News And Announcements
M&S director departs as reorganisation efforts continue
M&S director Patrick Bousquet-Chavanne will be leaving the business at the end of May once the firm is reorganised into a family of accountable business and its corporate marketing teams are devolved into its Clothing & Home and Food business.
Melrose urges final GKN shareholders to sell up
Melrose Industries still had not received acceptances from 15% of GKN shareholders for its takeover after its midday deadline on Wednesday, though it said the offer will become unconditional in all respects at 0800 BST the following day.
Palace Capital lets refurbished Solaris House in Milton Keynes
Property investment company Palace Capital has let Unit 2, known as Solaris House, located in Pitfield, Kiln Farm, Milton Keynes.
System1 prepares shareholders for disappointing results
Marketing services group System1 updated the market on its trading for the 12 months ended 31 March on Wednesday, which it described as “disappointing”.
Koovs knows no specific reason for share price jump
AIM-listed online fashion retailer Koovs said on Wednesday that it is not aware of any specific reason for the jump in its share price.
GAN extends New Jersey contract with Paddy Power Betfair
Internet gaming enterprise software supplier GAN announced on Wednesday that key client Paddy Power Betfair has entered into a multi-year extension for the continued provision of platform services in the New Jersey online gaming market.
Vianet trades in line with board expecting maintained dividend
Actionable data and business insights provider Vianet Group updated the market on its trading on Wednesday, reporting that trading in the second half of the year was largely as anticipated and, as a result, its full-year profits would be broadly in line with market expectations and ahead of last year's outturn of £3. 32m.
Hostel operator Safestay has 'most successful year ever'
Safestay issued its final results for the year ended 31 December on Wednesday, reporting growth of 43% in total revenues to £10. 5m, including acquisitions it made in 2017.
Credit Suisse ups AA to 'neutral', says risk/reward balanced
The risk/reward for roadside assistance and breakdown cover provider and insurer AA is now balanced, according to Credit Suisse, which upped its rating on the stock to 'neutral' from 'underperform' and hiked the price target to 130p from 80p.
Telford Homes profit to surge as it focusses on build-to-rent
London-focussed residential property developer Telford Homes updated the market on its trading on Wednesday, saying it anticipated record revenue and profit for the year ended 31 March.
Scancell acquires novel antibodies from University of Nottingham
Novel immunotherapies developer Scancell Holdings has entered into an agreement with the University of Nottingham, it announced on Wednesday, to acquire a number of novel monoclonal antibodies to tumour-associated glycans.
IBM shares fall after first-quarter results disappoint
IBM shares fell after profit margins shrank and underlying revenue flatlined in the first quarter, suggesting slow progress in its shift towards more profitable businesses.
Relx reaffirms full-year outlook
Relx, formerly Reed Elsevier, reaffirmed its outlook for the full year on Wednesday.
Hunting's revenues hold steady across first quarter
After a good start to the year in North America, energy services group Hunting saw full year results for 2018 reaching the upper half of previous guidance.
UK inflation falls faster than expected, sending pound tumbling
UK inflation has fallen more than expected to its lowest level in a year, casting doubt over whether the Bank of England will hike interest rates at all this year.
Tritax BigBox proposes placing to fund acquisition pipeline
FTSE 250-listed real estate investment trust Tritax Big Box has proposed a non pre-emptive placing to its institutional investors of more than 109m new ordinary shares in order to fund its acquisition pipeline and asset management initiatives.
Dignity surges as premium funerals prove more popular than thought
Shares in Dignity surged on Wednesday after the funeral services provider said full-year results are likely to be ahead of current market expectations despite volatility, as more people than initially thought went for its premium funeral packages.
CYBG to operate below guidance as PPI costs escalate
CYBG announced on Wednesday that it expects to increase its provisions for legacy PPI costs as at 31 March by £350m, with the provision amount subject to the finalisation of its half year results for the six months ended 31 March.
Segro reports strong start to 2018
Segro said it made a strong start to 2018 amid strong demand for its warehouses powered by the shift to online shopping.
Polymetal sees decent improvement in first quarter gold production
Polymetal International issued its production results for the first quarter ended 31 March on Wednesday, reporting 295 Koz of gold equivalent production, a 5% year-on-year increase.