Company News
Wednesday preview: FOMC, Carney and Mitie in the spotlight
All eyes will be on the Federal Reserve's policy guidance on Wednesday.
AstraZeneca drug cuts lung cancer deaths by nearly a third
A clinical study has shown AstraZeneca’s immunotherapy drug Imfinzi to have reduced the risk of death in patients with mid-stage lung cancer by nearly a third in a clinical study.
Taxpayers set to pay £65m for Carillion redundancy payments
UK taxpayers will have to pay £65m to cover redundancy payments for former Carillion workers who were made redundant after the company’s collapse in January.
KRM22 buys Chicago-based Prime Analytics for up to $7.5m
AIM-listed technology and software investment company KRM22 has announced the acquisition of Prime Analytics, a Chicago-based risk management technology company, for up to $7. 5m.
Inspire Brands to buy Sonic Corp in $2.3bn deal
Restaurant company Inspire Brands - the owner of Arby’s, Buffalo Wild Wings and Rusty Taco - has agreed to buy Sonic Corp in a $2. 3bn deal that includes the assumption of Sonic’s net debt.
Mortgage Advice Bureau revenues up in first half
Mortgage Advice Bureau Holdings announced its interim results for the six months ended 30 June on Tuesday, reporting a 17% improvement in revenue to £57. 9m.
WYG revenue and profits 'broadly in line' with last year
Project management and technical consultancy WYG updated the market on its trading for the six months ending 30 September on Tuesday, as investors gathered for its annual general meeting, reporting that it expected revenue and operating profit before separately-disclosed items and share-based payments for the half year to be “broadly in line” with the comparative period last year.
Solid demand drives Safestay's first half
Hostel owner and operator Safestay announced its unaudited interim results for the six months ended 30 June on Tuesday, reporting “good demand” across its portfolio, leading to a strong first half trading performance.
Gross profit rises at Harvey Nash Group
Technology recruitment and outsourcing company Harvey Nash Group announced its unaudited interim results for the six month period ended 31 July on Tuesday, reporting a 7. 2% improvement in gross profit to £51. 68m, or 11. 1% on a like-for-like basis.
Alpha FX flags expectation-beating trading
Foreign exchange service provider Alpha FX Group updated the market on its trading on Tuesday, ahead of the year ending 31 December reporting that trading for the month of September to date had been “particularly strong”.
Purplebricks to launch in Florida as US expansion continues
Hybrid estate agent Purplebricks announced plans on Tuesday to expand its US operations to Florida.
Apple stores launch Spire Health Tags
Apple has selected Spire Health Tag wearable devices to be a featured health product that will be sold in Apple stores globally.
Michael Kors strides into European luxury market with $2.1bn Versace takeover
US fashion giant Michael Kors confirmed a $2. 1bn takeover of Italian high-end fashion house Versace on Tuesday, giving the former a route into the European luxury fashion market.
Keystone Law exceeds expectations as UK growth strategy excels
Legal firm Keystone Law saw its shares jump on Tuesday after strong first-half revenue and profit growth saw trading exceed expectations.
Amerisur tumbles after 'disappointing' lack of potential at Colombian target
Oil and gas company Amerisur Resources saw its shares fall on Tuesday after the firm revealed that its main target in Colombia has no oil producing potential.
Debenhams benefits from 'store of the future' concept launch
Watford is the scene for Debenhams to launch a new department store 'vision of the future', integrating digital features and putting a greater emphasis on services, such as personal shopping and a beauty club.
ERC Minerals discover large gold system in Australia
ERC Minerals announced on Tuesday that exploration mapping undertaken at the Creswick project in Australia has found a large gold system in the Dimocks Main Shale gold targets.
CMC Markets slumps on profit warning
Shares in CMC Markets tumbled on Tuesday after the online spreadbetting company warned that net operating income for 2019 will be below previous guidance following low volatility in the second quarter.
WANdisco interim losses grow as order drop
Distributed computing firm WANdisco reported a drop in first-half revenues that saw the business’ losses deepen, with news of a large auto industry contract not enough to stop its shares dipping on Tuesday.
Time Out Group narrows losses as it focuses on cost base
Media and entertainment business Time Out Group issued its unaudited half-year results for the six months ended 30 June on Tuesday, reporting 20% year-on-year growth in group revenue to £22. 4m, driven by a combination of underlying growth of 8%, and prior year acquisitions.