News And Announcements
Improved Asia-Pacific trading puts Spirax-Sarco in line with full-year targets
Industrial engineer Spirax-Sarco stayed on track to hit full-year expectations as sales in the four months leading to 31 October were boosted by growth in Asia Pacific, though offered limited visibility for 2018 due to the usual short-term nature of its order book.
Entertainment One jumps on exponential top-line growth from PJ Masks
Entertaintment One posted a sharp rise in first half profits as its Peppa Pig franchise continued to deliver and on the back of the exponential growth in sales from its PJ Masks kids show.
GYG pushes expectations into next year after job delays
Superyacht painting, supply and maintenance company GYG has experienced a number of small delays on the start dates of some refit contracts, it announced in a trading update on Tuesday, adding that while work on those contracts has now started, a greater portion of the work would now be undertaken in the first quarter of 2018.
XLMedia lifts earnings expectations amid strong trading
XLMedia has continued to trade strongly since the half year, it reported in a trading update on Tuesday, and now expects adjusted EBITDA for the year to 31 December to be “materially ahead” of expectations.
Sports Direct secures new, increased loan facility
Retailer Sports Direct said on Tuesday that it has entered into a new revolving credit facility which replaces its existing facility and is valid for four years, with an option to extend by a year.
Petro Matad reaches drilling rig agreement with Sinopec
Mongolia-focussed oil explorer Petro Matad has successfully concluded negotiations with Sinopec on a contract amendment for use of its drilling rig in the 2018 drilling campaign, it announced on Tuesday.
Strix surpasses two billion product sales milestone
Kettle safety control designer, manufacturer and supplier Strix announced on Tuesday that it has achieved a “significant milestone”, having surpassed the sale of two billion products worldwide.
Altus Strategies reaches combination agreement with Legend Gold
Africa-focussed exploration project generator Altus Strategies announced on Tuesday that, further to its update on 11 October, it has executed a definitive binding arrangement agreement with Legend Gold Corporation.
Mediapolis saga continues as Clear Leisure appeals latest court ruling
The ongoing legal saga of Clear Leisure and its Mediapolis asset took a fresh turn on Tuesday, as the company confirmed both itself and its Mediapolis subsidiary have appealed the recent judgement of the Ivrea Court in the Appeal Court of Turin.
Derwent London secures planning permission for two West End projects
Derwent London has secured planning permission from the City of Westminster for two projects totalling 443,000 square feet.
Helios Underwriting acquires small Lloyd's player Chapman
Helios Underwriting announced on Tuesday that, in line with its strategy of increasing underwriting capacity through acquisition, and following approval of change of control by Lloyd's of London, it has acquired Chapman Underwriting.
Empresaria lowers profit expectations, still anticipates record year
International specialist staffing group Empresaria updated the market on its trading on Tuesday, reporting that the second half adjusted profit before tax is expected to be ahead of both the first half and the prior year.
De La Rue revenue rises as currency business performs well
Banknote manufacturer De La Rue reported a rise in first-half revenues and profit on Tuesday on the back of strong growth in the currency business.
Serica takes on three BP interests in North Sea
Serica Energy’s wholly-owned subsidiary Serica UK has signed a sale and purchase agreement to acquire BP's interests in the Bruce, Keith and Rhum fields in the North Sea, it announced on Tuesday.
Drug firm Concordia forces 6000% price rise on NHS, competition authority says
Canadian pharmaceutical firm Concordia has been chastised by the UK competition authority for overcharging the NHS by 6,000% for an essential thyroid drug.
LondonMetric sells recently-acquired Tesco warehouse in Bolton
LondonMetric Property announced the disposal of a Tesco logistics warehouse in Bolton for £24. 4m on Tuesday, reflecting a net initial yield of 5. 35%.
Embattled Bombardier sees good demand for $1bn senior note sale
Embattled multinational aerospace and transportation company Bombardier has successfully issued fresh debt in what some observers appeared to judge as a move to bulk-up its balance sheet.
Telecom Plus sees full-year profits 'slightly ahead' of market expectations
Telecom Plus said on Tuesday that profits for the full year are expected to be "slightly ahead" of current market expectations as it reported a rise in profit and revenue for the first half.
HomeServe sees further strong growth this year
HomeServe said it expected further strong growth this financial year after first-half profits rose at the emergency repairs business.
Increased revenue and profit leads Big Yellow to raise occupancy targets
Self-storage firm Big Yellow increased its full-year occupancy targets on Tuesday after posting a rise in both profit and revenue in the six months leading to 30 September.