Market Report
Seeing Machines focuses on Fleet business to improve costs and cash flow
Computer vision technology company Seeing Machines provided a “comprehensive” update on its Fleet business on Thursday, explaining that the success of the business and its implementation of ‘Guardian 24/7’ monitoring services was fundamental to the firm.
IndigoVision trades in line, expects sales to be weighted to second half
Security systems designer IndigoVision told investors at its annual general meeting on Thursday that the group had traded in line with expectations during the first four months of the year.
BBGI SICAV ups stake in Ohio River Bridges project
PPP infrastructure investment firm BBGI SICAV has acquired a further 33. 3% interest in the Ohio River Bridges - East End Crossing Project, taking its total ownership to 66. 6% of the project.
Grainger's interim profits improve as rental income grows
Residential landlord Grainger saw first-half profits improve on the back of increased rents and its acquisition of GRIP back in December.
Tritax Big Box secures permission for Symmetry Park distribution centre
Real estate investment trust Tritax Big Box has received planning permission for the development of a new distribution centre at Symmetry Park, Biggleswade.
Kavango Resources encouraged by drilling at Ditau
Exploration group Kavango Resources released further information on the second diamond drill hole at its Ditau prospect on Thursday.
Event performance give Tarsus Group solid start to year
Business-to-business media company Tarsus Group updated the market on its current trading on Thursday, reporting that since its annual results on 27 February, it had been in line with the board's expectations with forward bookings towards the top end of its targeted growth range of 5% to 10%.
Wincanton pleased with earnings growth as revenues slip
Logistics company Wincanton said contract wins largely offset the impact of losses from its prior year and first half in its preliminary results on Thursday, reporting a revenue decline of 2. 6% to £1. 14bn for the year.
Trans-Siberian subsidiary TZ enters £9.4m loan facility agreement
Russia-focussed gold producer Trans-Siberian Gold confirmed on Thursday that its wholly-owned subsidiary ZAO Trevozhnoye Zarevo (TZ) has entered into a loan facility agreement with VTB Bank.
Balfour Beatty on track to meet expectations
Balfour Beatty confirmed it was performing in line with expectations in a trading update on Thursday, as its shareholders gathered for its annual general meeting.
Anglo American gets approval for diamond recovery vessel
Miner Anglo American confirmed on Thursday that De Beers and the Government of the Republic of Namibia have approved the construction of its custom-built diamond recovery vessel.
Ergomed sees FY earnings 'materially ahead' of market expectations
Ergomed said on Thursday that full-year revenue and earnings are set to be "materially" ahead of current market expectations following strong trading year-to-date.
Bakkavor sweetens its offering with dessert business acquisition
Bakkavor said on Thursday that it has agreed to buy desserts business Blueberry Foods from Samworth Brothers Limited for an undisclosed sum.
Safestyle warns on profits amid slow margin recovery
AIM-listed windows and doors retailer Safestyle warned on Thursday that full-year profit will be below current market expectations as margins have been slower to recover, while costs also weigh.
National Grid earnings fall as it sees 'strong' growth in assets
National Grid reported a 2% fall in its underlying operating profit to £3. 4bn in its full-year results on Thursday, or 4% at constant currency, explaining that it reflected the expected return of Avonmouth allowances and US tax reform, partially offset by higher property profit and favourable US legal settlements.
Investec asset management demerger on track as operating profit rises
Investec posted a 9. 4% jump in full-year adjusted operating profit on Thursday as it said the demerger of the asset management business was on track.
3i cautious as it posts 18% annual total return
3i said it was cautious about market conditions as the investment company reported a total return of 18% for last year.
Europe open: Shares lower as Trump blacklists Huawei
European shares opened lower on Thursday as US President Donald Trump's decision to declare a national emergency and blacklist China telecoms giant Huawei weighed on sentiment.
London open: Stocks fall as investors eye Trump's latest move, ex-dividends weigh
London stocks fell in early trade on Thursday as investors digested news that US President Trump has declared a national emergency to protect US computer networks from "foreign adversaries" - a move widely seen as targeting China’s Huawei.
Just Group new business sales drop 55% in Q1
Just Group reported a drop in first-quarter new business sales on Thursday as retirement income fell and the pension provider said it was planning to shut its loss-making US operations.