News And Announcements
Ryanair may face new pilot battle amid flight cancellation fallout
Budget airline Ryanair was battling to deal with the 2,100 flights it cancelled this week after an error caused by a mix-up of pilots’ holidays, which could be followed by further problems with repercussions for its growth plans.
HTC suspends shares amid Google takeover speculation
Trading in shares of Taiwanese technology group HTC will be suspended on Thursday following reports that Google parent Alphabet is planning a takeover.
Revenue, profit take a dip at Reach4entertainment
Transatlantic media and entertainment company Reach4entertainment reported a 14. 5% dip in revenue for its first half on Wednesday, with gross profit falling 8. 7% to £10. 5m.
Investors told of 600 Group's 'confidence'
Machine tools and laser systems designer, distributor and manufacturer 600 Group updated the market on its trading on Wednesday, as investors gathered for its annual general meeting.
Blur Group to raise £1.2m through conditional placing
Blur Group announced on Wednesday that it intended to raise £1. 2m before expenses by way of a conditional placing of ordinary shares at a price of 4p per ordinary share, to raise gross proceeds of £1. 2m.
Frontier IP's Alusid extends SilicaStone range
Intellectual property commercialisation specialist Frontier IP noted on Wednesday that its portfolio company Alusid has launched an extension to its ‘SilicaStone’ range of sustainable alternatives to traditional stone.
Mercia puts £1.9m into Warwick Audio Technologies
National investment group Mercia Technologies announced that it has invested £1. 9m as part of a £3. 1m syndicated round into University of Warwick spinout, Warwick Audio Technologies.
Reduction in cash 'temporary', says Getech
Geoscience and geospatial provider Getech Group updated the market on its 2017 financial year on Wednesday, confirming it closed sales with a total value of £8. 5m, of which £7. 7m would be recognised in its results.
Christie Group promotes Dan Prickett to COO
AIM-listed Christie Group said on Wednesday that executive chairman Philip Gwyn has retired, while chief financial officer Dan Prickett has been promoted to the role of +chief operating officer.
Kingfisher flies as half-year profits pip forecasts, though caution remains
Kingfisher posted better profits than were expected for the first half of the year but the do-it-yourself retailer remained cautious on the second half backdrop in the UK and France.
Science in Sport losses widen despite rise in revenue
AIM-listed sports nutrition company Science in Sport posted a wider first-half pre-tax loss on Wednesday despite a jump in revenue, as it invested heavily in its international business.
Peel Hotels agrees five-year term loan facility with Allied Irish Bank
AIM-listed Peel Hotels has entered into a £9. 9m five-year term loan facility with Allied Irish Bank.
CyanConnode receives $29m purchase order from Ukraine's NIK
Narrowband radio mesh network specialist CyanConnode has received a purchase order worth $29m from its strategic partner NIK, it announced on Wednesday, for a smart metering contract in Ukraine.
PowerHouse enters MoU for major Qatar projects
PowerHouse Energy Group announced on Wednesday that it has entered into a memorandum of understanding with Energy & Environment Holding (EEH), an independent consulting firm specialising in energy, environment, privatisation, and sustainable development based in Doha, Qatar.
Mitie to cut around 480 jobs, considers selling property management business
Outsourcer Mitie was under the cosh on Wednesday as it said it will cut around 480 jobs as a result of its transformation programme and announced that it is considering selling its property management business.
Shire reports positive results from ADHD trials in Japan
Shire and partner Shionogi have produced positive top-line clinical results in treatment of attention deficit hyperactivity disorder (ADHD) in Japanese adults with ADHD.
Domino's Pizza announces share buyback
Domino's Pizza Group announced a £15m share buyback to be completed by mid-October.
Vietnam Enterprise Investments beats index in first half
Vietnam Enterprise Investments reported a 26. 5% improvement in its net asset value per share for its first half on Wednesday, to $5. 58, which it said outperformed the VN index by 7. 9%.
Babcock trading in line, reaffirms full-year guidance
Babcock reiterated its guidance for the year on Wednesday as it said trading has been in line with its expectations.
Cairn Energy agrees amended timetable for India tax dispute
Cairn Energy updated the market on its ongoing tax dispute with the Government of India on Wednesday, which was taking place under the UK-India Bilateral Investment Treaty.