News And Announcements
BTG tumbles as 2019 guidance disappoints
Specialist healthcare company BTG issued final results that beat sales and earnings expectations, though financial guidance for the new trading year was slightly short of the market's current estimate.
WTO determines EU unfairly subsidised Airbus, opens way for US tariffs
The World Trade Organization has ruled today that the European Union failed to honour multiple previous rulings and illegally subsidised European aircraft-maker Airbus to the tune of over $22bn to help launch its A380 and A350 jets.
Lookers shows resilience against tough backdrop
Lookers rallied on Tuesday as the car dealership's first-quarter trading update revealed a resilient performance against a tough backdrop.
Braemar profits come in at top end of expectations
International broking and other shipping services firm Braemar Shipping Services issued its results for the year ended 28 February on Tuesday, reporting a 93% increase in underlying operating profit to £8. 2m, which was at the top of its previously-announced range.
Union Jack and Humber co-investing in two licence areas
UK-focussed onshore hydrocarbon production, development and exploration company Union Jack Oil announced on Tuesday that it has entered into a sale-and-purchase agreement with Celtique Energie Petroleum, whereby Union Jack and its commercial partner Humber Oil & Gas will each make an investment to acquire a 16. 25% interest in PEDL201 (Widmerpool Gulf) and a 12. 5% interest in PEDL181 (Humber Basin) for a cash consideration of £7,500 each.
MYCELX swings to earnings in 2017 final results
Clean water technology company MYCELX Technologies Corporation announced its audited results for the year ended 31 December on Tuesday, reporting a 74% improvement in total revenue to $13. 8m.
Ei Group asset value up in first half
Ei Group - the UK’s largest pubco, formerly known as Enterprise Inns - issued its interim results for the six months ended 31 March on Tuesday, reporting further growth in its net asset value to £3. 26 per share, from £3. 01 per share a year ago.
Patisserie Holdings half-year profit up 14%, looking out for acquisitions
Café and casual dining group Patisserie Holdings posted a 14% jump in first-half pre-tax profit on Tuesday as revenue rose and the company said it is well placed to make strategic acquisitions should appropriate opportunities arise.
Lakehouse wins £55m contract with Welsh government
AIM-listed Lakehouse has been awarded a £55m contract with the Welsh government.
Audioboom urgently seeking cash as acquisition falls through
Podcasting platform Audioboom announced on Tuesday that its proposed acquisition of Triton Digital Canada will not be proceeding.
TSB 'turned down help' from Lloyds over IT meltdown
TSB rejected help from former owner Lloyds Banking Group at the start of an IT meltdown that left 1. 9m customers without access to their online bank accounts and leaked their personal data with other clients, according to reports.
Premier Foods annual pre-tax profit surges 75%
Mr Kipling and Bisto owner Premier Foods reported a rise in full-year profit and revenue on Tuesday, with the second half of the year benefiting from the colder weather.
Contract win for Capita as watchdog slams staff's behaviour
There was good and bad news for Capita on Tuesday as the outsourcer won a £37m claims handling contract with the Financial Services Compensation Scheme, but hit the headlines after a report found that some of its staff used excessive restraint on asylum seekers.
Charter Court loan book up 28pc in first quarter
Charter Court Financial Services Group updated the market on its trading in the first quarter on Tuesday, claiming that it had maintained a “strong” balance sheet during the period, with its loan book up 28. 2% year-on-year to £5. 5bn.
UBM sees current trading in line with expectations
Events organiser UBM, which is being taken over by Informa, said current trading was in line with expectations despite a “challenging” fashion sector.
Cairn Energy shareholders given positive development update at AGM
Investors in Cairn Energy were promised a 2018 year that would be “just as active” as 2017 on Tuesday, as they gathered for the company’s annual general meeting in Edinburgh.
CYBG interim profits increase less than forecast
CYBG, the owner of Clydesdale Bank and Yorkshire Bank that recently approached Virgin Money about a possible takeover, increased underlying profits in the first six months of its financial year but PPI misselling costs dragged it into losses.
Taylor Wimpey to bump up dividend payout, sets out five-year goals
Housebuilder Taylor Wimpey was on the rise on Tuesday after announcing plans to bump up its dividend payout as it set out its new goals for the next five years.
Landsec swings to basic loss as dividend increases
Land Securities issued its results for the year ended 31 March on Tuesday, reporting 1 6. 3% improvement in revenue profit to £406m, while its valuation deficit shrunk 0. 7% to £91m.
Spirax warns on strengthening pound; sees unchanged forecasts
Specialist engineering firm Spirax-Sarco warned that currency tailwinds could hit full year sales and profits if sterling stayed at current levels.