News And Announcements
GCP Infrastructure hit by concerns over housing association client
GCP Infrastructure Investments played down the possible effects on its business after worries were raised by regulator Homes England about a social housing company that rents some of its properties.
Starcom share price plunges as board flags bigger losses
Remote tracking, monitoring and protection specialist dealt a blow to its share price on Thursday, after the board confirmed a significant downgrade to its expectations for the 2017 year ahead of its final results.
Arbuthnot banks on final results in line with expectations
Arbuthnot Banking Group issued a pre close trading update on Thursday, ahead of its final results announcement for the year ended 31 December, which was scheduled for 28 March.
Sareum notes success of PARP inhibitor SRA737
Specialist cancer drug discovery and development business Sareum Holdings noted on Thursday that Sierra Oncology - the licence holder advancing clinical cancer candidate SRA737 - announced yesterday that it will present preclinical data demonstrating that its Chk1 inhibitor SRA737 synergises with niraparib - a poly ADP-ribose (PARP) inhibitor - in a poster at the American Association of Cancer Research annual meeting 2018 being held in Chicago from 14-18 April.
Oakley Capital fund offloads two investments
Oakley Capital Investments announced on Thursday that the Oakley Capital Private Equity Fund II has reached an agreement to sell its 38. 5% stake in Parship Elite Group, and its 9. 9% stake in Verivox, to NuCom Group - ProSiebenSat. 1's commerce unit.
Zinc Media divisions pick up several new TV commissions
Television and multimedia content producer Zinc Media Group announced on Thursday that its television subsidiaries, Blakeway and Tern Television, have been awarded four significant production commissions.
Unions demand urgent meeting with British Gas over plan to cut 4,000 jobs
The Unite union on Thursday called for urgent meeting with British Gas after the company said it was planning more than 4,000 job cuts.
Vitec Group posts record numbers in 'transformational' year
Broadcast and photographic products and solutions supplier The Vitec Group announced its audited results for the year ended 31 December on Thursday, with adjusted revenue rising 0. 5% to £378. 1m.
Flybe soars as Stobart confirms talks over possible deal
Flybe flew higher on Thursday after infrastructure and support services business Stobart confirmed that the two are in talks about "a number of potential structures", which could include a takeover.
Sainsbury's signs thee-year SaaS agreement with Ingenta
Ingenta said on Thursday that Sainsbury's has signed a three-year contract for its advertising solutions.
Parliament to question Cambridge Analytica chief as part of 'fake news' inquiry
Parliament's Digital, Culture, Media and Sport Committee (DCMS) is questioning Alexander Nix, CEO of Cambridge Analytica on 27 February as part of parliamentary enquiry into fake news to investigate if the public has been manipulated and been fed untruths.
Centrica blames price cap as it axes 4,000 jobs
A weak second half in Centrica's UK business, due to falling customer numbers and a possible government-imposed price cap led to a 17% fall in adjusted full year operating profits to £1. 25bn as the company announced it was axing 4,000 jobs by 2020.
Playtech shares dive on Q1 revenue slowdown
Shares in gambling software provider Playtech sharply fell on Thursday as the company said daily revenue in the first 51 days of the first quarter were down 11% year-on-year against strong comparatives in Asia in the first half of 2017.
Wilmington sees some growth amid tough trading
Information, education and networking services provider Wilmington announced its interim results for the six months ended 31 December on Thursday, with group revenues for the period up 6% to £58. 2m, although underlying revenues fell 3%.
Strong profit growth reported at Morgan Sindall
Construction and regeneration group Morgan Sindall reported strong profit growth in its 2017 year on Thursday, with profit before tax up 46% to £66. 1m.
EasyHotel plans £50m placing to accelerate owned hotel roll-out strategy
AIM-listed EasyHotel has announced plans to raise around £50m in a placing of 45m new ordinary shares at 110p each to fund the acceleration of its owned hotel roll-out strategy.
TBC Bank FY up on increased commission income
Georgian Bank TBC said full year net profits rose 20. 7% to GEL359. 9m (£105m) supported by increased fee and commission income, which helped to offset an anticipated fall in net interest margin.
Go-Ahead Group surges on back of one-off gains
Go-Ahead Group said its expectations for the full year had improved after the train and bus operator benefited from a one-off boost in the first half after it lost one rail contract.
Huntsworth buys 75pc share in AboveNation Media
Healthcare and communications group Huntsworth announced the acquisition of 75% of AboveNation Media on Thursday, from Steve Minichini and John Lee, for an initial consideration of $1. 75m.
Serco confident in outlook after 2017 struggles
Outsourcing giant Serco confirmed a 2% slide in reported revenue to £2. 95bn in its 2017 results on Thursday, which it said comprised a 6% organic decline from net contract attrition, partially offset by a 4% currency benefit.