Post amendment, the exercise price has been brought down to £20,000
1Spatial has announced an amendment relating to the disposal of 80.1% of the issued share capital of Enables IT Group Limited to Champall Consultancy Limited. As per the original agreement, Champall was granted an option to buy the remaining 19.9% interest for an exercise price of £100,000.
For the six-month reporting period ended 31 December 2018, EPS from the group’s combined operations, in GBP terms, is expected to be in the range of 0.38p to 0.40p per share against 0.18p for the corresponding period last year.
Growth in property stock and visits together produce record levels of leads for the company’s estate and lettings agent customers
OnTheMarket announced that traffic at its portal in January exceeded 23.5m visits (a new monthly record). The company displayed over 600,000 UK residential property listings. Its UK property stock is already over 80% of Zoopla’s and ~60% of Rightmove’s as of 31 January 2019.
The group is clearly focussed on winning and retaining mass market recreational customers
Stride Gaming will conduct its Annual General Meeting (AGM) at 9.30am today, where Nigel Payne, the company’s non-executive chairman, will announce the group’s trading performance since the beginning of the financial year. She will say trading has been broadly in line with expectations despite continuous challenging trading conditions.
The company intends to file an emergency motion with the US Court of Appeals for the Federal Circuit
Pharmaceuticals group Indivior has announced that a US court has denied its appeal against the lifting of an injunction that allows rival Dr Reddy’s Laboratories to launch a generic competitor to suboxone film, its top-selling treatment for opioid addiction.
EBITDA declined £15.5m to £59.5m as a result of the costs of developing the Ocado Smart Platform
The fact that an M&S deal wasn’t announced with Ocado’s results doesn’t mean that it isn’t happening. Management says it is “continuing to engage” with multiple retailers in a variety of markets with a view to adding more partnerships to its platform, which could include Marks. Equally, Ocado is stressing that its own ambitions run much wider.
The company t expects a significant increase in revenue with regard to the UK macroeconomic and political landscape.
Performance of the Corporate Broking & Advisory division was in line with H2 last year, but below the comparative period, whereas average deal fees remained in line with the previous year. Deals transaction volumes and institutional income were both nearly 25% lower than the previous year.
The news comes two weeks after Ryanair cut its full-year profit forecast for the second time
Low-cost airline Ryanair Holdings has announced a third-quarter underlying pre-tax loss of €22.1m and warned that it does not expect fares to rise this summer. The loss, which excludes €61.5m of exceptional charges at its Lauda operations, compares to group profits of €113m in the same period a year earlier. Revenues increased by 9% over the period, to €1.53bn, as passenger numbers advanced by 8% to 33m.
Full operational service under the new contract will start on 1 July 2019.
Serco has announced that it has signed a £560m contract with Bupa Health Services Pty to support the Australian Defence Force through the provision of National Garrison Health Services (NGHS). The contract has an initial term of six years and up to four, one-year extensions.
According to the agreement terms, the group may receive undisclosed payments upon future clinical development milestones
Avacta Group announced that ModernaTX has exercised its option to enter into an exclusive licensing agreement with regard to certain Affimers. The agreement is against a potential therapeutic target that has been part of an ongoing research collaboration between the two companies.
The properties, subject to royalties, contain significant mineral resources at 2.6 billion tonnes of coal
Baker Steel announced the acquisition of 0.75% in Gross Revenue Royalty (GRR) over the future production of coal from the Wilton and Fairhill properties for AU$6m. It also has the option of acquiring 0.25% GRR on Futura’s metallurgical coal assets in Queensland, Australia, for another AU$2m.
Trading continues the previous year's trends, with the full year outlook unchanged.
Euromoney Institutional Investor announced its trading update for the period from 1 October 2018 to 31 December 2018, ahead of the group’s AGM at 9:30am today. Revenue for the three months to 31 December 2018 was £92.6m vs. £100.8m in 2017. That’s after the disposal of the Global Markets Intelligence Division in April 2018.
The current period should see continued material payoff from recent transformative investments
PPHE continues to deliver with a firm end to the year, reinforcing confidence that expectations for 2018 will be met (results due in late February). Disclosure of 5% like-for-like RevPAR growth for the full year suggests c. 8% in the final quarter, which is impressive, as it is not materially boosted by either currency or a buoyant Croatia (Q4 is its low season).