News And Announcements
Cairn Energy posts better-than-expected year-end net cash
Cairn Energy continued to guide towards submission of its development plans for the SNE and Nova developments in the first and second half of 2018, while maintaining its guidance for capital outlays on development and exploration and appraisal at its North Sea developments, Kraken and Catcher.
Gresham Technologies pleased with Clareti performance in 2017
Transaction control and enterprise data software and services company Gresham Technologies announced its results for the year ended 31 December on Tuesday, with group revenues up 26% to £21. 7m.
Active Energy to create Polish 'super fuel' under new joint venture
Biomass based renewable energy and forestry management business Active Energy has signed a joint venture agreement with Polish research, development and coal recovery and production company Cobant, it announced on Tuesday.
Eagle Eye tech to power big Canadian loyalty programme expansion
Customer connection software-as-a-service provider Eagle Eye announced on Tuesday that Loblaw Companies - Canada's largest retailer - has a new relationship with Imperial to expand the PC Optimum programme.
Futura Medical upbeat on latest erection gel trial results
Advanced transdermal technology-focussed healthcare company Futura Medical announced positive interim data from its pharmacokinetic study, which formed the initial stage of the Phase III programme of MED2002 - its topical gel for erectile dysfunction.
Conviviality slumps again as it confirms guidance range for full-year earnings
AIM-listed alcohol wholesaler and distributor Conviviality was under pressure again as it confirmed that adjusted earnings for the current year will come in between £55. 3m and £56. 4m, 20% below market expectations.
Zotefoams revenue reaches record high after capacity investments
Cellular material technology company Zotefoams announced its unaudited preliminary results for the 12 months ended 31 December on Tuesday, reporting a 22% increase in group revenue to a record £70. 15m.
Non-Standard Finance revenue rises as company continues to expand
Non-Standard Finance posted its results for the year ended 31 December on Tuesday, with normalised and reported revenue both rising 48%, to £119. 8m and £107. 8m respectively.
Burford Capital to sell investment in Teinver matter for $107m
AIM-listed finance and investment management firm Burford Capital, which focuses on law, has agreed to sell its investment in the Teinver matter for $107m in cash.
BAE Systems picks Crossrail CEO for newly-created role of MD of Maritime and Land UK
Aerospace giant BAE Systems has appointed Crossrail chief executive Andrew Wolstenholme to the newly-created role of group managing director of Maritime and Land UK.
Amazon in talks with JPMorgan to launch business credit card
Amazon waded further into the crowded waters of B2B supply this week, with reports the e-commerce giant was in talks with US banks about offering a credit card to small US-based businesses.
First stage of 'housing gap' report to be delivered by Letwin in June
A government investigation into the gap between completed new homes and the amount of land with planning permission owned by housebuilders has already made some initial observations and will publish a first analysis in June.
Dugout buys News Corp platform to distribute sports content to Asia
Digital football business Dugout will launch a new South-East Asia business by acquiring the Ballball platform from News Corp.
Applegreen full-year profit rises 18%
Petrol forecourt, convenience and food-to-go operator Applegreen posted a jump in full-year profit on Tuesday as it got a boost from a recent acquisition and like-for-like growth in food and store sales.
DMGT to sell US property information business for $205m
Daily Mail & General Trust has agreed to sell EDR, its US property information business, to private equity investors Silver Lake Partners and Battery Venture for $205m.
United Utilities workers to strike for 2 days over pensions
United Utilities workers in the north west of England will strike for two days in a pensions’ dispute which could see them thousands of pounds worse off in retirement, the Unite union said on Tuesday.
John Menzies starts 2018 well after record year
John Menzies said it made a good start to 2018 as the aviation services group reported record annual underlying profit driven by new contracts.
Gem Diamonds sells fifth largest diamond ever recovered for $40m
Gem Diamonds has sold the exceptional quality 910 carat D Colour type IIa diamond it recovered from the Letseng mine in Lesotho in January for $40m.
Tennents and super-premium brands drive performance at C&C
Branded cider, beer, wine and soft drinks company C&C Group issued a trading update for the 12 months ended 28 February on Tuesday, reporting that despite weather-related disruption, trading and cash generation was broadly in line with management expectations.
TP ICAP's business picks up after annual profit misses forecasts
TP ICAP said business had picked up as it reported annual profit below market expectations amid low market volatility, which the interdealer relies on for client business.