News And Announcements
M&S sales fall in first quarter despite Easter boost
Marks & Spencer's struggles continued into its new financial year, with like-for-like sales remaining negative in the first quarter as the retailer reined in discounting against an unforgiving market backdrop.
Carillion plunges lower as analysts highlight further risks
Embattled construction and support group Carillion plummeted lower for a second day on Tuesday, as analysts picked apart the company's horrendous trading update at the start of the week.
Quarterly sales up 12% at Mortice
Security and facilities management company Mortice saw continued “strong” financial performance in its first quarter, it announced in a trading update on Tuesday, with sales up 12% year-on-year in the three months to 30 June as it won a number of new contracts.
Botswana Diamonds upbeat on future of Vutomi project
Botswana Diamonds updated the market on the Vutomi prospect at Frischgewaagt on Tuesday, explaining that following the inclusion of the results of the bulk sample and an update to the estimation analysis technique, a refined estimate for the grade at the FGT joint venture had been established.
Craneware strength continues through full year
Healthcare industry value cycle solutions provider Craneware continued its “strong performance” throughout the 2017 full year, it claimed in a trading update on Tuesday, with the group expecting to report full-year revenue growth of 16% to $57. 8m and EBITDA of $18m, up from $15. 9m, for the 12 months to 30 June.
Crimson Tide secures new Dutch contract
Software provider Crimson Tide secured a long term contract in the Netherlands with one of the world's largest facilities management companies for its ‘mpro5’ product, it announced on Tuesday.
Abzena signs licensing agreement with OBI Pharma
Life sciences group Abzena signed a licensing agreement and a master services and clinical supply agreement with OBI Pharma, a Taiwanese biopharmaceutical company, it announced on Tuesday.
Premier AM sees solid growth in third quarter
Premier Asset Management Group’s total assets under management increased to £5. 84bn in the three months to 30 June, the company said in its third quarter trading update on Tuesday, with total net inflows of £231m in the period.
Work Group in advanced talks to buy law firm Gordon Dadds
AIM-listed Work Group confirmed on Tuesday that it is in advanced talks with London-based law firm Gordon Dadds regarding a possible offer that would constitute a reverse takeover.
Ebiquity launches 'Total View Attribution' service
Independent marketing and media analytics consultancy Ebiquity launched its ‘Total View Attribution’ service on Tuesday, which it said would enable businesses to improve the return on investment of their multi-channel marketing activity and guide investment strategy development.
Ryanair cancels plans for Ukraine routes after airport disagreement
Irish budget airline Ryanair has announced it is cancelling an agreement to begin routes in and out of Ukraine after a deal with Kiev airport collapsed.
Forbidden Tech signs reseller deal with Canadian firm F2
Forbidden Technologies announced an agreement with IP-based digital content solutions provider F2 Technologies on Tuesday, to act as a value-added reseller for Forbidden's Forscene cloud video platform in Canada.
Tata Steel UK agrees sale of Hartlepool pipe mills to Liberty House
Tata Steel UK has signed a definitive agreement for the sale of its pipe mills in Hartlepool to Liberty House Group.
Ofcom puts brakes on BT, Vodafone in new mobile spectrum auction
The communications regulator revealed how it was going to release the next batch of cellular spectrum on Tuesday, in a bid to both improve mobile broadband speeds on existing services, and prepare for the rollout of the next generation of mobile technology, dubbed ‘5G’.
Investec reiterates 'hold' on Pearson after Bertelsmann deal; Liberum a 'sell'
Broker Investec has rated Pearson shares a 'hold' after the company on Tuesday announced a $1bn deal to sell a 22% stake in Penguin Random House to Bertelsmann.
Kennedy Wilson Europe secures revolving credit facility extension
Kennedy Wilson Europe has secured an extension to term of its £225m unsecured revolving credit facility with Bank of America Merrill Lynch entities.
Polar Cap Tech remains strong despite risks
Polar Capital Technology Trust posted its preliminary results for the year to 30 April on Tuesday, with total net assets growing 56. 3% to £1. 25bn, and net assets per ordinary share increasing 56. % to 945. 39p.
McBride sees FY profit in line despite challenging conditions
McBride said on Tuesday that adjusted operating profit for the full year is forecast to be in line with expectations after trading conditions in the second half remained challenging, as expected.
Bagir warns on earnings and revenue due to product line delays
AIM-listed Bagir warned on Tuesday that it expects revenue and earnings for the second half of the year to be "materially lower" than market expectations as development of the new production lines at its facilities in Vietnam and Ethiopia has fallen behind schedule.