Company News
Adept Technology to buy Advanced Computer Systems
IT managed services company Adept Technology has agreed to acquire UK-based education sector services provider Advanced Computer Systems.
Xeros Technology lands exclusive Indian licensing deal
Xeros Technology Group has signed an exclusive agreement to develop and license its domestic and commercial washing machine technologies to IFB Industries Limited.
S4 Capital makes further acquisitions as geographic expansion continues
Digital advertising and marketing outfit S4 Capital announced two acquisitions on Friday, expanding the capabilities of its creative digital content production company and its programmatic consultancy.
Debenhams to close 22 stores next year, affecting 1,200 jobs
Debenhams announced 22 store closures on Friday that will affect around 1,200 members of staff.
EU Supply swings to profit as revenue rises 10%
EU Supply said on Friday that it swung to an annual profit as revenues rose amid growth in Lithuania, Ireland and Scandinavia.
Taptica combines video advertising capabilities with RhythmOne
Advertising technologies group Taptica International has successfully combined its video advertising capabilities with RhythmOne to launch Private Marketplace Packages.
US client losses dent WPP revenue
Advertising group WPP backed its 2019 guidance on Friday as it posted a rise in first-quarter revenue but a drop in like-for-like revenue due to "significant" client losses last year, mostly in the US.
Just Eat Q1 orders rise but UK growth slows
Online food delivery service Just Eat posted a jump in first-quarter group orders on Friday but a slowdown in the UK.
Glencore being investigated by US commodities regulator
Glencore shares fell on Friday after it announced that it is being investigated by the US Commodity Futures Trading Commission (CFTC) over possible corrupt practices that may have led to the violation of some regulations.
Goldplat chief executive stands down
AIM-listed gold producer Goldplat's chief executive Gerard Kisbey-Green has stepped down from the board with immediate effect.
Riverstone to scoop up Dutch and German coal power assets
Riverstone Energy Limited has confirmed the purchase of a fleet of coal and biomass-fired power stations comprised of approximately 2,350 megawatts of gross generation capacity from affiliates of French utility company Engie.
Computacenter rallies after 'pleasing' trading update
IT services outfit Computacenter said on Friday that it has seen a "pleasing" level of trading across the group in the first quarter, with both revenue and profitability ahead of the prior year.
Rotork order intake sluggish in Q1
Industrial flow control equipment maker Rotork said on Friday that its first-quarter order intake fell compared to the same period last year, but the company's growth acceleration programme remains on track.
Deloitte quits as Ferrexpo auditor after clash over charity donations
Ferrexpo shares plunged on Friday after Deloitte quit as its auditor following a disagreement between the company and the accountancy firm over donations made to a charitable foundation.
Hastings suggest better FY loss ratio as Q1 net income slips
Insurance company Hastings said its loss ratio could move towards the higher end of its target range as first quarter revenue slipped 1% on lower premium and reinsurance income.
AstraZeneca sees product sales rise 10pc in first quarter
AstraZeneca reported a 10% increase in its product sales in its first quarter on Friday, or 14% at constant exchange rates, to $5. 47bn.
RBS warns on income growth as first-quarter profit falls
Royal Bank of Scotland warned that uncertainty over Brexit would weigh on income growth as falling revenue drove a 16% drop in the bank's first-quarter profit.
Pearson on track as sales rise in first quarter
Pearson said it was on track to meet expectations for 2019 as the education services company posted rising sales for the first quarter.
AJ Bell sees first half slightly ahead of expectations
Investment platform company AJ Bell said it expected interim results to be slightly ahead of expectations as total assets under administration (AUA) rose 8% to £47. 7bn in the second quarter.