News And Announcements
Sirius Minerals losses widen as its steams towards production
Sirius Minerals announced its results for the year ended 31 December on Tuesday, with the pre-revenue company’s loss before tax widening to £79. 25m from £23. 42m due to non-cash items as it begins to develop the world's largest polyhalite fertiliser deposit.
Strategic Minerals purchase of Leigh Creek settles
Diversified mineral development and production company Strategic Minerals announced on Tuesday that, further to its announcement on 27 February, the acquisition of the Leigh Creek Copper Mine was now settled.
ProPhotonix confirms Ed Dolan is new finance chief
High-technology designer and manufacturer of LED illumination systems and laser diode modules ProPhotonix announced the appointment of Edward Dolan as its chief financial officer - a non-board position - with immediate effect.
Sainsbury's ups staff pay in £100m investment but some workers will be worse off
Sainsbury's has announced a £100m investment in its staff this year, which will take the base rate of pay to £9. 20 an hour from £8. 00, but the retailer is also getting rid of paid breaks and bonuses.
Just Eat delivers tasty results but extra toppings disappoint
Just Eat delivered better full-year results than had been expected, but increased investment in 2018 to cope with intense competition in the online food delivery market meant guidance disappointed like a day-old kebab.
Lab breakthrough could vastly improve electric car batteries
Electric car batteries could be charged significantly quicker and last much longer after a new laboratory discovery in the UK.
Smurfit Kappa rejects bid approach from International Paper
Smurfit Kappa has rejected an "unsolicited and highly opportunistic" takeover approach for Europe's biggest cardboard box maker from International Paper of the US.
PureCircle narrows losses despite shrinking margins
Stevia ingredients firm PureCircle saw losses narrow in the six months leading to 31 December, bouncing back from a "difficult" financial year in 2016.
Ofgem commits to UK energy price cap by end of year
UK energy industry regulator Ofgem on Tuesday committed to implement a price cap on domestic bills by the end of the year, subject to legislation being passed this summer.
Falanx announces bookbuild to fund purchase of First Base
Intelligence, security and cyber defence provider Falanx announced a proposed fundraising and conditional acquisition of First Base Technologies on Tuesday.
Nexus Infrastructure performing in line, chairman tells shareholders
Investors in housebuilding and commercial sector infrastructure provider Nexus Infrastructure were told of the group’s “strong market positions” at its annual general meeting on Tuesday.
LSL describes results as 'robust' as profits tumble
Residential property services provider LSL Property Services announced its preliminary results for the year ended 31 December on Tuesday, with the board reporting “robust performance” in subdued market conditions.
Findel exploring further Sports Direct opportunities
Online value retail and education business Findel said on Tuesday that it is exploring the possibility of further developing the commercial supply arrangements between its largest subsidiary, Express Gifts, and Sports Direct.
Helical sells Magnus logistics portfolio for £150m
Helical has exchanged contracts to sell the Magnus Portfolio of 20 logistics assets to real estate funds managed by Blackstone and M7 Real Estate for £150m, it announced on Tuesday.
LoopUp earnings thunder ahead as it concentrates on core business
Remote meetings service provider LoopUp Group released its unaudited preliminary results for the year ended 31 December on Tuesday, with the board reporting “strong” trading for the period.
Supermarket price inflation eases off, Sainsbury's lags rivals
Grocery price inflation eased off in recent weeks, according to two surveys of the sector released on Tuesday, which both found Sainsbury's was the slowest growing of the big four supermarkets.
White House, Justice Department sued over Fox-Disney deal records
A non-profit group has filed a lawsuit on Monday seeking records of communications between the White House and the Justice Department on the Walt Disney Co's $52. 4bn deal to buy Rupert Murdoch’s Twenty-First Century Fox Inc.
FCA bans former Co-Op Bank chairman Paul Flowers from financial industry
The Financial Conduct Authority has banned Paul Flowers, the scandal-ridden former chairman of the Co-op Bank, from working in the financial services industry.
Begbies Traynor Q3 trading in line, buys Springboard Corporate Finance
AIM-listed Begbies Traynor said on Tuesday that third-quarter trading was in line its expectations, as it announced the acquisition of Springboard Corporate Finance.
Intertek full-year profit rises, dividend lifted
Inspection, product testing and certification company Intertek posted a jump in full-year pre-tax profit on Tuesday as revenue grew and it lifted its dividend.