News And Announcements
BioVision acquisition helps lift Abcam in 2021
Life science supplier Abcam said in a trading update on Thursday that it expected total revenues of around £315m for 2021, representing growth of more than 22% at constant exchange rates, and 17% on a reported basis.
UK insurer First Central said to be considering £600m sale
UK insurer First Central is reportedly considering a sale that could value the business at about £600m.
Idox reports solid growth following content disposal
Information management software company Idox reported revenue from continuing operations of £62. 2m in its final results on Thursday, up 9% year-on-year, which included a 5% organic increase.
Dotdigital performs in line with expectations in first half
Marketing software-as-a-service (SaaS) company Dotdigital said in a trading update on Thursday that it was expecting a first half performance in line with full-year market expectations.
Jadestone Energy meets 2021 production guidance
Asia-Pacific oil and gas production company Jadestone Energy reported average 2021 production of 12,545 barrels of oil equivalent per day in a trading update on Thursday, in line with expectations and its guidance range.
Strix net debt widens as it combats price rises
Kettle safety and water technology company Strix reported positive second half momentum in a trading update on Thursday, having achieved 30% revenue growth on a constant-currency basis, and profit after tax in line with market expectations for 2021.
Hong Kong competition authorities to probe Deliveroo
Hong Kong's competition authorities are to investigate Deliveroo and its local rival Foodpanda, it was announced on Thursday.
File-sharing company WeTransfer cancels IPO plans
File-sharing company WeTransfer announced on Thursday that it no longer plans to list on the Amsterdam Stock Exchange.
Trading in Unbound to get underway on AIM
Unbound has confirmed it will transfer to the London Stock’s Exchange’s junior market early next week.
Increased pet ownership sees demand rise at CVS Group
Veterinary service provider CVS said in a trading update on Thursday that its first half revenue was up 11. 4% year-on-year to £273. 7m, with underlying revenue growth coming in at 13. 2%.
Mortgage Advice Bureau flags strong 2021 revenue growth
Mortgage Advice Bureau said in a trading update on Thursday that it was expecting revenue for 2021 to be 27% higher year-on-year at around £188m, despite the regulatory approval of new appointed representative firms taking longer than in previous years.
Retail sales fall as Omicron restrictions hit home
Retail sales slipped below seasonal norms in January, an industry survey showed on Thursday, as the rapid spread of Omicron hit trade.
Keywords Studios hikes guidance further amid 'buoyant' market
Keywords Studios increased its guidance for full-year trading on Thursday, amid high levels of demand in a strong video games market.
TSB swings to full-year profit
TSB Bank said on Thursday that it swung to a full-year profit, underpinned by record mortgage lending and an improved economic outlook.
Revenue grows, EBITDA loss widens for ITM Power
Energy storage and clean fuel technology company ITM Power reported revenue of £4. 2m in its interim results on Thursday, up from £0. 2m year-on-year, with that prior year figure reflecting the impact of Covid-19 issues in 2020.
Speedy Hire launches £30m share buyback as revenue grows further
Tools and equipment rental provider Speedy Hire said in a trading update on Thursday that the positive trading momentum in its first half continued into the third quarter, including further contract wins and renewals.
3i reports 'resilient' third-quarter performance
3i Group reported a total return of more than 32% on Thursday, following a “resilient” performance across its investment portfolios.
CMA launches probe into music streaming market
The competition watchdog has formally launched an investigation into the UK’s music streaming market.
IPM acquisition underpins NCC revenue, earnings per share weaker
Cybersecurity specialist NCC Group reported 14. 7% growth in revenue at constant currency in its first half on Thursday, or 10. 7% at actual rates, to £150. 1m, driven by its acquisition of IPM.
Fevertree shares run out of fizz on margins warning
Shares in Fevertree Drinks plunged on Thursday after the company said margins would be hit harder than expected due to higher costs and logistics issues.