News And Announcements
IBM, Barclays and Citigroup to launch blockchain app store for banks
IMB has teamed up with the likes of Barclays and Citigroup to launch a blockchain platform for financial services, with the tech giant calling a proof-of-concept design called LedgerConnect.
Energy companies 'making switching more difficult', ex-minister warns
The energy retail sector was slammed for the way it was rolling out smart meters on Monday, with a former energy secretary accusing companies of installing meters that made it more difficult for customers to switch suppliers.
Petropavlovsk lowers guidance as it sorts out previous management mess
Petropavlovsk updated the market on its trading for the first half to 30 June on Monday, reporting that its full operational review was now underway, after being launched by the company’s CEO following his appointment at the end of June.
Reabold pleased with progress at Monroe Swell
Reabold announced on Monday that workover activity at the Monroe Swell area, in which it holds a 50% equity interest following its recent acquisition of Gaelic Resources, was underway and showing initial signs of success.
Babcock slams 'misleading' Sunday Times article
Engineering services company Babcock updated the market on Monday over what it called a “misleading article” published by the Sunday Times at the weekend.
Marlowe buys water treatment firm Kingfisher Environmental
Support services group Marlowe has acquired Kingfisher Environmental Services, it announced on Monday, which it said would further extend its national footprint in the water treatment market.
Jos Opdeweegh appointed new CEO of Connect Group
Specialist distributor Connect Group announced on Monday that Jozef ‘Jos’ Opdeweegh has been appointed its new chief executive officer, starting with the company and joining the board on 1 September.
Ibstock warns on profits after brick factory maintenance shutdowns
Brick and tile maker Ibstock warned on Monday that full year profits will be lower than previously guided due to a factory production logjam on top of the earlier weather problems and ongoing higher energy costs.
Amerisur signs farm-in agreement with Gulfsands for Colombia asset
Oil and gas producer and explorer Amerisur Resources has signed a farm-in agreement with Gulfsands Petroleum for the acquisition, subject to Agencia Nacional de Hidrocarburos (ANH) approval, of the 100%-operated working interest in the Putumayo 14 block in Colombia, it announced on Monday.
Foxtons blames property market as it swings to loss
London-focussed estate agent Foxtons Group announced its results for the half-year ended 30 June on Monday, reporting a 9% fall in group revenue as what the board called a “resilient” lettings performance was offset by ongoing weakness in the London sales market.
Dialight revenue and earnings fall with board 'confident' in recovery
Industrial LED lighting company Dialight issued its half-year results for the six months ended 30 June on Monday, reporting a fall in revenue to £80. 1m from £92. 7m a year ago.
SLAberdeen confirms near £1bn stake in Indian associate
Standard Life Aberdeen's stake in HDFC Asset Management Company has been valued at £982m ahead of the associate's initial public offer on the Bombay Stock Exchange.
Hiscox beats forecasts for first half profits
Hiscox beat analysts' forecasts for the first six months of the year, posting a double-digit increase in profits while telling shareholders that the field was wide open to continue growing its Retail arm.
Indivior given October court date with Dr Reddy's, delays Perseris launch
Indivior's lawyers will be able to begin arguing the drug developer's case against Dr Reddy Laboratories in October, after the US appeals court agreed to speed up the process.
Ofgem proposes tougher price controls, clarifies plans for Hinkley Point connection
Ofgem said its plans to deliver savings of more than £5bn to consumers through “tougher price controls” for energy networks moved a step closer on Monday.
BT Sport misses out on NBA and UFC
BT Sport will lose the rights to broadcast NBA basketball and UFC fights after the company withdrew from negotiations this weekend.
Cranswick pleased with trading as investment programme rolls on
Food producer Cranswick updated the market on its trading for the three months to 30 June on Monday, reporting that trading in the first quarter of the financial year was in line with its expectations.
Keller turns in record first-half revenues
Keller Group turned in a personal best first-half revenue on Monday, thanks to a return to strong organic growth over in North America and a renewed surge in Asia-Pacific.
Senior bumps up interim payout, says end-market demand "generally healthy"
Senior bumped up its interim dividend payout, even as it said it was "watching with care" for any impact from the geopolitical trade discussions, thanks to an improved performance at both of its main divisions.
Mortgage growth slows as CYBG progresses Virgin Money offer
CYBG confirmed that trading in the three months to 30 June was in line with its expectations on Monday, reporting year-to-date mortgage growth of 3. 8% on an annualised to the end of the third quarter, to £24. 2bn.