Company News
Lookers trading solid despite falling new-car sales
Lookers said trading was solid in September despite falling sales of new cars that have sent jitters through the industry.
Devro confirms that trading between July and October 2017 was in line with board's expectations
Devro, a leading global manufacturer of collagen products for the food industry, confirmed that trading between 1 July to 31 October 2017 was in line with its expectations in its trading update on Thursday.
Inmarsat determined to grow in-flight internet at expense of profits
Satellite operator Inmarsat reported higher third quarter revenues thanks to encouraging maritime sales but lower profits as it continues to invest in grabbing market share in airline in-flight internet.
Arrow aims to expand international portfolio, bounces back from 2016 Q3 loss
UK-based debt collector Arrow Global grew profits in the nine months leading to 30 September, bouncing back from a one-off loss suffered in its third trading quarter of 2016, despite increased costs associated with the recovery of loans.
Cameco to suspend uranium operations in Canada, Aura Energy says
Aura Energy has announced that Cameco, one of the largest producers of uranium in the world, will temporarily suspend production from the McArthur River mining and Key Lake milling operations in Canada, by the end of January 2018, and that it will reduce its annual dividend to $0. 08 per common share in 2018.
Gattaca unable to turn a profit despite increased revenues
Net fee income (NFI) grew in line with market expectations at British human capital resources group Gattaca's over the financial year ended 31 July, but the firm failed to translate its increased revenues into profits.
Certis Europe enroute to becoming market-driven operating model, says Sopheon
The established crop protection business Certis Europe is "well underway" to becoming an increasingly market-driven operating model with the help of Sopheon's Accolade software solution, Sopheon said on Thursday.
Eckoh secures two more 20-year US patents
Eckoh, the global provider of secure payment products and customer contact solutions said it had received notification, from the US patent and Trademark Office, that two new 20-year patents will be granted to its contact centre security solution branch, CallGuard.
Hikma Pharmaceuticals cuts generics guidance again
Hikma Pharmaceuticals cut forecasts for its generics business on Thursday for the third time this year as it pointed to challenging market conditions in the US.
Beazley predicts catastrophe claims as high as $300m
Beazley said claims for natural catastrophes could be as much as $300m (£229m) in the second half after a spate of hurricanes, earthquakes and fires triggered claims for the Lloyd's of London insurer.
Countrywide warns full year will be at lower end of market views
Estate agency Countrywide cautioned on Thursday that it expects results for the full year to be towards the lower end of the range of market expectations as housing transactions slow across the UK.
SuperGroup on trend for profits after strong first half
SuperGroup, owner of the Superdry fashion brand, said it was on track to meet expectations for annual profit after a strong first half.
Sainsbury's profits fall in first half despite inflation and cost cutting
Sainsbury's reported slowing sales in the second quarter and a 9% fall in underlying profits for the first half of the year, though the supermarket group expects growth to improve in the second half.
Grafton revenue rises, reaffirms outlook
FTSE 250 builders merchant Grafton posted a rise in revenue for the 10 months to the end of October as it reaffirmed its expectations for the year.
Elcrest Exploration and Production Nigeria clinches new rig contracts, reports Eland Oil and Gas
Nigeria-focused oil and gas production and development company Eland Oil and Gas´s joint-venture company has signed a new rig contract for the company's upcoming continuous drilling campaign.
Derwent London staring down another record year for lettings
Derwent London updated the market on its third quarter trading on Thursday, claiming it was staring down another record letting year, reporting that it has let or pre-let 674,800 square feet achieving £41. 2m pa of rent in the year-to-date.
Renewi performs better than expected in first half
Waste-to-products business Renewi reported revenue on a pro forma basis of £782. 9m for its first half on Thursday, up 4% at constant currency or 11% at actual rates.
Vectura sinks to four-year low as generic Advair pushed back
Vectura and Hikma Pharmaceuticals hope a dispute resolution process with US drug regulators will their enable their generic version of GlaxoSmithKline’s Advair asthma treatment to overcome an outstanding hurdle.
Redrow highlights slowdown in recent weeks
FTSE 250 housebuilder Redrow said on Thursday that trading in the first 18 weeks of the current financial year has been in line with expectations, but it also highlighted a slight slowdown in sales in recent weeks amid ongoing political and economic uncertainty.
IMI signals slightly above-market expectations after Q3
Specialist engineering company IMI said progress with its strategic initiatives continued in the third quarter on Thursday, with expectations for the year slightly ahead of market estimates.