Company News
Treatt sees FY profit in line despite FX, citrus price weakness
Treatt, a supplier of flavour and fragrance ingredients, said on Friday that full-year profit will be in line with its expectations despite currency fluctuations and weakness in some key raw materials for its largest product category, citrus.
Cambria Africa appoints IMF veteran as CEO of Payserv Zimbabwe
Cambria Africa announced the appointment of Christian Herbert Beddies as the incoming chief executive officer of its wholly-owned and largest subsidiary, Payserv Zimbabwe, on Friday.
GVC's digital growth provides comfort amid FOBT crackdown
GVC Holdings reported slower but still strong growth in online gambling in the first three months of the year while its Ladbrokes bookmaking shops were flat ahead of the fixed-odds betting machine crackdown and Saturday’s Grand National.
Motorpoint cautious on outlook after H2 slowdown
Car retailer Motorpoint said on Friday that it expects profit and revenue for the year to the end of March 2019 to have risen from the previous year, but struck a cautious note about the outlook as it noted a slowdown in the second half of the year.
Co-op Group exceeds profitability expectations
Co-op Group reported improvements in revenue, food like-for-like sales and profit before tax in its annual results on Friday, as it claimed to have returned £79m returned to Co-op members and communities.
Tricorn surges on strong showing from transportation division
Tube manipulation specialist Tricorn expects to have seen an increase in revenues during its last financial year despite lower demand in its power generation rental operations.
Creo Medical loss widens as commercial launches near
Creo Medical's shares edged lower on Friday as the company's losses increased on the back of increasing administrative expenses, though it believes it has built a "solid platform for future growth".
Bilby taps former Anpario boss David Bullen to take over as CEO
Building services provider Bilby named former Anpario head David Bullen as its chief executive officer on Friday, taking over from outgoing CEO David Ellingham.
Loungers seeks AIM flotation to help fund future development
Restaurant operator Loungers is looking to float its shares on London's junior market later in the month in order to position the group for the next stage of its development.
Funding Circle agrees time is right for SME fund closure
Funding Circle confirmed that financial guidance for 2019 remains unchanged as the Funding Circle SME Income Fund (FCIF) announced it was shutting up shop.
ContourGlobal earnings boosted by acquisitions
Power generator ContourGlobal posted a jump in full-year profit and revenue on Friday, boosted by acquisitions, as it announced the appointment of Stefan Schellinger as its new chief financial officer.
Triple Point Social Housing welcomes regulator's report into sector
Triple Point Social Housing REIT noted a report into lease-based providers of specialist supported housing from the Regulator of Social Housing on Friday, describing it as “helpful”.
AVEVA to acquire MaxGrip software assets
Engineering and industrial software provider AVEVA Group has agreed to acquire the software assets of MaxGrip, it announced on Friday, subject to approval from MaxGrip's shareholders.
Ferrexpo Q1 production falls slightly vs 2018
Iron Ore pellet maker Ferrexpo said first quarter production fell to 2. 53m tonnes from 2. 58m a year earlier.