COMPANY NEWS
12 Jan
cbmoney2
SDL revenues grow on improved margins

Language translation technology group SDL announced on Friday that, based on unaudited results, it was expecting to deliver an adjusted EBITDA for 2017 of approximately £22m after the firm saw language services division improve gross margins throughout the second half of the trading year.

12 Jan
factory, GKN, industrial, engineer
Unite urges government to block 'predatory' Melrose bid for GKN

Unite has urged the government to block what it called a "predatory" and "destructive" takeover bid for engineer GKN by turnaround specialist Melrose Industries.

12 Jan
Oil mining
Prospex Oil and Gas kicks off flow-testing at Italian asset

European-focussed energy investor Prospex Oil and Gas announced on Friday that flow-testing at the Podere Maiar-1 well in Italy had begun, with results from the testing expected to be available before 19 January.

12 Jan
Escher Group sees FY earnings at around $2.8m

Dublin-based software company Escher Group said on Friday that full-year revenue is expected to be marginally ahead of the $18m forecast in the trading update in November, while adjusted earnings before interest, tax, depreciation and amortisation will be around $2. 8m.

12 Jan
Lighthouse Group sees FY earnings, revenue and pre-tax profit ahead of views

AIM-listed Lighthouse Group said on Friday that it expects to report full-year revenue, earnings before interest, tax, depreciation and amortisation and pre-tax profit ahead of market views.

12 Jan
gkn, engineer
GKN rejects Melrose offer, appoints new CEO and announces restructure

Shares in GKN surged on Friday after the company said it has rejected a bid proposal from Melrose and appointed Anne Stevens as chief executive, as it announced plans to separate its aerospace and automotive businesses.

12 Jan
electronics, circuit boards, technology, computers, semiconductors, chips
XP Power closes out trading year with strong fourth quarter

Critical power control components developer and manufacturer XP Power had a "good finish" to its trading year ended 31 December, as strong order intake drove robust revenue growth.

12 Jan
Gold bars
Armadale Capital offloads Cono gold project to Radismore

African-focussed natural resource investor Armadale Capital has agreed to sell its interest in the Mpokoto gold project in the Democratic Republic of Congo for a total of $0. 56m and a 1. 5% royalty on all gold produced.

12 Jan
mining truck, commodities, minerals, iron ore
Avocet Mining defers sale of Burkino Faso assets

Embattled gold explorer Avocet Mining has been forced to delay the sale of its Burkina Faso assets, including the Inata goldmine, on the request of the buyer, Ghana's Balaji Group.

12 Jan
Dominic Chappell
Ex-BHS owner Dominic Chappell found guilty of failing to disclose information

Former owner of the collapsed BHS retail chain Dominic Chappell has been found guilty of three charges of failing to provide documents to the pensions watchdog.

12 Jan
TRADING BINARIOS IG
FCA's binary blacklist of almost 100 firms offering unauthorised options trading

The UK financial regulator has published a list of 94 firms illegally offering binary options trading to British investors, many of which are suspected of hiding the fact that they are based overseas.

12 Jan
petards german police car
Petards sees FY profits hoisted above expectations

Surveillance group Petards said it expected full year pre-tax profits to be above market expectations, although £1m in revenues would be deferred into 2018.

12 Jan
howden, kitchen
Howden Joinery confirms new CEO's start date

Howden Joinery Group has confirmed that chief executive designate Andrew Livingston will join on 29 January, as founder and current CEO Matthew Ingle retires.

12 Jan
FFI Holdings buys motorsports entertainment insurance book from All Risks

AIM-listed FFI Holdings has acquired the motorsports entertainment insurance book of business from All Risks, the largest US independent wholesale brokerage, through its subsidiary Reel Media.

12 Jan
Nodding donkeys, pumpjacks, oil & gas, drilling
President Energy completes Argentinian workovers ahead of target

AIM-listed oil and gas group President Energy wrapped up its third and fourth workover wells at the recently acquired Puesto Flores Field in Argentina, completing the project on time and under budget.

12 Jan
Italian tax office appeals over Telit VAT ruling

Telit Communications said Italian tax authorities were appealing to the country's Supreme Court over its three year VAT assessment case.

12 Jan
wpp
WPP buys London-based growth consultancy Mash

WPP said on Friday that Kantar Consulting, which is part of its data investment management division, has bought London-based strategy and growth consultancy Mash for an undisclosed sum.

12 Jan
bm b m simon arora bn european value
Discounter B&M grows sales 22% over festive period

Discount retailer B&M European Value reported a strong quarter of growth in the pre-Christmas period, helped by 22 new store openings and keeping prices low in the UK and Germany via its far-eastern supply chain.

12 Jan
bovis homes
Bovis Homes repairs reputation and balance sheet after faulty homes scandal

Bovis Homes built a lower number of homes in 2017 but reported much improvement in its balance sheet and in customer satisfaction after the controversy over putting customers in faulty homes last year.

12 Jan
poly4 polyhalite potash sirius minerals
Sirius Minerals says mine production on time, budget

Sirius Minerals said it was on track to deliver its first polyhalite and commercial production from its Woodsmith mine on time and on budget.