News And Announcements
Berenberg upgrades Marshalls to buy, raises target price to 510p
Analysts at Berenberg upgraded their view on Marshalls from an initial 'hold' to a 'buy' on Wednesday, citing its strong domestic performance after acquiring precast concrete manufacturer CPM in October as its reasoning.
President Energy expecting $3m from Argentine sales in November
Upstream oil and gas company President Energy updated the market on its operations at its Puesto Flores Field in Rio Negro Province, Argentina on Thursday, reporting that it is expecting more than $3m net cash proceeds from its Argentine oil sales in November.
Plutus PowerGen brings Crumlin facility into operation
Flexible energy generation developer Plutus Powergen has brought the 20MW FlexGen facility in Crumlin, South Wales, into operation, it announced on Thursday, to help to mitigate the current and forecast risk of an energy deficit.
Babcock wins RAF contracts worth £160m
Engineering services company Babcock has been awarded three “significant” new regional contracts by the UK Ministry of Defence to provide technical support services to the Royal Air Force.
Angling Direct reels in two new stores in the North West
Specialist fishing tackle retailer Angling Direct announced on Thursday that it has acquired the stock and goodwill of North West Angling Centre and Tacklesaver for a total consideration of £0. 45m payable in cash, plus stock at valuation.
Asda sales rise for second quarter running
Asda has clocked up rising sales for the second quarter in a row as the supermarket chain heads into the peak Christmas trading period.
MySQUAR launches sequel to popular fishing game
Myanmar-language social media, entertainment and payments platform MySQUAR launched a new casual game called Fish Hunter - Kotanger 3D on Thursday.
Eddie Stobart reports good contract progress ahead of Christmas
Eddie Stobart updated the market on its contract progress across all business sectors on Thursday, reporting that in its retail sector it now provides services to “most” of the major supermarkets in the UK.
Harwood Wealth sees FY earnings, revenue ahead of market views
AIM-listed Harwood Wealth Management said on Thursday that full-year revenue and adjusted earnings are set to be ahead of market expectations.
PM to 'take charge' of housing as housing associations pledge homes boost
A UK house-building surge is on the cards as Prime Minister Theresa May pledged to take "personal charge" of fixing the housing market, while a significant technical change is expected to produce a major boost in output from housing associations.
Trinity Mirror names Nick Prettejohn as next chairman
Trinity Mirror has announced Nick Prettejohn will take over as chairman next year as the newspaper group seeks to manage falling circulations and a phone-hacking scandal.
BT to invest £20m in Northern Ireland broadband rollout
Telecom giant BT Group is set to invest £20m in a major expansion of its broadband services in Northern Ireland.
Buy Centrica on share price weakness, Kepler Cheuvreux says
Kepler Cheuvreux has upgraded Centrica to 'buy' after shares of the energy provider fell past the broker's valuation of the business.
Victoria to buy floor tiles manufacturer Keraben for €274m
Floor coverings manufacturer and designer Victoria has agreed to buy Keraben, a European manufacturer of branded floor and wall ceramic tiles, for a total consideration of €274. 1m from Tensile-Keraben Holdings.
Young's confident in British thirst despite market concerns
Brewer and pub operator Young & Co’s reported another period of “strong performance” in its first half on Thursday, with total revenue up 6. 0% to £144. 1m.
Safestore revenues up 10%
FTSE 250-listed self-storage group Safestore increased like-for-like revenue 3. 3% on a constant currency basis in the twelve months leading to 31 October, boosting its total revenue above the previous year's figure along the way.
Genus hails firmer beef prices as Sexcel offering received warmly
Animal genetics specialist Genus is trotting confidently towards full year growth targets after a "generally favourable" first four and a half months of its financial year.
GKN parts company with CEO-designate Cummings
GKN has parted company with Kevin Cummings, only two months after saying he would step up to be chief executive at the aircraft and vehicle parts maker, and warned of further issues at its aerospace business.
Assura plans £330m fundraise for development, refinancing
Assura announced a proposed share issuance on Thursday, to raise gross proceeds of up to £300m through the issue of up to 526,315,789 new ordinary shares by way of a firm placing, placing and open offer.
Assura profits surge as pipeline remains 'strong'
Primary care property investor Assura announced its half year results for the six months to 30 September on Wednesday, reporting a 76% increase in profit before tax to £73. 4m.