31 March showed consolidated group revenue of £3. 29m, down from £4. 44m year-on-year.
BT ramps up fibre-to-home rollout target to 25m by end-2026
UK telecoms operator BT said it was extending its full-fibre broadband network to 25m premises by the end of 2026, and would aim to fund the 5m extra premises through a joint venture.
UDG Healthcare takeover likely to proceed, says RBC Capital
RBC Capital Markets downgraded its stance on shares of UDG Healthcare from ‘outperform’ on Thursday as it lifted the price target to 1,023p from 940p, bringing it in line with the offer received by private equity firm Clayton, Dubilier & Rice, which it reckons will go through.
Ideagen recurring revenue rises in year of growth
Compliance software company Ideagen reported a year of “continuing growth” on Thursday, both organically and by adding three “significant” acquisitions.