Edison Sparks - Morning News

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15-05-2018 07:28:50 • 1 minute(s) read
Author Sparks Team

Lakehouse (LAKE); wins £55m, 3-year home improvement contract from Welsh Government

Stock up 12.91% to 44.60p at 8:03

LAKE has announced the winning of the Arbed 3, a scheme of the Welsh Government Warm Homes programme involving improvements to around 6,000 homes in Wales.

15-05-2018 07:30:20 • 2 minute(s) read
Author Sparks Team

Gear4music (G4M); FY 2018 prelims: strong revenue growth across the business; outlook positive

Stock down 0.41% to 723.0p at 08:06

Overall revenue grew 43%, with UK revenue up 27% and International revenue up 69%. The gross margin was 25.4%, down 160bps due to planned investment activities. Diluted EPS was 6.7p. G4M is confident of delivering revenue and profit growth in FY 2019.

15-05-2018 07:32:19 • 3 minute(s) read
Author Sparks Team

Lookers (LOOK); Q1 trading update: o/p in new car market and higher turnover in used and aftersales

Stock up 4.6% to 103.8p at 8:11

LOOK announced positive trading performance for the first quarter ended 31 March 2018 with outperformance in the new car segment relative to the total market. The used car and aftersales segments saw higher turnover and better profitability during the period.

15-05-2018 07:36:47 • 2 minute(s) read
Author Sparks Team

appScatter Group (APPS); launches new security scanning service to help with GDPR compliance

Stock up 3.10% to 67.00p at 8:12:38

APPS has launched a new security scanning service to be used in conjunction with their appScatter platform to identify potential vulnerability in app portfolios and ensure GDPR compliance in customer apps.

15-05-2018 07:53:07 • 2 minute(s) read
Author Sparks Team

Diurnal Group (DNL); launch of Alkindi® for treatment of paediatric adrenal insufficiency


DNL announced the launch of Alkindi® in Germany as replacement therapy of adrenal insufficiency (AI) in infants, children and adolescents. This is the first Diurnal product to be commercialised.

16-05-2018 06:25:33 • 1 minute(s) read
Author Sparks Team

Augean (AUG); opens consultation on potential closure of Colt business

Stock down 1.45% to 32.52p at 8:06

AUG has initiated a 30-day consultation on potential closure of the Colt business, involving reallocation and/or of offices and other assets. The move is likely to impact up to 60 staff of Colt.

16-05-2018 07:12:19 • 3 minute(s) read
Author Sparks Team

Ocean Wilsons (OCN); Q1 results: EBITDA up 16.5%, helped by lower costs and favourable forex


OCN’s group revenue increased $1.5m to $119.3m for the first quarter ended 31 March 2018. EBITDA for the quarter increased 16.5% to $41.4m, helped by lower costs and a higher average USD/BRL exchange rate.

17-05-2018 07:18:53 • 1 minute(s) read
Author Sparks Team

Regional REIT (RGL); continued momentum in Q1 2018; div. 1.85pps; FY trading expected to be in line

Stock down 0.45% to 99.95p at 8:04

RGL managed to maintain good pace of lettings in Q1, continues to benefit from strong performance in industrial and office markets and expects FY trading performance to be in line with its expectations.

17-05-2018 07:21:48 • 1 minute(s) read
Author Sparks Team

Low & Bonar (LWB); secures debt refinancing


LWB has secured a new 5-year, €165m revolving credit facility with a syndicate of 5 banks to refinance its existing €165m facility which was due to mature in July 2019.

17-05-2018 07:26:38 • 2 minute(s) read
Author Sparks Team

Henderson Alternative Strategies Trust (HAST); 1H18 results: NAV total return of -0.5%

Stock flat at 280.0p at 8:05

NAV total return was 0.5% for the six months ended 31 March 2018, compared with an increase of 0.3% in the benchmark FTSE World Total Return Index. Peter Webster will join as co-fund manager replacing Ian Barrass. The current reporting period has been extended to an 18-month period ending 31 March 2019.

17-05-2018 07:28:15 • 3 minute(s) read
Author Sparks Team

Lakehouse (LAKE); acquires Just Energy Solutions


LAKE has announced the acquisition of the entire share capital of Just Energy Solutions (JES), a private sector heating and renewables specialist. JES, with a staff strength of 50, provides services for large energy companies, retailers and private households.

17-05-2018 07:29:07 • 3 minute(s) read
Author Sparks Team

GVC Holdings (GVC); Triennial review: UK govt cuts stakes on B2 content to a max of £2 per spin

Stock down 4.42% to 875.0p at 08:10

The UK government today published its final decision to cut stakes on B2 content to a maximum of £2 per spin. GVC is disappointed with the outcome but does not intend to seek a Judicial Review of the decision.

17-05-2018 07:32:29 • 2 minute(s) read
Author Sparks Team

Euromoney Institutional Investor (ERM); H1 2018 interims: total revenue up 3% YoY to £209.6m

Stock down 0.93% to 1,276.0p at 08:07

For the half-year ended 31 March 2018, underlying revenue increased 4% YoY to £189.1m. Adjusted operating profit increased 9% to £53.5m. Adjusted PBT grew 6% to £52.0m. Adjusted diluted EPS increased 17% to 38.4p. Interim dividend increased 16% to 10.2p.

17-05-2018 07:36:14 • 2 minute(s) read
Author Sparks Team

Future (FUTR); US audience monetisation and acquisitions drive strong 1H performance

Stock up 5.65% to 486p at 8:15

FUTR’s revenue for the six months ended 31 March 2018 grew 25% to £51.1m from £40.9m in 1H 2017. Adjusted EPS increased from 9.3p to 13.5p (+45% YoY).

17-05-2018 07:59:05 • 3 minute(s) read
Author Sparks Team

TBC Bank Group (TBCG); strong results across segments, net profit at GEL 97.5m

Stock down 0.56% to 1,764.00p at 8:24

TBCG released their 1Q 2018 results reporting a small increase in NIM 6.9% vs 6.6% in Q1 2017 and a 17.3% YoY increase in operating income (GEL 238.7m). Total assets were up by 19.7% YoY and loans and advances by 18.4% YoY. ROE and ROA for the period were 21.0% and 3.2% respectively.

18-05-2018 07:27:21 • 1 minute(s) read
Author Sparks Team

Powerhouse Energy (PHE); issue of 17,894,737 ordinary shares

Stock flat at 0.50p at 8:05

PHE will issue 17,894,737 ordinary shares of 0.5p each to service providers for the settlement of fees.

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