News And Announcements
Shell begins $1bn retail investment charge into Mexico
As Donald Trump plans his massive border wall, Royal Dutch Shell unveiled plans to invest $1bn in a retail-based expansion in Mexico, the fifth biggest consumer of gasoline in the world, after the company opened its first service station in the country this week.
Tiziana Life Sciences develops oral foralumab formulation
Clinical stage biotechnology company Tiziana Life Sciences announced the development of a novel, proprietary, oral formulation of foralumab on Wednesday.
Fulham Shore notes difficult trading, keeps menu prices stable
Investors in Fulham Shore were told of the company’s progress at its annual general meeting on Wednesday, with chairman David Page confirming that, in the financial year to date, the company had opened seven Franco Manca pizzeria in the UK, a single Franco Manca franchise in Italy, and three restaurants branded The Real Greek.
Epwin confident despite Entu collapse
Low-maintenance building products manufacturer Epwin Group updated the market on changes to circumstances within its customer base on Wednesday, following its report on 16 August that one of its customers - accounting for 5% of group revenue - was facing “significant funding issues”.
Character Group appointed master UK distributor for Pokemon toys
Character Group announced on Wednesday that its principal trading subsidiary, Character Options, has been appointed the master toy distributor in United Kingdom and Ireland for the “globally popular” Pokémon brand.
Labour pushes for ban on football kits sponsored by bookmakers
Jeremy Corbyn’s Labour Party has proposed a ban on football kits sponsored by bookmakers and gambling websites.
Mountfield Group awarded £0.75m in services upgrade contracts
Mountfield Group announced on Wednesday that it has been awarded contracts to the value of £0. 75m to undertake the upgrading of services, with associated architectural works, to three sites in the South of England.
Nostra Terra nabs remaining 12.5% of Pine Mills oilfield
Egypt and US-focussed oil and gas exploration and production company Nostra Terra announced on Wednesday that it has successfully secured the remaining 12. 5% working interest in the Pine Mills oilfield in Texas, meaning it now has 100% ownership of Pine Mills.
Hurricane Irma effects potentially catastrophic
Irma, the most powerful Atlantic hurricane in a decade has hit the Caribbean islands as British tourists are evacuated.
Property Franchise warns on full-year profits
AIM-listed Property Franchise Group warned on Wednesday that underlying profits for the full year are likely to be below market expectations.
Sports Direct reiterates earnings guidance, confirms Flannels deal
Sports Direct reiterated its full-year guidance on Wednesday as it expressed optimism over its outlook and confirmed that it now owns 100% of Manchester-based luxury and designer fashion chain Flannels.
HSBC leaves 1m businesses without bank managers
According to the Daily Mail as many as 1m businesses were left stranded without a bank manager at HSBC, leaving them with call centre staff who had chosen to freeze their accounts, meaning they were unable to pay suppliers or staff, in what was referred to as a "botched crackdown on crime" after the global lender was hit with a £1. 2bn fine in 2012 for its role in laundering drug money for Mexican cartels.
Global Invacom approved to supply major US satellite broadcaster
Satellite communications equipment provider Global Invacom Group has received approval from one of its largest customers, an unnamed US satellite TV broadcaster, to supply a new triple-feed low noise block (LNB) product covering the western United States region, it announced on Wednesday.
ULS launches new conveyancing service for Magellan Homeloans
Conveyancing and financial intermediary business-to-business platform provider ULS Technology announced the launch of a new conveyancing service developed for the mortgage lender Magellan Homeloans on Wednesday.
Trivago shares tank on profit warning
Trivago shares tanked in pre-market trade on Wednesday after the hotel search site warned that its results for the third quarter and full year would be below previous expectations.
Bell Pottinger on the market as clients leave in droves
After being suspended from the Public Relations and Communications Association (PRCA) on Tuesday as a result of an investigation into its questionable work on an advertising campaign that stoked racial tensions throughout South Africa for Oakbay Capital, Bell Pottinger began to lose major clients on Wednesday.
Hornby warns over full-year performance
AIM-listed model train set maker Hornby warned over its full-year performance on Wednesday as trading in the financial year to date has been behind the board's expectations due to increased competition and weaker demand over the summer.
Micro Focus hails higher profits at HPE Software
UK based software company Micro Focus International confirmed third quarter results for HPE Software, the HP Enterprise unit with which it has just merged, which displayed a softer revenue but improved operating margins.
Aukett Swanke's Adelphi refurb a winner with tenants
Aukett Swanke Group said on Wednesday that the 326,000 sq ft Adelphi Building, on the north bank of the Thames in London's West End, had been fully let shortly after the completion of a five year phased refurbishment programme led by the company.
ReNeuron makes solid progress with drug candidates
Cell-based therapeutic development company ReNeuron Group updated the market on its current trading on Wednesday, as investors gathered for its annual general meeting.