Company News
Saffron Energy clinches third production concession from Italian government
Natural gas producer Saffron Energy clinched a production concession for its Sant' Alberto gas field in Northern Italy from the Italian government, the company reported on Tuesday.
Inspiration's 'rPAP Driver' receives CE marking
Medical technology supplier Inspiration Healthcare Group announced on Tuesday that the rPAP Driver unit, which it said is an integral part of the ‘Inspire rPAP’ neonatal resuscitation system, has been granted a CE mark and can now be sold throughout the EU and certain other territories around the world.
Clipper Logistics wins Poland contract with ASOS
Retail logistics firm Clipper Logistics has won a new contract with online fashion retailer Asos from its operations in Poznan, Poland.
BP Marsh increases shareholder returns after disposals
Venture capital provider BP Marsh and Partners increased its net asset value (NAV) from £73. 8m on 31 July 2016 to £88. 8m a year later as it eyed off new investments in North America.
Dotdigital revenues up on improved performance abroad
Marketing software provider Dotdigital Group ended its financial year exactly where analysts projected it, growing its revenue 19% over the twelve months leading to 30 June after a solid performance outside of the UK.
Empiric Student Property sells Stirling freehold for £2m
Empiric Student Property has exchanged contracts to sell the freehold of the Forthside Way site in Stirling for £2m excluding costs.
Benchmark's UK antigen facility starts production
Benchmark's £17m vaccine antigen production facility in Braintree, Essex, has processed its first commercial-scale batch of antigen for use in aquaculture vaccines.
Hornby issues another profit warning, announces chairman departure
Model train set maker Hornby issued another profit warning as it announced the departure of its chairman.
Asos reports record FY profit and revenue, lifts sales growth guidance
Online fashion retailer Asos reported record full-year profit and sales on Tuesday as it bumped up its full-year sales growth forecast.
Mediclinic earnings still laid low amid Abu Dhabi turnaround
First-half earnings from Mediclinic International will be down around 10% at the underlying level as the hospital operator turns around its Middle East business.
Virgin Money performing in line as credit behaviour remains 'stable'
Virgin Money updated the market on its third quarter trading on Tuesday, reporting that profitability, earnings and underlying return on tangible equity were all in line with expectations.
Rough diamond sales drop at Anglo American's De Beers
Sales at Anglo American’s De Beers diamond business fell in the eighth sales cycle of the year, in line with the group’s expectations.
CMA condition satisfied in IP Group offer for Touchstone
IP Group’s offer for Touchstone Innovations was back on track on Tuesday morning, following a statement from the Competition and Markets Authority confirming that the competition watchdog had decided not to refer the merger to a Phase 2 investigation.
AstraZeneca's Imfinzi clears latest FDA regulatory hurdle
AstraZeneca and its global biologics research and development arm MedImmune announced on Tuesday that the US Food and Drug Administration (FDA) has accepted a supplemental Biologics License Application (sBLA) for Imfinzi (durvalumab), for the treatment of patients with locally advanced (Stage III) unresectable non-small cell lung cancer (NSCLC) whose disease has not progressed following platinum-based chemoradiation therapy.
Big four supermarkets relying on inflation for growth - Nielsen, Kantar find
Major supermarket groups Tesco, Sainsbury's, Asda and Morrisons continued to both grow sales and lose ground to discounters, with Aldi and Lidl contributing the entire grocery market's volume growth in recent weeks.
Moneysupermarket Q3 revenue rises as insurance business does well
Price comparison website Moneysupermarket. com reported a jump in revenue for the third quarter and said it was “on track for another record year”.
Smiths Group appoints John Shipsey as CFO
Smiths Group has appointed John Shipsey as chief financial officer designate with effect from Wednesday.
Bellway profit rises as demand remains strong
FTSE 250 housebuilder Bellway reported a jump in full-year profit and revenue on Tuesday as demand for new housing remained strong.
Pearson tweaks profits guidance as US market not as bad as feared
Pearson's underlying revenues fell 2% in the first nine months of the year, largely as expected, but the educational publisher improved its earnings guidance and promised a £300m share buyback.
Rio Tinto cuts full-year copper guidance
Rio Tinto cut its copper guidance for the year on Tuesday as it reported a drop in mined copper in the third quarter.