News And Announcements
Bell Pottinger on brink of collapse after expulsion from PRCA
Bell Pottinger, one of the City's largest public relations firms, is facing collapse as clients are expected to jump ship after it was ejected from the industry trade body on Tuesday over its highly controversial 'White Monopoly Capital' campaign in South Africa.
Cairn Homes builds itself a stronger revenue stream but falls short of profits
Cairn Homes said on Tuesday its revenues soared in the first six months of the year, but the Irish housebuilder was still unable to turn a profit.
Gear4music still playing out solid performance
Gear4music, the UK’s largest online musical instruments and equipment retailer, reported a 44% increase in total revenue in its first half on Tuesday, with continued “strong growth” in the UK and across Europe.
Itaconix signs application agreement with AkzoNobel
Itaconix announced on Tuesday that it signed an application agreement with AkzoNobel's specialty chemicals business to evaluate and develop “innovative” bio-based chelates for use in the consumer and industrial detergents and cleaners markets.
C4X makes progress with drug discovery 'engine'
Drug discovery company C4X Discovery Holdings updated the market on its ‘Drug Discovery Engine’ and portfolio progress on Tuesday.
Cambria trading in line, although outlook uncertain
Cambria Automobiles confirmed in a trading update on Tuesday that its trading for the 11 months to 31 July was in line with expectations.
Sopheon upbeat on success of Accolade software
Enterprise innovation management software and expertise provider Sopheon said on Tuesday that advances in configurability and security were further strengthening its Accolade software to manage “increasingly varied” sets of portfolios across a customer's organisation.
IAG traffic up in August but BA and Vuelling buck trend
British Airways and Iberia parent International Consolidated Airlines Group reported a rise in traffic in August.
Galileo reaches joint-venture agreement with BMR for Star Zinc acquisition
Galileo Resources announced on Tuesday that it had reached an agreement in its joint-venture partnership with Star Zinc to the sound of $1m cash.
BMR Group reaches agreement with Galileo for Star Zinc acquisition
BMR Group updated the market on the acquisition of Star Zinc on Tuesday, following its previous announcement on 31 August regarding the signing of a term sheet to enter into a joint venture agreement with Galileo Resources.
US-based Verint to take over EG Solutions for £26.3m
Back-office workforce optimisation company EG Solutions has agreed to be taken over by US data analytics group Verint WS Holdings for £26. 3m in cash.
Non-food sales recover to 2015 levels - BRC
UK retailers last month enjoyed their strongest year-on-year growth since Easter, but .
Osirium teaming up with EB2BCOM in Asia Pacific
Cyber-security software-as-a-service provider Osirium Technologies announced a new partnership with EB2BCOM, to take its privileged access management product to the Asia Pacific region, on Tuesday.
Azerbaijan embroiled in allegations of secret £2.2bn slush fund
Azerbaijan, the oil-rich former Soviet state, has been laundering money through the UK, an investigation has revealed, with a secret £2. 2bn fund to pay off European politicians.
Dispute over tougher sanctions on North Korea deepens
Imposing tougher sanctions on North Korea over its missile programme would be "useless and ineffective" Russian President Vladimir Putin said on Tuesday, even as the US called for the "toughest sanctions possible".
JJ Traynor appointed CFO of Sound Energy
Africa and Europe-focussed upstream gas company Sound Energy announced the appointment of JJ Traynor as its chief financial officer on Tuesday, with immediate effect.
Lego to cut 8% of workforce as it resets business amid sales drop
Danish toymaker Lego announced plans to cut around 8% of its global workforce as it reported a drop in profit and sales for the first half.
Admiral's overseas weakness leads to Berenberg's sinking rating
FTSE 100-listed insurance firm Admiral Group was downgraded by Berenberg Bank on Tuesday after its analysts pointed towards weakness in the company’s international operations.
Redrow profits jump 26% despite slowdown, dividend hiked 70%
FTSE 250 housebuilder Redrow reported a 26% jump in full-year pre-tax profit on Tuesday as it hiked its dividend by 70% and upgraded its guidance.
IXICO signs extension to largest existing contract
AIM-listed digital technologies company IXICO has signed an extension and expansion to its largest existing contract for a Phase II/III clinical trial in Alzheimer's disease.