News And Announcements
Cobham says trading in line with expectations
Cobham said trading in 2017 was generally in line with expectations after the aerospace and defence supplier issued a string of profit warnings and was forced to raise funds from shareholders.
Premier Foods squeezes out H1 profit thanks to strategic partnerships
Mr Kipling and Paxo owner Premier Foods squeezed out a profit in the first half of the year as revenue rose thanks to its strategic partnerships with Mondelez and Nissin.
Great Portland Estates confident in ongoing growth despite market uncertainty
Great Portland Estates reported a 1% improvement in its portfolio valuation in its first half results on Wednesday, with the value of its developments rising 1. 6% over the half-year.
Card Factory revenue grows but margins under pressure
Greeting card retailer Card Factory increased its revenue 6. 7% in the nine months leading to 31 October, driven principally by growth in lower margin non-card categories.
Pollution authorities revoke closure order on Vedanta power units
Vedanta Resources confirmed on Wednesday that the State Pollution Control Board in the Indian state of Odisha, through its order on 10 November, has revoked the closure order on the remaining two power units that were shut down as directed by them on 13 September.
Barratt Developments hails strong start to year, private sales remain strong
Housebuilder Barratt Developments said on Wednesday that it has made a strong start to the year and remains confident of delivering a good performance in FY18.
AstraZeneca upbeat on FDA approval for asthma treatment Fasenra
AstraZeneca and its global biologics research and development arm, MedImmune, announced on Wednesday that the US Food and Drug Administration has approved Fasenra (benralizumab) for the add-on maintenance treatment of patients with severe asthma aged 12 years and older, and with an eosinophilic phenotype.
Legal & General Investment Management buys ETF platform Canvas
Legal & General Group announced on Wednesday that Legal & General Investment Management Holdings has entered into an agreement to acquire Canvas, the established exchange traded fund platform of ETF Securities, for an undisclosed consideration.