News And Announcements
Tekmar wins 'significant' new offshore Middle East contract
Offshore energy technology and support provider Tekmar Group announced the award of a “significant” new contract on Thursday.
Attraqt flags 2021 growth in line with expectations
E-commerce product discovery technology company Attraqt Group said in an update on Thursday that its financial performance for 2021 was expected to show growth in line with expectations.
Steppe Cement records 'good' revenue growth as it focuses on local market
Steppe Cement said in a trading update on Thursday that it recorded “good” revenue growth in 2021, with positive market conditions for the business.
Polar Capital pleased with performance through third quarter
Specialist active asset manager Polar Capital reported assets under management of £24. 3bn in a trading update on Thursday, up from £20. 9bn at the end of March.
Mobile Streams agrees 'major' new contract with IGS
AIM-listed mobile content and data intelligence company Mobile Streams has announced a "major" strategic partnership contract with International Gaming Systems.
Johnson Service Group trading in line despite Omicron challenges
Textile service provider Johnson Service Group said in a trading update on Thursday that volumes during November and December were in line with pre-Covid normalised levels for workwear, and were about 77% of normal within the hotel, restaurant and cafe (HoReCa) sector.
Ovo Energy to axe 1,700 jobs
Ovo Energy is to axe 1,700 jobs, around a quarter of its workforce, as part of company-wide cost-cutting drive.
Ideagen hikes dividend after decent first half
Information management software company Ideagen reported a first half performance in line with market expectations on Thursday, with total revenue rising 33% to £38. 8m.
Ceres Power ends year in line with expectations
Fuel cell and electrochemical technology company Ceres Power said in a trading update on Thursday that revenue and other operating income for 2021 was expected to be in line with its previous guidance, at about £31. 5m.
Brooks Macdonald in 'strong position' despite below-benchmark performance
Brooks Macdonald Group reported growth in funds under management in the last three months to £17. 3bn on Thursday, with net flows rising 55% to an annualised rate of 4. 7%.
Atalaya warns of gas price risks after bumper fourth quarter
Atalaya Mining reported “consistent” fourth quarter performance at Proyecto Riotinto on Thursday, with production exceeding expectations at 13,885 tonnes of copper, due to better metallurgical recoveries offsetting a “slightly lower” head grade.
Premier Miton pulls out of talks with River and Mercantile
Premier Miton Group has pulled out of talks to acquire River and Mercantile Group, the AIM-listed asset manager confirmed on Thursday.
Marks & Spencer edges up annual profits guidance
UK food and clothing retailer Marks & Spencer said it now expected annual profits of at least £500m after strong Christmas sales driven by outperformance in its food range, but also warned of intensified inflationary pressure.
BT close to agreeing $800m sale of BT Sport - report
BT Group is reportedly close to agreeing the sale of its sports broadcasting arm to streaming firm Dazn in a deal worth an estimated $800m.
Asos to quit AIM, festive trading mixed
Asos said on Thursday that it will move to the London Stock Exchange’s main list, as it reported a strengthened sales performance despite "challenging" market conditions.
Tesco lifts annual guidance again, but inflation dampens outlook
UK supermarket chain Tesco on Thursday lifted annual profits guidance for the second time in four months after better-than-expected third quarter and Christmas sales but warned of inflation hitting operating costs.
Hays lifts FY profit expectations after record quarter
Recruiter Hays said on Thursday that full-year operating profit was set to come in ahead of market expectations following a record second quarter.
Provident Financial trades ahead of expectations in Q4, restructures Vanquis board
Sub-prime lender Provident Financial said its fourth-quarter trading performance continued to track ahead of management expectations, driven by favourable macroeconomic conditions and demand for credit from customers, and announced the restructuring of the board of Vanquis Bank as part of an effort to "substantially align its membership" with the board of PFG.
Card Factory tumbles as it warns over inflationary headwinds
Greeting card retailer Card Factory tumbled on Thursday after it warned over the impact of "significant" inflationary headwinds on EBITDA margins and said 2023 profit would come in lower than previously expected.
Safestore reports 'record-breaking year' of growth
Safestore reported a “record-breaking year” of growth in its final results on Thursday, with group revenue rising 15. 1%, or 15. 5% at constant exchange rates, to £186. 8m, as its operating profit almost doubled.