News And Announcements
Supply issues subdue profits at In The Style
In The Style saw earnings slide in the last six months, despite a jump in revenues, as supply chain issues weighed heavily.
Cineworld ordered to pay Cineplex CAD $1.28bn in damages
Cinema operator Cineworld has been ordered to pay Canadian theatre company Cineplex CAD $1. 28bn (£751. 57m) in damages and lost transaction costs in relation to its proposed acquisition of the Toronto-based firm.
Avacta antigen lateral flow test shown to detect Omicron
Aim-listed Avacta said on Wednesday that its AffiDX® antigen lateral flow test has been shown to detect the Omicron variant of the SARS-CoV-2 virus in clinical samples.
Baltic Classifieds revenue, earnings grow in first half
Baltic Classifieds Group reported organic revenue grew of 24% in its first half on Wednesday, to €25m, driven by a solid performance in autos with organic growth of 10% organic and reported growth of 7% reported, real estate with revenue growth of 20%, and generalist with growth of 11%, and a more-than-doubling in jobs and services at 113%.
MusicMagpie FY revenues and adjusted EBITDA seen in line with expectations
Online retailer MusicMagpie said on Wednesday that both full-year revenues and adjusted underlying earnings for the twelve months ended 30 November were in line with internal expectations at £145. 2m and £12. 2m, respectively.
Clarkson chairman Bill Thomas to step down
Shipping firm Clarkson said on Wednesday that chairman Bill Thomas had abounded his intention to step down from the role.
Evraz to proceed with coal demerger
Russia-focused miner and steelmaker Evraz on Wednesday said it was going ahead with plans to spin off its coal assets consolidated under PJSC Raspadskaya.
Hammerson sells Glasgow mall for £140m
Shopping centre owner Hammerson said it had sold Silverburn, a shopping centre near Glasgow and jointly owned by Hammerson and the Canada Pension Plan Investment Board, to affiliates of Henderson Park and Eurofund, for £140m.
Bunzl sees 2022 revenue 'slightly' higher thanks to acquisitions
Bunzl said on Wednesday that revenue in 2022 is expected to be "slightly" higher than the previous year thanks to acquisitions.
Drax appoints Worley to begin FEED study on BECCS project
Power generation firm Drax said on Wednesday that it had appointed Worley Europe to begin a front-end engineering design (FEED) study for its bioenergy with carbon capture and storage (BECCS) project.
GSK-Sanofi Covid jab shows 'strong' immune response
A Covid-19 vaccine booster being developed by GlaxoSmithKline and Sanofi has been shown to be effective across all age groups tested, according to data released by the UK drugs firm on Wednesday.
DCC acquires US sales and distribution business Almo
Sales and marketing firm DCC has acquired US sales and distribution business Almo for approximately $610. 0m, its largest acquisition to date.
888 Holdings sells bingo business for $50m
Online gambling group 888 Holdings on Wednesday said it had sold its bingo businesses to the Broadway Gaming group for $50m on a cash-free debt-free basis, including a potential earnout of up to $4m.