News And Announcements
Steppe revenues grow as Kazakh cement prices rise
Kazakh cement company Steppe Cement reported third quarter revenue of KZT 12. 05bn (£21m) on Friday, which was 8% higher year-on-year.
Learning Technologies cleared to acquire GP Strategies
Digital learning and talent management company Learning Technologies announced the receipt of all regulatory clearances required for completing the acquisition of GP Strategies on Friday.
Weir revises guidance in wake of cybersecurity incident
Weir Group was in the red on Friday morning, after it announced that it was “managing the consequences” of a sophisticated attempted ransomware attack that took place in the second half of September.
Brighton Pier FY earnings seen 'significantly ahead' of expectations
Leisure business Brighton Pier Group said on Friday that full-year earnings were expected to be "significantly ahead of market expectations" after a "strong" summer trading performance.
Premier Miton posts healthy growth in AuM
Premier Miton Group reported £13. 9bn in assets under management at the end of its financial year on Friday, up from £10. 6bn year-on-year.
Journeo wins place on Crown procurement framework
Transport technical and information systems company Journeo has been awarded a framework agreement with Crown Commercial Service, it announced on Friday.
Dekel production still improving as crude palm oil prices rise
West Africa-focussed agriculture company Dekel Agri-Vision updated the market on production in September and the third quarter at its wholly-owned Ayenouan palm oil project in Côte d'Ivoire on Friday.
Just Eat announces departure of Grubhub founder Matt Maloney
Food delivery firm Just Eat Takeaway. com said on Friday that Matt Maloney has decided to step down as member of the company's management board with effect from 1 December to pursue other opportunities.
Electrocomponents lifts FY guidance but warns on costs
Electronic parts distributor Electrocomponents lifted annual guidance after reporting interim trading ahead of expectations, but said supply chain issues would persist.
Chemring says HMRC has closed enquiry into CFC exemption
Chemring said on Friday that it has retired a contingent liability of up to £15m after HMRC confirmed that an enquiry into its participation in the UK’s Controlled Foreign Company Finance exemption has been closed.
Deloitte said to be under investigation over Essar Oil audit
Deloitte is reportedly under investigation over its auditing of Essar Oil UK, the owner of the Stanlow oil refinery.
Strategic Minerals negotiating finance for Leigh Creek
Producing mineral company Strategic Minerals updated the market on funding progress for the Leigh Creek Copper Mine project, as well as addressing the conditional elements of the project's programme for environmental protection and rehabilitation (PEPR), on Friday.
ITM Power hydrogen consortium awarded European grant
Energy storage and clean fuel technology company ITM Power announced on Friday that the ‘Refhyne II’ consortium had been awarded a grant of €32. 4m (£27. 49m) by the European Climate, Infrastructure and Environment Executive Agency ‘CINEA’ for the development of a 100 MW electrolyser at Shell's Energy and Chemicals Park in Germany’s Rhineland.
Volex agrees acquisitions of Prodamex and TC
Power products and manufacturing services provider Volex has signed a share purchase agreement for the acquisition of Prodamex and Terminal & Cable (TC), it announced on Friday, for a total consideration of CAD 22. 5m (£13. 17m).
Secure Income reports rent collection level of 100pc
Secure Income REIT updated the market on the collection of rents due to date on Friday, following the end of the rent collection cycle for the September quarter, and monthly rents due from July to October.
Unite Students lettings running 'slightly below' expectations
Student accommodation specialist Unite Students updated the market on Friday, reporting that in the final stages of the lettings cycle for the 2021-2022 academic year, 94% of bed spaces were now let across its total portfolio, up from 88% last year and compared to 98% two years ago, pre-pandemic.
Peel Hunt upgrades M&S to 'add'
Peel Hunt upgraded Marks & Spencer to ‘add’ from ‘hold’ on Friday and lifted the price target to 190p from 150p following the retailer’s capital markets day.
N Brown profits grow as strategic transformation bears fruit
Jacamo and Simply Be owner N Brown posted a jump in interim profit on Friday despite a dip in revenue, as it hailed the success of its strategic transformation.