Company News
Xpediator profits from market growth and trio of acquisitions
Freight management services group Xpediator reported a 65% jump in annual profit after three acquisitions boosted revenue.
Sirius Petroleum losses widen ahead of maiden drill programme
Nigeria focused exploration and development company Sirius Petroleum saw annual losses widen in its last trading year as the firm geared up for its initial programme of two wells to be drilled back-to-back.
Safecharge International cues up replacement for chairman with new appointment
Payment technology firm SafeCharge International announced on Tuesday that Jeremy Nicholds has been appointed as deputy chairman with immediate effect.
TSB 'turned down help' from Lloyds over IT meltdown
TSB rejected help from former owner Lloyds Banking Group at the start of an IT meltdown that left 1. 9m customers without access to their online bank accounts and leaked their personal data with other clients, according to reports.
Diurnal launches paediatric adrenal treatment in Germany
Pharmaceutical firm Diurnal announced on Tuesday that it has launched its Alkindi product in Germany following the grant of European marketing authorisation in February.
Harvey Nash strengthens European presence with €1m Belgian acquisition
Technology recruitment and outsourcing firm Harvey Nash has acquired Belgian IT solutions company eMenka for up to €2m.
Premier Foods annual pre-tax profit surges 75%
Mr Kipling and Bisto owner Premier Foods reported a rise in full-year profit and revenue on Tuesday, with the second half of the year benefiting from the colder weather.
Contract win for Capita as watchdog slams staff's behaviour
There was good and bad news for Capita on Tuesday as the outsourcer won a £37m claims handling contract with the Financial Services Compensation Scheme, but hit the headlines after a report found that some of its staff used excessive restraint on asylum seekers.
Charter Court loan book up 28pc in first quarter
Charter Court Financial Services Group updated the market on its trading in the first quarter on Tuesday, claiming that it had maintained a “strong” balance sheet during the period, with its loan book up 28. 2% year-on-year to £5. 5bn.
UBM sees current trading in line with expectations
Events organiser UBM, which is being taken over by Informa, said current trading was in line with expectations despite a “challenging” fashion sector.
Bluebird Merchant returns 'encouraging results' from Kochang grab samples
Gold explorer Bluebird Merchant Ventures has seen "encouraging results" from its underground grab sampling at its Kochang project in South Korea.
Cairn Energy shareholders given positive development update at AGM
Investors in Cairn Energy were promised a 2018 year that would be “just as active” as 2017 on Tuesday, as they gathered for the company’s annual general meeting in Edinburgh.
CYBG interim profits increase less than forecast
CYBG, the owner of Clydesdale Bank and Yorkshire Bank that recently approached Virgin Money about a possible takeover, increased underlying profits in the first six months of its financial year but PPI misselling costs dragged it into losses.
Taylor Wimpey to bump up dividend payout, sets out five-year goals
Housebuilder Taylor Wimpey was on the rise on Tuesday after announcing plans to bump up its dividend payout as it set out its new goals for the next five years.
Landsec swings to basic loss as dividend increases
Land Securities issued its results for the year ended 31 March on Tuesday, reporting 1 6. 3% improvement in revenue profit to £406m, while its valuation deficit shrunk 0. 7% to £91m.
Spirax warns on strengthening pound; sees unchanged forecasts
Specialist engineering firm Spirax-Sarco warned that currency tailwinds could hit full year sales and profits if sterling stayed at current levels.
EasyJet losses narrow as revenue tops £2bn for first time
Losses at budget airline EasyJet narrowed in the first half as revenues surged nearly 20% to over £2bn for the first time, with the company benefiting from the collapse of Monarch and Air Berlin and troubles at Ryanair.
Ascential to sell exhibitions business to ITE Group
FTSE 250 specialist information company, Ascential, has agreed to sell its exhibitions business to ITE Group for £300m in cash.
Vodafone returns to profits as CEO Colao steps down
Alongside a solid set of annual results, Vodafone revealed that chief executive Vittorio Colao will step down in October after ten years in charge, to be replaced by chief financial officer Nick Read.
Hargreaves Lansdown assets under administration up 3.1%
Financial services group Hargreaves Lansdown reported a 3. 1% jump in assets under administration in the four months to 30 April.