Company News
Royal Philips announces Spectranetics takeover in all-cash deal
Royal Philips, a global leader in health technology together with the Spectranetics, a US-based global leader in vascular intervention and lead management for removing defribillator leads, today announced a definitive merger agreement.
Big Sofa pleased with progress through AIM admission
Video analytics provider Big Sofa Technologies Group announced its final results for the year to 31 December on Wednesday - a period during which the board said it was “constrained” by limited cash resources prior to its admission to the AIM market in December 2016.
Fairpoint's bank 'unwilling' to provide ongoing support
Consumer-facing professional services provider Fairpoint Group announced on Wednesday that it had been notified by its bank, AIB Group UK, that it was unwilling to provide the level of on-going support requested by the company.
Green sold BHS to avoid pension liability - regulator
Retailer Philip Green has been accused by The Pensions Regulator of selling the BHS department store chain to avoid being liable for its pension scheme if it collapsed.
Corero selected to protect unnamed US federal agency
Network security company Corero Network Security announced on Wednesday that its ‘SmartWall’ Threat Defense System technology had been selected to protect an unnamed, “high profile” US Federal Government agency.
Veltyco acquires Bet 90 brand, will focus on Nordics and LatAm
Veltyco updated the market on its acquisition of Bet 90 on Wednesday, confirming that the transaction had now been completed.
Thursday preview: Consumer credit, mortgage approvals, DS Smith, Wood Group
Investors in London will have no shortage of macroeconomic news to sift through on Thursday, with net lending, consumer credit and mortgage approvals all due, while on the corporate front, full-year results from DS Smith and a trading statement from Wood Group are among the highlights.
Petisovci progress slower than expected, says Ascent
Europe-focussed oil and gas exploration and production company Ascent Resources updated the market on its progress at the Petišovci project in Slovenia on Wednesday, with production from Pg-10 continuing “satisfactorily”, with the product being sold to a local industrial customer through partner Geoenergo.
Tesco to cut 1,200 head office jobs in cost-cutting drive
Tesco is planning to axe 1,200 jobs at its head office as it charges ahead with its cost-cutting drive.
Ladbrokes under pressure after gambling addicts' details found in rubbish
Bookmaker Ladbrokes could be facing a probe from the Gambling Commission after details of several betting addicts were found outside a branch in Glasgow.
Venezuelan supreme court attacked with grenades thrown from helicopter
A Venezuelan police helicopter attacked the country's supreme court building with grenades in what President Nicolas Maduro described as a "terrorist attack".
Escape Hunt upbeat after first seven months trading
Escape game operator Escape Hunt released its results for the seven month period to 31 December on Wednesday - a time when it traded under the name Dorcaster.
Co-op Bank secures £700m rescue package
The Co-operative Bank - which almost collapsed back in 2013 due to a £1bn black hole in its finances - has managed to secure a £700m rescue package.
IMImobile posts solid revenue growth
Cloud communications software and solutions provider IMImobile announced its preliminary results for the year to 31 March on Wednesday, reporting revenue as growing 24% to £76. 1m, of which 15% was marked as organic growth by the board.
HC Slingsby maintains positive trading
Industrial and commercial equipment distributor HC Slingsby was holding its annual general meeting on Wednesday, with interim executive chairman and operations director Dominic Slingsby claiming the company had maintained its recent, buoyant levels of trading.
Wednesday broker round-up
Petrofac: Morgan Stanley upgrades to Equal Weight with a target price of 475p.
WPP still working to restore services after 'Petya' ransomware attack
Advertising giant WPP said on Wednesday that a number of its companies - not all - were affected by the 'Petya' ransomware attack that has hit organisations around the world.
Investors in 7digital to hear more about 24-7 acquisition
Business-to-business digital music solutions provider 7digital was holding its annual general meeting on Wednesday, with shareholders set to hear more about the benefits of the company’s recent acquisition of 24-7 Entertainment from MediaMarktSaturn.
Work Group posts negligible numbers as it seeks reverse takeover opportunity
Work Group released its final results for the year to 31 December 2016 on Wednesday, with revenue coming in at £0. 008m alongside gross profit of £0. 003m, compared to figures of £7. 1m and £4. 5m for the 2015 year, as a result of the sale of its operations at the end of 2015.
United Utilities appoints Steve Fraser as COO
United Utilities has appointed Steve Fraser as chief operating officer with effect from 1 August.