Company News
TP Group awarded £770,000 contract
An overseas government agency has awarded a £770,000 contract to TP Group, the specialist services and engineering group, for work on a classified atmosphere management project.
Romania's Brazi power plant available at 100% capacity, OMV Petrom says
The Brazi power plant of OMV Petrom, the largest private investment project in Romania's energy sector, is said to be currently available at 100% of its 86MW capacity.
Inspiration Healthcare announces official launch of LifeStart neonatal resuscitation unit
Inspiration Healthcare Group has announced today the official launch of its enhanced LifeStart neonatal resuscitation unit at MEDICA, the world's leading trade fair for the medical industry taking place in Duesseldorf.
Intermediate Capital AuM rise 14% in first half
Asset manager Intermediate Capital reported a 14% jump in assets for the first half on Tuesday as it raised €5. 7bn of new money.
Picton nearly doubles first half profits
Guernsey-based investment firm Picton Property Income almost doubled its profit after tax in the first half of its trading year, increasing its net asset value 5% in the process.
Redefine International morphing into RDI REIT
Redefine International announced on Tuesday that, as of 1 December, it will change its name and rebranding to RDI REIT.
Polypipe 'on track' to achieve management expectations for full-year
Plastic piping manufacturer Polypipe reported strong organic growth across UK residential and mainland European markets in the ten months to 31 October, putting the firm on track towards management expectations for its full year.
B&M sees continued revenue improvement as estate expands
B&M European Value Retail reported a 21. 7% improvement in group revenues to £1. 35bn in its half-year results on Tuesday - a 21% rise at constant currencies.
FirstGroup boosted by new South Western Railway franchise
Passenger transport operator FirstGroup updated the market on its overall trading in the first half on Tuesday, saying it was “consistent” with plans it outlined at start of the financial year with “strong” cash performance in addition to inflows from the recent start of its South Western Railway joint venture.
UBM leaves expectations unchanged despite fashion and pharma 'softness'
Events and business information provider UBM updated the market for the current financial year to date on Tuesday, reporting that trading since the half year has been “strong” with the group on track to deliver “significantly accelerated” adjusted underlying revenue growth in annual events for the full year, of at least the Global B2B Exhibitions Industry average.
Electrocomponents growth accelerates after bumper first half
Electrocomponents reported a 16. 6% reported improvement in revenue in its first half on Tuesday, to £823. 8m, or 13. 3% on an underlying basis, as its gross margin rose 0. 6 percentage points to 43. 4%.
Higher material costs offset bumper steel market for Vesuvius
Molten metal flow engineering company Vesuvius updated the market on its trading for the period from 1 July to 30 September on Tuesday, reporting that since its half year results in July, global steel production growth has exceeded its expectations and overall sales growth has continued to outperform the global steel market.
Schneider posts good growth ahead of combination with AVEVA
Schneider Electric Software saw a 4% improvement in its first half revenue to $288. 5m in the six months to 30 September, it reported on Tuesday, ahead of its planned combination with FTSE 250 company AVEVA.
AVEVA posts solid first half as market conditions stabilise
AVEVA Group claimed a “good” first half performance in its interim results on Tuesday, which it said reflected “strong” sales execution and more stable market conditions in the six months to 30 September.
Vectura initiates £15m share buyback
Vectura Group announced on Tuesday that its board has approved a share buyback to return up to £15m of capital to shareholders.
BTG continues to deliver growth in first half
BTG reported a 20% rise in revenue in its interim results on Tuesday to £341. 3m, or 13% at constant exchange rates, while product sales were ahead 24% on the same time last year at £239. 7m.
Centrica expands Hive partnership with Eni in Italy
Energy giant Centrica announced on Tuesday it had inked a five-year partnership with Italian energy firm Eni Gas e Luce that would see its 'Connected Homes' products available on the continent by the end of the month.
IronRidge Resources signs Venture Agreement with Gail Exploration
AIM-listed minerals exploration company, IronRidge Resources, reported the signing of a joint Venture Agreement with Gail Exploration SA on Tuesday, granting it exclusive rights over a granted license prospective for gold in Cote D'Ivoire, West Africa.
Aukett Swanke scores Dubai mall contract from Lesso
London-based architectural design firm Aukett Swanke Group landed a new project win in the Middle East to provide roughly 1,270,000 square feet of retail space.
Ascential trading 'in line' as Cannes Lions 2018 launches
Ascential said it remained on track to hit full year forecasts, ahead of a capital markets day being held by the events group o Tuesday.