News And Announcements
UK Ministry of Defence to pay £10m to Serco in settlement
Service company Serco has reached a settlement with the UK Ministry of Defence and will be payed £10m in exchange of withdrawing the legal challenge.
Capita signs £525m fire and rescue service contract with MoD
FTSE 250 outsourcer Capita has signed a £525m fire and rescue service contract with the Ministry of Defence.
Audioboom narrows losses as it concentrates on high-margin content
Podcast production and distribution company Audioboom reported a 171% improvement in revenue in its half-year results on Thursday, to $9. 8m.
Scotgold takes 'hard decision' to terminate Pomar licence
Scotgold has decided not to extend the Pomar Exploration Licence in Portugal, it announced on Thursday, and has applied to the Director General of Energy and Geology (DGEG) to terminate the licence.
Coro Energy renegotiates Bulu acquisition deal
South east Asia-focussed upstream oil and gas company Coro Energy has renegotiated the terms of the proposed acquisition of a 42. 5% interest in the Bulu production sharing contract, offshore East Java, which contains the Lengo gas field, it announced on Thursday.
Eve Sleep slashes H1 losses but warns on full-year revenue
Mattress maker Eve Sleep said on Thursday that it has slashed its first-half losses but cautioned that revenue for the year is likely to miss its expectations.
Edenville Energy makes good progress at new northern mining area
Tanzania-focussed coal developer Edenville Energy updated the market on current mining operations at its flagship Rukwa Coal Project on Thursday, reporting that coal mining had now started in the new northern mining area, following the overburden stripping and exposing of coal.
OptiBiotix signs UK online distribution deal woth BioEnergiser
OptiBiotix Health has signed an agreement with BioEnergiser for the online distribution of ‘SlimBiome Medical’ in the UK, it announced on Thursday.
Vodafone gets EU approval for Liberty Global deal
The European Union has approved Vodafone's €18bn bid for Liberty Global's cable networks in Germany and central Europe.
Stonegate to buy EI Group for £1.3bn
Pub company EI Group saw its shares rocket on Thursday as it agreed to be bought by Slug & Lettuce owner Stonegate for £1. 3bn.
SAP's Q2 operating profit falls short of expectations
German software company SAP was under pressure on Thursday as its second-quarter operating profit missed analysts' expectations.
Revenue and profit rise in first half for Jarvis Securities
Jarvis Securities reported a 9% improvement in revenue in its half-year results on Thursday, to £0. 43m.
SRT Marine swings to profit as it works on pipeline conversion
Maritime surveillance, monitoring and management systems provider SRT Marine Systems reported a 286% improvement in revenue in its final results on Thursday, to £20. 6m.
Kavango receives Ditau Camp assays back from lab
Exploration company Kavango Resources confirmed on Thursday that the assay results from the two holes drilled at the Ditau Camp prospect had been received from Genalysis Laboratories in Australia.
Nuformix narrows losses as it progresses clinical programmes
Nuformix reported total revenue of £0. 61m in its final results on Thursday, rising from £0. 02m in the prior year, with the company swinging to a gross profit of £0. 07m, from a loss of £0. 19m.
Asos tumbles after another profit warning
Asos shares tumbled on Thursday as the online fashion retailer warned on profits again, pointing to issues at its new warehouses in Europe and the US.
Tertiary Minerals sells 31.5 million shares in Sunrise
Tertiary Minerals announced on Thursday that it has sold 31. 5 million shares in Sunrise at a price of 0. 08p per share, for a total consideration of £25,200.
Fox Marble suspends operations at Malesheva amid acquisition dispute
Kosovo-focussed marble quarrying and processing company Fox Marble has suspended operations in its Malesheva quarry, it announced on Thursday, pending a resolution to the dispute with its acquisition target Green Power and Scope, as it disclosed on 26 June.
GVC to dispose of Spanish joint venture
Gaming group GVC Holdings has agreed to dispose of its 50% interest in Spanish business Sportium Apuestas Deportivas to its joint venture partner, Cirsa.
Hilton Food trading in line despite Dutch revenue dip
Hilton Food Group said on Thursday that trading in the first half of its financial year has been broadly in line with expectations, with a slight dip in turnover from the Netherlands offset by "strong double-digit growth" in Australia and good progress in Western Europe at large.