Company News
MaxCyte to consolidate two of its lines of shares
Cell engineering company MaxCyte announced the consolidation of two of its lines of common stock into a single unrestricted line of common stock on Thursday.
Dixons Carphone to become Currys in move to single brand
Dixons Carphone said it would change its name to Currys and replace all its brands with the Currys label to trade under a single identity.
Atalaya Mining reports strong first quarter
Atalaya Mining reported first quarter revenues of €97. 4m (£83. 69m) on Thursday, up from €61. 2m year-on-year, with the higher revenues put down to higher realised copper prices and slightly larger volumes of concentrate sold.
Kier to raise £241m in share placing
Construction and infrastructure services group Kier said on Thursday that it plans to raise around £241m in a share placing to provide it with the "the financial and operational flexibility to continue to deliver on its strategic objectives".
Moneysupermarket's travel business to combine with Icelolly.com
Price comparison website Moneysupermarket. com said on Thursday that its TravelSupermarket business (TSM) will combined with Icelolly. com to enable "stronger and broader travel comparison services across both brands".
Countryside Properties revenues rise but profits hit by writedown
Countryside Properties backed its full-year expectations on Thursday as it reported a jump in revenue amid strength in the private for sale market, but said profit was dented by a writedown related to remedial work on high-rise developments.
Rolls-Royce expects to turn cash-flow positive in second half
Rolls-Royce engines flew at 40% of 2019 levels in the first four months of this year as the company said it expected to turn cash-flow positive in the second half as airline travel recovered from the Covid pandemic.
Spire Healthcare 'pleased' with YTD trading
Independent hospital group Spire Healthcare said on Thursday that it was "pleased" with its performance in the first four months of 2021 as it reiterated guidance given at the time of its full-year results in March.
Direct Line names Neil Manser as CFO
Insurance group Direct Line said on Thursday that Neil Manser would take over as chief financial officer on a full-time basis, with effect from the conclusion of the company's annual general meeting.
Brewin Dolphin profit jumps on fund inflows
Brewin Dolphin’s first-half profit rose sharply as the fund manager attracted more funds from clients while markets recovered.
3i Group total return surges to 22pc for year ended March
Private equity and venture capital company 3i Group reported a “strong” result for the year on Thursday, despite disruption caused by the Covid-19 pandemic.
Wood Group starts year slower than anticipated
John Wood Group reported quarter-on-quarter growth in its order book of 9% at the end of its first quarter, to $7. 1bn (£5. 05bn), with good growth in its consultancy and operations businesses.
JLEN Environmental Assets raises £56.9m in share placing
Renewable energy infrastructure investment fund JLEN Environmental Assets Group said on Thursday that it had raised £56. 9m by virtue of a placing of 54. 67m new ordinary shares at a price of 104. 0p each.
Intertek to acquire SAI Global Assurance, pushes into Canada, China and US
Testing specialist Intertek acquired Australia's SAI Global Assurance for AUD$855m in cash and on a debt free basis, "significantly" increasing its presence in Australia, Canada, China, the UK and US.
ContourGlobal reports strong first quarter performance
Wholesale power generation company ContourGlobal reported “strong” operational and financial performance in the quarter ended 31 March on Thursday, with an average availability factor of 98. 1% for the thermal fleet and 95. 8% for renewable, compared to 96. 4% and 96. 2% respectively a year earlier.
Beazley sees growth across multiple divisions in Q1
Insurance company Beazley Group said on Thursday that first-quarter growth had been achieved in most of its divisions, with gross premiums increasing in the three months ended 31 March.
NCC Group to buy Iron Mountain's intellectual property business
NCC Group has agreed to acquire the intellectual property management (IPM) business of Iron Mountain, it announced on Thursday, for $220m (£156m) cash.
Essentra acquires Chinese manufacturer Jiangxi Hengzhu
Plastics foam products company Essentra said on Thursday that it had purchased Chinese manufacturer Jiangxi Hengzhu Electrical Cabinet Lock Co for an initial consideration of ¥100. 0m (£11. 0m).
Hipgnosis buys catalogue from producer Andy Wallace
Music rights fund Hipgnosis said it had bought a catalogue from Grammy Award-winning producer, mixer and engineer, Andy Wallace for an undisclosed sum.
Grainger maintains dividend, sees stronger rental market
Grainger maintained its dividend as the residential landlord reported an increase in profit and predicted a strengthening rental market.