News And Announcements
Shoe Zone first-half profits flat; current trading in line
Profits at Shoe Zone were flat in the first half of the year, while revenues dipped just a touch as the footwear retailer said current trading was in line with management expectations.
Mercia pours another £2m into transdermal drug company Medherant
Technology investment company Mercia Technologies announced an additional £2m direct investment as part of a £2. 4m syndicated investment round into Medherant on Tuesday.
4D Pharma losses widen as it spends cash on development activities
Biotherapeutics development company 4D Pharma reported net assets of £45. 8m in its final results on Tuesday, falling from £69. 8m year-on-year.
Hipgnosis Songs Fund acquires catalogue from prolific songwriter Jamie Scott
Hipgnosis Songs Fund has acquired a music catalogue from British songwriter and record producer Jamie Scott, it announced on Tuesday, adding that he had been responsible for 84 number one, 188 top five and 247 top 10 chart positions globally.
Galantas Gold losses widen as it presses on with development
Galantas Gold Corporation reported a net loss of CAD 0. 78m for the quarter ended 31 March on Tuesday, widening from CAD 0. 52m year-on-year.
Topps Tiles first-half profit drops but H2 sees 'encouraging' start
Topps Tiles reported a drop in interim profit on Tuesday amid broadly flat revenue, a performance it described as "resilient" in a "challenging" environment.
Good Energy to redeem remainder of first renewable energy bond
Renewable electricity supplier and localised self-generation power service provider Good Energy Group announced on Tuesday that it would redeem in full the remaining amount of its first bond issued in 2013 before 30 June.
Schroder Real Estate manages to outperform benchmarks in full-year results
UK-focussed Schroder Real Estate Investment Trust confirmed the delivery of a 5% dividend increase in its full-year results on Tuesday, adding that its net asset value had improved 0. 7% to £356. 4m.
Big Yellow FY hit by Brexit worries, lower revaluation gains
Lower revaluation gains and Brexit worries led to a 5% fall in full year pre-tax profits at self-storage provider Big Yellow.
Nationwide warns of margin squeeze as mortgage market intensifies
Nationwide saw underlying profits tumble last year after it increased investment in digital services, and warned that its core mortgage and savings markets remained competitive, despite a surge in the size of its loan book.
Huntsworth adds Creativ-Ceutical and Kyne to its portfolio
Healthcare and communications group Huntsworth announced the acquisition of 70% of Luxembourg-based Creativ-Ceutical (CC) from 100% shareholder Avicenne Invest for an initial cash consideration of €15. 5m on Monday.
UDG Healthcare interim profits edge up; two acquisitions announced
Healthcare services provider UDG Healthcare upped its full-year earnings per share guidance on Tuesday after making two new acquisitions and seeing operating profits edge up in the first half.
Majestic Wine considers sale of retail business
Majestic Wine said on Tuesday that it is considering the sale of its retail business as the wine merchant rebrands as Naked Wines.
British Steel on the edge of collapse
British Steel is facing administration unless it can secure an emergency government loan, putting thousands of jobs at risk.
Hammerson CFO Drakesmith resigns
Hammerson said on Tuesday that chief financial officer Timon Drakesmith has resigned after eight years in the role, and will leave the company later this year.
Entertainment One profit dented by one-off charge
Entertainment One reported a drop in full-year profit on Tuesday as it took a hit from a one-off charge.
Tesco Bank pulls out of mortgage market
Tesco's banking arm has quit mortgage lending and will try to sell its £3. 7bn of existing mortgages, blaming persistently difficult market conditions for the decision.
Severn Trent shares up on 'strong and resilient' results
Severn Trent reported “strong and resilient” annual results on Tuesday, reporting group turnover of £1. 767bn, which was up £71m or 4. 2% year-on-year.
Halfords FY profit hit by mild weather, 'weakened' consumer confidence
Halfords posted a drop in full-year profit on Tuesday as it pointed to "weakened" consumer confidence and mild winter temperatures.
Cranswick predicts difficult year amid Brexit uncertainty
Cranswick said it expected the current year to be difficult as the food company reported a decrease in annual profit and highlighted uncertainty over Brexit.