Company News
Berenberg initiates coverage on Chemring with 'buy' rating
Analysts at Berenberg initiated coverage on small-cap defence company Chemring on Wednesday, giving it a target price of 211p and issuing it a 'buy' rating.
Thursday preview: Updates from Tesco, Marks & Spencer, Boohoo and Barratt
Thursday is going to be the busiest day of the new year corporate rush, with post-Christmas updates from retailers including Tesco, Marks & Spencer and Boohoo, plus housebuilder Barratt and recruiter Hays.
AstraZeneca secures European approval for asthma drug
Biopharmaceutical company AstraZeneca has received approval from the European Commission (EC) for its asthma medicine Fasenra.
LSE sees no material impact from US tax changes
London Stock Exchange said on Wednesday that changes to the US tax system are not expected to have a material impact on the group.
Gaming Realms signs partnership agreement with Health Lottery
AIM-listed Gaming Realms, a developer, publisher and licensor of mobile real money and social games, has signed a partnership agreement with the Health Lottery.
Carphone Warehouse hit with £400,000 fine over data security breach
Dixons Carphone's mobile phone retail arm Carphone Warehouse has been slapped with one of the largest fines ever issued by the Information Commissioner's Office (ICO) after one of the company's computer systems was compromised as a result of a 2015 cyber attack.
Everyman Media Group 2017 trading in line
Cinema operator Everyman Media Group said on Wednesday that trading in 2017 has been line with market expectations as it maintained a positive outlook for this year and beyond.
Rio Tinto agrees $500m sale price for French smelter
Rio Tinto has received a binding offer to sell its Dunkerque aluminium smelter in northern France for $500m from Tata Steel owner Liberty House.
Interserve climbs after reassurance on profit and debt
Support services and construction group Interserve reported a more "consistent" trading performance for its financial year after issuing a pair of profit warnings in the autumn.
Moss Bros warns on profits after 'tough' December
Hot on the heels of profit warnings from Debenhams and Mothercare, specialist menswear retailer Moss Bros warned on Wednesday that full-year pre-tax profit was likely to come in “slightly below” current market expectations due to lower-than-anticipated footfall in December.
Soco International opts to impair $220m of charges from non-core African assets
Oil and gas exploration and production group Soco International, which had been in merger talks with Kuwait Energy for some time, announced on Wednesday that production from its Vietnamese operations remained in line with guidance.
Euromoney sells II Journals to Pageant Media
Business information and events group Euromoney has sold its Institutional Investor Journals (II Journals) business segment to Pageant Media for an undisclosed sum.
FCA warns of failings in firms providing CFDs to retail investors
Several City brokers providing contracts for difference (CFDs) to retail investors are causing "serious concern" at the UK financial regulator, which wrote to 19 providers with a warning about their conduct.
Focusrite closes out year with continued strong growth
Music and audio product group Focusrite announced further revenue and cash growth over its last trading quarter.
Rainbow Rare Earths begins drilling of Burundi asset
High-grade rare earth producer Rainbow Rare Earths has commenced drilling at its Gakara Project in Burundi.
Frontera Resources eyes January date for Georgian drill operations
AIM-quoted oil and gas exploration and development company Frontera Resources received notification from its drilling contractor that mobilisation of the drilling rig to its T-45 well site would begin on 15 January.
PageGroup hits record profits but Brexit worries hurt UK ops
Recruitment firm PageGroup said full year gross profits hit a record £711. 6m in 2017 from £621m a year earlier, but warned that Brexit uncertainties were still causing “challenging” conditions in the UK.
Dixons Carphone FD Humphrey Singer to replace Weir as M&S CFO
Marks and Spencer said on Wednesday that Humphrey Singer - currently group finance director at Dixons Carphone - will replace Helen Weir as chief finance officer.
Tullow Oil 2017 cash generation beats expectations
Tullow Oil said on Wednesday that it expects to generate free cash flow above expectations for 2017 thanks to high levels of production and cost efficiency.
Centamin beats 2017 production forecast and expects more in 2018
Centamin unearthed more gold from its Egyptian mine than expected last year and expects to increase production by another 6% in 2018.