Company News
Mayan sees full-year loss increase on Mexico impairments
Mayan Energy reported increased full-year losses as a result of impairments against the value of its US-based and its investment at Shoats Creek, Mexico.
Ethernity lists on AIM and raises £15m in oversubscribed placing
Ethernity Networks, a technology company that boosts the performance of networks on the cloud, announced the admission of its ordinary shares to trading on the AIM Market of the London Stock Exchange after an oversubscribed placing.
Friday preview: Consumer confidence set to take a dip
There will be a few economic announcements for investors to sink their teeth into on Friday, with the GfK consumer confidence reading for June being the most-watched.
Supergroup posts FY profit rise early after employee theft
Supergroup has been forced to release some highlights from its preliminary results for the year to 29 April as an external party may have had sight of a draft of the numbers following a random theft from an employee.
Utilitywise takes financial hit due to energy under-consumption
Independent utility cost management consultancy Utilitywise announced on Thursday that it had been made aware of “apparent material levels of under-consumption” in certain contracts placed with one of the major energy companies dealt with by the group.
Wey Education launching online language school
Educational services provider Wey Education announced on Thursday that it was planning to expand its activities by opening an online language school using the IT platform newly developed for its mainstream online schools business, in September.
Sky/21st Century deal likely to be referred for full investigation
Broadcaster Sky's £11. 7bn takeover by 21st Century Fox will likely be referred to the Competition and Markets Authority for a full investigation.
Petro Matad clinches financing deal, prepares drilling campaign
Petro Matad, a company focused on oil exploration and the first Mongolian-owned firm to be listed on AIM, reported an improved cash position and that it had secured future financing.
Walgreens ditches Rite Aid acquisition
Walgreens Boots Alliance has ditched plans to buy rival Rite Aid, agreeing instead to buy 2,186 stores from the company and three distribution centres and related inventory for $5. 2bn in cash.
Ilika granted three US patents
Solid-state battery technology and materials developer Ilika announced the grant of three patents covering catalysts for hydrogen fuel cells in the US on Thursday.
New strategy boosts Anpario as chairman steps down
Investors in international producer and distributor of natural feed additives for animal health, Anpario, were gathering for the company’s annual general meeting on Thursday, with chairman Richard Rose confirming “strong” sales growth in the year to date.
Harvey Nash focussing on tech talent as it prepares AIM move
Recruitment and professional services company Harvey Nash Group was set to hold its annual general meeting on Thursday, with chairman Julie Baddeley preparing to tell investors of the firm’s progress with its new technology-focussed talent strategy.
HSBC boosted as Morgan Stanley upgrades to 'overweight'
HSBC got a boost on Thursday after Morgan Stanley upgraded the bank to ‘overweight’ from ‘equal weight’.
Rolls-Royce to invest £150m in UK aerospace facilities
Aerospace and defence group Rolls-Royce will sustain more than 7,000 jobs across the East Midlands as it invests £150m in new and existing civil aerospace in the UK to support the planned doubling of engine production and deliver on its civil aerospace order book.
Thursday broker round-up
HSBC: Morgan Stanley upgrades to Overweight with a target price of 850p.
Accounting watchdog to probe BT's Italian accounts
The Financial Reporting Council has launched an investigation into PricewaterhouseCoopers' audit of BT's financial statements for 2015 to 2017 after the company found a £530m black hole in its Italian accounts.
Wood Group more cautious as work in North Sea, Saudi Arabia slows
First half trading at Wood Group was weaker than expected because of a large drop in projects and modifications work, especially in the North Sea, leading the company to adopt a more cautious stance on the full-year outlook.
JD Sports out of fashion as it signals margin pressure
Shares in JD Sports tanked on Thursday as the retailer hinted at margin pressure and said it was on track to meet market expectations for the full year.
Stobart Group set to meet targets as CEO steps down
Investors in infrastructure and support services company Stobart Group were gathering in Guernsey on Thursday for the company’s annual general meeting, with the board set to confirm it remained on track to deliver its targets at London Southend Airport, and in its biomass supply business.
Purplebricks FY losses more than halve as revenue surges
AIM-listed hybrid estate agent Purplebricks said on Thursday that its full-year losses more than halved as revenue surged and the company lifted its UK revenue expectations for the current year.