Company News
Wednesday preview: Cabinet Brexit talks, UK and US CPI in the spotlight
Property developer British Land is among those companies set to update investors, although its share price performance may end up being dictated more by what happens at the Cabinet meeting scheduled for 1400 GMT than by the company's latest set of interims.
Vodafone reassures on dividend despite swing to loss
Vodafone swung to a large loss at the half-year stage after restructuring its business in India due to competitive pressures, though underlying earnings remained on track and there was reassurance provided on the dividend.
Indebted GE to raise $4bn through Baker Hughes sale
Struggling US conglomerate General Electric is to raise $4bn by selling a stake in oil services firm Baker Hughes, as it looks to slash debts and return to growth.
Ideagen expects first-half earnings 'significantly ahead'
Software outfit Ideagen reported "another excellent start" to its financial year on Tuesday, noting that it expected revenues and EBITDA to be "significantly ahead" after trading remained strong throughout the first six months of the year.
Interserve insists it remains 'on track' after hitting 30yr low
Interserve Group insisted that it still expect a "significant" profit improvement this year, after the government contractor missed a deadline on a joint venture.
Yolo Leisure celebrates as major broadcaster invests in TVPlayer
Yolo Leisure and Technology announced on Tuesday that TVPlayer, the television service with more than 100 channels streaming online and in excess of two million active users in the UK market, has announced an £8m Series A round, led by an unnamed major US broadcasting network.
Amazon to split second HQ between NYC and Virginia
Amazon confirmed on Tuesday that it plans to split its second headquarters between New York City and Arlington, Virginia.
Andalas Energy pleased with progress at P1918
Andalas Energy and Power reported on Tuesday that Corallian Energy, the exploration operator for licence P1918, has informed the joint venture partners that the Department for Business, Energy and Industrial Strategy, Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) has advised the Oil and Gas Authority of its in-principle agreement to the issue of the relevant consent for the Colter well, in which Andalas has an 8% interest.
BT announces first cities to get EE 5G mobile
Mobile network operator EE announced on Tuesday that it will switch on 5G mobile sites in 16 UK cities during 2019.
Adept shares tumble as sliding profits offset improved revenues
IT outfit Adept Technology saw revenues and EBITDA improve throughout the first half of its trading year, leaving the board "delighted" by its progress despite also seeing profits retreat.
IQE reins in expectations as major industry customer cuts shipments
IQE reported on Tuesday that its supply chain has been affected by a reduction in shipments from a major semiconductor customer, leading to a drop in full-year revenue expectations.
Ascent applauds change of Slovenian environmental regime
Ascent Resources welcomed the resignation of the general director of the Slovenian environmental agency ARSO on Tuesday after a government investigation.
Taylor Wimpey on track for FY but cautious on outlook
Housebuilder Taylor Wimpey said on Tuesday that it was on track to meet full-year expectations following a "strong" second half, but warned that volumes would be flat next year.
Premier Foods mulling Ambrosia sale, CEO Gavin Darby to leave
Bisto, Oxo and Mr Kipling owner Premier Foods said on Tuesday that it was mulling the sale of its Ambrosia brand as it announced the departure of chief executive Gavin Darby alongside its half-year results.
Sainsbury's and Waitrose suffer as discounters keep grinding
Supermarkets saw growth slow in recent weeks, with Sainsbury's and Waitrose even going into reverse as discounters renewed their land grab in the sector.
Stride Gaming's Daub Alderney slapped with £7.1m fine
Stride Gaming was under the cosh as it said that subsidiary Daub Alderney has been fined £7. 1m by the UK Gambling Commission for failings in its anti-money laundering and social responsibility procedures.
Bearish investors turn their back on tech stocks, survey finds
Exposure to the global technology sector is at its lowest level since February 2009, according the industry research, as bearish fund managers become increasingly risk averse.
Codemasters confident about new games releases
Codemasters said it is confident of seeing improved trading over the remainder of its trading year as it prepared for the launch of two new motor racing titles.
BTG surges as it upgrades pharmaceuticals guidance
Shares in BTG surged on Tuesday as the specialist healthcare company posted a rise in interim revenue and upgraded sales guidance for its pharmaceuticals arm - its second guidance upgrade in just over a month.
President Energy anticipates increase in oil reserves following Argentina drilling campaign
AIM-listed natural resources outfit President Energy expects to see an increase in oil reserves after successfully testing an Argentine well.