News And Announcements
Google unveils Stadia cloud gaming platform
Google revealed that it will wade into the gaming market as it unveiled its Stadia digital platform on Tuesday, a device which the tech giant said will allow gamers to play without the need for discs or downloads.
Inmarsat takes off after confirming private equity talks
Satellite communications group Inmarsat confirmed on Tuesday evening that it was in talks with a consortium of private equity companies after receiving a $3. 3bn proposal to buy the company out in January.
SDL profits grow as transformation plans bear fruit
Software and professional services group SDL said on Wednesday that full-year profit and revenues grew as it made "substantial" progress against its transformation plan and strategic objectives.
Investment banking enduring worst quarter 'in recent history' - UBS
The chief executive of UBS has called the last three months one of the worst quarters in investment banking’s recent history.
Curtis Banks profits on the up as SIPPs numbers grow
Financial services group Curtis Banks reported a 13% jump in 2018 profit on Wednesday as revenue and the number of new SIPPs administered increased.
YOLO directors upbeat after tough year for its investments
YOLO Leisure and Technology reported swung to unrealised losses on its investments for the 2018 financial year, it announced on Wednesday, with losses totalling £0. 84m, compared to gains of £0. 66m in 2017.
Cloudbuy still hungry for cash as revenue falls
Cloud-based merchant service provider Cloudbuy reported a 26% fall in its full-year revenue on Wednesday, to £1. 11m.
Speedy Hire says trading in line, announces Lifterz acquisition
Tool and equipment hire company Speedy Hire said on Wednesday that trading for the year to the end of March 2019 was in line, as it announced the acquisition of powered access specialist Lifterz for £9. 6m in cash.
Asos still a 'buy' but with risks, say Barclays, Jefferies
Barclays and Jefferies have maintained their recommendations for Asos, the online specialist, but believe there are still risks associated with the stock.
Ten Entertainment profit and revenues rise as it expands estate
Ten Entertainment posted a rise in full-year profit and revenue on Wednesday as it expands its estate.
IQE warns of headwinds after 'challenging' 2018
IQE's shares dropped on Wednesday after the semiconductor business reported a decrease in annual profits and warned that it faced short-term headwinds.
Pfizer buys 15% stake in French gene therapy company Vivet
US pharmaceutical group Pfizer has bought a 15% stake in Vivet Therapeutics and now has an exclusive option to buy out the rest of the privately-held French gene therapy company.
Toyota and Suzuki look to boost hybrid presence via global tie-up
Japan’s Toyota Motor Corporate and Suzuki Motor Corporation have unveiled plans for a wide-ranging collaboration, including jointly producing electric vehicles.
Tasty swings to operating loss amid 'challenging' conditions
Tasty saw its shares slump on Wednesday as the owner of the Wildwood and Dim T restaurant chains said it swung to a loss in the year to 30 December amid challenging conditions.
Alpha FX profits surge as firm expands to new markets
Foreign exchange service provider Alpha FX reported a 73% improvement in revenue to £23. 5m in its audited full-year results on Wednesday.
Conroy Gold to begin drill programme in earnest
Ireland and Finland-focussed exploration and development company Conroy Gold and Natural Resources announced on Wednesday that its 2019 drill programme would begin shortly on the 65 kilometre gold trend that it had discovered in the Longford-Down Massif in Ireland.
Solid strategy pushes NAV higher at GCP Student Living
Student residential asset investor GCP Student Living reported an increase in the value of its property portfolio in its half-year report on Wednesday, to £841. 5m from £739. 6m a year earlier.
Kingfisher plots CEO succession as profits continue to wane
Kingfisher has begun the search for a new chief executive after a year when the DIY retailer's profits fell less than expected.
Julia Hubbard appointed full-time finance chief at 7digital
Digital music solutions provider 7digital has appointed Julia Hubbard as its new full-time chief financial officer, it announced on Wednesday.
Diurnal Group upbeat following FDA meeting over 'Alkindi'
Specialty pharmaceutical company Diurnal Group announced on Wednesday that, following a “positive” meeting with the US Food and Drug Administration (FDA), it intended to submit a new drug application (NDA) for ‘Alkindi’ (hydrocortisone granules in capsules for opening) in the fourth quarter of 2019 as previously planned, with final acceptance of the filing by the FDA expected in 2020.