Company News
Friday preview: US consumer confidence, Wood Group in focus
The news-flow on both the economic and corporate calendars is set to shift lower by several gears at the end of the week, with no major economic releases expected out of the UK or China.
Stratex International's shares falter as subsidiary sees Ethiopian licences cancelled
Stratex International saw its shares plummet on Thursday after it announced that its 30. 4% owned subsidiary Thani Stratex Limited (TSR) has failed to renew two licences in Ethiopia.
Sareum Holdings pleased by expansions of 'lethal' cancer drug trials
Cancer drug discovery and development firm Sareum Holdings on Thursday elaborated on the expansion of the patient cohort for a Phase 2 cancer drug trail.
On The Beach plunges as full year forecasts trimmed
On The Beach grew adjusted profits 15% in the first half of the year but the bottom and top line were affected by the collapse of Monarch Airlines, while separately chairman Richard Segal has decided to step down.
Arbuthnot hails good start to year as customer loans and deposits rise
AIM-listed Arbuthnot Banking Group hailed a good start to the year on Thursday, as it reported a rise in customer loans and deposits.
Byotrol gets approval in all 50 US states, to appear on Amazon
Anti-microbial technology company Byotrol has now completed the product registration process in the US for its 24-hour germ-kill surface sanitiser, it announced on Thursday.
Altitude promotes president of US operations to chief executive role
Software provider Altitude Group announced on Thursday that it has appointed Nichole Stella, the company's president of US operations, to the role of chief executive effective from 5 June.
CareTech ends first half in line with forecasts
Specialist social care services provider CareTech Holdings issued its pre-close trading update ahead of its results for the half-year ended 31 March on Thursday, confirming that trading for the period was in line with market expectations.
Carlton Main acquisition a winner for Michelmersh
Specialist brick, land development and landfill company Michelmersh Brick Holdings has performed well in the first four months of the year, its shareholders heard on Thursday, as they gathered for the firm’s annual general meeting.
Metals Exploration directors resign
Two non-executive directors of AIM-quoted natural resources group Metals Exploration resigned on Thursday, just weeks after the firm revealed that gold sales had tumbled almost two-thirds in its first trading quarter to 11,338 ounces.
XP Power acquires US power supplies business
Critical power control components manufacturer XP Power has agreed to acquire US power supplies designer Glassman in a deal worth $44. 5m.
Toople revenues improve as losses widen in first half
Business telecom services provider Toople issued its financial results for the six months ended 31 March on Thursday, reporting a 10% increase in revenues over the second half of the 2017 financial year to £0. 69m.
ITM Power hails landmark Orkney hydrogen vehicle refuelling
ITM Power on Thursday welcomed the announcement by the Scottish Hydrogen & Fuel Cell Association that the first hydrogen vehicle refueling in Orkney has taken place at ITM’s refuelling station in Hatston.
Robinson starts 2018 with solid sales growth
Plastic and paperboard packaging manufacturer Robinson reported sales growth of 15% in the first four months of 2018 on Thursday, as investors gathered for its annual general meeting.
Trinity Exploration maintains low costs in 2017
Trinidad and Tobago-focussed exploration and production company Trinity Exploration posted its preliminary results for the 12 months ended 31 December on Thursday, confirming that it maintained a low operating break-even and high operating margin production.
Eli Lilly to buy biotech Armo Biosciences for $1.6bn
Eli Lilly has agreed to buy biotech Armo Biosciences for around $1. 6bn in cash, or $50 per share.
Eurasia Mining records platinum grades 'considerably higher' than expected
Gold production company Eurasia Mining has recorded several successive days of near full capacity operations at its West Kytlim mine following a general thaw at the start of the month.
Goals Soccer Centres sales hit by bad weather, to spend £3m on estate upgrade
Five-a-side football operator Goals Soccer Centres reported a drop in sales on Thursday as it took a hit from the Beast from the East, and announced plans to splash the cash on an upgrade of its estate.
CSF shares boosted by long-awaited disposal
IT service management company CSF Group saw its share price jump over 40% on Thursday after it completed the disposal of its subsidiary CSF CX.
Arrow Global revenues rise as core collections improve
Debt purchaser Arrow Global made saw revenues grow throughout the first quarter of its trading year as a result of an increase in core collections and a 19. 9% increase in asset management income.