Audio firm Focusrite records strong year of growth but warns on outlook November 19, 2019 Shares in audio equipment firm Focusrite dropped more than seven per cent today as it warned of a more subdued first quarter of trading following a bumper year of growth. The Aim-listed company posted revenue of £84.7m for the 12 months to the end of August, up almost 13 per cent on last year, while [...]
London software firm Kape snaps up US cybersecurity company for $95m November 19, 2019 London-based security software firm Kape Technologies today said it has acquired US online privacy company Private Internet Access (PIA) for $95.5m (£74m). Kape, which provides privacy-focused security software, said the merger will create a new global cyber company and almost double its profit. Read more: Labour suffers second cyber attack in 24 hours The Aim-listed [...]
Diploma raises dividend on the back of strong 2019 performance November 18, 2019 London-listed Diploma today announced that it would list its final dividend by 15 per cent, after posting strong double-digit growth in both earnings and revenue. Shares in the company rose nearly three and a half per cent during the morning’s trading. Read more: Industrial parts supplier Diploma eyes further acquisitions The figures The company, which [...]
Germany beats recession fears in third quarter – but only just November 14, 2019 Germany narrowly avoided falling into recession in the third quarter thanks to unexpectedly strong consumer spending, data showed today. Europe’s largest economy thwarted expectations of a contraction as it eked out a 0.1 per cent quarter-on-quarter growth rate. Read more: Eurozone industrial production beats predictions but Germany remains weak The country’s GDP posted a 0.5 [...]
SDX Energy begins gas production at Egyptian site November 12, 2019 UK oil and gas exploratory firm SDX Energy announced this morning that production had started at the company’s South Disouq concession in Egypt. Each of the site’s four discovery wells have been tested and gas has been flowing since the 7 November. Read more: E.on and RWE Renewables agree clean power deal All gas production [...]
New Look losses shrink despite dip in sales November 12, 2019 New Look narrowed its losses in the first half of the year, despite a decline in sales caused by the ongoing challenges facing the UK high street. The figures The retailer reported that its statutory loss before tax was £11.2m, compared to a loss of £41.9m in the first half of last year. Revenue fell [...]
Mr Kipling owner Premier Foods increases profit November 12, 2019 Shares in Mr Kipling owner Premier Foods soared this morning after the company reported an increase in profit and revenue in the first half of the year. Premier Foods’ stock was up 8.28 per cent to 36.11p as it announced the relaunch of Mr Kipling cakes and sales of Nissin noodles had helped it post [...]
Experian shares surge as revenue rises to $2.5bn November 12, 2019 Consumer credit giant Experian today posted revenue growth of seven per cent for the first half of 2019, with profit growing to $480m from $470m in 2018. Revenue grew to $2.5bn in the period, up from $2.36bn in 2018. Read more: Experian posts 2019 profit rise helped by global growth The information services group narrowed [...]
Global payments platform Finablr posts 20 per cent earnings rise November 11, 2019 Global payments platform Finablr posted earnings of $182.3m (£142.2m) for the year to date this morning, up 22.1 per cent year on year. The company’s margin for the year to date was 15.6 per cent. Read more: Travelex-owner Finablr profit rise bolsters shares above float levels The group also announced a number of commercial partnerships [...]
General Election 2019: How do I register to vote? November 9, 2019 Everything you need to know about how to vote in the upcoming general election on Thursday 12 December. Who is eligible to vote in the general election? To vote you must be 18 or older on the day of election and a UK, Irish or qualifying Commonwealth citizen. You must also be a resident in [...]