News And Announcements
Director dealings: Entertainment One CEO disposes of nearly £4m worth of shares
Entertainment One chief executive Darren Throop cashed in more than 1. 35m ordinary shares in the firm on Thursday, collecting just shy of £4m for his efforts.
Earthport sees revenues grow as payments network expands
Cross-border payments network Earthport issued an unaudited trading update for the six months ended 31 December on Thursday, reporting 8% growth in revenues over the prior year to £15. 4m.
Per-user revenues fall at The People's Operator
Cause-based mobile virtual network operator (MVNO) The People's Operator updated the market on its trading and operations for the 12 months ended 31 December on Thursday, confirming that revenues for the 2017 financial year would be about £3. 55m, in line with management forecasts.
Venn Life Sciences trades in line as it looks to future strategy
Integrated drug development company Venn Life Sciences issued a trading and strategy update on Thursday, with the board describing 2017 as “another solid year”.
Anisa acquisition sees Sanderson make solid start
Investors in digital retail technology and enterprise software specialist Sanderson Group were told of the company’s performance since its expansion through the acquisition of the Anisa Group at its annual general meeting on Thursday.
Melrose appends another chapter to long-winded war of words with GKN
As if investors weren’t tired of it already, the board of Melrose felt it necessary on Thursday afternoon to respond to a document issued by GKN earlier in the day, in which the latter defended its decision to pursue a new strategy in a bid to return £2. 5bn to shareholders over the next five years.
Indivior increases profits, legal provisions, 2018 guidance
Indivior, the opioid addiction drug specialist, increased its financial provisions over potential US litigation by $210m as it reported 3% revenue growth for last year and guided to further growth in 2018.
CapCo confirms talks with Mayor's Office of West London building
Capital & Counties is in talks with the office of the Mayor of London over the ongoing use of the Empress State Building in West London by the Metropolitan Police.
Credit Suisse and Deutsche Bank trim target prices on Shire
Analysts at both Credit Suisse and Deutsche Bank dropped their target prices for Shire after the biotech group said its sales would grow in mid-single figures and profits would rise at a more glacial pace.
Ten Lifestyle wins new contract with Visa
AIM-listed Ten Lifestyle, a technology-enabled lifestyle and travel platform, has won a new, additional contract with Visa to provide concierge services to its high and ultra-high-net-worth clients as part of its Visa Infinite and Visa Signature affluent card concierge programmes.
South Africa-exposed stocks rally on Zuma resignation
Old Mutual, Anglo American and Mondi - which all have dual listings on the London Stock Exchange and the Johannesburg Securities Exchange - racked up healthy gains on Thursday after South Africa's Jacob Zuma bowed to pressure and resigned as President.
Burberry in e-commerce tie-up with Farfetch
Luxury fashion house Burberry has teamed up with e-commerce platform Farfetch in a move that will make all of its products available online in more than 150 countries.
Laura Ashley warns on full year as interim profit drops
Laura Ashley warned on Thursday that full-year profit will come in below market expectations amid challenging conditions, as it posted a drop in interim profit and sales, lumping the blame on a weaker pound.
Lidl keeps up pace with store openings to overtake upmarket rivals
Lidl is set to open 19 new stores in the first two months of 2018, creating 700 new jobs across the country, as the German-owned discounter looks to overtake Waitrose as the UK's seventh largest grocer.
Stadium Group surges on TT Electronics deal
Shares in Stadium Group surged on Thursday after it agreed to be bought by TT Electronics for 120p per share in cash, or around £45. 8m.
BGEO's Georgia Capital considering Eurobond issuance
BGEO Group, formerly Bank of Georgia, said on Thursday that its investment business holding company, Georgia Capital, has mandated a number of investment banks to consider the potential issuance of a Eurobond.
Standard Life to take £40m hit as Lloyds pulls funds
Standard Life Aberdeen (SLA) said it was making an impairment charge of around £40m after Lloyds Bank announced it was withdrawing an estimated £100bn in funds controlled by its Scottish Widows investment arm.
Chemical tanker market remains 'challenging', says Odfjell
Chemicals and bulk liquids shipping giant Odfjell reported its fourth quarter results on Thursday, which the board said reflected a “challenging” chemical tanker market with some seasonal improvements.
Oxford BioMedica signs collaboration agreement with Bioverativ
Gene and cell therapy group Oxford BioMedica announced on Thursday that it has completed a major new collaboration and licence agreement with Bioverativ, for the development and manufacture of lentiviral vectors to treat haemophilia.
Addex Therapeutics raising £41m to advance drug candidates
Oral allosteric modulators developer Addex Therapeutics announced on Thursday that it was seeking shareholder approval to increase its share capital by issuing up to 12,779,553 new shares at a price of CHF3. 13.