News And Announcements
Ocado earnings to take up-front hit on overseas contracts
Analysts said Ocado's explanation of new accounting rules will make earnings appear "ugly" but that cash flows will not be affected.
Patisserie Valerie owner calls in administrators after bank talks fail
Patisserie Holdings has called in the administrators after directors failed to get support from the cafe chain's lenders.
US to pursue extradition for Huawei executive Meng Wanzhou
The United States is expected to proceed with formal extradition proceedings for Huawei executive Meng Wanzhou, who was recently detained in Canada under accusations of violating US sanctions on Iran.
Mortgage Advice Bureau posts 13% rise in revenues
Mortgage Advice Bureau reported a jump in full-year revenue on Tuesday despite ongoing Brexit uncertainty.
Dillistone awarded biggest contract ever, sees good progress in GatedTalent
Recruitment software supplier Dillistone Group has been awarded a three-year contract renewal by a “globally known” recruitment organisation, it announced on Tuesday.
TP Group wins another GE contract
Specialist services and engineering group TP Group has been awarded an additional contract by Baker Hughes - a GE company - within the nuclear sector, it announced on Tuesday.
Spectra executes five-year agreement with large banknote printer
Authentication and security systems provider Spectra Systems Corporation has executed a five-year sensor service contract with an existing unnamed licensee, it announced on Tuesday.
Kier boss given marching orders after fudged fundraising
Kier Group chief executive Haydn Mursell will leave with immediate effect, following an unpopular emergency fundraising, though the construction group said trading was on track with full-year targets.
Connect Group upbeat despite serious market struggles
Connect Group updated the market on its trading for the 19 week period ended 12 January on Tuesday, saying its overall performance for the period was in line with management expectations.
Residential Secure Income forms partnership with Morgan Sindall
Social housing asset investor Residential Secure Income (ReSI) announced on Tuesday that its fund manager, ReSI Capital Management (RCM), has entered into a new housing investment partnership agreement with Morgan Sindall Investments.
Time Out sells stake in restaurant tech firm Flyt to Just Eat
Media and entertainment business Time Out Group announced on Tuesday that it has completed the sale of its stake in Flyt, formerly known as Flypay, to online takeaway service provider Just Eat.
Johnson & Johnson predicts slower growth for 2019
American healthcare group Johnson & Johnson has reported better-than-expected fourth-quarter numbers – but forecast below-estimate sales growth for 2019.
Trans-Siberian Gold sees record production numbers in 2018
Trans-Siberian Gold updated the market on production at its Asacha Gold Mine for the three months the year ended 31 December on Tuesday, reporting record quarterly gold production of 13,069 ounces for the fourth quarter, up from 11,698oz in the third quarter.
Accrol returns to profitability, CFO steps down
A day after announcing that it was being investigated by the Financial Conduct Authority, toilet paper maker Accrol Group Holdings said it has returned to profitability.
EKF Diagnostics blood analyser to begin US sales
Point-of-care business EKF Diagnostics Holdings announced on Tuesday that, further to its private label distribution agreement with McKesson Medical-Surgical, sales of the McKesson Consult Hb analyser were expected next month, following the full launch of the product in the United States.
Banking stocks under pressure after UBS disappoints
Shares in UBS and other European banks fell on Tuesday, after the Swiss group missed analyst expectations for the fourth-quarter and adopted a cautious tone for the current year.
Sirius Minerals adjusts terms of $3bn funding round for Yorkshire project
Fertiliser producer Sirius Minerals said it was adjusting the terms of a planned $3bn (£2. 3bn) funding round for its Yorkshire polyhalite project to reduce risk.
Pets at Home rallies on solid update, considering Brexit stockpiling
Shares in Pets at Home rallied on Tuesday as it hailed a solid performance over the Christmas period and reiterated its full-year guidance.
Dixons Carphone backs FY profit guidance after mixed Christmas trading
Dixons Carphone backed its full-year profit guidance on Tuesday as it reported mixed trading over the Christmas period, with electricals sales up but mobile sales down.
Out-of-date software a big security risk for PC users, says Avast
Digital security products provider Avast released its annual ‘PC Trends Report’ for 2019 on Tuesday, which suggested that 55% of PC applications installed worldwide were out-of-date, making PC users and their personal data vulnerable to security risks.