Company News
Crest Nicholson shares slump after warning on interest rates
Shares in house builder Crest Nicholson slumped as the company warned that more interest rate rises would hit the property market, after it posted a slump in half-year profits.
UK govt rejects Royal Mail move to axe Saturday deliveries
The government has blocked Royal Mail’s plans to axe Saturday letter deliveries, it was revealed on Thursday, which could see the price of stamps increase even further.
CAB Payments considering London listing
CAB Payments said on Thursday that it is considering listing on the London stock market.
CRH shareholders back New York listing
CRH shareholders have overwhelming backed plans by the building materials group to move its listing to New York, it was confirmed on Thursday.
Director dealings: Hikma non-exec invests, LSE Group share buyback rolls on
Hikma Pharmaceuticals was among those on the list of director buys on Thursday, after a non-executive director added almost £27k worth of shares to his holding.
Quadrise inks joint development deal with BTG Bioliquids
Quadrise announced a joint development agreement with BTG Bioliquids - a renewable biofuels specialist – on Thursday.
LXi REIT sells St Albans retail park for £31m
LXi REIT said on Thursday that it has sold a retail park in St Albans to a UK institution for £31m, equating to a net initial yield of 4. 7%.
First Property agrees seven-year lease at Bucharest office building
First Property Group announced the signing of a new seven-year lease for a significant portion of its office building in Bucharest, Romania on Thursday.
Camellia reports mixed results across its operations
Agriculture and investment company Camellia updated the market on its trading on Thursday, reporting mixed results, although it was still early in the season for many of its major businesses.
Churchill China performing in line as chairman steps down
Performance ceramics specialist Churchill China said in an update on Thursday that its recent trading had been in line with expectations, particularly in export markets.
JP Morgan backs NatWest over Lloyds
JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, in a note published on Thursday on UK banks.
Smoove inks partnership with Mortgage Advice Bureau
Smoove announced on Thursday that it has joined forces with Mortgage Advice Bureau in a strategic agreement to offer conveyancing comparison and related home-buying support services.
Regulator flags concerns over Hitachi-Thales deal
The competition watchdog has warned that a proposed deal between Thales and Hitachi could have a detrimental impact on both Network Rail and Transport for London.
Revenue rises, profit falls for RWS Holdings
Content and localisation specialist RWS Holdings reported positive revenue growth in its half-year results on Thursday, but a decline in profit before tax and earnings per share.
Higher interest rates weigh on UK housing market - RICS
The UK housing market saw a modest recovery in May, a closely-watched survey showed on Thursday, although rising interest rates and stubborn inflation continued to weigh heavily.
Idox reports solid first half of trading
Information management software specialist Idox reported a positive first-half on Thursday, including an increase in revenue and profit.
Pantheon appoints new exec chair as Gobe retires
Alaska-focussed oil and gas company Pantheon Resources revealed some significant changes to its board of directors on Thursday.
PetroTal facing 'illegal and violent' river blockade
Oil and gas company PetroTal is facing an “illegal and violent” river blockade by the Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP), it announced on Thursday.
M&G pleased with first quarter amid volatile markets
Investment and wealth management company M&G said in its first quarter results on Thursday that despite volatile markets, it achieved net client inflows of £0. 4bn excluding Heritage in the period.
Galliford Try to pay special dividend after settling dispute
Galliford Try announced plans to return cash to shareholders on Thursday, after the construction group settled a long-running contractual dispute.