Company News
Lloyds Banking Group profit increases, on track to meet 2017 targets
Lloyds Banking Group’s first quarter profit increased with the part state-owned bank still on track to meet its 2017 targets.
Friday preview: UK economic growth seen slowing, RBS results under scrutiny
On Friday the Office for National Statistics will reveal its preliminary estimate for UK gross domestic product growth for the first quarter.
ThinkSmart CEO de Vicente to leave earlier than anticipated
ThinkSmart issued an update on its management situation on Thursday, having announced on 15 March that the board had accepted the resignation of CEO Fernando de Vicente.
RBS agrees further settlement with shareholders over 2008 rights issue
Royal Bank of Scotland has reached a "full and final" settlement with a large group shareholders over claims it misrepresented its financial health at the time of its 2008 rights issue.
N Brown results send shares to 10-month high
Final results from N Brown confirmed slow but steady progress with the catalogue retailer's transition to an online force, with a smaller decline in profits than expected sending shares to their highest since the Brexit vote.
Concha in 'dialogue' with Ve Interactive after management buyout
Concha issued a statement to the market on Thursday, after a number of media reports emerged on Wednesday about Ve Interactive.
Salt Lake Potash raises £7m in placing for Goldfields project
Salt Lake Potash has raised £7m through a placing of 30m shares at 25p each, which will be put towards the planning and construction costs of the pilot plant it is proposing to build at its Goldfields Salt Lakes Project, as well as ongoing exploration and development costs.
Harvey Nash shares up on overall strong FY performance
Shares in Harvey Nash are up more than 5% as its full-year pre-tax profit slipped to £8. 5m, from £9. 1m, albeit in an overall strong performance that saw higher revenue with an improved final dividend.
Highland Gold posts solid first quarter production
Highland Gold Mining reported its operating results for the three months to 31 March on Thursday, saying total production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora in the period was 65,243 ounces of gold and gold equivalent, up 14. 7% from 56,889 oz in Q1 2016.
BP to sell 50% stake in SECCO to Sinopec
Oil giant BP has agreed the sale of its 50% stake in the Shanghai SECCO Petrochemical Company to Gaoqiao Petrochemical, a subsidiary of Sinopec and BP's joint venture partner, for a $1. 68bn.
Synairgen's shares dive after AstraZeneca returns AZD9412 rights
Shares in Synairgen plummeted almost 50% after AstraZeneca opted to return rights on drug AZD9412 (inhaled interferon beta), which did not meet the pharma giant's predefined criteria for progression in a trial.
Oxford Metrics confirms launch of Shogun motion capture platform
International software company servicing government, life sciences, entertainment and engineering markets Oxford Metrics announced the launch of Shōgun - a new Vicon motion capture software platform - on Thursday.
WPP sales slow in first quarter after major account losses
Advertising giant WPP reported a slower start to 2017 after the loss of some major accounts and softening in North America but struck a confident tone about "renewed and encouraging" new business wins to keep the full year on track.
Hochschild Mining's gold, silver production rises, on track to meet 2017 targets
Hochschild Mining’s silver and gold production increased in the first quarter as the miner remained on track to meet its 2017 targets.
Kingspan Group sees sales growth outpacing that for profit in H1
Kingspan Group said, looking ahead, that the order backlog across the group overall pointed to a solid first half for the business, but that growth in sales was likely to outpace that for profit in the period.
AstraZeneca profits hit by patent expiry, second half seen easier
AstraZeneca remained confident of hitting its full year targets despite profits being knocked in the first quarter by falling sales of its cholesterol blockbuster Crestor after its patent expired.
Fidessa highlights increasing uncertainty but sees benefits from weaker pound
Fidessa said on Thursday that it expects constant currency revenue growth for the year to be around the levels seen in 2016, with further headline gains if the pound remains weak, despite increasing uncertainty in the market.
Camellia swings to loss as climate change dampens outlook
Camellia posted its final results for the year to 31 December 2016 on Thursday, with revenue from continuing operations rising to £257. 9m, from a restated £244. 7m in 2015.
Jaywing flags final results in line with expectations
Data science-led agency Jaywing provided a pre-close trading update ahead of its results for the year to 31 March on Thursday.
Victoria Oil & Gas says negotiations ongoing in Cameroon
Victoria Oil & Gas announced on Thursday that negotiations were continuing between its wholly-owned subsidiary, Gaz du Cameroun, Altaaqa Alternative Solutions Projects and ENEO Cameroun.