Company News
Frenkel Topping well placed after revenue and AUM growth
Frenkel Topping on Wednesday reported that full-year revenues expanded on the back of new business, while assets under management also increased.
Steppe Cement sales improve as group increases market share
Kazakhstan-focussed construction materials producer Steppe Cement saw sales tonnage soar in the first quarter of its trading year.
Petards Group dips as costs overshadow jump in revenue
Petards Group's shares tumbled on Wednesday after the company reported a slight drop in annual profits after cost increases offset revenue growth.
SRT Maritime revenues boosted by solid showing from AIS and MDA businesses
Maritime surveillance and management SRT Marine Systems expects to report significantly higher revenues and profits from its last trading year after both its AIS transceiver and MDA systems businesses experienced "very good growth".
Weak UK sales weigh on Warpaint profits
Warpaint London, the owner of cosmetics brand W7, posted a rise in full-year revenue on Wednesday but a drop in pre-tax profit amid challenging trading conditions in the UK.
UK economy grows 0.2% in February, beats expectations
The UK economy grew more than expected in February despite Brexit uncertainty, with manufacturing and industrial production figures also a beat, according to data released on Wednesday.
Epwin cheers 'robust' performance as turnaround continues
Building products manufacturer Epwin Group reported a fall in revenue and profits in its final results on Wednesday, with revenue down to £281. 1m in the year ended 31 December, from £292. 8m a year earlier.
Norcros performing well in face of tough market conditions
Bathroom and kitchen products supplier Norcros updated the market on its trading on Wednesday, reporting that group underlying operating profit for the year just ended was expected to be in line with the board's expectations.
Ilika launches tiny new solid-state battery for medical devices
Solid-state battery technology company Ilika announced the launch of its ‘Stereax M50’ millimetre-scale solid-state batteries designed for medical implants.
QinetiQ confirms first buy-in of its pension scheme
QinetiQ Group announced on Wednesday that the QinetiQ Pension Scheme has completed its first bulk annuity insurance buy-in for approximately £690m.
Stagecoach 'shocked' at disqualification from three rail franchise bids
Stagecoach Group said on Wednesday that it has been informed by the Department for Transport (DfT) that it has been disqualified from the current three UK rail franchise competitions.
Hollywood Bowl revenues rise, trading in line
Ten-pin bowling operator Hollywood Bowl posted a rise in first-half revenues on Wednesday as it hailed a strong performance across its revenue lines and said it continues to trade in line with its expectations for the full year.
Tesco profits jumps as turnaround nearly completed
Tesco reported a 28. 8% jump in full-year pre-tax profit on Wednesday as revenue grew and the company sounded an upbeat note on the outlook.
FIH Group profits boosted by improved margins
Specialist services outfit FIH Group expects pre-tax profits for its last trading year to have topped market expectations.
Ted Baker forms joint-venture with Shanghai LongShang
Lifestyle brand Ted Baker has entered into a new joint-venture with Shanghai LongShang that will see the London-based fashion designer take a step into the all-important markets of Mainland China, Hong Kong and Macau.
Altitude trades in line, encouraged by US acquisition
Promotional products software provider Altitude Group traded in line with expectations during its last trading year, with trading also getting a boost in the new year thanks to its acquisition of AI Mastermind.
UK, Germany offset Q1 China slowdown at PageGroup
Recruitment firm PageGroup on Wednesday reported an 11. 7% rise in first-quarter gross profit to £208m, with solid UK and German growth offsetting a slowdown in China over trade war fears.
McCarthy & Stone profits hit by restructuring costs
FTSE 250 retirement homebuilder McCarthy & Stone reported a drop in first-half profit on Wednesday as it took a hit from restructuring costs.
Rolls-Royce agrees to EU inspections of Trent TEN engines
Aircraft engine maker Rolls-Royce on Wednesday said on Wednesday it had agreed with EU authorities to inspect some of its Trent 1000 TEN engines earlier due to blade deterioration issues.
Rank Group retail director to step down
The Rank Group announced on Wednesday that Alan Morgan, currently managing director of retail, has tendered his resignation to the board and would be leaving the business on 31 July to pursue other opportunities.