News And Announcements
IPF collections, lending increase as Covid-19 lockdowns lifted
Doorstep lender International Personal Finance said it collected more money in June and started to offer more credit as coronavirus lockdowns in Europe were lifted.
High street shows green shoots of recovery despite slide in footfall
Shopping habits started to show tentative signs of recovery in June as lockdown measures were eased, industry data showed on Friday.
Angus Energy strikes gas construction deal with National Grid
Angus Energy updated the market on progress made on its interests at Saltfleetby on Thursday, reporting that its wholly-owned subsidiary Angus Energy Weald Basin No. 3 has entered into a gas construction agreement with National Grid.
Allergy Therapeutics pleased with invalidation of B301 trial data
Biotechnology company Allergy Therapeutics announced the outcome of scientific advice from the German Regulatory Authority, the Paul Ehrlich Institute (PEI), over invalidation of the primary endpoint data of the Birch MATA MPL pivotal phase 3 clinical trial, or ‘B301’, on Thursday.
Job losses mount after Sunak's summer statement
Less than 24 hours after Rishi Sunak unveiled his "plan for jobs", Boots, John Lewis and Burger King announced about 7,000 potential job cuts, raising fears about surging unemployment as the Covid-19 crisis takes its extended toll.
Eurostar looks to cut pay costs as rail union calls for govt support
UK rail unions called on the government to protect jobs at cross-channel rail operator Eurostar as the firm looked to cut payroll costs to deal with the impact of the coronavirus pandemic on services.
Shares rally as SAP reports better-than-expected quarter
Shares in SAP rallied on Thursday after the German software giant reported a better-than-expected set of second-quarter figures.
Advanced Medical Solutions expects Covid impact to tail off through second half
Advanced Medical Solutions Group updated the market on its trading on Thursday, reporting “significant progress” in a number of areas, despite the adverse impact of Covid-19.
John Lewis to close eight stores, putting 1,300 jobs at risk
Up to 1,300 jobs were put at risk on Thursday after the John Lewis Partnership confirmed it would not reopen eight stores post coronavirus lockdown.
Gleeson looks to the future after seeing home sales slide 30%
MJ Gleeson saw home sales slide by nearly a third last year but insisted on Thursday that its land pipeline and forward order book remained strong.
DX joins Covid-19 testing logistics consortium
Logistics provider DX announced on Thursday that its DX Express division has joined a consortium of UK parcel delivery providers, to manage the nationwide collection and delivery of Covid-19 home-testing kits.
Boots to cut more than 4,000 jobs due to pandemic
It was another grim day for the retail sector as pharmacy chain Boots joined department store John Lewis in announcing a round of job cuts due to the coronavirus pandemic.
Belvoir to take over the Nottingham's estate agent services
Estate agent franchise Belvoir Group has entered into a strategic alliance with the Nottingham Building Society, it announced on Thursday.
Vistry revenue slumps but sees second half recovery
Vistry reported a slump in first half housebuilding revenue but pointed to a second half recovery on the back of improving demand as the coronavirus lockdown eased.
GVC rallies after upping investment in joint venture BetMGM
Ladbrokes owner GVC Holdings rallied on Thursday after agreeing with joint-venture partner MGM Resorts to increase investment in its US sports betting and online gaming business.
Lockdown causes fee income to tumble at Robert Walters
Robert Walters reported a slump in fee income on Thursday after the Covid-19 pandemic and subsequent lockdown weighed heavily on the recruiter.
DWF shares soar on positive trading statement
Legal business DWF reported higher revenue and core earnings in the first two months of its financial year driven by acquisitions and cost cutting, boosting shares in the firm on Thursday.
Carnival to restart Aida cruises with no foreign stops
Carnival said its German Aida cruise line would restart voyages earlier than expected from August after almost five months of shutdown.
Toople interim losses widen but revenues grow
Toople, which provides telecoms services to SMEs, reported a widening of its interim losses on Thursday as it took a hit from restructuring costs, but a jump in revenue.
Boohoo surges after agencies find no modern slavery
Boohoo shares jumped after UK authorities found no evidence of modern slavery in its supply chain and investors bet the company would recover from allegations about treatment of workers in factories.