News And Announcements
EasyHotel outperforms market as it continues to expand
Superbudger hotel operator easyHotel issued its interim results for the six months ended 31 March on Wednesday, reporting an 11. 2% improvement in owned hotels revenue per available room (RevPAR), significantly outperforming the market by 11. 7%.
FTSE 250 movers: Britvic fizzes higher; Vedanta slumps as protests turn violent
London's FTSE 250 was down 0. 6% to 21,064. 66 in afternoon trade on Wednesday amid a flurry of corporate releases.
Strong profit growth continues into new year at Norish
Norish updated shareholders on its performance ahead of its annual general meeting on Wednesday, confirming that 2018 so far was looking to be “another year” of strong profit growth.
Bagir urges patience on Shandong Ruyi deal
Tailoring company Bagir updated the market on its proposed strategic partnership with textiles manufacturer Shandong Ruyi Technology Group on Wednesday, under which Shandong Ruyi would invest $16. 5m to acquire 54% of Bagir’s enlarged issued share capital.
Catalyst's SIS investment could see major impact from fixed-odds betting change
Catalyst Media Group updated the market on its Sports Information Services investment on Wednesday, following the reduction of the maximum stake for fixed-odds betting terminals to £2 as announced recently by Westminster.
NAHL trading in line in year-to-date
Legal services consumer marketing business NAHL said its first four months of trading in 2018 had been in line with management expectations, as its shareholders got together for the annual general meeting.
Stilo International sales remain on track, investors told
Software tools and cloud services developer Stilo International told shareholders that sales projections for the current financial year remained in line with management expectations on Wednesday, as they gathered for the company’s annual general meeting.
BT releases new 'Plus' plans with broadband and mobile on one bill
BT announced the launch of its new ‘BT Plus’ product on Wednesday, describing it as the UK’s first converged fibre and 4G plan.
Vedanta Resources slides as copper plant protesters killed by police
Vedanta Resources was under the cosh on Wednesday despite saying it swung to a full-year net profit, after as many as 12 people were killed and scores injured when police opened fire onto a crowd protesting against the expansion of its Tuticorin copper smelter in India.
Barclays casts eye over Standard Chartered as Bramson hovers
Barclays is reported to be considering a merger with Standard Chartered or another international bank as part of contingency planning prompted by the arrival of activist investor Edward Bramson as a shareholder.
Babcock sees further growth as it reports record profit
Babcock International said it was positioned for further growth as the defence contractor posted record annual profit.
Riverstone swings to loss following Centennial loan repayment
FTSE 250-listed investment company Riverstone Energy turned in a "strong start" to the year, achieving $103m of realisations in the first three months of its trading year, strengthening its capital position despite swinging to a loss.
Arsenal appoint former PSG coach Emery to succeed Wenger
Unai Emery was officially confirmed on Wednesday as the “unanimous” choice to succeed Arsene Wenger as manager of Arsenal football club.
HICL Infrastructure 'resilient' as Carillion collapse hits earnings
HICL Infrastructure Company issued its preliminary annual results for the year ended 31 March on Wednesday, calling them a “resilient set of results”, with its net asset value per share rising marginally to 149. 6p at year-end, from 149. 0p 12 months earlier.
Bakkavor sales growth slows but full-year targets unchanged
Prepared food producer Bakkavor Group said it expected slower sales in the first four and a half months of the year to reverse as market conditions improve and new business rolls in later in the year.
Regulator clampdown to dent IG revenue by 10%
FTSE 250 spreadbetter IG Group said on Wednesday that it has continued to perform well in the final quarter of this year, but that revenue in FY19 will be lower due to the impact of regulatory changes in the UK and EU.
Wood Group wins big contract with TEVA in Germany
John Wood Group has been awarded a multi-million dollar contract by TEVA Biotech to provide engineering, procurement, construction management, commissioning and qualification for a new biotechnological facility to be built in Ulm, Germany, it announced on Wednesday.
Polypipe confident as market looks flat
Plastic piping and ventilation systems manufacturer Polypipe Group updated the market on its trading on Tuesday, as investors gathered for its annual general meeting, with the board saying it remained “confident” of delivering its full-year 2018 expectations.
Bovis Homes talks up focus on cost optimisation
Bovis Homes Group investors were told of how total sales for the year were in line with the board’s expectations at its annual general meeting on Wednesday, with pricing said to be “strong”.
M&S annual profit falls as food margins are squeezed
Marks & Spencer’s annual profit fell 5. 4% as margins at the retailer’s food business were squeezed by the rising cost of ingredients.