Company News
Director dealings: Entertainment One CEO disposes of nearly £4m worth of shares
Entertainment One chief executive Darren Throop cashed in more than 1. 35m ordinary shares in the firm on Thursday, collecting just shy of £4m for his efforts.
Jarvis Securities shares fall as company faced with regulatory changes
Jarvis Securities shares fell approximately 10% on Thursday, despite strong dividend, revenue and profit growth, after the company’s final results indicated it faces significant cost increases as a result of regulatory changes.
Mosman Oil & Gas Raises £0.5m for future opportunities
Junior oil firm Mosman Oil & Gas announced on Thursday that it has raised £500,000 before expenses for evaluations of new acquisition opportunities.
Tlou Energy shares plummet as Botswana tender cancelled
Tlou Energy’s shares fell over 20% on Thursday after the company reported that the Botswanan government cancelled their tender for coalbed methane-fueled (CBM) power plants due to non-compliance.
Collagen Solutions enlists Shanghai firm to aid China distribution
Collagen Solutions announced on Thursday that it has engaged with a Shanghai-based firm to help synchronise the distribution of its products in China.
Earthport sees revenues grow as payments network expands
Cross-border payments network Earthport issued an unaudited trading update for the six months ended 31 December on Thursday, reporting 8% growth in revenues over the prior year to £15. 4m.
Costain, Balfour and Renew best placed for HS2 and other rail gains
Broker Numis said on Thursday that it expects UK rail to be a key growth area for the construction sector in the foreseeable future, with phase-one of HS2 in 2020 and 2021 offsetting the completion of major rail projects from Crossrail and Thameslink.
Per-user revenues fall at The People's Operator
Cause-based mobile virtual network operator (MVNO) The People's Operator updated the market on its trading and operations for the 12 months ended 31 December on Thursday, confirming that revenues for the 2017 financial year would be about £3. 55m, in line with management forecasts.
Venn Life Sciences trades in line as it looks to future strategy
Integrated drug development company Venn Life Sciences issued a trading and strategy update on Thursday, with the board describing 2017 as “another solid year”.
Friday preview: Silver lining for UK retail sales, Segro results due
Data from the Office for National Statistics is unlikely to lift the dark clouds over UK retail but a better month is expected and could prove a thin ray of sunshine.
Anisa acquisition sees Sanderson make solid start
Investors in digital retail technology and enterprise software specialist Sanderson Group were told of the company’s performance since its expansion through the acquisition of the Anisa Group at its annual general meeting on Thursday.
Melrose appends another chapter to long-winded war of words with GKN
As if investors weren’t tired of it already, the board of Melrose felt it necessary on Thursday afternoon to respond to a document issued by GKN earlier in the day, in which the latter defended its decision to pursue a new strategy in a bid to return £2. 5bn to shareholders over the next five years.
Indivior increases profits, legal provisions, 2018 guidance
Indivior, the opioid addiction drug specialist, increased its financial provisions over potential US litigation by $210m as it reported 3% revenue growth for last year and guided to further growth in 2018.
Scancell announces collaboration with ISA Pharmaceutical
Scancell Holdings announced on Thursday that it has entered a collaboration agreement with Dutch company ISA Pharmaceutical, which will see further development of Scancell’s Moditope anti-cancer platform.
NetScientific portfolio company Axsis bags first sale
NetScientific announced on Thursday that its portfolio company, ProAxsis, has secured the first sale of NEATstik to a research laboratory conducting a respiratory clinical trial.
CapCo confirms talks with Mayor's Office of West London building
Capital & Counties is in talks with the office of the Mayor of London over the ongoing use of the Empress State Building in West London by the Metropolitan Police.
Credit Suisse and Deutsche Bank trim target prices on Shire
Analysts at both Credit Suisse and Deutsche Bank dropped their target prices for Shire after the biotech group said its sales would grow in mid-single figures and profits would rise at a more glacial pace.
Pembridge acquires cash-generating Canadian copper mine
Pembridge Resources announced on Thursday that it has struck a deal agreement to acquire 100% of Canada-based copper miner, with an associated $50m fundraising.
Ten Lifestyle wins new contract with Visa
AIM-listed Ten Lifestyle, a technology-enabled lifestyle and travel platform, has won a new, additional contract with Visa to provide concierge services to its high and ultra-high-net-worth clients as part of its Visa Infinite and Visa Signature affluent card concierge programmes.
Laird appoints Mike Bell as chief technology officer
Engineering solutions provider Laird has appointed former Jaguar Land Rover executive Mike Bell to the role of chief technology officer as part of its effort to deliver "world class innovation".