News And Announcements
Manchester United scores revenue record but warns on season ahead
Manchester United reported record annual revenues on Tuesday but warned that it expected revenue and profit to fall in 2019-20, after the team failed to qualify for the Champions League.
Botswana Diamonds signs mining and processing deal over Marsfontein
Botswana Diamonds announced on Tuesday that, together with its associate Vutomi, in which it has a 40% interest, it has signed a contract mining and processing agreement with Eurafrican Diamond Corporation (EDC) to mine and process the diamond-bearing gravels and residual stockpiles on a portion of the Marsfontein farm.
Ilika opens new large-format battery facility in Hampshire
Solid-state battery technology developer Ilika has opened its new large format battery facility - the ‘Goliath Pre-Pilot Line’, (GPPL) - it announced on Tuesday, for the development and initial production of solid-state batteries in Hampshire.
Plexus technology enters service with Gazprom
Oil and gas engineering services business Plexus Holdings announced on Tuesday that its Russian licensee Gusar has successfully installed the first wellhead for Gazprom as part of the previously-announced contract to supply ‘POS-GRIP’ rental wellhead gas exploration equipment to the Russia-based energy giant.
Volkswagen executives charged over emissions scandal
Criminal charges have been brought against three current and former executives of Volkswagen over the emissions scandal.
Shares tumble after M&C Saatchi warns on profits
Shares in M&C Saatchi tumbled on Tuesday after the advertising agency warned on full-year profits.
BlackBerry swings to loss, misses revenue expectations
Shares in BlackBerry slumped in pre-market trade on Tuesday as the security software provider swung to a second-quarter loss, missed revenue expectations and downgraded its annual revenue guidance.
AG Barr profits drop as higher prices, disappointing weather dent sales
Irn-Bru maker AG Barr posted a drop in interim profit on Tuesday as revenues took a hit from higher prices, disappointing weather and brand challenges.
Accounting watchdog mulling investigation of Thomas Cook collapse
The UK's accounting watchdog is mulling an investigation into the collapse of travel firm Thomas Cook.
Everyman Media revenue rises, profit drops as expansion continues
Premium cinema group Everyman Media reported a rise in interim revenue but a drop in pre-tax profit on Tuesday as it expanded its estate.
Kromek awarded two extension contracts worth £1.6m
Medical, security screening and nuclear detection technology provider Kromek has been awarded two extension contracts relating to its ‘D3S’ family of products and technologies designed to counter nuclear terrorism, it announced on Tuesday.
Serica Energy swings to solid cash inflow in first half
Serica Energy reported an operating cash inflow of £89. 8m in its first half on Tuesday, swinging from an outflow of £5. 3m year-on-year.
DP Poland sees system sales improve 10pc in first half
DP Poland reported a 10% increase in system sales in its first half on Tuesday, to PLN 41m (£8. 25m), which the board said included the three highest monthly levels of system sales for the group to date.
Ten Entertainment earnings rise as it continues to expand
Family entertainment centre operator Ten Entertainment Group reported a 9. 6% improvement in total sales in its first-half results on Tuesday, to £41. 4m, with its like-for-like sales growth rising to 7. 4% from 3. 1% year-on-year.
Getech revenue falls as it restructures geoscience services
Getech Group reported first half revenue of £2. 5m in its interim results on Tuesday, which was £0. 4m lower than the same period in 2018, which the board put down to the restructuring of its geoscience services.
Europa Oil & Gas working to clarify Taoiseach comments on exploration
UK, Morocco and Ireland-focussed oil and gas exploration, development and production company Europa Oil & Gas Holdings responded to an announcement at the UN Climate Action Summit by Ireland’s Taoiseach Leo Varadkar, which stated his government’s intention to phase out oil exploration licences in the future.
AA interim profit rises as membership numbers stabilise
Roadside assistance company and insurer AA reported a rise in interim profit and revenue on Tuesday as the roadside business saw a stabilisation in membership numbers.
Metro Bank shares tumble on pulled bond sale
Shares in Metro Bank fell heavily on Tuesday after the under-pressure challenger lender pulled a £250m bond sale.
Moss Bros bins dividend as loss widens
Moss Bros scrapped its interim dividend on Tuesday as it reported a widening of its losses and a drop in gross margin.
Third of UK bank branches closed in past five years
A third of all UK bank and building society branches were closed in the past four and a half years, according to research by consumer group Which?.