Company News
Idorsia begins MODIFY study in patients with Fabry disease
Idorsia announced on Wednesday that the first patient has been enrolled in a registration study to investigate the effect of lucerastat as an oral monotherapy for the treatment of adult patients with genetically confirmed Fabry disease, irrespective of their genetic mutation type.
Optibiotix inks agreement with Indian drug maker
AIM-quoted life sciences business OptiBiotix has entered into a five-year agreement with Akums Drugs and Pharmaceuticals to exclusively manufacture and supply products containing its cholesterol and blood pressure reducing product, LPLDL, to the Indian market.
Seeing Machines extends Guardian agreement with Australian firm
AIM-quoted computer vision technologies firm Seeing Machines has significantly extended an agreement with Western Australia based distributor Connect Source to deliver a further 2,500 units of the company's fleet product, Guardian.
Itaconix's shares leap in reaction to partnership with AkzoNobel
Chemical design and manufacturing firm Itaconix announced on Wednesday that it has entered into a joint marketing effort for its bio-based chelates with chemicals giant AkzoNobel.
Dalata ramps up UK expansion with two further planned hotels
Dalata Hotel Group will continue its UK expansion after agreeing to lease two new hotels that are to be built in Bristol and Birmingham, according to a company announcement on Wednesday.
LoopUp to buy MeetingZone for £61.4m in cash
AIM-listed remote meetings company LoopUp Group has agreed to buy Warwick Holdco, the holding company for conferencing services provider MeetingZone, for £61. 4m in cash.
Marston's underlying profits bubble up, but writedowns hit bottom line
Marston's reported strong revenues throughout the first six months of the trading year, however, the pubs group swung to a statutory loss as a result of write-downs on its income statement.
Premier Oil expects 'material' reduction in debt
Exploration and development firm Premier Oil is on track to deliver a "material" reduction in debt this year, thanks to its Catcher project finally reaching the promised 60,000 barrels per day and Brent crude prices hitting their three-year highs.
National Express Q1 boosted by solid US performance
Transport operator National Express reported 6. 2% growth in first-quarter revenue on Wednesday, with its North American business the standout performer.
Sosandar monthly revenues hit record
AIM-quoted online women's fashion brand Sosandar expects full-year revenues to be "no less than" £1. 34m after like-for-like sales in the six months ended 31 March showed a 268% increase against the prior year.
Hurricane launches early production system at Lancaster asset
Oil and gas company Hurricane Energy provided investors with an update on its early production system at the Lancaster Fields project on Wednesday.
Ceres Power lands collaboration agreement with Chinese giant Weichai
Fuel cell developer Ceres Power Holdings announced on Wednesday that it has entered into a strategic collaboration with leading Chinese automobile and equipment manufacturer Weichai Power.
Moss Bros trading improves, chairman to retire next year
Menswear specialist Moss Bros announced the retirement of its chairman on Wednesday as it reported an improvement in trading.
TI Fluid Systems Q1 revenues hit by currency headwinds
TI Fluid Systems said first quarter revenues fell 3. 8% to €869m due to currency headwinds.
Speedy Hire profit jumps nearly 60%, hikes dividend
Tools rental firm Speedy Hire posted a near-60% jump in full-year profit on Wednesday as it hiked its dividend and said it has kicked off the current year on a positive note.
Falanx Group celebrates succession of contract wins
Cyber security and intelligence provider Falanx Group announced on Wednesday that it has secured new contracts worth approximately £0. 9m since its acquisition of First Base at the end of March.
Mitchells & Butlers earnings narrow as it spends on improvements and new sites
Mitchells & Butlers posted its half-year results for the 28 weeks to 14 April on Wednesday morning, reporting adjusted like-for-like sales growth of 1. 6%, and growth adjusted for the impact of snowy weather earlier in the year of 2. 5%.
Crest Nicholson craters as flat house prices, rising costs hit margins
Housebuilder Crest Nicholson reported strong sales growth for the first half of the year but profit margins are being squeezed by the softer housing market, sending its shares to 16-month lows.
SSP profit up 40% in first half as air passenger numbers grow
Food and beverage outlets operator SSP posted a jump in first-half profit and revenue on Wednesday as it reaped the benefits of growing air passenger numbers, new contract openings across the world and its ongoing programme of operational improvements.
Brewin Dolphin profit rises as discretionary funds, net inflows grow
Wealth manager Brewin Dolphin posted a 20% jump in interim pre-tax profit on Wednesday as discretionary funds and net inflows grew.