News And Announcements
Energy supplier Iresa collapses leaving 100,000 customers in limbo
The UK’s cheapest and smallest energy supplier Iresa has collapsed and left almost 100,000 energy customers in limbo that has prompted calls for tests on new entrants to the market.
AstraZeneca's lung cancer treatment gains positive opinion from CHMP
AstraZeneca on Friday received a marketing authorisation for its lung cancer treatment Imfinzi from the committee for medicinal products for human use (CHMP).
Polarean upbeat on results of pilot study
Medical imaging technology company Polarean Imaging announced the allowance of the latest patents on polarisation, the results of a 'pilot study' that was undertaken in preparation for its upcoming phase III clinical trials, and an update regarding phase III trials on Friday.
Gear4music revenue growing amid competitive market
Musical instrument and equipment retailer Gear4music told shareholders that revenue growth was still strong amid a “highly competitive” market on Friday, ahead of the annual general meeting during the afternoon.
President Energy pleased with workover progress in Rio Negro
Upstream oil and gas company President Energy updated the market on its workover programme at the Puesto Flores/Estancia Vieja Concession in Río Negro Province, Argentina on Friday, reporting that current total concession oil production continued in the range of 2,000-2,100 barrels of oil per day (bopd), with the workover programme still continuing.
Grafenia trading in line as it prepares to switch to biodegradable laminate
Investors in Grafenia heard how trading in the company’s first quarter had been in line with its internal budgets on Friday, as they gathered for the annual general meeting.
MyCelx secures another contract extension
Clean water technology company MyCelx Technologies Corporation has secured a further contract extension for its successful waste water solution at a SABIC affiliate, it announced on Friday.
Pearson adjusted operating profit flat but ahead of expectations
Adjusted operating profit at education publisher Pearson was flat in the first half but ahead of expectations, as the company said it remains on track to return to underlying profit growth.
Twitter tumbles as monthly usage declines
Twitter shares tumbled in pre-market trade on Friday as the company said average monthly active users fell in the second quarter, although revenue beat expectations.
Anne Richards leaves M&G Prudential for Fidelity
Ahead of the spin-off of Prudential's UK and Europe business, investment chief Anne Richards has quit to take up the role of chief executive of Fidelity International.
BT impresses with first quarter despite weaker revenue, pensions gaffe
BT Group reported a 2% decline in underlying revenue and a 3% improvement in adjusted profits as regulated price reductions in Openreach and declines in its enterprise businesses offset growth in the consumer business.
Reckitt Benckiser H1 profits up as sales target lifted
Pharma-to-consumer products group Reckitt Benckiser said first-half pretax profit rose 9. 5% as it lifted its full year revenue target on the back of strong instant formula sales.
Equiniti says first half was strongest period ever
Equiniti Group, the provider of corporate governance and shareholder administration services, published a its strongest reporting period yet for the first half of 2018, with double-digit revenue and underlying EBITDA growth, ahead of expectations.
Seeing Machines secures another major design win
Computer vision technology company Seeing Machines has secured a further programme design win, working with an unnamed “major” tier 1 partner, for a Chinese OEM to deliver its ‘Driver Monitoring System’ (DMS) technology, it announced on Friday.
Rightmove interim profits up, dividend lifted
Rightmove posted a jump in first-half revenue and profit on Friday as it lifted its interim dividend and said it was confident of delivering on its full-year expectations.
Hotel Chocolat announces new franchise agreement in Scandinavia
Hotel Chocolat has announced a new franchise agreement in Scandinavia.
Gem Diamonds recovers 100.5 carat diamond from Letseng
Gem Diamonds has recovered a 100. 5 carat, top white colour Type IIa diamond from its Letseng mine in Lesotho.
Quadrise tells shareholders it's doing its best to develop business
Quadrise Fuels International updated the market on its business development activities on Friday, following the signing of a memorandum of understanding with Freepoint Commodities, as announced on 18 July.
Beter Bed appoints Hugo van den Ochtend as its new CFO
Dutch bedroom furniture firm Beter Bed Holding announced on Friday that Hugo van den Ochtend would assume his position as its new chief financial officer on 1 September, succeeding Bart Koops, who was leaving the company effective 1 August.
Higher electricity prices power Greencoat Wind H1 profits
Higher electricity prices helped power first half pre-tax profits at renewables infrastructure fund Greencoat UK Wind to £61. 4m from £32m.