Company News
Possible crackdown on energy drinks as MPs open inquiry
A committee of MPs has launched an inquiry on the consumption of energy drinks by young people in the UK.
Summit Therapeutics to expand clinical trials after healthy interim results
Summit Therapeutics will expand enrollment in its phase 2 clinical trials studying the effect of ezutromid treatment on Duchenne muscular dystrophy (DMD), the company said on Wednesday.
MySQUAR on the hunt for acquisition targets after £2.11m fundraising
MySQUAR Ltd is to raise £2. 11m through the issue of unsecured convertible bonds to UK-based fund Atlas Capital Markets Limited on Wednesday.
Netcall shares dip 7% as costs outstrip revenue growth
Netcall shares dropped on Wednesday after the company’s six month results to 31 December showed a 78% decrease in profits compared to the same period the previous year.
Thursday preview: ECB, BoE monetary meetings; Aviva, G4S report results
The European Central Bank monetary policy meeting is the big event for Thursday, with financial results from Aviva, Domino's Pizza and G4S.
Credit Suisse upgrades Synthomer as risks abate
Credit Suisse upgraded its view of Synthomer and increased the speciality chemical company's target price as it sees negative risks surrounding oversupply and raw material pricing have started to abate.
Volvere revenues improve strong results from pie turnaround
Turnaround at the Impetus Automotive and pie-maker Shire Foods saw distressed businesses investor Volvere improve revenues roughly £10m in the twelve months leading to 31 December.
Universe Group signs deal to offer NetPay's onboarding solutions
Point-of-sale, payment and online loyalty systems supplier Universe Group has signed an agreement with NetPay Merchant Services to offer their acquiring and onboarding solutions to its own retail clients, it announced on Wednesday.
Mirada secures one-year £3m loan in bid to convert pipeline
Audio-visual content interaction specialist Mirada has entered into a secured one-year loan facility for up to £3m, it announced on Wednesday.
Sirius Real Estate included in FTSE EPRA-NAREIT Index
Germany-focussed branded business parks operator Sirius Real Estate announced on Wednesday that its shares have qualified for inclusion in the FTSE EPRA/NAREIT Global Real Estate Index, Developed EMEA region.
Panther Securities expecting £20m profit for 2017
Panther Securities announced on Wednesday that, based on preliminary unaudited information, it expects the profit after taxation for the year ended 31 December to be of the order of £20m.
FDM Group profits up 26% on strong showing from financial services project
IT firm FDM Group saw pre-tax profits rise 26% in the year ended December 31, rounding the year out with £47. 2m in profits thanks to increasing revenues from Mountie.
Nostra Terra shares jump after oil field's record revenue
Nostra Terra announced on Tuesday that its Pine Mills oil field in the United States achieved record monthly revenue of $161,000 in February.
Water Intelligence launches successful fundraising to cover US acquisition
Leak detection and remediation services provider Water Intelligence raised approximately £4. 2m on Wednesday as part of an oversubscribed placing and subscription through the issue of more than 2. 1m new ordinary shares to fund the purchase of American Leak Detection, a franchise based in Louisville, Kentucky.
AFC Energy shares leap as company sets sights on commercial production
AFC Energy announced that it has completed a three-year plan on Wednesday as the fuel cell producer transitions into commercial production.
Rolls-Royce profits and cash flow soar above forecasts
Engine maker Rolls-Royce reported profits and cash flow well above expectations for 2017 thanks to improved revenues and a vigorous cost-saving programme, even though cash was hit by costly reliability issues in its Trent 1000 and Trent 900 models.
New Look to close 60 stores, putting 980 jobs at risk
Fashion retailer New Look said on Wednesday that it plans to close 60 of its 593 UK stores, putting up to 980 jobs at risk.
Mayan Energy to benefit from Firebird pipeline oil distribution deal
Energy services and development company Mayan Energy expects to benefit from a six month distribution deal between Petroteq Energy and Firebird Logistics.
Restaurant Group maintains dividends despite falling profits
The Restaurant Group maintained its full year dividend, boosting investor confidence as the Frankie & Benny's and Chiquito chain operator delivered its strategic plan despite falling profits and sales.
Focus on costs lifts Ophir in 2017
Ophir Energy announced its full year results for the year ended 31 December on Wednesday, with revenue increasing 76% to $189m year-on-year.