News And Announcements
AstraZeneca secures European approval for asthma drug
Biopharmaceutical company AstraZeneca has received approval from the European Commission (EC) for its asthma medicine Fasenra.
LSE sees no material impact from US tax changes
London Stock Exchange said on Wednesday that changes to the US tax system are not expected to have a material impact on the group.
Gaming Realms signs partnership agreement with Health Lottery
AIM-listed Gaming Realms, a developer, publisher and licensor of mobile real money and social games, has signed a partnership agreement with the Health Lottery.
Carphone Warehouse hit with £400,000 fine over data security breach
Dixons Carphone's mobile phone retail arm Carphone Warehouse has been slapped with one of the largest fines ever issued by the Information Commissioner's Office (ICO) after one of the company's computer systems was compromised as a result of a 2015 cyber attack.
Everyman Media Group 2017 trading in line
Cinema operator Everyman Media Group said on Wednesday that trading in 2017 has been line with market expectations as it maintained a positive outlook for this year and beyond.
Rio Tinto agrees $500m sale price for French smelter
Rio Tinto has received a binding offer to sell its Dunkerque aluminium smelter in northern France for $500m from Tata Steel owner Liberty House.
Moss Bros warns on profits after 'tough' December
Hot on the heels of profit warnings from Debenhams and Mothercare, specialist menswear retailer Moss Bros warned on Wednesday that full-year pre-tax profit was likely to come in “slightly below” current market expectations due to lower-than-anticipated footfall in December.
Euromoney sells II Journals to Pageant Media
Business information and events group Euromoney has sold its Institutional Investor Journals (II Journals) business segment to Pageant Media for an undisclosed sum.
FCA warns of failings in firms providing CFDs to retail investors
Several City brokers providing contracts for difference (CFDs) to retail investors are causing "serious concern" at the UK financial regulator, which wrote to 19 providers with a warning about their conduct.
PageGroup hits record profits but Brexit worries hurt UK ops
Recruitment firm PageGroup said full year gross profits hit a record £711. 6m in 2017 from £621m a year earlier, but warned that Brexit uncertainties were still causing “challenging” conditions in the UK.
Dixons Carphone FD Humphrey Singer to replace Weir as M&S CFO
Marks and Spencer said on Wednesday that Humphrey Singer - currently group finance director at Dixons Carphone - will replace Helen Weir as chief finance officer.
Tullow Oil 2017 cash generation beats expectations
Tullow Oil said on Wednesday that it expects to generate free cash flow above expectations for 2017 thanks to high levels of production and cost efficiency.
Centamin beats 2017 production forecast and expects more in 2018
Centamin unearthed more gold from its Egyptian mine than expected last year and expects to increase production by another 6% in 2018.
OneSavings Bank slides as JC Flowers sells 10% stake
OneSavings Bank was in the red on Wednesday after private investment firm JC Flowers & Co sold around 24. 3m shares in the company.
WPP buys Portuguese creative agency BAR
Advertising giant WPP has acquired Portuguese creative agency BAR for an undisclosed sum.
Sainsbury's ups profit target as Argos adds online cheer over Christmas
After a strong Christmas trading period in which online sales represented a fifth of total sales, Sainsbury's said full year profits are now likely to beat the current consensus forecast.
Big Yellow Q3 revenues up 8% to £29.6m
Storage group Big Yellow on Wednesday said third quarter like-for-like revenues rose by 8% to £29. 6m.
Senior finishes year on a high, expects one-off US tax benefit
Senior, the aerospace and defence engineer, said a good performance in November and December and a benefit from US tax changes will see earnings come in higher than expected.
Superdry online sales help lift H1 pre-tax profits
Trendy fashion outlet Superdry said underlying half year pre-tax profits rose 20. 5% to £25. 3m as online sales helped to boost revenue along with forex tailwinds.
LondonMetric pockets £5.8m from sale of B&Q warehouse in Hull
LondonMetric Property’s joint venture with Universities Superannuation Scheme, the Metric Income Plus Limited Partnership, has sold a B&Q warehouse in Hull for £11. 6m, reflecting a blended net initial yield of 6. 0%.