News And Announcements
Tech giants face higher taxes under new European Commission plans
Big technology companies like Facebook, Google and Amazon are facing an estimated $5bn increase in their tax-bill under new plans unveiled by the European Commission.
Unions agree pay deal for NHS workers
Health unions have accepted a deal for 1. 3m NHS workers that will see pay rise by at least 6. 5% over three years.
DX gives Hornby's David Mulligan finance chief job
Delivery solutions provider DX announced the appointment of David Mulligan, FCA, to the board of directors as its chief financial officer, with effect from 9 April on Wednesday.
MPs accuse PwC of taking advantage of Carillion and its collapse
A parliamentary committee has accused PricewaterhouseCoopers for “milking the Carillion cow dry” as the accountancy firm was grilled over the construction company’s collapse earlier this year.
Eland upbeat despite ongoing issues at Opuama
Nigeria-focussed oil and gas production and development company Eland Oil & Gas updated the market on its operations at the Opuama field in licence OML 40 on Wednesday.
Proxama to change name after 'transformational year'
Investors in mobile location data and intelligence company Proxama were told of how 2017 was a “transformational year” for the company on Wednesday, as they attended the annual general meeting in London.
Directa Plus enters development deal with Sartec
Graphene-based products producer and supplier Directa Plus has entered into an agreement with Sartec to jointly develop a commercial-scale industrial system, based on the company's Grafysorber product, for treating oil-contaminated produced water in the oil and gas industry, it announced on Wednesday.
Softcat interim profit rises, dividend lifted amid strong demand
Softcat, a provider of IT infrastructure products and services, reported a rise in interim operating profit on Wednesday as revenue grew and the company lifted its dividend by 14% amid strong customer demand.
FTSE 250 movers: Sophos recovers; Softcat retreats on interims
London's FTSE 250 was down 0. 3% to 19,667. 54 in afternoon trade on Wednesday.
Watkin Jones making solid progress with student accommodation pipeline
Multi-occupancy property asset developer and constructor Watkin Jones confirmed on Wednesday that it has achieved planning consent on Whitefriars Lane in Coventry for 778 student beds, which would be delivered ahead of the start of the 2020-2021 academic year.
Imaginatik in talks with various parties over potential sale
Imaginatik updated the market on its strategic review on Wednesday, which it had announced on 1 February, including a potential sale of the company conducted within the formal sale process framework.
Range Resources drilling division awarded Trinidad contract by Shell
Trinidad and Indonesia-focussed oil and gas company Range Resources announced on Wednesday that Range Resources Drilling Services has been successfully awarded a contract with Shell Trinidad Central Block, a subsidiary of Royal Dutch Shell.
Disasters push Lloyd's of London to £2bn annual loss
Lloyd’s of London reported its first annual loss in six years after the insurance market was battered by hurricanes, earthquakes and other disasters in what it said was an exceptionally difficult year.
Premier Technical Services trading well after acquisition spree
Niche specialist services provider Premier Technical Services Group announced its final results for the year ended 31 December on Wednesday, with group revenue up 35% to £52. 9m.
Alpha FX Group profits surge in 2017
Foreign exchange service provider Alpha FX Group announced its audited full year results for the year ended 31 December on Wednesday, with revenue up 60% to £13. 5m.
IGas Energy swings to profit in 2017
Onshore hydrocarbon producer IGas Energy announced its full year results for the year ended 31 December on Wednesday, with revenues rising to £35. 8m from £30. 5m.
Kingfisher wings clipped by softer fourth quarter, uncertain outlook
Kingfisher reported an 8% fall in annual profits on flat sales as chief executive Véronique Laury completed a second year of her five-year overhaul of the B&Q and Screwfix owner but remained very cautious about 2018.
Future buys stable of five specialist magazines from Haymarket Media
Specialist media platform provider Future announced the proposed acquisition of five specialist consumer titles from Haymarket Media Group on Wednesday, including What Hi-Fi?, Stuff, FourFourTwo, Practical Caravan and Practical Motorhome.
INPP defends private sector role in infrastructure
International Public Partnerships (INPP) has defended the role of private companies in public projects after the collapse of Carillion raised questions about such contracts.
Vectura revenue takes hit as firm focuses on R&D
Inhaled product formulation, device design and development company Vectura Group announced its preliminary results for the year ended 31 December on Wednesday, with full year reported revenue of £148m, in line with board expectations.