Company News
Tuesday preview: UK employment, Netflix in focus
The market spotlight in the UK on Tuesday will be firmly on the labour market, with both economic data and some well-known corporates likely to help to shed some light on the current situation.
ECR Minerals kickstarts data analysis at Australian gold project
ECR Minerals on Monday reported that it has commenced analysis of airborne and ground geophysical data from its wholly owned Windidda gold project in Western Australia.
Savannah Resources moves to secure 100% ownership of flagship project
Savannah Resources confirmed on Monday that it will move to secure 100% ownership of its flagship asset, the Mina do Barroso Lithium Project in Portugal, which is Europe's most significant spodumene lithium deposit.
Catalent to buy gene therapy company Paragon Bioservices for $1.2bn
New Jersey-based drug developer Catalent Inc has agreed to buy privately-held gene therapy company Paragon Bioservices for $1. 2bn in cash.
UK dividends rise to record high in first quarter of 2019
Dividend income paid to UK shareholders jumped to a record high in the first quarter of 2019, with shares yielding an average of 4. 6%.
Immotion Group to install VR experiences at US aquariums
Out-of-home virtual reality entertainment business Immotion Group announced on Monday that it has been appointed to install aquatic immersive experiences at two major aquariums in the United States.
N4 Pharma reassures shareholders over future of 'Nuvec'
Specialist pharmaceutical company N4 Pharma updated the market on the development of ‘Nuvec’ on Monday, following the disclosure of inconsistencies in the efficacy of Nuvec between various in vitro and in vivo studies.
Savannah Resources to acquire rest of Savannah Lithium
Savannah Resources has entered into a term sheet to acquire the minority 25% shareholding in Savannah Lithium, it announced on Monday, which owns the Mina do Barroso Lithium Project in Portugal.
System1 rallies as pre-tax profits surge
Marketing services outfit System1 expects to report a surge in pre-tax profits in its upcoming results, bouncing back from a difficult prior year.
Serabi Gold sees improved production in first quarter
Brazil-focussed gold mining and development company Serabi Gold reported first quarter gold production of 10,164 ounces on Monday, up from 9,188 ounces year-on-year and maintaining the momentum from the end of 2018.
Motif Bio hit by regulatory setback but losses narrow
Motif Bio on Monday reported a narrowed annual loss on the back of a reduction in research and development expenses as it seeks regulatory approval for its iclaprim skin infection treatment despite an early setback.
Kingswood Holdings loss narrows following cost reductions
Kingswood Holdings reported a narrowed annual loss on Monday as reduced cost of sales and miscellaneous expenses offset a drop in revenue.
Goldman Sachs Q1 earnings beat expectations, revenue a miss
Goldman Sachs posted better-than-expected first-quarter earnings on Monday, but revenue was a miss.
New Kier CEO launches strategic review to cut debt
Construction group Kier said on Monday that new chief executive Andrew Davies will lead a strategic review to improve cash generation and reduce leverage.
Guinness to remove plastic packaging from beer packs
Guinness owner Diageo announced on Monday it would remove plastic packaging such as ring carriers and shrink wrap from their beer multipacks in the Guinness, Harp and Smithwick’s brands.
IG Design set to top forecasts after unwrapping strong fourth-quarter
Giftware and packaging outfit IG Design Group saw revenues and profits move ahead last year as a result of continued strong trading throughout the final quarter.
Filta eyes European franchise growth as US reaches saturation
Filta Group, the cooking oil management specialist, on Monday reported a jump in annual profits and revenue as its core Fryer Management division drove momentum and expanded its franchise network.
Sanderson tops expectations with 'strong' first half performance
Digital technology provider Sanderson ended the first half of its trading year ahead of management's expectations, with both revenues and profits growing year-on-year.
Redcentric cuts net debt following CEO departure
IT managed services provider Redcentric traded in line with management expectations in its last trading year, cutting net debt by more than expected.
IAG's longstanding finance chief steps down
British Airways owner International Airlines Group revealed on Monday that long-time chief financial officer Enrique Dupuy de Lôme will step down from his role in June.