News And Announcements
Ocado unveils its new Smart Platform
Ocado's shares found a bid after the online grocer unveiled its new logistics platform.
European court overturns Intel's €1.06bn antitrust fine
A senior European Union court has ruled in favour of Intel in the latest round of the chipmaker’s 12-year legal battle with EU antitrust regulators.
Concurrent launches new location product for 'electronic warfare'
Embedded computer board designer and manufacturer Concurrent Technologies announced a new ‘plug-in-card’ (PIC) product on Wednesday.
Power Metal confirms start of diamond drilling at Haneti
Exploration company Power Metal Resources updated the market on its inaugural diamond drilling programme on the nickel-copper-cobalt-platinum group element Haneti Project in central Tanzania on Wednesday.
Ixico extends commitment to Dementias Platform UK
Data analytics company Ixico has extended its commitment to Dementias Platform UK (DPUK), it announced on Wednesday, as it entered its second phase.
Restore ends strong year ahead of previous expectations
Information and document management company Restore said in a trading update on Wednesday that it generated strong trading momentum across the group through the final quarter, delivering 2021 performance ahead of its previous expectations.
Uniphar ends year with lower-than-expected debt levels
Healthcare services company Uniphar said in a trading update on Wednesday that it performed in line with its own expectations for 2021, at both a gross profit and EBITDA level, with strong reported free cash flow conversion resulting in lower-than-projected net debt.
Warehouse REIT reports good momentum since October
Warehouse REIT said in a trading update on Wednesday that, since 1 October, it had completed 12 new lettings and 10 lease renewals across 141,400 square feet of space.
Renew trading in line in first quarter
Engineering services company Renew said in an update on Wednesday that trading in its first quarter was in line with the expectations of its board.
Boeing cash flow positive in Q4, misses on revenue and earnings
Boeing announced positive cash flow for the first time since 2019 in its fourth quarter results on Wednesday, but still missed market expectations on revenue and losses per share.
JP Morgan ups rating on Intertek to 'overweight'
JP Morgan has upped its recommendation on Intertek Group to ‘overweight’, arguing that its current valuation was unjustified relative to its peers.
Forterra launches buyback following 'strong' 2021
Masonry specialist Forterra announced a £40m share buyback on Wednesday, after strong demand throughout 2021 boosted both revenues and cash.
Regulator to probe National Express-Stagecoach merger
The competition watchdog is to investigate the proposed £1. 9bn merger of National Express and Stagecoach, it was confirmed on Wednesday.
Deltex Medical wins key Americas contract
Deltex Medical said on Wednesday that it has received a $200,000 order from a key distributor in the Americas for the current generation TrueVue monitors.
Pets at Home upgrades full-year profit expectations
Pets at Home upgraded its full-year profit expectations on Wednesday following "continued growth momentum" in the third quarter.
Revolution Beauty reports strong trading over Christmas period
Revolution Beauty Group reported strong sales over the Christmas trading period on Wednesday, with revenues over November and December rising 41% year-on-year on an underlying basis.
Bloomsbury set to end year ahead of market consensus
Bloomsbury Publishing said in a trading update on Wednesday that it expected revenue to be “comfortably ahead” and profit “materially ahead” of market expectations for the year ending 28 February.
Tullow Oil FY group working interest oil production averages 59,200 barrels per day
Exploration firm Tullow Oil said on Wednesday that group working interest oil production averaged 59,200 barrels of oil equivalent per day, in line with guidance, with notable production growth from its Jubilee field in Ghana and the Simba field in Gabon offsetting lower than expected production from its TEN and Espoir assets.
Quilter ends strong year with solid fourth quarter
Quilter reported a strong final quarter of 2021 in a trading update on Wednesday, with a “substantial” improvement in year-on-year net flows.
IG Design warns over full-year earnings
IG Design tumbled on Wednesday after it warned that full-year earnings would be "significantly" below market expectations and that there would be no final dividend, citing higher costs and lower craft sales in the final quarter.