Company News
Wednesday preview: Vote in Parliament, Tullow Oil
The focus on Wednesday will be on the magnitude of the Prime Minister's setback in Parliament, as analysts try to determine what the likely next steps might be and, of course, the end result.
M&S names 17 further store closures
Marks & Spencer on Tuesday confirmed plans to close 17 more of its stores, putting over 1,000 jobs at risk as the retailer continues downsizing as part of a turnaround plan.
Forterra confident in full-year profits after strong fourth quarter
Forterra reported on Tuesday that it enjoyed good trading in the final quarter of 2018, instilling confidence that full-year profit before tax will meet expectations.
Elegant Hotels' revenues shine despite challenges of weak sterling
Elegant Hotels Group on Tuesday reported that annual revenues and adjusted profits crept up though Britons were deterred from its Barbadian hotels by the weak pound.
Boohoo bumps up revenue guidance as sales rise
Fast fashion retailer Boohoo defied the retail gloom on Tuesday, upgrading its full-year revenue guidance following a solid end to 2018.
Sage to sell US payroll outsourcing business for £78m
FTSE 250 software company Sage has agreed to sell its US-based payroll outsourcing business, Sage Payroll Solutions,(SPR) to iSolved for around £78m.
Greene King appoints Merlin Entertainments exec Nick Mackenzie as new CEO
Pub operator Greene King has appointed Merlin Entertainments executive Nick Mackenzie as its new chief executive, succeeding Rooney Anand from 1 May.
Telit Communications ends year at top end of forecasts
Internet of things (IoT) technology company Telit Communications updated the market on its trading for the year ended 31 December, as well as the proposed sale of its automotive division, on Tuesday.
Eden Research dips as loss widens despite 'pleasing growth'
Biopesticide products developer Eden Research’s shares dipped on Tuesday after it reported that its annual losses deepened despite an increase in revenue.
Ophir Energy capex comes in below forecasts
Ophir Energy updated the market on its trading and operations for the 12 months ended 31 December on Tuesday, reporting estimated capital expenditure including pre-licence expenditures of $122m, which was below its previous guidance of $145m.
EQTEC signs first equipment contract with California's Phoenix Energy
Biomass gasification-to-energy technology company EQTEC has signed its first equipment purchase contract with Phoenix Energy, in relation to its first power plant in California, it announced on Tuesday.
Mears ends year in line with expectations
Social housing and care support services provider Mears updated the market on the year ended 31 December on Tuesday, reporting that its trading was in line with the board's expectations.
Itaconix signs global supply agreement with Nouryon
Itaconix has signed an exclusive global supply agreement with Nouryon - formerly AkzoNobel Specialty Chemicals - for its bio-based polymers with chelating properties for the detergents market, it announced on Tuesday.
Gambling stocks stumble as US reverses online betting ruling
UK gambling stocks that have expanded across the Atlantic took a hit on Tuesday after the US Department of Justice moved to tighten regulations on online gambling.
Knights Group buys employment specialist Cummins; H1 profit rises
Regional legal and professional services business Knights Group said on Tuesday that it has acquired Leicester-based employment specialist Cummins Solicitors for £1. 57m, as it posted a jump in first-half revenue and profit.
JPMorgan Chase Q4 misses expectations as bond trading revenue drops
JPMorgan Chase posted a rise in fourth-quarter profit and revenue on Tuesday, but the numbers fell short of analysts' expectations as its bond trading revenue declined amid spikes in market volatility.
Persimmon sees FY profits 'modestly ahead' of consensus
Housebuilder Persimmon said it expected 2018 pre-tax profits to be modestly ahead of current market consensus, having benefited from new developments opened through the year.
Pernod Ricard to meet activist hedge fund Elliott to improve margins
Spirits company Pernod Ricard is set to meet activist hedge fund Elliott ahead of its earnings report in early February in a move to improve its margins, according to a report on Tuesday.
Public sector outsourcing rocket 53% in 2018 despite struggles
GMB union has launched the Go Public campaign to reduce the outsourcing of public services which has risen by 53% in 2018 despite the struggles of many operators in the market and the Carillon collapse last year.
CloudCall's 'standout year' sees customer growth boost revenue
CloudCall Group reported a strong second half of the year and rising customer numbers drove a jump in annual revenue, with results in line with expectations.