Company News
BAE Systems gets £2.5bn contract for Royal Navy's submarine programme
Britain's Ministry of Defence will award a £1. 5bn contract to BAE Systems to build the seventh boat for the new fleet of Astute-class submarines and a further £960m investment for the completion of a fleet of four nuclear-armed Dreadnought submarines.
Firestone Diamonds promotes mine manager to CEO
Lesotho-focussed diamond producer Firestone Diamonds has promoted Paul Bosma to the role of chief executive, effective from 1 July.
Diploma sees strong first half as it hunts for further acquisitions
Technical products and services provider Diploma issued its half-year results on Monday, reporting increases in revenue and adjusted operating profit of 8% and 9% to £234. 9m and £40. 6m, respectively.
Centrica loses 110,000 UK customers first 4 months of 2018
Centrica said it lost 110,000 customers in the UK in the first four months of the year, although it said the “Beast from the East” snowstorm in February helped increase customer demand in a tough competitive environment.
Currency boost for Victrex H1; warns on Brexit customs deal
Interim pre-tax profits at speciality chemicals company Victrex were boosted by the weak pound as they rose 26% to £63. 3m, although tailwinds were expected to “significantly reduce” in the second half and a headwind was forecast for 2019.
Entertainment One's Designated Survivor series dropped by network
Entertainment One's major TV series 'Designated Survivor' has been dropped by US network ABC, which could affect the FTSE 250 company's revenue next year depending on the speed and size of a replacement deal.