News And Announcements
TSB faces wave of complaints after botched IT upgrade
TSB customers have complained that they can’t access their accounts but can see other people’s bank details after a botched upgrade at the weekend.
Kromek awarded funding to deliver low-dose breast imaging technology
Radiation detection company Kromek has been awarded funding from Innovate UK for a three-year programme to deliver, in partnership with Newcastle-upon-Tyne Hospitals NHS Foundation Trust, a low-dose molecular breast imaging (LDMBI) technology based on its CZT-based SPECT detectors.
Driver Group enters sale-and-leaseback agreement on its central offices
Construction and engineering professional services consultancy Driver Group has entered into an agreement with Jetglobal for the sale of the freehold property interest in the group's central administration offices located in Haslingden, Lancashire, and the immediate leaseback of those premises, it announced on Monday.
FairFX swings to profit as aggressive expansion plans continue
Electronic banking and international payments group FairFX issued its audited full-year results for the year ended 31 December on Monday, reporting group turnover of more than £1. 1bn - an increase of 41%.
Paragon Entertainment warns on 2017 profit, begins immediate restructure
Attractions design, production and fit-out business Paragon Entertainment updated the market on its trading on Monday, warning shareholders of a dip in previously-anticipated profits for the 2017 calendar year.
InfraStrata strikes deal to work on Costain's Islandmagee project
Gas storage company InfraStrata has entered into a contract with Costain to carry out the surface element of the front-end engineering design for the Islandmagee gas storage project, it announced on Monday.
Losses widen as 4D Pharma focuses on investment
Biotherapeutics-focussed pharmaceutical company 4D Pharma issued its final results for the year ended 31 December on Monday, reporting net assets of £69. 8m at year-end, down from £86. 5m a year earlier.
US existing home sales rise more than expected in March
Sales of US existing homes rose more than expected in March, according to data from the National Association of Realtors.
Capita unveils new strategy and rights issue as write-downs hit profits
Capita has confirmed plans for a £701m rights issue to enable it to carry out a new strategy after a "significant deterioration" in new business wins and business volumes that will continue to weigh on profits in 2018.
European sports broadcasters can breathe easier, says S&P
Sky, BT and other sports broadcaster should breath easier about keeping hold of football and other TV rights in the short term, says rating agency S&P Global, but further out they are at increasing risk from the big internet firms.
Comptoir Group full-year earnings drop but YTD trading in line
Comptoir, which is behind restaurants Yalla Yalla and Comptoir Libanais, posted a drop in full-year earnings on Monday but said that trading in the year to date has been in line with its expectations.
Ad spending shrinks 2.5% for UK's traditional media
UK advertisers spent 2. 5% less on traditional advertising methods last year, though half of the top 100 advertisers increased their emphasis on TV, radio, direct mail, outdoor and press.
Safestyle shares shatter as it warns on profit again, scraps dividend
Double glazing group Safestyle was under the cosh yet again on Monday after another profit warning, as it scrapped its dividend and announced the resignation of its non-executive chairman.
Sportech agrees terms for sale of Dutch business
Online gambling and entertainment group Sportech has agreed terms with RBP Luxembourg regarding the disposal of its Dutch business, Sportech Racing BV, for up to €3. 25m.
Clarkson sinks as it warns on profit amid 'challenging environment'
FTSE 250 shipping services provider Clarkson warned on Monday that both first-half and full-year profits are now expected to be "materially below" the previous year following a number of headwinds in the first quarter.
Rotork surges as Q1 revenue jumps 10%
Flow control manufacturer Rotork surged on Monday after it reported a jump in first-quarter revenue and said it now expects full-year revenue to show mid to high single-digit growth over the previous year.
Morgan Advanced gets off to strong start for 2018
Morgan Advanced Materials said it has decided to make an exit from the composite and defence systems business as it got off to a stronger start to 2018, with sales growth accelerating in the first quarter.
Glencore's Katanga working to address capital concerns at Kamoto
Glencore’s 74. 4% subsidiary Katanga Mining announced on Monday that its Democratic Republic of the Congo state-owned joint venture partner, La Générale des Carrières et des Mines (Gécamines) in its 75% operating subsidiary Kamoto Copper Company (KCC), has commenced legal proceedings to dissolve KCC.
Miners including Randgold, Glencore encourage DRC to hear them out
Mining industry representatives in the Democratic Republic of Congo said on Monday that they are “hopeful” that their current engagement with Civil Society, a member of the Mining Code Revision Tri-Partite group and other key interest groups, would contribute to a “better understanding” of certain issues that needed to be addressed before the country's new mining code was implemented.
International PPL pours £9m into London fibre broadband project
Listed infrastructure investment company International Public Partnerships Limited has made its first investment into digital fibre-based network assets, it announced on Monday.