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Tuesday 25 September, 2018

25-Sep-2018 09:48 AM

FireAngel holds back dividend after profits slump

FireAngel, a supplier of home safety and connected home products, held off declaring a dividend after reporting Tuesday a slump in first-half profits driven by lower sales of smoke alarms in German trade and an anticipated slowdown in UK sales. For the
25-Sep-2018 09:45 AM

Sumo posts first-half loss as costs weigh

Video game developer Sumo Group posted a first-half loss as higher operating expenses overshadowed rising revenue. Pre-tax losses for the six months through June amounted to £1.8m, narrowing form a loss of £2.0m on-year. Operating expenses m
25-Sep-2018 09:28 AM

Mi-Pay losses narrow; seeks profit in second half

Payment technology group Mi-Pay posted a first-half loss as higher R&D spending offset rising revenue. Pre-tax losses for the six months through June amounted £146k, narrowing form an on-year loss of £345k. Revenue rose to £1.6m, up fr
25-Sep-2018 09:05 AM

Harvey Nash profits up 19% as turnaround boosts growth

Tech recruiter Harvey Nash said Tuesday first-half profits jumped by nearly a fifth mainly driven by increased growth in contract recruitment. For the six months to 31 July, profit before tax rose 19.2% to £5.26m and revenue rose 14.8% to £
25-Sep-2018 08:42 AM

San Leon Energy swings to profit; to buy back shares

Africa-focused San Leon Energy swung to a first-half profit after it booked higher interest income from its loan notes. The company said it intended to 'initially' return no less than $10m to shareholders through a share buy-back programme, onc
25-Sep-2018 08:18 AM

Sigma Capital dangles dividend prospect after profits leap

Family housing supplier Sigma Capital Group posted a large rise in first-half profit after the creation of new investment trust boosted revenue. Pre-tax profit for the six months through June rose to £4.2m, up from £1.0m on-year. Sigma said
25-Sep-2018 08:03 AM

A.G. Barr leaves outlook unchanged despite slip in profits

UK drinks maker A.G. Barr maintained its expectations for the full-year Tuesday despite reporting a fall in first-half profits, owing to a 'challenging and volatile' marketplace. For the six months ended 28 July, profit before tax fell to &poun
25-Sep-2018 08:03 AM

Reach4entertainment losses deepen as revenue slips 14%

Live entertainment communications group Reach4entertainment moved deeper into the red in the first-half after a loss of work lowered revenue. Pre-tax losses for the six months through June amounted to £617k, compared to losses of £280k on-yea
25-Sep-2018 07:54 AM

Card Factory declares special dividend despite ongoing high-street gloom

Card Factory posted a fall in first-half underlying profit, but still declared a special dividend, amid an ongoing weak consumer backdrop. The retailer declared a special dividend of 5.0p per share, equating to a special return to shareholders of £
25-Sep-2018 07:54 AM

Time Out posts first half-loss as costs bite

Publishing and entertainment company Time Out Group posted a first-half loss as rising revenue was overshadowed by costs associated with rolling out new food courts and a staff restructuring. The company said revenue in the second half would be lower tha
25-Sep-2018 07:40 AM

Safestay losses deepen as expenses offset revenue growth

Hostel group Safestay posted a wider first-half loss after rising revenue was offset by investment spending and 'abortive acquisition costs'. Pre-tax losses for the six months through June amounted to £790k, compared to losses of £3
25-Sep-2018 07:34 AM

Pittards books flat profit; warns of trade war risk

Leather goods producer Pittards booked a broadly flat first-half profit as a change in its product mix lowered margins and it invested to modernise its facilities. Pre-tax profit for the six months through June remained at around £0.1m, even as re
25-Sep-2018 07:30 AM

Motif Bio losses narrow on lower R&D spend

Antibiotics developer Motif Bio booked a narrowing of first half losses after it cut back on R&D spending. Net losses for the six months through June narrowed to $7.8m, from $29.7m on-year. 'We made tremendous progress during the first half of 2018
25-Sep-2018 07:23 AM

Next upgrades guidance as first-half profit edges higher

Fashion retailer Next posted a slight rise in first-half profit and raised its guidance for the full year after it experienced higher-than-expected sales it said partly owed to warm summer weather. Pre-tax profit for the six months through July rose 0.5
Market wrap      
Economic events

25-Sep-2018 07:00 AM

Economic Events - Today's Events

US25/09/2018 14:00 HPI m/m | Forecast: 0.20% | Previous: 0.20%25/09/2018 14:00 S&P/CS Composite-20 HPI y/y | Forecast: 6.20% | Previous: 6.30%25/09/2018 15:00 Richmond Manufacturing Index | Forecast: 22 | Previous: 24


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