Company News
Wednesday preview: Emerging markets, CPI, Babcock in the spotlight
The market spotlight on Wednesday is likely to be on emerging markets, assuming no major developments materialise at this point on the Brexit front in Salzburg.
CyanConnode rockets after record $11.6m purchase order
CyanConnode scored its largest order to date for the Omnimesh IPv6-based smart metering solution on Tuesday with the receipt of $11. 6m purchase from an Indian state-owned utilities firm.
Hydrogen Group soars as full year revenues set to smash expectations
Hydrogen Group saw its shares rocket on Tuesday after a strong increase in the firm’s first half revenue saw the return of an interim dividend payment and increased group expectations.
Spire Healthcare to cut investment as profits collapse
Profits at Spire Healthcare remained in intensive care in the first half of the year after an "unprecedented decline" in admissions of NHS patients, but management remained confident in their new strategic direction.
Viking Therapeutics soars 120% following positive results from VK2809
Viking Therapeutics soared as much as 120% in early trading after the firm revealed a positive set of results from a mid-stage trial of its non-alcoholic fatty liver disease treatment.
Flowtech warns investors that 'growth may be softening'
Flowtech Fluidpower warned investors on Tuesday that contract delays could mean that "growth may be softening".
BAE Systems £5bn Qatar contract becomes effective
BAE Systems said on Tuesday that its contract to supply the state of Qatar with Typhoon and Hawk aircraft is now effective.
RM2 signs smart pallet deal with unnamed Walmart supplier
Smart pallet developer RM2 International has entered into an agreement for the deployment of standard ‘RM2 BLOCKPal’ pallets with an unidentified “household name” in the homewares sector in North America.
SCISYS to provide software for TfL bus programme
Software systems, IT-based solutions and support services supplier SCISYS has signed a contract for around £2m with Trapeze Group to provide software design, development and support services to Transport for London for its timetabling and scheduling as part of its ‘Future Bus Systems’ programme.
MediaZest anticipating maiden net profit in first half
MediaZest updated the market on its current trading on Tuesday, reporting a “strong performance” in the first quarter ended 30 June as expected.
Mosman Oil and Gas 'cautiously' approaches further investment in Arkoma project
Mosman Oil and Gas remain confident that its Arkoma project will bear fruit, but told investors on Tuesday that until steady flow rates can be demonstrated over a period of time, the decision to invest further funds into the asset will be "cautiously approached".
Northgate vehicles on hire jump 13% in first quarter
Van hire company Northgate reported double-digit growth in average vehicles on hire for the first quarter on Tuesday ahead of its annual general meeting.
Summer is kind to big supermarkets but Sainsbury's still lags
Over the summer Sainsbury’s enjoyed its best sales this year, though it was still the slowest growing of the big four, where Asda and Morrisons led the pack but still lost ground to the discounters.
Focusrite continues to grow throughout second half
Focusrite saw revenue, profits and cash grow during the second half of its financial year which it put down to a continued investment in its core categories and new programs.
Ingenta swings to loss as restructuring takes a toll
Publishing software firm Ingenta on Tuesday reported that it had swung to a first half loss as the company "largely completed" a restructuring programme.
Allied Minds launches QuayChain subsidiary to develop smart logistics tech
Allied Minds announced the formation of new subsidiary ‘QuayChain’ on Tuesday.
United Oil raises £3m for new investments through oversubscribed placing
Exploration and development company United Oil & Gas has raised £3m via an oversubscribed placing and subscription with existing and new investors, it announced on Tuesday.
XPS Pensions to expand public sector work with Kier Pensions acquisition
Pensions actuarial, consulting and administration business XPS Pensions Group has, subject to certain conditions, agreed to acquire the assets of Kier Pensions Unit from Kier Business Services - a division of Kier Group - it announced on Tuesday.
Vitec Group buying audio specialist Rycote for up to £8.5m
Broadcast and photographic products and solutions provider, the Vitec Group, has acquired Rycote Microphone Holdings for up to £8. 5m in cash, it announced on Tuesday.
Vivo Energy restructures acquisition of Engen holdings in Africa
Vivo Energy has reached an agreement with Engen Holdings to restructure the acquisition of Engen International Holdings Mauritius by its subsidiary Vivo Energy Investments, it announced on Tuesday.