Company News
Clydesdale and Yorkshire banking group to cut a third of its branches
Clydesdale and Yorkshire banking group (CYBG) was set to close 79 branches, with the loss of 400 jobs.
Plant Health Care reports good global growth, though US disappoints
Agricultural biological products provider Plant Health Care issued a post year-end trading update ahead of its audited full year financial results for the year ended 31 December, which is expected no later than the second week of April.
Pearson resets dividend due to uncertainty over North America
Pearson expects to report full year operating profit and earnings per share in line with forecasts, but warned there will be a fall in revenue due to a decline in the North American higher education market as it aims to accelerate its digital transition in order to manage a fall in print.
Edenville makes good reguatory progress in Tanzania
Edenville Energy announced on Wednesday that the second stage of the Environmental and Social Impact Assessment for its integrated coal-to-power project in western Tanzania - the Scoping Study - had now been completed with the relevant documents being approved by the Tanzanian National Environment Management Council.
FDM to deliver results ahead of expectations
FDM issued its period end trading update to 31 December on Wednesday, ahead of its full year results which will be released on 8 March.
Tribal Group expects 2016 performance to be 'materially ahead'
Tribal Group announced on Wednesday that, following a good second half, the board anticipates that group revenues will be in line with its expectations for the year to 31 December 2016, and the performance of the group will be materially ahead.
Citigroup shares fall slightly after mixed earnings report
Citigroup increased its profit year-on-year in the final quarter of 2016 by 7%, according to the company's earnings release on Wednesday.
Small caps news round-up
AIM-quoted Christie Group, a provider of business services and inventory systems to the leisure, retail and care industries, has said that its agency and advisory service has brokered the sale of a nursery business to a French firm, for an undisclosed fee. Christie & Co brokered the sale of Magic Nurseries to Les Petits Chaperons Rouges, a private nursery chain, which was the first provider of employer-sponsored childcare in France.
Armadale Capital raises £0.65m through placing
Africa-focused natural resources investment company Armadale Capital announced on Wednesday that it has raised £0. 65m through the placing of 26,030,000 new ordinary shares of 0. 1p each in the capital of the company, at a price of 2. 5p per ordinary share with new and existing investors in the UK and Australia.
U+I teams up with Colony NorthStar on refurbished portfolio
Mixed-use property regeneration specialist U+I, along with a controlled affiliate of global real estate and investment management firm Colony NorthStar announced the creation of a joint venture platform to invest in the London City Region, Manchester and Dublin office markets on Wednesday.
NAHL trades in line with 2016 expectations
Legal marketing and services business NAHL posted a trading update for the year to 31 December on Wednesday, confirming it traded in line with board expectations.
Angus Energy completes Brockham upgrade works
Angus Energy confirmed on Wednesday that, further to its 15 December announcement, site upgrade works to the production bunds were now complete and well intervention continues on site at Brockham.
Thursday preview: Royal Mail reports third quarter trading update
Royal Mail’s third quarter trading update on Thursday is expected to show the London-listed company achieved strong volumes in parcel deliveries, offset by a decline in the struggling letters business.
Rotala secures three new contracts
AIM-listed bus operator Rotala announced on Wednesday that it has won three new contracts in the UK.
Chipmaker Qualcomm to face antitrust lawsuit in US
The Federal Trade Commission in the United States has decided to bring an antitrust lawsuit against Qualcomm Inc, a major producer of microchip technology for smartphones.
Management Resource Solutions reports larger loss, turns down new meeting request
Management Resource Solutions has turned down a requisition for another general meeting due to a legal loophole and reported that pre-tax losses more than tripled last year.
Low-margin consoles push GAME Digital Christmas lower
GAME Digital updated the market on trading ahead of its annual general meeting on Wednesday morning, with group gross transaction value over the peak Christmas trading weeks down 1. 6%.
US drug prices should increase: Pfizer CEO Read
The CEO of Pfizer, one of the largest pharmaceutical firms in the United States, has said that the best way to make drug prices in the country more competitive is by initially increasing them.
RBC Capital cuts Hochschild Mining target but eyes key March update
RBC Capital Markets cut its target price for Hochschild Mining shares on disappointment with the South America-focused precious metals miner's fourth quarter production numbers, but said March will see a key update.
Motif Bio appoints former investment banker as CFO
AIM and Nasdaq-listed antibiotics developer Motif Bio appointed pharmaceutical veteran and former investment banker Robert Dickey as chief financial officer.