News And Announcements
Tyman reports weak trading as North American markets slow
Tyman said on Thursday that business in 2019 was weaker than expected as US and Canadian housebuilding slowed.
Senior roles at risk as Charles Stanley looks to streamline business
Wealth manager Charles Stanley has announced plans to cut senior management roles as it looks to streamline the business.
Superdry warns on profit amid 'weak' trading
Fashion brand Superdry warned on Thursday that full-year pre-tax profit would fall short of market expectations as its trading performance continues to be weak, just weeks after founder Julian Dunkerton returned to the company.
Debenhams fails to find a buyer; banks retain control
Debenhams has failed to secure a buyer, meaning the consortium of banks that control the struggling department store chain will retain ownership.
Medica hires Synlab's Stuart Quin as next CEO
Medica Group has recruited Stuart Quin from Synlab as the teleradiology reporting company’s next chief executive.
Interactive Investor not planning to bid for Share
Investment platform Interactive Investor has said it does not plan to make an offer for Share Plc, the owner of The Share Centre.
Beeks acquires Commercial Network Services assets in $1.4m deal
Cloud computing and connectivity provider Beeks Financial Cloud Group has acquired the assets of US-based online service provider Commercial Network Services (CNS) for a total consideration of up to $1. 4m, it announced on Thursday.
Highlands upbeat on progress with oil, gas and cannabis
Highlands Natural Resources updated the market on progress at its East Denver project and Zoetic Organics on Thursday, reporting that at East Denver, combined oil production from the eight producing wells was currently about 2,700 barrels of oil per day, with combined gas production sitting at 4,000 million cubic feet per day.
REC Silicon operates 'far below' potential amid trade tensions
REC Silicon reported first quarter revenues of $45m, it announced on Thursday, compared to $48. 9m in the fourth quarter of 2018.
Acacia shines in April; seeks clarity on Barrick CEO Tanzania comments
Acacia Mining reported a jump in April gold production, boosted by a 54% increase in output from its North Mara gold mine in Tanzania.
IMI's Q1 revenue falters amid 'mixed' trading conditions
IMI reported a drop in first-quarter revenue on Thursday as the company said it suffered a continuation of the mixed trading conditions experienced in the final quarter of 2018.
Derwent says demand is strong for London properties
Derwent London said demand for its properties was strong as rental income at the real estate investment trust increased.
Intu Properties appoints Dushyant Sangar as chief investment officer
Shopping centre owner Intu Properties has appointed Dushyant Sangar as its new chief investment officer.
3i Infrastructure shares up as firm turns in 'strong' portfolio performance
3i Infrastructure described its portfolio performance as “strong” in its full-year results on Thursday, with a 15. 4% total return on opening net asset value, falling from 28. 6% in 2018.
Wood Group secures billion-dollar, 20-year contract with Sellafield
Wood Group has secured a new contract worth up to $1bn to provide engineering design services to Sellafield over the next 20 years, it announced on Thursday.
Melrose co-founder David Roper to leave, trading in line
Turnaround specialist Melrose Industries said on Thursday that long-standing executive David Roper plans to step down, as it reported an in-line performance for the first four months of its trading year.
RSA Insurance premiums rise as Canada shines
RSA Insurance posted a 3% rise in first-quarter net written premiums on Thursday, driven largely by solid performances in Canada and Scandinavia.
National Express revenue growth accelerates as all divisions pitch in
National Express on Thursday reported accelerated revenue growth across the board for the year to date, building on last year's performance and remaining in line to hit revenue, profit, free cash flow and leverage targets for the year.
Rathbone Brothers funds under management grow, organic growth stalls
Wealth manager Rathbone Brothers posted a rise in funds under management on Thursday but revealed a lower-than-expected level of organic growth in its investment management business during the first quarter due to muted investor demand.
Barratt sees FY 'modestly ahead' of expectations
Housebuilder Barratt Developments on Thursday said it expected full year results to be “modestly” above expectations.