Carr’s Group (CARR); interim results: revenue increases 13% on strong market demand
Stock up 10.6% to 151.8p at 8:15
Group revenue increased 13.2% YoY to £200.1m for the six months ended 3 March 2018, as farm income continued to steadily improve in the key UK markets. Underlying operating profits were up 21% to £9.2m.
Read more...Columbus Energy Resources (CERP); potential acquisition of 50% interest in Icacos field in Trinidad
Stock up 2.57% to 5.18p 08:01
CERP has agreed to acquire the remaining 50% interest in the Icacos field, in the South West Peninsula of Trinidad (SWP), from its JV partner Touchstone Exploration Inc. (Touchstone) for a consideration of $0.5m for a production of 11 bopd.
Read more...Abzena (ABZA); FY 2018 trading update: revenue up 18% to £22.0m
Stock flat at 19.5p at 08.26
FY 2018 revenue rose 18% to £22.0m, and adjusted EBITDA loss was in line with the board’s expectations. Revenue in manufacturing grew 60%, chemistry grew 15% and biology fell 14%. FY 2019 revenue growth is expected to be slightly higher than in FY 2018.
Read more...WPP (WPP); Sir Martin Sorrell steps down as CEO with immediate effect
Stock flat at 1,188.0p at 08.03
Roberto Quarta, Chairman of WPP, becomes Executive Chairman until the appointment of a new CEO. Mark Read, CEO of Wunderman and WPP Digital, and Andrew Scott, WPP Corporate Development Director and COO, Europe, have been appointed as joint COOs of WPP.
Read more...PowerHouse Energy Group (PHE); Waste2tricity launches waste-to-energy initiative using DMG®-COR
Stock up 0.94% to 0.54p at 8:16
Waste2tricity, a solutions provider to the energy-from-waste sector, launched an initiative to produce energy from plastic waste using DMG®-CORE, PHE’s proprietary technology.
Read more...XP Power (XPP); trading update: revenue and order intake up 18% and 9%;positive outlook
Stock up 2.56% to 3,610.0p at 08:03
Group revenue in Q1 2018 was £46.6m, up 18% YoY on a reported basis (28% ahead in constant currency). Order intake was £51.2m, up 9% YoY on a reported basis (19% ahead in constant currency). Dividend per share grew 7% to 16p
Read more...BioPharma Credit (BPCR); completion of initial placing and offer for C share subscription
Stock down 0.98% to 1.02p at 8.05am
The company issued 163,782,307 C shares through the initial placing and offer at $1 each
Read more...Low & Bonar (LWB); trading update: revenue increases despite challenging market conditions
Stock down 5.86% to 53.00p 08:00
The overall revenue increased in Q1 2018 despite challenging market conditions in Europe and the US. The increase in raw material cost has had a negative impact in the first quarter. The benefits of the actions taken to mitigate this through increased selling prices would be realised only in the second half. Separately, the company also announced the appointment of Simon Webb as group CFO effective from 30 April 2018.
Read more...London Stock Exchange Group (LSE); David Schwimmer appointed as CEO
Stock down 0.26% to 4,227.00p 08:06
David Schwimmer will join the group on 1 August 2018 and will be a member of the Board. David Warren, Interim CEO and Group CFO, will continue as Group CFO and a member of the Board.
Read more...Air Partner (AIR); CFO leaves subsequent to company’s decision to restate historical results
Stock up 3.19% to 97.00p 08:06
The company’s Board has accepted offer from CFO Neil Morris to resign with immediate effect. Neil will be available to the company to support the ongoing review.
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