News And Announcements
Shell set to unveil job losses - report
Royal Dutch Shell is reportedly close to announcing potentially thousands of job cuts as it responds to the global slump in oil prices and looks to reposition itself as a green energy provider.
Enteq 'satisfied' with pivot from US shale since year-end
Energy services technology and equipment company Enteq reported a “satisfactory” trading recovery from the mid-March 2020 oil price slump and the effects of Covid-19 in a trading update on Tuesday.
Westminster Group wins security contract for Houses of Parliament
Managed security services and technology company Westminster Group announced on Tuesday that its technology division has been awarded a contract to replace and maintain the security screening equipment at the Palace of Westminster, together with the provision of other ancillary services at Parliament.
Avingtrans subsidiary wins HS2 door supply contract
Energy and medical equipment and systems company Avingtrans announced on Tuesday that its wholly-owned subsidiary Booth Industries has secured a multi-year contract worth £36m to supply cross-passage doors for the HS2 rail link.
Ariana Resources makes progress on Ozaltin joint venture
Exploration and development company Ariana Resources updated the market on its proposed new joint venture with Ozaltin Holding and Proccea Construction on Tuesday.
Momentum strengthens further for IMImobile
IMImobile said on Tuesday that, since its update in July, momentum had strengthened further.
Restructuring and Covid costs behind losses at Chamberlin
Castings and engineering company Chamberlin said on Tuesday that sales for the year ended 31 March were expected to be £26. 1m, down from £33m year-on-year.
IATA downgrades 2020 forecasts after 'worst-ever' summer
The International Air Transport Association has cut its traffic forecasts for 2020 after a “dismal” end to the northern hemisphere’s summer travel season.
Smith & Nephew to buy Integra LifeSciences' extremity orthopaedics business
Smith & Nephew has agreed to buy the extremity orthopaedics business of Integra LifeSciences for $240m.
Synectics lowers guidance as casino sector struggles
Security and surveillance technology company Synectics updated the market on its trading on Tuesday, reporting that the Covid-19 pandemic had continued to impact activity across all of its markets, but had particularly affected its largest market sector, global casinos and gaming.
Aviation group Menzies expects revenues to level-off, free cash flow quadruples
Aviation support services John Menzies saw sales fall by a third and deep losses at the half-year stage, but predicted that top-line growth was set to level off over the backhalf of 2020 while profitability was set to benefit from "more significant contributions from various government support programmes".
Card Factory swings to a half-year loss
Card Factory became the latest retailer to reveal a tumble into the red on Tuesday, after Covid-19 shut stores and dented trading during key periods, including Mother’s Day and Easter.
Covid-19 pushes Hotel Chocolat into the red
Hotel Chocolat Group swung to a full-year loss, the chocolatier confirmed on Tuesday, after the Covid-19 pandemic closed stores over the key Easter period.
AA extends takeover deadline, interim revenues stall
The AA has extended a deadline for takeover talks, the breakdown and insurance specialist confirmed on Tuesday, as it reiterated full-year guidance despite a slide in interim revenues and profits.
Tesco sets sales for plant-based meat substitutes at 300%
Tesco is set to become the first UK retailer to set sales targets for meat alternatives that are plant-based.
Burford Capital on final approach to NYSE dual listing
Law-focussed finance and asset management firm Burford Capital announced on Tuesday that the US Securities and Exchange Commission (SEC) has completed its review of its Form 20-F registration statement in preparation for its dual listing on the New York Stock Exchange.
ScS swings to FY loss but reports sales surge after lockdown
Sofa chain ScS swung to an annual loss due to the coronavirus lockdown, but reported a huge rise in sales at the end of the financial year as measures were eased.
Pendragon narrows losses in tough first half
Pendragon reported a 43. 4% fall in like-for-like group revenue in its first half on Tuesday, to £1. 22bn.
Greencoat UK Wind £400m capital raise oversubscribed
Greencoat UK Wind, the UK's leading listed fund investing renewables raised £400m gross in fresh capital via an oversubscribed capital raise.
St Modwen appoints Sarwjit Sambhi as CEO
St. Modwen Properties has appointed Sarwjit Sambhi as its new chief executive officer with effect from 2 November.