Company News
DMGT to sell US property information business for $205m
Daily Mail & General Trust has agreed to sell EDR, its US property information business, to private equity investors Silver Lake Partners and Battery Venture for $205m.
United Utilities workers to strike for 2 days over pensions
United Utilities workers in the north west of England will strike for two days in a pensions’ dispute which could see them thousands of pounds worse off in retirement, the Unite union said on Tuesday.
Sun shines for Minoan as shares leap 30% amid debt eradication
Minoan Group's shares have skyrocketed as the company announced on Tuesday that it is to clamp down on its debt through the sale of its Travel & Leisure division and a placing of new ordinary shares.
John Menzies starts 2018 well after record year
John Menzies said it made a good start to 2018 as the aviation services group reported record annual underlying profit driven by new contracts.
Gem Diamonds sells fifth largest diamond ever recovered for $40m
Gem Diamonds has sold the exceptional quality 910 carat D Colour type IIa diamond it recovered from the Letseng mine in Lesotho in January for $40m.
Tennents and super-premium brands drive performance at C&C
Branded cider, beer, wine and soft drinks company C&C Group issued a trading update for the 12 months ended 28 February on Tuesday, reporting that despite weather-related disruption, trading and cash generation was broadly in line with management expectations.
TP ICAP's business picks up after annual profit misses forecasts
TP ICAP said business had picked up as it reported annual profit below market expectations amid low market volatility, which the interdealer relies on for client business.
Profits up at H&T as pawnbroker describes 'milestone' year
H&T Group announced its preliminary results for the year ended 31 December on Tuesday, reporting an 11. 7% improvement in gross profit to £63. 8m.
Surgical Innovations pleased with progress after Elemental acquisition
Medical technology company Surgical Innovations Group reported “strong” financial results for the year ended 31 December on Tuesday.
Botswana Diamonds begins drilling at South African discovery
Exploration and development company Botswana Diamonds has begun a drilling programme at the Ontevreden kimberlite pipe in South Africa, the company said on Monday.
Smart Metering pleased after year of investment
Smart Metering Systems announced its final results for the 12 months ended 31 December on Tuesday, reporting continued growth across all business areas.
Altus defines Malian gold prospect as exploration pans out successfully
Exploration project generation company Altus Strategies announced on Tuesday that it has defined a new 2. 3km long gold prospect in western Mali.
Fevertree profit jumps 64% but results fail to impress amid high expectations
Fevertree Drinks, a supplier of premium drink mixers, reported a 64% jump in full-year pre-tax profit on Tuesday as revenue rose amid growth across the group, but the results failed to impress amid high expectations.
Tasty profits drop amid challenging market conditions
AIM-listed Tasty, the owner of restaurants Wildwood and Dim T, reported a drop in full-year gross profit on Tuesday even as revenue rose, amid challenging market conditions.
Antofagasta ups dividend 177% as strike action looms
Antofagasta increased its dividend 177% for last year as cash flow surged on the group's highest operating margin in five years, though the world’s largest copper producer is facing strike action at its Los Pelambres mine.
French Connection rallies as full-year loss narrows
Shares in French Connection rallied on Tuesday as the fashion retailer reported a narrowing of its full-year losses and said it was close to returning to profitability.
Trump blocks Qualcomm takeover by Broadcom 'to protect national security'
Donald Trump has signed an order to block the takeover of US-based Qualcomm by Singapore-based rival Broadcom over the potential threat to national security.
Close Brothers first-half operating profit up 6%
FTSE 250 merchant bank Close Brothers posted a 6% jump in first-half adjusted operating profit on Tuesday thanks to a good performance across its businesses.
Greencore issues FY profits warning
Ireland-based food group Greencore issued a profits warning on Tuesday as it said full year earnings would be hit by its US operations.
Computacenter profit surges on strong German growth
Computacenter’s annual profit jumped by more than a fifth as strong growth in Germany offset falling profit at the IT infrastructure company’s UK business.