News And Announcements
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John Laing invests in second US 'managed lanes' toll project
Infrastructure group John Laing has made a $155m (£118m) investment in the US I-66 'managed lanes' toll-road development.
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Ryanair widens website offer to include event tickets
Low-cost airline Ryanair, in partnership with digital ticketing agency Coras, has launched a new digital initiative aimed at selling theatre, music and sporting tickets to its customers on Thursday.
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BOS Global board 'committed' as working capital position worsens
Cloud-based software developer BOS GLOBAL updated the market on its current position on Thursday, reporting that it has continued to incur operational and overhead costs as it continues its product development and sales and marketing work.
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ITM Power secures power-to-gas study funding
Energy storage and clean fuel company ITM Power has secured funding from the Department for Business, Energy and Industrial Strategy (BEIS) as part of the ‘Energy Storage Feasibility Study Competition’ launched in January, it announced on Thursday, to collaborate with Northern Gas Networks to undertake a study examining the potential deployment of large-scale power-to-gas energy storage.
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Ncondezi signs non-binding offer with CMEC and GE
Ncondezi Energy announced on Thursday that it has signed a non-binding offer with China Machinery Engineering Corporation and General Electric South Africa at a formal signing ceremony in Beijing, China.
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Summit Therapeutics to present at Duchenne conference
Drug discovery and development company Summit Therapeutics announced on Thursday that both itself and collaborators from the University of Oxford would highlight the potential of utrophin modulation as a universal treatment for Duchenne muscular dystrophy (DMD)in several presentations at the 15th Action Duchenne International Conference 2017, taking place between 10 and 12 November in Birmingham.
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Flybe H1 profit drops but at upper end of guidance
Flybe posted near-50% drop in profit for the first half on Thursday as took a hit from increased aircraft maintenance costs.
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Lookers trading solid despite falling new-car sales
Lookers said trading was solid in September despite falling sales of new cars that have sent jitters through the industry.
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Inmarsat determined to grow in-flight internet at expense of profits
Satellite operator Inmarsat reported higher third quarter revenues thanks to encouraging maritime sales but lower profits as it continues to invest in grabbing market share in airline in-flight internet.
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Hikma Pharmaceuticals cuts generics guidance again
Hikma Pharmaceuticals cut forecasts for its generics business on Thursday for the third time this year as it pointed to challenging market conditions in the US.
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Beazley predicts catastrophe claims as high as $300m
Beazley said claims for natural catastrophes could be as much as $300m (£229m) in the second half after a spate of hurricanes, earthquakes and fires triggered claims for the Lloyd's of London insurer.
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Countrywide warns full year will be at lower end of market views
Estate agency Countrywide cautioned on Thursday that it expects results for the full year to be towards the lower end of the range of market expectations as housing transactions slow across the UK.
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SuperGroup on trend for profits after strong first half
SuperGroup, owner of the Superdry fashion brand, said it was on track to meet expectations for annual profit after a strong first half.
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Sainsbury's profits fall in first half despite inflation and cost cutting
Sainsbury's reported slowing sales in the second quarter and a 9% fall in underlying profits for the first half of the year, though the supermarket group expects growth to improve in the second half.
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Grafton revenue rises, reaffirms outlook
FTSE 250 builders merchant Grafton posted a rise in revenue for the 10 months to the end of October as it reaffirmed its expectations for the year.
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Derwent London staring down another record year for lettings
Derwent London updated the market on its third quarter trading on Thursday, claiming it was staring down another record letting year, reporting that it has let or pre-let 674,800 square feet achieving £41. 2m pa of rent in the year-to-date.
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Renewi performs better than expected in first half
Waste-to-products business Renewi reported revenue on a pro forma basis of £782. 9m for its first half on Thursday, up 4% at constant currency or 11% at actual rates.
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Vectura sinks to four-year low as generic Advair pushed back
Vectura and Hikma Pharmaceuticals hope a dispute resolution process with US drug regulators will their enable their generic version of GlaxoSmithKline’s Advair asthma treatment to overcome an outstanding hurdle.
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Redrow highlights slowdown in recent weeks
FTSE 250 housebuilder Redrow said on Thursday that trading in the first 18 weeks of the current financial year has been in line with expectations, but it also highlighted a slight slowdown in sales in recent weeks amid ongoing political and economic uncertainty.
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IMI signals slightly above-market expectations after Q3
Specialist engineering company IMI said progress with its strategic initiatives continued in the third quarter on Thursday, with expectations for the year slightly ahead of market estimates.