Medtech

Smith & Nephew acquires Tusker Medical, Inc

FTSE News FTSE 100

Smith & Nephew (LON:SN), the global medical technology business, today announced that it has acquired California-based Tusker Medical, Inc., the developer of the Tula System, an in-office solution for tympanostomy tubes (commonly known as ear tubes). The acquisition supports Smith+Nephew’s strategy to invest in innovative technologies that address unmet clinical needs. Every year in the United States alone, approximately 700,0001 children …

gold bars

Polymetal International exceed guidance for the eighth year in a row

FTSE News FTSE 100

Polymetal International (LON:POLY) has today announced its Q4 and full year 2019 production results. “A strong Q4 allowed Polymetal to exceed both original and updated guidance for the eighth year in a row. Robust production and positive gold price dynamics drove strong free cash flow generation”, said Vitaly Nesis, Group CEO of Polymetal. “Stable operating performance should ensure steady and significant dividend flow while planned progress with execution of Nezhda and POX-2 projects will enable us to resume production growth in 2022”. HIGHLIGHTS The Company’s FY2019 gold equivalent (“GE”) production amounted to …

mining

Anglo American Production up 4% for the quarter

FTSE News FTSE 100

Anglo American (LON:AAL) has today announced its Production Report for the fourth quarter ended 31 December 2019. Mark Cutifani, Chief Executive of Anglo American, said: “We have delivered our full year production targets across the business. Production is up 4%(1) for the quarter led by the continued successful ramp-up at Minas-Rio in Brazil. Increased production at Metallurgical Coal in Australia was offset by …

Antofagasta Plc

Antofagasta 2019 record copper production of 770,000 tonnes

FTSE News FTSE 100

Antofagasta (LON:ANTO) has today announced its Q4 2019 production report. HIGHLIGHTS PRODUCTION ·     Record copper production for the full year of 770,000 tonnes was at the top end of revised guidance, 6.2% higher than in 2018 on higher production at Los Pelambres, Centinela and Zaldívar ·    Group copper production in Q4 2019 was 185,500 tonnes, only 5.8% lower than in the previous quarter …

Sage Group Plc

Sage Group sustain growth momentum into Q1 2020

FTSE News FTSE 100

Sage Group LON:SGE) has today issued its trading update for the three months ended 31 December 2019.   Financial performance Group recurring revenue increased by 10.7% to £410m, underpinned by software subscription growth of 24.8% to £286m (Q1 19: £229m), as Sage continued to focus on migrating existing customers and attracting new customers to subscription and the cloud. Recurring revenue growth …

Burberry Group remain confident in strategy and outlook for FY2020

FTSE News FTSE 100

Burberry Group (LON:BRBY) has today announced its third quarter trading update. •     New product continues to perform well, now around 75% of our mainline retail store offer •     Continued focus on consumer inspiration, with social and digital innovations, and additional new and refreshed stores •     Excellent response to our Festive campaign and Lunar New Year activities  •     Continued focus on …

J Sainsbury CEO Mike Coupe to retire; Simon Roberts appointed

FTSE News FTSE 100

After almost six years as Chief Executive Officer (CEO) and fifteen years working for J Sainsbury (LON:SBRY), Mike Coupe has confirmed his intention to retire later this year. Mike will continue in his role as Chief Executive Officer until the end of May 2020. Chairman Martin Scicluna and the Nomination Committee led a thorough search process, assisted by external headhunters, …

BHP Group PLC

BHP Group achieve solid operational performances across the portfolio

FTSE News FTSE 100

BHP Group (LON:BHP) has today announced its operational review for the half year ended 31st December 2019. All production and unit cost guidance(1) (based on exchange rates of AUD/USD 0.70 and USD/CLP 683) remains unchanged for the 2020 financial year. Escondida unit costs tracking below full year guidance at the December 2019 half year largely as a result of higher by-product …

Easyjet Strong start to full year 2020

FTSE News FTSE 100

Easyjet (LON:EZJ) has today announced its trading statement for the quarter ended 31st December 2019. Summary easyJet has delivered a strong performance in the quarter. The delivery of self-help initiatives, robust customer demand and low levels of competitor capacity drove outperformance in both our passenger and ancillary revenue per seat leading to an upgrade to our H1 revenue guidance. Our …