Company News
Bio-med division pushes revenue higher for BATM
BATM Advanced Communications said on Wednesday that its interim pre-tax losses had increased despite a bump in revenue over the first half of the year.
PureTech posts bigger loss despite increase in revenue
PureTech Health, a clinical-stage biopharmaceutical company, announced on Wednesday that although it reported a widened interim loss, significant progress was made in its pipeline of clinical, pre-clinical and discovery-stage programmes leaving it confident of a turnaround in the immediate future.
HSS Hire tanks as it warns on revenue, interim losses grow
Shares in HSS Hire tanked on Wednesday after the tool and equipment hire company warned that year-on-year revenue growth in the current quarter will see a "materially lower" level of improvement than expected at the start of the first half.
Ofgem challenges National Grid's Hinkley Point costs
Ofgem said on Wednesday that it is challenging National Grid's £840m proposed costs to upgrade the high-voltage grid needed to connect to the new Hinkley Point C nuclear power station.
Grainger director Nick Jopling to step down
Executive director Nick Jopling will step down from the board of residential landlord Grainger at the end of next month and will leave the group at the end of the year.
Aura brings projected costs down at Tiris Uranium Project
Aura Energy announced on Wednesday that, following ongoing metallurgical optimisation and modelling, particularly around the leach reagent recycle and consumption, the operating cost for the Tiris Uranium Project had been reduced by an estimated 35%.
Oman to invest in Berkeley Energia's Salamanca mine
Oman's sovereign wealth fund has agreed to invest up to $120m to fully fund Berkeley Energia's Salamanca uranium mine into production.
Lighthouse agrees new contract with The Social Workers Union
AIM-listed Lighthouse has agreed a new 18-month contract to be the preferred provider of financial advice to members of The Social Workers Union.
Petrofac shifts down dividend but order book offers comfort
Petrofac cut its first half dividend by 42% as part of a new policy from the oil and gas services provider to slim the business as net profits slipped 4% amid ongoing low commodity prices.
Thor provides update on Pilot Mountain project
AIM-listed resources company, Thor Mining announced on Wednesday it had identified several copper bearing chalcopyrite intervals at its Pilot Mountain tungsten project located in Nevada.
First half shapes up nicely for The Gym Group
The Gym Group reported a 76% jump in first-half pre-tax profit on Wednesday as revenue rose amid strong growth in membership.
Co-op enters exclusive takeover talks with Nisa
Nisa Retail has given Co-op Group time to conduct exclusive due diligence as the two sides look to agree a takeover of the member-owned convenience store group.
Starcom appoints new CFO, wins orders from CropX
AIM-listed Starcom announced the appointment of a new chief financial officer on Wednesday and said it has reached an agreement with CropX for the supply of a number of units based on the technology of Kylos Air.
WH Smith expects to hit full year targets as first Italian shops open
WH Smith said results for the year to the end of August should hit target and that it continues to see further opportunities for international growth in via the airport market.
James Fisher interims flat; sees stronger growth in H2
Half year pre-tax profits at marine service provider James Fisher were flat at £17. 6m from £17. 4m with the company indicating stronger growth for the second half of the year.
IP Group subsidiary pleased with arthritis drug progress
Intellectual property-based business IP Group noted on Wednesday morning that Istesso, formerly Modern Biosciences, has announced new data from a cohort of patients dosed as part of a phase 1 study of MBS2320, its investigational drug for the treatment of rheumatoid arthritis.
Dunelm's John Browett steps down for 'personal reasons'
Homewares retailer Dunelm Group announced on Wednesday that John Browett will be stepping down as chief executive for personal reasons, with immediate effect.
Workspace disposes of Zennor Road estate for £30m
Workspace has exchanged contracts for the disposal of Zennor Road Industrial Estate in Balham, London, for £30m.
Hansteen sells Ringwood estate for £7.06m
UK and continental Europe-focussed industrial property investor Hansteen Holdings announced the sale of Carvers Trading Estate in Ringwood, north east of Bournemouth on Wednesday for £7. 06m, reflecting a net initial yield of 4. 93% and a capital value per square foot of £137.
Spectris sells Microscan unit for £123m; funds to cut debt
Instrumentation and controls company Spectris said it was selling its Microscan Systems unit to Omron Corporation for $157m (£123m) in cash.