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Company News

TEG sees slower growth in 2009
Friday 09 Jan 2009
Composter TEG said 2008 revenues were in line with expectations, but reduced its 2009 growth expectations after difficulties obtaining finance delayed two private sector projects.
Avacta bids for Curidium
Friday 09 Jan 2009
Curidium Medical is today recommending a £6.2m all share offer for the group from detection and analysis technology company Avacta.
Downturn hits Real Hotel Group
Friday 09 Jan 2009
Real Hotel Group, the company behind the budget chain purplehotel, reported a 20% fall in revenue from continuing operations in the final 13 weeks of 2008, as individuals and companies scaled back amid tough conditions.
Centaur trading turns down further
Friday 09 Jan 2009
Business publisher Centaur's trading conditions worsened in November and December, though cost cutting will help it meet targets this half.
Uniq sales suffer in Q4
Friday 09 Jan 2009
Uniq has increased and extended its banking facilities as fourth quarter sales dropped 3.8%, although the convenience food group says operating result expectations for the year remain unchanged.
Lombard Medical raises £6.1m
Friday 09 Jan 2009
Vascular stent maker Lombard Medical has raised £6.1m through a placing and is launching an open offer to raise further £2.2m.
Marshalls flags revenue slip
Friday 09 Jan 2009
Revenue fell 6% at paving blocks and tiles supplier Marshalls in 2008 as sales to the domestic market tumbled, although underlying full year trading results are seen in line with expectations.
Bovis scraps dividend and axes 60% of staff
Friday 09 Jan 2009
Housebuilder Bovis has scrapped it final dividend and cut 60% of its staff after sales volumes dropped 40% last year, though it expects profit before exceptional charges and tax for the 2008 financial year to meet its expectations.
Eidos warns as new Tomb Raider disappoints
Friday 09 Jan 2009
Computer games maker Eidos has revised down its revenue forecasts and cautioned it may need to renegotiate bank finances after disappointing sales of its new Lara Croft game, Tomb Raider: Underworld.
Mixed outlook for Johnson Service
Friday 09 Jan 2009
Drycleaner and work wear provider Johnson Service Group said it is trading satisfactorily in tough conditions, albeit with variations across and within different divisions.
BBA hits year target
Friday 09 Jan 2009
Trading has been “consistent” with expectations at BBA Aviation since November’s trading update, helping the aircraft services company meet its full year target.
Jessops' sales rally but margins hit
Friday 09 Jan 2009
Camera retailer Jessops' sales picked up over the Christmas period, but heavy discounting meant margins came under pressure.
Misys prospers in downturn
Friday 09 Jan 2009
Financial software firm Misys reported a rise in earnings in the six months to November, helped by customers using its products to control costs amid difficult economic conditions.
JD Sports to top profit forecasts
Friday 09 Jan 2009
JD Sports Fashion is set to beat full year profit expectations after boosting like for like sales over the crucial Christmas period.
Mixed response from mortgage lenders to rate cut
Thursday 08 Jan 2009
Two of the UK’s largest mortgage providers promised to pass on today’s 0.5% cut in base rates in full to their customers, though other lenders were more guarded.
Friday preview: JD Sports Fashion, Misys
Thursday 08 Jan 2009
JD Sports Fashion is the latest retailer due to update the market on how it fared over Christmas.
Water Hall drops £700,000 on Lloyds TSB punt
Thursday 08 Jan 2009
Quarry operator Water Hall Group has seen a decline of £733,000, or more than half, in an investment in Lloyds TSB shares made just four months ago.
Zavi closes 22 stores
Thursday 08 Jan 2009
Entertainment retailer Zavvi will close 22 of its stores with immediate effect, costing 178 jobs.
HBOS pension trustees' action on hold
Thursday 08 Jan 2009
HBOS pension fund trustees have dropped a plan to halt the bank's takeover by Lloyds TSB in case it interferes with the completion of capital raisings by both banks next week.
Intertek expands consumer products division
Thursday 08 Jan 2009
Safety services specialist Intertek has beefed up its consumer goods division with two acquisitions.

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