News And Announcements
Serica slumps after US withdraws from Iran deal
Serica Energy worked to reassure investors on its Iran operations on Wednesday, following US President Donald Trump’s decision to pull the US out of the nuclear agreement with the country, made late on Tuesday.
Compass serves up softer first-half numbers due to mixed Europe
Contract caterer Compass Group’s North American business made up for falling profit in Europe, though sales and profits fell short of average analyst forecasts.
Vipera narrows losses as it receives cash offer
Specialist mobile financial software services provider Vipera announced its preliminary audited financial results for the year ended 31 December on Wednesday, reporting a 27% rise in total revenue to €10. 1m year-on-year.
TyraTech well on track after operationally successful first quarter
Life sciences company TyraTech updated the market on recent progress with its animal health products, following the successful sale of ‘Vamousse’ as announced on 4 December.
Vodafone to gobble up Liberty Global operations in Germany and further east
Vodafone has agreed to acquire Liberty Global's operations in Germany, the Czech Republic, Hungary and Romania for an enterprise value of €18. 4bn, the telco giant announced on Wednesday.
Cello Health makes strong start to year, shareholders told
Healthcare-focused advisory group Cello Health told shareholders it had made a strong start to the year on Wednesday, as they met for the company’s annual general meeting.
Greggs strikes cautious note as bad weather dents sales
Greggs struck a cautious note on Wednesday as it said underlying profits are likely to be flat year-on-year, with trading in March and April hit by weaker market conditions.
IGas production in line as it offloads non-core assets
IGas updated the market on its trading in the year-to-date on Wednesday, confirming that net production was in line with budget for the first four months of the year at an average of 2,323 barrels of oil equivalent per day, as investors gathered for the firm’s annual general meeting.
Limitless Earth to partially sell down Saxa Gres holding
Investing company Limitless Earth updated the market on its investment in Italian industrial waste recycling firm Saxa Gres on Wednesday, confirming that it was selling down part of its holding.
Mirriad makes good operational progress as losses widen
Video technology company Mirriad Advertising announced its audited results for the year ended 31 December on Wednesday, reporting a 23% jump in revenue to £0. 87m as it deployed its services in key advertising markets.
Greatland sees positive results from recent Ernest Giles testing
Precious and base metals exploration and development company Greatland Gold announced results of recent mobile metal ion sampling at its Ernest Giles project on Wednesday, reporting that results from more than 980 samples collected at the Meadows, Empress and Wishbone areas confirmed existing gold targets, and generated new targets.
Walmart to buy 77% stake in India's Flipkart for $16bn
Walmart has agreed to buy a 77% stake in Indian online retailer Flipkart for $16bn.
Standard Lithium signs brine testing deal with Lanxess
Standard Lithium announced the signing of a memorandum of understanding with global specialty chemicals company Lanxess Corporation and its US affiliate Great Lakes Chemical Corporation on Wednesday.
Gresham wins Clareti contract with global investment bank
Software and services company Gresham Technologies has announced a three-year contract with a minimum value of £1. 2m with a "leading" global investment bank and wealth manager for its Clareti Transaction Control (CTC) to implement regulatory reporting controls across multiple asset classes.
GlaxoSmithKline CFO Dingemans to retire in 2019
Simon Dingemans will retire as chief financial officer of GlaxoSmithKline and step down from the board in May 2019, the pharmaceuticals giant said on Wednesday.
MPs announce inquiry into water industry regulation
MPs have launched an inquiry into regulation of the water industry, potentially adding to political pressure on the sector.
Tui on course for full year as cruise boom continues
Anglo-German tour operator Tui cruised to a narrower first-half loss as demand for ocean holidays booms and European trends move away from Spain towards Greece, Turkey and North Africa.
Vertu Motors FY profit drops amid tougher trading environment
Automotive retailer Vertu Motors posted a drop in full-year pre-tax profit on Wednesday amid a tougher trading environment.
Hill & Smith acquires WAPCO in $42m deal
Infrastructure products and galvanising services provider Hill & Smith Holdings has completed the acquisition of the business and assets of Work Area Protection Corporation and its associated affiliates for a total cash consideration of $42. 0m, on a debt free, cash free basis, it announced on Wednesday.
Renishaw upgrades full-year forecasts after strong nine months
Renishaw upgraded its forecasts for annual results after the engineering group reported a 39% increase in profit for the first nine months of 2018.