Company News
William Hill says FOBT cut will hit profits by up to £70m
William Hill said the government's cut in fixed odds betting terminal (FOBT) stakes to £2 would hit operating profits by up to £100m and reduce gaming revenue by 35-45%.
Paddy Power Betfair says FOBT stake cut will hit gaming revenues by £35m-£46m
Paddy Power Betfair said the plan to cut the maximum stake on fixed odds betting terminals to £2 would hit gaming revenues by £35m-£46m, although it welcomed the change.
GVC sees £160m hit from UK govt betting stake changes
Ladbrokes Coral owner GVC said the planned new £2 maximum stake on gaming machines would cost it £160m, but said it would challenge the government's decision in court.
Byotrol secures US retail trial with Target
AIM-quoted anti-microbial technology company Byotrol has secured a mass market retail trial in the US for its 24-hour germ-kill surface sanitizer Byotrol24.
Genel follows 'landmark' year with solid start to 2018
London based oil and gas firm Genel Energy told investors at its annual general meeting on Thursday that momentum seen during its "landmark 2017" had carried on into 2018.
Cloudcall Group enhances services with release of new features
Cloud based communication software firm Cloudcall Group on Thursday announced the launch of its new Instant Messaging and SMS products.
Tritax Big Box confirms Q1 dividend
Tritax Big Box REIT declared a first-quarter interim dividend of 1. 675p per share, to be paid on 11 June.
NHS outsourcing deal with Capita 'put patients at risk'
Outsourcing NHS services to private company Capita is resulting in “widespread failures”, the UK’s spending watchdog has said.
Starcom hopes to unlock sales margins with early product release
Wireless tracking solutions firm Starcom announced on Thursday that the latest version of its Watchlock Cube, the company’s award winning padlock, is now available to the market ahead of schedule.
SDX Energy quarterly revenues jump during 'busy period'
North Africa focused oil and gas company SDX Energy saw revenues and overall production move "significantly" ahead in the first quarter of its trading year.
Foxtons warns of 'very challenging' London market as revenue drops
Estate agency Foxtons, famous for its aggressive sales practices, reported a drop in first-quarter revenue on Thursday as it cautioned that the London property market remains "very challenging".
WH Ireland warns of 'increased loss'
AIM-quoted financial services firm WH Ireland gave investors cause for concern on Thursday morning, as reduced transactions and higher costs led the group to warn of an increased loss from its most recent trading year.
Statutory profit down on constant currency basis at Investec
Investec saw a marginal improvement in its statutory operating profit before goodwill, acquired intangibles, non-operating items and taxation and after other non-controlling interests in its final results on Thursday, with the figure rising 1. 4% to £607. 5m.
Grainger sees solid rental income growth as it continues to invest
Grainger reported a 9% increase in its net rental income to £21. 8m in its half-year results on Thursday, along with a £756m secured private rented sector investment pipeline, up from £439m year-on-year.
Totally scores NHS outsourcing contract extension
Out-of-hospital services firm Totally has been awarded an 11-month contract extension with NHS Vale of York CCG via its wholly owned subsidiary Vocare.
Strong pound, weak UK hit Hill & Smith revenue, profit
A stronger pound and weak UK trading hit revenue and operating profits at engineering firm Hill & Smith in the first four months of 2018, the company said on Thursday.
Just Group first-quarter retirement sales beat estimates
Retirement services company Just Group rallied on Thursday as it reported a jump in first-quarter sales thanks to a strong performance in defined benefit de-risking.
Active Energy agrees Canadian forest deal to enhance product rollout
Active Energy has entered a memorandum of understanding (MOU) to acquire a controlling interest in privately owned Canadian forestry company PowerWood Canada.
Thomas Cook cuts losses as airline growth offsets UK margin pressure
Thomas Cook reported an improvement in first half losses and said it was seeing stronger demand and prices for the summer season across holiday tour and airline bookings.
Sophos billings up 22% as Central performs well
Full-year billings at FTSE 250 cyber security firm Sophos rose 22% thanks to growth in its integrated cloud-based management platform, but pre-tax losses widened due to currency movements.