Company News
Friday preview: Major US data due - but Fed looking further forward
There's little on the London corporate calendar ahead of the long weekend, with two big data releases Stateside in the form of revised first quarter gross domestic product and durable goods orders - both offering the potential to move markets if they deviate much from forecasts.
Old Mutual on track to float two business as part of 'managed separation'
Investors in Old Mutual were preparing to gather for the company’s annual general meeting on Thursday morning, with chief executive Bruce Hemphill set to update them on the company’s trading for the year, as well as an update on its ‘managed separation’.
Total Produce reports 'satisfactory' start to year
International fresh produce supply company Total Produce updated the market on its trading on Thursday, ahead of its annual general meeting, confirming that trading for the first four months of the year had been “satisfactory”.
Univision wins contract to replace CCTV on Hong Kong's MTR lines
UniVision Engineering has won a contract to provide closed-circuit television for Hong Kong's MTR public rail system that is worth around ten times the company's sales last year.
Flowtech Fluidpower maintains 'positive' momentum
Investors in Flowtech Fluidpower were arriving at the company’s annual general meeting on Thursday morning, with chairman Malcolm Diamond MBE preparing to update them on the company’s current trading.
Henry Boot reports on 'encouraging' trading
Land promotion, property investment and development company Henry Boot updated the market on its current trading and outlook on Thursday, as investors gathered for its annual general meeting.
Helical's shares dip as EPS falls, NAV/share rises
Shares in Helical slipped a little as it posted a rise in full-year EPRA net asset value per share, but a fall in EPRA earnings per share.
Headlam trading in line with board's FY expectations
Headlam Group said its May 2017 is performing to expectations, and that the company continued to trade in-line with directors' outlook for the full year.
Acacia Mining's Tanzania dispute 'no laughing matter', say analysts
Tanzania has launched a new investigation after Acacia Mining was accused by a government committee of under-reporting gold exports, with analysts in disagreement over how much hot water the FTSE 250 company finds itself in.
Petrofac plummets after SFO warns about 'not cooperating' with bribery probe
Petrofac shares plunged to their lowest since 2009 after the Serious Fraud Office accused the oilfield services company of failing to co-operate properly with its investigation into bribery and money laundering allegations.
Halfords profits skid lower on weak pound but new year begins well
Profits at bike and car accessory retailer Halfords Group were deflated by the impact of foreign currency rates on margins, though it pumped up its dividend as cash generation remained strong.
ThinkSmart launching new mobile finance product for Dixons Carphone
High-volume, small-ticket electronic and commercial equipment retail finance provider ThinkSmart issued an update to the market on Thursday, reporting that - alongside its existing partner, electronics retail group Dixons Carphone - it had developed a “new, innovative” mobile phone consumer proposition.
Clipper Logistics acquires Tesam Distribution
Value-added logistics solutions and e-fulfilment provider Clipper Logistics announced the acquisition of the entire issued share capital of Tesam Distribution on Thursday.
JC Flowers sells another 10% stake in OneSavings Bank
Funds managed and advised by private investment firm JC Flowers & Co have sold 25m shares in OneSavings Bank, equating to a stake of around 10%, for approximately £110m.
Intermediate Capital surges as FY profit, AuM rise; new dividend policy announced
Shares in asset manager Intermediate Capital surged on Thursday after it reported a jump in full-year profit and assets under management and announced a new dividend policy.
Tories receive £400,000 in donations from oil bosses ahead of election
The Conservative Party has received nearly £400,000 in donations to their election campaign from top oil executives, according to figures from the Electoral Commission.
Thursday broker round-up
BT Group: Exane BNP Paribas downgrades to Underperform with a target price of 260p.
IWG accelerates investment in serviced office properties
IWG, the serviced office group formerly known as Regus, said it has accelerated investment activity since its trading update earlier in May.
GVC gaming revenues rise in Q1 and accelerate in Q2
Online gaming and sports betting operator GVC Holdings reported daily net gaming revenues rose 13% in the first quarter and that positive momentum has continued into the second.
Huntsworth's shares up on pleasing FY results outlook
Huntsworth Group's shares rose more than 10% as investors liked confirmation that its full-year results would be ahead of current consensus.