News And Announcements
Citi's second quarter earnings beat analysts' forecasts
US banking group Citi reported second-quarter earnings ahead of analyst expectations on Monday, despite a fall in investment banking revenues.
Motif Bio submits meeting request to FDA over iclaprim situation
Clinical-stage biopharmaceutical company Motif Bio has submitted a meeting request and package to the US Food & Drug Administration (FDA) related to its lead product candidate ‘iclaprim’, it said on Monday.
Portmeirion buying US homewares firm Nambe in $12m deal
Homewares manufacturer and distributor Portmeirion Group announced the acquisition of US based premium homewares business Nambé on Monday, for a cash consideration of $12m.
Geographic diversity providing stability for Hydrogen Group
Specialist recruitment company Hydrogen Group updated the market on its trading for the six months ended 30 June on Monday, reporting that it had continued to trade in line with its expectations.
Spectra Systems signs on European lottery customer, renews with US operator
Banknote authentication and brand protection specialist Spectra Systems Corporation has been selected by an unnamed “major” European lottery to provide its ‘Premier64 Integrity’ internal control system (ICS), it announced on Monday.
Morgan Stanley sounds note of caution over tobacco in otherwise upbeat HPC review
Morgan Stanley has backed the household, personal care and cosmetics sector – but sounded a note of warning about tobacco companies.
Circor shares tumble as Crane says it won't extend offer deadline
Circor shares slumped on Monday after Crane Co said it would not extend its offer for the US flow control technology company if there is no "substantive engagement" this week.
Peugeot sees global car sales slide
PSA Group saw sales stall in the first half of the year, after demand faltered in China and the French company was forced to pull out of Iran.
Real Good Food promotes cake decoration boss to group CFO
Diversified food business Real Good Food has promoted the finance director of its cake decoration division, Maribeth Keeling, to the role of group chief financial officer with immediate effect.
Ogden rate change dents insurers
London-listed insurers were under pressure on Monday after the Ministry of Justice said it was changing the Ogden discount rate used to calculate compensation for personal injuries to -0. 25% from -0. 75%.
Travis Perkins ramps up plans to spin off Wickes - report
Builders’ merchant Travis Perkins has reportedly accelerated plans to offload its struggling Wickes DIY chain.
Micro Focus slumps as chairman dumps shares
Micro Focus slumped on Monday as it emerged that chairman Kevin Loosemore sold 650,000 shares in the business last week, pocketing £11. 6m.
Egdon Resources issues positive update from Biscathorpe-2
Egdon Resources issued what it called a “positive update” on Monday on the Biscathorpe-2 exploration well drilled at Petroleum Exploration and Development Licence PEDL253, located in Lincolnshire, where it held a 35. 8% interest.
Core UK bakery business underpins sales at Finsbury Food
Finsbury Food posted a jump in full-year sales on Monday thanks to strength in its UK bakery division.
Alpha Growth achieves 'several milestones' in second quarter
Financial services specialist Alpha Growth released a quarterly update on Monday, reporting that through the second quarter it achieved “several” milestones, and continued to advance its other strategies.
Sports Direct delays results, warns on guidance
Sports Direct said it was delaying the publication of its preliminary results as it pointed to the "complexities" of integrating House of Fraser and warned that the guidance given back in December could be "materially" affected.
Location Sciences ropes in Andy Roberts to strengthen advisory panel
Location data verification and analytics provider Location Sciences announced the appointment of Andy Roberts to strengthen its advisory panel on Monday.
Providence agrees another extension as APEC submits Barryroe payment
Ireland-based energy company Providence Resources released a commercial and operational update in relation to Standard Exploration Licence 1/11 on Monday, which contains the Barryroe oil accumulation.
Grainger starts work on latest Leeds investment
Landlord Grainger has started work on its latest investment in Leeds after satisfying certain contractual conditions.
Tertiary Minerals reports two target zones for zinc-silver at Paymaster
Tertiary Minerals advised on Monday that initial follow-up field reconnaissance of soil anomalies at its recently-acquired Paymaster Polymetallic Project in Nevada had identified two zones of zinc-silver mineralisation for follow-up exploration and drilling.