Headlines from the Proactive UK newsroom.
Arc Minerals (LON:ARCM) has reported yet more good copper grades from shallow drilling at Cheyeza East in Zambia. Results this time includes metal indications to the southeast and northwest, which suggest the resource is expanding – according to the junior.
Amryt Pharma (LON:AMYT) boosted nine-month revenues by almost 20% to US$113mln following its acquisition of US firm Aegerion. Sales of leptin deficiency treatment Myalept jumped by 35%.
Adept Technology (LON:ADT) has been granted “diamond” reseller partner status by US communications group Avaya, one of only eight such partners in the UK. AdEPT and Avaya have been working together for more than 20 years.
AB Foods expects chain Primark’s margin to decline in the coming six months due to the weakness of sterling, though more stores will be opened. The sugar business however will get a material boost from higher EU sugar prices. AB’s profits fell 8% in the year just ended.
Tobacco group Imperial Brands’ profits fell 7% as its vaping business grew slower than expected and it took a big write-down on premium cigars, a division that is up for sale.
Pump group Weir has warned profits this year will be lower than expected as orders in its oil and gas business have slumped by a third. A £30mln cost reduction is underway to offset the slowdown.