News And Announcements
On The Beach plunges as full year forecasts trimmed
On The Beach grew adjusted profits 15% in the first half of the year but the bottom and top line were affected by the collapse of Monarch Airlines, while separately chairman Richard Segal has decided to step down.
Arbuthnot hails good start to year as customer loans and deposits rise
AIM-listed Arbuthnot Banking Group hailed a good start to the year on Thursday, as it reported a rise in customer loans and deposits.
Byotrol gets approval in all 50 US states, to appear on Amazon
Anti-microbial technology company Byotrol has now completed the product registration process in the US for its 24-hour germ-kill surface sanitiser, it announced on Thursday.
CareTech ends first half in line with forecasts
Specialist social care services provider CareTech Holdings issued its pre-close trading update ahead of its results for the half-year ended 31 March on Thursday, confirming that trading for the period was in line with market expectations.
Carlton Main acquisition a winner for Michelmersh
Specialist brick, land development and landfill company Michelmersh Brick Holdings has performed well in the first four months of the year, its shareholders heard on Thursday, as they gathered for the firm’s annual general meeting.
Toople revenues improve as losses widen in first half
Business telecom services provider Toople issued its financial results for the six months ended 31 March on Thursday, reporting a 10% increase in revenues over the second half of the 2017 financial year to £0. 69m.
Robinson starts 2018 with solid sales growth
Plastic and paperboard packaging manufacturer Robinson reported sales growth of 15% in the first four months of 2018 on Thursday, as investors gathered for its annual general meeting.
Trinity Exploration maintains low costs in 2017
Trinidad and Tobago-focussed exploration and production company Trinity Exploration posted its preliminary results for the 12 months ended 31 December on Thursday, confirming that it maintained a low operating break-even and high operating margin production.
Eli Lilly to buy biotech Armo Biosciences for $1.6bn
Eli Lilly has agreed to buy biotech Armo Biosciences for around $1. 6bn in cash, or $50 per share.
Goals Soccer Centres sales hit by bad weather, to spend £3m on estate upgrade
Five-a-side football operator Goals Soccer Centres reported a drop in sales on Thursday as it took a hit from the Beast from the East, and announced plans to splash the cash on an upgrade of its estate.
Superdry unfashionable with investors after trading update
Shares in trendy fashion retailer Superdry fell heavily on Thursday as the company as February's “Beast from the East” snowstorm and lower spring temperatures took their toll on store sales.
Next lifts full-year profit guidance as warm weather boosts Q1 sales
Clothing retailer Next upgraded its profit guidance for the year on Thursday as it posted a rise in first-quarter sales thanks to unusually warm weather in recent weeks.
BT axes 13,000 jobs to cut £1.5bn costs as annual profits dip
As it reported another year of lower profits, BT Group said it will cut 13,000 back office jobs but hire 6,000 more new staff as part of an operating strategy rejig that aims to cut £1. 5bn of costs within three years.
Great Portland launches new community strategy
Great Portland Estates announced the launch of its new community-focussed feel-good strategy on Thursday, titled ‘creating sustainable relationships’.
TP ICAP revenue rises as some trading conditions improve
TP ICAP updated the market on its trading for the four month period from 1 January to 30 April on Thursday, reporting revenue growth of 3% to £601m, as shareholders arrived at the company’s annual general meeting.
Eagle Eye moves into full trial with Sainsbury's for new Nectar scheme
Retail loyalty-scheme software specialist Eagle Eye Solutions has extended its contract with Sainsbury's for the deployment of its digital wallet functionality.
Currency still a headwind for Vesuvius
Molten metal flow engineering company Vesuvius updated the market on its trading on Thursday, reporting that current market conditions remained “positive”, as investors met for the annual general meeting.
SIG on track as its markets remain mixed
Specialist building products supplier SIG updated the market on its trading on Thursday morning, maintaining its expectations for the year, as investors gathered in Sheffield for the company’s annual general meeting.
Derwent London signs £2.4m of new lettings in Q1
Property company Derwent London said it had signed £2. 4m of new lettings in the first quarter, up 4. 9% on December estimated values.
Old Mutual's Nedbank reports strong first quarter
Old Mutual’s Nedbank division reported a strong first quarter after its Ecobank subsidiary returned to profit.