News And Announcements
Aston Martin looking to raise more cash as it warns on profits again
Aston Martin Lagonda said on Tuesday that it was looking to raise more cash from investors as it issued another profit warning.
Best Buy scales back sales guidance after Q3 miss
Shares in consumer electronics retailer Best Buy dropped sharply on Tuesday after the US group cut full-year financial guidance after missing expectations with its third-quarter results.
Frasers to buy South Africa's Holdsport; takes stake in Marks Electrical
Mike Ashley’s Frasers Group said on Tuesday that it has agreed to buy South African sporting, outdoor and recreation goods company Holdsport for an undisclosed sum.
Idox flags strong full-year performance
Information management software and geospatial data specialist Idox flagged a strong full-year performance in an update on Tuesday, with revenue expected to rise by about 20% to £87. 6m.
Serica Energy Q3 production up by a fifth
Serica Energy reported average production of 37,800 barrels of oil equivalent per day for the first nine months of the year on Tuesday, a 20% increase over the same period in 2023.
FD Technologies reports mixed first half
FD Technologies reported mixed half-year results on Tuesday, as revenue from its KX platform grew 5% to £39. 5m, helping to offset a 12% decline in revenue from its First Derivative division.
Tracsis named as preferred bidder for National Rail PAYG system
Transport technology provider Tracsis announced on Tuesday that its subsidiary iBlocks has been named the preferred bidder for the development of a pay-as-you-go (PAYG) tap converter system by the UK’s Rail Delivery Group, which represents National Rail operators.
Amaroq upbeat on maiden Nanoq drilling results
Amaroq Minerals announced significant results from its inaugural drilling programme at the Nanoq Project in Southern Greenland’s Nanortalik Gold Belt on Tuesday, with high-grade gold intercepts including up to 123 grams of gold per tonne over 0. 5 metres.
Co-op Bank to return £90m to shareholders ahead of merger
The Co-operative Bank said on Tuesday that it will return £90m to shareholders as it hailed a "robust" third-quarter trading performance.
Quadrise shares soar on deal to kickstart innovative fuel trials
Shares in AIM-listed Quadrise rocketed again on Tuesday after the cleaner fuel solutions group announced a project agreement that paves the way for the long-awaited trials of the company's MSAR and bioMSAR fuels.
Macquarie fined £13m after junior trader posts 400 fake trades to cover losses
Australia's Macquarie Bank has been fined £13m by Britain’s financial regulator after a junior trader concealed trading losses by posting 400 fake trades.
IG Design Group H1 profits slump amid revenue decline
Gift wrap and greetings cards manufacturer IG Design Group said on Tuesday that both revenue and profits had fallen in the six months ended 30 September.
Sosandar narrows losses as margins improve
Women's fashion retailer Sosandar said on Tuesday that first-half losses narrowed despite a drop in revenue.
Halfords interim profits fall; Budget changes to add £23m in costs
Retailer Halfords said on Tuesday that changes to National Insurance contributions and minimum wage announced in last month’s Budget will increase its costs by around £23m, as it reported a dip in interim revenue and profit.
AB Dynamics confident after strong full-year growth
Transport testing, simulation, and measurement specialist AB Dynamics reported a 10% increase in revenue to £111. 3m for the year ended 31 August on Tuesday.
First-half revenue, earnings fall for Victoria
Flooring company Victoria reported a decline in first-half revenue and profitability on Tuesday, reflecting a challenging trading environment.
Renew delivers record results as annual revenues top £1bn
Infrastructure engineering services firm Renew on Tuesday delivered record full-year results in line with recently upgraded forecasts, with revenues growing by almost a fifth, as the company reported a confident outlook.
Supreme lifts expectations after solid first half
Vaping and fast-moving consumer products specialist Supreme reported an 8% improvement in revenue in its first half on Tuesday, to £113m.
Telecom Plus targets dividend boost as customer numbers, profits grow
Utilities provider Telecom Plus said it was on track to meet full-year guidance and targeted a dividend increase of at least 13% after a sharp increase in customer numbers offset a decline in revenues due to lower energy prices.
Severfield warns on profits despite first-half growth
Shares in structural steel group Severfield were sliding on Tuesday morning, despite a 17% rise in first-half revenue to £252. 3m, as the company warned on profits amid a number of short-term headwinds.