Company News
Urban Exposure reports a loss in first year on AIM
Residential development financier and asset manager Urban Exposure reported progress in the development of its asset management business in its first year since incorporation and trading on AIM but has not yet translated this into profits.
Audioboom revenues soar in record quarter
Podcast hosting service Audioboom enjoyed strong revenue growth in the first quarter after inking an enhanced global commercial agreement with Spotify.
Tighter regulation to hurt profits at CMC Markets
Shares in CMC Markets slid on Wednesday morning after the spreadbetting firm warned that revenues and profits had been hit by deteriorating market conditions and tighter regulations.
Gambling Commission bans roulette-style games infringing FOBTs
The gambling regulator forced two bookmakers to take down two new roulette-styled games that bypassed the latest regulations in the fixed-odds betting terminals.
Novartis' Sandoz resubmits FDA application for pegfilgrastim
Novartis announced on Wednesday that its biosimilars division Sandoz had resubmitted its biologics license application (BLA) for a proposed biosimilar ‘pegfilgrastim’ to the US Food and Drug Administration (FDA), to address an FDA complete response letter received in June 2016.
AA profits slide as expected, but 'significant progress' made
The AA’s final results were on target on Wednesday as the group reported “significant” strategic progress and a new three-year breakdown cover deal with insurer Admiral.
Angus Energy outlines work programme for Brockham
Angus Energy announced a timetable to its proposed operations at Brockham on Wednesday, with works set to begin on or around 12 April.
Shield Therapeutics narrows losses as it advances Feraccru to market
Commercial-stage pharmaceutical company Shield Therapeutics announced a decent improvement in revenue in its preliminary results on Wednesday, to £11. 9m from £0. 6m.
Strong progress for rail sees Stagecoach lift earnings expectations
Stagecoach Group updated the market on its trading for the financial year ending 27 April on Wednesday, reporting that it had seen further strong trading and positive progress in the UK rail division, resulting in an increase in its expectations for adjusted earnings per share since its update in December.
DotDigital chairman resigns due to 'private matters' in other directorship
Marketing automation and customer engagement outfit DotDigital's chairman Richard Kellett-Clarke stood down from the group on Wednesday, effective immediately.
Brave Bison tumbles after giving CEO the chop
Social video outfit Brave Bison axed its chief executive Claire Hungate on Wednesday and named ex-Google executive Kate Burns as her replacement.
Ofgem fines SSE £700k for missing gas smart meter target
Ofgem has fined SSE's domestic retail business £700,000 for missing its target to install gas smart meters for customers last year.
Babcock appoints former Shell executive Ruth Cairnie as new chair
Aerospace and defence group Babcock has appointed former Royal Dutch Shell executive Ruth Cairnie as its new chair.
Quilter agrees recommended acquisition of IFA Lighthouse
Directors of Quilter and its adviser network Intrinsic have agreed a recommended takeover of AIM-listed Lighthouse for £46. 2m in cash, adding 400 advisers to Intrinsic’s 3,500.
LondonMetric extends leases on two large distribution centres
LondonMetric Property has exchanged contracts with J Sainsbury subsidiary Argos to extend the lease at its 656,000 square foot distribution warehouse by a further 12 years, it announced on Wednesday.
Bovis Homes completes joint venture with social housing provider Riverside
Bovis Homes Group announced the completion of a 50-50 joint venture with registered social housing provider Riverside for the development of a new community at Stanton Cross, on the edge of Wellingborough, Northamptonshire on Wednesday.
Dechra Pharmaceuticals CFO Richard Cotton steps down
Dechra Pharmaceuticals said on Wednesday that Richard Cotton has decided to step down as chief financial officer with immediate effect for personal reasons.