News And Announcements
600 Group disposes of ProPhotonix shareholding
AIM-listed 600 Group has sold off its entire holding in laser diode and LED systems manufacturer ProPhotonix for £1. 5m, which results in a £1m profit in the consolidated income statement.
Reach4entertainment warns FY earnings will miss market expectations
AIM-listed Reach4entertainment warned on Thursday that earnings before interest, tax, depreciation and amortisation for the year to 31 December will be below market expectations, partly due to some live events being cancelled because of terrorist incidents in London and Manchester.
Rose completes optimisation of seismic shoot parameters at Paradox Basin
Natural resources business Rose Petroleum announced on Thursday that it had completed the optimisation of the 3D seismic shoot parameters on its oil and gas exploration acreage in the Paradox Basin, Utah.
Telit LTE module gets certification on AT&T
Internet of Things-focussed technology company Telit Communications announced on Thursday that its ME910C1-NA module was the first Telit LTE Category M1 module to receive certification for operation on AT&T's LTE nationwide network in the US.
Pressure Technologies manufacturing divisions performing 'well'
Specialist engineering group Pressure Technologies announced an update on recent trading and expectations for the year to 30 September on Thursday.
Progress continues apace at Dempsey, says Empyrean
Oil and gas development company Empyrean Energy announced on Thursday that it has been informed by Sacgasco, the operator of the Dempsey 1-15 well in the Sacramento Basin, onshore California, that the Dempsey 1-15 well was currently drilling ahead in 8 1/2" vertical hole.
Trakm8 concludes arrangements for three-year Intelematics deal
Telematics and data provider Trakm8 announced on Thursday that it concluded a three-year master supply agreement with Intelematics Europe to supply devices and data.
SRT Marine Systems enters major new contract
Maritime tracking, management and surveillance technologies provider SRT Marine Systems announced that it had entered a new contract to supply customised AIS Class A, Class B transceiver products to “one of the world's leading” marine electronics companies.
Minds + Machines domains make regulatory progress in China
Internet top-level domain owner and operator Minds + Machines Group updated the market on its licensing in China on Thursday, confirming that is . vip domain was now being supported in the Beijing Capital Region.
Berkeley and NMC join FTSE 100; 888 and Alfa Financial promoted to FTSE 250
Royal Mail and Provident Financial will be demoted from the FTSE 100 next month as part of the quarterly index reshuffle, replaced by NMC Health and Berkeley Group, while three replacement were made at the bottom of the FTSE 250 index.
Harworth buys two land sites in the Midlands
Property developer and investor Harworth has purchased two strategic land sites in the Midlands to accelerate the expansions of its land bank.
Growth continues at Belvoir Lettings
Property franchise group Belvoir Lettings announced on Thursday that it had secured further growth and an increase in the number of properties it has under management following 12 franchisee-led acquisitions during 2017 across the country.
Tern's Device Authority signs five year deal
Internet of Things-focussed investment company Tern announced on Thursday that its investee company, Device Authority, has signed a five year contract for its ‘Automated PKI, Secure Gateway Provisioning & Registration and Credential Management’ product with a “leading” global manufacturer and vendor of machine to machine (M2M) and IoT devices.
Victoria continues to make 'good progress' in key markets
Investors in floor covering designer, manufacturer and distributor Victoria were gathering on Thursday morning for the company’s annual general meeting, with the board confirming that it had continued to make “good progress” in its key UK, European and Australian markets.
Ladbrokes Coral doubles divi as merger benefits grow, current trading robust
Ladbrokes Coral confirmed first-half operating profits at the top end of previous guidance, doubled its interim dividend and said synergies from last year's merger were expected to be more than double the original estimate.
Ian McDonough appointed Forbidden Tech CEO
Forbidden Technologies announced on Thursday that Ian McDonough would join the company as chief executive officer on 1 September, and would join the company's board immediately.
Restaurant Group sales shrink but confidence grows in turnaround
Restaurant Group sales deteriorated as the first half of the year wore on, but the Frankie & Benny's and Chiquito owner served up a flat dividend as it reported early signs of volume improvement and broke back into the black.
Brexit expected to have 'little direct impact' on Chesnara after Dutch acquisition
Life insurance and pension management firm, Chesnara said its recent acquisition of Legal and General Nederland for £137. 5m earlier this year was the cause of its soaring earnings in the first half.
Standard Life bests All-Share average return
Guernsey based firm, Standard Life Investments said that stronger than anticipated valuation increases and successful asset management brought about a total net asset value return of 6. 6% in the first half of the year.
Lloyd's files countersuit against Kanye West
Lloyd's of London filed a countersuit to Kanye West's claim that the bank and its insurance syndicates owed him $10m after the producer-turned-MC-turned-designer cancelled his Saint Pablo tour in November 2016 with more than 20 shows left to perform.