Company News
Budget: Planning probe spooks builders, mixed reaction for stamp duty cut
A range of new housing policies were proposed by Chancellor Philip Hammond in his Budget statement, including more funds for smaller housebuilder, a probe into potential holding of land by major housebuilders and a stamp duty cut for first-time buyers.
Higher margins offset declining sales volumes at Cambria
Motor dealer Cambria Automobiles managed to successfully grow profit and revenue throughout the financial year, as per-unit profits counteracted a slide in sales volumes.
First production at Texas asset transforms Pantheon Resources into full-cycle energy and power business
Oil and gas exploration firm Pantheon Resources announced "another year of progress" in its full-year results on Wednesday, as it completed the transition from a pure-play exploration company to a full-cycle energy and power business.
Integrated Diagnostics revenue up 41% despite tighter margins
Egyptian-focused medical diagnostics firm Integrated Diagnostics (IDH) reported an unaudited net profit of EGP 283m for the first nine months of its trading year, as revenue "accelerated meaningfully" in the third quarter.
Cadence Minerals discovers 21m tonnes of resources at Yangibana project
Mineral resource investment and development company Cadence Minerals issued updates on its Yangibana and Pilbara rare earth projects in Australia, with work set to begin on extensive ferrocarbonite/ironstone veins that had previously been evaluated by drilling in the 1980s.
Thursday preview: UK GDP, ECB minutes, results from Centrica, Cineworld, Severn Trent
Thursday's market volumes will be thinner as the US gets fatter on Thanksgiving, while the UK chews over the second reading for gross domestic product and likely further analysis of the Chancellor's Budget, while corporate results include Centrica, Severn Trent and Cineworld.
Budget: New tax breaks aim to revive North Sea oil and gas producers
Chancellor Philip Hammond has announced new tax breaks to encourage investment in North Sea oil and gas producers.
Treasury facing £300m phone bill after mobile network court challenge
The Treasury was facing the prospect of a rather expensive mobile phone bill on Wednesday, after a £300m appeal against a significant increase in annual license fees was upheld.
Gfinity losses widen as it invests in product
Esports entertainment business Gfinity saw revenue increase 64% to £2. 37m in the year to 30 June, it reported on Wednesday, with its loss before tax widening to £5. 3m from £3. 1m.
Rambler installs Scott Britton as manager at Ming Mine
Rambler Metals and Mining announced the appointment of Scott Britton as its new general manager at the Ming Copper-Gold Mine in Baie Verte, Newfoundland and Labrador, Canada on Wednesday.
Ferrum Crescent granted three-year extension at Toral
Europe-focussed lead-zinc explorer Ferrum Crescent announced on Wednesday that, following a formal application to the Director-General of Mines of the Province of Leόn, its exploration licence on the Toral lead-zinc project has been renewed for a further three-year term to November 2020.
Totally acquisition Vocare wins contract extension with NHS Vale of York
Out-of-hospital services provider Totally has been awarded a two year contract extension ‘in-principle’ to 31 March 2020 with NHS Vale of York Clinical Commissioning Group, it announced on Wednesday.
Immedia launches 'DreamStream X' content platform
Immedia announced its latest DreamStream X content platform on Wednesday, which it said offers brand-owned interactive entertainment channels to global fan bases via mobile and web.
Forterra trading strongly after Bison acquisition
Masonry products producer Forterra updated the market on its trading to 31 October on Wednesday, saying that it continued to be underpinned by “good activity levels” in the new build residential sector, resulting in double-digit growth of brick and aggregate block volumes for the 10 months to October compared with the same period last year.
MySQUAR reaches 20 million user milestone
Myanmar-language social media, entertainment and payments platform MySQUAR announced on Wednesday that as of 31 October, the total number of registered users across all apps and games exceeded 20 million.
DotDigital gobbles up Comapi in £11m deal
Digital marketing software-as-a-service and managed services provider dotDigital Group has completed the acquisition of the Comapi group of companies for a cash consideration of £11m, it announced on Wednesday.
Orosur Mining expects 2,000 ounce deferral as production halted for repairs
Canadian gold production and exploration firm Orosur Mining was expecting a deferral of approximately 2,000 ounces from the second quarter production at its San Gregorio West (SGW) mine complex in Uraguay as production was delayed due to essential repairs.
Van Elle profits up 15% on 'positive' first-half trading
Geotechnical engineering contractors Van Elle Holdings saw "positive" trading over the first half of its financial year, increasing pre-tax profit roughly 15% with the board expecting to report a turnover in the vicinity of £53m.
Breedon revenues jump 56% in 10 months
AIM-listed Breedon said on Wednesday that it delivered "another solid performance" in the 10 months to the end of October, with both volumes and revenue ahead of the previous year.
NewRiver makes solid first-half progress as developments continue
Retail-focussed real estate investment trust NewRiver was upbeat on its first half results on Wednesday, reporting that its convenience-led strategy was delivering “growing and sustainable” cash returns to shareholders.