News And Announcements
Shoe Zone profit ahead as it makes bank on rent renewals
Budget footwear retailer Shoe Zone issued its interim results for the six months ended 31 March on Thursday, reporting revenue growth of 1. 1% to £73. 7m.
Katoro upbeat after Tanzania regulatory changes
Tanzania-focussed gold exploration and development company Katoro Gold updated the market on its Imweru Gold Project on Thursday.
Deutsche Bank announces over 7,000 lay-offs worldwide
German lender Deutsche Bank announced on Thursday it was preparing over 7,000 lay-offs across its global operations in a bid to cut costs.
Oxford Metrics offloads Yotta Surveying in £1.3m deal
Software company Oxford Metrics announced the sale of Yotta Surveying to construction and civil engineering company Ginger Group on Thursday.
GoTech cash shell pivoting to medical cannabis
Cash shell GoTech announced its intention to seek shareholder approval a number of things on Thursday, the first of which would be the cancellation of its shares to trading on AIM.
Young's serves up heady growth in preliminary results
Young & Co’s reported a 3. 9% improvement in revenue in its preliminary results on Thursday, to £279. 3m.
Paypoint lifts dividend as new tech rollout continues
Payment services and technology firm Paypoint issued its preliminary results for the year ended 31 March on Thursday, reporting 5% growth in revenue to £213. 5m.
SRT Marine Systems confirms fundraising talks
SRT Marine Systems, an AIM-listed provider of maritime tracking, monitoring and management systems, confirmed on Thursday that it is in talks with certain institutional and other investors about a fundraising.
US existing home sales slide 2.5% in April
Sales of US existing homes slid in April after two straight months of increases, according to data from the National Association of Realtors.
Mediclinic maintains dividend but Swiss outlook cloudy
Hospital operator Mediclinic International kept its dividend flat as it reported a £492m loss after changes in the Swiss regulatory environment led to considerable non-cash write downs.
Realm completes enrolment in Phase 2 atopic dermatitis treatment study
Clinical-stage biopharmaceutical company Realm Therapeutics has completed enrollment in its Phase 2 study of PR022 - its topical IL-4 / IL-13 inhibitor for the treatment of atopic dermatitis - it announced on Thursday.
Tate & Lyle CEO plots new path as commodities boost profits
Tate & Lyle has reported a 13% increase in annual profit driven mainly by the rising price of commodities.
Smurfit Kappa agrees Dutch paper deal, investors urge US bid talks
Smurfit Kappa agreed to acquire privately owned paper and recycling business Reparenco for approximately €460m following a competitive process, while facing mounting shareholder demands to revive talks with US suitor International Paper.
Diageo in talks to sell portfolio of US spirit brands
Drinks colossus Diageo is said to be putting several US spirits brands up for sale and could expected to get between $0. 5-1bn for the lot.
QinetiQ annual profit rise helped by one-off gains
QinetiQ’s annual profit rose 5% as the defence technology contractor increased revenue and gained from more than £8m of one-off items.
Spire expects first-half decline but confident of recuperation
Private healthcare provider Spire remained confident in hitting full-year targets even though market conditions remained challenging throughout the start of its trading year, which will lead to lower first-half revenues and earnings.
Plus500 plans move to main stock market
Online trading platform Plus500 announced on Thursday that it's planning to list on the main market of the London Stock Exchange.
Inchcape offsets weak UK performance with solid growth in emerging markets
Automotive distributor and retailer Inchcape has seen revenues come in just shy of £3bn in the year-to-date despite declines reported in its UK and Europe divisions.
HSS Hire earnings and revenue rise as recovery gains momentum
Tool and equipment hire firm HSS Hire posted a jump in first-quarter earnings and revenue on Thursday as its recovery gains momentum.
Capco considering demerger, chairman Durant heading for the door
Capital & Counties said on Thursday that it's considering a demerger that would create two separately-listed businesses based around its Covent Garden and Earls Court estates, as it announced the departure of chairman Ian Durant.