News And Announcements
Sabien Technology secures new contract, expects to swing to annual profit
Sabien Technology said on Tuesday that it has won a £78,475 contract with a "leading" UK energy group and that it looks set to swing to a small annual profit.
Appeal by former Stobart CEO rejected by high court
Infrastructure and support services group Stobart said former chief executive Andrew Tinkler has lost his appeal against the High Court defeat over his dismissal.
Ted Baker warns on profits as 'extremely difficult' conditions take toll
Ted Baker issued a profits warning on Tuesday as the iconic retailer said it faced "extremely difficult trading conditions".
Ryanair ramps up Maltese presence through Malta Air
Budget carrier Ryanair is to launch a Malta-based airline as it seeks to ramp up its presence on the island and expand routes.
Brussels blocks Tata-ThyssenKrupp tie up
The European Commission blocked a proposed merger between India’s Tata Steel and Germany’s ThyssenKrupp.
UBS backs Tesco as retailer makes 'significant headway' in turnaround
UBS has upped its price target on Tesco, arguing that the supermarket chain is “fundamentally stronger" and that the market's ongoing scepticism is misplaced.
Motorpoint shakes off volatile market as revenues power ahead
Independent car retailer Motorpoint said full-year sales had surpassed £1bn for the first time, despite a backdrop of consumer "caution and insecurity".
FCA urges Woodford to 'very seriously' consider dropping fees
The head of the Financial Conduct Authority has called on Woodford Investment Management to consider suspending fees on its gated flagship fund.
Higher costs hit Crest Nicholson's interim profits
Crest Nicholson on Tuesday reported lower interim profits after higher costs outweighed a jump in revenue as Brexit worries hit house prices.
Essentra sells Extrusion business to Inter Primo
Plastic and fibre products supplier Essentra has sold its Extrusion business to Swedish firm Inter Primo as part of a deal valued at €16. 2m, free of cash and debt.
Quiz profit tumbles amid 'challenging' trading conditions
Quiz shares tanked on Tuesday after the fast-fashion brand scrapped its dividend and posted a near-100% drop in full-year profit amid "challenging" trading conditions.
Saga partners with Marcus by Goldman Sachs to create long-term savings account
Over 50s specialist Saga has linked up with Marcus by Goldman Sachs to form a new long-term savings partnership, marking the first of several strategic initiatives aimed at returning the group to its "heritage of delivering high-quality products and services".
Sainsbury's appoints former RBS exec Jim Brown as bank boss
Sainsbury's has appointed former RBS executive Jim Brown as chief executive officer of its banking unit.
Bellway keeps costs under control; see FY in line
House builder Bellway said full year earnings growth would be in line with expectations, adding that costs were under control, helping to ease gross margin pressures.
Halma posts record revenue and profit as all four sectors perform well
Safety, health and environment technology company Halma posted record full-year results on Tuesday thanks to strong growth across all four of its sectors.
Compass to buy Nordic food catering business Fazer Food
Compass Group has agreed to buy Nordic food catering business Fazer Food Services for around €475m.
Smith & Nephew to buy Swiss firm Atracsys
Smith & Nephew on Tuesday said it was buying Switzerland's Atracsys, a provider of optical tracking technology used in computer-assisted surgery, for an undisclosed sum.