News And Announcements
H&M's profits plummet by 44% in the first quarter of 2018
Swedish clothing retailer Hennes & Mauritz has reported 2018 has started just as badly as it 2017 ended.
Brighton Pier Group upbeat despite weak numbers
Owner and operator of the Palace Pier leisure facility in Brighton, Brighton Pier Group, posted its interim results for the 26 weeks ended 24 December on Tuesday, with revenue falling to £16m from £17. 74m.
Revenues move ahead as One Media widens scope
Investors in digital and technical media provider One Media iP Group were told of a 14% rise in full-year revenues to £2. 3m on Tuesday, as they gathered for the company’s annual general meeting.
SCISYS revenues rise as it expands operations
Bespoke software, IT and support services provider SCISYS announced its unaudited preliminary results for the 12 months to 31 December on Tuesday, with revenues rising 25% to £57. 2m, including professional fees up 28% at £48. 0m.
Versarien to collaborate with 'world leading' airspace firm
Advanced materials engineering group Versarien announced on Tuesday that it has entered into a collaboration agreement with an unnamed “world leading” provider of aero engines and components, including avionics, electrical power and mechanical systems for aircraft.
Phoenix Equity acquires controlling stake in Capital Economics
Phoenix Equity Partners has acquired a controlling stake in independent macro‐economic research company Capital Economics, alongside its existing management team and shareholders.
Nature Group shares suspended as tax bill adds pressure
Nature Group has suspended its shares after the environmental waste management company said an urgent tax bill had put added pressure on its fragile finances.
BoE considers stronger buffers for banks due to mortgage risks
The Bank of England has warned that lenders have loosened standards on risky mortgages and that it is considering strengthening banks' capital buffers to dampen risk appetite.
RBS agrees to buy AIM-listed FreeAgent for £53m
Royal Bank of Scotland has agreed to pay £53m for FreeAgent, which makes software that helps small businesses manage their finances.
Regulators confirm crackdown on CFDs, forex and spread bets
European and UK financial regulators have confirmed new restrictions on brokers, including IG Group, CMC Markets and Plus500, from marketing, distribution or selling binary options and spot forex trading and financial spread bets.
Firestone Diamonds upbeat after solid first half
Diamond mining company Firestone Diamonds issued its unaudited interim results for the six months ended 31 December on Tuesday, reporting revenue of $26m.
Horizonte Minerals losses narrow slightly as it presses towards production
Nickel development company Horizonte Minerals announced its final results for the year ended 31 December on Tuesday - a year in which it once again made nil revenue.
Galliford Try confirms £158m right issue
Galliford Try confirmed that banks had full underwritten a rights issue to raise £157. 6m of cash, which has already been fully subscribed by investors.
Pantheon losses widen as it looks at options for its acreage
Oil and gas exploration company Pantheon Resources announced its interim results for the six months ended 31 December on Tuesday, reporting a loss for the period of $2. 57m, widening from $0. 87m year-on-year.
Orchard Funding continues to grow as it looks to new market segments
Insurance premium specialist finance company Orchard Funding Group announced its unaudited results for the six months ended 31 January on Tuesday, reporting total lending of £34. 35m for the period.
Buoyant market carries S&U through to year-end
Motor finance and specialist lender S&U issued its preliminary results for the year ended 31 January on Tuesday, reporting a 32% uptick in revenues to £79. 8m.
ITM Power, Shell open UK hydrogen car refuelling station
Clean fuel company ITM and oil producer Shell on Tuesday opened the UK's first refuelling station to offer hydrogen alongside petrol and diesel.
Moss Bros prepares for challenging market after profit falls
Moss Bros said it was planning for a very difficult trading environment after stock shortages and weak customer footfall caused annual profit to fall.
Dixons Carphone hires Halfords' Mason as finance director
Dixons Carphone has hired Halfords’ Jonny Mason as its new finance director, completing a management overhaul as the electricals and technology chain seeks to revive performance.
Ferguson confirms bumper payout as US market remains strong
Ferguson confirmed pretty much all the news shareholders were hoping to hear on Tuesday, pledging to pay a $1bn special dividend from the sale of its Nordic business and reassuring that trading in North America remains strong.