Topps Tiles sales continue falling in third quarter
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Tile specialist Topps Tiles reported that its revenues for the 13 weeks ended 1st July fell by 2.9% due to a difficult consumer market.
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Sainsbury’s shares rise despite mild sales growth
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Retail sales excluding fuel rose by 0.8% during the first quarter at FTSE 100 supermarket J Sainsbury as the company cut prices in produce.
Frontier Developments climbs after successful launch
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Shares in AIM-listed software developer Frontier Developments had climbed by 5.13% to 1,435p at 1200 BST today after the company reported that the launch of its latest game had been strong.
Ferrexpo shares fall as production drops
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Iron pellet production in the second quarter of 2018 fell by 2.9% at FTSE 250 outfit Ferrexpo.
Glencore faces Department of Justice probe
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FTSE 100 mining outfit Glencore saw its shares plunge by 11.78% to 308.15p (as of 0950 BST) after it received a subpeona from the United States Department of Justice.
Playtech revenues fall on Asian struggles
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Online gaming firm Playtech saw its shares drop by 29% to 534p (as at 10:40 BST) after the company issued a warning about revenues and profits.
Vedanta Resources founder makes a bid to buy company
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FTSE 250 mining outfit Vedanta Resources watched its shares shoot upwards by 26.65% to 819.20p after the company announced that it had agreed the terms of a potential recommended cash offer for the company from a trust owned by the company’s founder Anil Agarwal.
Eco Animal Health delivers sales increase
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Veterinary products specialist Eco Animal Health saw its revenues climb by 9.4% to £67.2 million over the year ended 31st March driven by a strong performance for the company’s flagship treatments for pigs and poultry.
Action Hotels agrees cash offer
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AIM-listed Action Hotels (LON:AHCG) saw its shares rise by 31.94% to 21.11p after the company agreed a potential all-cash offer with it’s largest shareholder. Under the terms of the agreement, shareholders would be offered 24p a share, which represents a 50% premium over yesterday’s closing price.
John Laing says its still on track for investment targets
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FTSE 250 infrastructure specialist John Laing (LON:JLG) said that it still pans to invest £250 million in the current financial year, despite only managing £40 million in the first half.