Company News
Shop price inflation unchanged but pressures 'lurking' - BRC
UK shop inflation was unchanged in July, but cost pressures were "lurking over the horizon" as commodity prices remained at risk from climate change and geopolitical tensions, according to the British retail Consortium.
Tuesday preview: Euro area inflation readings, BP in the spotlight
Investors' focus on Tuesday would be on a raft of euro area economic data due out covering both activity and inflation during the month of July and the second quarter in the case of the latter.
Director dealings: Seeen CEO raises stake
Seeen revealed on Monday that chief executive officer Adrian Hargrave had acquired 80,645 ordinary shares in the AIM-listed media and technology platform group.
Sixth Street to buy insurer Enstar in $5.1bn deal
Global insurance group Enstar said on Monday that it has agreed to be bought by investment firm Sixth Street in a $5. 1bn deal.
Outspoken Wetherspoons boss Tim Martin sells nearly £10m worth of shares
The outspoken founder and chairman of JD Wetherspoon, Tim Martin, sold just over 1. 36m shares in the pub chain at the end of last week, it emerged on Monday.
Evri planning to add 9,000 jobs under new ownership
Parcel delivery firm Evri announced plans to hire 9,000 new workers on Monday, in response to surging online shopping demand.
Philips surges after Q2 results
Philips surged on Monday as its second-quarter results beat analysts’ expectations, driven mainly by growth in North America, and the Dutch medical device maker reiterated its outlook for the year.
Me group signs new partnership with forecourt operator MFG
ME Group International said on Monday that it has signed a new partnership agreement with forecourt operator Motor Fuel Group, which will see it install and operate up to 300 Wash. ME Revolution laundry machines across MFG's UK sites over the next five years.
Ixico reports progress in Huntington's disease imaging consortium
Medical imaging analytics specialist Ixico reported significant progress in its Huntington's disease imaging harmonisation (HD-IH) consortium on Monday.
Kretinsky and UK business secretary hold 'constructive' talks on Royal Mail takeover
Czech billionaire Daniel Kretinsky held "constructive" talks with UK business secretary Jonathan Reynolds last Tuesday regarding his proposed takeover of Royal Mail parent company International Distribution Services.
Concurrent Technologies launches new plug-in card
Concurrent Technologies announced the launch of its new compute-intensive plug-in card (PIC) on Monday - the TR MDx/6sd-RCR.
Quartix Technologies reports 10pc rise in first-half revenue
Vehicle tracking systems specialist Quartix Technologies reported a 10% improvement in first-half group revenue on Monday, to £16. 1m, up from £14. 6m in the same period last year.
SkinBioTherapeutics reports better-than-expected full-year trading
Skin health-focussed life science company SkinBioTherapeutics reported better-than-expected trading results for the 12 months ended 30 June on Monday, boosted by the acquisition of Dermatonics and the continued growth of its AxisBiotix-Ps product.
Alliance Pharma flags solid rise in first-half revenue
Alliance Pharma said in a half-year trading update on Monday that its revenue rose to £84. 8m, a 2. 8% increase year-on-year, and a 5% increase at constant exchange rates.
Pan African reports rise in full-year gold production
Pan African Resources reported a 6. 2% increase in gold production in a full-year update on Monday, achieving a total output of 186,039 ounces.
HgCapital reports solid first-half performance
HgCapital Trust reported a strong first-half performance in its underlying portfolio in an update on Monday, with its estimated net asset value (NAV) per share reaching 524p, representing a total return of 5. 6% on an NAV basis.
Mkango strikes mining development agreement with Malawi government
Mineral exploration and development firm Mkango Resources has inked a mining development agreement with the Malawi government for its Songwe Hill rare earth project.
Future CFSO Ladkin-Brand steps down
Media group Future said on Monday that chief financial and strategy officer Penny Ladkin-Brand has stepped down from the board with effect from 28 July.
Journeo receives purchase order from Metroline Manchester
Technology group Journeo said on Monday that it had secured a £2. 1m bus safety systems and software purchase order from Metroline Manchester.
Balanced Commercial Property NAV narrows amid office sector weakness
Balanced Commercial Property Trust reported a net asset value total return of -0. 8% for the quarter ended 30 June on Monday, reflecting continued economic pressures on the real estate sector.