News And Announcements
Sainsbury's shop floor management rejig to affect 'thousands' of jobs
Supermarket chain Sainsbury's may cut thousands of jobs as part of a restructuring of its shop-floor management structure.
LoopUp Group claims strong trading for 2017
Remote meetings company LoopUp Group issued a trading update on Tuesday for its financial year ended 31 December.
SCISYS set to 'comfortably' meet current expectations
Bespoke software systems provider SCISYS issued a trading update for the year to 31 December on Tuesday, prior to entering into its close period.
Eagle Eye flags solid revenue growth
Software-as-a-service technology company Eagle Eye issued a trading update on Tuesday, ahead of its unaudited interim results for the six months to 31 December.
Gamma Communications expecting bumper earnings
Technology based provider of communications services Gamma Communications updated the market on its trading for the year to 31 December on Tuesday.
Vodafone to buy CYTA Hellas for EUR118m
Vodafone Greece has agreed to acquire CYTA Hellas, a provider of fixed and mobile telecommunications services in Greece, for a total enterprise value of €118m.
Buy-to-let lending provides a lift for Paragon
The buy-to-let lending market provided a solid first quarter boost for mortgage and business finance specialist Paragon Banking Group despite changes in regulations.
SSP delivers tasty rise in Q1 like-for-like sales
Branded travel catering group SSP on Tuesday said first quarter total revenue rose 13. 5% on a constant currency basis, with like-for-like sales growth of 2. 7%.
Oncimmune continues to make 'good progress' in first half
Early cancer detection company Oncimmune Holdings issued an update to the market on is business on Tuesday, ahead of the announcement of interim results expected on 13 February.
Assystem bid for SQS Software Quality goes unconditional
SQS Software Quality confirmed on Tuesday that the offer made for it by Assystem Services Deutschland has been declared unconditional in all respects.
Smith & Nephew expects lower tax rate from 2018 on US reforms
Medical technology group Smith & Nephew said on Tuesday that changes to the US tax system should reduce its corporate tax rate from 2018 by four to five percentage points.
Serabi Gold arranges extra $3m facility with Sprott
Brazil-focussed gold mining and development company Serabi Gold announced on Tuesday that, following its acquisition of Chapleau Resources and its 370,000 ounce Coringa gold project on 21 December, it has now arranged an additional $3m secured loan with its existing lender, Sprott.
Easyjet's sweet schadenfreude as Ryanair stumbles, others collapse
Easyjet reported 14. 4% higher sales and 1. 6% lower costs for the first quarter of its financial year as it benefited from the bankruptcies of Monarch, Air Berlin and Alitalia and from Ryanair's flight cancellations.
AIM newcomer Boku sees growth across the board
Independent direct carrier billing company Boku issued an unaudited trading update for the year to 31 December on Tuesday - its first since admission to AIM in November.
Castleton Technology secures two contracts worth £1.2m
AIM-listed software and managed services provider Castleton Technology has secured two multi-year contracts worth a total of £1. 2m.
Origin Enterprises buys Belgium-based Pillaert-Mekoson
AIM-listed agri-services group Origin Enterprises has bought Pillaert-Mekoson, a Belgian provider of standard and prescription fertilisers for an undisclosed sum on a debt dree and cash free basis.
Prudential to sell Vietnam consumer finance business for $151m
Prudential has agreed to sell its consumer finance business in Vietnam for $151m.
Metal Tiger partially sells down Kingsgate stake
Strategic natural resource opportunities investor Metal Tiger has sold 7,929,826 shares in Kingsgate Consolidated, it announced on Tuesday.
National Grid 'very disappointed' with Ofgem proposals for Hinkley-Seabank
National Grid issued a response to the energy regulator on Tuesday morning, after Ofgem published its 'minded-to' consultation on the delivery model for the Hinkley-Seabank project (HSB), in which it proposed the so-called ‘Competition Proxy’ model.
IG Group profits surge as offices abroad planned to offset regulation
IG Group grew profits 29% to record levels in the first half of its financial year even while the online trading provider made changes to protect the business from regulatory changes and Brexit, including planning new offices in Germany and the US.