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Recent News

Monday 01 August, 2016

01-Aug-2016 07:45 AM

Keller reports record first half revenue of £850m

Keller reported a record first half revenue of £850m which was up 12%, while operating profit before exceptional items was down 6%. HIGHLIGHTS - Underlying cash generated from operations up 125% to £41.9m - Strong performances from North Am
01-Aug-2016 07:44 AM

Lonmin unit costs fall

Lonmin - one of the world's largest primary platinum producers - has announced its production results for the third quarter ended 30 June. Chief executive Ben Magara said it was "another good quarter in a challenging operating environment&qu
01-Aug-2016 07:42 AM

Ultra Electronics more than doubles H1 pretax profit

Ultra Electronics has more than doubled its H1 pretax profit to £32.6m, from £14.8m, with interim dividend hiked just 2.9% to 14.2p a share, from 13.8p. Revenue was £366.6m, from £331.7m. "Market conditions have remained lar
01-Aug-2016 07:39 AM

GSK and Verily to establish Galvani Bioelectronics

GSK has announced an agreement with Verily Life Sciences LLC (formerly Google Life Sciences), an Alphabet company, to form Galvani Bioelectronics to enable the research, development and commercialisation of bioelectronic medicines. GSK will hold a 55% e
01-Aug-2016 07:38 AM

Sierra Rutile recommends Iluka acquisition proposal

Sierra Rutile has recommended Iluka proposed £215m acquisition, its shareholders receiving a premium 36p a share in cash. The deal would be implemented by merging Sierra with Iluka Investments (BVI) Ltd (Iluka Newco), a wholly-owned BVI incorporate
01-Aug-2016 07:34 AM

Chi-Med and AZ to accelerate savolitinib

Chi-Med and AstraZeneca have amended the 2011 global licensing, co-development, and commercialisation agreement regarding savolitinib. Based on data from multiple Phase I/II studies, savolitinib has shown early clinical benefit as a highly selective c-
01-Aug-2016 07:33 AM

Fidessa achieves solid revenue growth

Fidessa achieved solid revenue growth, with growth across all business lines and regions. HIGHLIGHTS - Good international spread, with 63% of total revenue accounted for outside of Europe - International spread providing stability against uncertainty a
01-Aug-2016 07:31 AM

Vedanta's EBITDA

Vedanta's Q1 EBITDA has dived 45% to $119.2m, from $219.4m, with revenue down 32% to $281.5m, from $413.0m. "We have made good progress on the ramp up of capacities at our Aluminium, Power and Iron Ore businesses during the quarter," said
01-Aug-2016 07:29 AM

Intertek's revenue

Intertek achieved double digit revenue growth, which was driven by organic growth and acquisitions. HIGHLIGHTS - Disciplined cost and margin management with margin up by 10bps - Double digit profit growth with adjusted EPS up 14.1% - Strong cash conve
01-Aug-2016 07:28 AM

Burberry nabs remaining 15% in China retail ops

Burberry has acquired the remaining 15% economic interest in its China business held by Sparkle Roll Holdings Limited, a non-group company. The transaction, at a cost of £54m, now gives Burberry 100% economic interest in the group's business in Ch
01-Aug-2016 07:26 AM

James Halstead set for record year

James Halstead, the commercial flooring manufacturer and distributor, expects pre-tax profit for the year ended 30 June be ahead of last year, in line with market expectations and at the highest level in the company's history. In the chairman'
01-Aug-2016 07:26 AM

Waterman upbeat on FY adj. pretax profit

Waterman Group experienced a successful trading period in the year to 30 June and expects to report results beating its previously declared financial objective of tripling adjusted annual profit before tax to £3.3m. "Our continuing emphasis on
01-Aug-2016 07:24 AM

Real Good Food swings to FY pretax profit

Real Good Food has swung to a FY pretax profit of £12.9m, from a loss of £3.5m, with revenue down to £113.7m, from £232.9m. "The hugely successful disposal of Napier Brown transformed our balance sheet and has enabled us to b
01-Aug-2016 07:23 AM

Lok'nStore completes sale of Portsmouth land

Lok'nStore has completed the sale of its undeveloped site in Portsmouth for £3 million in cash, equating to its July 2015 book value. This sale was originally announced on 24 November 2014 and was conditional upon the buyer obtaining the req
01-Aug-2016 07:07 AM

OPG Power Ventures improves FY pretax profit

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01-Aug-2016 07:05 AM

Europa Oil & Gas provides update on LO 16/20 and 16/21

Europa Oil & Gas provided detailed technical information on the recently awarded licensing options (LO) 16/20 and 16/21. Europa has a 100% interest in, and is operator of, seven licences in the Atlantic basins offshore Ireland including LO 16/20 and LO 1
01-Aug-2016 07:00 AM

Economic Events - 7 Days Ahead Events

UK02/08/2016 09:30 Construction PMI | Forecast: 44.2 | Previous: 4603/08/2016 00:01 BRC Shop Price Index y/y03/08/2016 09:30 Services PMI | Forecast: 47.4 | Previous: 47.404/08/2016 12:00 MPC Official Bank Rate Votes |
01-Aug-2016 07:00 AM

Economic Events - Today's Events

UK01/08/2016 09:30 Manufacturing PMI | Forecast: 49.1 | Previous: 49.1US01/08/2016 14:45 Final Manufacturing PMI | Forecast: 52.9 | Previous: 52.901/08/2016 15:00 ISM Manufacturing Prices | Forecast: 61
01-Aug-2016 07:00 AM

Economic Events - Tomorrow's Events

UK02/08/2016 09:30 Construction PMI | Forecast: 44.2 | Previous: 46US02/08/2016 13:30 Personal Income m/m | Forecast: 0.30% | Previous: 0.20%02/08/2016 13:30 Personal Spending m/m | Forecast: 0.30% | Pre
01-Aug-2016 07:00 AM

Economic Events - Month Ahead Events

UK02/08/2016 09:30 Construction PMI | Forecast: 44.2 | Previous: 4603/08/2016 00:01 BRC Shop Price Index y/y03/08/2016 09:30 Services PMI | Forecast: 47.4 | Previous: 47.404/08/2016 12:00 Monetary Policy Summary04

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