Company News
Qinetiq makes 'good start' to trading year
Defence technology company Qinetiq said on Wednesday that it had made "a good start" to the new financial year.
Thursday preview: ECB, Unilever in focus
All eyes on Thursday will be on the European Central Bank's policy meeting, its first following the conclusion of its multiannual strategy review.
Director dealings: Caerus Mineral Resources chairman ups stake
Caerus Mineral Resources revealed on Wednesday that chairman Michael Johnson had acquired 240,000 ordinary shares in the London-listed exploration and resource development firm.
Fonix Mobile ends year 'comfortably in line' with forecasts
Mobile payments and messaging company Fonix Mobile said in a trading update on Wednesday that revenue and profit had continued to grow over the year just ended, and remained “comfortably in line” with its expectations since its admission to trading on AIM in October.
Ariana upbeat on latest drilling at Kepez North
Europe-focussed mineral exploration and development company Ariana Resources announced a drilling and resource update for the Kepez North area of the Kiziltepe Sector on Wednesday.
Arena Events repays shareholder financing early
Arena Events Group has agreed to repay and cancel the short-term financing facility with its significant shareholder Lombard Odier Investment Management (LOIM), it announced on Wednesday.
MySale flags underlying earnings ahead of expectations
Online retailer MySale reported group underlying EBITDA ahead of market expectations in a trading update on Wednesday, at AUD 4. 2m (£2. 25m), making for an improvement of AUD 6. 9m from the loss of AUD 2. 7m it recorded in the 2020 financial year.
PCI-PAL ends year with 'substantial increase' in revenue
Cloud payment technology company PCI-PAL said on Wednesday that, after a “strong year” of trading, it now expected to announce revenues of about £7. 3m, making for a “substantial increase” of 66% over the prior year.
Tristel starting to see signs of market recovery
Infection prevention products manufacturer Tristel said in a trading update on Wednesday that as the fourth quarter progressed, demand for its device-based products accelerated as hospital outpatient departments gradually returned to pre-pandemic levels of activity.
EKF Diagnostics reports continued strong trading
Point-of-care company EKF Diagnostics said on Wednesday that the strong trading it reported at the beginning of the year had continued through the second quarter.
Future sees FY profits 'materially ahead' of expectations
Magazine publisher Future said on Wednesday that full-year profitability is set to be "materially ahead" of current market expectations amid a continued strong performance.
Royal Mail parcel volumes dip as Covid curbs ease
Royal Mail said revenues rose 12. 5% in the first quarter as people continued to shop online with Covid lockdown restrictions still in place, although UK parcel volumes had started to slip as curbs were lifted.
Next lifts annual guidance as Q2 sales crush forecasts
UK fashion retailer Next on Wednesday lifted full-year profits guidance after second quarter full price sales smashed expectations.
BHP plotting retreat from oil
BHP was reportedly mulling how to extract itself from the oil and gas space while valuations were still supportive.
Hochschild Mining says on track to hit production targets after strong Q1
South America-focused Hochschild Mining said it was on track to meet production targets as second-quarter output rose on the back of strong performance from its Inmaculada mine and increases at the Pallancata and San Jose operations.
Petra Diamonds annual revenues surge, raises FY22 guidance
Mining outfit Petra Diamonds reported a 38% increase in full-year revenues and forecast for higher production in 2022 on Wednesday.
Bloomsbury trades strongly in first four months
Bloomsbury reported “strong trading” for the first four months of its financial year on Tuesday, with year-on-year sales growth of 28%, maintaining momentum from the prior year's “outstanding” performance.
Loungers outperforms since reopening after swinging to adjusted losses
Bar and restaurant operator Loungers reported a 52. 9% fall in revenue in its preliminary results on Wednesday, to £78. 35m, though it was seeing a “significant outperformance” since reopening its locations on 17 May.
Speedy Hire maintains positive momentum in first quarter
Tools, equipment and plant rental company Speedy Hire said in a trading update on Wednesday that market conditions had remained “favourable” since year-end, as it traded in line with its own expectations.
Petropavlovsk posts 39% drop in H1 output
Gold miner Petropavlovsk reported a 39% drop in first-half output on Wednesday but stated a higher gold price had partially offset the impact.