Company News
Tuesday preview: IFO index, US house prices in the spotlight
The financial market spotlight would be on Europe on Tuesday.
Somero trading as expected despite North America slowdown
Construction sector player Somero said in a first-half update on Monday that its major markets had experienced healthy conditions in non-residential construction, resulting in trading for the period ending at the high end of the guidance range it specified on 20 June.
Director dealings: Mind Gym founder invests, SSE board member sells down
Mind Gym was at the top of the list of director buys on Monday afternoon, after its co-founder and president picked up almost 0. 83 million shares.
Ryanair Q1 profits soar, but cautious on winter demand
Low-cost airline Ryanair reported a better-than-expected rise in first-quarter profit, boosted by strong Easter sales, but was cautious about demand over the coming months due to aircraft delivery delays from Boeing and price-conscious passengers.
CentralNic describes strong first half of trading
Consumer-focussed internet company CentralNic said in an update on Monday that during its first half it saw a strong trading performance, leaving it poised to report promising financial results.
Ocado to get £200m from AutoStore in patent row settlement
UK online supermarket Ocado has won a £200m settlement from Norwegian company AutoStore after a three-year legal battle over ‘robot' patents.
Vodafone Q1 revenue rises, appoints new CFO
Telecoms giant Vodafone said first-quarter group service revenue rose 3. 7%, helped by its UK operations.
SigmaRoc upbeat on strong first half
Quarried materials specialist SigmaRoc reported significant growth in revenue and underlying EBITDA in a first-half trading update on Monday.
Liontrust extends main offer period for GAM Holdings
Liontrust Asset Management extended the offer period for its proposed acquisition of GAM Holdings AG.
S4 cuts full-year net revenue growth guidance
S4 Capital cut its full-year guidance to reflect caution on the part of its technology clients.
Moneysupermarket hikes dividend as some markets bounce back
Price comparison giant Moneysupermarket reported a solid first-half financial performance on Monday, driven by strong brands and technology platforms.
DiscoverIE reports robust first quarter of trading
Industrial electronics specialist DiscoverIE reported positive trading momentum in a first-quarter update on Monday, with organic sales growth at a comparable level to that seen in the final three months of last financial year.
Assura starts construction on new NHS ambulance hub
Primary care property investor and developer Assura announced the official start of construction on an £11m ambulance hub in Bury St Edmunds on Monday.
Urban Logistics makes solid progress in changeable market
Urban Logistics reported significant recent progress in a trading update on Monday, having signed four new lettings in the second quarter, contributing £0. 85m in additional rental income.
3i Infrastructure to sell Attero stake at a 31pc premium
3i Infrastructure announced its intention to sell its approximately 25% stake in Attero - a waste treatment and recycling company based in the Netherlands - to Ardian Infrastructure on Monday.
Cranswick reports robust first-quarter performance
Food producer Cranswick reported a robust first-quarter performance in an update on Monday, with a 14. 7% increase in revenue year-on-year.
Greencoat UK Wind leads 25pc investment in London Array wind farm
Greencoat UK Wind announced on Monday that, together with other funds managed by Schroders Greencoat, it agreed to acquire a 25% stake in the London Array offshore wind farm from Orsted.
GSK's ViiV gets Europe nod for HIV prophylaxis
Pharmaceuticals giant GSK announced on Monday that its majority-owned HIV specialist subsidiary ViiV Healthcare has received a positive opinion from the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP), recommending marketing authorisation for ‘cabotegravir’ long-acting (LA) injectable and tablets for HIV prevention.
Vodafone appoints Luka Mucic as CFO
Vodafone on Monday said it had appointed Luka Mucic as chief financial officer effective from September 1.