News And Announcements
Plastics Capital finishes year as expected
Niche plastics products group Plastics Capital expects trading for the financial year ended 31 March to be “broadly in line” with market expectations, it announced on Wednesday.
TP Group gets another MoD call-off
TP Group announced the award of a second call-off by the Ministry of Defence on Wednesday, under the framework contract for Combined Oxygen Generating Systems, first announced on 11 April 2017.
Scholium Group continues to make progress
Scholium Group updated the market on its trading for the 12 months ended 31 March on Wednesday, reporting that it continued to make progress during the six months, with that progress expected to result in a small profit for the year, compared to a loss of £0. 22m in the prior year.
Savannah sees 'significant' resource increase at Mina do Barroso
Resource development company Savannah Resources announced a “significant increase” in its JORC 2012-compliant indicated and inferred mineral resource estimate at the Mina do Barroso Lithium Project in northern Portugal on Wednesday.
Amur upbeat on latest figures from Kun-Manie
Nickel-copper sulphide mineral exploration and resource development company Amur Minerals Corporation said on Wednesday that its in-house C1 cost estimates per pound of nickel at its planned Kun-Manie nickel copper sulphide project would place it among the existing 10 lowest cost nickel industry producers.
Sirius sells German tobacco factory site
Branded business parks operator Sirius Real Estate announced the completion of the sale of its Bremen Brinkman business park in Germany for €15. 5m on Wednesday.
Forbes Ventures sells KCR holding, appoints CFO
Forbes Ventures disposed of its holding of 250,000 ordinary shares in KCR Residential REIT on Wednesday, for a gross cash consideration of £0. 15m.
Realm Therapeutics losses widen as it ups R&D spending
Clinical-stage biopharmaceutical company Realm Therapeutics announced its final results for the year ended 31 December on Wednesday, reporting cash, cash equivalents and short-term investments available for sale of $33. 9m at year-end, up from $21. 4m at the end of 2016.
House of Fraser to close stores in restructuring as Hamleys owner takes 51% stake
House of Fraser has announced plans to shut stores as part of a restructuring deal that will see the Chinese owner of Hamleys, C. banner, take a 51% stake in the struggling department store chain.
Vickers warns UK bank leverage 'dangerously high'
The main mover behind Britain’s post-crisis reform of banking regulation has warned leverage in the system is at dangerous levels and that capital buffers may not increase in time to deal with the next meltdown.
ClearStar partners with Veritas Prime on candidate screening solutions
Background screening technology and service provider ClearStar announced a strategic partnership with ‘SAP SuccessFactors’ provider Veritas Prime on Wednesday, to offer Veritas' clients an opportunity to adopt ClearStar's mobile background screening solutions for their current hiring process.
Gresham House to buy investment fund manager FIM Services for up to £25m
AIM-listed alternative asset manager Gresham House has announced the acquisition of alternative investment fund manager FIM Services for up to £25m on a cash-free, debt-free basis.
Ocado hails Swedish model as bags fourth overseas deal
Ocado Group has won a third major overseas deal in the past six months as it was signed up by Sweden's ICA, the second largest grocer in Scandinavia, to build its new online grocery business.
Standard Chartered profit rises 20% in first quarter
Standard Chartered posted a 20% increase in profit for the first quarter as revenue rose across the bank’s business.
Indivior first quarter disappoints, but guidance maintained
Indivior's revenues fell 6% in the first quarter even though sales volumes improved, as the company's opioid addiction treatment came under pressure from generic competition and trade de-stocking in the USA.
Inmarsat sticks by annual revenue guidance
Inmarsat left its guidance unchanged as the satellite operator posted rising revenue and falling earnings for the first quarter.
Pendragon skids lower as Q1 profit more than halves, new vehicle revenue slumps
Pendragon shares skidded lower on Wednesday after the auto retailer said first-quarter underlying pre-tax profit more than halved as new vehicle revenue tumbled.
ConvaTec first-quarter trading in line as supply problems persist
ConvaTec said first-quarter trading was in line with expectations reduced by supply problems that triggered a profit warning in 2017.
Smurfit Kappa parades Colombian award in front of market
Smurfit Kappa did its best to ensure shareholders were aware of its recent achievements on Wednesday, reporting that it had been named among the “most important companies” in Colombia for its “contribution to society and development” in the country.
IWG revenues rise but cash generation drops, FX headwinds highlighted
Flexible workspace provider IWG, formerly Regus, posted a 6. 7% rise in first-quarter group revenues on Wednesday, with good growth in all regions except the UK.