News And Announcements
Boeing beats the Street as it stays on track to beat on production record
Boeing announced on Wednesday that it was on track to deliver as many as 815 new commercial aircraft in 2018, almost 7% over the industry-record 763 it manufactured a year earlier.
Global Invacom launches Japan office, rebrands UK subsidiary
Satellite communications equipment provider Global Invacom Group said it has strengthened its international business footprint through the launch of an office in Japan in an update on Wednesday.
Morses Club trading in line, outlines impact of IFRS 9 rules
Home-collected credit lender Morses Club updated the market on its trading on Wednesday, as well as issuing an IFRS 9 update.
Johnson Matthey agree battery material collaboration
Johnson Matthey has sold its automotive battery systems business to US power company Cummins but agreed to collaborate on developing the UK group's new high energy battery material.
ScS releases solid half-year trading growth
Upholstered furniture and floorings retailer ScS issued a trading update on Wednesday, ahead of announcing its interim results for the half year to 27 January, which was scheduled to be on 21 March.
LSL Property Services acquires Personal Touch assets
LSL Property Services announced on Wednesday that it has acquired the entire issued share capital of Personal Touch Financial Services and its subsidiary company, Personal Touch Administration Services, from Personal Touch Holdings.
Ministry of Defence facing shortfall of nearly £21bn, audit office finds
Defence contractors such as Babcock, Ultra Electronics and QinetiQ were rattled by an official report that the budget to arm Britain's military could be facing a funding shortfall of anywhere between £4. 9bn and £20. 8bn.
Vedanta's India arm posts 'robust' third quarter
Vedanta Resources' Indian subsidiary Vedanta Ltd insisted it was was on course for a strong finish to the year after a “robust” third quarter.
EU draws a line through City talks on bank passport rights
The European Union continued to maintain to a hardline approach to the British banking sector, after diplomats confirmed there was no room for discussion about passport rights.
Canaccord cuts Tullow Oil to 'hold' from 'buy', questions Kenya resources
Canaccord Genuity revised its stance on Tullow Oil on Wednesday from 'buy' to 'hold', cutting its target price from 250p to 220p following reports the company may not hold quite as much recoverable oil at its Kenyan asset as previously believed.
Ryanair goes green with plan to scrap plastic
Ryanair said it wants to be the greenest airline by scrapping non-recyclable plastic as the budget carrier seeks to improve its image after a series of setbacks.
Oversubscribed placing raising £2.6m for i3 Energy
Independent oil and gas company i3 Energy updated the market on its funding progress on Wednesday, reporting that strong progress has been made advancing multiple funding options to finance its 2018 development programme.
Rolls-Royce brings Bell back from Boeing to boss defence arm
Rolls-Royce has lured Tom Bell back from Boeing to lead its enlarged defence business in a further shake-up at the aerospace group.
Solid third quarter trading at discoverIE Group
Designer, manufacturer and supplier of customised electronics discoverIE Group updated the market on its third quarter trading to 31 December on Wednesday, reporting that trading continued “strongly” with the group remaining on track to deliver its full year performance in line with management's expectations.
Keras upbeat on recent drilling at Copenhagen and Fieldings Gully
Mineral resource company Keras Resources updated the market on Wednesday, following an announcement published by Calidus Resources.
Solid performance reported at 3i Infrastructure
Long-term infrastructure asset investor 3i Infrastructure updated the market on its performance for the period from 1 October to 31 December on Wednesday - a period in which two divestments were announced, generating estimated gross proceeds of £1. 12bn.
Ashley House swings to interim loss as revenue drops
AIM-listed health and community care property partner Ashley House said on Wednesday that it swung to an interim loss as revenue declined.
Real Good Food expects full-year loss of up to £3.5m
Shares in AIM-listed diversified food business Real Good Food slid on Wednesday after the company said it now expects to make a full-year loss following weaker-than-expected trading late last year.
UK watchdog sets out concerns over high overdraft fees
The Financial Conduct Authority has warned banks and other lenders it is concerned about fees they charge customers for unauthorised overdrafts.
Capita restructuring and contract delays spark wider concerns
Outsourcing group Capita has shelved its dividend and plans a rights issue this year, alongside select disposals as new boss Jon Lewis finds the business "too complex", inflexible and indisciplined in structure and "short-term" in focus.