Company News
Palace Capital makes 'substantial progress' in first year on main market
Property investment outfit Palace Capital told investors on Thursday that it had made "substantial progress" in its first full year on the London Stock Exchange's main market, leaving it "very positive" about its prospects.
Friday preview: UK local elections, US April jobs report
Investors' attention on Friday will be foremost on the results of the local elections, as they try and assess the most likely implications of the results for the ongoing cross-party talks on a customs union proposal and the British economy in general.
Improved market conditions bolster BNP Paribas
BHP Paribas hailed more favourable market conditions on Thursday after first-quarter profits at the French bank beat expectations.
Accesso Technology hopes to make a splash with St Louis contract win
Accesso Technology Group on Thursday won a contract to implement its accesso Siriusware technology at the St. Louis Aquarium and entertainment complex at Union Station in St Louis, Missouri, which will open later this year.
Reckitt Benckiser Q1 sales fall short of estimates
Consumer goods group Reckitt Benckiser posted a small uptick in first-quarter like-for-like revenue on Thursday after what it called a "slow" start to the year, which saw sales dented by a weak cold and flu season.
McBride warns on profits, CEO to step down
McBride warned on Thursday that full-year earnings will be "modestly" lower than current market expectations after a weak third quarter, as it announced the departure of chief executive officer Rik De Vos after four years at the company.
Coca-Cola HBC revenues up 4.4% in Q1, emerging segment shines
Coca-Cola HBC posted a rise in first-quarter revenue on Thursday, with a solid performance across all segments and a particularly pleasing contribution from emerging markets.
Tesla planning $2.3bn fundraising
Electric car maker Tesla plans to raise around $2. 3bn from investors, including a big purchase by chief executive Elon Musk.
W Resources shoots first T2 blast at La Parrilla
Iberian Peninsula-focussed tungsten, copper and gold exploration and development company W Resources announced that the first T2 blast at La Parrilla Tungsten project in Spain shot successfully on 30 April on Thursday.
Personal Group trading in line with expectations in new year
Personal Group told investors of its “strong start” to its financial year on Thursday, confirming it was trading in line with expectations.
Cerillion expects decent second half after weaker start to year
Billing, charging and customer relationship management software provider Cerillion updated the market on the first six months of its current financial year on Thursday, reporting that trading had been “encouraging”, with a major new contract worth an initial $6. 8m signed in February and additional major contracts worth more than £10m, progressing to final stages.
MXC Capital pours more cash into Liberty Global joint venture
Technology focused adviser and investor MXC Capital has made a further investment into MXLG Acquisitions - its joint venture with Liberty Global subsidiary Liberty Global Europe 2 - it announced on Thursday.
Best of the Best to beat forecasts in full-year numbers
Car and luxury prize competition operator Best of the Best updated the market on its trading for the year ended 30 April on Thursday, signalling its expectation for a forecast-busting set of results.
Expansion strategy still paying off for Dalata Hotel Group
Ireland-focussed hotel operator Dalata Hotel Group spoke of “another successful year” on Thursday, as its investors gathered for the company’s annual general meeting.
African Battery Metals makes further progress on restart at Kisinka
Battery metal exploration and development company African Battery Metals updated the market on exploration activities at its Kisinka Copper-Cobalt project in the Democratic Republic of the Congo on Thursday, following the restart of activities in April.
Indivior warns of potential full-year loss as quarterly profit eases
Drug maker Indivior, which has been accused by the US Department of Justice of fraudulently marketing an addiction treatment, has warned it could slide into the red this year.
Cohort subsidiary wins £3m Royal Navy contract extension
Cohort's wholly-owned subsidiary SEA was on Thursday awarded a two year extension to its Miscellaneous Sonar Equipment availability-based contract for the UK Royal Navy.
Metro Bank tumbles as Q1 profit halves, customers head for the door
Metro Bank shares tumbled in early trade on Thursday after its first-quarter numbers - released after the close the day before - revealed a big drop in profits and the loss of several large customers following the discovery of a major accounting error earlier this year.
IQE gets first mass production order at Newport Mega Foundry
IQE announced on Thursday that its recently-constructed Newport Mega Foundry has received its first mass production order from its existing leading vertical-cavity surface-emitting laser (VCSEL) customer.
Basilea's 'Cresemba' launched by partner in Canada
Basilea Pharmaceutica announced on Thursday that its partner Avir Pharma has launched the antifungal product ‘Cresemba’ (isavuconazole) in Canada.