News And Announcements
ScS interim revenue, earnings rise but recent trading hit by bad weather
Furniture and flooring retailer ScS reported a jump in interim revenue and earnings on Wednesday but warned that recent trading has been hit by adverse weather.
Petrofac wins $200m sulphur recovery project at Visakhapatnam
Petrofac has been awarded a contract by Hindustan Petroleum Corporation for its sulphur recovery unit block package for the Visakh Refinery Modernisation Project (VRMP), at Visakhapatnam, Andhra Pradesh, India, it announced on Wednesday.
Mothercare rallies as it gets breathing space from lenders
Shares in Mothercare rallied on Wednesday as the baby and toddler chain got some much-needed breathing space after its lenders agreed to defer the testing of its financial covenants due on 24 March.
Ferrexpo profits surge on back of higher iron ore prices
Ferrexpo declared a higher special dividend than most investors may have expected, as a 7% fall in pellet production was offset by higher iron ore prices and expectations for premium pellet prices in 2018.
Carpetright secures emergency loan, announces cash call and CVA
Floor coverings retailer Carpetright said on Wednesday that it has secured an emergency loan from one of its biggest shareholders as it announced a cash call and said it is looking at a company voluntary arrangement to cut rents and close stores.
GKN brands Melrose a novice operator as bid battle intensifies
GKN branded Melrose Industries a novice operator with no plan, in the latest round of accusations between the companies locked in a hostile bid battle.