London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Workspace finalises purchases of Edinburgh and Peer Houses January 21, 2015 Workspace Group yesterday announced it had completed the purchase of two major London properties. London’s leading provider of space for new and growing companies said it had bought Edinburgh House, in Kennington, south London, for £25.3m, and Peer House, in the West End, for £6.1m. Originally constructed in the 1970s, and fully refurbished in 2004, [...]
Diploma revenues on the rise despite fluctuations in forex January 21, 2015 TECHNICAL products and services company Diploma yesterday reported a rise in revenue in the first quarter of its financial year, despite currency fluctuations. The FTSE 250-listed firm said group revenue for the first quarter to 31 December rose four per cent year-on-year, in line with its expectations and on-track with its guidance for underlying growth. On [...]
Alpari founder admits the firm should have closed before crash January 21, 2015 THE FOUNDER of ill-fated trading and spreadbetting website Alpari yesterday said he should have wound the company down before its collapse last week. Alpari entered administration this week after the Swiss National Bank removed the franc’s peg against the euro. Clients of the trading site made large losses on the shock exchange rate swings, and when [...]
Abcam buys US firm Firefly in £18.5m deal January 21, 2015 BRITISH biotech firm Abcam yesterday announced that it will buy Firefly BioWorks for £18.5m in cash, adding it expected to meet its full-year revenue target after a 7.7 per cent increase in the first half of its financial year at actual exchange rates. The firm said that after an “initial period of modest investment”, Firefly was [...]
Agricultural retailer Wynnstay ploughs on with record profits January 21, 2015 RURAL retailer Wynnstay Group yesterday reported record pre-tax profits for its last financial year, buoyed by the growth of its specialist business which more than offset weakness in its agricultural division. It added that while the UK agriculture sector appeared challenging for the short-term, it was confident for the longer-term. The company reported a pre-tax profit [...]
Computacenter sees 2014 results in line but hard to predict 2015 January 21, 2015 IT services firm Computacenter said yesterday that its results for 2014 were expected to be in-line with its previous expectations, despite the strength of sterling against the euro. Computacenter said that, while it was encouraged by the continued momentum it had built up in the UK and its positive end of the year in Germany, [...]
Metro Bank trims losses as loans and deposits double over 2014 January 21, 2015 Challenger bank Metro cut its losses to £8.9m in the final quarter of 2014 as it edges towards profitability, its financial results showed yesterday. That compares with £9.4m in the previous three-month period. The bank hopes to break even later this year, and is looking to float on the stock market in 2016. Metro said [...]
Genel upbeat as it slashes 2015 revenue targets January 21, 2015 WEAKNESS in the oil market has forced Kurdistan-focused Genel Energy to cut its revenue forecast for 2015. The company revealed yesterday that it has revised its guidance from $500m (£331m) to $600m at a Brent price of $80 a barrel, to $350m to $400m at $50 a barrel. Guidance on capital expenditure was also reduced, [...]
Cairn Energy cuts spending forecast as it closes $182m deal with Dyas January 21, 2015 Oil and gas firm Cairn Energy has reduced its capital expenditure budget to $380m (£252m) for the period ended 31 January 2017. The company’s decision follows the completion of a farm out agreement with Dyas UK, part of the Netherlands-based exploration and production group. Cairn will sell Dyas a 10 per cent interest in its [...]
Ofgem reveals SSE inquiry and new guidelines January 21, 2015 POWER firm SSE is facing an investigation into whether it is putting its competitors at a disadvantage in the electricity connections market. Ofgem yesterday published the findings of its six-month review into the UK’s electricity connections market, which it said is worth £500m per year. The energy regulator said that while it has seen “more [...]
