Market Report
Be Heard losses widen despite solid second half
Digital marketing outfit Be Heard saw losses widen in its last trading year as improved revenues were offset by asset write-downs and a slow start to the year.
Quixant profits slip as restructuring costs offset revenue growth
Gaming machines manufacturer Quixant saw pre-tax profits slip in its last trading year despite the firm improving revenues over the same period.
IFG Group agrees to £206m Epiris takeover deal
Financial services company IFG Group said on Monday that it has agreed to be bought out by private equity firm Epiris in a £206m deal, as it released its final results.
Europe open: Stocks trim earlier losses as IFO index pleases
Stocks are recovering from early moderate selling, helped by a stronger-than-expected reading on a key survey of German business sentiment, although analysts continue to have conflicting views on the outlook for financial markets.
Leeds Group warns on profits as tough conditions persist
Textile processing outfit Leeds Group has seen the challenging trading conditions witnessed in the first half of its financial year carry on into the second.
Oakley Capital acquires Spanish software outfit
AIM-listed investment outfit Oakley Capital has agreed to acquire Spanish software provider Unit4, also known as Ekon.
German business confidence unexpectedly improves in March - Ifo
German business confidence unexpectedly improved in March, according to a widely-followed survey released on Monday.
President Energy to press ahead with busy work programme in Argentina
Upstream oil and gas company President Energy confirmed plans for its work programme for 2019-2020 at its fields in Rio Negro Province, Argentina on Monday, where it has a 90% holding to Edhipsa’s 10%.
InfraStrata's Islandmagee Energy to acquire pipeline easements
Natural gas storage company InfraStrata announced on Monday that its subsidiary, Islandmagee Energy, has served notice to exercise and complete its easement options that are required to progress the Islandmagee gas storage project.
ConvaTec poaches Genus chief executive Bitar
Medical products and technologies company ConvaTec has appointed Karim Bitar - the chief executive of animal genetics group Genus - as its new CEO with effect from 30 September.
Ovoca Bio confirms positive results from Libicore phase 3 trial
Biopharmaceutical company Ovoca Bio announced positive, statistically significant top-line results from a phase 3 clinical trial of its first candidate, ‘Libicore’ (BP-101), on Monday.
Evgen Pharma confirms positive results from latest 'SFX-01' trial
Clinical stage drug development company Evgen Pharma announced positive headline results from the open-label phase 2 trial of ‘SFX-01’ in 46 patients with estrogen-positive metastatic breast cancer on Monday.
UK's largest broadband providers still leaving customers unsatisfied
Customers of the UK’s largest broadband providers were still getting a raw deal, according to the latest broadband satisfaction survey from consumer lobby group Which.
Policy may need to be loosened, Fed's Evans says
A top US central bank official said on Monday that the downside risks to the economy outweighed those to the upside and that interest rate cuts might be needed.
Shell enters home energy market with First Utility rebranding
The Shell brand entered the home energy market on Monday, as the company rebranded its First Utility acquisition as ‘Shell Energy’, sweetening the transition by switching all of its British residential customers to 100% renewable electricity.
London open: Stocks in the red amid global growth woes, Brexit uncertainty
London stocks fell in early trade on Monday, taking their cue from heavy losses in Asia amid worries about global growth, while uncertainty about Brexit was also contributing to jitters.
International PPL confirms NDIF investment in 'toob' full fibre broadband
Infrastructure investment company International Public Partnerships confirmed on Monday that ‘toob’ has secured investment from the National Digital Infrastructure Fund, being the fourth such investment by the fund which the company supports.
Pennon Group to end year in line with expectations
Water utility and waste management company Pennon Group updated the market on its trading on Monday, ahead of its financial year-end, confirming that its underlying financial performance for the year ending 31 March was in line with its expectations.
Wood Group agrees $38m sale of Terra Nova Technologies
Wood Group made further progress with its non-core asset disposal programme on Monday, announcing the sale of its conveying and material handling systems division Terra Nova Technologies.
LondonMetric sells two logistics warehouses for £67m
LondonMetric has sold two logistics warehouses in Sheffield and Wakefield to Exeter Property Group for £67m.