Company News
Carillion directors face probe as fallout continues for suppliers, workers, banks
Fallout from the collapse into compulsory insolvency of construction giant Carillion continued on Tuesday, with £1bn of unpaid bills jolting suppliers, banks needing to write off most of the £1. 6bn debt pile and employees under private sector contracts going jobless the following day.
Dunelm sales keep surging but profits will dip in first half
Homeware retailer Dunelm kept up good sales growth in three months to end-December to drive further market share gains, though margins were dented slightly.
EC raids Euromoney's RISI paper business in cartel inquiry
The European Commission carried out an unannounced inspection at the premises of an unnamed kraft paper and industrial paper sack firm on Monday as part of an ongoing investigation into a potential cartel, while Euromoney said it's RISI subsidiary had been inspected.
United Oil and Gas reaches farmout agreement with Corallian Energy
London-based oil and gas sector investor United Oil and Gas has entered into a farmout agreement with Corallian Energy to acquire an initial 10% interest from the group in three licenses it held as part of a joint-venture with Corfe Energy.
Segro picks up stake in French property group Sofibus
Segro has bought a 19. 4% stake in French property group Sofibus from Harwanne for €20. 5m.
Wednesday preview: Might Burberry appoint new creative director alongside trading update?
A trading update from Burberry could provide an early highlight on Wednesday before the Bank of Canada grabs the spotlight on what is expected to be a quieter day for financial news.
Capita loses Prudential life and pensions contract to TCS
Prudential is transferring the administration of its life and pensions business from Capita to Tata Consultancy Services in July as part of a wider customer and technology transformation programme.
Gym Group revenues rise as membership numbers grow, new sites opened
The Gym Group reported a rise in full-year revenue on Tuesday as membership numbers grew and the company opened more sites.
Science In Sport gets the formula right, sales up more than a quarter
Sports nutrition company Science in Sport (SIS) witnessed a 28% uptick in sales throughout its last trading year, as continued investment into the group's online platform and operations resulted in direct sales increasing by more than half.
Hummingbird Resources prepares to open Malian gold mine
Multi-asset gold company Hummingbird Resources saw production begin on budget and on schedule at its Yanfolila Gold Mine in Mali during its fourth trading quarter, setting the firm up for a promising 2018.
Anglo Asian Mining tops full-year production guidance despite pit closure
AIM-quoted gold exploration and development firm Anglo Asian Mining saw production top out at the upper end of its guidance over the year ended 31 December, but fell short of besting its previous outing.
BP to take $1.7bn charge on Deepwater Horizon spill
BP said it expected to take a post-tax non-operating charge of around $1. 7bn in the fourth quarter as part of the class action settlement of the disastrous Deepwater Horizon oil well spill in the US in 2010.
Provident Financial struggles with home credit business as FCA resolution eyed
Provident Financial reported "progress" in the final quarter of the year but 20% fewer new customer bookings for its Vanquis Bank arm and said it expects losses from its doorstep lending business to be at the larger end of expectations.
Premier Foods third-quarter sales up 4%, strategic partnerships help
Premier Foods reported a rise in third-quarter sales on Tuesday, although Cadbury cake sales dropped in the UK and sales of Mr Kipling cakes also declined.
Premier Technical Services expects minimal impact from Carillion liquidation
Niche specialist services company Premier Technical Services Group (PTSG) anticipated that results for its most recent trading year would be in line with the board's expectations.
Interserve wins £37m contract with Spanish airports operator
Support services and construction group Interserve has been awarded a £37m, four-year passenger support contract with Spanish airports operator, AENA.
InnovaDerma revenues heat up ahead of tanning season
British beauty and personal care products developer InnovaDerma saw revenue increase 31% over the six months leading to 31 December, as the group continued to make solid progress in securing new retail accounts.
Distil brews up strong batch of third quarter results
AIM-listed spirits group Distil saw an increased level of sales during its third trading quarter, including the all-important Christmas period.
Savills ups full-year expectations, announces CEO retirement
Real estate service provider Savills said on Tuesday that it enjoyed a stronger-than-expected finish to 2017 and now sees underlying results for the year to the end of December ahead of its previous expectations, as it announced that Jeremy Helsby will retire as chief executive at the end of the year after 39 years with the group.
JD Sports sees FY profit ahead of market expectations after strong second half
JD Sports said on Tuesday that it expects pre-tax profit for the year to 3 February 2018 to be ahead of market expectations following a strong second half.