Financial News

IQE rallies on the back of “strong double-digit sales growth”

Shares in compound semiconductor wafer manufacturer IQE (LON:IQE) jumped 5.2p to 106.6p as it reported double-digit sales growth on a constant…

AstraZeneca sells Atacand for $200 million

Pharmaceuticals major AstraZeneca (LON:AZN) has agreed to offload the European commercial rights to Atacand and Atacand Plus, to Cheplapharm Arzneimittel.

Spectris falls on slowing sales growth

Shares in precision instruments maker Spectris (LON:SXS) tumbled 143p to 2,457p (as at 10:50 BST) as it warned of slowing sales…

SRT Marine Systems slips to full-year loss on impairment charge

Marine communications specialist SRT Marine Systems (LON:SRT) swung to a loss before tax and exceptional items of £5.8 million from a profit of £1.2…

Paragon remains on track for growth

Lender Paragon (LON:PAG) said that mortgage lending totalled £409.4 million in the quarter to June, taking year-to-date lending to £1.13 billion, up from £1.06 billion a…

Ryanair hit by turbulent staff relations

Shares in budget airline Ryanair (LON:RYA) descended 0.63 euros to 14.86 euros (as at 10:50 BST) as it said Pre-tax profit…

Sirius Minerals signs supply deal with Chinese firms

Sirius Minerals (LON:SXX) has signed binding take-or-pay supply agreements with two Chinese companies for the resale of POLY4 into certain provinces of…

HomeServe on track for growth

Emergency home repairs group HomeServe (LON:HSV) reported trading in line with expectations during its traditionally quieter first quarter.

Beazley profits slump as claims rise and investment returns fall

Insurer Beazley (LON:BEZ) said pre-tax profit for the six months to 30 June fell 64% to $57.5 millionas claims rose and investment returns fell.

Lord Stanley Fink invests in new UK property platform

Prominent peer and philanthropist, widely known in financial services, Lord Stanley Fink, is leading a £7 million investment in a…