Company News
1pm announces record revenues and profits
UK-based holding company 1pm announced on Tuesday it had increased revenue 35% in the twelve months leading up to 31 May, thanks to a £21. 8m increase in the group's combined gross lending portfolio.
Premium domain strategy a winner for Minds + Machines
Internet top-level domain operator Minds + Machines Group updated the market on its China operations on Tuesday, confirming that since the release of its 2017 “premium” inventory for the country in late June, it had achieved premium sales of more than $3. 4m.
Empresaria elevates Spencer Wreford to COO seat
International specialist staffing group Empresaria announced on Tuesday that Spencer Wreford was taking on the role of chief operating officer, with immediate effect.
Hilton Food interim profit jumps, dividend lifted
AIM-listed meat packing business Hilton Food reported a jump in first-half pre-tax profit on Tuesday as revenue rose and the company made good strategic progress with its existing customers in Portugal, Central Europe and Australia.
Goals Soccer Centre takes a hit as profit drops, H2 growth seen slowing
Shares in five-a-side football pitch operator Goals Soccer Centres fell sharply after the company posted a drop in interim pre-tax profit and warned that like-for-like sales in the second half would grow more slowly than originally expected.
Brave Bison nabs LADbible's Jonathan Kitchen
Independent digital media and social video broadcaster Brave Bison announced the non-board appointment of Jonathan Kitchen as its commercial director with immediate effect on Tuesday.
Premier Oil agrees $200m sale of Wytch Farm stake to Verus
Premier Oil has agreed to sell its entire 33. 8% stake in the Wytch Farm oilfield to Verus Petroleum SNS for a cash consideration of $200m.
Housebuilders under pressure as placings suggest market top, but Jefferies disagrees
Housebuilders were under the cosh on Tuesday, weighed down by a series of share placings in the sector, a downbeat note from Bank of America Merrill Lynch and a report suggesting that smaller housebuilders are having difficulty accessing finance.
Cairn Homes founders looking to sell 2.1% stake
Cairn Homes said on Tuesday that its three founders are looking to sell around 15. 65m shares in the company, or a 2. 1% stake.
Equiniti plans discounted rights issue to fund Wells Fargo FS acquisition
Equiniti Group is planning a £122m rights issue at a 3232% discount to help fund its proposed $227m cash acquisition of Wells Fargo's share registration services business (£176m).
Redrow slumps as chairman offloads shares
Redrow shares tumbled after The Steve Morgan Foundation - a charitable trust founded by the housebuilder's chairman - and Morgan's investment vehicle, Bridgemere Securities, sold 25. 9m existing ordinary shares at 590p each, representing around 7% of the issued share capital.
CMA approves Wood Group-Amec deal
The Competition and Markets Authority has approved Wood Group's £2. 2bn acquisition of Amec Foster Wheeler.
AA had talks with Hastings over potential insurance merger
The AA held "preliminary talks" with insurer Hastings over a potential merger of the roadside assistance group's insurance business, it confirmed on Tuesday.
Ashtead gets off to good start ahead of expected hurricane boost
Ashtead, the construction equipment specialist, reported strong growth in rental revenue and profits in the first quarter of its financial year, adding that clean-up efforts after Hurricanes Harvey and Irma were likely to increase levels of demand for its fleet.
JD Sports posts record first half as estate expands
JD Sports Fashion reported “another record result” for its half year on Tuesday, with operating profit ahead 33% year-on-year at £103. 3m off revenue of £1. 367bn - up 41%.