News And Announcements
Veltyco launches new Bet 90 brand
Online marketing company Veltyco Group confirmed in an announcement on Monday that its Bet 90 website went live on 28 July, following its acquisition of the property on 28 June.
Utilitywise lowers revenue expectations as it changes accounting standard
Independent utility cost management consultancy Utilitywise brought disappointing news to the market on Monday, saying that it now expected revenue for the year to 31 July to be between £4m and £4. 5m below previous market expectations.
Pan African selling Phoenix Platinum to Sylvania
Pan African Resources and Sylvania concluded an agreement, the two companies announced on Monday, whereby Pan African will dispose of all its shares and loan accounts in its wholly-owned subsidiary Phoenix Platinum to Sylvania, for total cash consideration of ZAR 89m (£5. 18m).
Lok'nStore signs management contracts on two new 'landmark' sites
Self-storage company Lok'nStore signed new management contracts, it announced on Monday, in a bid to develop and operate two new “landmark” stores in highly prominent locations in Exeter, Devon and Ipswich, Suffolk.
Silence Therapeutics allowed another patent
Silence Therapeutics announced what it called a “further step” in the expansion of its chemical modification patent estate on Monday, with the US Patent and Trademark Office issuing a notice of allowance for US patent application 15/589971.
Marc Ronchetti to succeed Kevin Thomson as Halma FD
FTSE 250 safety, health and environment technology company Halma said Monday that Marc Ronchetti - currently financial controller - will succeed Kevin Thompson as group finance director.
Order postponement knocks back SRT Marine Systems
SRT Marine Systems said on Monday that it has been advised by its customer that the contract to supply an MDM system in South East Asia, contracted in March 2016, has been postponed and is expected to recommence during the end customer's new fiscal year which begins on 1 March 2018.
Watchdog to launch probe into Mitie accounts
The Financial Reporting Council has announced an investigation into Deloitte's audits of two of the annual financial statements of outsourcer Mitie.
HSBC adds further buyback as interim profits beat forecast
HSBC unveiled a share buyback of up to $2bn this year alongside a better-than-expected increase in first-half profits.
Hiscox profit up 13% on solid retail business
Hiscox reported a 12. 5% jump in pre-tax profit for the first half on Monday thanks to a solid performance in its retail business.
Chemring wins $28m US contract
Chemring's subsidiary, Chemring Countermeasures USA, has been awarded a $28m contract by the US Army Garrison at Rock Island Arsenal.
Keller posts record H1 revenue thanks to weaker pound
Geotechnical contractor Keller Group reported a jump in pre-tax profit on Monday as it posted record first-half revenue thanks to a weaker pound in the aftermath of the Brexit vote.
Coats Group interims weave mostly encouraging picture
In its first set of results since weaving its way back the FTSE 350, industrial threads and yarns maker Coats Group reported 38% growth in earnings and hiked its dividend 7%.
Indivior gets drug approvals on both sides of Atlantic
Indivior confirmed receiving two separate drug approvals on Monday, from both the ANSM in France for its 'NALSCUE' product, and the FDA in the US over its RBP-6000 treatment.
Fidessa makes 'steady progress' as it cautiously eyes market opportunities
City software and services company Fidessa reported “steady progress” in its first half on Monday, with solid revenue growth said to carry across all business lines and regions as revenue grew 12% to £177. 6m, or 2% at constant currencies.
Senior profit slides as Flexonics continues to struggle
Manufacturing and engineering group Senior traded in line with expectations in its first half, it said on Monday, with revenue rising 3% on a constant currency basis to £510m.
Nostrum Oil & Gas reports solid first-half progress
Independent pre-Caspian Basin producer, developer and explorer Nostrum Oil & Gas saw revenues rise handsomely in its first half, the company reported on Monday, with takings rising to more than $210m from $163. 5m last year.
FTSE 250 newcomer FDM Group surges in first half
IT-focussed professional services company FDM Group experienced “strong” trading and operational performance in its first half, it said on Monday, with revenue surging 35. 4% to £117. 1m.
FDA designation another advancement for AstraZeneca's 'Imfinzi'
AstraZeneca’s global biologics research and development arm MedImmune was granted ‘breakthrough therapy designation’ for ‘Imfinzi’ (durvalumab) by the US Food and Drug Administration, it announced on Monday, for the treatment of patients with “locally-advanced, unresectable non-small cell lung cancer” (NSCLC), whose disease had not progressed following platinum-based chemoradiation therapy.
CRH launches euro commercial paper programme
International building materials group CRH has established a euro commercial paper programme, it announced on Monday, under which its wholly-owned finance subsidiaries CRH Finance DAC and CRH Finance UK could issue, from time to time, unsecured short-term euro commercial paper notes through appointed dealers.