News And Announcements
Indivior in freefall as it loses court ruling to block generic Suboxone
Indivior shares were in freefall in afternoon trading on Tuesday as it emerged that the company had lost an appeals court ruling that could allow Dr Reddy's Laboratories to start selling a generic version of its top-selling opioid addiction treatment, Suboxone Film.
John Menzies on track for full year
Aviation services business John Menzies said on Tuesday that it is continuing to trade ahead of last year and is on track to meet full-year expectations.
EU clears Takeda's Shire acquisition on divestment condition
The European Commission has cleared Takeda Pharmaceutical's £46bn acquisition of Shire, subject to the divestment of a bowel disease drug under development by Shire.
Gaming Realms signs deal for new casino brand in Scandinavian market
Mobile real money and social games developer, publisher and licensor Gaming Realms announced on Tuesday that its business-to-business software division Alchemy Bet has signed a gaming platform deal with River Game Operations, a subsidiary of River iGaming, the Norwegian-listed real money gaming company.
ClearStar secures two new contracts worth $1m combined
Background check technology and service provider ClearStar has secured two new customers, it announced on Tuesday, with the contracts having an expected combined value of more than $1m annually, beginning in 2019.
Bonmarche interim profit drops amid flat sales but FY guidance backed
Budget women's clothing retailer Bonmarche - which warned on profits back in September - posted a drop in interim profit on Tuesday amid flat sales.
KCOM issues profit warning, slashes dividend plans
Telecoms provider KCOM Group updated the market on its trading outlook for the 2019 and 2020 financial years on Tuesday, reporting that its performance for the current financial year ending 31 March 2019, on a pre-IFRS 15 basis, would be weaker than originally expected.
SIMEC Atlantis sells 25pc of Uskmouth Power to Equitix
Sustainable energy generation company SIMEC Atlantis Energy has signed heads of terms to sell a 25% shareholding in Uskmouth Power for £32. 9m cash, it announced on Tuesday, to infrastructure fund manager Equitix.
Chinese Year of the Pig fuels Entertainment One
Children’s favourite Peppa Pig helped Entertainment One push past challenges in other parts of the business, as profits were wiped out by hefty impairment charges.
Two new OEMs adopt Xaar 'Thin Film' technology
Digital inkjet printing and 3D technology group Xaar announced on Tuesday that two new original equipment manufacturers - Neos and KELENN Technology - had adopted the ‘Xaar 5601 Thin Film’ printhead.
Europa Oil raises £4m, plans to wrangle another £1m
Europa Oil & Gas has conditionally raised total gross proceeds of about £4m, it announced on Tuesday, by the placing of 133,333,338 new ordinary shares at an issue price of 3p each.
AO World narrows losses in 'tough' macro environment
Online electrical goods retailer AO World was under the cosh on Tuesday as it reported a narrowing of its losses in the first half but struck a cautious note on the UK major domestic appliances (MDA) market.
Boston Scientific to buy BTG in GBP3.3bn deal
Shares in medical technology company BTG rocketed on Tuesday as it agreed to be bought by US-based Boston Scientific for £3. 3bn.
Electrocomponents sails through first half, begins to slow as expected
Electrocomponents reported like-for-like revenue growth of 9. 8% for its half-year, with market share gains in all three of its regions, but a slowing of growth as it moved into the second half.
CYBG profit progress wiped out by looming PPI hit
Clydesdale and Yorkshire Bank owner CYBG increased underlying profits 13% in the past 12 months but fell into a loss at the statutory level due to PPI costs.
Telecom Plus posts record profits as customer numbers grow
Revenues at Telecom Plus rose in the first half of the year, along with profits, as the company saw strong growth in customer and services account numbers.
SIG sees 'significant' improvement in H2 as UK mkt weakens
Speciality building products supplier SIG said it was expecting a big improvement in second half fortunes as like-for-like group revenues fell 3. 6% in the four months to end-October in challenging conditions.
Aveva revenue and adjusted profits rise after Schneider Electric acquisition
Aveva Group announced its interim results for the six months ended 30 September on Tuesday, reporting that on a pro forma basis, revenue for the combined group including the Schneider Electric Software acquisition grew 10. 9% to £343. 0m, with adjusted profit before tax up 54. 3% at £60. 5m.
Spectris sales rise as Asia sees good growth
Productivity-enhancing instrumentation and controls company Spectris posted a rise in four-month sales on Tuesday thanks in part to a strong performance in Asia, as it said full-year results should be in line with the group's expectations.
EasyJet annual profits soar, eyes holiday expansion
EasyJet's profits soared more than 41% in the past 12 months but the budget airline sees potential for greater growth by expanding its holidays business.