Edison Sparks - Morning News

Through Sparks, we give you first-impression commentary on breaking news. Sign up to our daily email for an overview of the key stories in the market today.

07-06-2018 07:55:57 • 2 minute(s) read
Author Sparks Team

appScatter Group (APPS); final results: Reports revenue of £1.9m


For the year ended 31 December 2017, APPS reported revenue of £1.9m and loss after tax of £5.8m (2016: £8.8m). The year-end cash balance was £3.8m (2016: £226).

07-06-2018 08:00:25 • 2 minute(s) read
Author Sparks Team

OnTheMarket (OTMP); declares final results: group revenue declines; loss widens


For the year ending 31 January 2018, OTMP’s group revenue declined to £16.0m (2017: £17.8m). Loss after tax attributable to shareholders rose to £12.1m (2017: £4.0m).

08-06-2018 06:03:26 • 3 minute(s) read
Author Sparks Team

Seneca Global Income & Growth Trust (SIGT); FY 2018 results – reports NAV total return of 5.7%

Stock flat at 173.75p at 8:10

For the year ended 30 April 2018, SIGT’s NAV total return of 5.7% trailed the benchmark return of 7.7%. However, performed better over the three-year period, providing a return of 27.6% compared to 15.5% for the benchmark. The company also increased its rolling debt facility by £3m and increased its maturity to 3 years.

08-06-2018 07:15:49 • 1 minute(s) read
Author Sparks Team

Treatt (TET); application for block listing of 2m ordinary shares


TET has made a block listing application with the UK Listing Authority for 2 million ordinary shares of nominal value £0.02 each and with London Stock Exchange (LSE) for trading of these shares.

08-06-2018 09:06:26 • 2 minute(s) read
Author Paul Hickman

Fuller’s full year results providing an antidote to bad news from the high street


The results confirm that people are still eating out and drinking out – in fact drinking out is becoming the predominant trend as seen elsewhere in the industry.

11-06-2018 07:37:13 • 1 minute(s) read
Author Sparks Team

Solid State (SOLI); wins £4.3m contracts to supply power units for robotic systems

Stock up 3.42% to 302p at 8:13

SOLI has announced that it has received orders to supply power units for autonomous robots operating in cold environments.

11-06-2018 07:42:48 • 2 minute(s) read
Author Sparks Team

Palace Capital (PCA); final results; acquisitions for £88m; largest equity raise of £70m

Stock up 2.23% to 366p at 8:01

PCA has reported results for year ended 31 March 2018. Adjusted profit before tax (PBT) grew 27% to £8.5m (31 March 2017: £6.7m) and net rental income rose 22% to £14.9m (31 March 2017: £12.2m). Total dividend increased 3% to 19.0p (31 March 2017: 18.5p).

11-06-2018 07:48:07 • 2 minute(s) read
Author Sparks Team

Keywords Studios (KWS); acquires Hollywood-based production services company for $10m

Stock up 1.22% to 1,830.0p at 8:01

KWS acquired Hollywood-based production services company Blindlight for a total consideration of up to $10m. KWS will pay the initial consideration of $3.64m in cash. It will then issue 64,521 new ordinary shares to the seller on the first anniversary of the acquisition.

11-06-2018 07:49:39 • 2 minute(s) read
Author Sparks Team

KEFI Minerals (KEFI); $30m project investment for TKGM

Stock up 45.71% to 04.08p at 8:29

KEFI has reported it has entered a $30m proposed acquisition agreement with an Ethiopian investment syndicate for 30% of ownership interest in wholly owned subsidiary KEFI Minerals Ethiopia (KME) that holds the company’s interest in Tulu Kapi Gold Mines Shares Company (TKGM).

11-06-2018 07:50:44 • 1 minute(s) read
Author Sparks Team

Nanoco Group (NANO); Keith Wiggins intends to step down as COO and from the Board

Stock flat at 42.5p at 8:05

Keith Wiggins intends to step down as Chief Operating Officer and from the Board to pursue other business interests. He will leave the Board with immediate effect but will stay with the business for an orderly handover.

12-06-2018 07:32:08 • 2 minute(s) read
Author Sparks Team

Trifast (TRI); preliminary results: revenue up 6% at AER; dividend of 3.85p per share

Stock down 2.33% to 265.66p at 8:10

TRI has reported its preliminary results for the year ending 31 March 2018. Total revenue grew 6% at actual exchange rate (AER) to £197.6m (FY17: £186.5m). The final dividend per share for the year rose 10% to 3.85p (FY17: 3.50p) and diluted earnings per share grew 17.3% at AER to 12.20p (FY17: 10.40p).

12-06-2018 07:34:15 • 1 minute(s) read
Author Sparks Team

Park Group (PKG); FY preliminary; billings grow 2%, operating profit rises 6.5%


PKG’s annual billings (Mar-18) grew 2% y/y to £413m, while revenue declined 4.7% to £296m. Operating profit and net income grew 6.5% and 5.2% to £11.6m and £10.4m, respectively. Full year dividend per share was at 3.05p (2017 – 2.90p).

12-06-2018 07:38:21 • 1 minute(s) read
Author Sparks Team

Keywords Studios (KWS); issued 513,189 new ordinary shares to vendors of Mindwalk

Stock down 0.11% to 1,846.0p at 8:01

KWS issued 513,189 new ordinary shares as part of non-contingent deferred share consideration to vendors of Mindwalk that was due on second anniversary of its acquisition. Further payment of $0.5m is deferred until third anniversary post acquisition which falls due on 31 May 2019.

12-06-2018 07:41:45 • 2 minute(s) read
Author Sparks Team

Fidelity China Special Situations (FCSS); final results: NAV total return of 22.2%

Stock flat at 263.5p at 8:14

For the year ended 31 March 2018, FCSS’ NAV total return of 22.2% underperformed the MSCI China Index return of 23.8%. Dividend per share increased 40% to 3.5p.

12-06-2018 08:03:27 • 2 minute(s) read
Author Paul Hickman

Ted Baker’s trading statement shows a strong wholesale operation and constant currency revenue


Drilling dow performance was rescued by the wholesale operation with constant currency sales growth of 18.9%. Within retail itself, constant currency revenue only grew by 3.6%, which was less than the 5.7% increase in average square footage. And the wholesale figure also contains a significant timing benefit from earlier deliveries – management expects the total for the year to be in high single digits rather than high teens.

13-06-2018 07:32:35 • 1 minute(s) read
Author Sparks Team

Ebiquity (EBQ); CMA to review disposal of advertising intelligence division to Nielsen

Stock down 3.01% to 64.5p at 8:02

EBQ acknowledged the Competition and Markets Authority’s (CMA) announcement today, regarding the proposed sale of advertising intelligence division to Nielsen, which was announced on 13 February 2018.

Showing 2849 - 2864 of 3031 pieces

Did you know ...

100+

countries in which our research is read

2003

year established

80+

analysts

2000+

investor meetings per year