Osirium Technologies (OSI); Board confirms that trading has continued to improve YoY
Osirium Technologies provided an update on trading for the year ended 31 December 2019, ahead of announcing its audited final results. The board anticipates bookings for the year to be at least £1.8m, slightly ahead of market expectations and materially ahead of the prior year.
Read more...Boku (BOKU): reports strong payment growth in H2 2019
Boku’s FY19 trading update confirmed that it met consensus expectations for revenue and EBITDA, albeit aided by recognition of one-off revenues of $3.2m in H2.
Read more...XP Power (XPP); revenue decreases 3% to £47.7m
XP Power announced its trading update for Q4 and the year ended 31 December 2019. Revenue for the year to date increased 3% to £200.4m. Orders for Q4 and the year to date increased 30% and 8% to £58.6m and £215.1m, respectively. Net debt stood at £41.5m as of 31 December 2019.
Read more...Ergomed (ERGO); acquires Ashfield Pharmacovigilance Inc. for $10m
Ergomed announced the acquisition of Ashfield Pharmacovigilance Inc. (Ashfield) from UDG Healthcare for a total cash consideration of $10m. The acquisition has added over 40 new clients to PrimeVigilance and a strong order book of contracted future revenues of $9.8m.
Read more...Plant Health Care (PHC); receives license for import of Harpin into Brazil
Plant Health Care received the license to import unlimited amounts of Harpin (the product) into Brazil. This will enable the company to ship the product to Brazil and meet the existing demand in sugarcane and row crops in the region.
Read more...Picton Property Income (PCTN); extends income profile
Picton Property Income has updated on a series of asset management transactions that have been completed since the company announced its interim results for the six months to 30 September 2019 in November. It has extended leases with three of its largest occupiers, securing £3.8m per annum of income, with a combined headline rental 8% above ERV and 7% above the previous passing rent.
Read more...Ebiquity (EBQ); acquires Digital Decisions B.V.
Ebiquity has announced that it has acquired Digital Decisions, strengthening its capabilities in digital media monitoring and consultancy. Digital Decisions is a comparative newcomer, trading for less than three years, during which it has built an impressive client roster. It is headed up (and majority owned) by Ruben Schreurs, who will be staying with the combined group and leading the expansion drive into the US. The initial consideration is €0.7m in cash, with further payments subject to performance criteria through to FY22. Bringing useful additional technical capability, this looks to be a sensible, complementary purchase.
Read more...Greggs (GRG); trading update: total sales increase 13.5%
In its Q4 2019 trading update, Greggs announced that the company-managed shop like-for-like sales grew 9.2 % and 8.7% for FY 2019 and Q4 2019, respectively. During the year, the company opened 138 new shops and closed 41, growing the estate to 2,050 shops as of 28 December 2019. The company expects around 100 net shop openings in the year ahead.
Read more...Silence Therapeutic (SLN); signs technology evaluation agreement
Silence Therapeutics announced a business update for the year ending 31 December 2019. The company entered into a Technology Evaluation Agreement with Takeda to generate siRNA molecules against a specific novel, undisclosed target discovered by Takeda. The Board has taken the decision to establish a US subsidiary during 2020.
Read more...Carr’s Group (CARR); trading update: net debt at £29.7m
Carr’s announced its trading update for the 18-week period ended 4 January 2020, ahead of its Annual General Meeting today. Trading in Agriculture during the last three months was behind the board’s expectations, primarily driven by mild weather. In Engineering, contract phasing led to a slow start according to the company.
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