COMPANY NEWS
08 Jan
shire, ornskov
Shire splits in two, holds back from ADHD division spin-off

Shire is going to split itself into two, with one arm focused on rare diseases and the other on neuroscience, with separate reporting to begin from the first quarter of 2018 and a decision on a possible spin-off later this year.

08 Jan
medical surgical instruments hospital health doctor surgeon
Avingtrans secures several notable contracts over first half of trading

Energy and medical sector component manufacturer Avingtrans announced on Monday that its full-year results would likely be in line with market expectations after a strong performance in the first half.

08 Jan
LED lights
Dialight chief executive steps down

Industrial LED lighting technology group Dialight announced on Monday that Michael Sutsko, the firm's chief executive, had stepped down from the board with immediate effect.

08 Jan
Prospect union members agree BT pension fund changes

Members of the Prospect union working for telecoms firm BT have voted to accept changes to their pension scheme, the union said on Monday.

08 Jan
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System1 shares fall on profit warning

Shares in marketing and brand consultancy firm System1 Group fell on Monday after the London-based company warned investors that gross profits for the twelve months leading to 31 March would be around 20% less than in the previous year.

08 Jan
morrison supermarket grocer vegetable fruit
Tuesday preview: Morrison leads retail rush, BRC retail sales, EU jobs

January is a big month for retail investors and Tuesday sees this start to become apparent with trading updates from Morrisons and four others, plus industry sales data from the British Retail Consortium and Kantar.

08 Jan
washing machine lavadora bosch ao
Xeros signs development agreement with major manufacturer

Polymer-based technologies company Xeros Technology Group has signed a second Symphony Project development agreement with another commercial washing machine manufacturer.

08 Jan
Oil mining
Magnolia Petroleum involved in new Oklahoma wells

Magnolia Petroleum, the AIM-quoted US focused oil and gas exploration and production company, said three extra increased density oil wells would be drilled near the Gilchrist well in Oklahoma.

08 Jan
euro-mobile-smartphone
Touchstar expects trading inline with market expectations

Mobile computing solutions group Touchstar told investors on Monday that it was expecting results for its fiscal year ended 31 December to fall in line with market expectations driven by continued progress throughout the second half.

08 Jan
ashtead aplant
Ashtead's 'overweight' rating reiterated by JP Morgan, target price upped

Analysts at JP Morgan Cazenove revised their target price for Ashtead Group' s shares from 2,400p to 2,450p and reiterated their 'overweight' rating on the same, highlighting the 'rare' opportunity for the company, which was already a market leader in the US, to continue growing its market share in that North American market.

08 Jan
cash money sterling pay deal offer acquisition m&a
Prospex Oil and Gas raises £1.2m in placing

AIM-listed Prospex Oil and Gas has raised £1. 2m in an oversubscribed placing of 200m shares, which will ensure the group is fully funded for its basic 2018 work programmes across its portfolio of investments in late stage European onshore oil and gas projects.

08 Jan
pills tablets medicine drugs pharmaceutical
Amryt Pharma signs distribution agreement for Lojuxta in Switzerland

Biopharmaceutical group Amryt Pharma has signed an exclusive distributor agreement for Lojuxta, its treatment for homozygous familial hypercholesterolemia (HoFH) - a rare, life-limiting disease that impairs the body's ability to remove bad cholesterol from the blood - in Switzerland.

08 Jan
Micro Focus share slump as H1 numbers disappoint

Shares in Micro Focus slumped in early morning trade as first half results failed to meet expectations as the stock.

08 Jan
McBride, consumer goods, household
McBride warns over first-half operating profit

Personal care and cleaning products manufacturer McBride was under the cosh on Monday as it said full-year earnings would be broadly in line with the prior year while operating profit for the first six months of the year will below the board's expectations.

08 Jan
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Bango wins regional billing service contract with Netflix

Mobile payments company Bango has teamed up with video streaming giant Netflix to allow online video streaming customers in Mexico to subscribe via their mobile phone bill.

08 Jan
como rescatar el plan de pensiones
Mattioli Woods sees improved margins across first half

Pension consultancy and administration service Mattioli Woods saw "strong and sustainable growth" lead to an increase in revenue of 16% in the six months leading to 30 November 2017.

08 Jan
handshake-deal
AFH completes Monopoly Financial acquisition

Wealth management firm AFH said it had completed the acquisition of the assets of Monopoly Financial Consultants Limited. Under the terms of the deal, the maximum purchase price is £0. 63m subject to the certain financial targets being met. The acquisition is expected to contribute approximately £0. 17m of recurring revenue to AFH.

08 Jan
handshake
Randall & Quilter CFO Booth resigns

Non-life legacy insurance investor Randall & Quilter announced some changes to its senior management team on Monday, including the resignation of its chief financial officer, as it continues to work towards the simplification of the group.

08 Jan
handshake
Shanta Gold appoints Luke Leslie as CFO

AIM-listed gold producer, developer and explorer Shanta Gold said on Monday that it has appointed Luke Leslie as its chief financial officer with effect from 1 January.

08 Jan
cash money sterling pay deal offer acquisition m&a
KCR Residential acquires leasehold apartment

AIM-listed KCR Residential's wholly-owned subsidiary Osprey has acquired a further apartment within one of its freehold retirement residential developments.