News And Announcements
Post Office to withdraw mortgage service from shops
The Post Office on Thursday said it would now only offer its mortgages online, resulting in a number of jobs losses.
Cash boost for Great Portland Estates investors
Great Portland Estates is to return £306m to shareholders, the FTSE 250 property firm said on Thursday.
FCA slaps £1m fine on Interactive Brokers UK
The Financial Conduct Authority has fined Interactive Brokers UK more than £1m for poor market abuse controls and for failing to report suspicious client transactions.
MySale earnings surge in first half
International online retailer MySale Group issued a trading update for the six months to 31 December on Thursday, reporting that underlying EBITDA grew 80% to a record AUD 5. 5m.
Bacanora files feasibility study for Sonora Lithium Project
Lithium company Bacanora Minerals announced on Thursday that it has now filed the feasibility study for the Sonora Lithium Project in Mexico, which was previously announced on 12 December.
Elektron purchases macular pigment screening device patent
Elektron Technology announced on Thursday that its Elektron Eye Technology business (EET) has purchased the patent of the MPS II macular pigment screening device for the sum of £0. 22m.
Findel reports strong Christmas trading in retail business
Online value retail and education business Findel issued a trading update covering the 42-week period ended to 19 January on Thursday.
High street retailers still suffering in January - CBI
There was further disappointing news from the under-pressure high street on Thursday, when the CBI reported weaker than expected January sales data.
Diageo toasts European gin drinkers as North Americans eschew vodka
Guinness and Scotch whisky maker Diageo toasted stronger first half sales and profits but a decline in Asia Pacific and soft growth in North America meant growth was watered down somewhat.
Haynes shares motor on signs of turnaround
Shares in car manual publisher Haynes motored on Thursday as the company reported a strong rise in first half profits.
Mission Marketing grows as it consolidates back-office functions
Technology-focussed marketing communications and advertising company The Mission Marketing Group issued a trading update for the year to 31 December on Thursday, reporting that 2017 had been “another year” of growth, with results for the year expected to be in line with market expectations.
Greene King sales still lacking fizz
Pub company sales at Greene King remained lower over third quarter, though the Christmas period saw them froth higher briefly and management remain confident of cutting costs over the year.
Itaconix licenses non-core polymer assets to tremco-illbruck
Itaconix announced on Thursday that it has licensed certain non-core polymer assets developed under a joint development agreement, to tremco-illbruck - a division of RPM International.
Rise in revenue offsets drop in client numbers for CMC Markets
CMC Markets posted record operating income in the third quarter, with a jump in revenue helping to offset a drop in active client numbers, as the spreadbetter cautioned over the impact of regulatory uncertainty.
KKR sells off remaining stake in Pets at Home
US private equity firm KKR has sold its remaining stake in Pets at Home.
High street bank mortgage approvals fall to near three-year low
UK mortgage approval numbers dropped off more than expected last month with approvals by the main high street banks falling to their lowest level since January 2015, data from the industry showed on Thursday.
Foxtons earnings, revenue drop amid 'challenging' market
Estate agent Foxtons said on Thursday that full-year earnings and revenue will down on the previous year amid “challenging” conditions, which are expected to continue throughout 2018.
Kaz Minerals posts bumper copper production
Kaz Minerals reported a bumper increase in full-year copper production on Thursday, with the figure rising 80% over 2016 to 259 kt in the 2017 calendar year.
Brewin Dolphin total funds rise in first quarter
Wealth manager Brewin Dolphin on Thursday reported a first quarter 3. 5% increase in total funds to £41. 5bn, assisted by strong inflows to core services.
Hornby warns over larger-than-expected full-year loss
There was more bad news for Hornby on Thursday as the AIM-listed model train set maker warned that full-year losses are likely to be bigger than it had expected.