Telford Homes (TEF); trading update: continued strong progress in build to rent
Stock down 13.20% to 342p at 08:11
The company announced its trading update ahead of its interim results for the six months ended 30 September 2018. Its reported profits in any given period are strongly influenced by the number of open market completions achieved and these do not fall equally across a year.
Read more...Avacta Group (AVCT); agrees Affimer reagent licensing deal with New England Biolabs
Stock up 6.12% to 26.00p at 8:02
Avacta Group has agreed to a commercial license deal with New England Biolabs (NEB). They are commercialising a product using Affimer for life science research and diagnostics assays. It has not disclosed the deal’s financial details. Avacta will receive royalty on product sales as soon as 2019.
Read more...KEFI Minerals (KEFI); operational update: construction to start early 2019; commissioning in H2 2020
Stock down 4.33% to 1.99p at 8:17
An issue of US$160m listed senior secured infrastructure bonds and a working capital line of US$20m has been proposed to fund construction.
Read more...Walker Greenbank (WGB); interim results and CEO change: sales decline in a difficult marketplace
Stock down 1.95% to 73.05p at 8:12
WGB announced its results for the six months ended 31 July 2018. Sales declined 1.4% to £54.7m with good growth from a few segments amid a generally difficult marketplace. Statutory profit from operations declined 12.2% to £4.3m.
Read more...Tungsten (TUNG); change of directors, Tony Bromovsky appointed new chairman with immediate effect
Stock up 2.46% to 48.72p at 8:07
Tungsten announced that Tony Bromovsky will succeed Nick Parker as Chairman with immediate effect.
Read more...Greggs (GRG); reports total revenue up 7.3% in Q3
Gregg's five year transition to food-on-the-go formats increases like-for-like sales
Greggs’ trading strength is remarkable in a period when a number of retailers have blamed scorching weather for declining footfall. But Greggs has significant differences from other retailers in terms of its customer cohort and shopping occasion.
Read more...Premier AM (PAM); 4Q trading update: AUM of £6.9bn
Stock down 3.06% to 247.20p at 8:07
For the fourth quarter ended 30 September 2018, Premier’s AUM was £6.9bn vs. £6.1bn in 2017, with net inflows of £120m (2017: £205m).
Read more...Lighthouse Group(LGT); signs affinity agreement with National Education Union
Stock up 3.03% to 34p at 8:00
Lighthouse Group has agreed a three-year contract starting 1 September 2018 with The National Education Union (NEU) for being the preferred provider of expert financial advice, encompassing retirement planning and investments, to members of the latter.
Read more...YouGov (YOU); preliminary results: strong organic growth in revenue
Stock down 0.42% to 470p at 08:12
The company announced its preliminary results for the year ended 31 July 2018. Group revenue was up 9% to £116.6m (12% on a constant currency basis). Adjusted operating profit grew 35% to £19.7m. Adjusted PBT was up 42% to £23.3m, while adjusted EPS rose 52% to 16.6p.
Read more...Lancashire Holdings (LRE); expects total losses of about £30m
Aggregate losses from recent natural catastrophes range between $25m-$45m
And Lancashire Holdings, the FTSE250 insurance group, has warned that it has exposure within its marine portfolio to “loss events” that are expected to result in total losses of about $30m.
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