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Company News

BT allowed to raise wholesale prices
Friday 05 Dec 2008
Ofcom is to allow BT's wholesale arm Openreach to raise its prices to other broadband suppliers in a move that regualtor Ofcom says will help generate sustainable competition.
Begbies Traynor in line
Friday 05 Dec 2008
Insolvency specialist Begbies Traynor expects that, due to the strong performance of its insolvency division, pre-exceptional continuing activities will perform in line with expectations for the year but its corporate finance division “ground to a virtual halt.”
Walker Greenbank warns as sales stumble
Friday 05 Dec 2008
Upmarket wallpaper and fabrics group Walker Greenbank has warned profits this year will be materially below forecasts due to lower than expected sales.
Resolution raises £600m ahead of float
Friday 05 Dec 2008
Newly formed life insurer consolidator Resolution has raised £600m ahead of its listing on the London Stock Exchange.
Melrose signs Romanian farm-in deal
Friday 05 Dec 2008
Oil & gas firm Melrose Resources signed a Heads of Agreement with Sterling Resources under which it will farm-into the Pelican XIII and Midia XV Blocks in the Black Sea, offshore Romania
Interserve wins £500m Defra deal
Friday 05 Dec 2008
Building maintenance firm Interserve said it has been awarded the sustainable built environment workplace support (SBEWS) contract by the Department for Environment, Food and Rural Affairs (Defra).
Marston's profits fall, current trading tough
Friday 05 Dec 2008
Brewer and pub operators Marston's saw profits for the full year slide and said trading in the current year has continued to be very challenging.
Berkeley profit down 12%
Friday 05 Dec 2008
South-east focused housebuilder Berkeley said the lack of availability of mortgages has resulted in downward pressure on transaction volumes and sales prices as it reported a 12% drop in half-year pre-tax profits.
Friday preview: Berkeley, Marston's, SThree
Thursday 04 Dec 2008
Two consumer facing businesses update tomorrow, but it may not be the usual doom and gloom story of the past few weeks.
Ryanair pledges to restore Shannon route
Thursday 04 Dec 2008
Ryanair has outlines more details of its €750m offer for fellow Irish airline Aer Lingus in a move to demonstrate that a potential takeover would not hurt competition.
TanzaniteOne spoiling for fight with Gemfields
Thursday 04 Dec 2008
The row between tanzanite miner TanazaniteOne and its thwarted would-be acquirer, Gemfields Resources took another bitter turn Thursday, with the erstwhile target company seemingly daring Gemfields to act on its threat to call a Special General Meeting (SGM) and try to remove certain TanzaniteOne directors.
Paphitis says "I'm out" to Woolworths
Thursday 04 Dec 2008
Dragons' Den entrepreneur Theo Paphitis pulled out of a bid to buy parts of troubled retailer Woolworths as administrator Deloitte said it was still in talks with a number of suitors.
Northern Pet in farm-out deal with Shell
Thursday 04 Dec 2008
Northern Petroleum has farmed out six of its offshore Sicily Channel licences in Italy to Shell.
Sheffield United to delist from AIM
Thursday 04 Dec 2008
Football club Sheffield United has applied for its shares to be delisted from trading on AIM, blaming low liquidity of the shares and the current economic turmoil.
Newcourt directors fail to secure funds for buyout
Thursday 04 Dec 2008
Newcourt said its senior management has not been able to secure the necessary finance to make an offer for the Irish outsource company due to the uncertainty currently prevailing in international capital markets.
Local Shopping upbeat despite property slump
Thursday 04 Dec 2008
Retail property trust Local Shopping REIT is continuing to pump out dividends and buy back shares despite slumping property values tipping it further into the red.
Western & Oriental losses widen
Thursday 04 Dec 2008
Losses widened at luxury travel group Western & Oriental, as expected, but the group believes it is well placed to weather the current economic climate.
Vectrix accelerates fundraising
Thursday 04 Dec 2008
Electric motorbike maker Vectrix Corporation plans to accelerate its next round of fund raising as a result of lower than expected level of dealer orders during the first quarter of its current year and warned it might cancel its AIM listing.
Minorplanet sees challenging year ahead
Thursday 04 Dec 2008
Vehicle tracking systems specialist Minorplanet Systems posted a slight fall in annual pre-tax profit and sees the next 12 months as a challenge following a slow start to the year.
Update: Morrison trumps sales forecasts
Thursday 04 Dec 2008
Supermarket chain Wm Morrison has kept its financial expectations for the current year unchanged following better than expected third quarter sales.

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