Company News
Global Invacom approved to supply major US satellite broadcaster
Satellite communications equipment provider Global Invacom Group has received approval from one of its largest customers, an unnamed US satellite TV broadcaster, to supply a new triple-feed low noise block (LNB) product covering the western United States region, it announced on Wednesday.
ULS launches new conveyancing service for Magellan Homeloans
Conveyancing and financial intermediary business-to-business platform provider ULS Technology announced the launch of a new conveyancing service developed for the mortgage lender Magellan Homeloans on Wednesday.
Trivago shares tank on profit warning
Trivago shares tanked in pre-market trade on Wednesday after the hotel search site warned that its results for the third quarter and full year would be below previous expectations.
Bell Pottinger on the market as clients leave in droves
After being suspended from the Public Relations and Communications Association (PRCA) on Tuesday as a result of an investigation into its questionable work on an advertising campaign that stoked racial tensions throughout South Africa for Oakbay Capital, Bell Pottinger began to lose major clients on Wednesday.
Hornby warns over full-year performance
AIM-listed model train set maker Hornby warned over its full-year performance on Wednesday as trading in the financial year to date has been behind the board's expectations due to increased competition and weaker demand over the summer.
Frontera begins workover at Georgian well
AIM listed oil and gas group Frontera Resources said on Wednesday it had begun mobilisation of a work-over rig to its Ud-2 well on the Mtsare Khevi onshore gas complex in Georgia.
Harworth posts another double digit NAV increase
Harworth Group said on Wednesday that its net asset value (NAV) per share had increased 12% to 117. 4p since 30 June 2016.
Micro Focus hails higher profits at HPE Software
UK based software company Micro Focus International confirmed third quarter results for HPE Software, the HP Enterprise unit with which it has just merged, which displayed a softer revenue but improved operating margins.
Aukett Swanke's Adelphi refurb a winner with tenants
Aukett Swanke Group said on Wednesday that the 326,000 sq ft Adelphi Building, on the north bank of the Thames in London's West End, had been fully let shortly after the completion of a five year phased refurbishment programme led by the company.
ReNeuron makes solid progress with drug candidates
Cell-based therapeutic development company ReNeuron Group updated the market on its current trading on Wednesday, as investors gathered for its annual general meeting.
Synairgen upbeat on recent LOXL2 inhibitor findings
Respiratory drug discovery and development company Synairgen announced on Wednesday that, following the successful completion of preclinical pharmacology and toxicology studies, a compound from its anti-fibrotic Lysyl Oxidase type 2 (LOXL2) inhibitor programme - PXS-5382A - was being prepared to commence Phase I clinical development.
Vectura's growing recurring revenues cushion blow of bigger loss
Respiratory drug device specialist Vectura reported a wider first-half loss as its revenues moved towards recurring sources amid fewer milestone payments.
WPP takes minority stake in US podcasting group Gimlet Media
Advertising giant WPP said on Wednesday that it is investing $5m for a minority stake in US podcasting company Gimlet Media.
Ryanair shakes up baggage fees as passengers lose extra cabin bag
Budget airline Ryanair fell 1% at the open on Wednesday after it announced a series of changes to its baggage regulations, including the withdrawal of a second cabin bag for non-priority passengers.
Vodafone sells stake in Vodacom for ZAR14.85m
Vodafone has sold 90m shares in Vodacom at ZAR165 per share, raising gross proceeds of ZAR14. 85bn, or around €962m.
Barratt expects 'modest' housing growth as final dividend soars
Barratt Developments increased its final dividend 39% and doubled it again with a special dividend, as the housebuilder began the new year with strong forward sales and an unchanged outlook for "modest growth" in sales volumes.
Interserve wins £90m contract with DfT
Support services and construction group Interserve has won a new five-year contract worth £90m to provide total facilities management services for the Department for Transport.
Amec Foster Wheeler awarded $604m contract with Yuhang Chemical
Amec Foster Wheeler has been awarded a $604m engineering, procurement and construction (EPC) fixed price contract, it announced on Wednesday, for part of a $1. 85bn methanol plant being developed by Yuhuang Chemical, a US-based subsidiary of China's Shandong Yuhuang Chemical Company.
EasyJet traffic up 9% in August, load factor ticks higher
Budget carrier easyJet posted a rise in passenger numbers in August as the load factor ticked higher.
Sophos lifts full-year billings guidance
FSTE 250 network security solutions provider Sophos lifted its full-year billings guidance on Wednesday.