News And Announcements
Shop Direct to close three distribution centres, putting 2,000 jobs on the line
The digital retailer Shop Direct announced on Wednesday the creation of a new automated 500,000 square foot distribution and returns centre in the UK.
Oxford Instruments sees full-year results in line with expectations
Oxford Instruments said on Wednesday that its performance for the full year will be in line with expectations.
Artilium signs additional agreement with Pareteum
Telecommunications software and solutions provider Artilium has signed an additional agreement with Pareteum Corporation, it announced on Wednesday, to integrate the Interactive Digital Media messaging platform, which would increase the global reach of the Pareteum Global Cloud products.
ProPhotonix LED product recognised at industry awards
LED illumination system and laser diode module manufacturer and designer ProPhotonix announced on Wednesday that its COBRA MultiSpec LED line light, released in 2017, was recognised by the judges at the annual Vision Systems Design Innovators Awards programme.
TomCo and TruboShale agree to restructuring
Oil shale exploration and development company TomCo announced on Wednesday, further to its updates on 11 January and 9 April, details of a corporate restructuring of its subsidiary TurboShale.
Volex upbeat as it ends first half in line
Cable assembly provider Volex updated the market on its trading on Wednesday, ahead of the announcement of its full year results for the year ended 1 April, which was due on 8 June.
Neil Meadows announced as COO of European Metals Holdings
European Metals Holding announced the appointment of Neil Meadows as its chief operating officer on Wednesday.
Range Resources and partners reach settlement in Colombia dispute
Trinidad and Indonesia-focussed oil and gas company Range Resources has reached agreement with Agencia Nacional de Hidrocarburos to settle all outstanding claims and disputes between ANH and the consortium of Optima Oil Corporation and Range, it announced on Wednesday.
Tesco pays out on soaring profits as Lewis turnaround continues
Tesco declared its first year-end dividend since 2014 as it reported a 28% rise in underlying operating profits thanks to improved margins and surging cash generation.
Fox UK offices raided by EU antitrust regulators over sports-media rights
Fox Network Group’s UK offices were raided by officials from the European Commission as part of an investigation into the potential domination in and abuse of sports-media distribution rights.
Intercede appoints Klaas van der Leest as CEO
AIM-listed cybersecurity company Intercede has appointed Klaas van der Leest as its chief executive with immediate effect.
Zuckerberg impresses investors with Congress testimony on data breach
Facebook stock rebounded overnight as Mark Zuckerberg, the founder and CEO of social media behemoth, took full responsibility for the theft of millions of Facebook users’ data as he gave testimony on Tuesday to Congress, vowing to strengthen privacy settings and the fight against hate speech and fake news.
Digital advertising market should face CMA probe - Lords committee
An influential UK parliamentary committee has called for an antitrust investigation of the digital advertising market and for the government to review whether competition law "is appropriate for the 21st century digital economy".
AEW sells most of Pearl Assurance House in Nottingham
Regional UK commercial property investor AEW UK REIT announced the sale of office accommodation at Pearl Assurance House, Nottingham, for £3. 65m on Wednesday.
Atalaya maintains guidance as developments continue apace
Atalaya Mining issued an operations update for the first quarter of 2018 on Wednesday, reporting that copper production at Proyecto Riotinto increased to 9,441 tonnes from 8,805 tonnes at the same time last year, representing an increase of 7. 1%.
EasyHotel highlights solid progress in extensive trading update
Super-budget hotel owner, developer and operator easyHotel updated the market on its trading for the six months ended 31 March on Wednesday, reporting that it had continued to “significantly outperform” the budget market over the course of the period.
Vedanta Resources plans for further growth after record production
Vedanta Resources reported record annual production from its Zinc India and aluminium arms, and is eyeing significant growth from oil operations that could lead to a possible reversal of previous impairments.
ASOS slumps as interim profit misses expectations, capex bumped up
ASOS was under pressure on Wednesday despite posting a 10% jump in first-half pre-tax profit, as the online fashion retailer's numbers were a little light and it announced an increase in capital expenditure to facilitate additional distribution and logistics facilities.
PageGroup posts record quarter despite some headwinds
PageGroup posted a record first quarter profit in a trading update on Wednesday, with gross profit up 12. 3%, or 10. 3% on a reported basis, to £187. 7m.
Interserve seeks shareholder approval to up borrowing limit
Support services and construction company Interserve said on Wednesday that it is seeking to convene a general meeting to obtain shareholder approval to increase its borrowing limit as it expects significant balance sheet writedowns.