Synairgen shares punctured after 2018 loss
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Synairgen has seen its share price drop after it booked an operating loss of £4.13 million for the year ended 31st December.
Financial News
Metro Bank to expand with new funds
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FTSE 250 financial services provider Metro Bank has seen its share price rise by 4.72% to 1,365.48p after it secured an additional £120 million in funding.
Inspiration Healthcare sees sell-off despite positive update
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Medical device manufacturer Inspiration Healthcare said that it expects to report revenues of £15.5 million for the year ended 31st January.
Stobart lifts off as it sell Aviation arm
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The share price of logistics operator Stobart climbed 3.50% after it announced the disposal of its Aviation holdings had been completed.
BAE Systems shares struggle after sales update
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Shares in aerospace and defence giant BAE Systems have fallen by 6.36% after the firm’s revenues dropped by 2.3% for the 2018 full year.
Centrica shares down as outlook darkens
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Centrica has said that it expects cash flow during 2019 to be around £350 million below last year due to tax phasing, the UK tariff caps, and low nuclear volumes.
Guidance cut and CEO departure shocks Purplebricks investors
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AIM-listed online estate agency Purplebricks has cut its revenue guidance for the current financial year to £130-140 million.
Competition panel fears hit Sainsburys
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Shares in Sainsbury’s have plunged 15.56% after the CMA said the proposed ASDA merger would lead to a substantial lessening of competition.
Summit Germany falls as shareholder investigated
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The share price of real estate firm Summit Germany has dropped by 10.45% to 1.20p after its largest shareholder was searched by the Israeli authorities.
Enteq Upstream update excites markets
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Enteq Upstream has announced revenues and underlying EBITDA for the year ending 31st March will be materially ahead of expectations.