News And Announcements
Asda and Sainsbury's CEOs to face MPs over merger
Sainsbury's chief executive Mike Coupe and Asda boss Roger Burnley will face questions from MPs about Sainsbury's proposed £7. 3bn takeover of its Walmart-owned rival.
GlaxoSmithKline head of vaccines business to leave by year-end
GlaxoSmithKline said on Tuesday that the president of its vaccines business, Luc Debruyne, will leave at the end of the year following 27 years at the pharmaceutical company.
Papua Mining upbeat after finishing RC drilling phase at Double Event
Gold and copper exploration company Papua Mining has completed its first phase of RC drilling at the Double Event Prospect, part of the Lighthouse Gold Project in Queensland, Australia, it said on Tuesday.
Verditek pleased with developments at investee Westec
Clean technology company Verditek said on Tuesday that Westec Environment Solutions (WES), in which it is a major investor, is moving into large scale CO2 carbon capture testing, marking a “significant milestone” on its route to commercialisation.
CyanConnode board tries to convince shareholders of turnaround plans
Narrowband radio mesh networks specialist CyanConnode updated shareholders on tuesday ahead of its annual general meeting, set down for 18 June, as it continued to ‘right-size’ its business in response to recent shareholder feedback and last year’s significant under-delivery against its order book.
Outlook for year 'encouraging' at Warpaint London
Investors in colour cosmetics specialist Warpaint London heard how the company was continuing to trade in line with expectations on Tuesday, as they gathered for the annual general meeting.
K3 Capital trading 'comfortably in line'
Business and company sales specialist K3 Capital Group updated the market on its trading on Tuesday, following the close of its financial year on 31 May, saying it expected to report trading “comfortably in line” with market expectations for the year for both revenue and profit.
Alzheimer's trial closure impacts IXICO
Digital technologies company IXICO has received notification from one of its pharmaceutical clients of its decision to stop the screening, randomisation and dosing in a Phase II/III clinical study in Alzheimer's disease in which IXICO is providing specialist imaging clinical trial services, it announced on Tuesday.
FastForward holds on to Leap Gaming as it teams up with IMG
FastForward Innovations confirmed a subscription into its investee company Fralis, trading as Leap Gaming, on Tuesday, just over six months since it said it was in negotiations to sell its entire holding in Fralis last November.
Judicial review to be made into use of 'fibre' in broadband ads
The High Court has given CityFibre permission for a judicial review of the advertising regulator’s decision on the use of “fibre” in broadband advertising.
Oaktree pleased with Ranger developments, still urges shareholders to elect its nominees
Oaktree Capital Management issued another open letter to Ranger Direct shareholders overnight on Tuesday, noting an announcement from Ranger’s board that had withdrawn its proposal to be appointed the company's investment manager, and that the board would now pursue a wind-down.
Motorpoint confident about year ahead as annual profit jumps
Motorpoint said it was confident about its prospects this year as Britain’s biggest independent car retailer posted annual profits up by almost a third.
Frontier flags bumper year as it releases Jurassic World game
Independent video games developer and publisher Frontier Developments updated the market on its trading for the financial year ended 31 May on Tuesday, and confirmed the launch of ‘Jurassic World Evolution’.
Oxford Instruments swings back into profit
Oxford Instruments swung back to a profit in the year to the end of March 2018, driven by a strong performance from its materials and characterisation business and favourable currency movements.
Kepler downgrades Tate & Lyle to 'reduce', looks to lock in profits
Kepler Cheuvreux downgraded Tate & Lyle to 'reduce' from 'buy' and cut the price target to 620p from 630p as it looked to lock in profits since its upgrade of the stock.
Stausholm to replace Lynch as finance chief at Rio Tinto
Rio Tinto has appointed Jakob Stausholm to succeed Chris Lynch as its chief financial officer, it announced on Tuesday.
Domino's Pizza slumps after unexpected CFO departure
Domino's Pizza said on Tuesday that chief financial officer Rachel Osborne left the group a day earlier, as it reaffirmed its outlook for the year.
FCA ends probe into Scottish Widows, four others still under scrutiny
The Financial Conduct Authority has closed a long-running investigation into Scottish Widows without taking action against the Lloyds Banking Group-owned insurer.
New Look posts loss after 'very difficult' year, slashes prices
Struggling fashion retailer New Look posted a loss on Tuesday, with sales down 7. 3% following a "very difficult year" as the company announced it was slashing its prices but said it was beginning to see "green shoots".
Crest Nicholson profit slips, warns on margins
FTSE 250 housebuilder Crest Nicholson posted a drop in half-year pre-tax profit on Tuesday as it warned that margins for the year would come in towards the lower end of its guidance range, squeezed by cost pressures.