News And Announcements
Fuller Smith & Turner says workforce 20% lower as Covid hits profits
UK pub company Fuller, Smith & Turner said staff levels were 20% lower since the start of the new financial year as it swung to an interim loss due to the coronavirus pandemic.
Polymetal snaps up 22% stake in Chesterfield
FTSE 100 miner Polymetal International has acquired a stake in Chesterfield Resources, causing shares in the copper and gold exploration firm to surge 25%.
Mulberry half-year sales dented by Covid
Luxury handbag maker Mulberry reported a slump in first-half revenues on Thursday as store closures and the impact of the Covid-19 pandemic took their toll, although online sales were a bright spot.
VR Education to launch new title 'Shuttle Commander'
Virtual reality (VR) technology company VR Education announced on Thursday that its “showcase experience”, Shuttle Commander, would be released on 30 November for all PC-based VR platforms, including Oculus Rift, Valve Index, Windows Mixed Reality and HTC Vive devices.
Actual Experience upbeat on 'major purchase order'
Analytics-as-a-service provider Actual Experience updated the market on its recent operations on Thursday, announcing that it received a purchase order from one of its channel partners in connection with a “major deployment” of its recently-launched ‘Human Experience Management’ (HXM) offering.
Aviva reports interim dividend and new payout policy
Aviva announced an interim dividend of 7p per share and a new payout policy as the insurer reported a 14% decline in new business for the first nine months of the year.
Norman Broadbent secures additional liquidity with CBILS loan
Professional services company Norman Broadbent announced on Thursday that, in order to strengthen its balance sheet and aid liquidity, it had secured a £0. 25m six-year term loan facility under the British Business Bank's Coronavirus Business Interruption Loans Scheme (CBILS) from its bankers, Metro Bank.
UK car production falls as Covid-19. hits exports
UK car production fell 18% in October as Covid-19 and fresh lockdowns reduced demand in important markets, industry figures showed.
Beowulf shares up on Kosovo survey results
Mineral exploration and development company Beowulf announced results from the induced polarisation and resistivity surveys undertaken by Vardar Minerals over the Metal Creek prospect on Thursday, which forms part of the Viti Project in south east Kosovo.
President sees success in testing shut-in well at Las Bases
President Energy announced testing success at the old shut-in well ‘LB-1’, at Las Bases field in Rio Negro, Argentina on Thursday, reporting that workover and testing of the shallow Centenario interval in the old shut-in well was a follow-on from the successful newly drilled well LB-1001.
Mothercare completes overhaul and swings to loss
Mothercare said its transformation plan was completed as the parent and child product seller reported a loss for the first half of its financial year.
Cussons appoints Nomad's Pollard as CFO
PZ Cussons said it had appointed Sarah Pollard as chief financial officer from January 4 next year.
Mitchells & Butlers axes 1,300 jobs as sales slump on new Covid curbs
Pub group Mitchells & Butlers said it had made 1,300 people redundant since the end of September as sales slumped under new Covid-19 restrictions in England.
Bodycote announces another restructuring, shares slide
Bodycote shares slid on Thursday after the heat treatment and thermal processing company announced another restructuring and sounded a downbeat note on the outlook for the civil aerospace market.
Boohoo hires former judge Leveson to oversee reform
Boohoo has appointed legal heavyweight Brian Leveson, who headed the government's inquiry into the press, to oversee the company's efforts to recover from a scandal over treatment of workers.
LXI REIT acquires 13 locations for £61.0m
Real estate investment trust LXI has acquired 11 food stores and two discount stores for a total of £61. 0m.
Amigo Holdings swings to loss as revenues slide
Amigo Holdings said on Thursday that it swung to a pre-tax loss in the first half as revenues slid and the subprime lender expressed doubt about its ability to continue as a going concern.
Britvic FY profits nudge up despite revenue decline
Britvic reported a small rise in full-year pre-tax profit on Thursday as lower costs helped to offset a revenue decline, as its out-of-home segment was dented by the Covid-19 crisis.
Severn Trent dividend edges up as bad debts rise
Severn Trent's nudged up its interim dividend as the water company reported reduced profit due to lower revenue and higher bad debts from the Covid-19 crisis.
Boards pay lip service to governance, regulator says
The UK's corporate governance regulator said too many companies paid lip service to requirements on pay and diversity and that it was unhappy with boards' response to its improved code of standards.