Company News
Patisserie Holdings' woes worse than originally thought
Scandal-hit Patisserie Holdings, which discovered a £40m black hole in its accounts last year, said on Wednesday that it had discovered thousands of false entries into its ledgers and that its profitability was likely to be much lower than it originally estimated.
Thursday preview: US data, ABF in the spotlight
Investors will be eyeing another batch of key economic indicators in the States on Thursday, with the Philly Fed's regional manufacturing index at 1330 GMT perhaps the most interesting of the lot.
Manx Telecom on track as fibre broadband rollout gathers momentum
Manx Telecom on Wednesday said it is on track to meet expectations after its fibre broadband rollout remained on track and the company achieved “good” revenue growth.
Seeing Machines' revenues to drop amid restructuring
Seeing Machines reported on Wednesday that its interim revenues will be lower than those seen last year following a restructuring of its Fleet business division.
Xtract Resources jumps after securing contractor agreement for Mozambique concession
Xtract Resources jumped on Wednesday after its wholly-owned Mozambican subsidiary, Explorator, concluded an additional mining contractor agreement with Huafei Gold Resources.
TheWorks benefits from 'Squishies' trend but losses remain flat
Value retailer TheWorks reported flat adjusted losses for the first half of the year, but declared its first dividend payment since floating last summer and said sales momentum had continued in the second half.
Somero Enterprises boosted by 'record' results and Line Dragon acquisition
Shares of Somero Enterprises jumped on Wednesday after stating that it expected revenues for 2018 to beat market expectations and announced it had acquired the assets of Line Dragon LLC for $2. 0m in cash.
M&S to cut plastic from fruit and veg packaging
M&S said on Wednesday it will start to sell over 90 lines of loose fruit and vegetables in its latest move to produce sustainable plastic-less packaging.
TechFinancials reaches agreement to sell MarketFinancials
Fintech software provider TechFinancials said on Wednesday that, further to its announcement on 1 March, it has entered into legally binding, conditional share purchase agreement with Cyprus-incorporated Proverial to sell its holdings in MarketFinancials.
Serinus gas plant units finally depart Canada
Serinus Energy has confirmed that the ‘Low Temperature Separation’ (LTS) unit and the triethylene glycol (TEG) unit due for installation at its Moftinu gas plant in Romania have been loaded onto a freighter and have departed from Halifax, Canada, to Bremerhaven, Germany, it announced on Wednesday.
Berenberg downgrades Ashmore, sees better value elsewhere
Berenberg downgraded Ashmore to 'hold' from 'buy' on Wednesday, trimming the price target to 413p from 425p as it sees "significantly" more upside elsewhere in the sector.
GetBusy 'ahead of expectations' after switch to subscriptions
GetBusy on Wednesday reported that it expects to have achieved double-digit increases in revenue for 2018 after the business transitioned to a subscription model.
Van Elle dives after cutting expectations on 'challenging' third quarter
Van Elle Holdings shares plummeted on Wednesday after a “more challenging than expected” third quarter led to warnings of delayed orders and reduced revenue expectations.
City Pub Group posts revenue rise after solid festive period
Pub owner City Pub Group reported a rise in full-year revenue on Wednesday as it enjoyed a solid performance over the festive period and benefited from new pub openings.
Norcros to acquire South Africa's House of Plumbing
Bathroom and kitchen products supplier Norcros announced on Wednesday that its subsidiary Norcros South Africa has entered into a conditional agreement to acquire 100% of the share capital of South Africa-based RAP Plumbing Supplies, trading as House of Plumbing.
Headlam confident in strength amid Brexit headwinds
Floorcoverings distributor Headlam Group updated the market on the 12 months ended 31 December on Wednesday, reporting that despite the UK market weakness that was evident throughout 2018, it expected to report final results for the year marginally ahead of 2017, and in-line with market expectations.
Creo confirms first successful US treatment using 'Speedboat'
Medical device company Creo Medical Group announced the successful first treatment of patients in the US using its ‘Speedboat’ device, powered by its ‘CROMA’ electrosurgery advanced energy platform, on Wednesday.
SCISYS signs software deal with Airbus Defence and Space
Bespoke software systems provider SCISYS Group announced on Wednesday that its SCISYS Deutschland operation had been awarded a contract with Airbus Defence and Space for development, integration, verification and maintenance of the EGNOS V3 Performance Assessment Facility (PAF).
Keras Resources upbeat on fresh Nayega assay results
Mineral resource company Keras Resources announced assay results from samples taken from stockpiles for its 10,000-tonne bulk sampling metallurgical testwork programme at the Nayega Manganese (Mn) project in northern Togo on Wednesday.
Gulf Keystone Petroleum sees strong performance from Shaikan Jurassic
Kurdistan-focussed operator and producer Gulf Keystone Petroleum updated the market on Wednesday, reporting that its production operations - underpinned by strong performance of the Shaikan Jurassic reservoir - had continued in line with expectations.