News And Announcements
Royal wedding gives UK supermarket sales a lift
UK grocers were boosted by the royal wedding, the FA Cup Final and the warm weather in the 12 weeks to May 20, a new report from Kantar revealed on Wednesday.
Oxford Metrics revenue rises while profits slip
International software company Oxford Metrics issued its interim results for the six months ended 31 March on Wednesday, reporting a 10. 9% improvement in headline group revenue to £14. 3m.
Red Rock pleased with progress at Steelmin investment
Natural resource development company Red Rock Resources updated the market on progress in commissioning the ferrosilicon plant at Jajce, Bosnia owned by a subsidiary of Steelmin on Wednesday, which itself is 22% owned by Red Rock.
Time Out to open next market in Montreal
Publishing business Time Out Group has entered into a management agreement with real estate company Ivanhoé Cambridge to open a new Time Out Market in Montréal, it announced on Wednesday.
EU Supply revenues rise as e-procurement rules loom
Electronic procurement software provider EU Supply reported a 28% improvement in unaudited revenues for the first four months of its year on Wednesday, as investors gathered for the company’s annual general meeting, in line with the board’s own expectations.
Landore Resources upbeat on progress at Junior Lake
Landore Resources updated the market on its progress with drilling at the BAM Gold Deposit on its Junior Lake Property, Ontario on Wednesday, having drilled every 100 metres from 1200E to 1900E in the 900 metre gap between the BAM East Gold Deposit and the original BAM Deposit.
Ashwood out, Smeeton in as Stratex finance chief
Gold-focussed exploration and development company Stratex announced the retirement of its CFO and company secretary Perry Ashwood on Tuesday, with effect from 4 June.
CyanConnode sells another 5,000 smart meters to India market
Narrowband radio mesh networks specialist CyanConnode announced the receipt of a purchase order from Larsen & Toubro (L&T) for a 5,000 unit smart metering deployment for a new customer in India on Wednesday.
Nexus builds up solid growth in first half
Housebuilding and commercial services provider Nexus Infrastructure issued its interim results for the six months ended 31 March on Wednesday, reporting a 3. 8% increase in group revenue year-on-year, to £62. 9m.
Sorrell's new venture S4 to go public via reverse takeover of Derriston
Derriston Capital has reached agreement on the terms of a transaction to acquire S4 Capital, a newly incorporated company that recently completed a £51m equity fundraising, it announced on Wednesday.
Standard Life sees £100m extra savings at revamped business
Standard Life Aberdeen said it expected to generate at least £100m of extra savings after merging with Aberdeen Asset Management and selling its life insurance business to Phoenix Group.
Ryanair appoints Carol Sharkey as chief risk officer
Budget airline Ryanair has appointed Carol Sharkey as chief risk officer, joining its senior management team.
SSE blames rising costs for increase in household energy bills
SSE blamed rising business costs as it announced a 6. 7% increase in energy bills for households on standard rates.
Photo-Me warns on profit after Japanese ID card disappoints
Photo-Me International shares plunged as it warned this year’s profit would miss expectations because a new Japanese ID card failed to attract enough customers to the country's photo booths.
Telford Homes posts record annual profit and revenue
AIM-listed residential property developer Telford Homes reported record full-year revenue and profit on Wednesday amid strong demand.
LondonMetric earnings rise as it brushes off online retail threat
LondonMetric issued its annual results for the year ended 31 March on Wednesday, reporting £90. 6m in net rental income, up from £81. 8m in the 2017 financial year.
De La Rue annual profit drops after passport contract loss
Banknote printer and passport maker De La Rue, which recently lost its bid to print the post-Brexit passports to Franco-Dutch firm Gemalto, posted a drop in annual profit on Wednesday.
RBS CFO Stevenson quits as government readies stake sale
Royal Bank of Scotland is looking for a new chief financial officer after announcing the departure of Ewen Stevenson as the government prepares to sell some of its stake in the bank.
Martin Sorrell announces plans to build new communications group
Martin Sorrell is taking control of an investment vehicle to build a new communications company just six weeks after stepping down as the boss of WPP, the world’s biggest advertising group.
Essentra appoints Lily Liu as new chief financial officer
Essentra has appointed of Lily Liu as chief financial officer with effect from 15 November, succeeding Stefan Schellinger who is due to retire on that date.