News And Announcements
The Hartford Financial to buy Navigators Group for $2.1bn
Navigators Group looked set to surge at the open on Wednesday after agreeing to be bought by The Hartford Financial Services Group for $2. 1bn in cash.
Analog Devices posts 10% increase in third quarter revenue
Analog Devices's revenues rose 10% in the third quarter as booming sales to business customers more than offset falling sales to consumers for the integrated circuit maker.
Proactis confident in future after combination process
Spend management and business-to-business e-commerce solution provider Proactis Holdings updated the market on its trading for the financial year ended 31 July on Wednesday, reporting that it had now created a platform which was capable of delivering “sustainable organic growth” following a “transformational” re-organisation of its operational structure.
Hydrodec granted European patent
Industrial oil re-refining company Hydrodec Group announced on Wednesday that the European Patent Office has granted it a patent.
Koovs signs £24m media deal with Hindustan Times owner
Koovs has completed its agreement for a £24m media deal with strategic partner HT Media, one of India's largest media companies and owner of the Hindustan Times, it announced on Wednesday.
Inland Homes becomes registered social housing provider
Brownfield developer, housebuilder and partnership housing company Inland Homes has, through its wholly-owned subsidiary Rosewood Housing, been registered as a for profit provider of social housing by the Regulator of Social Housing, it announced on Wednesday.
Smart Metering Systems signs exclusive agreement with Good Energy
AIM-listed Smart Metering Systems has signed an exclusive meter rental agreement with Good Energy to supply new SMETS 2 meters.
James Latham reports strong sales of timber and panels
James Latham reported strong sales for the first four months of its financial year and said it was ready for a period of greater uncertainty.
Hackers claim to have details of 20,000 Superdrug customers
Health and beauty retailer Superdrug is being held to ransom by hackers who claim to have stolen the data of 20,000 customers.
Continental cuts sales and margin guidance
Continental shares fell after the German tyre and car parts maker cut its guidance for 2018 sales and margins.
EVR first-half loss doubles after spending on music VR platform
EVR Holdings' first-half loss more than doubled to £3. 9m after the virtual reality music content producer spent on content creation and on launching its MelodyVR platform.
Georgia Capital buys rest of winemaker Kindzmarauli Marani
Georgia Capital announced the buyout of the remaining 39. 5% equity stake in Kindzmarauli Marani on Wednesday.
Headlam sees full-year results at lower end of market expectations
Floor coverings distributor Headlam said on Wednesday that its full-year results will be towards the lower end of current market expectations amid weakness in the UK floor covering market, as it posted a drop in interim like-for-like sales.
Strategic Minerals pleased with work at Redmoor
Producing mineral company Strategic Minerals updated the market on its interest in the Redmoor tin tungsten project in Cornwall on Wednesday, reporting that its joint venture partner New Age Exploration (NAE) had now funded its 50% of the Phase 1 development costs.
Hansteen reports on solid first half
Urban multi-let industrial property investor Hansteen issued its half-year results for the six months ended 30 June on Wednesday, reporting an increase in IFRS profit to £29. 2m from £13. 3m a year ago.
BigDish ready to 'disrupt' Asia restaurant industry
Restaurant yield management technology company BigDish updated the market on its Asian strategy on Wednesday, following its announcement last week on the acquisition of looloo.
Paul Rawson joining Yu Group as new finance chief
Independent corporate gas and electricity supplier Yu Group announced the appointment of Paul Rawson as its new chief financial officer on Wednesday, with effect from 3 September.
Costain hails 'another good first half' as it lifts dividend 8%
Smart infrastructure solutions company Costain said on Wednesday that it had experienced "another good first half" as it posted a rise in profit and bumped up its interim dividend by 8%.
Laura Ashley FY profit slumps but online and fashion sales rise
Laura Ashley posted a drop in full-year profit on Wednesday as revenue fell amid challenging conditions, although the online and fashion segments were a bright spot.
Elementis sells Jersey City site for $17m
Elementis has agreed to sell a site in Jersey City for $17m (£13m) that was left after the specialist chemicals company disposed of its US colourants business in 2017.