Skip Header

Sector review

Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

TGI Fridays owner Hostmore narrows FY losses
(Sharecast News) - TGI Fridays owner Hostmore said on Friday that it had reduced its annual losses in a "transitional" year.
Polarean gets new polariser order from Cincinnati Children's
(Sharecast News) - Polarean Imaging announced a new polariser order to replace the research polariser at Cincinnati Children's Hospital Medical Center on Friday.
Shell's Q1 performance "encouraging", says RBC
(Sharecast News) - RBC Capital Markets has raised its forecasts for Shell and kept an 'outperform' rating, saying the business was "firing on most cylinders" in the quarter.
Tekmar sells Subsea Innovation in £1.9m deal
(Sharecast News) - Tekmar Group announced the sale of Subsea Innovation (SIL) to Unique Group on Friday, through its subsidiary Unique System UK, for a total cash consideration of £1.9m.
Physiomics lowers forecasts amid contract delays
(Sharecast News) - Therapeutics and medicine-focussed mathematical modelling and data science company Physiomics said in an update on Friday that, despite a robust pipeline of potential new business, it had experienced delays in signing several large contracts.
Duke Capital invests another £4m in BPVA Ireland
(Sharecast News) - Duke Capital announced a follow-on investment of £4m into its existing capital partner, BPVA Ireland, on Friday.
Time Out opens its eighth market in Porto
(Sharecast News) - Media and hospitality company Time Out Group announced the opening of Time Out Market Porto in Portugal on Friday.
Prospex Energy reports progress at Selva Malvezzi
(Sharecast News) - Prospex Energy updated the market on the Selva Malvezzi production concession in Italy on Friday, following a first-quarter activity report from Po Valley Energy (PVE).
Berenberg raises target price on Standard Chartered
(Sharecast News) - Analysts at Berenberg raised their target price on multinational bank Standard Chartered from 1,050.0p to 1,100.0p on Friday after the group's Q1 earnings "validated" management's suggestion that the bank had experienced "an encouraging start" to the year.
Citi sees significant upside at Team17
(Sharecast News) - Citi has reiterated its 'buy' rating for British video-game developer Team17, saying it sees significant upside to its valuation as operations stabilise.
Jefferies downgrades AJ Bell after share price rally
(Sharecast News) - Jefferies downgraded its stance on AJ Bell on Friday to 'hold' from 'buy' after a circa 30% rally in the shares this year.
Asda refinances £3.2bn of debt
(Sharecast News) - Asda said on Friday that it has successfully refinanced more than £3.2bn of its debt, pushing out the majority of its maturities into the next decade.
Credit Agricole Q1 earnings grow, corporate and investment units outperform rivals
(Sharecast News) - French banking group Credit Agricole said on Friday that first-quarter earnings had grown as its corporate and investment banking units outperformed rivals.
Societe Generale maintains targets after Q1 profit beat
(Sharecast News) - Shares in French banking giant Société Générale surged on Friday after the company reiterated its full-year guidance despite a sharp drop in profits in the first quarter as it beat consensus estimates.
Europa Oil to decline any North Sea licence offer
(Sharecast News) - Europa Oil & Gas said in an update on Friday that it received communication from the North Sea Transition Authority (NSTA) regarding its application for a licence as part of the 33rd UK Offshore Licensing Round.
Triple Point to sell part of portfolio after shareholder consultation
(Sharecast News) - Triple Point Social Housing announced plans to sell part of its portfolio on Friday, following shareholder consultations.
Pollen Street announces positive first quarter
(Sharecast News) - Pollen Street Group announced positive results in the quarter ended 31 March on Friday, highlighting significant fundraising success across both its private credit and private eEquity strategies.
Trainline says Labour has no plans to revive UK ticket app, website
(Sharecast News) - Britain's opposition Labour Party has no plans to revive government plans to introduce a national rail ticket website and app if it wins the next General Election, online platform Trainline said on Friday.
Adriatic Metals announces resignation of CFO
(Sharecast News) - Adriatic Metals, the FTSE 250 precious and base metals miner, has announced that its chief financial officer is stepping down after just two years on the job.
CMA set for deeper probe of Pennon's SES acquisition
(Sharecast News) - Pennon Group worked to assure the market that its acquisition of Sutton and East Surrey Water (SES Water) would avoid a deeper competition probe on Friday, telling shareholders that it planned to offer "appropriate undertakings" to regulators.
Angle strikes supplier deal with AstraZeneca
(Sharecast News) - Liquid biopsy technology firm Angle has struck a supplier deal with pharmaceutical giant AstraZeneca to develop an androgen receptor detection assay to enhance prostate cancer studies.
Warpaint London raises £31.5m in upsized placing
(Sharecast News) - Warpaint London concluded an upsized placing of seven million shares on Friday, raising £31.5m in a bid to broaden its shareholder base and position it for future growth.
Glencore said to be studying approach for Anglo American
(Sharecast News) - Glencore is reportedly studying an approach for Anglo American, a development that could spark a bidding war.
Future appoints ITV Studios' Sharjeel Suleman as CFO
(Sharecast News) - Media group Future said on Friday that it has appointed Sharjeel Suleman as chief financial officer.
Diageo replaces CFO after three years
(Sharecast News) - Drinks group Diageo has announced that it is replacing its chief financial officer with the head of finance from Coca-Cola Europacific Partners, as it says goodbye to Lavanya Chandrashekar after three years on the board.
Mondi earnings in line as market conditions improve
(Sharecast News) - Paper and packaging company Mondi reported improved market conditions in its first quarter on Friday, resulting in stronger order books and increased sales volumes across a range of paper grades compared to the prior quarter.
IHG sees RevPAR growth slow in Q1
(Sharecast News) - Hotels giant InterContinental Hotels Group reported a substantial easing in revenue per available room (RevPAR) growth in the first quarter as weakness in the Americas and a big slowdown in China limited progress.
Trainline shares surge on profits, Labour plan to ditch app
(Sharecast News) - Shares in online rail ticket platform Trainline surged on Friday as it reported better-than-expected revenue along with a sharp jump in annual sales and profits, driven by competition for passengers in Spain and Italy.
Personal Group sustains momentum through first quarter
(Sharecast News) - Personal Group said in an update on Thursday that it had sustained positive momentum throughout the first quarter of the year, driven by enhancements in leadership and streamlined operational processes.
Goldman Sachs to scrap bonus cap for UK dealmakers
(Sharecast News) - Goldman Sachs will remove a cap on bonuses for its London-based staff, according to Sky News, with the firm now set to resume making multi-million-pound payouts to its top-performing traders and dealmakers.
Gazprom swings to $6.9bn loss as Europe sales plunge
(Sharecast News) - Russia's natural gas heavyweight Gazprom swung to huge loss in 2023 after sales to Europe dropped due to Western sanctions on Moscow.
London cabbies launch £250m legal action against Uber
(Sharecast News) - Uber Technologies is facing legal action on behalf of more than 10,500 London black cab drivers, it was confirmed on Thursday.
Peloton announces CEO departure; to cut 15% of workforce
(Sharecast News) - Peloton announced the departure of its chief executive on Thursday, alongside plans to cut around 15% of its workforce amid a restructuring programme aimed at reducing annual expenses by more than $200m.
LifeSafe shares jump on new deal with Trinity
(Sharecast News) - Fire technology company LifeSafe announced a significant agreement with Trinity Fire & Security Systems on Thursday, involving the supply of LifeSafe's latest line of fire extinguishers filled with multi-purpose fluid, specifically designed to combat various types of fires including lithium-ion battery fires.
Friday preview: U.S. non-farm payrolls, Trainline in the spotlight
(Sharecast News) - The market spotlight on Friday will revert back to the U.S. jobs market, as it does early each month.
Friday preview: U.S. non-farm payrolls, Trainline in the spotlight
(Sharecast News) - The market spotlight on Friday will revert back to the U.S. jobs market, as it does early each month.
BHP deploys team to SA to woo officials over Anglo deal - report
(Sharecast News) - BHP has reportedly deployed a team of senior executives to South Africa as it ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American.
Hugo Boss shares tank as APAC sales miss forecasts
(Sharecast News) - Shares in Hugo Boss tanked on Thursday despite first-quarter results beating forecasts, as the German fashion group reported falling sales in the key market of China.
Moderna bets big on RSV vaccine as full-year guidance unchanged
(Sharecast News) - Moderna saw its share price surge on Thursday after posting a smaller-than-expected quarterly loss as the Covid vaccine maker sets its sights on regulatory approvals of its second product later in the year.
Maersk lifts profit guidance, expects Red Sea disruption to continue
(Sharecast News) - Danish shipping and logistics giant A.P. Møller - Mærsk has lifted its 2024 profit guidance, saying that Red Sea disruptions are likely to continue for the rest of the year.
ING to return €2.5bn to shareholders
(Sharecast News) - Dutch lender ING Groep said on Thursday that it will return €2.5bn to shareholders following a "very strong" first quarter.
Ironveld appoints Kristoffer Andersson as CEO
(Sharecast News) - Iron ore mining firm Ironveld has tapped Kristoffer Andersson to take over as chief executive officer.
Tertiary Minerals upbeat on fresh Brunton Pass findings
(Sharecast News) - Tertiary Minerals announced optimistic findings from a recent geophysical survey at its Brunton Pass Copper-Gold Project in Nevada on Thursday.
Arkle raises £0.27m to advance lithium programme
(Sharecast News) - Irish gold and zine explorer Arkle Resources announced on Thursday that it has raised £0.27m before expenses to advance its lithium programme.
Universal artists to return to TikTok
(Sharecast News) - Universal Music Group has ended its boycott of social media platform TikTok after the two groups struck a new licensing deal.
Kitwave confident despite recent trading weakness
(Sharecast News) - Kitwave Group said in a trading update on Thursday that it was maintaining its performance in line with current market expectations for the year ending 31 October.
Lords Group extends £95m lending facility
(Sharecast News) - Building materials distributor Lords Group announced an extension to its current £95m lending facilities on Thursday.
SIG posts drop in sales amid 'challenging' markets
(Sharecast News) - Building products supplier SIG reported a drop in sales on Thursday amid continued "challenging" market conditions.
ArcelorMittal smashes profit forecasts in first quarter
(Sharecast News) - Luxembourg-based steel titan ArcelorMittal beat forecasts with its first-quarter profits on Thursday as it painted a positive outlook for global steel demand.
EZ manufacturing still hit by weak demand - PMI
(Sharecast News) - The malaise in eurozone manufacturing activity worsened last month on the back of anaemic demand despite price cuts at the factory gate, with companies axing more jobs as a result, a survey showed on Thursday.
International Personal Finance posts solid first quarter
(Sharecast News) - International Personal Finance announced a solid first-quarter performance on Thursday, with customer lending rising 5% excluding Poland, with demand steadily improving as the quarter progressed.
Capita names new CFO
(Sharecast News) - Business process services group Capita revealed on Thursday chief financial officer Tim Weller has signalled his intention to retire from the company in August.
Novo Nordisk posts Q1 beat on strength of weight-loss drug
(Sharecast News) - Danish pharmaceutical superstar Novo Nordisk beat first-quarter profit projections, it reported on Thursday, as demand for its blockbuster weight-loss drugs soared.
Endeavour Mining's Q1 profits drop but guidance unchanged
(Sharecast News) - Gold miner Endeavour Mining on Thursday reported a drop in production and selling volumes in the first quarter, along with a big jump in costs, though adjusted profits came in line with expectations.
Morgan Sindall reiterates full-year outlook
(Sharecast News) - Morgan Sindall reiterated its full-year outlook on Thursday, on the back of solid trading at the start of the year.
Apax Global Q1 hit by poor performance at Vyaire
(Sharecast News) - Apax Global Alpha reported lower net asset value and took a €24m writedown across its private equity and debt portfolios after a poor performance at Vyaire Medical.
Grafton revenues fall amid market weakness
(Sharecast News) - Grafton Group reported a 5% decrease in year-to-date revenue in an update on Thursday, to £669.2m for the period from 1 January to 21 April, with a 3.3% decline in constant currency.
Reach shares rally as optimistic guidance offsets revenue decline
(Sharecast News) - Shares in publishing firm Reach rallied early on Thursday as optimistic guidance helped offset news of a decline in first-quarter revenues.
Lancashire reports robust first quarter, makes executive appointment
(Sharecast News) - Specialist insurer and reinsurer Lancashire Holdings reported a robust first-quarter performance in an update on Thursday, as it also announced the appointment of Paul Gregory as an executive director.
Hiscox Q1 written premiums underpinned by Retail growth
(Sharecast News) - Hiscox reported a rise in first-quarter written premiums on Thursday as it benefited from accelerated growth in the retail segment.
Diploma acquires PAR Group for £38m
(Sharecast News) - Distribution company Diploma announced the acquisition of PAR Group on Thursday for £38m.
RHI Magnesita reports subdued Q1, but outlook unchanged
(Sharecast News) - Refractory products group RHI Magnesita reported subdued customer demand in the first quarter but said that the outlook for 2024 remains in line with expectations.
RBC Capital downgrades Alpha FMC after share price surge
(Sharecast News) - RBC Capital Markets downgraded Alpha Financial Markets on Thursday to 'sector perform' from 'outperform' following the surge in the share price a day earlier after the financial services consultancy confirmed it had been approached by two parties about a possible takeover.
TI Fluid Systems holds FY guidance as sales fall in line with forecasts
(Sharecast News) - Fluid engineering specialist TI Fluid Systems held guidance after first-quarter revenues fell 0.4%, in line with expectations to €847m.
Wizz Air April passenger numbers hit by engine recall, early Easter
(Sharecast News) - Hungary-based Wizz Air reported a fall in passenger numbers in April after it was forced to ground some aircraft for engine replacement.
AstraZeneca reports positive results from blood cancer drug trial
(Sharecast News) - AstraZeneca has reported positive results from the use of its Calquence drug in a clinical trial to treat a rare type of blood cancer.
Standard Chartered posts jump in Q1 profits
(Sharecast News) - Standard Chartered backed its full-year guidance on Thursday and posted a jump in first-quarter profit as it continued to benefit from higher interest rates.
Revolution Bars confirms takeover talks with Nightcap
(Sharecast News) - Revolution Bars confirmed on Thursday that it has held "an exploratory meeting" with Piano Works owner Nightcap about a range of possible transactions, including a potential takeover.
Engine sales drive Q1 growth at Melrose
(Sharecast News) - Aerospace tech group Melrose reported a strong start to the year with its Engines division driving group revenues higher, as it reiterated recently upgraded guidance for the full year.
Co-op Bank transformation plan 'materially complete' ahead of agreed merger
(Sharecast News) - The Co-operative Bank said on Thursday that its transformation plan was "materially complete" ahead of its agreed merger with Coventry Building Society.
Smurfit Kappa reports 'very strong' first quarter
(Sharecast News) - Smurfit Kappa Group reported robust first-quarter revenue of €2.7bn in an update on Thursday, alongside EBITDA of €487m, making for an EBITDA margin of 18.0%.
Spectris reports Q1 sales drop but sees outlook improving
(Sharecast News) - Precision measurement group Spectris has kept its projections for 2024 unchanged despite a "softer-than-anticipated" first quarter, with sales falling against a strong comparative period last year.
Shell beats estimates as profit hits $7.7bn, unveils $3.5bn buyback
(Sharecast News) - Oil and gas giant Shell on Thursday reported much better-than-expected first-quarter earnings on the back of higher margins from crude and oil products trading and also unveiled a new $3.5bn share buyback.
Barclays to cut jobs in investment banking - reports
(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks to tackle underperformers and reinvest in new talent.
CVS Health shares fall on earnings miss, lowered outlook
(Sharecast News) - Shares in pharmacy giant CVS Health were falling on Wednesday, after its first-quarter results fell short of expectations, with both revenue and adjusted earnings missing the mark.
Ariana sets out fresh production guidance for Zenit
(Sharecast News) - Mineral explorer and developer Ariana Resources announced its production guidance for 2024 from its stake in the Zenit mining operations on Wednesday.
Johnson & Johnson proposes $6.5bn deal to settle talc claims
(Sharecast News) - Johnson & Johnson has proposed a $6.5bn deal to settle thousands of lawsuits claiming its talc products cause cancer, it was confirmed on Wednesday.
Safestay acquires Cordoba hotel for EUR 2m
(Sharecast News) - Safestay announced the acquisition of Hotel Lineros in Cordoba, Spain on Wednesday, for €2m.
Seeing Machines secures extension with North American customer
(Sharecast News) - Driver monitoring technology company Seeing Machines announced a significant extension to its generational programme with an existing North American tier-one customer and original equipment manufacturer (OEM) on Wednesday.
Boku finance chief hands in notice
(Sharecast News) - Mobile payment solutions specialist Boku announced the retirement of its chief financial officer Keith Butcher on Wednesday.
Johnson Service Group revenue rises in first quarter
(Sharecast News) - Textile service provider Johnson Service Group said in an update on Wednesday that in the first quarter, it recorded revenue of £114m, making for organic growth of 8.9%.
Springfield Properties signs £10.1m contract with Moray Council
(Sharecast News) - Scottish homebuilder Springfield Properties has inked a new affordable housing contract with Moray Council worth £10.1m.
Pfizer ups full-year earnings outlook
(Sharecast News) - Pfizer raised its full-year earnings forecast on Wednesday, on the back of solid demand for its non-Covid products.
CVS Group appoints David Wilton as its new chair
(Sharecast News) - UK veterinary service provider CVS announced the appointment of David Wilton as its new chair on Wednesday.
Renold wins £10.6m contract with Royal Canadian Navy
(Sharecast News) - Industrial chains and power transmission products supplier Renold has secured a contract to manufacture flexible couplings for Batch 1 of the Canadian Surface Combatant ships for the Royal Canadian Navy, worth £10.6m.
Picton Property Income hikes quarterly dividend
(Sharecast News) - Picton Property Income declared a 5.7% increase in its dividend on Wednesday, with the interim payment for 1 January to 31 March to be 0.925p per share, up from 0.875p per share for the three months ended 31 December.
LSL Property Services appoints new chairman
(Sharecast News) - LSL Property Services announced the appointment of Adrian Collins as non-executive chairman on Wednesday.
Flutter shareholders vote in favour of US primary listing
(Sharecast News) - Shareholders in Flutter Entertainment voted on Wednesday in favour of moving the Paddy Power owner's primary listing to New York from London.
DuPont lifts FY guidance after strong Q1 beat
(Sharecast News) - Shares in DuPont were rising strongly in pre-market trade on Wednesday after the American chemical company beat forecasts with first-quarter sales and profits and upped its full-year guidance.
Alpha FMC shares soar on two takeover approaches
(Sharecast News) - Shares in financial services consultancy Alpha FMC soared nearly 40% on Wednesday after the company confirmed rumours that it has been approached by two parties about a possible takeover.
Custodian Property maintains quarterly dividend
(Sharecast News) - Custodian Property Income maintained a fourth-quarter dividend of 1.375p, it confirmed on Wednesday, fully covered by its EPRA earnings per share of 1.5p.
First-quarter earnings beat forecasts at Carlyle
(Sharecast News) - The Carlyle Group reported an above-forecast jump in earnings on Wednesday, boosted by the sale of assets.
Inspiration Healthcare shares hit record low as material export order remains outstanding
(Sharecast News) - Medical technology provider Inspiration Healthcare Group shares hit a record low early on Wednesday as it said a material export order that was due at the end of January remains outstanding.
Thursday preview: Euro area factory PMIs, StanChart in focus
(Sharecast News) - Investors' attention on Thursday will be on a raft of factory sector purchasing managers' surveys due out in the euro area.
Touchstone to snap up rival Trinity in £24m deal
(Sharecast News) - Shares in Trinity Exploration & Production soared on Wednesday, after it agreed to be taken over by rival Touchstone Exploration.
Altitude delivers 'another strong year' in FY24
(Sharecast News) - Technology and information business Altitude Group said on Wednesday that it has experienced "another strong year of trading" as it delivered "a transformative entrance" into the Collegiate market.
Post Office appoints former Camelot boss as new chair
(Sharecast News) - Nigel Railton, the former long-serving boss of National Lottery operator Camelot UK, has been appointed as the new chair of the Post Office, the government confirmed on Wednesday.
Mulberry hit by downturn in luxury spending
(Sharecast News) - Luxury handbag maker Mulberry struck a cautious tone on Wednesday as it reported a drop in full-year revenues, pointing to a downturn in luxury spending.
Berenberg lowers target price on Videndum following FY results
(Sharecast News) - Analysts at Berenberg lowered their target price on hardware and software manufacturer Videndum from 500.0p to 450.0p on Wednesday following the release of the group's full-year results on 23 April.
Wickes reiterates full-year outlook despite sales slide
(Sharecast News) - Wickes Group left its full-year outlook unchanged on Wednesday, despite "challenging" market conditions hitting sales in its design and installation business.
Haleon makes 'solid start' to FY24
(Sharecast News) - Consumer healthcare company Haleon said on Wednesday that it had made a "solid start to the year", posting better-than-expected Q1 profits despite seeing a fall in revenues.
Regional REIT secures two new lettings
(Sharecast News) - Regional REIT announced two new lettings at Bennett House in Stoke-on-Trent and Delta 1200 at Delta Business Park in Swindon on Wednesday.
Computacenter warns on first-half profits
(Sharecast News) - Computacenter warned on first-half profits on Wednesday, citing strong prior-year comparatives and challenging UK markets.
Spirent Communications Q1 revenues down as market conditions remain 'challenging'
(Sharecast News) - Telecommunications testing company Spirent Communications said on Wednesday that first-quarter revenues were in line with internal expectations but lower year-on-year as market conditions remained "challenging".
Halma snaps up electrical testing firm MK Test for £44m
(Sharecast News) - Safety equipment and life-saving tech group Halma has announced the acquisition of Somerset-based MK Test Systems for £44m.
Jefferies reiterates 'buy' rating on Volution
(Sharecast News) - Jefferies reiterated its 'buy' rating on Volution on Wednesday as it said the company's ability to drive margins higher, through both revenue mix and efficiency, is more than offsetting the challenging market backdrop to deliver ongoing earning upgrades.
GSK lifts annual guidance on strong virus treatment sales
(Sharecast News) - UK pharmaceutical giant GSK lifted annual profits guidance on Wednesday, as it pinned its hopes on demand for its respiratory virus and shingles treatments.
Aston Martin expects new models to drive H2 growth after Q1 weakness
(Sharecast News) - Luxury carmaker Aston Martin Lagonda saw a double-digit drop in revenues and adjusted profits in the first quarter, but said that the launch of four new models should drive "significant growth" in the second half and beyond.
Smith & Nephew maintains guidance after strong first quarter
(Sharecast News) - Smith & Nephew reported first-quarter revenue of $1.39bn in an update on Wednesday, up 2.9% year-on-year, as its orthopaedics business continued to recover.
HSS Hire paints confident outlook for 2024 as CFO resigns
(Sharecast News) - Equipment rental firm HSS Hire said it expects results for the current year to be in line with market forecasts despite an uncertain macro environment, after it reported a sharp drop in annual profits for 2023 and the resignation of its chief financial officer.
Next warns on Q2 but holds guidance as first-quarter sales beat estimates
(Sharecast News) - UK fashion retailer Next said first-quarter sales came in ahead of forecasts and held guidance for the full year but warned that the next three months would be weaker due to wet spring weather.
Domino's keeps growth targets despite falling Q1 sales
(Sharecast News) - Like-for-like sales at Domino's Pizza Group declined year-on-year in the first quarter as anticipated, but the company said it still expects to return to growth over 2024.
Webis launches new WatchandWager web property
(Sharecast News) - Webis, a company specialising in pool wagering and the operator of WatchandWager Cal Expo, the Californian harness track, announced the successful launch of its new website for its advanced deposit wagering (ADW) business WatchandWager.com on Tuesday.
Distil makes inaugural distillation of Blackwood at Ardgowan
(Sharecast News) - Premium drinks group Distil announced a significant milestone on Tuesday, with the successful inaugural distillation of 'Blackwood' at Ardgowan Distillery.
OptiBiotix Health inks manufacturing deal with KAG Industries
(Sharecast News) - Life sciences company OptiBiotix Health announced on Tuesday that its its Indian subsidiary, OptiBiotix Health India (OHI), has entered into a manufacturing agreement with KAG Industries for the supply of 'Slimbiome' products tailored for the Indian market.
Pebble Group maintains consistent trading in year to date
(Sharecast News) - Promotional products commerce and services specialist the Pebble Group said in a trading update on Tuesday that in the year to date, it had maintained a financial performance consistent with the same period in 2023.
Poolbeg agrees 12-month option over potential Behcet's treatment
(Sharecast News) - Poolbeg Pharma announced an exclusive 12-month option agreement with Silk Road Therapeutics on Tuesday, to potentially acquire a novel topical muco-adherent formulation of Pentoxifylline (tPTX).
Kodal amends agreement with Suay Chin International
(Sharecast News) - Kodal Minerals announced an amendment to its agreement with Suay Chin International on Tuesday, terminating the right of first refusal over 80% of the spodumene product from the Bougouni Lithium Project in Southern Mali.
Faron Pharmaceuticals extends funding agreement with IPF
(Sharecast News) - Faron Pharmaceuticals announced on Tuesday that it has extended its agreement with lender IPF to ensure continued financial support as it progressed towards securing longer-term funding.
United Oil signs new consultancy deal with Iman Hill
(Sharecast News) - Jamaica and UK-focussed energy company United Oil & Gas announced a new consultancy arrangement with its non-executive director Iman Hill on Tuesday, to support the advancement of its Jamaican project.
Berenberg slightly lowers target price on Marlowe
(Sharecast News) - Analysts at Berenberg slightly lowered their target price on business-critical services and software firm Marlowe from 720.0p to 710.0p on Tuesday but said the group's divestment of certain Governance, Risk and Compliance software and service assets had left it with a "much cleaner and simpler-to-understand equity story".
Deutsche Bank starts coverage of Fevertree, Britvic at 'buy'
(Sharecast News) - Deutsche Bank initiated coverage of drinks companies Fevertree and Britvic on Tuesday with 'buy' rating.
Spain's BBVA approaches rival Sabadell regarding possible merger
(Sharecast News) - Spain's second-largest lender BBVA has expressed its renewed interest in a takeover of its smaller rival Banco Sabadell.
McDonald's delivers mixed Q1 results
(Sharecast News) - Fast food giant McDonald's delivered mixed first-quarter results on Tuesday as restructuring costs weighed on profits.
Eli Lilly hikes sales guidance by $2bn, shares jump
(Sharecast News) - Shares in Eli Lilly jumped on Wall Street on Tuesday after the American pharma giant beat quarterly profit forecasts and hiked its full-year sales guidance by $2bn, helped by surging demand for its weight-loss drug Zepbound.
First-quarter earnings fizz at Coca-Cola
(Sharecast News) - The Coca-Cola Company lifted its annual sales forecast on Tuesday, after first-quarter numbers at the US giant topped expectations.
Wednesday preview: Federal Reserve, Haleon in focus
(Sharecast News) - Investors' focus in the middle of the week will be on the U.S. central bank.
Haleon too shut Maidenhead factory, putting 435 jobs at risk
(Sharecast News) - Haleon, the British healthcare company behind brands like Sensodyne and Panadol, is expected to announce 435 job cuts over the next two years due to plans to shut its Maidenhead manufacturing plant.
Space NK owner said to have hired bankers to sell beauty chain
(Sharecast News) - The owner of Space NK has reportedly picked bankers to handle a sale of the high street beauty chain that is expected to fetch more than £300m.
Barclays in talks to take over Goldman's GM-branded credit cards - report
(Sharecast News) - Barclays is reportedly in talks with US banking giant Goldman Sachs to acquire $2bn in credit card balances from its co-branded credit programme with General Motors.
Telegraph and Spectator put up for sale again
(Sharecast News) - The Telegraph and The Spectator are to be put up for sale again after Abu Dhabi-backed suitor RedBird IMI walked away, it was confirmed on Tuesday.
SysGroup FY revenues grow on strong H2 performance
(Sharecast News) - Data solutions business SysGroup said on Tuesday that revenues had grown in the second half, offsetting a modest H1 decline.
IG Design delivers 'significant growth' in FY profits
(Sharecast News) - Greeting cards manufacturer IG Design said on Tuesday that it had experienced "significant growth" in profit and strong cash flows in the year ended 31 March, ahead of expectations.
Mercedes-Benz Q1 earnings plummet on model transitions, EV slump
(Sharecast News) - German automotive group Mercedes-Benz said on Tuesday that Q1 earnings had plummeted as it was weighed down by model changes and soft demand for electric vehicles.
German economy avoids recession, labour market resilient
(Sharecast News) - The German economy avoided recession in the first quarter of the year, with modest 0.2% growth reported on Tuesday, surpassing analysts' expectations.
Deposits push higher at Metro Bank
(Sharecast News) - Metro Bank saw deposits edge up in the first quarter, the high street lender confirmed on Tuesday.
Howdens hails 'encouraging' start to year as Q1 revenues rise
(Sharecast News) - Trade kitchen and joinery supplier Howden Joinery reported a rise in first-quarter depot revenue on Tuesday as it hailed an "encouraging" start to the year.
Volkswagen retains growth guidance despite Q1 weakness
(Sharecast News) - Volkswagen's share price was in reverse on Tuesday after the German automaker reported a slow start to the year, though the company expressed its confidence in hitting full-year targets with the release of more than 30 new models.
St James's Place net inflows more than halve, FuM grows in Q1
(Sharecast News) - Financial advisory St James's Place said on Tuesday that net inflows had more than halved in Q1 but said funds under management had grown on the back of solid investment returns.
Hargreaves Lansdown sees 'good momentum' in Q3, new client numbers surge
(Sharecast News) - Financial services business Hargreaves Lansdown said on Tuesday that it had seen "good momentum" in Q3, with inflows growing and new customers surging almost threefold throughout the period.
Asian markets drive Q1 revenue growth at Carlsberg
(Sharecast News) - Danish brewing giant Carlsberg on Tuesday announced a DKK1.0bn (£110m) share buyback after a solid start to 2024 with strong growth in Asia and Central and Eastern Europe.
Capital & Regional hikes dividend after year of rental growth
(Sharecast News) - Shopping centre specialist Capital & Regional reported a 5% increase in like-for-like net rental income (NRI) in its full-year results for 2023 on Tuesday, as well as a 2.6% increase in like-for-like valuations compared to the prior year.
Santander sees profits spark on higher interest rates
(Sharecast News) - Banco Santander said on Tuesday that profits jumped in the first quarter, boosted by higher interest rates.
Elementis confident in profit targets after solid Q1
(Sharecast News) - Specialty chemicals company Elementis said it has made a good start to the year despite the absence of a "positive step change" in demand, as it reiterated its confidence in hitting market forecasts in 2024.
Rotork reports another quarter of strong trading
(Sharecast News) - Rotork said in a trading update on Tuesday that first-quarter order intake showed positive growth, up in the low single digits compared to the previous year, on an organic constant currency (OCC) basis.
Card Factory profits jump, dividends reinstated
(Sharecast News) - Card Factory shot higher on Tuesday as it said it was resuming dividend payments and posted a jump in full-year profits.
Northamber acquires Basingstoke-based business
(Sharecast News) - IT solutions and audiovisual products distributor Northamber has acquired Tempura Technology and Tempura Communications following a share purchase agreement that was exchanged and completed on Monday.
Glencore says Q1 copper output falls, but holds guidance
(Sharecast News) - Commodities miner and trader Glencore on Tuesday said first-quarter copper production fell 2% while cobalt output declined 37% due to lower production at its Mutanda mine in Congo.
McBride lifts FY operating profit outlook
(Sharecast News) - McBride upgraded its full-year operating profit outlook on Tuesday following better-than-expected trading in the last two months.
Travis Perkins chair to step down
(Sharecast News) - The chair of Travis Perkins is to step down at the end of next month, the builders merchant announced on Tuesday, just a month after the resignation of its chief executive.
Telecom Plus sees FY profit at upper end of expectations
(Sharecast News) - Telecom Plus said on Tuesday that full-year adjusted pre-tax profit was set to be towards the upper end of market expectations after a record year.
Coca-Cola HBC Q1 revenues beat guidance
(Sharecast News) - Bottler Coca-Cola HBC on Tuesday said first-quarter revenue beat forecasts and reiterated guidance that annual operating profit would grow further on the back of strong demand.
Prudential describes robust first-quarter performance
(Sharecast News) - Prudential described a robust first-quarter performance in an update on Tuesday, with new business profit increasing by 11%, reaching $810m across diverse geographical markets.
Whitbread to cut 1,500 jobs as it doubles down on hotels
(Sharecast News) - Hospitality group Whitbread has announced a £150m share buyback and beefed up its dividend after seeing its bottom line jump by more than a third in the year to 29 February, as it unveiled plans to cut jobs as it turns underperforming restaurants into more hotels.
Eurozone exits recession as Q1 GDP grows 0.3%, inflation holds at 2.4%
(Sharecast News) - There were further signs that the eurozone was starting to turn a corner as inflation held steady at 2.4% and the single currency economy avoided recession in the first quarter of the year.
HSBC chief executive Quinn in shock departure
(Sharecast News) - HSBC group chief executive Noel Quinn said he was retiring after nearly five years in the job, in a shock announcement on Tuesday.
Berenberg raises target price on NatWest
(Sharecast News) - Analysts at Berenberg raised their target price on banking group NatWest from 325.0p to 350.0p on Monday as it said there was "no reason" for it to trade below tangible book value.
Getir gets out as it exits UK, Europe and US markets
(Sharecast News) - Turkey-based grocery delivery app operator Getir is pulling a planned expansion that will see the loss of 1,500 jobs in the UK, as it also exits Europe and the US.
BHP offers $25.7bn settlement for Brazil dam disaster
(Sharecast News) - Mining giant BHP and its Brazilian joint venture partner have submitted a $25.7bn (£20.5bn) settlement for the collapse of a tailings dam in 2015 that killed 19 people and devastated the local community.
Tuesday preview: Euro area CPI, HSBC in the spotlight
(Sharecast News) - Investors' focus on Tuesday will be on a preliminary reading on euro area consumer prices covering the month of April.
UMB Financial to buy Heartland Financial in $2bn deal
(Sharecast News) - UMB Financial Corporation said on Monday that it has agreed to buy rival Heartland Financial USA in a $2bn all-share deal.
Viking expands planned IPO to $1.33bn
(Sharecast News) - Travel company Viking Holdings announced plans on Monday to expand its initial public offering (IPO) in the United States, aiming to raise up to $1.33bn.
German inflation edges up to 2.4% in April
(Sharecast News) - German inflation registered a slight rise in April as food prices rose while energy costs fell less than expected, according to preliminary data published on Monday.
Luxury giant Puig set to raise €2.6bn in Madrid IPO this week
(Sharecast News) - Puig, the Spanish fashion, cosmetics and fragrance conglomerate that's set to list on the Madrid Stock Exchange this week, has set its initial public offering (IPO) price at the top end of the range at €24.50 a share.
Itaconix launches two new ingredients
(Sharecast News) - Plant-based polymer specialist Itaconix announced two new ingredients on Monday, designed to enhance the performance of household detergent formulations.
DP Poland reports robust first quarter of trading
(Sharecast News) - DP Poland, the operator of Domino's pizza stores and restaurants in Poland and Croatia, reported a robust first quarter of trading in Poland on Monday, with double-digit sales growth in both delivery and non-delivery channels.
Tesla teams up with Baidu for assisted driving features in China
(Sharecast News) - Electric vehicle manufacturer Tesla looks set to team up with Beijing-based internet company Baidu in mapping and navigation functions for its advanced assisted driving features in China.
Sondrel achieves tapeout in automotive chip contract
(Sharecast News) - Chip supplier Sondrel announced the successful completion of a significant milestone in its material turnkey ASIC engagement for a tier-one OEM automotive customer on Monday.
Image Scan gets first order for new ThreatScan system
(Sharecast News) - Security and industrial screening specialist Image Scan announced an initial order worth £0.3m from a partner on Monday, for the supply of 'ThreatScan-AS1' portable x-ray systems as part of a framework contract secured by the partner with a European Ministry of Defence organisation.
Barclays downgrades JD Sports on Hibbett acquisition
(Sharecast News) - Barclays downgraded JD Sports on Monday to 'equalweight' from 'overweight' and cut the price target to 140p from 165p after the retailer announced the acquisition of US rival Hibbett last week for $1.1bn.
France proposes acquisition of key assets from Atos
(Sharecast News) - The French government has floated the idea of snapping up key assets from heavily indebted technology firm Atos in an effort to keep the company within the country.
Petrofac delays results, says it may need to convert existing debt to equity
(Sharecast News) - Petrofac tumbled on Monday as it announced a delay to the publication of its full-year results and said it may have to convert a significant proportion of its existing debt to equity.
Philips shares soar on $1.1bn DOJ settlement
(Sharecast News) - Koninklijke Philips, the Dutch healthcare giant, has finally reached a settlement with US regulators over a Respironics product recall back in 2021 worth $1.1bn, causing shares to soar by more than a third on Monday morning.
Biome Technologies shares sink as Q1 sales drop 44%
(Sharecast News) - Shares in AIM-listed Biome Technologies plummeted by almost a third on Monday after the bioplastics and radio frequency technology business reported a poor start to the year with first-quarter sales dropping by 44%.
Zenova inks £2.4m paint supply deal
(Sharecast News) - Fire suppression specialist Zenova Group announced a two-year contract for 200,000 litres of its FP coating on Monday, with Drips and Sparks.
Entain reprices two term loans, revises interest cost outlook
(Sharecast News) - Betting and gambling giant Entain announced the successful repricing of two of its existing 'Term Loan B' loans on Monday, along with the pricing and allocation of fungible add-ons, in a bid to optimise its financial position.
Oxford Biomedica confident as it moves away from vaccine era
(Sharecast News) - Cell and gene therapy contract development and manufacturing organisation (CDMO) Oxford Biomedica reported stability in its core business on Monday, with a small increase in full-year core revenue for 2023, despite a 36% decrease in total revenue to £89.5m.
N Brown chairman Ron McMillan to retire
(Sharecast News) - N Brown said on Monday that chairman Ron McMillan will be retiring and stepping down from the board with effect from 30 April for personal reasons.
McCarthy out, Adshead in as Ultimate Products chair
(Sharecast News) - Ultimate Products, the parent of homeware brands including Salter and Beldray, announced a change in its leadership on Monday, with James 'Jim' McCarthy deciding to step down as non-executive chair from 31 July.
Frasers to repurchase up to 10m shares in new buyback programme
(Sharecast News) - Sports Direct owner Frasers Group launched a new share buyback programme on Monday, with the business set to repurchase up to £80.0m worth of ordinary shares.
Digital 9 to make additional revolving credit facility repayment
(Sharecast News) - Infrastructure company Digital 9 Infrastructure announced a significant step towards strengthening its financial position on Monday, with the receipt of a deferred consideration payment of $25m (£20m) related to the sale of the Verne Global group, as announced on 15 March.
Supermarket Income REIT buys portfolio of Carrefour supermarkets for €75.3m
(Sharecast News) - Supermarket Income REIT said on Monday that it has bought a portfolio of Carrefour supermarkets in France through a sale and leaseback transaction for €75.3m.
Endeavour pours first gold at Senegal mine
(Sharecast News) - Endeavour Mining said it had poured first gold from the Sabodala-Massawa BIOX Expansion project in Senegal on April 18.
Gatemore calls on Elementis to replace CEO
(Sharecast News) - Activist investor Gatemore Capital Management said on Monday that Elementis was an attractive company that has "lost its direction" as it called for the chief executive to be replaced.
Wood Group creates new chief strategy officer role
(Sharecast News) - Consulting and engineering business Wood Group has created a new executive role of chief strategy officer to look after things like sustainability and corporate development.
AstraZeneca makes progress with two breast cancer treatments
(Sharecast News) - AstraZeneca issued favourable updates on two of its breast cancer treatments on Monday - 'Truqap', or capivasertib, and 'Enhertu', or trastuzumab deruxtecan - following encouraging results from respective phase three trials.
Kosmos Energy refinances reserve-based lending facility
(Sharecast News) - Kosmos Energy announced the refinancing of its reserve-based lending (RBL) facility on Monday, with its final maturity now set for December 2029.
Insurer Beazley keeps guidance after solid Q1 premiums growth
(Sharecast News) - Insurance group Beazley said that first-quarter results were in line with guidance with insurance written premiums (IWP) growing at high single digits.
Blackstone ups bid for Hipgnosis with $1.57bn offer
(Sharecast News) - Music rights owner Hipgnosis said it it agreed terms on a $1.57bn (£1.26bn) takeover by private equity investor Blackstone, in the latest tit-for-tat battle with rival Concord.
Aukett Swanke flags delays to some contracts
(Sharecast News) - Smart buildings, architectural and design services specialist Aukett Swanke said in an update on Friday that, as outlined in its recent financial statements, it maintained a robust pipeline of interest, although a number of projects had been pushed back.
Agronomics investee Solar Foods raises EUR 8m
(Sharecast News) - Cellular agriculture investor Agronomics announced on Friday that its portfolio company Solar Foods had raised an additional €8m through Finnish investment organiser Springvest.
Berenberg hikes target price on Greggs
(Sharecast News) - Analysts at Berenberg raised their target price on bakery chain Greggs from 3,550.0p to 3,990.0p on Friday as it noted that customer appeal had broadened as its market share was expanding.
Thousands of UK firms fighting for survival - Begbies Traynor
(Sharecast News) - More than half a million UK business are fighting for survival, according to an industry research published on Friday, weighed down by the weak economy.
Thruvision FY24 adjusted underlying losses widen
(Sharecast News) - Security technology business Thruvision said on Friday that adjusted underlying losses had widened in FY24 as revenues fell.
Shares in CVC jump on market debut
(Sharecast News) - Shares in CVC Capital Partners sparked on Friday, as trading got underway in the European private equity firm.
Proteome Sciences secures contract win with US biopharmaceutical firm
(Sharecast News) - Contract proteomics service Proteome Sciences has secured a contract win from a US biopharmaceutical company using the company's mass spectrometry services for the analysis of samples for an on-going clinical trial.
Loungers FY24 underlying earnings seen ahead of market expectations
(Sharecast News) - Bar and restaurant operator Loungers said on Friday that it had seen continued strong like-for-like sales growth in the 53 weeks ended 21 April and now expects full-year underlying earnings to come in ahead of expectations.
Jefferies hikes Pensionbee target, expects rally to continue
(Sharecast News) - Jefferies has hiked its target price for Pensionbee by more than 60% after first-quarter results came in ahead of expectations, saying the pension provider has a large market opportunity to expand in the US.
Shore Capital rates NatWest a 'buy', but upside limited
(Sharecast News) - Shore Capital has reiterated its 'buy' rating on UK banking group NatWest after a forecast-beating first quarter, but said it sees the least amount of upside potential in the stock compared with the wider banking sector.
Tekcapital's Innovative Eyewear enters deal with New Look Vision
(Sharecast News) - Intellectual property investor Tekcapital announced on Friday that its investee Innovative Eyewear, the developer of ChatGPT-enabled smart eyewear under various brands, was launching its 'Lucyd' smart frames in 10 selected New Look Vision Group stores across Quebec and at New Look's online store.
Record reports solid rise in assets under management
(Sharecast News) - Specialist currency and asset manager Record said in a trading update on Friday that in the 2024 financial year, its assets under management equivalent (AUME) jumped 17% to $102.2bn.
Gym Group enlists Savills to help with site selection
(Sharecast News) - Low-cost gym operator the Gym Group announced on Friday that it has enlisted the expertise of Savills to assist in its site selection process, as it embarked on a strategic expansion plan.
Darktrace agrees to be bought by Thoma Bravo in $5bn deal
(Sharecast News) - Darktrace announced on Friday that the newly-formed Thoma Bravo entity, Luke Bidco, had agreed to acquire it in an all-cash deal.
Sainsbury's kicks off £200m share buyback programme
(Sharecast News) - Sainsbury's kicked off its share buyback programme on Friday, having announced it on 7 February, aiming to repurchase up to £200m of shares by the end of the current financial year.
Carnival concludes private offering, reprices senior notes
(Sharecast News) - Carnival announced on Friday that it has concluded its private offering of €500m in 5.75% senior unsecured notes, due 2030.
TotalEnergies sees income drop on weaker gas prices
(Sharecast News) - French energy major TotalEnergies reported a slide in quarterly income on Friday, after gas prices softened.
Pantheon net asset value expands 0.9pc in March
(Sharecast News) - Pantheon International reported a 0.9% month-on-month improvement in its unaudited net asset value per share in March on Friday, to 488.1p, as its total net asset value stood at £2.3bn.
Brickability Q4 trading impacted by 'lower levels of demand'
(Sharecast News) - Construction materials distributor Brickability said on Friday that its Q4 trading performance continued to reflect "lower levels of demand" for bricks and associated building products seen throughout the first nine months of the year.
Redde Northgate to change name to Zigup
(Sharecast News) - Redde Northgate is seeking approval to change its name to Zigup, the mobility specialist confirmed on Friday.
Senior sales rise as aerospace strength offsets Flexonics weakness
(Sharecast News) - Aerospace and defence components manufacturer Senior said on Friday that trading over the first quarter has been in line with expectations with strong growth in commercial aerospace, as it held on to guidance for the full year.
GCP Infra offloads Blackcraig Wind Farm assets for £31m
(Sharecast News) - GCP Infrastructure Investments announced the successful disposed of its interest in loan notes secured against the Blackcraig Wind Farm in Dumfries and Galloway, Scotland on Friday.
Pearson reports in-line Q1, reiterates full-year guidance
(Sharecast News) - Pearson reported an in-line performance for the first quarter and reiterated its full-year guidance.
Anglo American rejects £31bn BHP offer as 'unattractive' for investors
(Sharecast News) - Anglo American on Friday rejected an "opportunistic" £31bn bid from rival miner BHP, saying it significantly undervalued the company.
Quarterly profits slide at NatWest Group
(Sharecast News) - First-quarter profits fell at NatWest Group, the banking group confirmed on Friday, although the decline was less than expected.
RBC Capital lifts Jet2 price target
(Sharecast News) - RBC Capital Markets lifted its price target on Jet2 on Thursday to 2,000p from 1,950p following the company's trading statement a day earlier.
US pending home sales unexpectedly rise in March
(Sharecast News) - US pending home sales unexpectedly improved in March, according to the National Association of Realtors.
Bristol Myers Squibb to cut 2,200 jobs as part of $1.5bn cost-savings drive
(Sharecast News) - US drugmaker Bristol Myers Squibb on Thursday announced plans to cut its workforce by 6% as part of a $1.5bn cost-savings programme, as it reported better-than-expected results for the first quarter.
Southwest shares sink as airline reports airport exits, Q1 losses
(Sharecast News) - Shares in Southwest Airlines plummeted on Thursday after the carrier announced plans to pull out of four airports to improve its financial performance, as it reported a wider-than-expected loss for the first quarter and trimmed its annual guidance.
Revenue, earnings to fall at Driver Group
(Sharecast News) - Dispute avoidance and resolution consultancy Driver Group said in a trading update on Thursday that it expected to report revenue of £22.5m for its first half, slightly down from £24.2m a year earlier.
Friday preview: US inflation data, NatWest Group in the spotlight
(Sharecast News) - Financial markets' attention at the end of the week would be squarely on the latest inflation data out of the States.
BNP Paribas beats forecasts comfortably with Q1 results
(Sharecast News) - French banking giant BNP Paribas delivered an increase in profits in its first quarter on stable revenues, as it reiterated its guidance for the full year.
Greece's Mytilineos considering secondary listing in London
(Sharecast News) - Greek industrial and energy company Mytilineos said on Thursday that it was considering a potential secondary listing on the London Stock Exchange.
Deutsche Bank Q1 profits boosted by investment banking
(Sharecast News) - Deutsche Bank posted a jump in first-quarter pre-tax profit on Thursday, underpinned by a solid performance from investment banking.
Norman Broadbent net fee income drops in Q1
(Sharecast News) - Professional services firm Norman Broadbent said on Thursday that net fee income had dropped in the three months ended 31 March.
Kromek wins contract with US federal entity
(Sharecast News) - Radiation and bio-detection technology Kromek Group has secured a contract with an unnamed "US federal entity" for the provision of nuclear security products.
Anexo makes Bringloe's CFO appointment permanent
(Sharecast News) - Credit hire and legal services provider Anexo Group has tapped Mark Bringloe to take over as chief financial officer.
Numis cuts Schroders target after Q1 AuM miss
(Sharecast News) - Numis has trimmed its target price for Schroders after first-quarter results from the asset management firm were "a little weaker than expected".
Micron secures $13bn funding package from White House
(Sharecast News) - Micron Technology has secured more than $6bn in direct funding from the US government to help build leading-edge chip factories, it was announced on Thursday.
Vianet recurring revenues, adjusted underlying earnings rise in FY24
(Sharecast News) - Business intelligence provider Vianet Group said on Thursday that recurring revenues and adjusted underlying earnings had improved in the year ended 31 March, with progress within the unattended retail and hospitality divisions being "particularly strong".
Eco Animal Health revenue set to top expectations
(Sharecast News) - Eco Animal Health said in an update on Thursday that, despite initial foreign exchange challenges, its revenue for the year surpassed market expectations, reaching almost £90m, compared to the anticipated £88.7m.
Empire Metals upbeat on lab results from Pitfield Project
(Sharecast News) - Empire Metals unveiled analytical lab results from an initial 18 reverse circulation (RC) drillholes at the Pitfield Project in Western Australia on Thursday.
Derwent agrees sale of Turnmill EC1 for £77.4m
(Sharecast News) - Derwent London said on Thursday that it has exchanged contracts with investment manager Titan Investors for the sale of its 70,300 sq ft freehold interest in Turnmill EC1 for £77.35m.
Puretech Health operating losses narrow in 'landmark year'
(Sharecast News) - Biotechnology company Puretech Health said on Thursday that 2023 had been "a landmark year" for the group, making "strong strategic and clinical progress".
Cordel Group inks trial deal with Asia-Pacific railway
(Sharecast News) - Cordel Group announced a deal with a major national railway in the Asia-Pacific region on Thursday, entailing a 12-week paid trial of its forward-facing video solution (FFV) alongside the provision of LiDAR data to explore other potential applications such as vegetation management and clearance assessments.
First-quarter sales miss forecasts at Nestle
(Sharecast News) - Shares in Nestle came under pressure on Thursday, after the Swiss food giant missed first-quarter sales estimates.
Renewi on track to meet full-year expectations
(Sharecast News) - Recycling specialist Renewi reiterated full-year guidance on Thursday, following "strong" performances in a number of divisions.
Petro Matad still working to secure Mongolia approvals
(Sharecast News) - Mongolia-focussed oil company Petro Matad said in an update on Thursday that it was actively engaged with local government agencies to secure the necessary approvals from Matad District to kickstart its 2024 operational programme.
Moonpig tumbles after discounted share placing
(Sharecast News) - Moonpig tumbled on Thursday after a number of shareholders placed around 25m shares in the company at 160p each, which is a discount of just under 10% to the closing price a day earlier.
Senior wins five-year contract with Spirit AeroSystems
(Sharecast News) - Engineering and manufacturing business Senior has secured a contract extension with Spirit AeroSystems for the supply of large diameter precision formed and machined structural components for Boeing aircraft programmes.
Eurowag trading as expected as net revenue jumps
(Sharecast News) - Commercial road transportation payments and mobility technology company WAG Payment Solutions reported a robust performance in the March quarter on Thursday, with net revenue jumping 31% to €68.4m, driven by sustained organic growth and contributions from the Inelo acquisition.
Relx reaffirms outlook after solid start to year
(Sharecast News) - Business information and analytics specialist Relx reaffirmed its full-year outlook in an update on Thursday, alongside a strong start to the year across all four business areas, driven by an ongoing shift towards higher-growth analytics and decision tools.
Wizz Air delivers optimistic outlook as summer trading starts well
(Sharecast News) - Budget airline Wizz Air has said that it is "trading positively" into the summer with operating margins expected to improve this year, as it reported that annual profits for the year ended 31 March would be in line with previous guidance.
Drax describes strong first quarter performance
(Sharecast News) - Drax Group reported strong system support and generation performance in a first-quarter update on Thursday, with its expectations for full-year adjusted EBITDA remaining in line with analysts' consensus estimates.
Indivior reports first-quarter growth, confirms plans to shift main listing
(Sharecast News) - Addiction treatment specialist Indivior reported double-digit net revenue growth for the first quarter on Thursday, with total net revenue rising 12% year-on-year to $284m, as it confirmed its intention to shift its primary listing to the United States.
AstraZeneca blows past analysts' estimates for Q1
(Sharecast News) - AstraZeneca posted better-than-expected revenues and profit for the first quarter of 2024 with both the company and analysts highlighting its drug pipeline.
Weir Group performs as expected in first quarter
(Sharecast News) - Weir Group said in a trading update on Thursday that order progression in its first quarter matched expectations as it maintained its guidance for the year.
Inchcape shares spike on higher Q1 revenues
(Sharecast News) - Shares in Inchcape surged on Thursday as the car dealer reiterated its annual outlook after a 5% rise in first-quarter revenues.
React H1 revenues grow, EBITDA surges
(Sharecast News) - Cleaning firm React Group said on Thursday that revenues and profits had both grown in the six months ended 31 March.
Schroders first-quarter AuM tick higher
(Sharecast News) - Schroders reported an uptick in first-quarter assets under management on Thursday.
Hikma delivers strong Q1, holds on to guidance
(Sharecast News) - Pharmaceuticals group Hikma said it has made a "strong and encouraging start" to 2024, with all three business segments performing well, as it held on to guidance for the year.
Travis Perkins Q1 revenues fall 3.7% on weak building sector demand
(Sharecast News) - Building products supplier Travis Perkins said first quarter revenue fell 3.7% as weak demand in the construction sector continued to impact trading.
Ibstock Q1 sales fall short amid 'challenging' trading conditions
(Sharecast News) - Building products manufacturer Ibstock said on Thursday that sales volumes in the first quarter were lower than expected as activity in residential markets remained subdued.
Persimmon on track after 'encouraging' trading in Q1
(Sharecast News) - UK housebuilder Persimmon saw a 10% drop in new home completions in the first quarter, but said it experienced an improvement in sales rates and "firm pricing".
WPP Q1 revenues fall 1.4%; Guidance held
(Sharecast News) - UK advertising agency WPP on Thursday said revenues fell 1.4% as it lost a healthcare client and spending by technology companies was cut back.
LSE Group reports solid start to financial year
(Sharecast News) - London Stock Exchange Group reported a a strong start to the year in a trading update on Thursday, with solid first-quarter performance across its business divisions.
WH Smith on track for full year after 'good' first half
(Sharecast News) - WH Smith said on Thursday that it was on track to deliver on expectations for the year after a "good" first half.
Unilever reiterates guidance after solid first quarter
(Sharecast News) - Consumer products giant Unilever maintained its full-year guidance after a solid first quarter, which saw all five business divisions contributing to underlying sales growth.
Sainsburys sees strong profit growth this year on food pivot
(Sharecast News) - UK supermarket chain Sainsbury's said it expected to grow profits by 5-10% this year after delivering better-than-expected earnings for 2023/24.
PPHE revenue rises as hotel markets normalise
(Sharecast News) - PPHE Hotel Group reported first-quarter revenue of £77m in an update on Thursday, marking an impressive 11.9% year-on-year increase.
Barclays Q1 profits fall 12% as mortgage demand subdued
(Sharecast News) - Barclays Bank reported a 12% fall in first-quarter profit on lower income as customers shopped around for better savings rates and mortgage deals.
Anglo American surges on £31bn takeover bid from BHP
(Sharecast News) - Anglo American surged on Thursday after it received an unsolicited non-binding and highly conditional £31.1bn all-share takeover proposal from Australia's BHP Group - a deal that would create the world's largest miner and copper producer.
Ondine reports significant financial growth
(Sharecast News) - Ondine Biomedical reported significant growth in a trading update on Wednesday, with revenues doubling to $1.2m in 2023, driven by expanded hospital deployments of 'Steriwave'.
Allfunds shares fall after report sale plans shelved
(Sharecast News) - Shares in Allfunds Group fell sharply on Wednesday on a report the European fund distribution platform had abandoned talks on a potential sale.
ActiveOps flags decent full-year revenue growth
(Sharecast News) - Decision intelligence software specialist ActiveOps said in an update on Wednesday that it anticipated group revenue to reach about £26.8m for the financial year just ended, marking a 5% increase from the prior year.
MyCelx reports decent progress across business
(Sharecast News) - Clean water and air technology specialist MyCelx Technologies said in an update on Wednesday that, following the successful sale of its Saudi Arabian business operations in the first quarter, it had redirected internal resources towards advancing its marketing and sales plan for its technologies in the PFAS remediation and enhanced oil recovery (EOR) markets.
Supreme flags record full-year financial performance
(Sharecast News) - Consumer goods specialist Supreme announced a record financial performance for the year ended 31 March in a trading update on Wednesday.
SpaceandPeople renews ECE deal for five years
(Sharecast News) - SpaceandPeople announced the renewal of the agreement between its German subsidiary POP Retail and GB Service, trading as ECE, on Wednesday.
Concurrent Technologies wins $1.57m contract with US client
(Sharecast News) - Concurrent Technologies announced a $1.57m contract with a major global US prime contractor on Wednesday, for the supply of commercial-off-the-shelf (COTS) products and testing services as part of the contractor's technology upgrade programme.
Angle inks deal with AstraZeneca
(Sharecast News) - Liquid biopsy specialist Angle announced a supplier agreement with AstraZeneca on Wednesday to develop and validate a methodology using Angle's existing DNA damage response (DDR) assay for the detection of micronuclei in circulating tumour cells (CTCs) as a measure of DDR.
PetroTal announces senior leadership changes
(Sharecast News) - PetroTal announced updates to its leadership team on Wednesday, with Camilo McAllister appointed as its new executive vice-president and chief financial officer.
Tracsis confident despite weaker first half performance
(Sharecast News) - Transport technology provider Tracsis reported first-half revenue of £36.6m on Wednesday, reflecting a decrease of 6.7% year-on-year.
Griffin Mining subsidiary adds wind energy to Caijiaying Mine
(Sharecast News) - Griffin Mining announced a significant milestone in its sustainability strategy on Wednesday, as its subsidiary Hebei Hua Ao Mining Industry Company (HHA), inked an agreement with Zhangjiakou Guoao New Energy (ZGNE) to exclusively use energy generated from two 6.3MW wind turbines, collectively generating 12.6MW of wind power, at the Caijiaying Mine.
Serica Energy revenue, earnings fall in full-year results
(Sharecast News) - Serica Energy reported a shift in average realised sales prices in its final results on Wednesday, with post-hedging prices averaging around $63 per barrel of oil equivalent for 2023, a decrease from $104 in 2022.
Morgan Advanced Materials lays out growth plans
(Sharecast News) - Morgan Advanced Materials updated the market on its financial goals on Wednesday, as it aimed to surpass organic revenue growth rates through a combination of organic expansion, strategic mergers and acquisitions, and shareholder value creation.
More than 3,000 jobs at risk at Casino
(Sharecast News) - Beleaguered French retailer Casino Guichard-Perrachon is to cut up to 3,200 jobs as part of wide-reaching overhaul.
Thursday preview: US Q1 GDP, Barclays in focus
(Sharecast News) - Investors' attention on Thursday will be on a first reading for U.S. gross domestic product growth during the first quarter.
Canaccord Genuity raises target price on Star Energy
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on oil and gas extraction firm Star Energy from 55.0p to 66.0p on Wednesday, taking account of new commodity assumptions.
Berenberg ups target price on Microlise following FY results
(Sharecast News) - Over at Berenberg, analysts hiked their target price on software firm Microlise Group from 170.0p to 210.0p on Wednesday after the company published its in-line full-year results earlier in the month.
Filtronic shares rocket after inking SpaceX partnership
(Sharecast News) - Filtronic's shares rocketed after announcing that it had entered into a supply agreement with SpaceX.
Gear4music trades in line, gross margins and profitability improves
(Sharecast News) - Music instruments retailer Gear4music said on Wednesday that its full-year performance was in line with market expectations, having delivered both gross margin and profitability improvements.
Apax Global Alpha to invest €8m in IANS
(Sharecast News) - Investment firm Apax Global Alpha said on Wednesday that it intends to invest roughly €8.0m in order to acquire research and advisory services business IANS.
Nichols Q1 revenues fall as international sales drop
(Sharecast News) - Soft drinks group Nichols has held on to full-year forecasts despite a mixed performance in the first quarter which saw group revenues fall nearly 6%.
Warpaint hails record full-year profits and sales
(Sharecast News) - Warpaint - the owner of the W7 and Technic brands - hailed record full-year sales and profits on Wednesday following "significant" growth in all its geographic regions.
Breedon Q1 revenues drop amid macro uncertainty, wet weather
(Sharecast News) - Construction material group Breedon said on Wednesday that trading had been impacted by wet weather conditions throughout the first three months of the year, leading to a fall in quarterly revenues.
Heineken sees volumes jump, maintains cautious tone
(Sharecast News) - Heineken posted a rise in quarterly revenues and volumes on Wednesday, despite a "challenging and uncertain" economic outlook.
GSK's endometrial cancer drug receives FDA approval
(Sharecast News) - Drugmaker GSK said on Wednesday that the US Food and Drug Administration has accepted a supplemental Biologics License Application for Jemperli, its drug aimed at treating endometrial cancer.
Quilter hails rising market sentiment in Q1 as inflows surge
(Sharecast News) - Wealth management firm Quilter saw shares rise on Wednesday after reporting that improving equity markets drove a strong performance in the first quarter.
Mitie slumps as Alchemy sells 40m shares in placing
(Sharecast News) - Mitie shares slumped on Wednesday after investment fund Alchemy sold 40m shares in the outsourcing and energy services company in a placing.
Abrdn AUM rises 3% in first quarter as flows rebound
(Sharecast News) - Investment manager Abrdn recorded net inflows of £800m in the first quarter of the year, driven by stronger markets.
Jet2 summer bookings rise, warns of more competitive pricing
(Sharecast News) - Package holidays provider Jet2 warned on Wednesday that pricing had become more competitive in recent months but said summer bookings had grown year-on-year.
Fresnillo retains guidance despite drop in Q1 output
(Sharecast News) - Shares in silver miner Fresnillo dipped on Wednesday after the company reported a drop in both gold and silver output over the first three months of the year.
Aviva targets £100m operating profit from health by 2026
(Sharecast News) - UK insurer Aviva said it aimed to deliver £100m of health operating profit by 2026.
Croda backs FY profit guidance even as Q1 sales decline
(Sharecast News) - Croda backed its full-year profit guidance on Wednesday despite a decline in first-quarter sales, as it hailed an "encouraging" start to the year for the consumer care business.
Passenger numbers soar at Heathrow
(Sharecast News) - Heathrow posted an historic surge in passenger numbers on Wednesday, but warned that current government policies were "curtailing" the UK's competitiveness.
Haleon nabs finance chief from Tate & Lyle as CFO steps down
(Sharecast News) - The chief financial officer of consumer health company Haleon is to step down after three years and will be replaced by Tate & Lyle's CFO Dawn Allen.
PZ Cussons to sell St Tropez tanning brand, evaluate Africa options
(Sharecast News) - PZ Cussons said on Wednesday that it was planning to sell the St Tropez tanning brand and is reviewing its operations in Africa, as it backed its profit outlook for 2024.
Bunzl Q1 revenues fall on weaker US volumes, customer destocking
(Sharecast News) - International distribution and services group Bunzl said revenue in the first quarter fell 2.4% on a constant currency basis, driven by lower volumes in its US foodservice redistribution business, American retail customers clearing inventory and deflation.
Reckitt on track to deliver FY targets as Q1 LFL sales rise
(Sharecast News) - Consumer goods giant Reckitt Benckiser said on Wednesday that it was on track to deliver its full-year revenue and profit targets as it posted a rise in first-quarter like-for-like net sales.
Hochschild reports solid production progress in first quarter
(Sharecast News) - Precious metals miner Hochschild Mining said in an update on Wednesday that it extracted 45,937 ounces of gold and two million ounces of silver in its first quarter, totaling 69,758 gold equivalent ounces and 5.8 million silver equivalent ounces.
Lloyds Bank holds guidance as Q1 profit falls 28% on margin squeeze
(Sharecast News) - Lloyds Bank held annual guidance despite a 28% fall in first-quarter profits due to lower net interest income and higher operating expenses, as competition for mortgages and savings squeezed margins.
Tesla announces plans to cut 400 jobs in Germany
(Sharecast News) - Tesla is set to trim around 400 positions at its German gigafactory near Berlin, it emerged on Tuesday, accounting for 3% of the factory's total workforce.
UPS tops Q1 profit forecasts but misses on revenue
(Sharecast News) - American transport and logistics giant United Parcel Service saw shares rise on Tuesday after quarterly profits beat analysts' forecasts, even though revenues fell more than expected.
Getir investors said to fund European exit with new cash injection
(Sharecast News) - Investors in grocery delivery app Getir, which at one point attained a valuation of almost £10bn, are reportedly set to inject yet more money into the company to fund its exit from the UK and Europe.
Bushveld updates Vametco mineral resources
(Sharecast News) - Bushveld Minerals updated the market on mineral resources and reserves for the Vametco vanadium mine near Brits on the Western Limb of the Bushveld Complex on Tuesday.
Power Metal Resources completes Molopo drillhole
(Sharecast News) - Power Metal Resources announced the completion of drillhole DDH1-14C at its Molopo Farms Complex project in southwestern Botswana on Tuesday.
GM lifts full-year outlook after strong Q1
(Sharecast News) - US auto giant General Motors on Tuesday lifted its profit and cash flow guidance for the full year after a strong first quarter in which it beat market forecasts.
Itim Group secures additional services contract with The Entertainer
(Sharecast News) - Software-as-a-service technology company Itim Group has inked an additional professional services contract with toy retailer The Entertainer.
PepsiCo Q1 profit boosted by international performance
(Sharecast News) - US soft drinks and snack firm PepsiCo reported a rise in first-quarter earnings and sales on Tuesday, underpinned by a strong international performance.
Baron Oil replaces chairman
(Sharecast News) - Exploration firm Baron Oil said on Tuesday the chairman John Wakefield has stepped down from the board as it made a series of changes to its governing structure.
Spotify Q1 revenues rise, but user numbers miss estimates
(Sharecast News) - Music streaming service Spotify missed its own active user estimates in the first quarter but reported a 20% rise in revenue.
Getech wins new contract with East Star
(Sharecast News) - Subsurface resources location company Getech has won a new contract with Kazakhstan-focussed copper exploration business East Star Resources.
Wednesday preview: US corporate results, Lloyds in the spotlight
(Sharecast News) - The market spotlight on Wednesday will be firmly on the U.S., as the latest quarterly results from the country's tech heavyweights continue to roll in.
RBC cuts Watches of Switzerland estimates on tough market dynamics
(Sharecast News) - RBC Capital Markets has slashed its target price for Watches of Switzerland Group ahead of its full-year trading update next month, projecting a "tough" luxury watch market.
88 Energy raising AUD 9.8m to strengthen balance sheet
(Sharecast News) - 88 Energy announced its intention to raise up to AUD 9.8m (£5.23m) on Tuesday, to strengthen its balance sheet and provide capital for ongoing projects.
Expanded use of Cosentyx drug sees Novartis raise expectations
(Sharecast News) - Swiss pharmaceutical giant Novartis raised its full-year guidance Tuesday after beating expectations in its first quarter.
RWS Holdings flags fall in first-half revenue
(Sharecast News) - Language, content and intellectual property technology firm RWS Holdings reported a 2% decline in organic constant currency revenue in a first-half trading update on Tuesday, showing an improving trend compared to the prior year.
Jefferies upgrades Reckitt Benckiser to 'hold'
(Sharecast News) - Jefferies upgraded Reckitt Benckiser to 'hold' from 'underperform' on Tuesday and lifted the price target to 4,400p from 4,100p.
AB Dynamics reports solid first-half growth
(Sharecast News) - Transport testing, simulation and measurement specialist AB Dynamics reported an 8% increase in first-half revenue on Tuesday, to £52.3m.
Renault's Q1 revenues held back by FX movements
(Sharecast News) - French carmaker Renault beat forecasts with its first-quarter results, though shares fell as sales from the automotive division were held back by currency movements.
Watkin Jones names new CFO
(Sharecast News) - Build-to-rent specialist Watkin Jones said on Tuesday that the underlying operating residential rental market "continues to perform well" throughout H1 and named a new chief financial officer.
Accesso launches ticketing suite in UK market
(Sharecast News) - Accesso Technology Group launched its 'Accesso ShoWare' software-as-a-service (SaaS) ticketing suite to the UK market on Tuesday.
Ferrexpo production levels surge in Q1
(Sharecast News) - Iron ore pellets producer Ferrexpo said on Tuesday that production levels had significantly increased during the three months ended 31 March despite experiencing more conscriptions from its workforce throughout the quarter.
Shoppers clamber for deals as grocery inflation slows further
(Sharecast News) - UK households collectively saved £1.3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.
Eurozone business activity grows at fastest rate for a nearly a year
(Sharecast News) - Business activity in the eurozone grew at the fastest pace for nearly a year in April, according to preliminary data released on Tuesday.
Molten Ventures describes resilient full-year performance
(Sharecast News) - Technology-focussed venture capital firm Molten Ventures reported a resilient portfolio performance in a full-year trading update on Tuesday, with the gross portfolio value (GPV) expected to reach £1.377bn.
Videndum revenue, earnings fall in challenging year for entertainment
(Sharecast News) - Content creation hardware and software company Videndum reported a challenging 2023 on Tuesday, impacted by writer and actor strikes in the US and a difficult macroeconomic environment, and destocking.
GB Group makes 'strong finish' to FY24
(Sharecast News) - Software firm GB Group said on Tuesday that it had made a "strong finish to the year", with adjusted operating profits coming in above expectations.
Citi remains 'overweight' UK banks; HSBC and Barclays 'top picks'
(Sharecast News) - Citi said on Tuesday that it remains 'overweight' UK banks, with HSBC and Barclays its top picks, but Standard Chartered its least preferred.
Alphawave IP meets reduced guidance with 2023 results
(Sharecast News) - Connectivity solutions group Alphawave IP has said that trading has got off to a good start in 2024 as it delivered full-year results in line with recently reduced guidance following a profit warning last week.
THG hails 'standout' Beauty performance as Q1 revenues rise
(Sharecast News) - THG posted a jump in first-quarter revenue on Tuesday as it hailed a "standout" performance in the beauty business.
Jupiter falls as clients pull £1.6bn in Q1
(Sharecast News) - Jupiter Fund Management shares fell on Tuesday as the investment firm saw net outflows of £1.6bn during the first quarter.
Taylor Wimpey hails 'good start' to 2024 as market stabilises
(Sharecast News) - UK housebuilder Taylor Wimpey said it has made a solid start to the year with the market continuing to stabilise, with good levels of visitors to selling sites.
Copper production rises but diamond output falls at Anglo American
(Sharecast News) - Anglo American reported relatively flat group production in the first quarter on Tuesday as rising copper production was offset by sliding diamond output.
AB Foods lifts FY outlook as interim profits jump
(Sharecast News) - Primark owner Associated British Foods posted a jump in interim profit and revenue on Tuesday as it lifted its full-year profit outlook.
JD Sports buys US-based Hibbett for $1.08bn
(Sharecast News) - JD Sports Fashion on Tuesday said it was buying US sports fashion retailer Hibbett for $1.08bn (£878m).
UK private sector output expands, cost pressures loom
(Sharecast News) - Britain's private sector saw robust expansion in April, according to fresh data on Tuesday, marking the sixth consecutive month of growth.
CoStar to buy Matterport in $1.6bn deal
(Sharecast News) - CoStar, a US provider of online real estate marketplaces, information and analytics in the property markets, said on Monday that it has agreed to buy Matterport in a $1.6bn deal.
Revenue up, adjusted earnings down for Lok'nStore
(Sharecast News) - Self-storage operator Lok'nStore Group reported a 4.3% increase in revenue in its interim results on Monday, to £14.17m, with headline self-storage revenue rising 4.9% to £13.33m.
Elixirr International posts solid set of final results
(Sharecast News) - Challenger consultancy Elixirr International reported a solid financial upswing in its final results on Monday, with revenue up 20% year-on-year at £85.9m.
Redwheel calls for regulator to scale back Royal Mail delivery requirements
(Sharecast News) - Royal Mail owner International Distributions Services' third-largest shareholder said the company was "vulnerable to corporate predators" as a result of obligations requiring it to deliver letters six days a week.
Jefferies upgrades M&S, Next and Sainsbury's to 'buy'
(Sharecast News) - Jefferies upgraded its stance on a host of UK retail stocks on Monday.
BAE, QinetiQ could benefit from $95bn US aid package, says JPMorgan
(Sharecast News) - UK-listed defence peers BAE Systems and QinetiQ could both benefit from the recent passing of a $95.3bn US aid package to Ukraine, Israel and Indo-Pacific partners.
Tuesday preview: Global PMIs, Jupiter Fund Management in focus
(Sharecast News) - Financial markets' attention on Tuesday will be trained on a raft of purchasing managers surveys due out covering manufacturing and services sector activity in the euro area, UK and U.S..
Alliance Pharma delays preliminary results
(Sharecast News) - International healthcare group Alliance Pharma announced the postponement of its preliminary results for the year ended 31 December on Monday.
Ocado shareholders reportedly pushing for move to NYSE
(Sharecast News) - Ocado shareholders are pushing for a potential shift from its London listing to the New York Stock Exchange, it emerged over the weekend.
PayPoint considers buyback after strong full year
(Sharecast News) - PayPoint said on Monday that it was mulling a potential share buyback after a strong full-year performance.
Asda underlying profit jumps 24% in 2023
(Sharecast News) - Asda reported a jump in full-year underlying profit and sales on Monday as it continued to lower prices.
Gem Diamonds recovers 169-carat white diamond in Lesotho
(Sharecast News) - Gem Diamonds announced the retrieval of a notable 169.15-carat type II white diamond from its Letšeng mine in Lesotho on Monday.
Galp shares surge on news from Namibia's Mopane field
(Sharecast News) - Shares in Portuguese oil company Galp Energia popped on Monday, after it announced completion of the initial exploration phase in the Mopane field, offshore Namibia, revealing the potential presence of a substantial oil reserve of at least 10 billion barrels.
Helical reports progress across its portfolio
(Sharecast News) - Helical updated the market on its trading from 8 January to 19 April on Monday, reporting a series of developments across its portfolio.
Anglo American to oppose any Kabwe claim appeal
(Sharecast News) - Anglo American said in an update on Monday that it would oppose any appeal related to the Kabwe claim, which it considers "misconceived".
Hornby losses weaken as margins take a hit
(Sharecast News) - Models and collectibles group Hornby said in an update on Monday that its underlying losses before tax had weakened in the second half of its financial year, as sales remained broadly stable and its margins took a hit.
Thames Water looks to hike consumer bills by as much as 44%
(Sharecast News) - Heavily indebted utility provider Thames Water will look to convince industry regulator Ofwat to allow it to hike consumer bills by as much as 44% over the next five years.
Cerillion flags strong first-half revenue, earnings performance
(Sharecast News) - Billing, charging and customer relationship management (CRM) software specialist Cerillion said in an update on Monday that its first-half results were expected to reach new heights in terms of revenue and adjusted EBITDA.
Chill Brands suspends CEO amid inside-information allegations
(Sharecast News) - Shares in Chill Brands tanked on Monday morning after the vape maker announced it had suspended its chief executive pending the results of an investigation into the use of inside information.
Frasers Group stops FRC from publishing key findings of review - report
(Sharecast News) - Mike Ashley's Frasers Group has reportedly refused to allow the Financial Reporting Council to publish the key findings of a review into the retail group's latest annual report.
Hipgnosis shares spike again as Blackstone enters fray
(Sharecast News) - Shares in Hipgnosis Songs Fund spiked again on Monday when private equity outfit Blackstone made a potential $1.5bn offer to buy the troubled music rights investor, setting up a bidding war with Concord Chorus.
RBC Capital cuts Dr Martens price target after profit warning
(Sharecast News) - RBC Capital Markets cut its price target on Dr Martens on Monday to 65p from 85p as it reduced estimates following the bootmaker's FY25 guidance.
Takeover talks between Salesforce and Informatica fall through - report
(Sharecast News) - Takeover talks between enterprise tech giant Salesforce and smaller sector peer Infomatica have fallen through, according to reports, after the software companies failed to agree on a price.
No compelling case to own Diageo right now, says Citi
(Sharecast News) - Diageo's stock was underperforming the wider market on Monday, with comments from Citi likely weighing on sentiment after the bank said it doesn't see upside despite a big drop in the shares over the past year.
eEnergy clinches contract with Spire Healthcare
(Sharecast News) - Net zero energy services provider eEnergy clinched a deal with Spire Healthcare Group for the provision of photovoltaic systems across 38 sites.
Mobico profits fall despite revenue growth
(Sharecast News) - Mobico Group reported a fall in profit in its 2023 results on Monday, below the expectations it set at the start of the financial year, despite continued revenue growth.
Quanex to buy Tyman in £788m deal
(Sharecast News) - Tyman said on Monday that it has agreed to be bought by US metal window and door manufacturer Quanex in a £788m cash and stock deal.
JTC buy JP Morgan Chase unit for $21m
(Sharecast News) - Global professional services business JTC said it had bought JP Morgan Chase subsidiary First Republic Trust Company of Delaware for $21m.
Angle granted European patent for CellKeep, US patent imminent
(Sharecast News) - Liquid biopsy specialist Angle announced on Monday that it has received a European patent for its 'CellKeep' slide, as it anticipated the imminent grant of an equivalent US patent application.
HSBC-backed Monese said to be planning breakup
(Sharecast News) - HSBC-backed technology company Monese - which was in talks to raise funding at a valuation of over £1bn four years ago - is reportedly set to break itself up amid mounting losses.
Billionaire Issa nearing deal to sell Asda stake to TDR Capital - report
(Sharecast News) - US private equity firm TDR Capital is reportedly closing in on a deal to buy petrol station billionaire Zuber Issa's stake in supermarket chain Asda.
Billionaire Issa nearing deal to sell Asda stake to TDR Capital
(Sharecast News) - Private equity firm TDR Capital is reportedly closing in on a deal to buy petrol station billionaire Zuber Issa's stake in supermarket chain Asda.
DS Smith tumbles as Mondi abandons pursuit
(Sharecast News) - DS Smith tanked on Friday after Mondi said it would not be making an offer for the rival packaging group, clearing the path for a takeover by International Paper.
Eqtec agrees amendment to Verde subscription
(Sharecast News) - Waste-to-energy technology developer Eqtec updated the market on the Verde Corporation subscription on Friday, confirming that an amendment to the subscription letter had been agreed upon with Verde.
Intelligent Ultrasound tech launches on new GE system
(Sharecast News) - Healthcare software and simulation specialist Intelligent Ultrasound Group announced the launch of GE HealthCare's SonoLyst software, powered by its 'ScanNav AI', on the new Voluson Signature Series portfolio of ultrasound machines on Friday.
Novacyt gearing up for hearing in DHSC litigation
(Sharecast News) - Molecular diagnostics specialist Novacyt updated the market on legal proceedings between itself and its subsidiary Primer Design against the Department of Health and Social Care (DHSC) on Friday.
Venture Life renews revolving credit facility
(Sharecast News) - Self-care products specialist Venture Life Group announced the renewal of its revolving credit facility with Santander UK and HSBC Innovation Bank on Friday.
Schneider Electric in talks to take over Bentley Systems
(Sharecast News) - French industrial energy giant Schneider Electric on Friday announced that it was in discussions to take over US-listed software firm Bentley Systems in a deal that could be worth nearly $16bn.
Shanta Gold's acquisition by Saturn moves a step closer
(Sharecast News) - Shanta Gold updated the market on the recommended increased and final cash offer by Saturn Resources for its entire issued and to-be-issued share capital on Friday.
Thames Water plans to raise bills by 56pc - reports
(Sharecast News) - Thames Water has submitted a revised business plan to regulators, proposing an increase in bills of 56%, it was reported on Friday.
Bluejay to broaden into helium and industrial gases
(Sharecast News) - Bluejay Mining announced a strategic decision to broaden its corporate scope, expanding into the exploration and development of helium, industrial gases, and hydrocarbons, on Friday.
Man Group's Q1 miss was temporary "roadbump", says Jefferies
(Sharecast News) - Shares in Man Group dropped on Friday after the investment management firm reported unexpected net outflows in the first quarter, but that didn't deter Jefferies from reiterating its 'buy' rating for the stock.
Vector Capital reports robust year-end financial position
(Sharecast News) - Commercial lender Vector Capital reported continued growth in shareholders' equity while maintaining dividends and implementing prudent bad debt provision policies in its full-year results on Friday.
Quadrise posts progress with Utah partner Valkor
(Sharecast News) - Quadrise updated the market on its collaboration with Valkor Technologies in Utah on Friday, targeting the supply of low sulphur 'MSAR' and 'bioMSAR' to the marine and power sector.
Clean Power Hydrogen reports solid full-year progress
(Sharecast News) - UK-based green hydrogen technology company Clean Power Hydrogen (CPH2) reported solid progress towards the commercial rollout of its membrane-free electrolyser (MFE) technology in its final results on Friday, driven by a revamped engineering team.
Diesel generators arrive for Goldplat's South Africa operations
(Sharecast News) - South Africa and Ghana-focussed Goldplat announced the arrival of diesel generators at its South African operations on Friday.
Numis downgrades DS Smith to 'hold'
(Sharecast News) - Numis downgraded its stance on packaging group DS Smith on Friday to 'hold' from 'buy' as it said there was insufficient upside to retain a buy rating.
888 beats its own guidance with solid Q1 revenues
(Sharecast News) - Shares in gambling group 888 Holdings rose on Friday after the company delivered first-quarter revenues ahead of guidance and reiterated its confidence in hitting full-year targets.
Old Mutual gets green light from South African Prudential Authority to set up bank
(Sharecast News) - Old Mutual clinched approval from the Prudential Authority to set up a bank subject to specific licence conditions.
Man Group misses forecasts with Q1 assets under management
(Sharecast News) - Investment management firm Man Group reported an improvement in assets under manager in the first quarter, according to a trading update released on Friday, but net outflows during the period caught investors by surprise, causing shares to drop sharply.
Woodside Energy posts decline in Q1 production
(Sharecast News) - Woodside Energy reported a 7% quarter-on-quarter decline in output to 44.9 million barrels of oil equivalent per day over the three days ending in March.
Home REIT exchanges 65 properties, rebuts legal claim from shareholders
(Sharecast News) - Home REIT announced the successful exchange of 65 properties on Friday, at a public auction held on 18 April.
Danone beats forecasts with solid Q1 sales growth
(Sharecast News) - French food manufacturer Danone said it made a "good start" to the year, with first-quarter sales rising on the back of broad-based growth amid a challenging environment.
Tesla lays off 285 workers in Buffalo as job cuts continue
(Sharecast News) - Electric carmaker Tesla is to lay off 14% of its staff across two plants in New York, the company said in a regulatory filing on Thursday, following large-scale job cuts announced earlier in the week.
Blackstone first-quarter earnings narrowly beat forecasts
(Sharecast News) - Blackstone, the world's largest private equity firm, reported marginally better than expected first-quarter earnings on Thursday.
Friday preview: Geopolitics, UK retail sales in focus
(Sharecast News) - Investors' focus at the weekend will be squarely on geopolitics.
TSMC forecasts jump in second-quarter sales
(Sharecast News) - Taiwan Semiconductor Manufacturing Co said on Thursday it expects sales to jump in the second quarter on strong demand.
Empire Metals completes third phase of drilling at Pitfield
(Sharecast News) - Empire Metals announced the successful conclusion of its third phase of reverse circulation (RC) drilling at the Pitfield Project in Western Australia on Thursday.
Lendinvest makes 'good progress' against strategic objectives in H2
(Sharecast News) - Mortgage platform operator Lendinvest said on Thursday that it made "good progress" against its strategic objectives in the second half of the trading year.
Deliveroo still a 'sell' despite solid Q1, says Shore Capital
(Sharecast News) - Food delivery platform Deliveroo impressed the market with forecast-beating first-quarter numbers on Thursday, but they weren't enough for Shore Capital to change its 'sell' rating on the stock.
Great Western Mining exercises option to acquire Olympic Gold Project
(Sharecast News) - Great Western Mining has exercised its option to acquire the Olympic Gold Project in Nevada's Mineral County, it announced on Thursday.
Anglesey Mining names new CEO
(Sharecast News) - North Wales-focussed miner Anglesey Mining has appointed Robert Marsden to the role of chief executive officer.
Manolete returns to profit as completion volumes run at record highs
(Sharecast News) - Insolvency litigator Manolete Partners said on Thursday that it has seen "strong momentum" and a return to profit through a combination of new case investment and case completion volumes running at record highs and an increasing bias towards larger cases.
Loungers steams ahead with 'rapid site rollout'
(Sharecast News) - Cafe-bar and restaurant chain operator Loungers has continued its "rapid site rollout", with an opening every 10 days so far this year.
Norway wealth fund backs NatWest plan to buy back more govt stock
(Sharecast News) - Norway's sovereign wealth fund said it would vote in favour of a proposal letting UK bank NatWest buy back more of its stock from the British government.
Foxtons hails strong start to year as sales market improves
(Sharecast News) - Foxtons hailed a strong start to the year on Thursday as the sales market improved and the London estate agent grew its market share.
HSBC starts Haleon at 'buy'
(Sharecast News) - HSBC initiated coverage of Haleon on Thursday with a 'buy' rating and 370p price target as it took a look at consumer health stocks, saying the company stands out for its portfolio strength, the quality of its execution and better potential for exploiting new growth avenues.
Bridgepoint taps Ruth Prior as its next finance chief
(Sharecast News) - Investment firm Bridgepoint announced the appointment of Ruth Prior as its new chief financial officer (CFO) and a director on Thursday, succeeding Adam Jones, who would step down later in the year.
Deliveroo posts positive quarterly growth
(Sharecast News) - Deliveroo has reported a positive first-quarter performance in an update on Thursday, as it returned to order growth, alongside a notable increase in gross transaction value (GTV).
Berenberg initiates coverage of W7 owner Warpaint at 'buy'
(Sharecast News) - Berenberg initiated coverage of Warpaint on Thursday with a 'buy' rating and 550p price target as it said the company's highly cash-generative business model and debt-free balance sheet support strong top-line growth.
Rank Group on track for full year after strong third quarter
(Sharecast News) - Rank Group reiterated its full-year guidance on Thursday, after third-quarter revenues were boosted by strong trading at Mecca bingo.
Petrofac wins $350m services contract in Equatorial Guinea
(Sharecast News) - Energy services group Petrofac has won a contract with the national oil company of Equatorial Guinea worth $350m over five years.
Greencoat Renewables inks 10-year power purchase agreement
(Sharecast News) - Greencoat Renewables announced the signing of a significant 10-year power purchase agreement (PPA) on Thursday, with Keppel DC REIT, for its Ballybane Phase 1 wind farm.
Keystone Law Group expects to meet full-year expectations
(Sharecast News) - Keystone Law Group posted higher full-year revenues and profit, and said it expected to meet market expectations for the year ahead.
LBG Media reports decent full-year growth in tough market
(Sharecast News) - Digital publisher LBG Media reported a robust full-year financial performance in its unaudited final results on Thursday, with total group revenue rising 7.5% over the year to £67.5m.
AJ Bell upbeat on strong second-quarter performance
(Sharecast News) - Investment platform AJ Bell reported a robust performance across its platform business and AJ Bell Investments in a second quarter update on Thursday.
Vistry kicks off £100m share buyback programme
(Sharecast News) - Vistry Group announced the start of its share buyback programme on Thursday, aimed at repurchasing up to £100m of its shares.
Segro reports robust rent roll growth in first quarter
(Sharecast News) - Segro reported robust growth in its rent roll in a trading update for the March quarter on Thursday, driven by favourable occupier market dynamics.
easyJet posts significant reduction in winter losses
(Sharecast News) - Low-cost airline easyJet reported a significant reduction in its winter losses in an update on Thursday, of more than £50m year-on-year, as demand for flights and holidays continued to rise, particularly for the upcoming summer season.
BP cuts size of executive team, shakes up structure
(Sharecast News) - BP has trimmed its executive team as part of a shake-up of its organisational structure, it was confirmed on Thursday.
Ferrexpo swings to FY loss on legal provision
(Sharecast News) - Iron ore pellet maker Ferrexpo swung to a full-year loss as a $131million provision for a legal dispute involving its Ukrainian unit hit the bottom line.
Volex FY results seen ahead of market expectations
(Sharecast News) - Critical power and data transmission products manufacturer Volex said on Thursday that its full-year performance was seen ahead of market expectations as "strong organic growth" was driven by its " attractive positions" in diversified end markets.
Dunelm shares hit by Q3 sales slowdown
(Sharecast News) - Dunelm shares dropped 5% on Thursday after the homewares retailer reported a slowdown in sales growth in its third quarter due to "volatile" trading conditions.
Centamin production dips, reiterates 2024 cost and output guidance
(Sharecast News) - Centamin reported a temporary slight decline in production and higher unit costs, but reaffirmed its full-year cost and output guidance.
Hipgnosis shares surge on $1.4bn Concord Chorus offer
(Sharecast News) - Shares in troubled Hipgnosis Songs Fund rocketed by a third on Thursday after the music rights investor said it had agreed a $1.4bn takeover by US-based Concord Chorus, a music and theatrical rights firm, in attempt to end months of infighting over the company's leadership and secure its future.
National Grid raises underlying EPS guidance on accounting change
(Sharecast News) - National Grid has lifted its profit guidance for the year to 31 March after an accounting change due to a tax relief change announced by the government.
DiscoverIE FY sales up 1%, sees earnings in line with guidance
(Sharecast News) - Electronics specialist DiscoverIE said group sales for the year to March 31 were 1% ahead of last year on a constant currency basis, after two years of strong growth when the rose 48%.
Rentokil Initial reports more stable North America performance
(Sharecast News) - Rentokil Initial reported revenue of £1.27bn in a first quarter update on Thursday, making for a 0.9% increase at actual exchange rates, while at constant exchange rates, revenue advanced 4.9% to £1.29b.
Time Out signs deal to open market in Budapest
(Sharecast News) - Media and hospitality company Time Out Group announced plans for a new Time Out Market in Budapest on Wednesday, through a management agreement with Corvin Food Market.
Eli Lilly weight-loss drug 'significantly' reduces sleep apnoea
(Sharecast News) - Eli Lily's weight-loss drug tirzepatide has been shown to "significantly" reduce sleep apnoea severity, the US drugs giant said on Wednesday.
Royal Mail-owner rebuffs takeover approach
(Sharecast News) - Shares in International Distribution Services soared on Wednesday, after it emerged that Czech billionaire Daniel Kretinsky had made a takeover approach for the Royal Mail owner.
Just Eat shares drop as Q1 orders disappoint
(Sharecast News) - Shares in Just Eat dropped sharply on Wednesday after the food delivery marketplace delivered underwhelming order numbers for the first quarter, though revenue growth picked up sharply in the UK and Ireland.
Tekcapital's Innovative Eyewear inks deal with US firm
(Sharecast News) - Intellectual property investor Tekcapital announced a fresh development from its portfolio company Innovative Eyewear on Wednesday, as the latter launched a strategic partnership with Windsor Eyes, a prominent eyewear manufacturing and distribution firm.
Eckoh expanding availability of voice cloud platform
(Sharecast News) - Eckoh announced on Wednesday that it has augmented its global secure voice cloud platform, enhancing its availability and geographic coverage.
First-quarter bookings fall sharply at ASML
(Sharecast News) - Shares in ASML Holding came under pressure on Wednesday, after the chip industry giant disappointed with its first-quarter trading update.
Berenberg lowers target price on Asos
(Sharecast News) - Over at Berenberg, analysts lowed their target price on fast fashion retailer Asos from 510.0p to 490.0p on Wednesday as it lowered its gross margin assumptions to reflect the negative impact of discounting during the first half of the fiscal year.
Canaccord Genuity raises target price on AO World
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on electrical retailer AO World from 52.0p to 75.0p on Wednesday after the group's trading update last week led the broker to adjust its FY24-26 estimates.
Liontrust sees annual outflows top £6bn
(Sharecast News) - Liontrust Asset Management reported annual outflows of more than £6bn on Wednesday, but struck an upbeat tone for the coming year.
Safestay secures first management contract
(Sharecast News) - Hostel operator Safestay has inked its first management contract to run the resort-based 120-bed Calpe Seafront Hostel on Spain's Costa Blanca.
Katoro Gold reports progress on multiple fronts
(Sharecast News) - Katoro Gold said in an update on Wednesday that at the Haneti Project, it had conducted a series of technical meetings and reviews and was preparing to advance to the next stage of exploration.
Surface Transforms expecting decent sales growth
(Sharecast News) - Carbon fibre-reinforced ceramic disc brake materials manufacturer Surface Transforms provided detailed sales guidance for 2024 on Wednesday, in response to shareholder demand for a 'worst case' forecast.
Agronomics investee Mosa Meat raises EUR 40m
(Sharecast News) - Cellular agriculture investor Agronomics announced the completion of a €40m fundraising round by its portfolio company Mosa Meat on Wednesday.
Investment performance underpins quarterly growth for Brooks Macdonald
(Sharecast News) - Brooks Macdonald updated the market on its funds under management on Wednesday, reported a closing figure of £17.9bn at the end of March, marking a 2% increase from 31 December.
Equals Group extends deadline as it courts two takeover offers
(Sharecast News) - Financial services provider Equals Group updated the market on its strategic review process on Wednesday, including an extension of the 'put up or shut up' (PUSU) deadline.
Urban Logistics upbeat as rents strengthen
(Sharecast News) - Urban Logistics REIT struck a confident tone on Wednesday, after rents rose by nearly a quarter in the last three months of the year.
Hunting reports rise in earnings, flags some cash challenges
(Sharecast News) - Oil services provider Hunting said in a trading update on Wednesday that it had surpassed expectations for first-quarter EBITDA, which rose to $28.9m from $22.4m a year earlier, although it was facing challenges in managing its cash position.
Workspace Group reports resilient fourth quarter
(Sharecast News) - Office space provider Workspace Group reported resilient customer demand in an update on Wednesday, having completed 343 new lettings in its fourth quarter and boasting a total annual rental value of £8.7m.
Thursday preview: Philly Fed index, Weekly US jobless claims in focus
(Sharecast News) - Investors' focus on Thursday will be on a barrage of economic indicators in the U.S..
Synectics wins £800,000 contract with 'major UK utility provider'
(Sharecast News) - Security and surveillance systems business Synectics has been awarded an £800,000 contract with a new customer to deliver a multi-site deployment of its proprietary software platform, Synergy.
Antofagasta reports 11% drop in first-quarter output
(Sharecast News) - Copper miner Antofagasta said output fell in the first quarter due to lower grades and maintenance activities at two of its main projects, while the cost of production rose.
Asos losses widen, sales fall in first half but stock cuts ahead of target
(Sharecast News) - Half-year losses at UK online fast-fashion retailer Asos have widened as it continued to deal with competition from Chinese rival Shein, but said it was ahead of target on shifting the mountain of excess stock it built up during the Covid pandemic.
De Beers diamond sales fall in cautious market
(Sharecast News) - Provisional rough diamond sales from Anglo-American's De Beers' unit fell to $445m in the third sales cycle compared with $542m a year ago amid a subdued market.
Entain sees 'strong' performance in many markets during Q1
(Sharecast News) - Entain reported an in line performance for its first quarter.
GSK posts promising results from gonorrhoea treatment trial
(Sharecast News) - GSK unveiled encouraging outcomes from a pivotal phase three trial on Wednesday, on the potential of gepotidacin as an oral treatment for uncomplicated urogenital gonorrhoea (GC), amid escalating resistance to current therapies.
Rio Tinto holds guidance despite lower Q1 iron ore production
(Sharecast News) - Mining giant Rio Tinto on Wednesday held annual production guidance, despite a sharp fall in first-quarter iron ore shipments and production.
Morgan Stanley shares rise as Q1 profits top forecasts
(Sharecast News) - Shares in American banking giant Morgan Stanley rose strongly on Tuesday after the company beat forecasts with a 13% increase in first-quarter profits.
Easyjet suspends flights to Israel until October
(Sharecast News) - Budget carrier easyJet on Tuesday said it had suspended flights to Tel Aviv until October 27 after Iran's missile and drone attack against Israel on Saturday night.
Wednesday preview: UK CPI, BoE's Bailey in focus
(Sharecast News) - Investors' focus in the middle of the week will be on consumer price data due out on either side of the Channel.
Berenberg stays at 'buy' on Yellow Cake on tight supplies and supply risk
(Sharecast News) - Analysts at Berenberg stood by their 'buy' recommendation for shares of Yellow Cake, the uranium oxide concentrate holding company, following a fireside chat with its boss, Andre Liebenberg.
Bank of America upbeat despite profits slide
(Sharecast News) - Bank of America said it had seen a "strong" first quarter on Tuesday, despite posting a sharp fall in profits.
Berenberg lowers target price on Kainos
(Sharecast News) - Analysts at Berenberg lowered their target price on software company Kainos from 1,315.0p to 1,260.0p on Tuesday following the group's full-year trading update on 15 April.
Cyanconnode FY revenues to 'materially exceed' market expectations
(Sharecast News) - Narrowband radio mesh networks business Cyanconnode said on Tuesday that full-year revenues were expected to "materially exceed" market expectations.
Ericsson sees sales stabilising, shares spark
(Sharecast News) - Shares in Ericsson rallied on Tuesday, after the Swedish telecoms group posted above-forecast quarterly numbers and said it expected sales to stabilise in the second half.
Tatton Asset Management reports record full-year net inflows
(Sharecast News) - Tatton Asset Management reported record net inflows for the financial year just ended in an update on Tuesday, of £2.3bn, equivalent to 18.1% of its opening assets under management.
System1 revenues grow YOY
(Sharecast News) - Software group System1 said on Tuesday that revenues had grown year-on-year, buoyed by the successful launch of its TYA Pro+ offering and strong platform revenue growth in the US.
International Paper to snap up DS Smith in £7.8bn deal
(Sharecast News) - International Paper has agreed to buy British rival DS Smith in a £7.8bn all-share deal, it was confirmed on Tuesday.
Eleco acquires Vertical Digital companies
(Sharecast News) - Software provider Eleco has acquired the Vertical Digital group of companies in a deal worth as much as €1.55m.
Marks Electrical delivers record FY revenues
(Sharecast News) - Electrical retailer Marks Electrical Group said on Tuesday that it had delivered record full-year revenues in the 12 months ended 31 March, driven by increased market share.
Hollywood Bowl revenue reaches record in first half
(Sharecast News) - Hollywood Bowl reported a record first-half revenue of £119.2m in a trading update on Tuesday, making for an 8.1% increase year-on-year.
Cinema chain Everyman delivers strong results, expects further growth in 2024
(Sharecast News) - Shares in Everyman Media jumped on Tuesday after the upmarket cinema chain released its 2023 results, showing a double-digit rise in revenues and profits, with further growth expected this year.
Ninety One assets under management slip year-on-year
(Sharecast News) - Global investment manager Ninety One said in an update on Tuesday that its assets under management amounted to £126bn as of 31 March.
Superdry to quit stock market in far-reaching restructuring
(Sharecast News) - Superdry is to delist from the London Stock Exchange as part of a far-reaching restructuring plan, the struggling retailer confirmed on Tuesday.
B&M flags decent group-wide revenue growth
(Sharecast News) - Discount retailer B&M reported growth in revenue across its fascias in a full-year update on Tuesday, with B&M UK achieving £4.41bn, marking a 4% increase.
Everyman's growth trajectory on track, says Canaccord Genuity
(Sharecast News) - Everyman Media is "well positioned for future success", according to Canaccord Genuity, which reiterated a 'buy' rating on the company following its 2023 results on Tuesday.
Auction Technology revenue rises as it adjusts margin forecasts
(Sharecast News) - Online marketplace operator Auction Technology Group reported a 6% improvement in first-half revenue in an update on Tuesday, to $86m, as it narrowed its full-year margin guidance.
GSK meningococcal vaccine accepted by US FDA for review
(Sharecast News) - GSK announced on Tuesday that its five-in-one meningococcal ABCWY (MenABCWY) vaccine candidate had been accepted for regulatory review by the US Food and Drug Administration (FDA).
Hays net fees fall amid tough global recruiting market
(Sharecast News) - Global recruiter Hays reported a fall in net fees in a challenging third quarter on Tuesday, down 17% in total year-on-year, and 14% lower on a like-for-like basis.
Oxford Instruments ends year in line with expectations
(Sharecast News) - Scientific technology specialist Oxford Instruments said in an update on Tuesday that trading in the financial year just ended was in line with expectations, with positive momentum in revenue growth.
Moneysupermarket reports mixed first quarter
(Sharecast News) - Moneysupermarket Group reported continued growth in insurance segments in its first quarter on Tuesday, with overall revenue up 8% at £114.6m.
Sosandar FY revenues grow, expects 'marginal loss'
(Sharecast News) - British fashion brand Sosandar detailed year-on-year revenue growth on Tuesday but said it still expects to report a "marginal loss" for the year.
Wise continues to see strong uptake for services in Q4
(Sharecast News) - Global payments technology company Wise continued to enjoy a strong uptake for its services during the last quarter of its fiscal year.
Plus500 tracks ahead of expectations in first quarter
(Sharecast News) - Plus500 reported a solid first-quarter performance in an update on Tuesday, with the company tracking ahead of market expectations for the 2024 financial year.
Vodafone taps SAP executive to lead business division
(Sharecast News) - Vodafone announced the appointment of Marika Auramo as chief executive of Vodafone Business on Tuesday, effective from 1 July.
QinetiQ ends year in line with forecasts, finance chief departs
(Sharecast News) - QinetiQ Group reported a good operational performance in the final quarter of its financial year on Tuesday, in line with market expectations.
Dr Martens CEO to step down amid bleak profit outlook
(Sharecast News) - UK bootmaker Dr Martens said chief executive Kenny Wilson has decided to step down as the company issued another profit warning for the current financial year amid continuing woes in the US, its biggest market.
Dr Martens shares plunge 30% as CEO goes amid bleak profit outlook
(Sharecast News) - Dr Martens shares slumped by a third on Tuesday as the UK bootmaker said chief executive Kenny Wilson would step down and issued another profit warning for the current financial year amid continuing woes in its key US market.
Canaccord Genuity initiates coverage on Atome at 'speculative buy'
(Sharecast News) - Analysts at Canaccord Genuity initiated coverage on Atome with a 'speculative buy' rating and 130.0p target price on Monday, stating the company's choice to focus on finished ammonia fertiliser manufacture was "advantaged".
Berenberg stays at 'buy' on CeresPower, target price kept at 800p
(Sharecast News) - Analysts at Berenberg kept their recommendation for shares of Ceres Power at 'buy' following the company's full-year results.
Tuesday preview: UK employment, China activity data in the spotlight
(Sharecast News) - Investors' focus on Tuesday will be on the UK February employment report.
Renold FY results seen 'materially ahead' of market expectations
(Sharecast News) - Industrial chains manufacturer Renold said on Monday that its full-year results would now be "materially ahead" of current market expectations as "strong" first-half momentum continued throughout H2.
Checkit secures three contract wins, launches new product
(Sharecast News) - Software solutions firm Checkit said on Monday that it has secured new contract wins from two existing customers worth a minimum of £417,000 in total lifetime revenues over their three-year terms.
EnergyPathways reports progress on Marram gas project
(Sharecast News) - EnergyPathways updated the market on its operational and strategic progress at the Marram gas project on Monday, saying it expected the outcome of its outstanding licence applications in the first half of this year.
CyanConnode gets big order from IntelliSmart
(Sharecast News) - Narrowband radiofrequency and smart mesh network technology specialist CyanConnode announced receiving an order for 265,331 Omnimesh modules from Madhyanchal One Infrastructure on Monday, a subsidiary of IntelliSmart Infrastructure.
Getech secures three separate contract wins
(Sharecast News) - Subsurface resources locator Getech said on Monday that it had secured three separate contract wins related to the exploration of natural hydrogen.
Getech secures three separate contract wins
(Sharecast News) - Subsurface resources locator Getech said on Monday that it had secured three separate contract wins related to the exploration of natural hydrogen.
Seed Innovations gets £2.4m balance from Leap Gaming sale
(Sharecast News) - Health, wellness and medical cannabis investor Seed Innovations announced the receipt of £2.4m (€2.76m) from the final instalment of the sale proceeds of its portfolio company Fralison Monday, which operated as Leap Gaming.
Sanderson Design renews, expands licensing deal with Blinds 2go
(Sharecast News) - Sanderson Design Group announced the renewal and expansion of its licensing agreement with Blinds 2go, an e-commerce entity specialising in made-to-measure blinds, curtains, and shutters, on Monday.
Revenue slips but gross profit rises at Engage XR
(Sharecast News) - Engage XR reported total 2023 revenue of €3.7m in its final results on Monday, down slightly from €3.9m year-on-year.
Faron Pharmaceuticals CFO stands down
(Sharecast News) - Clinical-stage biopharmaceutical company Faron Pharmaceuticals revealed on Monday that chief financial officer James O'Brien would be leaving the group to "pursue another career opportunity".
BNP Paribas to buy 9% stake in Ageas
(Sharecast News) - French banking giant BNP Paribas announced on Monday that it is buying a 9% stake in Belgian insurer Ageas from Chinese conglomerate Fosun Group for €730m.
Corcel to shift exploration focus amid nitrogen shortage
(Sharecast News) - Angola-focussed energy explorer and producer Corcel updated the market on progress at the Tobias Field reactivation on Monday, in Block KON-11 within the Kwanza Basin, where it holds a 20% working interest, or 18% ne.
HgCapital invests £21.3m into Focus Group
(Sharecast News) - HgCapital Trust announced an investment in prominent UK essential business technology provider Focus Group on Monday.
Kainos profit before tax set to meet expectations
(Sharecast News) - Digital services and IT provider Kainos Group said in an update on Monday that it expected solid revenue growth and robust growth in adjusted profit before tax for the financial year just ended.
Audioboom swings to FY loss as revenues fall
(Sharecast News) - Podcasting group Audioboom headed south after reporting a fall in full-year revenues and swinging to an underlying loss as a result of a "soft advertising market", constrained by macroeconomic headwinds.
Inchcape to exit UK retail and return £100m to shareholders
(Sharecast News) - Shares in Inchcape raced ahead on Monday after the automotive distributor announced the disposal of its UK Retail operations to Group 1 Automotive UK for £346m.
Ashmore reports $2.1bn fall in assets under management
(Sharecast News) - Specialist emerging markets asset manager Ashmore said in an update on Monday that assets under management decreased by $2.1bn in the March quarter, which it attributed to negative investment performance of $0.1bn and net outflows of $2bn.
Sirius Real Estate flags decent year despite macro challenges
(Sharecast News) - Business and industrial park specialist Sirius Real Estate said in an update on Monday that, despite prevailing macroeconomic challenges, it achieved a 8.2% increase in overall rent roll in the financial year just ended, or 7.2% on a like-for-like basis.
Mitie shares surge on profit upgrade, £50m buyback
(Sharecast News) - Mitie shares soared on Monday as the cleaning-to-security services outsourcer upgraded its annual profit forecast and launched an extra £50m share buyback on the back of record revenues.
Ceres Power says it's on track for a 'strong' 2024
(Sharecast News) - Ceres Power posted higher full-year sales and gross profits and said that it was on track for a "strong" 2024.
Great Portland Estates inks lease with fashion brand Represent
(Sharecast News) - Great Portland Estates announced on Monday that British luxury brand Represent had agreed to open its new London flagship store at the company's 135/141 Wardour Street property in Soho.
Kingfisher chair to step down in June
(Sharecast News) - B&Q and Screwfix owner Kingfisher has announced that chair Andrew Cosslett will step down after seven years at the helm of the board.
PageGroup shares slump on weaker Q1 profits as jobs market stagnates
(Sharecast News) - PageGroup shares slumped on Monday after the recruitment firm reported lower first-quarter gross profit and cut 100 jobs itself as employers in its key markets slowed hiring rates.
Oxford Nanopore tech used in 'groundbreaking' telomere study
(Sharecast News) - Oxford Nanopore took the wraps off a "groundbreaking" study using its technology on Friday, shedding light on the measurement of human telomeres - the protective caps at the ends of chromosomes crucial for genome integrity.
Frontier IP appoints new finance chief
(Sharecast News) - Intellectual property commercialisation specialist Frontier IP announced the appointment of Jo Stent as its new chief financial officer on Friday, effective from 22 April.
Directa Plus asphalt technology laid at Imola Circuit
(Sharecast News) - Graphene nanoplatelet specialist Directa Plus announced on Friday that 'GiPave', an asphalt solution incorporating graphene and recycled plastics, was being installed at the Imola Circuit ahead of the Emilia-Romagna Grand Prix in May.
Huddled Group buys Food Circle for £0.3m
(Sharecast News) - E-commerce investor Huddled Group announced the acquisition of online retailer Food Circle Supermarket on Friday, for total consideration of up to £0.3m.
Bens Creek shares fall as it moves mine into care and maintenance
(Sharecast News) - Shares in North American metallurgical coal miner Bens Creek were sliding on Friday afternoon, after the company issued an update on its operations and working capital position, confirming that its West Virginia mine was moving into care and maintenance.
Premier Miton reports rise in assets under management
(Sharecast News) - Premier Miton Group said in an update on Friday that as of 31 March, its assets under management totalled £10.7bn, making for an increase from the £9.8bn it recorded on 30 September.
Tern raises £0.42m to invest in Wyld Networks
(Sharecast News) - Specialist internet-of-things technology investor Tern announced on Friday that it hs raised £0.42m before expenses, to invest in Wyld Networks.
Premier African raises another £1m due to strong institutional interest
(Sharecast News) - Premier African Minerals announced on Friday that it had raised a fresh £1m, due to strong institutional interest in its fundraising announced on 11 April.
Wells Fargo tops earnings forecast despite fall in net interest income
(Sharecast News) - Wells Fargo surpassed Wall Street expectations for first-quarter earnings, it reported on Friday, despite a decrease in net interest income.
JPMorgan Chase Q1 profits jump
(Sharecast News) - JPMorgan Chase reported a 6% jump in first-quarter profit on Friday as net interest income rose.
R&Q Insurance shares plummet on weak guidance
(Sharecast News) - R&Q Insurance, the AIM-listed non-life insurer, lost almost half of its market value on Friday after announcing it would report a "significant pre-tax loss" for last year.
SigmaRoc delivers 'solid' Q1 performance
(Sharecast News) - Limestone group SigmaRoc said on Friday that it had delivered a "solid Q1 performance", with underlying earnings in line with management expectations.
Samsung in line to secure $6bn in US government grants
(Sharecast News) - Electronics giant Samsung will unveil a $44.0bn White House programme aimed at bringing semiconductor production back to America as soon as next week, with the memory chip maker in line to secure up to $6.0bn in government grants.
BAE Systems 'still riding high', says Deutsche Bank
(Sharecast News) - Deutsche Bank has hiked its target price for BAE Systems and maintained a 'buy' rating on the aerospace and defence stock, saying that recent growth momentum is likely to continue.
Societe Generale sells Moroccan unit to Saham Group
(Sharecast News) - French bank Societe Generale has agreed to sell the majority of its Moroccan arm to Saham Group for €745.0m as it forges ahead with chief executive Slawomir Krupa's plan to streamline the business.
RBC Capital upgrades Taylor Wimpey, downgrades Berkeley
(Sharecast News) - RBC Capital Markets upgraded Taylor Wimpey on Friday but downgraded Berkeley as it took a look at the two UK housebuilders.
RBC Capital Markets initiates coverage on Jet2 at 'outperform'
(Sharecast News) - Analysts at RBC Capital Markets initiated coverage on tour operator Jet2 at 'outperform' on Friday, citing shareholder upside from a customer-first proposition.
UAE's ADNOC said to have recently considered BP takeover
(Sharecast News) - The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.
JPMorgan 'repositioning for a recovery' as it upgrades host of housebuilders
(Sharecast News) - JPMorgan Cazenove upgraded a host of names in the housebuilding sector on Friday as it said it was "repositioning for a recovery".
Petrofac in talks over finances as it seeks contract guarantees
(Sharecast News) - Petrofac said in an update on Friday that negotiations over tis finances were ongoing, as it remained in discussions with its lenders to restructure its debt, aiming for a substantial portion of the debt to be converted into equity.
Mercantile Investment Trust reports solid returns in tough conditions
(Sharecast News) - UK equity investment firm Mercantile Investment Trust said managed to grow returns in the year to 31 January despite "a generally unsupportive environment".
Botswana Diamonds discovers second anomaly in Kalahari
(Sharecast News) - Botswana Diamonds announced the discovery of a second anomaly on Thursday, close to another anomaly announced on 23 January.
Mkango raises £0.75m to support HyProMag's first commercial sales
(Sharecast News) - Mkango Resources closed a private placing on Thursday, raising £0.75m in gross proceeds to support HyProMag's first commercial sales, among other objectives.
Great Western Mining begins new surveys in Mineral County
(Sharecast News) - Great Western Mining announced the start of induced polarisation (IP) and resistivity surveys at its West Huntoon and M5 claims in Nevada's Mineral County on Thursday.
Oracle Power upbeat on study findings at Jhimpir
(Sharecast News) - Oracle Power announced the successful conclusion of the geotechnical study and electrical resistivity survey (ERS) for its planned renewable power plant in Jhimpir, Sindh Province, Pakistan on Thursday.
European Metals reports success in Cinovec pilot lithium programme
(Sharecast News) - European Metals announced a significant milestone on Thursday, with the successful production of lithium hydroxide monohydrate from pregnant leach solution generated during the recent larger-scale Cinovec pilot programme.
Kibo Energy reports positive progress at MED subsidiary
(Sharecast News) - Kibo Energy updated the market on its subsidiary Mast Energy Developments (MED) on Thursday, reporting the successful completion ahead of schedule of the initial first-phase work programme at its Pyebridge 9MW flexible power generation asset.
Iomart flags decent results, warns of lower-than-expected renewals
(Sharecast News) - Secure cloud service provider Iomart said in an update on Thursday that, despite a challenging economic environment, it expected to deliver a robust set of full-year results for the 12 months ended 31 March.
Friday preview: Chinese foreign trade data, US consumer confidence in focus
(Sharecast News) - Investors' focus at the end of the week will shift towards Asia-Pacific.
Publicis shares rise as Q1 growth beats forecasts
(Sharecast News) - French advertising and PR giant Publicis Groupe has hailed a "very strong start" to 2024 after delivering revenue growth ahead of forecasts.
PetroTal production meets guidance in first quarter
(Sharecast News) - PetroTal said in an update on Thursday that its average production in the first quarter was 18,518 barrels of oil per day, consistent with its guidance.
Atalaya confident despite some first-quarter weakness
(Sharecast News) - Atalaya Mining updated the market on its operations in the first quarter on Thursday, reporting that ore mined reached 3.7 million tonnes, marking a slight increase from the prior year.
Atalaya confident despite some first-quarter weakness
(Sharecast News) - Atalaya Mining updated the market on its operations in the first quarter on Thursday, reporting that ore mined reached 3.7 million tonnes, marking a slight increase from the prior year.
FCA issues warning notice against Neil Woodford
(Sharecast News) - The Financial Conduct Authority has issued a warning notice against Neil Woodford, claiming the once star stockpicker had a "defective" understanding of the responsibilities involved in managing risk.
M&C Saatchi appoints two new global creative chiefs
(Sharecast News) - M&C Saatchi announced the appointment of Rob Doubal and Laurence Thomson as its new joint global chief creative officers (CCOs) on Thursday.
Apple warns of "mercenary spyware attack" in 92 countries
(Sharecast News) - Apple has reportedly sent threat notifications to iPhone users in 92 countries who may have been victims of a "mercenary spyware attack".
Griffin Mining confident despite first quarter production weakness
(Sharecast News) - Griffin Mining updated the market on production at the Caijiaying zinc-gold mine for the March quarter on Thursday, reporting that operations were affected by the Chinese Lunar New Year and Spring Festival holidays.
Berenberg hikes target price on Darktrace following Q3 results
(Sharecast News) - Analysts at Berenberg raised their target price on software and services firm Darktrace from 600.0p to 630.0p on Thursday after the group's third-quarter results earlier this morning demonstrated a continuation of "strong momentum" seen in Q2.
Mears FY profits up more than a third
(Sharecast News) - Housing services business Mears Group stated both revenue and profits improved in 2023 and said it expects to deliver another "strong" in FY24.
HSBC upgrades Kingfisher to 'buy'
(Sharecast News) - HSBC upgraded B&Q and Castorama owner Kingfisher on Thursday to 'buy' from 'hold' and lifted the price target to 305p from 235p.
Revolution Bars proposes restructuring, eyes £12.5m equity raise
(Sharecast News) - Bar and gastro pub operator Revolution Bars has proposed a restructuring of the group, which would involve the shuttering of several sites, rent reductions, and an equity raise of up to £12.5m featuring new and existing investors.
Heathrow urges government to scrap £10 fee for transit passengers
(Sharecast News) - Heathrow has called for fees on transit passengers to be scrapped, arguing that UK airports are being put at a competitive disadvantage.
Barclays downgrades asset managers Jupiter and Liontrust
(Sharecast News) - Barclays has downgraded its ratings of asset managers Jupiter and Liontrust, saying flows for firms UK and European are still underwhelming despite markets performing well.
JPMorgan upgrades Marks & Spencer to 'overweight'
(Sharecast News) - JPMorgan Cazenove upgraded Marks & Spencer on Thursday to 'overweight' from 'neutral' and lifted the price target to 330p from 260p as it took a look at European general retail.
SocGen to sell professional equipment financing business for €1.1bn
(Sharecast News) - Societe Generale said on Thursday that it has agreed to sell its professional equipment financing businesses to Groupe BPCE for €1.1bn.
Fortress Investment to acquire Poundstretcher
(Sharecast News) - Discount retailer Poundstretcher will be acquired by Fortress Investment Group for an undisclosed sum.
Belgium's Shurgard to buy Lok'nStore in £378m deal
(Sharecast News) - Self-storage firm Lok'nStore said on Thursday that it has agreed to be bought by Belgian rival Shurgard in a £378m deal.
Alpha FMC reiterates guidance as trading picks up in Q4
(Sharecast News) - Financial services consultancy Alpha FMC has reiterated expectations after an improvement in trading conditions through its fourth quarter and into the new financial year.
Darktrace lifts, focuses full-year guidance
(Sharecast News) - Cybersecurity specialist Darktrace reported solid growth in both operating and financial metrics in the March quarter on Thursday, as it raised its full-year guidance.
AstraZeneca to hike 2024 dividend by 7%
(Sharecast News) - Biopharma giant AstraZeneca has announced that it will increase its annual dividend by 7%, which the board said demonstrates its confidence in the company's performance and cash generation.
Great Portland Estates upbeat after 'strong' quarter
(Sharecast News) - Great Portland Estates struck an upbeat note on Thursday, on the back of strong demand and a likely cut in interest rates.
Centaur Media soars on takeover approach from Dutch PE firm
(Sharecast News) - Shares in Centaur Media soared on Wednesday afternoon after the publishing, events and marketing company confirmed speculation about a takeover approach from a Dutch private equity firm.
Thursday preview: ECB decision, US producer prices in the spotlight
(Sharecast News) - The market spotlight on Thursday will be squarely on the European Central Bank's policy meeting.
Nexxen International repays $100m of debt
(Sharecast News) - Connected TV advertising technology specialist Nexxen International said in an update on Wednesday that it repaid its outstanding debt under the secured term loan 'A' and the revolving credit facility on 9 April.
Helium One Global reports progress at Rukwa Project
(Sharecast News) - Tanzania-focussed helium explorer Helium One reported progress and updated on strategic initiatives at its Rukwa Project in an update on Wednesday.
Caledonia Mining reports rise in Blanket Mine gold production
(Sharecast News) - Caledonia Mining reported a notable increase in gold production from its Blanket Mine in Zimbabwe for the first quarter of 2024 on Wednesday, despite a reduction in production days compared to the same period in 2023.
Ted Baker's US licensing partner said to be eyeing UK operations
(Sharecast News) - Ted Baker's US licensing partner is reportedly a leading contender to take control of the fashion brand's British operation weeks after it collapsed into administration.
e-Therapeutics proposes £29m fundraising, delisting from AIM
(Sharecast News) - RNAi medicines data and development specialist e-Therapeutics proposed a fundraise and its delisting from AIM on Wednesday.
RS Group well-positioned for market recovery, says Numis
(Sharecast News) - Numis has cut its estimates for industrial and electrical products maker RS Group but kept a 'buy' rating, saying that the company is well placed to benefit from gradually improving macro conditions.
Epwin reports strong year despite market challenges
(Sharecast News) - Energy-efficient and low-maintenance building products specialist Epwin Group said in its final results on Wednesday that, despite challenges posed by raw material cost inflation and market volatility, it delivered a strong performance, with revenue totalling £345.4m and underlying operating profit reaching £25.5m, marking a 19% increase over the prior year.
Strategic Minerals reports jump in Cobre sales revenue
(Sharecast News) - Strategic Minerals said in an update on Wednesday that in the March quarter, sales revenue from Cobre totalled $0.841m, marking an increase of over 100% compared to the same period in 2023.
Mercia Asset Management reports record fund inflows
(Sharecast News) - Mercia Asset Management released its trading summary for the financial year ended 31 March on Wednesday, with organic fund inflows surpassing £0.5bn, marking a record and reflecting a 40% surge in third-party funds under management since the start of the financial year.
4basebio to provide synthetic DNA to tier-one pharma firm
(Sharecast News) - 4basebio confirmed the provision of its synthetic DNA to an unnamed tier-one pharmaceutical company on Wednesday.
Malvern International reports strong turnaround in 2023
(Sharecast News) - Malvern International unveiled its preliminary results for 2023 on Wednesday, showcasing a notable turnaround in its business performance.
easyJet cabin crew secure 20pc rise in base pay
(Sharecast News) - Cabin crew at low-cost airline easyJet are to receive a 20% increase in their basic pay, it was announced on Wednesday, after negotiations with the Unite union.
Canaccord Genuity raises target price on Spirent Communications
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on telecommunications testing company Spirent Communications from 175.5p to 199.0p on Wednesday following Keysight's recent cash offer.
Chamberlin Q3 underlying demand below management expectations
(Sharecast News) - Castings and machining group Chamberlin said on Wednesday that underlying demand was below internal expectations during Q3, with lower than anticipated sales "negatively" affecting profitability and working capital.
NATS appoints former Rolls-Royce CEO as chair
(Sharecast News) - Warren East, the former boss of Rolls-Royce and ARM Holdings, has been appointed as chair of NATS as the air traffic control company attempts to repair its reputation following last August's IT system meltdown which led to more than 700,000 passengers facing disruption.
Fulcrum Metals acquires Canadian gold tailings project
(Sharecast News) - Mineral exploration and development business Fulcrum Metals has agreed to acquire the Sylvanite Gold Tailings project, located in Kirkland Lake, Canada.
XP Power Q1 revenues slide, remains 'confident' of market position
(Sharecast News) - Power control components manufacturer XP Power said on Wednesday that both order intake and revenue declined in the first quarter but said it remains confident of its market position.
Philips creates 'clear path forward' with FDA over Respironics probe
(Sharecast News) - Shares in Philips were rising in Amsterdam on Wednesday the Dutch conglomerate settled on a consent decree with US regulators over a Respironics product recall back in 2021.
Treatt delivers 'sold' H1 performance, sales accelerate in Q2
(Sharecast News) - Ingredients manufacturer Treatt said on Wednesday that it had delivered a "solid performance" in the first half of its current trading year, with sales accelerating in Q2 and year-on-year profit growth.
Shore Capital upgrades AO World to 'buy'
(Sharecast News) - Shore Capital upgraded AO World on Wednesday to 'buy' from 'hold'.
Enteq FY losses narrow
(Sharecast News) - Energy services firm Enteq said on Wednesday that it had narrowed full-year losses as it continues tp focus on the development and commercialisation of its SABER Tool, whilst maintaining a lean overhead base.
Challenging conditions dent annual profits at M&C Saatchi
(Sharecast News) - Shares in advertising agency M&C Saatchi fell on Wednesday after the company reported a 10% drop in annual profits which it blamed on "challenging market dynamics", though it said it first-quarter trading had been encouraging.
Speedy Hire FY results seen towards lower end of expectations
(Sharecast News) - Tools and equipment hire firm Speedy Hire said on Wednesday that full-year results were set to be towards the lower end of its expectations as cost inflation and softer demand dented revenues.
Earnings surge at THG despite revenue dip
(Sharecast News) - Beauty-to-tech firm THG reported a jump in annual earnings on Wednesday, despite a dip in revenues.
Capita extends contract with European telecoms company
(Sharecast News) - Capita said on Wednesday that it has extended its customer experience contract with a "leading" European integrated telecoms company for two years from January 2024, with an option to extend for a further two years.
Direct Line replaces CFO with another Aviva exec
(Sharecast News) - Motor insurance group Direct Line has poached the head of finance from Aviva's general insurance unit to be its new chief financial officer, replacing its CFO of three years just weeks after a failed takeover offer from Ageas.
Energean completes farm-of Morocco licences with Chariot
(Sharecast News) - Energean announced on Wednesday that it has finalised its farm-in to Chariot's offshore acreage in Morocco, after obtaining all the necessary approvals from the Moroccan authorities.
Vistry inks deal to build 1,000 homes in the Midlands
(Sharecast News) - Affordable homes developer Vistry has signed two new deals with Homes England to deliver 1,000 mixed-tenure homes in the Midlands.
IQE confident in recovery as it expands AWSC partnership
(Sharecast News) - Semiconductor wafer and advanced material specialist IQE announced its results for the year ended 31 December on Wednesday, alongside announcing an expansion of its partnership with Advanced Wireless Semiconductor Company (AWSC).
Tesco sees annual sales and profits jump
(Sharecast News) - Tesco struck a confident tone for the current financial year on Wednesday, after reporting a jump in both annual profits and volumes.
HSBC's Argentina exit doesn't impact valuation, Shore Capital says 'buy'
(Sharecast News) - Shore Capital has said that HSBC's disposal of its Argentinian business should not have a material impact on its investment case despite it generating a $1bn hit to the business.
Motel One prepares for IPO as founder retakes control
(Sharecast News) - London private equity group Proprium Capital Partners has offloaded its shareholding in Motel One back to the German low-cost hotel chain's founder in a deal worth €1.25bn.
CVC Capital Partners eyeing €15bn float - report
(Sharecast News) - Private equity firm CVC Capital Partners could launch a stock market flotation as early as next week, it emerged on Tuesday.
Thames Water Kemble's debt rating downgraded to 'C' by Fitch
(Sharecast News) - The parent company of struggling utility Thames Water has had its debt downgraded to 'C' from 'CC by ratings agency Fitch after it failed to make a £190m loan repayment last week.
Wildwood operator Tasty to shut around 20 sites in restructuring
(Sharecast News) - Restaurant operator Tasty said on Tuesday that it was planning to close around 20 loss-making sites as part of a restructuring, as it continues to "navigate through challenging times".
Frasers, Next interested in Ted Baker's European retail arm - report
(Sharecast News) - Mike Ashley's Frasers Group and Next have reportedly expressed an interest in purchasing Ted Baker's stricken European retail arm.
Oracle Power enters exclusive option to acquire Blue Rock Valley
(Sharecast News) - Oracle Power announced an exclusive option to acquire 100% ownership of the Blue Rock Valley Copper and Silver Project in the Ashburton Basin in northwest Western Australia on Tuesday.
Botswana Diamonds set to use AI to analyse database
(Sharecast News) - Botswana Diamonds announced plans to integrate artificial intelligence (AI) techniques into its extensive Botswana database on Tuesday.
Concurrent Technologies unveils new VME processor board
(Sharecast News) - Concurrent Technologies unveiled the latest addition to its VME range of embedded processor boards on Tuesday, dubbed 'Rhea'.
Karelian Diamond Resources reveals promising analysis results
(Sharecast News) - Karelian Diamond Resources revealed promising results from the electron microprobe analysis of Kimberlitic garnets extracted from till samples on Tuesday.
Diaceutics appoints new VP of marketing
(Sharecast News) - Diaceutics, a technology and solutions provider catering to the pharmaceutical and biotech industry, announced the appointment of Amie Mc Neice as vice-president of marketing on Tuesday.
Loungers makes two senior management appointments
(Sharecast News) - Hospitality operator Loungers announced two senior management appointments on Tuesday to facilitate its continued growth.
Pantheon Resources shares jump on updated independent report
(Sharecast News) - Pantheon Resources shares jumped on Tuesday morning, after it announced the findings of its updated independent expert report (IER).
Central Asia Metals reports 'good start' to 2024
(Sharecast News) - Central Asia Metals updated the market on operations in its first quarter on Tuesday, at the Kounrad copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia.
Impax reports rise in quarterly assets under management
(Sharecast News) - Impax Asset Management said in its second-quarter update on Tuesday that its total assets under management had reached £39.6bn by 31 March, reflecting a 1.3% increase over the three-month period.
Boku authorised as Payment Aggregator in India
(Sharecast News) - Mobile payment technology specialist Boku announced on Tuesday that the Reserve Bank of India (RBI) had granted full authorisation to its Indian entity, Boku IN, to operate as a 'Payment Aggregator'.
Wednesday preview: US CPI, Fed meeting minutes in focus
(Sharecast News) - Investors' focus in the middle of the week will be squarely on the latest inflation data due out in the States.
Wednesday preview: US CPI, Fed meeting minutes in focus
(Sharecast News) - Investors' focus in the middle of the week will be squarely on the latest inflation data due out in the States.
Macquarie emerges as a lender to Thames Water parent
(Sharecast News) - Australian investment bank Macquarie emerged as one of the lenders involved in Thames Water's financial struggles on Tuesday, seven years after its ownership of the utility ended.
Asos 'paddling upstream' as sales pressures continue, says Shore Capital
(Sharecast News) - Shore Capital has reiterated its 'sell' recommendation for fast fashion retailer Asos, saying the company is "paddling upstream" with ongoing sales pressure, high debt levels and competitive threats..
Cirata Q1 bookings fall, 'steady build' in pipeline
(Sharecast News) - Software solutions business Cirata said on Tuesday that first-quarter bookings had fallen year-on-year but said there was "steady build" in its pipeline.
Tern's Talking Medicines makes 'strong start' to FY24
(Sharecast News) - Internet of Things investor Tern said on Tuesday that Talking Medicines, in which it currently holds a 23.8% equity share, has made "a strong start to 2024", marked by record revenue bookings and significant advancements in its Talking Medicines Drug-GPT platform.
Berenberg hikes target price on Johnson Matthey
(Sharecast News) - Analysts at Berenberg raised their target price on diversified chemicals business Johnson Matthey from 1,650.0p to 1,800.0p on Tuesday but said the performance of its shares will likely depend on three factors.
S+U pre-tax profits fall in FY24, revenues grow
(Sharecast News) - Motor finance business S+U said on Tuesday that pre-tax profits had contracted in the year ended 31 January, despite the group's improved revenue performance throughout the period.
Atos shares drop as IT firm seeks €1.2bn to pay down debt
(Sharecast News) - Shares in struggling French IT and consulting business Atos dived on Tuesday after the company announced it as raising €1.2bn in new debt and equity as it attempts to slash its leverage position and lower debt.
Procook revenues improve in Q4
(Sharecast News) - Kitchenware brand Procook said on Tuesday that revenues had improved in the fourth and final quarter of its trading year, with underlying pre-tax profits now seen "marginally ahead" of market expectations for a reading of £400,000.
Gresham Technologies to be bought by STG Partners in £147m deal
(Sharecast News) - Gresham Technologies said on Tuesday that it has agreed to be bought by Alliance Bidco - a company owned indirectly by funds managed or advised by US private equity firm STG Partners - in a £146.7m deal.
Hvivo unveils record results and bullish growth targets
(Sharecast News) - Shares in AIM-listed Hvivo dipped on Tuesday despite the infectious and respiratory disease treatment firm reporting a record year across all financial and operational metrics, as well as ambitious revenue targets for the coming years.
Barclays upgrades Halma to 'overweight'
(Sharecast News) - Barclays upgraded Halma on Tuesday to 'overweight' from 'equalweight' and lifted the price target to 2,650p from 2,425p.
PureTech founder steps down as CEO to lead SeaPort spin-off
(Sharecast News) - Clinical-stage biotherapeutics group PureTech has announced that its founding chief executive is to step down to lead SeaPort Therapeutics, a PureTech company she founded that has just raised $100m in Series A financing.
Renew subsidiary acquires Route One
(Sharecast News) - Engineering services group Renew Holdings has acquired specialist engineering business Route One via its Carnell Group subsidiary for an enterprise value of £5.0m.
Record business wins help JTC beat growth targets for 2023
(Sharecast News) - Fund, corporate and private client services group JTC has raised its growth guidance for the next three years after smashing its targets in 2023, helped by a record amount of new business wins.
Warpaint sees FY outlook ahead of market views
(Sharecast News) - Warpaint said on Tuesday that its full-year outlook was set to be "ahead" of the market's current expectations following strong trading in the first quarter of 2024.
BP sees higher Q1 upstream production
(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.
Imperial Brands on track to meet full-year expectations
(Sharecast News) - Tobacco giant Imperial Brands said in a trading update on Tuesday that it remained on track to achieve its financial objectives while balancing share performance and implementing its strategic transformation plan.
Unite Group reiterates rental guidance after solid Q1
(Sharecast News) - Student accommodation manager and developer Unite has said it is still confident in hitting rental growth targets for the next academic year while property values held more or less stable in the first quarter.
HSBC to take $1bn hit from Argentina unit sale
(Sharecast News) - HSBC Holdings on Tuesday said it was selling its Argentina business to Grupo Financiero Galicia for $550m and take a $1bn pre-tax loss in the process as it continued to pivot its operations towards Asia.
Tuesday preview: US business confidence, ECB lending survey in focus
(Sharecast News) - The corporate and economic calendar for Tuesday is sparse as investors wait for the release of key consumer price data in the States during the following session.
Ducommun gets $60 a share takeover offer from Albion River
(Sharecast News) - US aerospace and defence supplier Ducommun said on Monday that it had received an unsolicited non-binding indication of takeover interest from private direct investment firm Albion River at $60.00 per share in cash.
Ted Baker to close 15 stores, axe 245 jobs
(Sharecast News) - Ted Baker is set to close 15 stores and axe around 245 jobs, it emerged on Monday.
Caledonia Mining appoints new operations chief
(Sharecast News) - Caledonia Mining announced the appointment of James Mufara as its chief operating officer on Monday, effective 1 May.
Comptoir Group opens its first Abu Dhabi restaurant
(Sharecast News) - Comptoir Group announced the opening of a new 'Shawa' restaurant at Zayad International Airport in Abu Dhabi on Monday, on 31 March.
Audioboom hires two sales execs as ad inventory reaches record high
(Sharecast News) - Podcast producer and distributor Audioboom said in an update on Monday that it had bolstered its revenue operations with the recruitment of two seasoned sales executives, as it reached a record high for advertising inventory.
Bango reports some strong growth in 2023
(Sharecast News) - Bango reported substantial growth across a number of financial indicators in its final 2023 results on Monday, with transactional revenue surging 79% year-on-year to $32.7m.
International Paper closing in on £5bn-plus deal for DS Smith - report
(Sharecast News) - US paper giant International Paper is reportedly closing in on a formal £5bn-plus bid for London-listed packaging group DS Smith.
Aptamer applies for patent over binder sequences developed with Unilever
(Sharecast News) - Aptamer Group announced the submission of a patent application safeguarding newly-crafted Optimer binder sequences on Monday.
TSMC strikes $11.6bn deal with White House to expand AZ plans
(Sharecast News) - TSMC, the world's largest chipmaker, has struck an $11.6bn deal with the United States to bolster president Joe Biden's ambitions in AI chip development, it was revealed on Monday.
Bradda Head upbeat on sample results from San Domingo
(Sharecast News) - Bradda Head Lithium released results from surface channel samples conducted at the San Domingo Project in central Arizona on Monday.
Oriole Resources confirms renewal of Senala licence
(Sharecast News) - West Africa-focussed gold explorer Oriole Resources announced the renewal of the exploration licence for the Senala gold project in Senegal on Monday.
Cora Gold announces plans for exploration drilling at Kenieba
(Sharecast News) - Cora Gold announced plans for an exploration drill programme at its Madina Foulbé gold permit within the Kenieba Project Area in east Senegal on Monday, set to start shortly.
Serabi Gold reports progress at Palito complex
(Sharecast News) - Serabi Gold updated the market on its regional exploration campaign at the Palito complex in the Tapajos region of Para State in northern Brazil on Monday, reporting significant progress and findings.
Bens Creek inks coal sale deal amid cash flow strains
(Sharecast News) - Metallurgical coal miner Bens Creek Group announced an agreement with its largest shareholder Avani Resources on Monday, for the purchase of 20,000 tons of off-spec coal.
Mirriad Advertising rallies on new partnership with TripleLift
(Sharecast News) - Mirriad Advertising shot higher on Monday as it announced a strategic agreement with US ad tech company TripleLift, which it said was "key to accelerating programmatic sales in the US and beyond".
Tekmar Group secures contracts totalling £6m
(Sharecast News) - Offshore energy products group Tekmar said on Monday that it has recently secured a number of contract awards, with a cumulative value of approximately £6.0m.
Santander UK to quit lending standards body - report
(Sharecast News) - Santander UK is reportedly cancelling its membership of a key lending standards body because of the duplication of regulatory standards to which the industry is required to adhere.
Berenberg cuts Wood Group target on weak cash generation
(Sharecast News) - Wood Group is "on the right track" with its turnaround, according to Berenberg, but the broker still cut its target price for shares of the energy and materials engineering and consulting business following the group's recent results.
Faron Pharmaceuticals taps Juho Jalkanen for CEO
(Sharecast News) - Biopharmaceutical company Faron Pharmaceuticals named Dr Juho Jalkanen as its next chief executive officer on Monday.
Intercede experiences 'strong momentum' in FY24
(Sharecast News) - Cybersecurity firm Intercede said on Monday that it had experienced "strong momentum" in the year ended 31 March.
CVS Group hit by cyber attack
(Sharecast News) - Vet services provider CVS Group said on Monday that it had been hit by a cyber attack which will have an ongoing operational impact on its UK business.
IWG could become market leader, says RBC
(Sharecast News) - RBC Capital Markets has said it sees a buying opportunity at IWG after a recent underperformance in the shares, keeping the workspace solutions group at 'outperform'.
Apollo weighs up takeover bid for Entain
(Sharecast News) - Private equity firm Apollo was said to be keeping a keen eye on the impending departure of Entain chairman Barry Gibson, a man who blocked two previous takeover attempts.
John Lewis appoints former Tesco UK boss Jason Tarry as chairman
(Sharecast News) - John Lewis said on Monday that it has appointed Jason Tarry - the former boss of Tesco UK - as its new chairman following Sharon White's decision to step down at the end of her term.
Rio Tinto appoints new chief commercial officer
(Sharecast News) - Mining giant Rio Tinto announced the appointment of Bold Baatar to the position of chief commercial officer on Monday, responsible for overseeing its commercial and business development operations globally.
Caledonia Investments grows NAV by 7.4%
(Sharecast News) - FTSE 250-listed investment firm Caledonia Investments saw a solid increase in net asset value in the year ended 31 March, with all three investment pools contributing to growth.
Cake Box sees FY profits 'slightly ahead' of market views
(Sharecast News) - Cake Box said on Monday that full-year profits were set to be "slightly ahead" of market expectations following strong growth across the business.
AstraZeneca's Enhurtu cancer gets US green light for adult patients
(Sharecast News) - AstraZeneca and Daiichi Sankyo's Enhertu cancer drug has been approved in the US for adult patients with unresectable or metastatic solid tumours who have received prior systemic treatment and have no satisfactory alternative options.
US economy adds more jobs than expected in March
(Sharecast News) - The US economy added more jobs than expected in March, while the unemployment rate ticked lower, according to figures released on Friday by the Commerce Department.
Pinewood Technologies to return £358m to shareholders
(Sharecast News) - Pinewood Technologies announced a significant return of value to shareholders on Friday, following the disposal of its UK motor and leasing business to Lithia, as it announced on 1 February.
Taylor Maritime set to become sole owner of Grindrod Shipping
(Sharecast News) - Taylor Maritime Investments announced a proposal by its subsidiary, Grindrod Shipping Holdings, to conduct selective capital reduction on Friday.
Tekcapital upbeat on progress at investee company Guident
(Sharecast News) - Tekcapital updated the market on its investee company Guident on Friday, as the latter incorporated its remote monitoring and control (RMCC) technology into the MiCa autonomous shuttle being developed by Auve Tech.
NAHL Group exploring sale of critical care business
(Sharecast News) - NAHL Group confirmed on Friday that it is currently investigating the potential sale of its critical care business, Bush & Co.
Thames Water holding company defaults on debts
(Sharecast News) - Thames Water holding company Kemble Water Finance has defaulted on its debts after failing to make good on an interest payment due earlier this week.
Jonnson & Johnson to buy Shockwave Medical for $13.1bn
(Sharecast News) - Johnson & Johnson said on Friday that it has agreed to buy Shockwave Medical, which develops products for the treatment of cardiovascular disease, for $13.1bn.
Hutchmed China to make several presentations at cancer research meeting
(Sharecast News) - Hutchmed China announced the upcoming presentation of new and updated data from various studies featuring compounds it had discovered on Friday, at the American Association of Cancer Research (AACR) annual meeting from 5 to 10 April in San Diego, California.
Red Rock reports progress in Burkina Faso, DRC
(Sharecast News) - Natural resources developer Red Rock Resources updated the market on two key areas on Friday, being the ongoing arbitration in the Democratic Republic of the Congo (DRC) related to the VUP copper-cobalt joint venture, and developments regarding its gold assets in Burkina Faso.
Chamberlin chairman, finance director announce resignations
(Sharecast News) - Specialist castings and engineering group Chamberlin announced significant changes to its board on Friday, with non-executive chairman Keith Butler-Wheelhouse retiring from the board with immediate effect after 12 years of service.
Agronomics invests another $10m in Liberation Labs
(Sharecast News) - Cellular agriculture investor Agronomics announced a significant investment of $10m in its portfolio company Liberation Labs on Friday, as part of a broader $12.5m financing round, with existing investor Siddhi Capital also participating.
Steppe Cement reports lower production, revenue in first quarter
(Sharecast News) - Steppe Cement said in an update on Friday that in the first quarter of 2024, it sold 175,383 tonnes of cement, generating KZT 3.78bn (£6.69m) in revenue.
Beeks Financial Cloud inks service partnership with STT
(Sharecast News) - Beeks Financial Cloud announced a strategic collaboration with Securities & Trading Technology (STT) on Friday, which it described as a reputable entity specialising in trading, clearing, and surveillance technology.
Rua Life Sciences shares surge on margin guidance
(Sharecast News) - Shares in AIM-listed Rua Life Sciences soared on Friday after the medical device business revealed that full-year margins will be stronger than expected as a result of strict cost control.
Body Shop administrators plotting CVA - report
(Sharecast News) - Administrators to The Body Shop are reportedly drawing up plans to launch a further restructuring process in a bid to salvage a future for the well-known high street brand.
Berenberg slightly raises target price on The Gym Group
(Sharecast News) - Analysts at Berenberg slightly raised their target price on The Gym Group from 115.0p to 121.0p on Friday, stating the firm's new growth plan could very well deliver gains.
Ceva offer for Wincanton lapses as board goes for GXO bid
(Sharecast News) - Wincanton confirmed on Friday morning that Ceva Bidco's increased and final bid to acquire Wincanton had lapsed.
Experian to buy Illion for up to AUD820m
(Sharecast News) - Credit data firm Experian has agreed to buy Illion, one of the leading consumer and commercial credit bureaus in Australia and New Zealand, for up to AUD820m (£427.2m).
OSB Group appoints Victoria Hyde as CFO
(Sharecast News) - OSB Group said on Friday that it has appointed Victoria Hyde as its new chief financial officer and executive director with effect from 10 May.
Majestic rescues Vagabond Wines from administration, saves 170 jobs
(Sharecast News) - Wine retailer Majestic has bought struggling wine bar chain Vagabond Wines, safeguarding 170 jobs and saving nine of its 12 bars from closure.
Alliance Pharma to delay release of 2023 results
(Sharecast News) - Shares in Alliance Pharma slipped on Friday after the healthcare company said that its full-year results would be delayed.
AstraZeneca announces positive lung cancer treatment trial results
(Sharecast News) - AstraZeneca announced positive high-level results from a phase three trial demonstrating significant advancements in the treatment of limited-stage small cell lung cancer (LS-SCLC) on Friday.
Shell lifts production guidance for first quarter
(Sharecast News) - Oil and gas titan Shell has raised its short-term production forecasts and said it expects an increase in margins as it updated its guidance for the first quarter on Friday.
Google parent Alphabet reportedly eyeing up HubSpot
(Sharecast News) - Google's parent Alphabet is reportedly considering making an offer to acquire HubSpot, an online marketing software firm valued at $35bn.
Friday preview: U.S. non-farm payrolls, U.K. house prices in focus
(Sharecast News) - Investors' attention at the end of the week will be squarely on the U.S. non-farm payrolls report for March.
RBC lifts forecasts for Ryanair, keeps at 'outperform'
(Sharecast News) - RBC Capital Markets has lifted its target price for budget airline Ryanair after upping its forecasts on the back of lower fuel cost projections.
React Group secures three big contracts
(Sharecast News) - Cleaning, hygiene and decontamination service provider React Group announced the acquisition of three significant contracts, collectively valued at over £1.3m annually, on Thursday.
Gooch & Housego confident despite some reduced demand
(Sharecast News) - Photonic components and systems specialist Gooch & Housego said in an update on Thursday that in its first half, it saw some customers in its industrial and medical laser markets adjusting their inventory levels, resulting in reduced demand for certain products.
RBC Capital cuts Burberry price target ahead of FY results
(Sharecast News) - RBC Capital Markets cut its price target on Burberry on Thursday to 1,200p from 1,500p as it reduced estimates ahead of the full-year results, which it said are unlikely to surprise positively.
International Paper to seek secondary London listing if DS Smith deal goes ahead
(Sharecast News) - International Paper said on Thursday that it had made "significant progress" in reciprocal due diligence with regards to a potential takeover offer for UK-based DS Smith, and that it could seek a secondary listing in London if a deal goes ahead.
GetBusy acquires pricing intelligence platform SmartPath
(Sharecast News) - GetBusy announced the acquisition of the trade and assets of SmartPath on Thursday, which it described as a pricing intelligence and revenue optimisation platform tailored for the accounting industry.
Plant Health Care registers nematode control product in Mexico
(Sharecast News) - Plant Health Care announced the registration with the Mexican Federal Commission for the Protection against Sanitary Risk (COFEPRIS) of PHC68949, a biological nematode control product, and its impending commercial launch in Mexico on Thursday.
Eco Animal Health sells equine parasite treatment for EUR 1.3m
(Sharecast News) - Eco Animal Health announced the sale of 'ECOmectin Horsepaste' to its manufacturing partner Acme Drugs in Italy on Thursday, for total consideration of €1.3m.
BT Group shares ripe for a re-rating, says JPMorgan
(Sharecast News) - Shares of BT Group appear heavily undervalued and "ripe for a major re-rating", JPMorgan Cazenove said in a note on Thursday.
Cavendish Financial flags significant second-half growth
(Sharecast News) - Cavendish Financial said in an update on Thursday that in the second half of its financial year it experienced significant growth, with revenues expected to reach £34.5m, representing an increase of around 77% compared to the pro forma revenue of £19.5m in the first half.
Amaroq starts first underground mining blast at Nalunaq
(Sharecast News) - Amaroq Minerals announced a significant milestone on Thursday, with the successful start of the first underground mining blast at the Nalunaq site in Southern Greenland.
Union Jack Oil starts US trading on OTCQB Venture Market
(Sharecast News) - Onshore hydrocarbon explorer and developer Union Jack Oil announced the approval of its ordinary shares for trading on the OTCQB Venture Market in the US on Thursday, with trading starting at market open under the ticker 'UJOGF'.
Amazon to cut hundreds of jobs in AWS division
(Sharecast News) - Amazon's cloud computing arm, Amazon Web Services (AWS), announced significant layoffs affecting hundreds of employees overnight on Thursday, in its physical stores technology and sales and marketing sectors.
Space NK owner Manzanita preparing £400m sale - report
(Sharecast News) - The long-standing owner of high street beauty retailer Space NK is reportedly preparing to put it up for sale with a price tag of more than £300m.
Co-op Group FY profits slump amid record levels of shoplifting
(Sharecast News) - Supermarket chain Co-op Group posted a sharp drop in full-year profits on Thursday as a result of record levels of shoplifting and competition from discount rivals.
Gulf Marine Services annual profits grow, FY24 outlook strong
(Sharecast News) - Energy industry services business Gulf Marine Services said on Thursday that both revenue and profits had grown in 2023.
Motorpoint sees FY losses at 'favourable end' of expectations
(Sharecast News) - Vehicle retailer Motorpoint said on Thursday that full-year pre-tax losses were set to be "at the favourable end" of management expectations following a strong performance in the fourth quarter.
Lords Group appoints new finance chief
(Sharecast News) - Building materials distributor Lords Group announced the appointment of Stuart Kilpatrick as its new chief financial officer on Thursday, succeeding Chris Day.
Kering drops £1.1bn to snap up historic building in Milan
(Sharecast News) - French luxury giant Kering has announced that it is spending €1.3bn (£1.1bn) on a historic building in Milan, giving it one of the largest retail spaces in the city's fashion district.
CAB Payments gets Netherlands payment service provider licence, shares surge
(Sharecast News) - CAB Payments surged on Thursday after its Dutch subsidiary secured a payment service provider licence with De Nederlandsche Bank N.V. (DNB).
Ascential lays out plans to return £850m to shareholders
(Sharecast News) - Ascential expanded on its plans to return £850m to shareholders on Thursday, involving a tender offer to acquire up to £300m of Ascential shares, a special dividend of at least £450m, and on-market share buyback programmes to acquire £100m of Ascential shares.
Supermarket Income declares dividend, suspends scrip alternative
(Sharecast News) - Grocery property investor Supermarket Income REIT announced an interim dividend for the quarter ended 31 March on Thursday, of 1.515p per share.
Ocado chair Haythornthwaite to step down next year
(Sharecast News) - Ocado said on Thursday that chairman Rick Haythornthwaite will be stepping down next year "due to his increasing commitment" as the recently-appointed chair of NatWest.
DS Smith extends Mondi offer deadline by two weeks
(Sharecast News) - DS Smith, the packaging group at the centre of a a bidding war between UK-listed Mondi and US firm International Paper, has extended the so-called 'put up or shut up' deadline for the former to make a firm offer.
Bet365 fined £582,000 for failures at online business
(Sharecast News) - Bet365 has been fined £582,120 by the Gambling Commission for anti-money laundering and social responsibility failures at its online business.
Drax Group signs new £150m loan
(Sharecast News) - Power generation business Drax has signed a new £150m term-loan facility to help refinance its debt.
CMA to launch in-depth probe into Vodafone's merger with Three
(Sharecast News) - The Competition and Markets Authority said on Thursday that it will launch an in-depth investigation into the planned £15bn merger between Vodafone and CK Hutchison's Three that was announced last year.
Thames Water at loggerheads with lenders over £190m loan
(Sharecast News) - Chinese state-owned banks will play a pivotal role in the future of Thames Water as the utility provider remains at loggerheads with lenders in a stand-off over debt at its parent company.
Future returns to organic revenue growth in second quarter
(Sharecast News) - Future reported a return to organic revenue growth in its second quarter on Thursday, largely attributed to robust performances in Go.Compare, B2B sectors, and resilient magazine sales.
Entain chair steps down while CEO search continues
(Sharecast News) - Entain, the sports betting and gambling group currently without a permanent chief executive, has announced that chair Barry Gibson will also step down later this year following a four-year tenure.
Duke Capital makes follow-on investment in New Path
(Sharecast News) - Duke Capital announced a follow-on investment of £3.85m into its existing capital partner, New Path Fire and Security, on Wednesday.
GreenRoc secures exploration licence extension in Greenland
(Sharecast News) - GreenRoc Mining announced on Wednesday that the Greenland government has approved the extension of its exclusive mineral exploration licence 2022-03.
Calnex ends tougher year in line with market forecasts
(Sharecast News) - Telecommunications and cloud computing test and measurement specialist Calnex Solutions said in an update on Wednesday that for the 2024 financial year, it anticipated results in line with market expectations, with revenues reaching £16.3m and margins maintained.
Corero secures large contract renewal and expansion
(Sharecast News) - Corero Network Security announced a substantial contract renewal and expansion with a prominent US software-as-a-service (SaaS) provider on Wednesday, marking one of its most significant transactions to date.
Genedrive shares jump on NICE test recommendation
(Sharecast News) - Genedrive shares were surging on Wednesday, after it received a significant endorsement from the UK's National Institute for Health and Care Excellence (NICE) regarding its 'CYP2C19-ID' test.
Time Finance expands its funding facilities
(Sharecast News) - Specialist finance provider Time Finance announced a significant expansion of its asset finance facility in collaboration with the British Business Bank on Wednesday, under its 'ENABLE' funding programme.
SDX starts drilling BMK-2 well in Morocco
(Sharecast News) - SDX announced the start of drilling operations for the Beni Malek-2 well (BMK-2) in the Rharb Basin of Morocco on Wednesday, situated 1.5 kilometres from the BMK-1 discovery well.
Alpha Group lays out plans for main market listing
(Sharecast News) - Alpha Group International affirmed its plan to seek admission to the Official List premium segment and trade on the main market of the London Stock Exchange on Wednesday.
Thursday preview: Fedspeak, U.S. jobs data in focus
(Sharecast News) - America's central bank will continue to be front and centre on investors' minds on Thursday.
AB Dynamics acquires Michigan-based VTS
(Sharecast News) - AB Dynamics announced the completed acquisition of Venshure Test Services (VTS) on Wednesday, marking a significant expansion of its testing capabilities, particularly in the United States.
Berenberg sees further upside at GSK despite recent rally
(Sharecast News) - Shares in biopharma giant GSK were in the red on Wednesday, pulling back after a strong performance so far this year, but broker Berenberg still sees further upside, reiterating a 'buy' rating on the stock.
IDS proposes axing some daily Royal Mail services
(Sharecast News) - International Distributions Services proposed an end to daily Second Class deliveries by Royal Mail on Wednesday, in its submission to Ofcom on the future of the Universal Service, in a bid to save up to £300m per year.
Supermarket Income REIT increases facility with SMBC
(Sharecast News) - Supermarket Income REIT announced an increase in its unsecured facility with Sumitomo Mitsui Banking Corporation (SMBC) of £37.5m on Wednesday, bringing the total to £104.5m.
Supermarket Income REIT increases facility with SMBC
(Sharecast News) - Supermarket Income REIT announced an increase in its unsecured facility with Sumitomo Mitsui Banking Corporation (SMBC) of £37.5m on Wednesday, bringing the total to £104.5m.
Virgin Atlantic reports record revenue as losses narrow
(Sharecast News) - Virgin Atlantic reported record total revenue of £3.1bn in its 2023 results on Wednesday, up £265m year-on-year as the long-haul airline capitalised on demand for premium leisure travel and holidays.
Barclays gives Segro a double upgrade
(Sharecast News) - Barclays has upgraded its rating on industrial real estate group Segro by two notches from 'underweight' to 'overweight' as part of its review of the European warehouse sector.
De La Rue secures 5-year extension to Microsoft contract
(Sharecast News) - De La Rue said on Wednesday that it has signed a five-year renewal of its contract with Microsoft for the supply of "innovative authentication solutions" to the company's OEM, Retail and Xbox channels.
Siemens not planning to make offer for Renishaw
(Sharecast News) - German engineering firm Siemens confirmed late on Tuesday that it does not intend to make an offer for London-listed Renishaw.
Ryanair traffic jumps 8% in March, load factor steady
(Sharecast News) - Low-cost airline Ryanair reported an 8% jump in March traffic on Wednesday.
Topps Tiles H1 profitability hit by weaker market
(Sharecast News) - Topps Tiles cautioned on Wednesday that first-half profitability would be hit by a number of factors including a weaker market, as it reported a fall in revenues.
Spire offloads Tunbridge Wells hospital for £10m
(Sharecast News) - Healthcare group Spire has announced the recent sale of one of its leasehold hospitals in Tunbridge Wells for £10m, which it says was part of its "consistent and proactive approach to portfolio management".
Wizz Air passenger numbers grow further in March
(Sharecast News) - Low-cost airline Wizz Air said in an update on Wednesday that it transported 4,778,980 passengers in March, marking a 12% increase compared to the same period last year.
Peel Hunt flags full-year loss amid challenging market
(Sharecast News) - Peel Hunt said in an update on Wednesday that it expected revenue for the financial year just ended to align closely with market projections, reaching about £85.5m - a notable uptick of around 4% compared to £82.3m in the 2023 period.
China's Caixin services PMI ticks up as expected in March
(Sharecast News) - Activity in China's services sector grew as expected in March, according to figures released on Wednesday.
Hilton Foods sees profits jump 20% on seafood performance
(Sharecast News) - Meat, seafood and meat alternatives group Hilton Foods saw profits rise by a fifth in 2023 despite modest top-line growth. helped by the turnaround in its seafood business.
Royal Mail appoints Heathrow executive as new CEO
(Sharecast News) - Royal Mail has appointed a senior executive from Heathrow to become its next boss as parent company International Distribution Services looks to turn its fortunes around.
Naked Wines confirms start-of-year management changes
(Sharecast News) - Naked Wines confirmed the appointment of Rodrigo Maza as group chief executive officer on Tuesday, as it entered its 2025 financial year.
MTI Wireless Edge secures $1.2m antenna order
(Sharecast News) - Communications and radiofrequency technology specialist MTI Wireless Edge announced on Tuesday that its antenna division had secured a significant repeat order for the production of military antennas.
Agronomics investee Onego Bio raises EUR 27m
(Sharecast News) - Cellular agriculture investor Agronomics announced on Tuesday that its portfolio company Onego Bio has secured €27m in its series A financing round.
Superdry tanks as CEO decides against rescue bid
(Sharecast News) - Shares in Superdry tanked by more than half on Tuesday after the struggling fashion retailer revealed that chief executive Julian Dunkerton had decided against making an offer for company.
DSW Capital appoints Pete Fendall as COO, interim CFO
(Sharecast News) - DSW Capital announced the appointment of Peter 'Pete' Fendall to its board on Tuesday, as its chief operating officer.
Software Circle agrees sale of Printing.com domain
(Sharecast News) - Software Circle announced the sale of the domain name Printing.com to JAL Equity, a prominent owner and operator of marketing, printing, signage, and promotion businesses in the US, for $2.27m (£1.8m) on Tuesday.
Cordel reports solid operational progress
(Sharecast News) - Transport technology specialist Cordel Group said in an update on Tuesday that the $6.7m contract with Amtrak was progressing favourably.
United Oil upbeat on extension of Waddock Cross licence
(Sharecast News) - United Oil & Gas updated the market on the Waddock Cross oil field on Tuesday, in which it holds a 26.25% working interest, announcing the extension of the PL090 licence, the home of the Waddock Cross field, for an additional five years.
Sunrise Resources agrees sale of 29 Nevada mining claims
(Sharecast News) - Sunrise Resources announced an agreement for the sale of 29 mining claims dedicated to diatomite in the Crow Springs area of Nevada on Tuesday, to Dicalite Management Group.
Mission Group confident despite fall in operating profit
(Sharecast News) - Digital marketing and communications specialist, the Mission Group reported revenue of £86.3m in its final results for 2023 on Tuesday, reflecting an increase of £6.7m.
Hutchmed endometrial cancer treatment gets priority review in China
(Sharecast News) - Hutchmed China announced the acceptance and granting of priority review by the China National Medical Products Administration (NMPA) for a new drug application combining fruquintinib and sintilimab for the treatment of advanced endometrial cancer on Tuesday.
UBS to launch new $2bn buyback
(Sharecast News) - Swiss banking giant UBS on Tuesday announced plans to launch a new $2bn share buyback programme following the completion of its merger with Credit Suisse.
Renew Holdings trades as expected in first half
(Sharecast News) - Engineering services provider Renew Holdings said in an update on Tuesday that its first half trading performance matched management's projections, with robust demand across all its primary markets.
ShoreCap upgrades Frontier Developments to 'buy'
(Sharecast News) - Analysts at ShoreCap upgraded their recommendation for shares of Frontier Developments from 'hold' to 'buy', citing the shares' valuation and progress on its shift back to its core strength.
Renewi shares rise on new Dutch facility opening
(Sharecast News) - Shares in Renewi rose strongly on Tuesday after the FTSE 250-listed recycling firm announced the opening of a new hard plastics sorting facility in The Netherlands which it said will help deliver on its sustainable organic growth objectives.
Wednesday preview: Fed's Powell, US services PMI in focus
(Sharecast News) - Investors' focus in the middle of the week will be on Fedspeak, not least a speech by U.S. central bank governor Jerome Powell.
Bank of Georgia gets green light for Ameriabank acquisition
(Sharecast News) - Bank of Georgia announced a milestone in its expansion plans involving the acquisition of Ameriabank on Tuesday.
RHI Magnesita buys US group Resco for $430m
(Sharecast News) - RHI Magnesita said it was buying Resco Group, a US-based producer of alumina monolithics and refractories, for up to $430m.
US FDA gives green light for use of AstraZeneca's Voydeya
(Sharecast News) - America's drug regulator gave the green light to AstraZeneca's for the add-on use of Voydeya in the treatment of extravascular haemolysis (EVH) in patients with paroxysmal nocturnal haemoglobinuria (PNH).
Simec Atlantis gets first £5m under EL land sale deal
(Sharecast News) - Simec Atlantis Energy confirmed the receipt of the first £5m milestone payment under its agreement with EL Uskmouth, a subsidiary of FPC Electric Land, on Thursday.
MediaZest reports continued robust trading
(Sharecast News) - Audio-visual specialist MediaZest said in an update on Thursday that, as explained in its full-year results earlier this month, it had seen a significant increase in activity during the final quarter of the last financial year ended 30 September.
Berenberg downgrades DFS, prefers Dunelm
(Sharecast News) - Analysts at Berenberg downgraded their recommendation for shares of DFS Furniture from 'buy' to 'hold' on anticipation that management's guidance for improved demand in mid-2024 would prove premature.
Ethernity reports positive discussions with potential customers
(Sharecast News) - Networking processing semiconductor technology specialist Ethernity Networks said in an update on Thursday that, throughout the year to date, it had engaged positively with several potential new customers, including two OEM vendors.
Hutchmed cancer treatment indication accepted for review in China
(Sharecast News) - Hutchmed China announced a significant milestone in its cancer treatment work on Thursday, with the supplemental new drug application (sNDA) for savolitinib had been accepted for review by the China National Medical Products Administration (NMPA).
Kitwave buys Total Foodservice in £21m deal
(Sharecast News) - Wholesaler Kitwave announced the acquisition of Total Foodservice Solutions on Wednesday, an independent food wholesaler operating in the North of England.
Idox trading as expected in year-to-date
(Sharecast News) - Information management and geospatial software specialist Idox said in a trading update on Thursday that its operational and financial performance had remained in line with the board's expectations in the financial year to date, instilling confidence in its outlook.
James Latham revenue still in line with forecasts
(Sharecast News) - James Latham said in a trading update on Thursday that fiscal year revenue had remained in line with market forecasts, with stable cost prices seen for both timber and panels.
Pantheon Resources reports planning and funding progress
(Sharecast News) - Pantheon Resources reported progress in its development planning and funding initiatives in an update on Thursday.
Walgreens Boots Alliance grows Q2 sales but cuts profit target
(Sharecast News) - Shares in American retail pharmacy chain Walgreens Boots Alliance rose on Thursday despite the company cutting its annual targets due to challenging conditions in the US, as sales in its second quarter came in ahead of expectations.
Home Depot to buy SRS Distribution in $18.25bn deal
(Sharecast News) - Home Depot said on Thursday that it has agreed to buy SRS Distribution, a residential specialty trade distribution company, for around $18.25bn.
JD Sports update provides 'sense of relief', says Shore Capital
(Sharecast News) - Shore Capital has reiterated its 'buy' rating for JD Sports after a reassuring trading update from the sportswear and footwear retailer, which has given the stock a boost as it recovers after a profit warning at the start of the year.
Berenberg impressed by "exceptional" dealmaking at Diploma
(Sharecast News) - Berenberg has hiked its target price for controls, seals and life sciences equipment firm Diploma by 16%, saying there is "a lot to like" about this week's acquisition of US-based specialty fasteners business Peerless.
International Public Partnerships manages 5pc dividend growth
(Sharecast News) - Infrastructure investment company International Public Partnerships reported full-year dividend growth of 5% in its full-year results on Thursday, to 8.13p per share, in line with the increased dividend target it had set earlier.
3i Infrastructure expects to hit targets with annual results
(Sharecast News) - Infrastructure investment group 3i Infrastructure said trading towards the end of its financial year has been in line with expectations with its portfolio performing well and delivering strong earnings growth.
AO World sees FY profit 'at least' at top end of guidance
(Sharecast News) - Electrical retailer AO World said on Thursday that FY24 adjusted pre-tax profit was set to be "at least" at the top end of the guided range of £28m to £33m.
UK regulator decides against in-depth probe of Aviva/AIG deal
(Sharecast News) - Britain's Competition and Markets Authority on Thursday said it would not open an in-depth investigation into Aviva's £460m acquisition of AIG Life UK.
888 reaches deal to sell US B2C operations for undisclosed amount
(Sharecast News) - Gambling group 888 has announced that it is selling its B2C operations in the US to online sports betting and interactive gaming company Hard Rock Digital after a strategic review of the business.
Thames Water in crisis as investors pull £500m bailout
(Sharecast News) - Struggling UK utility Thames Water faced a funding crisis on Thursday as shareholders pulled a £500m bailout after regulators refused its demands to hit customers with massive price hikes, greater leniency for polluting waterways and pay out higher dividends, while its parent company also admitted it couldn't pay back a £190m loan.
Capricorn Energy announces $50m special divi alongside results
(Sharecast News) - Capricorn Energy announced plans for a proposed $50m special dividend alongside its full-year results on Thursday.
Quiz announces board changes amid subdued trading
(Sharecast News) - Shares in clothing retailer Quiz were sliding on Thursday morning, after it reported continued subdued trading alongside significant changes to its board, as part of a strategic review.
Keysight outbids Viavi in £1.2bn takeover of Spirent Communications
(Sharecast News) - Keysight Technologies has reached a deal to buy Spirent Communications for £1.16bn, outbidding US peer Viavi Solutions which had already agreed to take over the UK telecoms group earlier this month.
JD Sports shares up despite 'challenging' market, January sales slip
(Sharecast News) - JD Sports Fashion shares jumped on Thursday as investors breathed a sigh of relief that a trading update essentially reaffirmed guidance after a profits warning in January, despite continuing "challenging" trading and flat like-for-like fourth-quarter sales.
Great Western Mining posts encouraging results from Olympic Project
(Sharecast News) - Great Western Mining released encouraging results from its ongoing exploration efforts on the Rhyolite Dome gold target on Wednesday, within its Olympic Gold Project in Nevada.
Ten Lifestyle inks significant contract with Emirates NBD
(Sharecast News) - Ten Lifestyle Group announced a significant multi-year contract with Emirates NBD, a prominent banking group in the Middle East, North Africa and Türkiye region, on Wednesday.
European Metals confident in timeline of Cinovec feasibility study
(Sharecast News) - European Metals Holdings updated the market on progress at the Cinovec Project in the Czech Republic on Wednesday, owned by its 49% subsidiary Geomet, focusing on the ongoing definitive feasibility study.
Accesso enters partnership with Saudi Entertainment Ventures
(Sharecast News) - Accesso Technology Group announced a partnership on Wednesday with Saudi Entertainment Ventures (Seven), a subsidiary of the Saudi Arabia Public Investment Fund (PIF).
SigmaRoc completes acquisition of CRH's UK lime assets
(Sharecast News) - Lime and limestone specialist SigmaRoc announced the completion of its acquisition of the UK lime operations of CRH on Wednesday, which it first announced on 4 March.
James Halstead reports solid first half
(Sharecast News) - Floor coverings manufacturer and distributor James Halstead reported robust profitability and a record interim dividend in its interim results on Wednesday.
Strix posts growth in full-year revenue and operating profit
(Sharecast News) - Strix Group reported a 35.2% jump in revenue in its 2023 results on Wednesday, to £144.6m, accompanied by an increase in gross profit to £57.2m, up 37.7%.
Thursday preview: US consumer confidence, UK Q4 GDP in the spotlight
(Sharecast News) - Investors' attention on Thursday will be on a raft of economic data releases on the other side of the Atlantic.
H&M surges as Q1 results top expectations
(Sharecast News) - Swedish fashion retailer H&M surged on Wednesday after posting better-than-expected results for the first quarter.
JPMorgan puts IAG on 'positive catalyst watch' ahead of Q1 results
(Sharecast News) - JPMorgan Cazenove placed shares of BA and Iberia owner IAG on 'positive catalyst watch' on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.
Old Mutual reports solid growth in challenging market
(Sharecast News) - Old Mutual reported notable growth in its results for 2023 on Wednesday, including a 14% increase in results from operations, reaching ZAR 8.34bn (£349.18m), and a 21% rise in adjusted headline earnings to ZAR 5.86bn.
Vanquis returns to profitability in second half
(Sharecast News) - Vanquis Banking Group reported a significant second-half turnaround on Wednesday, as after recording a loss in the first half, its new management team implemented swift changes, resulting in an adjusted profit before tax of £30.4m in the second six months of 2023.
S4 Capital appoints new COO; revenues drop
(Sharecast News) - Martin Sorrell's S4 Capital appointed a new chief operating officer on Wednesday as it reported a drop in revenues as clients cut back on advertising spend.
SSE narrows full-year EPS guidance
(Sharecast News) - SSE said on Wednesday that it was narrowing its guidance for full-year 2023/24 adjusted earnings per share, partly to reflect improved renewables output.
Endeavour probe into former CEO finds hidden payments of $15m
(Sharecast News) - An investigation into controversial former Endeavour Mining boss Sébastien de Montessus found two more "deliberately disguised" payments totalling $15m to an unnamed third party, the company said on Wednesday.
Sirius makes first UK acquisition in Gloucestershire
(Sharecast News) - Sirius Real Estate announced a significant portfolio expansion on Wednesday, with the acquisition of Vantage Point Business Village in Gloucestershire.
Revolution Beauty lifts FY outlook
(Sharecast News) - Revolution Beauty lifted its full-year outlook on Wednesday after continued strong trading.
Asos, Boohoo, Asda ordered to green up their act
(Sharecast News) - UK regulators have ordered Asda, Asos and Boohoo to avoid "greenwashing" environmental claims on the clothing they sell.
Europe open: Shares mirror weaker Wall St; H&M surges on Q1
(Sharecast News) - European shares were flat at the open as investors looked for direction and shares in Swedish fashion giant H&M surged after profits smashed estimates.
Playtech on track for medium-term targets as FY beats expectations
(Sharecast News) - Gambling software firm Playtech said on Wednesday that it was on track to meet its medium-targets after it performed ahead of expectations in FY2023.
BC Omega Holdco sells 50m shares in TI Fluid Systems in placing
(Sharecast News) - Peel Hunt said on Wednesday that BC Omega Holdco sold 50m ordinary shares in TI Fluid Systems in a placing.
CMC Markets sees FY operating income at top end of guidance
(Sharecast News) - CMC Markets said on Wednesday that FY 2024 net operating income was set to exceed the top end of the previously-guided range of £290m to £310m as positive momentum continued into the fourth quarter after a strong performance in Q3.
Ithaca eyes UK tie up with Eni; Profits slump on UK tax levy
(Sharecast News) - North Sea oil and gas producer Ithaca Energy on Wednesday said it was looking at a potential tie-up with Italy's largest energy firm Eni covering its UK assets and reported a slump in annual profits blaming the British government's energy tax and project impairments.
Nick Roberts to step down as Travis Perkins CEO
(Sharecast News) - Travis Perkins announced on Wednesday that Nick Roberts, who has served as chief executive officer for five years, would be stepping down from his role and from the board.
RBC Capital cuts Dr Martens target price
(Sharecast News) - RBC Capital Markets cut its price target on Dr Martens on Wednesday to 85p from 100p as it lowered its estimates for FY24-26 earnings per share by 7% to 10%.
EZ consumer sentiment climbs to three-month high
(Sharecast News) - Economic sentiment in the eurozone showed signs of improvement with a closely watched survey showing businesses were becoming more upbeat about future prospects.
Diploma buys US fastener maker Peerless for £236m
(Sharecast News) - Diploma said it had bought Peerless Aerospace Fastener, a distributor of specialty fasteners into the US and European aerospace markets for £236m.
DS Smith in talks with International Paper about possible takeover
(Sharecast News) - A bidding war was potentially on the cards on Tuesday as packaging company DS Smith - which recently agreed to be taken over by Mondi - confirmed it is in talks with New York-listed International Paper about a possible takeover offer.
BC Omega Holdco to sell around 30m shares in TI Fluid Systems in placing
(Sharecast News) - Peel Hunt said on Tuesday that BC Omega Holdco plans to sell around 30m shares in TI Fluid Systems in a placing to institutional investors.
Ferrexpo shares fall on court restrictions for subsidiaries
(Sharecast News) - Shares Ferrexpo fell on Tuesday after the iron ore pellet maker said a court had stopped the transfer of ownership and other share-related corporate rights of the company's Ukraine subsidiaries.
Niox Group reports solid growth in final results
(Sharecast News) - Niox Group reported a robust 18% increase in revenue in its final results on Tuesday, amounting to £36.8m compared to £31.3m in the prior year.
Big Technologies confident in return to growth after decent year
(Sharecast News) - Remote monitoring technology specialist Big Technologies reported double-digit organic revenue growth of 10% in its preliminary results on Tuesday, reaching £55.2m compared to £50.2m in 2022.
Amaroq Minerals reports solid progress in 2023
(Sharecast News) - Amaroq Minerals reported a robust liquidity position in its full-year results on Tuesday, with group liquidity reaching CAD 78.2m (£45.62m) as of 31 December.
YouGov reports strong growth as it integrates CPS acquisition
(Sharecast News) - YouGov reported 9% growth in revenue in its first-half results on Tuesday, to £143.1m, with underlying growth at 2% compared to the prior year.
CAB Payments disappoints with maiden annual results
(Sharecast News) - CAB Payments' stock dropped sharply on Tuesday after the cross-border payments and FX services provider underwhelmed with its 2023 results, with profits weighed down by IPO-related costs after its stock-market debut last year.
Fevertree earnings fall in mixed year for company
(Sharecast News) - Fevertree Drinks reported a mixed set of results for 2023 on Tuesday, with UK revenue down 1% to £114.8m, while US revenue jumped 22% to reach £117m.
Co-op Bank announces plans to cut 12pc of workforce
(Sharecast News) - The Co-operative Bank announced plans to slash 400 jobs on Tuesday, or about 12% of its current 3,000-strong workforce, in a bid to streamline operations and reduce costs.
JPMorgan puts Auto Trader on 'negative catalyst watch'
(Sharecast News) - Auto Trader slumped on Tuesday as JPMorgan Cazenove placed the shares on 'negative catalyst watch' ahead of FY24 results in May.
Trump's Truth Social set for $6.8bn valuation in Nasdaq debut
(Sharecast News) - Shares in Trump Media & Technology Group surged in pre-market trading on Tuesday ahead of its debut on the Nasdaq as the owner of Donald Trump's Truth Social social-media platform starts its first day as a public company valued at nearly $7bn.
888 posts full-year rise in revenue, adjusted earnings
(Sharecast News) - Gambling operator 888 Holdings reported a significant uptick in revenue in its 2023 results on Tuesday, up 38% to £1.71bn, while adjusted EBITDA jumped 41% to £308.3m on a reported basis.
888 posts full-year rise in revenue, adjusted earnings
(Sharecast News) - Gambling operator 888 Holdings reported a significant uptick in revenue in its 2023 results on Tuesday, up 38% to £1.71bn, while adjusted EBITDA jumped 41% to £308.3m on a reported basis.
Eurowag reports sustained growth as it completes investment phase
(Sharecast News) - WAG Payment Solutions, trading as Eurowag, reported sustained robust growth across its products and services in its preliminary results on Tuesday, meeting expectations for 2023.
Goldman Sachs downgrades Dr Martens to 'sell'
(Sharecast News) - Goldman Sachs downgraded Dr Martens to 'sell' from 'neutral' on Tuesday and cut the price target to 87p from 93p.
Softcat hits operating profit record even as revenue slips
(Sharecast News) - IT infrastructure specialist Softcat reported an 8.8% fall in first-half revenue on Tuesday, to £467.2m, but still achieved double-digit growth in gross profit, rising 11% to £196.5m.
Flutter losses widen on one-off costs but revenues boosted by US
(Sharecast News) - Paddy Power owner Flutter Entertainment posted a widening of its full-year losses on Tuesday due to one-off costs, but revenue surged and the company guided to 30% growth in 2024 core profit thanks to a strong performance in the US.
Wood Group misses estimates for 2023 but upgrades guidance
(Sharecast News) - Shares in Wood Group slumped on Tuesday despite an upgrade to its current-year outlook, as the engineering company reported wider-than-expected losses and increased debt levels for 2023.
Petershill Partners confident despite slide in income and profits
(Sharecast News) - Petershill Partners reported an adjusted profit after tax of $200m in its preliminary results on Monday, down from $273m year-on-year.
Pets at Home backs FY profit expectations
(Sharecast News) - Pets at Home backed its full-year profit guidance on Tuesday as fourth-quarter trends have been as expected.
Bellway eyes return to growth as first-half profits slump
(Sharecast News) - Interim profits at UK housebuilder Bellway dropped by more than a half on the back of a slump in housing completions and a deterioration in margins, but the company pointed to an improving economic outlook as mortgage rates continue to fall back.
Revolution Bars exploring options including sale
(Sharecast News) - Revolution Bars confirmed on Tuesday that it is exploring strategic options, including the potential sale of all or part of the group.
AG Barr beats guidance with strong profit growth
(Sharecast News) - British beverages and energy drinks maker AG Barr beat its own guidance with a 16.1% jump in full-year profits in 2023 as it managed to outperform the wide soft drinks market.
ASOS H1 sales fall 18% but annual guidance held
(Sharecast News) - UK-based online fashion retailer ASOS said first-half sales fell 18% but held guidance for a decline over the full year as a turnaround plan started to take shape.
Affordable housing developer Vistry to build 1,900 new homes
(Sharecast News) - Affordable housing group Vistry has signed two new partnership agreements that will see it build 1,900 new homes in East Anglia and the South of England.
Ocado Retail sees strong first-quarter growth
(Sharecast News) - Ocado Group reported strong trading at its Ocado Retail venture in the first quarter on Tuesday, with an 8.1% year-on-year increase in total item volumes propelling retail revenue to £645.3m, itself up 10.6%.
Genel revenues slide as pipeline remains closed
(Sharecast News) - Genel Energy reported a significant decline in revenue to $84.8m in its full-year results on Tuesday, from $401.9m in 2022, attributed in part to the average Brent oil price dropping to $82 compared to $101 year-on-year.
RBC Capital downgrades Mobico to 'sector perform'
(Sharecast News) - RBC Capital Markets downgraded Mobico on Tuesday to 'sector perform' from 'outperform' and cut the price target to 80p from 110p following the company's update a day earlier.
Smiths Group in £100m buyback as H1 earnings rise; Names new CEO
(Sharecast News) - UK engineering group Smiths named a new chief executive and launched a £100m share buyback as it reaffirmed annual guidance after a rise in half-year earnings.
Lexington Gold makes progress in US, South Africa
(Sharecast News) - Lexington Gold updated the market on its ongoing drill programmes at the Jennings-Pioneer project in the US and the Bothaville project in South Africa on Monday.
Sondrel strikes deal for next phase of video chip contract
(Sharecast News) - Chip specialist Sondrel announced on Monday that it has successfully concluded negotiations for a material design and supply contract, as first announced on 27 February.
Orosur inks deal to buy back full share in Anza Project
(Sharecast News) - Orosur Mining updated the market on its Anzá Project in Colombia on Monday, the centrepiece of an exploration agreement with Minera Monte Águila (MMA), a joint venture equally owned by Newmont and Agnico Eagle Mines.
Abingdon Health progresses at-home STD test programme
(Sharecast News) - Abingdon Health updated the market on the development of self-tests for sexually transmitted diseases (STDs) on Monday, announcing the completion of the 'design freeze' stage for four key tests in collaboration with Devyn.
Oriole Resources announces fresh drilling plans in Cameroon
(Sharecast News) - West Africa-focussed gold explorer Oriole Resources announced plans for a phase five diamond drilling programme at its Bibemi orogenic gold project in Cameroon on Monday, scheduled to start in the second quarter.
Experian 'top pick', says JPMorgan
(Sharecast News) - JPMorgan Cazenove said on Monday that Experian was its top pick in the European business services sector, along with Bureau Veritas, both of which it rates at 'overweight'.
Central Asia Metals confident despite fall in revenue, earnings
(Sharecast News) - Central Asia Metals reported a decrease in gross revenue in its 2023 results on Monday, to $207.4m, down from $232.2m in the prior year.
Tuesday preview: US durable goods orders, Softcat in the spotlight
(Sharecast News) - Investors' focus on Tuesday will be on a raft of economic reports due out in the States.
Boeing chief executive, board chair both stepping down
(Sharecast News) - Boeing announced a series of changes within its board and management on Monday, with Dave Calhoun announcing his resignation, as the aerospace giant navigated turbulence around its 737 MAX product.
BioVentix revenue, earnings rise in first half
(Sharecast News) - Monoclonal antibody specialist BioVentix reported a 13% rise in first-half revenue on Monday, to £6.7m, compared to £5.9m in the prior year.
Ocado facing opposition to £15m bonus for Tim Steiner
(Sharecast News) - Ocado fell on Monday following a report over the weekend suggesting the company is under pressure over executive pay after an influential proxy adviser urged shareholders to vote against a new bonus scheme that could see boss Tim Steiner paid as much as £14.8m.
Apple, Meta, Alphabet face EU probe under digital markets law
(Sharecast News) - The European Union said it had started investigations into Google owner Alphabet, Apple and Meta over potentially uncompetitive practices.
Novo Nordisk snaps up CVD specialist Cardior Pharmaceuticals
(Sharecast News) - Danish pharma giant Novo Nordisk has announced it is spending just over a billion euros to take over heart treatment specialist Cardior Pharmaceuticals.
JPMorgan places Ashtead on 'positive catalyst watch' ahead of CMD
(Sharecast News) - JPMorgan Cazenove placed Ashtead on 'positive catalyst watch' on Monday ahead of its capital markets day in Atlanta on 29 April, as it expects the stock to outperform into/on the event.
Ferrexpo court dates delayed as operations continue
(Sharecast News) - Ferrexpo updated the market on the proceedings involving its subsidiary Ferrexpo Poltava Mining (FPM) on Monday.
Virgin Wines confident of meeting FY expectations after 'positive' H1
(Sharecast News) - Virgin Wines said on Monday that it was confident of meeting its full-year 2024 profit expectations following a "positive" first-half performance.
Octopus Renewables Infrastructure Trust ups divi despite drop in NAV
(Sharecast News) - Octopus Renewables Infrastructure Trust (ORIT), the clean energy investment fund of Octopus Energy Group, reported a small drop in net asset value in 2023, but still upped its payouts to shareholders after what it deemed a "resilient" performance.
Pennon trading in line, but bad weather impacts waste-water operations
(Sharecast News) - Water group Pennon said it expects to report full-year results in line with expectations as it makes record levels of investment in the current pricing cycle, though challenging weather conditions have impacted its waste-water operational performance.
Mobico shares slump as Nat Express owner warns on profit
(Sharecast News) - Shares in National Express owner Mobico slumped on Monday after the transport company issued a profit warning and said its annual results would be delayed further due to auditing issues at its German rail business.
AstraZeneca gets FDA approval for Ultomiris treatment
(Sharecast News) - AstraZeneca has announced that its autoimmune disease treatment Ultomiris has been given the green light by US regulators.
Henry Boot predicts brighter future but expects "lag" in performance
(Sharecast News) - UK-listed property developer Henry Boot has said that, while it expects macro conditions to improve this year, the company will see a "lag" in performance with results likely to be weighted to the second half.
Direct Line confident in standalone prospects as Ageas abandons pursuit
(Sharecast News) - Direct Line said on Monday that it was confident in its standalone prospects after Belgium's Ageas announced it would not be making an offer for the insurer following two failed attempts at engaging with the board.
Kingfisher issues profit warning on weaker French DIY market
(Sharecast News) - B&Q owner Kingfisher on Monday warned current-year profit would fall short of expectations after it posted weaker earnings for 2023-24 as the home improvement market continued to lag behind demand for housing.
Zephyr starts drilling activities at Paradox Basin well
(Sharecast News) - Rocky Mountains-focussed oil and gas operator Zephyr Energy announced the start of drilling activities at the State 36-2R well at its primary project in Utah's Paradox Basin on Friday.
Gemfields set to swing to loss in 2023
(Sharecast News) - Coloured gemstone specialist Gemfields said in a trading update on Friday that its two primary operating assets, Kagem and MRM, contributed revenues of $89.9m and $151.4m respectively in 2023, a slight decrease from the prior year.
Light Science Technologies enters Defra-funded collaboration
(Sharecast News) - Light Science Technologies announced its participation in a 12-month collaboration funded by the Department for Environment, Food and Rural Affairs (Defra) and Innovate UK's Transforming Food Production Challenge on Friday, with a total value of £0.23nm.
Light Science Technologies enters Defra-funded collaboration
(Sharecast News) - Light Science Technologies announced its participation in a 12-month collaboration funded by the Department for Environment, Food and Rural Affairs (Defra) and Innovate UK's Transforming Food Production Challenge on Friday, with a total value of £0.23nm.
Trakm8 shares slide as it lowers expectations
(Sharecast News) - Shares in fleet management, insurance telematics and connected vehicle technology specialist Trakm8 were sliding on Friday, after it warned that the conclusion of a large contract deal would slip into next financial year.
Alba reports progress at Clogau-St David's Gold Mine
(Sharecast News) - Alba Mineral Resources updated the market on its activities at the Lower Llechfraith workings within the Clogau-St David's Gold Mine in north Wales on Friday, and advancements across the broader Dolgellau Gold Belt.
Roadside Real Estate joint venture buys third property
(Sharecast News) - Roadside Real Estate announced Friday that it has completed its third acquisition under its joint venture with Meadow Partners, focussed on UK-based roadside real estate assets.
Paddy Clanwilliam resigns from Angus Energy board
(Sharecast News) - Angus Energy announced the resignation of Patrick 'Paddy' Clanwilliam from his position as non-executive chairman on Friday.
Shares in Galderma jump on market debut
(Sharecast News) - Shares in Switzerland's Galderma jumped on Friday, as trading got underway in the dermatology specialist.
Elliott Management takes 5% stake in Scottish Mortgage
(Sharecast News) - US activist investor Elliott Management has taken a 5% stake in Scottish Mortgage Investment Trust.
Billington order book at record high with six new contracts
(Sharecast News) - Structural steel and construction safety specialist Billington announced the acquisition of six significant contracts on Friday, with a cumulative value of £90m.
Tesla cuts production at China plant - report
(Sharecast News) - Tesla has reportedly cut production at its plant in China amid sluggish growth in electric vehicle sales and intense competition in the world's biggest auto market.
Santander on track to return €6bn to shareholders
(Sharecast News) - Spain's Banco Santander said on Friday it was on track to return more than €6bn to shareholders in 2024, following a strong start to the year.
FedEx shares hit three-year high after Q3 beat, $5bn buyback plan
(Sharecast News) - FedEx shares were soaring in pre-market trade on Friday after the delivery and logistics giant lifted its 2024 guidance and unveiled plans to buy back $5bn of shares following a better-than-expected third quarter.
Bahrain's Mumtalakat fund takes control of McLaren - report
(Sharecast News) - The sovereign wealth fund of Bahrain has taken full ownership of supercar manufacturer McLaren, according to Sky News.
RBC Capital downgrades St James's Place, slashes price target
(Sharecast News) - RBC Capital Markets downgraded St James's Place on Friday to 'sector perform' from 'outperform' and slashed the price target to 500p from 900p.
Aston Martin Lagonda appoints Bentley's Adrian Hallmark as CEO
(Sharecast News) - Aston Martin Lagonda on Friday announced Bentley Motors boss Adrian Hallmark would join the luxury car maker as chief executive officer by October this year.
Computacenter chair to step down after five years
(Sharecast News) - Computacenter's chair of five years Peter Ryan has announced his intention to step down from the head of the board, the tech services company said on Friday.
Berenberg downgrades Redrow on limited upside
(Sharecast News) - Berenberg has cut its rating for housebuilder Redrow from 'buy' to 'hold' following the company's announced merger with Barratt Developments.
Intercede lifts FY outlook on new order, 'strong' trading
(Sharecast News) - Intercede said on Friday that its full-year performance was set to be ahead of market expectations following an order for a new licence test environment and further "strong" trading.
KKR Dark Aggregator sells 19.4m Darktrace shares in placing
(Sharecast News) - Jefferies said on Friday that KKR Dark Aggregator sold 19.4m shares in cybersecurity firm Darktrace in a placing.
James Fisher shares jump on RMS disposal
(Sharecast News) - Shares in James Fisher and Sons surged on Friday after the marine, oil and gas services group announced the sale of its RMSpumptools division to US oilfield tech firm ChampionX for £90m.
888 shares rise as Gambling Commission finishes licence review
(Sharecast News) - Gambling operator 888 Holdings announced on Friday that it has received notice from the Gambling Commission that it had completed its review of the group's operating licences under the Gambling Act 2005.
Portugal's Navigator to buy UK loo roll maker Accrol in £127.5m deal
(Sharecast News) - AIM-listed toilet paper maker Accrol said on Friday that it has agreed to be bought by Portuguese paper firm Navigator in a £127.5m deal.
CMA warns Vodafone, Three deal will face full probe if solutions not given
(Sharecast News) - Vodafone and Three UK have been told to find ways to assuage Britain's competition regulator that their planned $19bn merger would not leave consumers worse off or face a full investigation.
Legal & General scales back China plans - report
(Sharecast News) - UK insurer and asset manager Legal & General Group has scaled back its plans for China, it was reported on Friday.
Computacenter reports record year but warns of challenging 2024
(Sharecast News) - Computacenter delivered another record year of revenues and adjusted profits with gross invoiced income topping the £10bn mark, but said that trading conditions at the start of this year are likely to be challenging.
Phoenix Group jumps on strong results as it sets out strategy
(Sharecast News) - Phoenix Group announced robust set of results for 2023 on Friday, with total cash generation of £2.024bn exceeding its upgraded target of £1.8bn for the year.
Froth comes off Wetherspoon despite jump in first-half profit
(Sharecast News) - Shares in JD Wetherspoon tanked on Friday despite the UK pub chain reporting surging interim profits as trading continued to improve from the impact of the Covid pandemic, with like-for-like sales up 5.8% in the seven weeks to March 17.
German business sentiment improves in March - Ifo
(Sharecast News) - German business sentiment improved in March, according to a survey released on Friday by the Ifo Institute.
KKR Dark Aggregator to sell 2.5% stake in Darktrace in placing
(Sharecast News) - Jefferies said on Thursday that KKR Dark Aggregator plans to sell a stake of around 2.5% in cybersecurity firm Darktrace in a placing to institutional investors.
Cambridge Cognition forms scientific advisory board
(Sharecast News) - Digital brain health solutions developer Cambridge Cognition announced the creation of a scientific advisory board on Thursday.
Feedback secures funding for Oldham pilot
(Sharecast News) - Feedback has secured £50,000 in funding to initiate a Community Diagnostic Centre (CDC) pathway pilot with the Oldham CDC, it announced on Thursday, managed by the Northern Care Alliance.
Capital Metals reports progress at Eastern Minerals Project
(Sharecast News) - Capital Metals, a mineral sands company on the verge of mine development at the high-grade Eastern Minerals Project in Sri Lanka, reported substantial progress in securing necessary permits and approvals for its operations on Thursday.
4basebio client gets approval to start trial in Australia
(Sharecast News) - Synthetic DNA product developer 4basebio announced on Thursday that its client, Helix Nanotechnologies, has achieved a significant milestone with the receipt of HREC approval in Australia.
BAE Systems selected by Australian govt to build nuclear powered submarines
(Sharecast News) - BAE Systems said on Thursday that it and ASC Pty Ltd have been selected by the Australian government to build the country's new fleet of nuclear powered submarines.
US government sues Apple for anti-competitive behaviour
(Sharecast News) - Shares in iPhone maker Apple were firmly lower on Thursday after the Department of Justice sued the tech giant for allegedly violating antitrust laws and preventing smartphone customers from switching to its rivals.
XLMedia to sell Europe, Canada assets for up to $42.5m
(Sharecast News) - AIM-listed XLMedia said on Thursday that it has agreed to sell its Europe and Canada assets for up to $42.5m to performance marketing and sports betting media firm Gambling.com (GAMB).
Mercia Asset Management secures two new BBB mandates
(Sharecast News) - Mercia Asset Management announced an expanded role in bolstering regional business growth on Thursday, with the acquisition of two new fund mandates from the British Business Bank (BBB).
Friday preview: UK retail sales, Phoenix Group in the spotlight
(Sharecast News) - Financial markets' focus at the end of the week would be on the UK consumer.
PetroTal ends year in line with guidance
(Sharecast News) - PetroTal said in an update on Thursday that in the fourth quarter, it saw average sales and production of 15,033 and 14,865 barrels of oil per day, respectively.
Avacta reaches milestone in AVA6000 dose escalation
(Sharecast News) - Avacta Group announced a significant milestone in its phase 1a dose escalation study of AVA6000, its lead 'preCISION' drug, on Thursday.
Trading in Reddit gets underway on Wall Street
(Sharecast News) - Trading in social media platform Reddit got under way on the New York Stock Exchange on Thursday, in one of the most high- profile tech debuts of recent years.
Berenberg ups targets for Vistry but risks remain
(Sharecast News) - Berenberg has hiked its target price for partnerships-focused affordable-housing builder Vistry by 15% but kept a 'hold' rating on the stock, saying the company is "well positioned, but delivery risk remains".
Citi, Barclays set to trim investment banking headcounts
(Sharecast News) - Banking giants Barclays and Citigroup were reportedly gearing up to trim their investment banking workforce, it emerged on Thursday, amid a slowdown in dealmaking activity within the sector.
Victoria promotes Roberto Moreno to group strategy chief
(Sharecast News) - Flooring specialist Victoria announced the appointment of Roberto Moreno as its new group chief strategy officer and principal duty manager on Thursday.
Gulf Keystone swings to loss in 2023
(Sharecast News) - Kurdistan-focused oil group Gulf Keystone Petroleum (GKP) swung to a small loss in 2023 as the suspension of exports and continued delays to payments from the regional government had a material impact on its financial performance.
RBC Capital downgrades Redrow to 'sector perform'
(Sharecast News) - RBC Capital Markets downgraded Redrow on Thursday to 'sector perform' from 'outperform' following a period of outperformance and the fact the share price is now linked to that of Barratt Developments.
GKN spin-off Dowlais points to flat revenues in 2024
(Sharecast News) - Shares in automotive engineering group Dowlais dropped on Thursday despite the announcement of a £50m share buyback, as the company pointed to stable revenues in 2024.
RBC Capital upgrades IAG to 'outperform'
(Sharecast News) - RBC Capital Markets upgraded BA and Iberia owner IAG on Thursday to 'outperform' from 'sector perform' and lifted the price target to 220p from 200p.
Energean hails 'transformational' year as profits, revenues surge
(Sharecast News) - Energean posted a surge in annual sales and earnings on Thursday, after the successful ramp-up of production from the Karish offshore gas field.
3i Group reports strong growth at Action
(Sharecast News) - 3i Group said in its third-quarter update on Thursday that its largest portfolio company, the Benelux discount retailer Action, recorded notable growth in its 2023 financial year, with net sales reaching €11.32bn and operating EBITDA hitting €1.62bn, marking a 28% and 34% increase, respectively, compared to 2022.
Ascential unveils £850m capital return as resized business delivers strong growth
(Sharecast News) - Ascential saw shares rise on Thursday after the events, intelligence and advisory company announced a capital return of £850m to shareholders after beating analysts' forecasts with its 2023 results.
Direct Line announces new cost-savings plan, declares 4p dividend
(Sharecast News) - Direct Line posted a widening of its full-year losses on Thursday as it announced a new £100m cost-savings plan and declared a 4p a share dividend.
Games Workshop sees trading in line, lifts dividend
(Sharecast News) - Warhammer maker Games Workshop said trading in the three months to the end of February 2024 had been in line with expectations.
Nationwide, Virgin Money agree terms of £2.9bn deal
(Sharecast News) - Virgin Money has formally agreed to be taken over by Nationwide Building Society in a £2.9bn deal.
Centamin holds outlook as production rises 2%
(Sharecast News) - Gold miner Centamin said its outlook for 2024 remained unchanged as it delivered annual production in line with guidance despite local inflationary cost pressures.
FirstGroup secures London Cable Car contract with TfL
(Sharecast News) - FirstGroup announced on Thursday that it has secured the contract from Transport for London (TfL) to operate the London Cable Car between the Greenwich Peninsula and the Royal Docks area along the River Thames.
Judges Scientific revenue rises, outlook more uncertain
(Sharecast News) - Scientific instrument sector investor Judges Scientific reported a 20% uptick in 2023 revenue in its final results on Thursday, reaching £136.1m, although its shares were sliding on a more uncertain outlook for 2024.
M&G beats profit forecasts with 28% profit growth
(Sharecast News) - Savings and investments firm M&G beat analysts' forecasts with its 2023 results, with net client flows, adjusted profits and operating capital generation all up materially on the previous year.
Next shares gain on guidance hold, 5% profit rise
(Sharecast News) - Shares in UK fashion retailer Next jumped on Thursday as it held guidance for 2024 after posting a better-than-expected 5% rise in annual profits and flagged lower prices for customers this year.
Thursday preview: Bank of Engand, M&G in focus
(Sharecast News) - Investors' focus on Thursday will be firmly on the Bank of England's interest rate decision.
Boeing sees bigger Q1 cash burn as 737 output cut
(Sharecast News) - Troubled US plane maker Boeing on Wednesday said it would burn more cash in the first quarter than expected as it slowed production of its 737 passenger model after a panel blew off an Alaska Airlines flight in January.
FDM Group warns on full year, shares tumble
(Sharecast News) - FDM Group tumbled on Wednesday as it warned that its 2024 financial performance was likely to be "materially below" its earlier expectations amid soft market conditions.
Shepherd Neame toasts jump in half-year sales
(Sharecast News) - Pubs and brewing group Shepherd Neame reported a jump in half-term sales and earnings on Wednesday, as inflationary pressures started to ease.
Netcall secures significant contract renewal
(Sharecast News) - Netcall announced a significant contract renewal with an unnamed transportation company on Wednesday, with the £7.6m five-year contract extension effective from 1 April reflecting a £0.4m annual increase compared to the original agreement.
EKF Diagnostics revenues, gross profits fall as expected
(Sharecast News) - EKF Diagnostics reported revenue of £52.6m in its final results on Wednesday, aligning with market projections, although lower than the prior year's figure of £66.6m.
IQGeo tops expectations in full-year results
(Sharecast News) - Geospatial technology company IQGeo reported a set of results exceeding market expectations for 2023 on Wednesday, achieving a record order intake of £57.2m, representing 40% growth compared to the prior year.
Intel secures nearly $20bn in federal funding to build new chip plants
(Sharecast News) - Chip giant Intel saw shares rise strongly in pre-market trade on Wednesday after it announced the receipt of nearly $20bn from the government as part of its plans to invest more than $100bn over the next five years, creating 10,000 new jobs across four sites in the US.
Transense installs Ryan Maughan as new managing director
(Sharecast News) - Transense Technologies named Ryan Maughan as its new managing director on Wednesday, effective immediately.
General Mills beats quarterly estimates, shares spark
(Sharecast News) - US food giant General Mills reported better-than-expected quarterly numbers on Wednesday, boosted by higher prices and market share gains.
Anpario confident despite fall in revenue, earnings
(Sharecast News) - Animal feed additives specialist Anpario reported revenue of £31m in its final results on Wednesday, down 6% year-on-year.
Poolbeg Pharma to be granted US patent
(Sharecast News) - Biopharmaceutical company Poolbeg Pharma announced on Wednesday that it has received a notice of allowance from the US Patent Office regarding its immunomodulator II patent application.
Strategic Minerals inks rights deal with the Duchy of Cornwall
(Sharecast News) - Strategic Minerals announced on Wednesday that its wholly-owned subsidiary Cornwall Resources (CRL) has finalised an exclusivity and prospecting agreement with the Duchy of Cornwall to advance the commercialisation of mineral rights in the East Cornwall and Tamar Valley region.
Abingdon Health to launch two Boots-branded self-tests
(Sharecast News) - Lateral flow test specialist Abingdon Health announced a partnership with Crest Medical on Wednesday, to introduce Boots' own-brand rapid self-tests across the UK and online.
Mike Ashley to act as advisor to Hornby
(Sharecast News) - Retailer Mike Ashley is to act as an adviser to Hornby, it was confirmed on Wednesday, after the tycoon's Frasers Group boosted its stake in the model specialist.
CleanTech pilot plant starts operations in Chile
(Sharecast News) - CleanTech Lithium announced the start of operations at its pilot plant on Wednesday, marking a significant milestone in its advancement of lithium projects in Chile.
Luxury stocks slide after Kering warns on profits
(Sharecast News) - Shares in Gucci-owner Kering tumbled on Wednesday, after the French luxury group warned on profits.
Equals Q1 revenues grow, granted extension to PUSU deadline
(Sharecast News) - Financial services company Equals Group said on Wednesday that revenues had grown by more than a quarter in the first three months of its fiscal year as a result of "robust" trading across the business, with particularly strong growth from its solutions unit.
Berenberg lifts Close Brothers target as regulatory risks reduce
(Sharecast News) - Shares in Close Brothers Group continued to surge on Wednesday after the merchant bank's first-half results in which the company eased investors' concerns about an upcoming regulatory probe, with Berenberg providing an extra boost after lifting its target price for the stock.
Greggs hit by card payment outage
(Sharecast News) - Bakery chain Greggs was facing disruptions in its operations on Wednesday morning, due to an IT issue impacting card payments.
HSBC 'impressed' by quality of Elementis portfolio
(Sharecast News) - HSBC upgraded Elementis to 'buy' on Wednesday and lifted the price target to 170p from 150p as it said it was impressed by the company's portfolio quality and management execution "amid a challenging macro and weak end markets".
Vitruvian sells 15.5m Trustpilot shares in placing
(Sharecast News) - Vitruvian Partners has sold 15.5m shares in Trustpilot in a placing at 200p each.
Alpha Group reports strong results, but cautious about interest rates
(Sharecast News) - Fintech and consultancy group Alpha Group International reported double-digit growth across the board for 2023 and said that 2024 has started well, but sounded a note of caution about how the year will play out as monetary policy begins to ease.
Computacenter shares slide despite year of growth
(Sharecast News) - Computacenter shares were sliding on Wednesday morning, despite the company reporting a record year for revenue, gross profit and adjusted earnings per share.
Investec delivers 'solid FY performance despite macro uncertainty
(Sharecast News) - International banking and wealth management group Investec delivered a "solid" full-year performance on Wednesday despite a prevailing "uncertain macroeconomic environment" and "persistent market volatility".
UK inflation falls to lowest since September 2021
(Sharecast News) - UK inflation eased a little more than expected in February, according to figures released on Wednesday by the Office for National Statistics, fuelling expectations of a rate this summer.
Prudential shares drop despite profit beat and bullish outlook
(Sharecast News) - Shares in Prudential tanked on Wednesday despite the insurance giant saying it is "increasingly confident" in meeting its long-term targets following a strong 2023, during which new business profits jumped by almost a half.
Johnson Matthey sells medical parts unit for $700m
(Sharecast News) - Johnson Matthey is selling its medical device components business to Montagu Private Equity for $700m (£550m), the company said on Wednesday.
Wednesday preview: US Federal Reserve, Ceres Power in the spotlight
(Sharecast News) - All eyes on Wednesday will be on the U.S. central bank.
Andrada Mining subsidiary inks financing deal with Bank Windhoek
(Sharecast News) - Andrada Mining announced a financing deal through subsidiary Uis Tin Mining Company (UTMC) Tuesday, with Bank Windhoek.
Ted Baker to appoint administrators
(Sharecast News) - Fashion brand Ted Baker is set to call in administrators, it emerged on Tuesday.
Majestic Wine in talks to buy Vagabond Wines - report
(Sharecast News) - Majestic Wine is reportedly in advanced talks to buy Vagabond Wines, the London-based chain that filed notice of its intention to appoint administrators earlier this month.
Xiaomi trebles profits in fourth quarter, but 2023 sales slip
(Sharecast News) - Adjusted profits at Chinese tech giant Xiaomi more than trebled in its fourth quarter to beat analysts' forecasts, though full-year revenues were down on 2022 as a result of a drop in smartphone sales.
Personal Group signs deal with unnamed global airline
(Sharecast News) - Personal Group announced a landmark contract signing by its pay and reward division on Tuesday, with an undisclosed global airline, for its reward consultancy arm Innecto.
Team Internet acquires Shinez in $42m deal
(Sharecast News) - Digital marketing specialist Team Internet Group announced the acquisition of Shinez and its subsidiaries on Tuesday to strengthen its portfolio and presence in the online marketing sector.
Mortgage Advice Bureau maintains dividend after mixed year
(Sharecast News) - Mortgage Advice Bureau said in its final results on Tuesday that despite a challenging environment, it achieved a revenue increase of 3.8% in 2023 to £239.5m, and a notable 11.5% rise in gross profit, reaching £70.2m.
Fintel earnings rise as it expands through acquisitions
(Sharecast News) - Financial technology and support specialist Fintel reported a 5.6% increase in adjusted EBITDA in its 2023 results on Tuesday, to £20.5m, with a margin improvement to 31.5%.
Tesco loses appeal over Lidl trademark infringement
(Sharecast News) - Tesco, the UK's largest retailer, faced defeat in an appeal regarding a trademark infringement case brought against it by the privately-held limited assortment discounter Lidl, it emerged on Tuesday.
Midwich reports highest-ever gross profit margin
(Sharecast News) - Audio-visual specialist distributor Midwich Group reported a revenue increase of 7.1% in its full-year results on Tuesday, to £1.29bn, up from £1.2bn in 2022.
Revenue, earning rise substantially for Yu Group
(Sharecast News) - Corporate gas and electricity provider Yu Group reported a 65% increase in revenue in its final results on Tuesday, to £460m in 2023, up from £278.6m in the prior year.
Atalaya earnings rise on back of lower operating costs
(Sharecast News) - Atalaya Mining reported a solid increase in copper production in its results for 2023 on Tuesday, reaching 51.7 thousand tonnes at cash costs of $2.79 per pound and an all-in sustaining cost of $3.09 per pound.
MP Evans earnings fall in tougher market environment
(Sharecast News) - Sustainable palm oil producer MP Evans described a challenging market environment in its final results for 2023 on Tuesday, primarily due to a lower crude palm oil (CPO) price environment compared to the exceptionally high prices seen in 2022.
Cohort wins £16m systems contract in Australia
(Sharecast News) - Cohort announced a landmark contract through its subsidiary Chess Dynamics on Tuesday, valued at £15.7m, with BAE Systems Maritime Australia for the provision of the advanced Sea Eagle surveillance systems.
German business sentiment improves in March - ZEW
(Sharecast News) - German business sentiment improved in March, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Antofagasta signs $2.5bn loan deal to build Centinela concentrator
(Sharecast News) - Antofagasta said it had secured a loan deal to finance construction of a $2.5bn second concentrator at its Centinela mine in Chile.
Ten Lifestyle hits record H1 adjusted EBITDA profitability
(Sharecast News) - Travel and lifestyle concierge business Ten Lifestyle Group said on Tuesday that it had reached record adjusted underlying earnings profitability in the first half of its trading year, with active membership continuing to grow throughout the period.
Puretech Health proposes $100m capital return
(Sharecast News) - Biotherapeutics company PureTech Health has proposed a capital return of $100.0m to its shareholders by way of a tender offer.
Pfizer sells bigger-than-expected stake in Haleon
(Sharecast News) - Haleon said on Tuesday that Pfizer has sold a larger-than-expected stake in the consumer healthcare group, taking its interest down to 22.6% from 32%.
Berenberg slashes target price on Focusrite following profit warning
(Sharecast News) - Analysts at Berenberg slashed their target price on audio products manufacturer Focusrite from 700.0p to 410.0p on Tuesday following the group's profit warning a day earlier.
Celebrus Technologies trades in line with FY expectations
(Sharecast News) - Data solutions firm Celebrus Technologies said on Tuesday that its full-year results were seen in line with market expectations, with both revenue and profits improving year-on-year.
Trustpilot swings to full-year profit
(Sharecast News) - Trustpilot said on Tuesday that it swung to a profit in 2023 as revenue and user numbers jumped.
RBC Capital upgrades Vistry to 'sector perform'
(Sharecast News) - RBC Capital Markets upgraded its stance on Vistry on Tuesday as it took a fresh look at the house housebuilder following full-year results.
Diversified Energy in $410m US gas acquisition
(Sharecast News) - Oil and gas explorer Diversified Energy posted a rise in earnings despite weaker prices and announced the $410m acquisition of producing reserves in the central region of the US.
Essentra delivers 'resilient' FY 24 performance, CFO to stand down
(Sharecast News) - Essential components manufacturer Essentra said it had delivered a "resilient" performance in 2023, with the group progressing towards its medium-term targets.
Close Brothers shares surge on £400m capital plan
(Sharecast News) - Merchant banking group Close Brothers saw shares surge on Tuesday after it announced a raft of measures - including the suspension of dividends - to strengthen its capital position as it prepares for the conclusion of a regulatory probe into motor finance.
Wickes' profits fall less than expected, but challenges remain
(Sharecast News) - DIY and trade home-improvement retailer Wickes beat market forecasts despite a drop in its annual profits, but warned that trading since the start of the year continues to be challenging.
Crest Nicholson to fork out up to £15m on more build defects
(Sharecast News) - Crest Nicholson said on Tuesday that it has become aware of build defects on four sites that were completed prior to 2019 that could cost it up to £15m to fix.
Unilever announces plans to separate ice cream business
(Sharecast News) - Unilever unveiled its latest move to expedite its growth action plan (GAP) on Tuesday, through the separation of its ice cream business and the introduction of a significant productivity programme.
Sabre Insurance unveils special dividend after strong 2023 results
(Sharecast News) - Shares in Sabre Insurance were rising on Tuesday after the motor insurance underwriter doubled its dividend payout for 2023, proposing a bumper special dividend after a huge surge in profits last year.
AstraZeneca to buy US-listed Fusion Pharma for $2bn
(Sharecast News) - AstraZeneca said it had agreed to buy biopharmaceutical company Fusion Pharmaceuticals for up to $2bn.
Diageo names Sir John Manzoni as next chair
(Sharecast News) - Diageo has announced that non-executive director and former Cabinet Office official Sir John Manzoni will step in as its new chair when Javier Ferrán retires from the head of the board next year.
Tuesday preview: Bank of Japan, Close Brothers in focus
(Sharecast News) - All eyes will be on the Bank of Japan with some traders banking on an end to its policy of negative interest rates and yield curve control.
Berenberg nudges up target price on Team Internet Group
(Sharecast News) - Analysts at Berenberg slightly raised their target price on global internet business Team Internet Group on Monday after the group's full-year results came in "marginally ahead" of numbers provided at the time of its trading update on 29 January.
Celsius subsidiary granted permit for MCB project
(Sharecast News) - Celsius Resources updated the market on its its flagship Maalinao-Caigutan-Biyog (MCB) mining project on Monday, reporting that the Philippine Department of Environment and Natural Resources granted its subsidiary Makilala Mining Company (MMCI) a mineral production sharing agreement (MPSA) on 15 March.
Shuka Minerals resolves longstanding dispute with Upendo
(Sharecast News) - Africa-focussed mine developer and operator Shuka Minerals said in an update on Monday that it had resolved a longstanding dispute with Upendo Group concerning its Rukwa coal mining asset.
Faron shares jump on encouraging trial data
(Sharecast News) - Faron Pharmaceuticals announced further encouraging data from the first phase of its 'BEXMAB' trial on Monday, targeting higher-risk (HR) myelodysplastic syndrome (MDS) patients who had failed prior hypomethylating agent (HMA) treatment.
Monzo in talks to sell stake to Singapore wealth fund - report
(Sharecast News) - Digital bank Monzo is reportedly in talks to sell an additional stake to one of Singapore's sovereign wealth funds.
Chariot to review transitional power division
(Sharecast News) - Chariot announced a strategic review of its transitional power division on Monday, in a move aimed at optimising its operations and maximising shareholder value.
Corcel reports positive findings from Canegrass lithium project
(Sharecast News) - Battery metals explorer and producer Corcel updated the market on the findings of its initial exploration activities at the Canegrass lithium project in Western Australia on Monday.
Plexus swings to profit in robust first half
(Sharecast News) - Oil and gas engineering service provider Plexus Holdings reported a surge in sales revenue in its interim results on Monday, to £5.9m, compared to £0.71m a year ago.
Thruvision walk-through security system tested at SAN
(Sharecast News) - Walk-through security technology company Thruvision announced the successful completion of operational test and evaluation for its 'WalkTHRU' system on Monday.
Phoenix Group to report one-off £70m provision in results - report
(Sharecast News) - Phoenix Group slumped on Monday after The Times suggested it will report a one-off provision of £70m in its annual results on Friday to cover the cost of reducing customer charges.
TruFin reports major milestone at subsidiary Playstack
(Sharecast News) - TruFin updated the market on its UK-based games publishing subsidiary Playstack on Monday, reporting a significant milestone with its latest release, Balatro, surpassing one million unit sales.
Metals Exploration taps Nick von Schirnding for chairman
(Sharecast News) - Gold producer Metals Exploration said on Monday that it has appointed Nick von Schirnding as chairman, with immediate effect.
GSK unveils promising results from endometrial cancer trial
(Sharecast News) - GSK unveiled promising outcomes from a phase three trial of 'Jemperli', or dostarlimab, in treating primary advanced or recurrent endometrial cancer on Monday.
Powerhouse Energy subsidiary secures first production train contract
(Sharecast News) - Powerhouse Energy's wholly-owned Engsolve subsidiary has secured its maiden contract for the building and installation of its production train for TrimTabs, a South Wales-based process technology company pioneering the low-cost, sustainable production of carbon nanotubes.
Physiomics secures 'substantial new contract' with existing pharma client
(Sharecast News) - Mathematical modelling and data science company Physiomics has been awarded "a substantial new contract" by an existing large pharmaceutical client.
Focusrite warns on FY profits amid 'challenging market conditions'
(Sharecast News) - Audio products business Focusrite warned on Monday that full-year revenue and profits would be lower than consensus estimates as a result of "challenging market conditions" and continued weakness in Asia.
RBC Capital hikes target price on Beazley
(Sharecast News) - Analysts at RBC Capital Markets hiked their target price on specialist insurance business Beazley from 775.0p to 975.0p on Monday, stating the stock's "re-rating journey starts here".
RBC Capital downgrades Centrica
(Sharecast News) - RBC Capital Markets downgraded British Gas owner Centrica on Monday to 'sector perform' from 'outperform' as it revisited the company's capex opportunities and assessed where it now stands on future growth options.
Logitech shares slide on surprise CFO departure
(Sharecast News) - Swiss computer accessories giant Logitech surprised markets on Monday, announcing that chief financial officer Charles Boynton would depart in May, having served in the role for just over a year.
Marlowe to return £150m to shareholders in H1
(Sharecast News) - Business service and regulatory software company Marlowe said on Monday that subject to completion, proposed returns of capital were expected to commence during the first half of its FY25 financial year, beginning 1 April.
Naked Wines drafts in Interpath Advisory amid tough trading - report
(Sharecast News) - Naked Wines slid on Monday following a report the online wine retailer has drafted in debt advisers to explore refinancing options amid tough trading conditions.
Chemring gets €66m from EU to boost shell production
(Sharecast News) - UK defence contractor Chemring said it had received €66.7m (£57m) from the European Union as part of a €513m funding round to enhance ammunition production capacity.
Pfizer to cut stake in Haleon to 24% from 32%
(Sharecast News) - Consumer healthcare company Haleon said on Monday that Pfizer plans to sell around 630m shares in the company in a public offering.
Bytes confirms Murphy's departure came amid undisclosed trading probe
(Sharecast News) - Bytes Technology Group updated the market on the sudden recent resignation of its former chief executive officer Neil Murphy on Monday, confirming it came following revelations of undisclosed share transactions.
British Land sells 50% stake in former Meta HQ to Royal London
(Sharecast News) - British Land said on Monday that it has sold half its stake in London office 1 Triton Square - the former HQ of Facebook owner Meta - to Royal London Asset Management.
Molten Ventures to exit Perkbox investment
(Sharecast News) - Venture capital firm Molten Ventures updated the market on its investment in Perkbox on Monday, after Great Hill Partners announced the merger of Vivup and Perkbox as well as an infusion of investment from the growth equity firm.
Currys lifts annual profit guidance after bid battle
(Sharecast News) - UK electrical retailer Currys lifted guidance as it reported stronger-than-expected sales since the busy Christmas period.
Wishbone Gold reports positive results from Cottesloe drilling
(Sharecast News) - Wishbone Gold unveiled encouraging results from its ongoing diamond drilling at the Cottesloe Project on Friday, a venture it wholly owns.
Sheffield Resources takes 10pc stake in Capital Metals
(Sharecast News) - Capital Metals, a mineral sands company advancing towards mine development at the high-grade Eastern Minerals Project in Sri Lanka, announced on Friday that the ASX-listed Sheffield Resources had acquired 10% of the firm.
Genedrive receives R&D tax credit, plans fundraise
(Sharecast News) - Point-of-care pharmacogenetic testing company Genedrive announced the receipt of a research and development tax credit totalling £0.8m on Friday, taking its unaudited cash balances to £1.2m.
Thames Water hires advisers over £190m loan as MPs call for govt administration
(Sharecast News) - Lenders to troubled UK utility Thames Water's parent company have reportedly engaged accountancy firm EY as advisers weeks before a £190m debt falls due and MPs called for the company to be placed into special administration.
Currys slides as JD.com says it won't make an offer
(Sharecast News) - Currys slumped on Friday as it said Chinese ecommerce giant JD.com does not plan to make an offer for the London-listed electricals retailer.
Alien Metals secures AUD 2m short-term funding
(Sharecast News) - Alien Metals announced a short-term funding facility worth up to AUD 2m (£1.03m) via a convertible loan note on Friday.
Trident Royalties upbeat on latest Thacker Pass progress
(Sharecast News) - Mining royalty company Trident Royalties announced significant progress in the development of the Thacker Pass Lithium Project by Lithium Americas Corporation (LAC) on Friday.
Biome Technologies division wins £0.54m contract
(Sharecast News) - Bioplastics and radiofrequency technology specialist Biome Technologies announced a new contract for its RF technologies division Stanelco on Friday.
Reckitt Benckiser tumbles on baby formula compensation woes
(Sharecast News) - Reckitt Benckiser tumbled on Friday amid concerns about baby formula compensation.
Sareum allowed European patent for primary kinase inhibitor asset
(Sharecast News) - Biotechnology company Sareum announced on Friday that the European Patent Office had issued a notice of allowance for a patent concerning SDC‐1801, its primary TYK2/JAK1 kinase inhibitor currently undergoing clinical trials in Australia.
Zephyr Energy signs rig contract for Paradox Basin redrilling
(Sharecast News) - Zephyr Energy announced on Friday that it had finalised a rig contract with Helmerich & Payne (H&P) for Rig 257, for the redrilling of the State 36-2R well in Utah's Paradox Basin.
Trading in LPP suspended after Russian claims cause stock to plunge
(Sharecast News) - Shares in LPP Group were suspended on Friday, after short seller Hindenburg Research claimed the Polish retailer's Russian divestments were a "sham", causing the stock to plunge.
Beowulf announces two-week delay to Vardar ownership process
(Sharecast News) - Beowulf Mining announced a delay in its planned consolidation of 100% ownership of Vardar Minerals on Friday.
French shipping firm CMA CGM in exclusive talks to buy Altice
(Sharecast News) - French shipping firm CMA CGM said on Friday that it has entered into exclusive talks to buy telecoms group Altice for an enterprise value of €1.55bn.
MC Mining hit by soaring costs in first half
(Sharecast News) - Shares in South Africa-focused coal miner MC Mining slipped on Friday after the company reported that half-year losses surged on the back of soaring costs and lower prices.
Shore Cap ups rating on British Land, Derwent
(Sharecast News) - Shore Capital has upgraded British Land and Derwent London to 'buy' in its latest review of the UK real estate sector.
RBC hails cash flow potential at Glencore, keeps at 'outperform'
(Sharecast News) - RBC Capital Markets has reiterated its 'outperform' rating on Glencore following the mining and commodities giant's annual results last month, saying its cash generation potential remains "solid".
Bank of Georgia upbeat after jump in full-year income
(Sharecast News) - Bank of Georgia Group posted a jump in full-year income on Friday, boosted by strong lending and favourable macroeconomic conditions.
Scottish Mortgage Investment Trust to spend up to £1bn on buybacks
(Sharecast News) - Scottish Mortgage Investment Trust announced on Friday that it had made available at least £1bn for share buybacks over the next two years, following strong operational results from its public and private portfolio.
Jefferies upgrades Mondi after YTD underperformance
(Sharecast News) - Jefferies upgraded its rating on packaging firm Mondi on Friday following year-to-date underperformance.
Shore Capital downgrades Intertek to 'sell'
(Sharecast News) - Analysts at Shore Capital downgraded Intertek from 'hold' to 'sell' on Friday following the group's recent results.
Volution sees FY EPS ahead of expectations after 'strong' H1
(Sharecast News) - Volution Group said on Friday that full-year earnings per share were set to be ahead of consensus after a "strong" first half.
Air Astana delivers solid profit growth in first results since IPO
(Sharecast News) - Kazakhstan-based airline Air Astana delivered a double-digit increase in profits and key performance metrics after flying a record number of passengers in 2023, as it gave a positive outlook for the current financial year.
RBC Capital downgrades CVS Group on CMA review
(Sharecast News) - RBC Capital Markets downgraded CVS Group on Friday to 'sector perform' from 'outperform' and slashed the price target to 1,200p from 2,100p after the UK Competition and Markets Authority said it had provisionally decided to launch a formal investigation into the vet market.
UK's CMA to seek views on Barratt £2.5bn Redrow takeover
(Sharecast News) - UK competition regulators on Friday said they were taking an initial look into Barratt's £2.52bn takeover of homebuilding rival Redrow.
Bodycote on track to meet margin target as aerospace boosts profit
(Sharecast News) - Heat treatment and thermal processing services specialist Bodycote delivered a rise in annual profits, driven by a strong performance at its aerospace and defence division.
Berkeley reiterates full-year guidance
(Sharecast News) - Berkeley Group reiterated its full-year outlook on Friday and said it had secured the bulk of sales for the next financial year.
Vodafone unveils €4bn capital return after selling Italian unit
(Sharecast News) - Vodafone and Swisscom have confirmed that the Swiss telecom group will take over Vodafone Italy for €8bn, enabling the UK company to return €4bn to shareholders.
Steven Mnuchin eyeing up TikTok after House passes bill to ban app
(Sharecast News) - Former Treasury secretary Steven Mnuchin is said to be gathering a consortium of investors to attempt to take over TikTok as the Chinese owned short-video app comes under increasing scrutiny regarding its foreign ownership in the US.
Biden voices opposition to Japanese takeover of US Steel
(Sharecast News) - Shares in American steel producer US Steel was under pressure on Thursday after president Joe Biden said he's opposed to its $14.9bn takeover by Japan's Nippon Steel.
AG Barr says 195 jobs at risk in proposed business reorganisation
(Sharecast News) - Irn Bru maker AG Barr said on Thursday that up to 195 jobs were at risk as it looks to close some of its sites as part of a business reorganisation.
Cadence Minerals investee Evergreen reports progress at Bynoe
(Sharecast News) - Cadence Minerals updated the market on its investee company, ASX-listed Evergreen Lithium, on Thursday, after the latter disclosed significant developments in its phase three geochemical soil sampling programme at Bynoe in Australia's Northern Territory.
ECR Minerals raises £0.6m to advance Australian projects
(Sharecast News) - Australia-focussed gold explorer and developer ECR Minerals announced the fundraising of £0.59m before expenses on Thursday, to advance its projects in Victoria and Queensland.
Symphony Environmental Tech extends convertible loan agreements
(Sharecast News) - Symphony Environmental Technologies announced extensions to its existing convertible loan agreements with Sea Pearl Ventures on Thursday, to 31 December 2025, expanding from the previous end date of 30 September 2024.
Beeks Financial Cloud wins contract extension with JSE
(Sharecast News) - Beeks Financial Cloud announced a significant contract extension with the Johannesburg Stock Exchange (JSE) on Thursday, for the provision of its Exchange Cloud.
Ofwat penalises Welsh Water over "indefensible" mistakes
(Sharecast News) - Welsh Water has been ordered to pay £40m after an investigation found the utility misled both customers and the regulator, it was confirmed on Thursday.
Mercia Asset Management invests further in three portfolio firms
(Sharecast News) - Mercia Asset Management announced the completion of syndicated funding rounds into three existing direct investments on Thursday, totalling £5.7m.
Friday preview: US inflation data, Berkeley Group in focus
(Sharecast News) - Inflation data in the U.S. will continue to be in focus at the end of the week.
Atome fundraising granted EIS status by HMRC
(Sharecast News) - Atome announced on Thursday that HM Revenue and Customs had granted Enterprise Investment Scheme (EIS) status for investments made by qualifying individuals in its recent equity fundraise, announced on 19 February.
Berenberg halves target price on Victoria
(Sharecast News) - Analysts at Berenberg slashed their target price on floorings manufacturer Victoria from 600.0p to 300.0p on Thursday but reiterated their 'buy' rating on the stock.
Firering acquires 20m Ricca shares as part of settlement
(Sharecast News) - Exploration company Firering Strategic Minerals announced the acquisition of 20 million shares in Ricca Resources on Thursday.
IG Group offers "deep value", says Shore Capital
(Sharecast News) - IG Group's share price advanced on Thursday as the market gave a positive reaction to the firm's third-quarter update and the departure of its chief financial officer and chief operating officer, with broker Shore Capital providing an extra lift by saying the stock offers "deep value".
Restore swings to statutory loss amid market challenges
(Sharecast News) - Digital information and document management specialist Restore reported a 1% fall in full-year revenue on Thursday, to £277.1m, while facing a more substantial 15% drop in adjusted operating profit to £44.3m.
FW Thorpe revenue, profits rise marginally
(Sharecast News) - Professional lighting specialist FW Thorpe reported first-half revenue of £82.6m on Thursday, making for a modest increase of 1% from the prior period.
Ageas faces opposition from top shareholder over Direct Line pursuit - report
(Sharecast News) - Belgian insurer Ageas is reportedly facing opposition from one of its leading shareholders to a potential takeover of London-listed rival Direct Line.
Dick's Sporting Goods cheers record quarter
(Sharecast News) - Shares in Dick's Sporting Goods jumped on Thursday, after bumper holiday season trading beat expectations.
Burford Capital reports year of solid growth
(Sharecast News) - Burford Capital reported significant gains and robust growth in its annual results on Thursday, with a record surge in realised gains of 40% to $186m.
Altria to sell down stake in AB InBev
(Sharecast News) - Trading in Anheuser-Busch InBev was temporarily suspended on Thursday, after Marlboro maker Altria Group announced plans to sell down its stake in the brewing giant.
Hapag-Lloyd warns on earnings, slashes dividend
(Sharecast News) - Container giant Hapag-Lloyd on Thursday reported a slump in annual profits and cut its dividend as it warned of lower earnings this year due to attacks on commercial shipping in the Red Sea.
Pressure Technologies secures two 'major' contract wins
(Sharecast News) - Engineering group Pressure Technologies said on Thursday that it has been awarded two major contracts, in the defence and green energy sectors.
FCA probe into motor finance won't be like PPI, regulator says
(Sharecast News) - The head of the Financial Conduct Authority (FCA) has said it is "improbable we will find nothing" as it continues to investigate historical motor finance commission arrangements for potential misconduct, but that the impact on the financial sector will unlikely be as severe as the Payment Protection Insurance mis-selling scandal.
Eneraqua Technologies FY pre-tax losses seen in line with consensus
(Sharecast News) - Energy and water efficiency solutions provider Eneraqua Technologies said on Thursday that full-year revenues and pre-tax losses were seen in line with consensus forecasts.
Bridgepoint delivers 'strong' FY performance
(Sharecast News) - Private investment firm Bridgepoint delivered a "strong" full-year performance on Thursday and said it was "well placed" for continued growth.
Profits jump at International Personal Finance despite Polish hit
(Sharecast News) - Shares in International Personal Finance sparked on Thursday, after the London-listed firm posted above-forecast earnings.
OSB Group tumbles as net interest margin guidance disappoints
(Sharecast News) - OSB Group tumbled on Thursday as full-year profits beat expectations but guidance on net interest margin disappointed.
Profits tumble at Savills after 'challenging' year
(Sharecast News) - Property firm Savills posted a slump in annual profits on Thursday, but said it expected to see a recovery in the real estate market later this year.
Wise slides as Valar Velocity places 4m shares
(Sharecast News) - Wise slid on Thursday after shareholder Valar Velocity Fund 1 placed 4m class A shares in the fintech firm via Morgan Stanley.
Shell pays CEO £7.9m in first year, makes changes to climate pledge
(Sharecast News) - Energy giant Shell switched up its climate pledge on Thursday and revealed that chief executive Wael Sawan was paid a total of £7.94m in his first year on the job.
Helios Towers delivers strong results, but 2024 guidance underwhelms
(Sharecast News) - Telecoms infrastructure firm Helios Towers has hinted that it is closer to distributing cash back to shareholders and said that 2024 is to be an "inflection year" for free cash flow following a period of busy acquisition activity.
Moonpig trading in line; agrees new revolving credit facility
(Sharecast News) - Greeting cards and gift retailer Moonpig said on Thursday that trading in the current financial year ending 30 April has remained in line with expectations across all of its brands, as it announced a new revolving credit facility.
IG Group announces exit of CFO and COO
(Sharecast News) - Online trading platform IG Group has reported stable revenues in the third quarter as it announced the resignation of both its chief financial officer and chief operating officer, just two months after the appointment of a new chief executive.
Vistry shares surge as profits jump, unveils £100m buyback
(Sharecast News) - Shares in Vistry surged on Thursday after the UK housebuilder posted a jump in annual profits, unveiled another £100m share buyback and forecast higher completions in 2024 driven by strong demand.
Deliveroo narrows losses in 'resilient' year
(Sharecast News) - Deliveroo reported a narrowing of its full-year losses on Thursday as revenue jumped and the company hailed a "resilient year of growth".
John Lewis swings back into the red
(Sharecast News) - John Lewis Partnership has returned to profit, the retailer confirmed on Thursday, but said it would not pay staff bonuses for the second year running.
Halma maintains expectations as revenue rises
(Sharecast News) - Halma reiterated its guidance in a trading update on Thursday, maintaining its projection for adjusted profit before tax to align with analyst consensus expectations.
Ceres Power results to be delayed by audit
(Sharecast News) - Ceres Power, a developer of clean energy technology, announced a delay in releasing its full-year results for the year ended 31 December on Thursday.
AstraZeneca snaps up rare disease specialist Amolyt for $1.05bn
(Sharecast News) - Biopharma giant AstraZeneca has announced the acquisition of French biotech firm Amolyt Pharma for up to $1.05bn to beef up its late-stage rare disease pipeline.
Trainline sales, revenues surge on UK, intl demand
(Sharecast News) - Online ticketing platform Trainline reported sales at the top end of expectations as fewer strikes in the UK and competition for passengers in Italy and Spain saw revenues also beat forecasts.
Government to block UAE bid for Telegraph with foreign ownership ban
(Sharecast News) - The government is set to announce a ban on foreign governments owning newspapers and magazines in the UK, it emerged on Wednesday, effectively halting the Abu Dhabi-led takeover bid of the Daily and Sunday Telegraph.
Branson's Virgin Group to axe around 8% of jobs at London HQ - report
(Sharecast News) - Sir Richard Branson's Virgin Group is reportedly axing dozens of jobs at its London base as part of an integration of two of his companies.
Thursday preview: US retail sales, Vistry in the spotlight
(Sharecast News) - Financial markets' focus on Thursday will be on a trio of closely-followed economic reports in the States.
TikTok faces US ban as House approves demand for sale
(Sharecast News) - US lawmakers on Wednesday voted overwhelmingly to demand the Chinese owners of the TikTok video app to sell or be banned in the country.
OptiBiotix signs partnership with India's Dr Morepen
(Sharecast News) - Life science company OptiBiotix Health announced the signing of a partnership agreement with Dr Morepen on Wednesday, for the distribution of SlimBiome products in India under the Dr Morepen brand.
Quantum Blockchain reveals new mining method, warns of porting difficulties
(Sharecast News) - Quantum Blockchain Technologies shares were in the red on Wednesday afternoon, after it issued an update on its research and development endeavours in advancing Bitcoin mining technologies.
Vast Resources inks new offtake deal with Trafigura
(Sharecast News) - Vast Resources announced a new exclusive offtake agreement with Trafigura Group on Wednesday, for all copper concentrate produced at the Baita Plai Polymetallic Mine in Romania.
Anglesey Mining reports fresh assays from Northern Copper Zone
(Sharecast News) - Anglesey Mining reported assay results from drill hole NCZ002 on Wednesday, marking a significant development in its infill drilling programme at the Northern Copper Zone (NCZ) and Garth Daniel Zone (GDZ) within the Parys Mountain project on the Isle of Anglesey in north west Wales.
Berenberg ups Harbour Energy to 'buy'
(Sharecast News) - Berenberg upgraded Harbour Energy on Wednesday to 'buy' from 'hold' and lifted the price target to 360p from 280p as it said that cash flow supports higher returns.
Galderma confirms price range for blockbuster IPO
(Sharecast News) - Galderma announced the price range for its forthcoming flotation on Wednesday, leaving the skincare giant on track to raise more than £2bn.
MaxCyte reports strong fourth quarter as full-year revenues fall
(Sharecast News) - Cell engineering technology specialist MaxCyte reported total fourth quarter revenue of $15.7m on Wednesday, up 26% on the same period in 2022.
Victoria sees some positive signs in subdued market
(Sharecast News) - Flooring company Victoria said in a trading update on Wednesday that, despite ongoing challenges in the market, it was seeing signs of improvement in the medium-term macroeconomic outlook, particularly in flooring demand indicators.
Faron Pharmaceuticals reports year of clinical progress
(Sharecast News) - Clinical-stage biopharmaceutical company Faron Pharmaceuticals reported a year of strong progress on Wednesday, with significant overall response rates seen in both previously hypomethylating agent (HMA)-failed and higher-risk myelodysplastic syndrome (MDS) patient populations in the phase one part of the BEXMAB study.
Direct Line rejects second takeover approach from Ageas, shares tumble
(Sharecast News) - Direct Line tumbled on Wednesday after saying it had received and rejected a second takeover approach from Belgian rival Ageas as it continues to undervalue the group.
AMS reports higher revenue and lower profit, proposes fresh acquisition
(Sharecast News) - Advanced Medical Solutions unveiled its unaudited preliminary results for 2023 on Wednesday, alongside a significant acquisition announcement.
BP, Adnoc suspend talks on bid for stake in Israel's NewMed
(Sharecast News) - NewMed Energy said on Wednesday that BP and UAE state-owned oil company Adnoc have suspended discussions about a potential joint bid for 50% of the Israeli gas company.
MusicMagpie FY pre-tax losses widen, reports strong Q1 trading
(Sharecast News) - Online retailer MusicMagpie said on Wednesday that pre-tax losses had widened in the 12 months ended 30 November 2023 but said it "remains confident" about future prospects following strong trading in the first quarter of the new trading year.
Shell to cut 20% of jobs in deals team - report
(Sharecast News) - Shell will reportedly cut at least 20% of jobs in its deals team as the company continues to restructure its business units in an effort to reduce costs.
Revenue rises, losses narrow for the Gym Group
(Sharecast News) - Low-cost gym operator the Gym Group reported an 18% increase in revenue in its full-year results on Wednesday, reaching £204m.
Falling margins hold back profit growth at Volkswagen
(Sharecast News) - Volkswagen has described its 2023 results as "robust" amid a challenging environment, as a strong showing from its core and luxury brands offset was able to offset at declining profits at non-core brands including Audi and its software arm.
JPMorgan upgrades Flutter Entertainment to 'overweight'
(Sharecast News) - JPMorgan Cazenove lifted its stance on Flutter Entertainment on Wednesday to 'overweight' from 'neutral' and hiked the price target to 21,300p from 16,300p.
Ferrexpo delays FY results, Ukrainian hearing postponed
(Sharecast News) - Mining company Ferrexpo said on Tuesday that following discussions with its auditors, more time was needed to finalise its full-year financial results.
Liontrust denies Artemis takeover talks
(Sharecast News) - Liontrust Asset Management has denied it is in talks to acquire smaller rival Artemis.
Balfour Beatty rallies as it lifts dividend, announces £100m buyback
(Sharecast News) - Infrastructure group Balfour Beatty surged on Wednesday despite posting a drop in full-year profit, as it lifted its dividend, announced a £100m share buyback and struck an optimistic note on the outlook.
Keywords Studios posts strong growth despite tougher market
(Sharecast News) - Keywords Studios reported a 13% rise in full-year revenue in its final results on Wednesday, to €780m.
Adidas FY sales fall short of estimates
(Sharecast News) - German sportswear giant Adidas reported full-year results that fell short of estimates on Wednesday as a result of the loss of its very profitable Yeezy line following the cessation of its long-running collaboration with Kanye West.
Metro Bank records first profit since 2018
(Sharecast News) - Metro Bank has reported its first annual statutory profit in five years despite a flat top line as the UK high street bank launched a cost-savings programme that cut store hours and roles across the business.
Zara-owner Inditex upbeat on strong results
(Sharecast News) - Shares in Inditex sparked on Wednesday, after the Spanish fashion giant said 2024 had got off to a strong start.
RBC Capital starts Marlowe at 'outperform'
(Sharecast News) - RBC Capital Markets initiated coverage of Marlowe on Wednesday with an 'outperform' rating and 630p price target.
4imprint profits jump but demand outlook softens
(Sharecast News) - White label merchandise and promotional products manufacturer 4imprint hiked its dividend by a third after a big jump in profits in 2023 on the back of market-share gains, though it did warn of a "softening" in the wider market towards the end of the year.
IP Group net asset value falls, but losses narrow
(Sharecast News) - Intellectual property-focussed investor IP Group reported a net asset value of £1.19bn in its results for 2023 on Wednesady, or 114.3p per share, down from £1.38bn and 132.9p per share in 2022.
Anglo American sees De Beers sales rise, but diamond outlook cautious
(Sharecast News) - Anglo American has reported another increase in rough diamond sales at De Beers as prices continue to rebound after slumping in 2023, though the company warned that tough macro conditions will keep a lid on growth for a while.
Jefferies downgrades IHG to 'hold', raises target price
(Sharecast News) - Analysts at Jefferies lowered their rating on hospitality giant Intercontinental Hotels from 'buy' to 'hold' on Wednesday but raised their target price on the stock from 6,400.0p to 8,400.0p.
Hochschild Mining FY production in line with guidance
(Sharecast News) - South America-focused miner Hochschild reported a 10% fall in production, although in line with guidance, offset by rising prices and the devaluation of the Argentinian peso which helped to lift adjusted core earnings.
Eckoh enters partnership with RingCentral
(Sharecast News) - Customer engagement data security specialist Eckoh announced a strategic partnership with RingCentral, a provider of AI-driven enterprise cloud communications and contact centre solutions, on Tuesday.
Lego outperforms declining toy market with sales growth
(Sharecast News) - Danish toy giant Lego outperformed competitors in 2023 as it managed to grow sales by 2% in the worst year for toymakers in more than 15 years.
Starling Bank appoints Ovo boss Bhatia as new CEO
(Sharecast News) - Starling Bank said on Tuesday that it has appointed Raman Bhatia - the current boss of energy firm Ovo - as its new chief executive officer.
Berenberg raises target price on Quilter following FY results
(Sharecast News) - Analysts at Berenberg raised their target price on wealth manager Quilter from 95.0p to 105.0p on Tuesday, stating that recent reductions in expenses ensured that it will deliver an earnings beat.
Wednesday preview: UK GDP, Balfour Beatty in the spotlight
(Sharecast News) - Financial markets' attention in the middle of the week will be on a reading for UK gross domestic product during the month of January.
Regional REIT says discounted equity issue on the cards, shares tank
(Sharecast News) - Regional REIT tanked on Tuesday as it confirmed that a heavily-discounted equity issue could be on the cards.
Andrada Mining reports progress across its expansion plans
(Sharecast News) - Andrada Mining announced significant advancements in its expansion plans for lithium, tin, and tantalum production at the Uis Mine in Namibia on Tuesday, alongside updates on its strategic process.
PCI-PAL raising £3.5m to support its US expansion
(Sharecast News) - Payment solutions specialist PCI-PAL announced its intention to conduct a fundraising aimed at raising up to £3.5m on Tuesday, to support its continued US expansion.
Union Jack Oil buys three US royalty packages
(Sharecast News) - Union Jack Oil announced the expansion of its mineral royalty portfolio on Tuesday, with the acquisition of three additional packages brokered by Reach Oil & Gas.
Power Metal driving Power Arabia subsidiary towards London listing
(Sharecast News) - Power Metal Resources updated the market on the progress of its wholly-owned subsidiary Power Arabia on Tuesday.
Ebiquity warns of 'subdued' client spending in FY24
(Sharecast News) - Marketing consultancy Ebiquity said on Tuesday that it expects to make "further profitable progress" in 2024 but warned that client spending was expected to "remain slightly more subdued" until consumer confidence returns.
Entain hires bankers to prepare for sale of PartyPoker - report
(Sharecast News) - Ladbrokes owner Entain has reportedly hired bankers to prepare for a sale of PartyPoker as it seeks to fend off activist investors by reinvigorating its core operations.
CAP-XX chief financial officer to retire
(Sharecast News) - Supercapacitors manufacturer CAP-XX revealed on Tuesday that chief financial officer Mike Taylor had decided to retire from the role and will be leaving the group on 15 March.
Ariana reports latest drilling results from Tavsan
(Sharecast News) - Mineral explorer and developer Ariana Resources unveiled the latest developments at its Tavsan Project on Tuesday, which it operates in partnership with Zenit, Proccea Construction and Ozaltin Holding, with Ariana holding a 23.5% stake.
Impax AuM rises slightly by end of February
(Sharecast News) - Impax Asset Management updated the market on its assets under discretionary and advisory management (AuM) on Tuesday.
H&T reports robust year despite market slowdown
(Sharecast News) - Pawnbroker and jewellery retailer H&T Group reported a robust set of preliminary results on Tuesday, with profit before tax jumping 39% year-on-year to £26.4m.
Fonix Mobile gross profits rise in strong first half
(Sharecast News) - Mobile payments and messaging technology company Fonix Mobile reported a 17.9% rise in gross profit in its interim results on Tuesday, to £9.2m, while adjusted EBITDA increased 17.7% to £7.3m.
CVS shares slide as CMA consults on possible market probe
(Sharecast News) - Shares in UK veterinary service provider CVS Group were in the red on Tuesday, after the Competition and Markets Authority (CMA) announced a consultation over its proposal to conduct a market investigation concerning veterinary services for household pets in the UK.
Shoe Zone says trading 'marginally' below expectations, shares tumble
(Sharecast News) - Shoe Zone tumbled on Tuesday after it said trading was "marginally" below expectations, pinning part of the blame on a rise in the national living wage and higher costs due to Red Sea disruption.
Standard Chartered's Simon Cooper departs amid corporate reshuffle
(Sharecast News) - Banking group Standard Chartered said on Tuesday that Simon Cooper, who was a frontrunner to succeed chief executive Bill Winters, will leave the group in order to "pursue other interests".
Morgan Advanced Materials FY operating profits fall
(Sharecast News) - Morgan Advanced Materials said on Tuesday that adjusted operating profits had fallen in 2023 despite seeing a modest uptick in annual revenues.
BAT confirms sale of 400m shares in India's ITC
(Sharecast News) - British American Tobacco confirmed extensive media speculation around its holding of Indian tobacco firm ITC on Tuesday morning, announcing plans to sell more than 400 million ITC shares through its subsidiary Tobacco Manufacturers India (TMI).
RBC Capital Markets lifts Rentokil price target
(Sharecast News) - RBC Capital Markets upped its price target on Rentokil on Tuesday to 590p from 575p and maintained its 'outperform' rating.
FirstGroup sees FY slightly ahead of forecasts
(Sharecast News) - Transport operator FirstGroup said it expected annual earnings would be slightly better than expectations after a strong performance from its rail division.
TI Fluid Systems points to sales slowdown in 2024
(Sharecast News) - Shares in TI Fluid Systems dipped on Tuesday despite a largely in-line set of full-year results, as it pointed to slowdown in revenue growth in 2024.
Genuit profits grow in year of 'significant strategic progress'
(Sharecast News) - Plastic piping systems business Genuit said on Tuesday that profits had grown in what was a year of "significant strategic progress".
TP ICAP FY profits beat expectations; exploring options for data business
(Sharecast News) - Interdealer broker TP ICAP posted better-than-expected full-year profit on Tuesday, announced a £30m share buyback and confirmed it was exploring options for its data business, Parameta Solutions, which could include a potential IPO of a minority stake.
Synthomer points to "encouraging" Q1 after tough 2023
(Sharecast News) - Polymers group Synthomer missed its own revenue targets for 2023 after a downturn in many of its end markets, but said that trading since the year-end has been "cautiously encouraging", causing shares to surge on Tuesday morning.
Persimmon shares fall on uncertain forecast as profits slump
(Sharecast News) - Shares in Persimmon fell on Tuesday after the UK housebuilder warned of continuing tough markets as it reported a worse-than-expected 52% slump in full year profits.
Margin progress drives profit growth at Costain
(Sharecast News) - Costain managed to increase underlying profits by more than a tenth in 2023 despite weaker top-line performance as the construction and engineering company saw an improvement in margins, helping it to resume a final dividend to shareholders.
TRIG sells entire stake in Pallas wind farm
(Sharecast News) - The Renewables Infrastructure Group (TRIG) has finalised the sale of its entire equity stake in Pallas, an onshore wind farm in the Republic of Ireland, it announced on Tuesday.
UK wage growth slows again, unemployment rate ticks up
(Sharecast News) - UK wage growth eased again in the three months to January, while the unemployment rate ticked higher, according to figures released on Tuesday by the Office for National Statistics, raising rate cut expectations.
Strong US results help drive record year at Hill & Smith
(Sharecast News) - Infrastructure products and services provider Hill & Smith on Tuesday reported record annual results on the back of a strong performance from its US operations.
Domino's shares drop on sharp Q4 slowdown
(Sharecast News) - Domino's Pizza Group, the UK-based master franchise of the global takeaway chain, reported increased profit, cashflow and shareholder returns in 2023 on the back of solid organic growth, but shares fell sharply on Tuesday after the company revealed a sharp slowdown in the fourth quarter.
Deutsche Numis reiterates 'buy' rating on Darktrace
(Sharecast News) - Deutsche Numis reiterated its 'buy' recommendation and 520p price target on Darktrace on Monday as it said first-half profitability was "materially" ahead of expectations.
Berenberg lifts Admiral price target
(Sharecast News) - Admiral rallied on Monday as Berenberg lifted its price target on the shares to 2,973p from 2,961p after results last week.
Tuesday preview: US CPI, UK employment in focus
(Sharecast News) - Tuesday will bring with it the week's key data release, the U.S. Consumer Price Index for the month of February.
HSBC to recruit about 50 more bankers for US commercial bank - Reuters
(Sharecast News) - HSBC is planning to recruit about 50 more bankers in its US commercial bank to lend to start-up companies, mainly in the technology and healthcare sectors, according to a senior executive.
Ramsdens reports robust trading in year-to-date
(Sharecast News) - Financial service provider and jewellery retailer Ramsdens reported robust trading in line with its expectations in an update on Monday, buoyed by its diversified business model and trusted consumer brand.
Challenger Energy signs new Uruguay licence
(Sharecast News) - Challenger Energy announced the signing of the AREA OFF-3 licence on Monday, marking a significant milestone for the Caribbean and Americas-focussed energy company.
Versarien sells South Korean plant, licenses patents
(Sharecast News) - Versarien announced on Monday that it had finalised an agreement with MCK Tech to sell its plant and equipment in South Korea for £0.6m.
Coro Energy applies for second Philippines wind service contract
(Sharecast News) - Coro Energy announced Monday that it has submitted an application to the Philippines Department of Energy for a second wind energy service contract (WESC) with 100 MW capacity.
Synergia repaying, converting maturing loan notes
(Sharecast News) - Synergia Energy updated the market on the maturity date of its 6,500 convertible loan notes on Monday, which were issued on 9 March 2023, and were set to mature on 9 March 2024.
Dekel reports rise in crude palm oil production
(Sharecast News) - Dekel Agri-Vision reported significant growth in some key metrics in its February production update for the Ayenouan palm oil project in Côte d'Ivoire on Monday.
Cordel finance chief to take six-month sabbatical
(Sharecast News) - Cordel Group announced Monday that its chief financial officer, Thouraya Walker, would be taking a sabbatical of up to six months.
Karelian given court date for Lahtojki mine land appeals
(Sharecast News) - Karelian Diamond Resources said Monday that it has received notice of the court hearing date from the Finnish Land Court, addressing appeals from two landowners around compensation and the mining boundary of the planned Lahtojki diamond mine.
Superdry negotiating £10m loan with Hilco - report
(Sharecast News) - Struggling fashion retailer Superdry, which is in talks to be taken private by its founder, is reportedly negotiating an additional multimillion-pound loan with one of its existing lenders.
Hornby acquires Corgi Model Club
(Sharecast News) - Models and collectibles business Hornby said on Monday that it has acquired The Corgi Model Club from Blue 14, an investment vehicle majority-owned by entrepreneur Jim Lewcock.
Reddit announces IPO valuation of up to $5.5bn
(Sharecast News) - Social media platform Reddit confirmed its intention to launch an initial public offering (IPO) on Monday, announcing an estimated valuation of up to $5.5bn.
Totally secures Irish insourcing contract
(Sharecast News) - Healthcare services firm Totally has won a further new insourcing contract for the delivery of Oral and Maxillofacial outpatient and day surgery services for the Saolta University Health Care Group in Ireland.
Zenova receives 'coveted' marine approval
(Sharecast News) - Fire safety business Zenova revealed on Monday that its range of six and nine-litre extinguishers had been approved for the marine industry.
Bidstack suspends trading, appoints administrators after failed sale process
(Sharecast News) - Bidstack, the struggling in-game advertising group, was forced to temporarily suspend its shares from trading on AIM on Monday after announcing administrators have been appointed following a failed sale process.
Heathrow on track for busiest year after record February
(Sharecast News) - Traffic numbers at Heathrow rose to record highs in February with the airport handling two million passengers during its busiest-ever winter half-term season.
EU Commission found to have broken data protection rules with Microsoft software
(Sharecast News) - The European Commission's use of Microsoft 365 was found to have infringed data protection law, according to a ruling announced on Monday by the continent's privacy watchdog.
RBC Capital upgrades Marks & Spencer to 'outperform'
(Sharecast News) - RBC Capital Markets upgraded Marks & Spencer on Monday to 'outperform' from 'sector perform' and lifted the price target to 300p from 285p.
Jefferies sees more upside at Drax despite recent rally
(Sharecast News) - Jefferies has lifted its target price for Drax from 580p to 600p and reiterated a 'buy' rating after the electricity services group's strong full-year results last month.
Citi downgrades Virgin Money to 'neutral' after Nationwide offer
(Sharecast News) - Citi downgraded its stance on Virgin Money on Monday to 'neutral'/high risk from 'buy'/high risk after the shares surged on news that Nationwide Building Society had offered to buy the group in a £2.9bn deal.
FRP Advisory acquires Isle of Man-based business
(Sharecast News) - Advisory firm FRP Advisory Group has acquired GWC, based in Douglas, which provides advisory and insolvency services across the Isle of Man.
LoopUp to de-list from AIM as it seeks to raise funds privately
(Sharecast News) - LoopUp said on Monday that it was planning to leave the London stock market and raise funds privately.
Vanquis Banking warns on full-year profits, shares tank
(Sharecast News) - Vanquis Banking Group warned on full-year profits on Monday as it continues to be redevelop its customer proposition and reset pricing, and due to costs associated with reviewing complaints mostly related to credit cards.
Ferrexpo struggles with $58k bill in Ukraine
(Sharecast News) - Iron ore producer Ferrexpo has announced that it needs to extend the payment terms on a $58,000 bill from a supplier for its Ukrainian operations as the business's accounts continue to be frozen.
TK Maxx signs lease at Great Portland's Mount Royal
(Sharecast News) - West End property owner Great Portland Estates said TK Maxx has agreed a deal to occupy a space at its Mount Royal property in London's Oxford Street, while health and beauty retailer Superdrug also recently re-geared its retail lease, committing to another 10 years at the location.
UK recruitment activity continues to weaken during Q1
(Sharecast News) - Recruitment activity continued to weaken across the UK in the first quarter of the year, according to KPMG and REC, as "ongoing economic uncertainty" and hesitancy to commit to new hires amid cost pressures led to a fall in permanent placements.
Shaftesbury acquires Covent Garden freeholds for £75.1m
(Sharecast News) - Shaftesbury Capital announced the acquisition of the freehold interests in 25-31 James Street, Covent Garden, for £75.1m before costs on Monday.
British Land to steal chair from Marston's
(Sharecast News) - Real estate group British Land has announced that William Rucker, the chair of Marston's, is to become its new chair designate in the summer and will leave the pub and hotel operator after five and a half years on the job.
Currys slumps as Elliott walks away from takeover talks
(Sharecast News) - Shares in Currys slumped on Monday as US private equity firm Elliott Advisors pulled from the race to take over the UK electrical retailer after "multiple attempts" to discuss an offer were rebuffed.
Henry Boot gets planning permission for Manchester office project
(Sharecast News) - Henry Boot announced on Friday that its HBD development arm has secured planning consent for a significant office project in Manchester's city centre.
Vulcan proposes MC Mining takeover at higher price than Goldway offer
(Sharecast News) - MC Mining confirmed receiving a proposal from Vulcan Resources, the operator of the Mozambique's largest coking coal mine Moatize, on Friday.
BP appoints Aviva boss Amanda Blanc as senior independent director
(Sharecast News) - Oil giant BP said on Friday that it has appointed Aviva chief executive Amanda Blanc as senior independent director with effect from after the annual meeting on 25 April.
Citi reinstates 'neutral' rating on BAE Systems
(Sharecast News) - Analysts at Citi reinstated their 'neutral' rating on defence group BAE Systems on Friday, updating its forecasts following the company's acquisition of Ball Aerospace.
Stifel downgrades Spirax-Sarco to 'sell'
(Sharecast News) - Stifel downgraded Spirax-Sarco on Friday to 'sell' from 'hold' after the company's results.
Triple Point Social Housing reports robust 2023 performance
(Sharecast News) - Triple Point Social Housing reported a robust full-year performance on Friday, despite challenges facing the property sector.
BP pays Auchincloss £8m in 2023, claws back £1.8m from Looney
(Sharecast News) - BP chief executive officer Martin Auchincloss was paid £8m for his services in a particularly prosperous year, it was revealed on Friday, as it managed to claw back a further £1.8m from its former head Bernard Looney.
Tlou makes solid progress at Lesedi in first half
(Sharecast News) - Tlou Energy reported significant progress towards its goal of introducing gas-fired power into the Botswana grid later this year in its interim results on Friday.
Yosi Albagli to continue as Ethernity Networks chairman
(Sharecast News) - Data processing and networking semiconductor technology specialist Ethernity Networks announced the continuation of Joseph 'Yosi' Albagli's tenure as its non-executive chairman on Friday, following the conclusion of his initial three-year term.
Berenberg raises target price on Spirax-Sarco
(Sharecast News) - Analysts at Berenberg raised their target price on manufacturer Spirax-Sarco Engineering from 8,800.0p to 9,800.0p on Friday after the group's full-year results came in line with expectations.
NAHL agrees renewal of Clydesdale Bank facility
(Sharecast News) - Consumer legal marketing and services firm NAHL Group announced the successful renewal of its banking facilities with Clydesdale Bank, part of Virgin Money UK, on Friday.
SRT Marine pushes out year-end as it bids for new system contracts
(Sharecast News) - Maritime surveillance and navigation technology specialist SRT Marine Systems announced a change to its financial reporting dates on Friday, in a bid to safeguard its ability to bid for pending new system contracts.
HelloFresh warns on profits, shares plunge
(Sharecast News) - Shares in HelloFresh plummeted on Friday, after the food delivery service warned on profits for the second time and scrapped its mid-term targets.
Mattioli Woods to be taken private by Pollen Street Capital in £432m deal
(Sharecast News) - Wealth manager Mattioli Woods said on Friday that it has agreed to be bought by private equity firm Pollen Street Capital in a £432m deal.
Kinovo makes progress with remaining DCB projects
(Sharecast News) - Specialist property services group Kinovo reported progress towards concluding the remaining projects associated with DCB Kent, its former construction division, on Friday.
Barclays downgrades PZ Cussons, cites too much Nigerian exposure
(Sharecast News) - Barclays downgraded shares of Imperial Leather maker PZ Cussons on Friday to 'equalweight' from 'overweight' and slashed the price target to 111p from 205p, citing "too much" Nigerian exposure.
Just Group profits jump amid buoyant retirement income market
(Sharecast News) - Just Group reported a 47% jump in underlying operating profit in its 2023 results on Friday, to £377m, which it put down to significant increases in new business and in-force profits.
Mondi to buy DS Smith in £5.1bn deal
(Sharecast News) - Packaging firm Mondi has agreed to buy smaller rival DS Smith for £5.1bn.
UK regulator warns T&L Sugars/Tereos deal could raise sugar prices
(Sharecast News) - Britain's competition regulator on Friday said that the Tate & Lyle Sugars purchase of UK & Ireland assets from France's Tereos could result in higher sugar prices for UK shoppers.
Petrofac secures $200m contract with Turkemengas
(Sharecast News) - Petrofac said on Friday that it has been awarded a three-year operations contract from Turkemengas at the Galkynysh Gas Field, in Turkmenistan.
Capital & Regional posts modest growth in footfall
(Sharecast News) - Shopping centres investor Capital & Regional reported a modest uptick in footfall in 2023 as customers headed to discount stores at an increased rate.
Frasers Group closing Matches after two months of ownership
(Sharecast News) - Frasers Group responded to fresh media reports over its acquisition of Matches on Friday, confirming that the brand was being shuttered just two months after acquisition.
Currys gets green light for sale of Greek business
(Sharecast News) - Currys said regulators had approved the sale of its Greek and Cypriot retail business Kotsovolos to Public Power Corporation for an enterprise value of €200m (£175m).
Informa ups guidance after annual profits jump
(Sharecast News) - Informa upped 2024 guidance on Friday after strong growth in overseas markets boosted full-year revenues and profits.
Continental shares fall as 2023 profits and sales miss estimates
(Sharecast News) - Full-year results at German auto parts manufacturer Continental came in below expectations on Thursday despite the company hiking its dividend after operating profits rose by nearly a third.
Friday preview: US non-farm payrolls, Entain in the spotlight
(Sharecast News) - All eyes at the end of the week will be on the one report that could easily upend many market forecasts should it deviate from the consensus - the monthly non-farm payrolls report.
GE Aerospace announces $15bn share buyback ahead of spin-off
(Sharecast News) - US conglomerate General Electric shares were on the rise on Thursday after GE Aerospace unveiled plans for a $15bn share buyback ahead of its launch as a standalone company next month.
Beowulf Mining appoints project manager to Kallak
(Sharecast News) - Beowulf Mining announced on Thursday that its wholly-owned Swedish subsidiary, Jokkmokk Iron Mines, had appointed Dmytro Siergieiev as the project director for the Kallak Iron Ore Project, effective 1 May.
Duke Capital exits investment in streetlight maker Fabrikat
(Sharecast News) - Duke Capital announced the successful exit of its investment in Meteor HoldCo on Thursday, which is the parent company of street lighting and guardrail manufacturer Fabrikat Nottingham.
Zinnwald Lithium reports recent progress at Germany project
(Sharecast News) - Zinnwald Lithium updated the market on its integrated Zinnwald Lithium Project in Germany on Thursday, having recently reported a 445% increase in tonnes and a 243% increase in contained lithium in a mineral resource estimate last month.
Physiomics revenue rises, losses narrow in first half
(Sharecast News) - Physiomics reported revenue of £0.37m in its interim results on Thursday, up from the £0.34m it recorded a year earlier.
Nexus Infrastructure operating loss widens on housing downturn
(Sharecast News) - Nexus Infrastructure reported continuing revenue of £88.7m in its preliminary results on Thursday, down from £98.4m in the prior year, attributed to broader economic challenges and a slowdown in housebuilding activity.
Novo Nordisk sees promising early results for weight loss pill
(Sharecast News) - Shares in Novo Nordisk sparked on Thursday, after the Danish pharmaceutical firm detailed promising trial data for its experimental anti-obesity drug amycretin.
Strategic Minerals reports record-breaking sales from Cobre
(Sharecast News) - Strategic Minerals reported record-breaking sales figures for February at its Cobre magnetite stockpile on Thursday.
Numis upgrades Man Group to 'buy'
(Sharecast News) - Numis has lifted its recommendation for investment manager Man Group from 'hold' to 'buy' and hiked its target price from 260p to 315p, saying that the company's decent short-term investment performance "cannot be ignored".
Helium One reports solid first-half progress in Tanzania
(Sharecast News) - Helium One Global described significant milestones in its half-year report on Thursday, including the acquisition of the Epiroc Predator 220 drilling rig, which it said had been successfully mobilised to the Rukwa site.
Brooks Macdonald underlying profit rises, international business falls short
(Sharecast News) - Brooks Macdonald reported a strong first-half performance on Thursday, as its underlying profit before tax rose 18% to £17.1m, with its underlying profit margin climbing to 26.9%, although it did flag struggles in its international operations.
Berenberg lowers target price on Travis Perkins
(Sharecast News) - Analysts at Berenberg lowered their target price on builders' merchant and home improvement retailer Travis Perkins from 880.p to 800.0p on Thursday, stating times were "still tough" for the company.
Annual profits top $1bn at Beazley
(Sharecast News) - Beazley announced plans to return cash to shareholders on Thursday, after annual profits at the Lloyds' of London insurer topped $1bn.
Serica maintains production guidance as year-end reserves expand
(Sharecast News) - UK North Sea-focussed oil and gas firm Serica Energy said in an update on Thursday that as of 31 December, it had net proved plus probable, or '2P', reserves totaling 140 million barrels of oil equivalent.
Grafton Group tops expectations despite some market weakness
(Sharecast News) - Grafton Group reported a strong set of final results on Thursday, with the building materials distributor announcing a full-year adjusted operating profit of £205.5m, surpassing analysts' expectations.
Darktrace shares surge on 'strong' H1 results
(Sharecast News) - Cyber security business Darktrace shares surged on Thursday as the group detailed a "strong 1H financial performance".
M&S co-CEO Bickerstaffe to retire after AGM in July
(Sharecast News) - Marks & Spencer confirmed on Thursday that co-chief executive Katie Bickerstaffe will retire after the annual meeting in July "to pursue her board career".
Funding Circle shares soar on US exit plans and buyback programme
(Sharecast News) - The share price of small business credit provider Funding Circle soared on Thursday after the company announced a new share repurchase programme to bolster its share price as well as plans to offload its US arm as management attempts to rightsize the business.
Elementis FY operating profits grow, revenues slip
(Sharecast News) - Chemicals company Elementis revealed on Thursday that adjusted operating profits had ticked up in 2023 despite seeing a modest dip in revenues for the year.
Kier reinstates dividend as H1 profits grow
(Sharecast News) - Construction, services and property group Kier said on Thursday that it was reinstating its dividend as it posted a rise in first-half profits.
Admiral profits jump as customer numbers expand
(Sharecast News) - Admiral Group reported a group profit before tax of £442.8m in its annual results on Thursday, making for an increase of 23% from the prior year.
Tyman sees 'challenging' markets as profits fall 19%
(Sharecast News) - Door and window parts maker Tyman said it expected a "challenging" market outlook this year as the building sector continued to struggle amid high interest rates and inflation, reflected in a 19% fall in 2023 profits.
Pagegroup profits slump in 'challenging' conditions
(Sharecast News) - Recruiter Pagegroup reported a slump in full-year profit on Thursday amid "challenging" market conditions.
HSS Hire agrees to sell Power unit
(Sharecast News) - Tool and equipment hire business HSS Hire said on Thursday that it had agreed to sell its Power unit to CES Global for £23.25m.
Spirax shares jump as profit growth to return in 2024
(Sharecast News) - Shares in Spirax Group surged on Thursday after the engineering firm lifted its dividend despite a dip in profits in 2023, held back by lower volumes in higher-margin work and restructuring and impairment costs.
Nationwide to buy Virgin Money in £2.9bn deal
(Sharecast News) - Virgin Money said on Thursday that it has agreed to be taken over by Nationwide Building Society in a £2.9bn deal.
Melrose upbeat after annual results top forecasts
(Sharecast News) - Melrose Industries reported above-forecast annual results on Thursday, after the aerospace specialist benefited from an upturn in the aviation sector.
Aviva in £300m share buyback as FY profits rise 9%
(Sharecast News) - UK insurance giant Aviva on Thursday unveiled a £300m share buyback and better-than-expected 9% rise in full-year earnings on a strong increase in general insurance premiums.
Entain warns of regulatory hit to profits in 2024
(Sharecast News) - Full-year results from sports betting and gaming group Entain were in line with expectations, with underlying earnings hitting the £1bn mark and record-high online customers, though it warned of the significant impact from regulatory changes which will dampen profits in 2024.
Robert Walters delivers in-line 2023, but outlook cautious
(Sharecast News) - Annual results from Robert Walters were more or less as expected on Thursday after a detailed trading update after year-end, with the recruitment company reporting a 10% drop in net fee income and sharp decline in profits.
Rentokil profits boosted by Terminix
(Sharecast News) - Rentokil reported a rise in full-year profit and revenue on Thursday as it benefited from the acquisition of Terminix in the US.
GSK reports more encouraging trial results for Blenrep
(Sharecast News) - GSK unveiled encouraging results from its 'DREAMM-8' phase three trial on Thursday, comparing the efficacy of 'Blenrep', or belantamab mafodotin, in combination with pomalidomide plus dexamethasone, or PomDex, against the standard treatment of bortezomib plus PomDex in relapsed or refractory multiple myeloma patients.
Harbour Energy holds production guidance as weak prices hit 2023 profits
(Sharecast News) - North Sea oil and gas producer Harbour Energy on Thursday held production guidance for 2024 as it reported a sharp fall in annual profits on the back of lower output and weaker prices.
ITV profits slump amid weak ad revenues
(Sharecast News) - UK broadcaster ITV reported a 41% fall in annual profits as weak ad revenues offset a record performance from its studios unit.
Harland & Wolff enters five-year deal with global oil company
(Sharecast News) - Harland & Wolff Group announced a major new partnership on Wednesday, having signed a five-year master services agreement with an unnamed global oil services company.
Likewise reports positive start to 2024
(Sharecast News) - Floor coverings distributor Likewise Group announced a positive start to 2024 in a trading update on Wednesday.
Duke Capital exits investment in Fairmed Healthcare
(Sharecast News) - Duke Capital announced the successful exit from its investment in Fairmed Healthcare, a Swiss-based supplier of generic prescription medicines and other pharmaceutical products in the EU, on Wednesday.
Braveheart takes Autins stake to over 23pc
(Sharecast News) - Braveheart Investment Group announced a significant increase in its ownership stake in Autins Group on Wednesday.
Roadside joint venture acquires second property in Gosport
(Sharecast News) - Roadside Real Estate announced the second successful property acquisition through its joint venture with Meadow Partners on Wednesday.
Science in Sport shifts operating model to focus of profitability
(Sharecast News) - Performance nutrition company Science in Sport updated the market on a significant shift in its operating model on Wednesday, following a comprehensive business review.
Coventry Building Society hires JPMorgan to help secure Co-op Bank deal
(Sharecast News) - The Coventry Building Society has reportedly enlisted Wall Street bank JP Morgan to strengthen its proposed takeover of the Co-operative Bank.
Nexxen reports mixed year amid ad market downturn
(Sharecast News) - Advertising technology company Nexxen International reported a mixed financial performance in its full-year results on Wednesday, amid challenges in integrating the acquisition of Amobee, and a weaker overall advertising market.
US private sector adds fewer jobs than expected in February - ADP
(Sharecast News) - Private sector employment in the US rose less than expected in February, according to figures released on Wednesday by ADP.
Foot Locker lowers 2024 forecast despite fourth-quarter beat
(Sharecast News) - Foot Locker surpassed expectations in its fourth-quarter 2023 results on Wednesday, but disappointed investors after it lowered its profit outlook for the 2024 financial year.
Shares in Challenger Energy soar on Chevron deal
(Sharecast News) - Shares in Challenger Energy Group soared on Wednesday, after the AIM minnow struck a deal with US oil major Chevron.
Galliford Try lifts dividend as H1 profits jump
(Sharecast News) - Construction firm Galliford Try posted a jump in first-half profit and revenue on Wednesday as it hailed growth in both the building and infrastructure segments, and lifted its dividend.
Oxford Nanopore delays breakeven target as Covid revenue falls away
(Sharecast News) - Molecular sensing technology developer Oxford Nanopore Technologies reported a fall in total revenue in its preliminary results for 2023 on Wednesday, despite a surge in life science research tool revenue, as it pushed out its forecast for reaching breakeven.
Capita slumps to full-year loss, shares plummet
(Sharecast News) - Shares in Capita plummeted on Wednesday, after last year's cyberattack helped pushed the outsourcing giant heavily into the red.
Nichols profits rise as OoH restructuring pays off
(Sharecast News) - Shares in Vinto and Slush Puppie maker Nichols rose strongly on Wednesday after the drinks group reported increased profits for 2023, helped by the exit from unprofitable businesses within the Out of Home division, and pointed to further growth this year.
Digital 9 Infrastructure gets regulatory approval to sell Verne Global
(Sharecast News) - Digital 9 Infrastructure surged on Wednesday after saying it had received regulatory approval to sell Verne Global, paving the way for it to potentially wind down and return funds to shareholders.
Jefferies upgrades Experian as volumes stabilise, growth accelerates
(Sharecast News) - Jefferies has upgraded its rating on Experian from 'hold' to 'buy' and hiked its target price by nearly 40%, saying that growth is at an inflection point for the data analytics and credit ratings agency.
Lancashire Holdings declares special dividend after strong year
(Sharecast News) - Lancashire Holdings reported substantial profit growth and strong underwriting results in its final results on Wednesday.
IAG flies higher after double upgrade to 'overweight' by JPMorgan
(Sharecast News) - BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove double upgraded the shares to 'overweight' from 'underweight' and lifted the price target to €2.50 from €1.45.
Telecom Plus customer base tops one million
(Sharecast News) - Utilities, insurance and broadband provider Telecom Plus has passed the one-million customer milestone, as it confirmed that trading was in line with expectations for the full year.
Tullow cites lower oil prices as FY profits, revenue decline
(Sharecast News) - Oil and gas explorer Tullow Oil reported a drop in full-year profit and revenue on Wednesday, citing lower oil prices.
Ibstock FY revenue and profits slide
(Sharecast News) - Brick maker Ibstock revealed on Wednesday that revenue and profits had fallen in 2023 amid "difficult market conditions".
888 Holdings axes SI deal, mulls sale of US consumer arm
(Sharecast News) - UK gambling outfit 888 Holdings on Wednesday admitted its bet on the US sports market hadn't paid off and was ending its deal with Sports Illustrated and mulling a potential sale of its American consumer operations.
Antler sells 21.5m shares in Baltic Classifieds in placing
(Sharecast News) - Antler, which is controlled by funds advised by Apax, has sold 21.5m shares in Baltic Classifieds Group in a placing, raising gross proceeds of £47.3m.
Consortium raises £1.4bn in placing of 21.5m LSEG shares
(Sharecast News) - A consortium of investors in London Stock Exchange Group has sold 21.5m shares in a placing, raising around £1.4bn.
Quilter sees 25% rise in full-year profits
(Sharecast News) - Wealth management company Quilter saw profits rise by a quarter in 2023, helped by a five percentage-point increase in operating margins, after strong investment returns during the year.
Premier Foods to suspend pensions deficit payments early
(Sharecast News) - Premier Foods said on Wednesday that it will benefit from £33m increased free cash flow in the financial year to 29 March 2025 after reaching an agreement with the trustee of its pension scheme to suspend pension deficit contribution payments from 1 April 2024.
LondonMetric completes merger with LXi, buys Crewe property
(Sharecast News) - LondonMetric Property announced the completion of its merger with LXi REIT on Wednesday, effective on 5 March.
L&G posts below-forecast operating profits
(Sharecast News) - UK insurer Legal & General posted lower-than-expected operating profits last year amid tough market conditions.
Rathbones revenue rises as it integrates acquisitions
(Sharecast News) - Rathbones Group reported substantial growth in funds under management and administration (FUMA) in its preliminary results for 2023 on Wednesday, rising to £105.3bn from £60.2bn year-on-year, fueled largely by the acquisition of Investec Wealth & Investment UK (IW&I).
Breedon buys US concrete maker BMC Enterprises for $300m
(Sharecast News) - Construction materials group Breedon on Wednesday said it had bought US-based BMC Enterprises for an enterprise value of $300m (£238.1m).
Convatec lifts organic growth guidance after strong 2023
(Sharecast News) - Medtech group Convatec has lifted its forecasts for medium-term organic growth forecasts after a strong performance in 2023 which saw a rise in margins and double-digit profit growth.
DS Smith sees Q3 trading in line despite tough markets
(Sharecast News) - Paper and packaging maker DS Smith said third-quarter trading was in line with expectations despite "challenging" market conditions.
Canaccord Genuity raises target price on Clarkson
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on shipping services firm Clarkson from 4,325.0p to 4,500.0p on Tuesday after the group delivered a 23% incremental pre-tax profit margin in FY23, lower tax, and a dividend per share of 102.0p with still sizeable net free cash balances at end of the trading year.
Standard Chartered attracting more takeover interest - report
(Sharecast News) - Standard Chartered has reportedly come under the spotlight amid a fresh round of takeover talk.
Meta hit with major outages, Facebook and Instagram down
(Sharecast News) - Social media giant Meta was hit by a major outage on Tuesday afternoon, with thousands of users left unable to access Facebook, Messenger, and Instagram.
Wednesday preview: Spring Budget, Fed's Powell in focus
(Sharecast News) - The market spotlight in the middle of the week will be on the Chancellor as he delivers the Spring Budget.
Monzo valued at $5bn after fresh funding round
(Sharecast News) - Online challenger bank Monzo has secured a new $430m (£339m) funding round led by the Alphabet-owned CapitalG which values it at $5bn (£3.9bn).
JO Hambro fund urges Currys to accept £1bn takeover valuation
(Sharecast News) - A shareholder of Currys was urging the company to seriously consider a takeover bid valuing the electricals retailer at over £1bn, it emerged on Tuesday.
Thales shares surge after 2023 sales and profits beat forecasts
(Sharecast News) - French aerospace, defence and transportation services group Thales saw shares jump more than 8% on Tuesday after delivering 2023 results that beat forecasts across the board, with operating profits topping €2bn for the first time in four years.
Ondine Biomedical assessing Steriwave with Yorkshire partners
(Sharecast News) - Ondine Biomedical announced on Tuesday that it is joining forces with the Mid Yorkshire Teaching NHS Trust, Health Innovation Yorkshire and Humber, and the York Health Economics Consortium (YHEC) to assess the potential cost savings associated with using its 'Steriwave' technology.
MaxCyte flags lower 2023 revenue, flat 2024 growth
(Sharecast News) - Cell engineering technology specialist MaxCyte said in an update on Tuesday that it expected total 2023 revenue of between $41.1m and $41.3m, down from $44.3m in 2022.
Acquisitions help drive strong growth at Johnson Service Group
(Sharecast News) - Johnson Service Group released a strong set of preliminary results for 2023 on Tuesday, with total revenue increasing 20.6% to reach £465.3m.
DotDigital reports positive set of interim results
(Sharecast News) - Customer experience and data platform (CDXP) provider dotDigital Group reported a positive set of interim results on Tuesday, with a 15% increase in group revenue to £38.7m, and a solid 11% organic revenue increase excluding the acquisition of Fresh Relevance.
Somero confident despite weaker set of full-year results
(Sharecast News) - Concrete levelling equipment specialist Somero Enterprises reported a weaker set of final results for 2023 on Tuesday, following declines in its core North American market.
Greatland reports decent progress in interim report
(Sharecast News) - Greatland Gold reported progress at its flagship Havieron gold-copper project in an interim report on Thursday, and updates on exploration activities across its Australian portfolio.
Target shares jump after strong Q4, but FY sales slip
(Sharecast News) - Shares in Target surged in pre-market trade on Tuesday after the American retail giant beat forecasts with its crucial holiday-quarter results despite seeing annual sales decline for the first time in seven years.
XP Power revenue rises despite slower order intake
(Sharecast News) - XP Power reported a 42% decrease in order intake in its annual results on Tuesday, to £208.8m, while revenue saw a modest uptick of 9% to £316.4m.
Foxtons profits drop amid 'challenging' sales market
(Sharecast News) - London estate agent Foxtons posted a decline in full-year pre-tax profits on Tuesday amid "challenging" conditions in the sales market.
Apax Global Alpha net asset value stable at year-end
(Sharecast News) - Apax Global Alpha reported an adjusted net asset value of €1.29bn at year-end in its 2023 results on Tuesday, down slightly from €1.30bn at the end of 2022, and translating to an adjusted net asset value per share of €2.62 or £2.27.
Petrofac's creditor talks continue as firm looks to strengthen balance sheet
(Sharecast News) - Petrofac has said that work to bolster its balance sheet is ongoing as it continues to have active discussions with stakeholders and lenders for performance guarantees in order to fund ongoing work.
JP Morgan raises target price on Trustpilot
(Sharecast News) - Analysts at JP Morgan raised their target price on review website operator Trustpilot from 190.0p to 250.0p on Tuesday, stating earnings momentum looked set to continue as the group transitions into a fast-growing free cashflow generator.
SIG swings to loss amid 'challenging markets'
(Sharecast News) - Building products distributor SIG was under the cosh on Tuesday after saying it swung to a full-year loss as sales were flat in "challenging markets".
China sets 2024 GDP growth target at 5pc
(Sharecast News) - China revealed its growth target for 2024 overnight on Tuesday, aiming for a GDP rise of "around 5%", as per the Government Work Report released during the annual National People's Congress.
CEVA Logistics won't increase takeover offer for Wincanton
(Sharecast News) - CEVA Logistics, a unit of French shipping firm CMA CGM, said on Tuesday that it won't be upping its takeover offer for Wincanton any further, after being outdone by Clipper Logistics owner GXO Logistics last week.
Intertek FY profits grow on improved revenues
(Sharecast News) - Laboratory testing group Intertek said on Tuesday that profits had grown in 2023, driven by improved full-year revenues and margins.
Fresnillo delivers 'sound' 2023 despite profits falling 54%
(Sharecast News) - Shares in Fresnillo gained on Tuesday after the Mexico-focused precious metals miner celebrated a "sound operating performance" in 2023 despite profits dropping by more than a half.
Keller lifts dividend as profits soar
(Sharecast News) - Geotechnical specialist contractor Keller Group more than doubled annual earnings and lifted its dividend by 20%.
Hiscox hails record profits, announces $150m buyback
(Sharecast News) - Hiscox hailed record full-year pre-tax profit on Tuesday amid record investment income as it announced a $150m share buyback.
Rotork launches £50m share buyback after strong year
(Sharecast News) - Rotork reported a robust performance in its preliminary results on Tuesday, as well as a promising outlook as it implemented its 'Growth+' strategy.
Hochschild signs option to buy Brazil project from Cerrado Gold
(Sharecast News) - Hochschild Mining said it had signed a deal with Cerrado Gold giving it the option to buy a 100% interest in the latter's Monte Do Carmo project located in the state of Tocantins, Brazil.
Inchcape details 'excellent' FY23, expects more 'moderate' growth in FY24
(Sharecast News) - Automotive distributor Inchcape detailed an "excellent" annual performance on Tuesday but tempered expectations for future growth.
IWG cautious but confident on 2024 after record revenues
(Sharecast News) - Hybrid-working office space provider IWG reported a sharp rise in annual profits but held a cautious line on 2024 prospects, despite bringing in record revenues last year.
Spirent Communications to be taken over by Viavi in £1bn deal
(Sharecast News) - Spirent Communications said on Tuesday that it has agreed to be taken over by US communications equipment company Viavi in a £1bn deal, as it revealed a slump in profits.
Bakkavor sees 2024 profits at upper end as China markets rebound
(Sharecast News) - Prepared food supplier Bakkavor said it expected 2024 adjusted operating profit to be at least in line with upper end of market expectations after posting a strong rise in earnings last year as its markets in China recovered from Covid-19 restrictions.
Travis Perkins mulling French exit as 2023 profits sink
(Sharecast News) - Building merchant Travis Perkins said it is looking at exiting its French operations after seeing group operating profits more than halved in 2023.
China services growth slows in February - Caixin
(Sharecast News) - Growth in China's services sector slowed in February, according to a survey released on Tuesday.
GSK's ViiV upbeat on ultra-long-acting HIV treatment study
(Sharecast News) - GSK announced on Tuesday that its specialist GIV joint venture with Pfizer and Shionogi, ViiV Healthcare, had reported encouraging results from its phase one clinical trial of an investigational formulation of cabotegravir, termed cabotegravir ultra long-acting (CAB-ULA).
Fall in digital revenue drives weaker year for Reach
(Sharecast News) - British media company Reach reported a 5.4% decline in revenue in its annual results on Tuesday, to £568.6m.
Greggs makes strong start after delivering tasty 2023 profits
(Sharecast News) - High Street bakery chain Greggs maintained guidance and said it had made a strong start to the current year after delivering a jump in 2023 profits as customers sought out its sausage rolls and doughnuts amid the cost-of-living crisis.
Braveheart to retain Paraytec after failing to find buyer
(Sharecast News) - Braveheart Investment Group updated the market on one of its key investments, Paraytec, on Monday, confirming that it had failed to find an appropriate buyer for the company.
Jaywing reports resilient performance as its explores options
(Sharecast News) - Integrated marketing, risk and data consultant Jaywing reported resilient performance in a trading update on Monday, despite challenges in the UK agency market.
Tuesday preview: Global services PMIs, Travis Perkins in focus
(Sharecast News) - Investors' attention on Tuesday will be on a deluge of services sector Purchasing Managers Indices due out around the world.
JetBlue, Spirit Airlines agree to terminate $3.8bn merger agreement
(Sharecast News) - JetBlue and Spirit Airlines said on Monday that they have agreed to terminate their $3.8bn merger due to regulatory challenges.
Apple hit with €1.84bn fine in EU antitrust ruling
(Sharecast News) - Tech giant Apple has been slapped with a €1.84bn fine by European Union antitrust regulators over its App Store rules, with the watchdog telling the company that it cannot stop music streaming services from advertising cheaper subscription deals outside of its store.
AFC Energy generator given the nod for CE mark
(Sharecast News) - Hydrogen power generation technology company AFC Energy announced the reception of its first independent attestation of conformity certificate for a CE mark on Monday, from German certification agency TÜV SÜD for its 30kW H-Power S Series generator.
Mirriad finalises deal with major US media conglomerate
(Sharecast News) - In-content advertising specialist Mirriad announced a significant two-year agreement with an unnamed major US media and entertainment conglomerate on Monday.
Vista Outdoor rejects $2.9bn takeover offer from MNC Capital
(Sharecast News) - Vista Outdoor said on Monday that it had rejected a $2.9bn takeover offer from MNC Capital as it undervalues the business.
Rosslyn warns on revenue despite growing pipeline
(Sharecast News) - Rosslyn Data Technologies warned on its revenue on Monday, even as it reported that since it announced its interim results on 25 January, it had seen a sustained expansion in its total pipeline, surpassing the figures recorded at the same time last year.
Craneware trading in line after first-half growth
(Sharecast News) - US healthcare software and service specialist Craneware reported an 8% increase in first-half revenue in its interim results on Monday, to $91.2m.
GlobalData confident after year of solid growth
(Sharecast News) - Data, analytics and insights platform GlobalData reported a 12% rise in revenue in its full-year results on Monday, to £273.1m, accompanied by a 32% increase in operating profit to £73.7m.
Berenberg lifts target price on Craneware
(Sharecast News) - Analysts at Berenberg lifted their target price on software firm Craneware from 2,300.0p to 2,600.0p on Monday, noting that strong momentum had seemingly continued throughout the first half of its trading year.
Renalytix surges on takeover approach
(Sharecast News) - Renalytix surged on Monday after saying it had received an unsolicited takeover approach from "a large and well-capitalised publicly listed strategic diagnostics company".
KPMG fined £1.5m over Saatchi audit
(Sharecast News) - UK accounting firm KPMG has been fined yet again, this time to the tune of £1.5m over what the industry regulator called "serious failings" in its audit of advertising agency M&C Saatchi.
Jefferies upgrades BP to 'buy'
(Sharecast News) - Jefferies upgraded BP on Monday to 'buy' from 'hold' and lifted the price target to 570p from 520p.
Faron Pharmaceuticals shores up cash with EUR 3.2m convertible loans
(Sharecast News) - Faron Pharmaceuticals announced on Monday that it has successfully secured binding commitments for convertible loans totalling €3.2m from a select group of existing shareholders.
JP Morgan raises target price on Spectris
(Sharecast News) - Analysts at JP Morgan raised their target price on instrumentation and controls group Spectris from 2,900.0p to 2,950.0p on Monday, but noted that the group's full-year results had left it with "little to get excited over".
Frasers buys online bike retailer Wiggle out of administration - report
(Sharecast News) - Mike Ashley's Frasers Group has reportedly bought online bicycle retailer Wiggle out of administration.
HICL Infrastructure delivers 'solid operational performance'
(Sharecast News) - Investment company HICL Infrastructure said on Monday that it had delivered a "solid operational performance" over the five months ended 29 February.
Hipgnosis Songs Fund asset value falls on independent review
(Sharecast News) - Hipgnosis Songs Fund updated the market on ongoing strategic review on Monday, reporting a notable reduction in the company's fair value after a detailed report from Shot Tower Capital.
Macy's surges as Arkhouse and Brigade lift takeover offer
(Sharecast News) - Macy's shares surged in pre-market trade on Monday after the department store retailer said that Arkhouse Management and Brigade Capital Management had lifted their takeover offer the company to $6.6bn.
Bridgepoint eyes €4bn MotoGP sale - report
(Sharecast News) - London-listed private equity firm Bridgepoint is looking to sell its stake in MotoGP's parent company, Dorna Sports, for up to €4bn (£3.4bn), Sky News reported on Monday, citing unnamed sources.
PensionBee to expand into lucrative US defined contribution market
(Sharecast News) - UK pension provider PensionBee has announced it is expanding in the US through an exclusive agreement with an unnamed American financial institution as it looks to increase its share in the world's largest defined contribution pension market.
Clarksons posts record full-year profits
(Sharecast News) - Shipping broker Clarksons posted record full-year profits on Monday.
THG secures 17-month extension to revolving credit facility
(Sharecast News) - THG announced the extension of its revolving credit facility (RCF) by 17 months on Monday, stretching its maturity to May 2026.
Vertu Motors fleet and commercial vehicle profits grow
(Sharecast News) - Car dealership Vertu Motors said on Monday that core gross profits from fleet and commercial vehicle sales had grown in the five months ended 31 January, with the group now expecting to report full-year adjusted pre-tax profits in line with market expectations.
Senior sees aerospace boost as aircraft demand grows
(Sharecast News) - UK aerospace engineer and Boeing supplier Senior reported a jump in 2023 profits and said it had been asked to maintain supply levels of parts for the US plane maker's B737-Max aircraft.
Wizz Air traffic rises but load factor hit by Israel disruption
(Sharecast News) - Low-cost airline Wizz Air saw an acceleration in passenger growth in February but its load factors remained firmly below last year as a result of reallocated flights from Israel and ongoing issues related to the Pratt & Whitney GTF engine recall.
Intertek inks deal to acquire Base Met Labs
(Sharecast News) - Intertek announced an agreement to acquire Base Metallurgical Laboratories and Base Met Labs US on Monday, which provide metallurgical testing services within the minerals sector in North America, for an undisclosed sum.
Ryanair traffic jumps 5% in February
(Sharecast News) - Budget airline Ryanair reported a 5% jump in February passenger numbers on Monday.
Aviva returns to Lloyd's market with £242m Probitas purchase
(Sharecast News) - Aviva has returned to the Lloyd's insurance market after an absence of two decades with the £242m purchase of underwriting syndicate Probitas.
Halma buys Rovers Medical for €85m
(Sharecast News) - Health tech company Halma on Monday said it had bought Netherlands-based Rovers Medical Devices for €85m (£73m).
Seeen enters strategic partnership with American 7s Football League
(Sharecast News) - Seeen announced a strategic partnership with the American 7s Football League (A7FL) on Friday, involving the integration of its media and technology artificial intelligence (AI) platform into A7FL's digital landscape, aimed at delivering 'key video moments; to augment views and revenue across video content.
Molecular Energies 'disappointed' with Paraguay well suspension
(Sharecast News) - Molecular Energies said in an update on Friday that the Tapir x-1 exploration well in Paraguay had been temporarily suspended due to challenging drilling conditions, failing to reach the target zone.
FD Technologies warns of revenue slightly below consensus
(Sharecast News) - FD Technologies said in a full-year trading update on Friday that group revenue was expected to be slightly below consensus, at no less than £247m, while adjusted EBITDA was anticipated to be in line with consensus, coming in at £22.5m at least.
Takeover due date extended as FireAngel awaits state clearance
(Sharecast News) - FireAngel Safety Technology updated the market on its proposed acquisition by Intelligent Safety Electronics (ISE) on Friday, confirming an extension of the legally mandated assessment period.
Creo device used in 'groundbreaking' lung cancer procedure
(Sharecast News) - Creo Medical Group announced a significant milestone in the field of minimally-invasive surgical endoscopy for cancer patients on Friday, with its 'MicroBlate Flex' device.
Sondrel talks over capital injection at 'advanced' stage
(Sharecast News) - Semiconductor designer and consultant Sondrel updated the market on its ongoing discussions with a potential capital provider on Friday, to address its immediate working capital needs.
R&Q says divestment is on track after press speculation
(Sharecast News) - R&Q Insurance Holdings responded to fresh press speculation on its plans on Friday, confirming that it was still on track to finalise the sale of its Accredited business.
4basebio inks significant DNA supply contract
(Sharecast News) - 4basebio announced a significant contract through a competitive tender process on Friday, to provide research and GMP-grade synthetic DNA for the advancement of RNA therapeutics and vaccines at CPI's RNA Centre of Excellence.
M&S wins court battle over Oxford St store demolition
(Sharecast News) - Marks & Spencer has come a step closer to demolish its main store on London's Oxford Street after the High Court ruled that a decision by government minister Michael Gove to block the plan was unlawful.
Horizonte extends waivers on interest payments to late March
(Sharecast News) - Horizonte Minerals announced on Friday that it has extended waivers on interest payments, providing relief amidst ongoing financial negotiations.
Daimler Truck shares surge as 2023 profits smash forecasts
(Sharecast News) - Daimler Truck's share price hit a record high on Friday after the world's largest commercial vehicle maker hiked its dividend on the back of stronger-than-expected annual profits.
Orchard Funding shares fall on 'instance of fraud'
(Sharecast News) - Finance group Orchard Funding warned on Friday that it had "suffered an instance of fraud", arising from dealings with a fraudulent introducer.
eEnergy secures £40m in project funding
(Sharecast News) - Digital energy services business eEnergy revealed on Friday that it had secured up to £40.0m in project funding from NatWest.
Berenberg downgrades Relx after share price outperformance
(Sharecast News) - Berenberg downgraded Relx to 'hold' from 'buy' on Friday following the recent share price outperformance.
Canaccord Genuity raises target price on Hunting
(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on energy supplier Hunting from 400.0p to 450.0p on Friday following the publication of the group's full-year results a day earlier.
Ryanair cuts back schedule amid Boeing 737 MAX delays
(Sharecast News) - Ryanair confirmed further setbacks in its aircraft delivery schedule on Friday, after Boeing announced a reduced number of 737 MAX-8200 deliveries.
Deadline for Superdry takeover bid extended
(Sharecast News) - Superdry said on Friday that the Takeover Panel has agreed to extend the "put up or shut up" deadline for co-founder and chief executive Julian Dunkerton to either announce a firm intention to make an offer for the company or walk away.
JP Morgan places Burberry on 'negative catalyst watch'
(Sharecast News) - JP Morgan has added Burberry to its 'negative catalyst watch' list ahead of the British high fashion brand's annual results as the wider luxury sector continues to contend with a major slowdown in growth.
UK manufacturing downturn continues amid Red Sea disruption
(Sharecast News) - The downturn in the UK manufacturing sector continued in February amid disruption from the Red Sea crisis, according to a survey released on Friday.
Rightmove FY profits grow, customer numbers to ease
(Sharecast News) - Real estate property portal operator Rightmove said on Friday that profits had risen in 2023 and guided for further revenue growth in 2024 despite warning that customer numbers were likely to ease this year.
Wincanton board backs £762m takeover approach from GXO
(Sharecast News) - Wincanton said on Friday that its board is now backing a £762m takeover approach by Clipper Logistics owner GXO Logistics, withdrawing previous support for an offer by CEVA Logistics, a unit of French shipping firm CMA CGM.
Pearson FY profits jump on strong demand for English courses
(Sharecast News) - UK educational publisher Pearson said it expected 2024 earnings to be in line with expectations after reporting a rise in annual profits driven by strong demand for its English language courses and extending its share buyback by £200m.
Babcock secures £500m UK submarine contract
(Sharecast News) - Babcock International has secured a significant contract with the UK's Submarine Delivery Agency (SDA), it announced on Friday, valued at £560m.
Tritax reports solid profit growth in 2023
(Sharecast News) - Tritax Big Box, the logistics-focused real estate group currently undergoing a potential £900m all-share merger with UK Commercial Property Reit (UKCM), delivered a small increase full-year profits as a result of higher rental income and lower costs.
ITV sells stake in BritBox International to BBC Studios for £255m
(Sharecast News) - ITV said on Friday that it has sold its entire 50% stake in streaming service BritBox International to its joint venture partner BBC Studios for £255m in cash.
Smiths Group sells £70m of ICU Medical shares
(Sharecast News) - Engineering firm Smiths Group has sold a third of its stake in US-listed IV therapy specialist ICU Medical for £70m.
IMI sees higher earnings as 2023 profits jump 12%
(Sharecast News) - Specialist engineer IMI on Friday reported a 12% jump in full-year profits and forecast higher earnings this year driven by a strong order book.
Sainsbury's to axe 1,500 jobs in cost-cutting drive
(Sharecast News) - Supermarket chain Sainsbury's said on Thursday that it's planning to cut around 1,500 jobs, as it looks to reduce costs and focus on food.
Weaker margins dampen a strong Q1 for Birkenstock
(Sharecast News) - US-listed shares in Birkenstock dropped in New York on Thursday despite the German sandal maker beating analysts' forecasts with its first fiscal quarter results, as adjusted profits declined on the back of margin pressures.
Blackbird raises £1.05m to advance cloud editing platform
(Sharecast News) - Cloud video editing technology specialist Blackbird raised £1.05m on Thursday, to invest into its elevate.io content creation product.
Arecor subsidiary Tetris launching Ogluo in the Netherlands
(Sharecast News) - Arecor Therapeutics updated the market on an announcement made by its subsidiary Tetris Pharma on Thursday, regarding the launch of the 'Ogluo' glucagon prefilled autoinjector pen in the Netherlands.
Silverbullet flags strong rise in total group revenue
(Sharecast News) - AI-focussed digital transformation specialist Silverbullet reported a substantial increase in total group revenue in a trading update on Thursday, to £8.3m, making for 42% growth compared to the prior year's £5.8m.
Power Metal Resources agrees to buy 75pc of GSAe
(Sharecast News) - Power Metal Resources announced an agreement with GSA Environmental (GSAe), on Thursday, under which it would acquire 75% of GSAe's entire issued share capital under binding heads of terms.
Itim Group ends year ahead of market expectations
(Sharecast News) - Itim Group reported a robust full-year financial performance in a trading update on Thursday, surpassing market expectations.
Vodafone rallies on 'RARE' Betaville report
(Sharecast News) - Vodafone rallied on Thursday amid takeover speculation.
Oncimmune revenue falls as it implements new strategy
(Sharecast News) - Oncimmune reported revenue of £2.1m in its final results on Thursday, down from £3.8m for the prior extended 15-month period, with revenue from continuing operations totalling £1.2m.
The Body Shop to close 75 stores across the UK
(Sharecast News) - The Body Shop is to close a further 75 stores, it was confirmed on Thursday, with the loss of nearly 500 jobs.
Citi ups target for Melrose on strong cash generation
(Sharecast News) - Citi has lifted its target price for aerospace manufacturing group Melrose from 620p to 735p and placed the stock on 'catalyst watch' ahead of company's results next week, hailing the company cash-generating abilities.
CVS posts first-half growth as CMA market probe continues
(Sharecast News) - UK veterinary service provider CVS Group reported an 11.4% increase in revenue in its interim results on Thursday, to £329.9m, with a like-for-like sales growth of 6%.
Hunting earnings jump as it diversifies revenue sources
(Sharecast News) - Hunting reported a 19% rise in its order book in its full-year results on Thursday. to $565.2m, accompanied by a 28% increase in revenue to $929.1m.
Annual profits tumble at Man Group
(Sharecast News) - Man Group posted a slump in annual profits on Thursday, despite a jump in assets under management, after performance fees tumbled.
RBC Capital Markets lowers target price on Reckitt
(Sharecast News) - Analyst at RBC Capital Markets lowered their target price on consumer goods company Reckitt from 7,500.0p to 7,000.0p on Thursday but reiterated their 'outperform' rating on the stock, stating it was currently "bruised but undervalued".
Indivior receives settlement approval for antitrust litigation
(Sharecast News) - Pharmaceuticals business Indivior has received final court approval for a landmark settlement in an antitrust multi-district litigation with the direct purchaser class.
Ageas would need to offer 270p to 300p a share for Direct Line, says Jefferies
(Sharecast News) - Belgium's Ageas would need to make an offer of 270p to 300p a share for UK insurer Direct Line for it to be more likely to be accepted, Jefferies said in a note on Thursday.
'Challenging' year dents profits at Schroders
(Sharecast News) - Asset manager Schroders posted a slide in annual profits on Thursday, after a historically "challenging" year for the sector.
Citi upgrades St James's Place to 'buy' after stock sinks
(Sharecast News) - Citi has upgraded its stance on St James's Place after a collapse in the the financial advice company's shares this week, saying that the "potholes have been filled".
CRH expects further profit growth in 2024, unveils another share buyback
(Sharecast News) - Shares in CRH jumped to a record high on Thursday after the building materials giant reported double-digit profit growth for 2023 and announced a new $300m share buyback programme.
Friday preview: Global factory PMIs, Rightmove in focus
(Sharecast News) - All eyes at the end of the week will be on a raft of factory sector survey results for the month of February due out across the world.
Wincanton surges as GXO makes £764m takeover offer, trumps CEVA Logistics
(Sharecast News) - Wincanton surged on Thursday after Clipper Logistics owner GXO Logistics said it had made a £764m takeover offer for the company, potentially kicking off a bidding war.
Greencoat UK Wind hikes FY dividend
(Sharecast News) - Renewable infrastructure fund Greencoat UK Wind hiked its dividend above expectations in 2023 and said it was confident of being able to do it again in FY24.
Hammerson earnings rise in record year for leasing activity
(Sharecast News) - Hammerson reported another record year of leasing activity in its final results on Thursday, with 306 deals totalling £46m in headline rent, marking an increase of 23% year-on-year.
Avacta tumbles after raising £25.7m in heavily discounted placing
(Sharecast News) - Healthcare therapeutics company Avacta tumbled on Thursday after a heavily discounted placing.
Shaftesbury Capital swings to net profit on strong leasing
(Sharecast News) - West End-focused real estate group Shaftesbury Capital said it saw "excellent" leasing activity across all property with rents rising by a tenth as it swing to a net profit in 2023.
Spire Healthcare profits grow following 'strong' FY performance
(Sharecast News) - Private healthcare business Spire revealed on Thursday that full-year profits had surged in 2023 following a "strong" full-year performance.
Drax lifts dividend as full-year profits jump
(Sharecast News) - Power generation company Drax posted a surge in full-year profits on Thursday and lifted its dividend, as Britons struggled to pay their energy bills.
Serco sees lower revenue, profits up in 2024
(Sharecast News) - Government contractor Serco said it expected slightly lower revenues this year and a 5% rise in profit as 2023 earnings rose 25%.
Vesuvius FY profits drop amid 'difficult' market conditions
(Sharecast News) - Molten metal flow engineer Vesuvius reported a drop in full-year profit and revenue on Thursday amid "difficult" market conditions.
LSE expects progress in 2024, says outlook for IPOs ' encouraging'
(Sharecast News) - The London Stock Exchange Group posted modest profit growth for the year just ended and sounded a confident note on the outlook, including for initial public offerings.
Spectris reports record profits but sales fall short of forecasts
(Sharecast News) - Precision instrumentation and controls company Spectris reported record adjusted profits for 2023 on the back of double-digit sales growth and improving margins, though sales came in slightly below forecasts.
Haleon sees higher sales in 2024 as FY profits come in flat
(Sharecast News) - Consumer health firm Haleon on Thursday posted flat annual earnings and said it expected to grow revenue this year on higher demand.
Weir Group delivers strong 2023 profits as margins beat targets
(Sharecast News) - Weir Group managed to deliver an 18% increase in adjusted profits in 2023 after beefing up margins more than expected as it pointed to further growth across the board this year.
GSK reaches settlement in another Zantac case
(Sharecast News) - GSK announced a confidential settlement with Boyd/Steenvoord, effectively resolving a case filed in California state court over its discontinued heartburn drug Zantac.
Ocado returns to profit in 2023
(Sharecast News) - Ocado said on Thursday that it swung back to an underlying profit in 2023 as its joint venture with M&S returned to profit.
IAG profits fly past pre-pandemic levels on strong leisure demand
(Sharecast News) - British Airways owner IAG on Thursday more than doubled annual profit as demand continued to rebound from the effects of the Covid pandemic.
Verditek shares jump as it agrees sale of solar assets
(Sharecast News) - Verditek shares were surging on Wednesday afternoon, after it announced a conditional sale and purchase agreement to divest its solar business, including Verditek Solar Italy, to Verditek Solar Limited for £0.53m.
Deutsche Numis puts St James's Place rating under review after results
(Sharecast News) - Deutsche Numis put its rating on St James's Place under review from 'buy' on Wednesday after the wealth manager's full-year results.
Thursday preview: Inflation data, IAG in focus
(Sharecast News) - Should the Federal Reserve begin to reduce interest rates in June?
EnSilica secures substantial US order
(Sharecast News) - Application-specific integrated circuit (ASIC) specialist EnSilica announced a substantial order for the tape-out of a bespoke ASIC from a major US-based electronics manufacturer on Wednesday.
Co-op Bank profits slide after rise in redress costs and expenses
(Sharecast News) - The Co-operative Bank reported an underlying profit of £120.9m in its full-year results on Wednesday, down from £136m year-on-year, with a net interest margin of 180 basis points, making for a 14 basis point increase compared to 2022.
Kibo Energy subsidiary MED strikes new funding partnership
(Sharecast News) - Kibo Energy announced on Wednesday that its flexible power specialist subsidiary Mast Energy Developments (MED) had struck a strategic funding partnership with RiverFort Global Opportunities PCC (RiverFort), along with a substantial funding agreement, a new capacity market contract, and the termination of the Proventure joint venture agreement.
Revenue rises but margins narrow for Avingtrans
(Sharecast News) - Avingtrans reported a 30.4% increase in first-half revenue in its interim results on Wednesday, to £65.2m, compared to £50.0m in the same period last year.
Image Scan confident despite slower start to year
(Sharecast News) - Security and industrial inspection scanning technology specialist Image Scan said in a trading update on Wednesday that, while it returned to profit in 2023, trading in the current financial year started at a slower pace in terms of sales and order intake.
Bradda Head completes exchange of claims in Arizona
(Sharecast News) - Bradda Head Lithium announced on Wednesday that it has concluded a significant land exchange concerning the unpatented lode claims at its Wikieup clay project in Western Arizona, originally announced on 1 March 2023.
Trellus Health signs deal with large US health plan
(Sharecast News) - Digital health company Trellus Health announced a significant agreement with a major US health plan on Wednesday, targeting inflammatory bowel disease (IBD) management.
AB Dynamics reports positive trading performance
(Sharecast News) - Testing, simulation and measurement products specialist AB Dynamics reported positive performance in a trading update on Wednesday, in line with the board's expectations.
Ageas mulls £3.1bn bid for Direct Line, shares surge
(Sharecast News) - Shares in Direct Line Insurance Group motored ahead on Wednesday, after Belgium's Ageas confirmed it was considering a possible £3.1bn bid for its UK rival.
Nexxen reaches settlement and inks alliance with Alphonso, LG
(Sharecast News) - Nexxen International announced on Wednesday that it had finalised a settlement and embarked on a three-year strategic alliance with Alphonso and LG Electronics.
EasyJet to re-join FTSE 100 in latest reshuffle; Endeavour up for demotion
(Sharecast News) - EasyJet is expected to make its way back into the FTSE 100 in the latest reshuffle due to be announced after the market close on Wednesday.
China's Country Garden faces winding-up petition
(Sharecast News) - Chinese developer Country Garden Holdings Company has been hit by a winding-up petition, it was confirmed on Wednesday, in the latest blow to China's embattled property sector.
Fourth-quarter sales disappoint at Reckitt, shares slide
(Sharecast News) - Shares in Reckitt Benckiser Group tumbled on Wednesday, after fourth-quarter sales missed expectations.
Berenberg raises target price on IHG
(Sharecast News) - Analysts at Berenberg raised their target price on Intercontinental Hotels Group from 6,000.0p to 7,400.0p on Wednesday following the group's "solid" full-year results.
Primary Health Properties rental income grows, ups FY dividend
(Sharecast News) - Real estate investor Primary Health Properties said on Wednesday that rental income had risen in the ended 31 December, leading the group to hike its final dividend payout.
HICL sells stake in US toll-road project for $232m, unveils £50m buyback
(Sharecast News) - HICL said it had was selling its entire stake in the US Northwest Parkway toll-road project (NWP) to VINCI Highways for $232m and starting a £50m share buyback with the proceeds.
Derwent upgrades lettings guidance despite wider full-year loss
(Sharecast News) - Derwent London reporting a robust lettings performance in its 2023 results on Wednesday, despite reporting a wider loss, as it upgraded its guidance for the new financial year.
Capita secures £220m contract extension
(Sharecast News) - Outsourcing company Capita has inked a deal with as much as £220.0m with a "major European telecoms provider".
Halfords shares tank as weak consumer backdrop leads to profit warning
(Sharecast News) - Shares in auto and bike parts retailer Halfords plummeted on Wednesday after the company delivered a surprise profit warning with just one month to go before the end of its financial year and said there would be no profit growth next year.
Thames Water calls for higher bills as it looks to stay afloat - report
(Sharecast News) - Thames Water is lobbying both government and the regulator to allow it to raise bills, pay dividends and avoid swingeing fines, it was reported on Wednesday.
Aston Martin halves losses on record prices
(Sharecast News) - UK luxury carmaker Aston Martin Lagonda more than halved annual losses last year, driven by higher prices for its high-end vehicles.
Just Eat guides to strong profit growth in 2024
(Sharecast News) - Takeaway group Just Eat delivered adjusted profits ahead of its own forecasts for 2023 and predicted a 39% jump in earnings this year as gross transaction value (GTV) excluding North America returned to growth.
St James's Place tumbles as it swings to loss, cuts dividend on customer refunds
(Sharecast News) - Wealth manager St James's Place tumbled on Wednesday after saying it swung to a full-year loss and slashing its dividend, as it set aside £426m for potential client refunds.
Segro raises £907m in placing to pursue growth opportunities
(Sharecast News) - Real estate investment trust Segro said on Wednesday that it had raised gross proceeds of £907m in a placing to pursue additional growth opportunities.
Drax secures capacity deals, faces fresh sourcing scrutiny
(Sharecast News) - Drax Group announced provisional agreements secured through the recent T-4 capacity market auctions on Wednesday, as it also faced fresh scrutiny over its sourcing practices.
Taylor Wimpey sees fewer builds in 2024 as profits slump
(Sharecast News) - UK housebuilder Taylor Wimpey said current trading was showing "some encouraging signs of improvement" but would still build fewer homes this year as 2023 profits almost halved on higher mortgage rates and weaker demand.
Vodafone to sell Italian operations to Swisscom for €8bn
(Sharecast News) - Vodafone has confirmed media speculation that it intends to sell its Italian operations to Swiss telecoms group Swisscom for an enterprise value of €8bn.
Segro to raise £800m in placing to pursue growth opportunities
(Sharecast News) - Real estate investment trust Segro said on Tuesday that it was planning to raise around £800m in a placing to pursue additional growth opportunities.
Barclays to sell $1.1bn of card debt to Blackstone
(Sharecast News) - Barclays has agreed to sell around $1.1bn of credit-card receivables in the US to Blackstone as it looks to reduce its risk-weighted assets and create additional lending capacity.
Ocean Harvest granted patent covering OceanFeed benefits
(Sharecast News) - Ocean Harvest Technology announced the granting of a second patent on Tuesday, covering various claims related to the benefits of its 'OceanFeed' product.
Oracle Power launches two studies at Jhimpir site
(Sharecast News) - Oracle Power announced on Tuesday that, alongside its joint venture company Oracle Energy, it had initiated a geotechnical study and an electrical resistivity survey (ERS) for the proposed renewable power plant site at Jhimpir, in Pakistan's Sindh province.
SkinBioTherapeutics reports positive interim acne study findings
(Sharecast News) - Life science company SkinBioTherapeutics reported encouraging interim findings from its ongoing AxisBiotix acne food supplement study featuring its lead formulation on Tuesday.
Norwegian projects bumper first quarter as cruise demand surges
(Sharecast News) - Norwegian Cruise Line projected a promising first-quarter profit on Tuesday, buoyed by robust demand and increased ticket prices.
Fusion Antibodies gets first order under new services agreement
(Sharecast News) - Fusion Antibodies announced the receipt of its first purchase order under a master services agreement on Tuesday, which it agreed with a prominent diagnostics company on 14 February.
Morgan Stanley downgrades Unilever
(Sharecast News) - Morgan Stanley downgraded Unilever on Tuesday to 'underweight' from 'equalweight' and cut the price target to 3,775p from 4,100p.
Macy's reports mixed holiday quarter, unveils new strategy
(Sharecast News) - Shares in Macy's were bobbing above and below the waterline in pre-market trading on Tuesday, after the retail giant reported a mixed set of holiday-quarter figures and unveiled a new strategic plan.
Kitwave reports decent growth as it integrates acquisitions
(Sharecast News) - Kitwave Group reported a 20% rise in revenue in its full-year results on Tuesday, to £602.2m, compared to £503.1m in the prior year.
Brickability outlook more conservative amid weak brick market
(Sharecast News) - Construction materials distributor Brickability said in an update on Tuesday that, despite positive performances in the distribution and contracting divisions, weakness in bricks and building products was leading to a more conservative full-year outlook.
Itim shares surge on 'significant' five-year contract with Quiz
(Sharecast News) - Software-as-a-service business Itim Group revealed on Tuesday that it had won a contract with fashion retailer Quiz Clothing.
Lowe's revenue meets expectations as it warns of DIY slowdown
(Sharecast News) - US home improvement retailer Lowe's reported fourth-quarter revenue that met analysts' expectations on Tuesday, as it fell 17.1% year-on-year to $18.6bn.
Currys rejects sweetened takeover approach from Elliott Advisors
(Sharecast News) - Currys confirmed on Tuesday that it had received and rejected a sweetened takeover approach from US investment firm Elliott Advisors.
Elliott Advisors said to have sweetened offer for Currys to £750m
(Sharecast News) - Investment firm Elliott Advisors has reportedly returned with a second offer for electricals retailer Currys amid investor hopes of a rare bidding war for a London-listed company.
M&S investing £89m to raise store workers' pay to £12 an hour
(Sharecast News) - High street retailer Marks & Spencer has announced it is to pay UK workers in the Real Living Wage of £12 per hour and make "significant improvements" in family leave policies.
Sondrel wins new design and supply contract
(Sharecast News) - Semiconductor company Sondrel said on Tuesday that it had won a new design and supply contract for a next-generation video processing chip with a total estimated value of $23.0m across the design, qualification and projected production life of the product.
Itaconix achieves 'another record year of revenues'
(Sharecast News) - Plant-based polymers manufacturer Itaconix said on Tuesday that it had achieved "another record year of revenues" in 2023, sending shares skyward in early trading.
Silver Bullet Data extends contract with Mars Petcare US
(Sharecast News) - Digital solutions company Silver Bullet Data Services said on Tuesday that it has secured an extended contract with Mars Petcare US.
Berenberg slightly raises target price on Hikma Pharmaceuticals
(Sharecast News) - Analysts at Berenberg raised their target price on drugmaker Hikma Pharmaceuticals from 1,960.0p to 2,000.0p on Tuesday, citing more stability in its generics unit.
Rentokil offers "extremely good value", says RBC
(Sharecast News) - RBC Capital Markets has reiterated an 'outperform' rating and 575p target price for Rentokil Initial ahead of the pest control group's full-year results next week.
Uniphar posts robust set of full-year results
(Sharecast News) - Healthcare services company Uniphar reported a robust set of preliminary results on Tuesday, with EBITDA rising 17.7%, as it achieved a return on capital employed of 15.2% and maintained year-end leverage at 1.6x.
Shein considers switching IPO from New York to London
(Sharecast News) - Fast fashion retailer Shein was said to be looking at switching its proposed $90.0bn initial public offering from New York to London as a result of regulatory hurdles to the listing in the US.
Wednesday preview: US Q4 GDP, Reckitt Benckiser in focus
(Sharecast News) - All eyes on Wednesday will be on a revised reading for fourth quarter U.S. gross domestic product growth.
McBride lifts full-year outlook, shares surge
(Sharecast News) - McBride surged on Tuesday as the cleaning products manufacturer lifted it full-year outlook for adjusted operating profit, citing good levels of demand for retailers' own brands.
Victorian Plumbing confident despite fall in average order value
(Sharecast News) - Bathroom retailer Victorian Plumbing said in a trading update on Tuesday that it had seen a 3% reduction in average order value in the first 21 weeks of the financial year.
Woodside delivers record output but falling prices hit profits
(Sharecast News) - Australian liquefied natural gas company Woodside Energy delivered a record production performance in 2023, but both profits and revenues fell sharply falling prices outweighed an increase in sales volumes.
Abrdn FY losses narrow; transformation programme underway
(Sharecast News) - Fund manager Abrdn said on Tuesday that it has started work on its plans to cut around 500 jobs as part of a cost-reduction programme that is running ahead of targets, as it posted a narrowing of its full-year losses but warned of a hit to margins as clients shift to passive investing.
Endeavour expects first gold from Sabodala-Massawa in May
(Sharecast News) - Mining group Endeavour has announced that wet commissioning activities are now underway at the Sabodala-Massawa Expansion project in Senegal, with first gold expected in early May.
Barclays upgrades Flutter Entertainment to 'overweight'
(Sharecast News) - Barclays upgraded Flutter Entertainment on Tuesday to 'overweight' from 'equalweight' and lifted the price target to 200p from 153p, citing multi-year earnings growth.
Smith & Nephew revenue growth tops full-year forecasts
(Sharecast News) - Medical device giant Smith & Nephew reported fourth-quarter revenue of $1.46bn on Tuesday, marking a 6.4% increase on an underlying basis compared to the prior year.
UK grocery price inflation eases to 5.3% in February
(Sharecast News) - Research company Kantar's latest supermarket share update showed that grocery price inflation had dropped to 5.3% in February, its lowest rate since March 2022.
Unite Group lifts rental guidance after solid 2023
(Sharecast News) - Student accommodation provider Unite Group has delivered a confident outlook and upgraded guidance after seeing record adjusted earnings for 2023, though reported profits dropped by more than two thirds as a result of big losses related to changes in property valuations.
Croda warns on margins as profits slump on weak demand
(Sharecast News) - British speciality chemicals maker Croda International on Tuesday warned of lower operating margins this year after posting a slump in 2023 profits due to customers destocking and a weak macroeconomic environment.
Oriole Resources reports progress at Mbe gold project
(Sharecast News) - Gold explorer Oriole Resources updated the market on exploration at its 90%-owned Mbe gold project in Cameroon on Monday.
i3 Energy ends year at top-end of guidance
(Sharecast News) - i3 Energy reported a robust fourth-quarter performance in an update on Monday, with record annual corporate production for 2023 averaging 20,711 barrels of oil equivalent per day.
Intl Personal Finance delays FY results, cites Polish regulatory issues
(Sharecast News) - International Personal Finance cited regulatory issues in Poland as it delayed the release of its full-year results.
Lexington Gold pleased with recent drilling at Bothaville
(Sharecast News) - Lexington Gold updated the market on its 2023-2024 drilling programme at the Bothaville Project in the Witwatersrand Gold Basin of South Africa on Monday, where it started drilling in early December, reporting significant milestones.
Tertiary Minerals forms Zambian joint venture
(Sharecast News) - Tertiary Minerals announced the signing of a new joint venture agreement with local partner Mwashia Resources on Monday.
Falcon Oil tops pre-drill expectations at Shenandoah South well
(Sharecast News) - Falcon Oil & Gas announced significant achievements at the Shenandoah South 1H (SS-1H) well in EP117 on Monday, surpassing pre-drill expectations.
KKR to buy Broadcom's EUC Division in $4bn deal
(Sharecast News) - Private equity firm KKR has agreed to buy Broadcom's end-user computing division - the EUC Division - in a $4bn deal.
Base Resources confident despite lower product prices
(Sharecast News) - Base Resources reported a decrease in average achieved product prices in its half-year results on Monday, as rutile prices declined by 4%, ilmenite by 9%, and zircon by 18%.
Tuesday preview: US data, Abrdn in the spotlight
(Sharecast News) - Investors' focus on Tuesday will be on a raft of U.S. economic indicators that are due out.
Directa Plus buys further 49pc stake in Setcar
(Sharecast News) - Directa Plus announced the acquisition of an additional 48.96% stake in Setcar on Monday, taking its shareholding from 50.99% to 99.95%.
New Tristel products recommended for UK, EU certification
(Sharecast News) - Infection prevention products developer Tristel announced the successful conclusion of all reviews required under the UK and European Union medical devices regulations for the approval of its TANK ClO2 sporicidal disinfectant system on Monday.
Serica Energy finalises acquisition of Greater Buchan stake
(Sharecast News) - Serica Energy announced on Monday that it had finalised the acquisition of a 30% non-operated stake in the Greater Buchan Area (GBA) licences, comprising P2498 and P2170, from Jersey Oil & Gas (JOG).
M&S withholding multi-million pound payment to Ocado over performance failures
(Sharecast News) - Ocado slumped on Monday following a report over the weekend that Marks & Spencer is withholding a multimillion-pound payment to the group after their grocery delivery venture missed key performance targets.
Berenberg lifts StanChart price target
(Sharecast News) - Berenberg upped its price target on 'buy' rated Standard Chartered on Monday to 1,050p from 1,000p as it said that growth and returns are undervalued.
Ryanair blames Boeing as it revises down passenger forecasts
(Sharecast News) - Ryanair revised down its passenger forecasts and warned of possible flight cancellations over the upcoming summer season on Monday, blaming Boeing over worsening delays in aircraft deliveries.
Heathrow denies report that third runway has been scrapped
(Sharecast News) - London's Heathrow Airport has denied a report by the Sunday Times that plans to add a third runway had been shelved.
Berenberg lowers target price on Tate & Lyle
(Sharecast News) - Analysts at Berenberg lowered their target price on food ingredients manufacturer Tate & Lyle from 890.0p to 860.0p on Monday due to FX headwinds.
Hipgnosis Songs Fund looks to secure indemnity from Merck Mercuriadis
(Sharecast News) - Music royalties investor Hipgnosis Songs Fund said on Monday that it was now seeking to secure an indemnity from Merck Mercuriadis and Hipgnosis Songs Management following the issuance of High Court proceedings against both.
Jefferies expects solid recovery at Anglo American
(Sharecast News) - Anglo American investors just need a little more patience, according to analysts at Jefferies who reiterated their 'buy' rating on the mining company ahead of what it sees as an inevitable recovery in the share price.
Wincanton jumps as potential bidding war kicks off
(Sharecast News) - Logistics firm Wincanton surged on Monday after CEVA Logistics, a unit of French shipping firm CMA CGM, sweetened its offer for the group to £604.7m, and following an approach from Clipper Logistics owner GXO Logistics.
Engage XR reports better-than-expected FY losses
(Sharecast News) - Extended reality technology group Engage XR reported a better-than-expected full-year underlying loss on Monday as revenues came in right in the middle of its guidance range.
UK housebuilders face CMA probe over info sharing, home quality
(Sharecast News) - Britain's competition watchdog has started an investigation into eight housebuilders over evidence they may have been sharing information which could be harming competition in the sector and influencing prices.
Kosmos Energy swings to Q4 profit despite fall in sales
(Sharecast News) - American oil group Kosmos Energy reported that fourth-quarter revenues fell by a tenth as falling prices outweighed an increase in production, but the company swung to a profit and painted a bullish outlook for the coming year.
AstraZeneca's blood-disorder drug recommended for EU approval
(Sharecast News) - European regulators has given the green light to AstraZeneca's blood-disorder drug Voydeya, the biopharma giant announced on Monday.
GSK reports positive results from gonorrhoea treatment trial
(Sharecast News) - GSK announced encouraging headline outcomes from its trial of gepotidacin, an oral antibiotic aiming to address uncomplicated urogenital gonorrhoea in adolescents and adults, on Monday.
Hammerson to sell Aberdeen shopping centre for £111m
(Sharecast News) - Hammerson said on Monday that it has agreed the sale of Aberdeen shopping centre Union Square to an affiliate of Lone Star Real Estate Fund VI for £111m in cash.
Begbies Traynor maintains expectations, signs new debt facility
(Sharecast News) - Professional services consultancy Begbies Traynor said in a trading update on Monday that it maintained consistency with expectations in the third quarter, with both divisions trading in accordance with the outlook it provided at its half-year results in December.
Bunzl shares slide on margins warning as US ops weigh
(Sharecast News) - Shares in Bunzl slipped on Monday as the distribution specialist said it expected a slight fall in operating margin after posting a 10% rise in annual profits, as revenues were hit by weaker trading at its North American operations.
Former Bytes Technology boss failed to disclose more than 100 share trades
(Sharecast News) - The former boss of Bytes Technology made more than 100 share trades without disclosing them, it emerged on Friday.
Vela Technologies reports fall in total assets
(Sharecast News) - Early-stage technology investor Vela Technologies said in an update on Friday that its total assets, including cash, decreased by £0.64m or 9% during the December quarter, amounting to £6.18m.
Board member resigns from Griffin Mining's HHA subsidiary
(Sharecast News) - Griffin Mining announced the resignation of Shengchang Jin from his position as a director of Hebei Hua Ao Mining (HHA), an operating subsidiary owned 88.8% by the company, on Friday.
Serco ordered to cease using facial recognition on workers
(Sharecast News) - UK government contractor Serco has been ordered to to stop using facial recognition technology to monitor the attendance of employees at leisure centres it operates.
Jadestone Energy flags board changes at next AGM
(Sharecast News) - Asia-Pacific-focussed upstream company Jadestone Energy announced changes to its corporate governance structure on Friday.
RBC Capital lifts price target on Conduit Holdings
(Sharecast News) - RBC Capital Markets lifted its price target on Conduit Holdings on Friday to 650p from 575p and reiterated its 'outperform' rating.
Quarterly numbers disappoint at Warner Bros Discovery
(Sharecast News) - Warner Brothers Discovery posted a bigger-than-expected quarterly loss on Friday, weighing on the shares.
Verditek reports progress with proposed disposal
(Sharecast News) - Verditek updated the market on its proposed disposal on Friday, announcing positive progress in negotiations with bondholders regarding the sale of certain assets.
Orosur's new incentive plan gets TSX approval
(Sharecast News) - Orosur Mining announced on Friday that it has received approval from the TSX-V for its new equity incentive plan, following shareholder endorsement at the annual and special meeting on 20 December.
Corcel planning next drawdown from convertible loan facility
(Sharecast News) - Corcel updated the market on its unsecured convertible loan note facility on Friday.
RBG expands fundraising with £0.7m retail offer
(Sharecast News) - RBG Holdings unveiled plans for a retail offer directed at existing retail shareholders on Friday, in a bid to raise £0.7m to help its plans to save on interest payments.
Empire Metals chooses not to renew Gindalbie deal
(Sharecast News) - Empire Metals announced a strategic decision regarding its non-core assets on Friday, specifically the Gindalbie Tribute Agreement, as part of its efforts to fast-track development at the Pitfield Titanium Project in Western Australia.
BASF to cut costs by a further €1bn
(Sharecast News) - Germany's BASF Group is to slash costs by a further €1bn, the chemicals giant confirmed on Friday, as it battles higher expenses and falling earnings.
Tlou makes progress at Lesedi power project
(Sharecast News) - Tlou Energy updated the market on the Lesedi project on Friday, reporting significant progress towards electricity generation.
Yu Group inks new hedging deal with Shell Energy Europe
(Sharecast News) - Independent business energy supplier Yu Group announced on Friday that through its Yu Energy Retail subsidiary, it has entered into a new hedging facility with Shell Energy Europe.
Allianz delivers record 2023 but shares fall on weak non-life results
(Sharecast News) - German insurance and asset management group Allianz delivered a record set of annual results on Friday as it hiked its dividend by more than a fifth on the back of a higher payout ratio and launched a new share buyback programme of up to €1bn.
Government to introduce £2 limit for online slots
(Sharecast News) - The government is to introduce a £2 maximum stake for under-25s playing online slot machines, it was confirmed on Friday.
Canaccord raises target for Trainline as strike headwinds ease
(Sharecast News) - Canaccord Genuity has hiked its target price for Trainline ahead of the booking platform's trading next month after pencilling in a less-than-expected impact from recent rail strikes.
Barclays downgrades Dominos on slowing app downloads
(Sharecast News) - Barclays has cut its rating for the UK-listed shares of American pizza chain Domino's from 'overweight' to 'equal weight', citing concerns about a slowdown in takeaway app downloads.
Berenberg raises target price on Chemring
(Sharecast News) - Analysts at Berenberg raised their target price on aerospace and defence group Chemring from 370.0p to 415.0p on Friday, stating demand was driving the group's order book higher.
STM FY revenues seen ahead of market expectations
(Sharecast News) - Financial services provider STM Group said on Friday that full-year revenues were £28.0m, ahead of market expectations, driven by higher than forecasted interest income.
Hornby surges as Frasers Group bumps stake up to 8.9%
(Sharecast News) - Hornby surged on Friday after Mike Ashley's Frasers Group lifted its stake in the model train maker to 8.9%.
Barclays upgrades Breedon Group to 'overweight'
(Sharecast News) - Barclays upgraded construction materials company Breedon Group on Friday to 'overweight' from 'equalweight' and hiked the price target to 450p from 380p.
Deutsche Telekom hits targets, points to further growth in 2024
(Sharecast News) - Deutsche Telekom met guidance with its results for 2023 and forecast an slight acceleration in profit growth this year.
Cab Payments CEO to stand down
(Sharecast News) - Foreign exchange business CAB Payments revealed on Friday that chief executive officer Bhairav Trivedi will be succeeded by Neeraj Kapur following the publication of the group's full-year results on 26 March.
Tribal Group enters mediation process over Singapore uni contract
(Sharecast News) - Education software firm Tribal Group has announced it is now entering a mediation process with Nanyang Technological University (NTU) over continued disputes around its eight-year, £17m contract with the Singaporean institution.
Woodside sells partial share in Scarborough to JERA
(Sharecast News) - Woodside announced a transaction with JERA on Friday involving equity participation in the Scarborough joint venture, LNG trade arrangements, and cooperation in advancing new energy and low-carbon solutions.
Chemring hit by bad weather but full-year expectations unchanged
(Sharecast News) - Chemring has kept hold of guidance but said that annual results will now be increasingly weighted to the second half after severe winter conditions interrupted manufacturing operations at the start of the financial year.
German economy shrinks by 0.3% in Q4, as expected
(Sharecast News) - The German economy contracted by 0.3% on the quarter in the fourth quarter, according to data released on Friday by Destatis, in line with the initial estimate and consensus.
StanChart shares soar on $1bn buyback, higher profits
(Sharecast News) - Shares in Standard Chartered on Friday soared after the Asia-focused bank unveiled a new $1bn buyback, increased dividend and higher annual profits, but reined in guidance on income for the current year.
Friday preview: German GDP, StanChart in focus
(Sharecast News) - Investors' attention at the end of the week will be on the euro area's largest economy.
Windar Photonics launches wind turbine software platform
(Sharecast News) - Windar Photonics announced Windar Nexus, a wind energy sector software platform, on Thursday.
Ariana posts positive drilling results from Kizilcukur
(Sharecast News) - Minerals explorer and developer Ariana Resources reported positive outcomes from its fourth quarter drilling initiative at the Kizilcukur Project in the Kiziltepe Sector on Thursday.
Plant Health Care fungicide gets Mexico registration
(Sharecast News) - Crop peptide developer Plant Health Care announced the registration of its novel fungicide 'SAORI' in Mexico on Wednesday, for commercial launch.
Diageo exploring sale of three non-core brands including Pimm's - report
(Sharecast News) - Drinks giant Diageo is reportedly exploring the sale of a trio of non-core brands including Pimm's.
1Spatial shares jump on UK Power Networks deal
(Sharecast News) - Location data technology specialist 1Spatial announced the signing of a 12-month contract with UK Power Networks for its traffic management plan automation (TMPA) solution under the 1Streetworks brand on Thursday.
RWS trading in line after resilient year
(Sharecast News) - Language, content and intellectual property technology specialist RWS Holdings said in an update on Thursday that during the 2023 financial year, it made significant strides in executing its medium-term strategy, evidenced by client acquisitions, technological advancements, and growth initiatives.
Tracsis progresses shift to SaaS model in first half
(Sharecast News) - Transport technology provider Tracsis said in a trading update on Thursday that it continued its progress in executing its strategic plans for growth in its first half, as it transitioned to a broader software-as-a-service (SaaS) operating model.
ShoreCap upgrades Mitchells & Butlers to 'buy'
(Sharecast News) - Shore Capital upgraded Mitchells & Butlers on Thursday to 'buy' from 'hold' as it said robust trading year-to-date points to strong trading in FY24.
Sylvania Platinum confident despite revenue slide
(Sharecast News) - South Africa-focussed platinum group metals (PGM) producer Sylvania Platinum announced first-half net revenue of $40.8m on Thursday, a decrease from $79.9m in the first half of the 2023 financial year, which it attributed to a drop in basket price in dollar terms.
Ovo appoints former Sainsbury's CEO Justin King as chair
(Sharecast News) - Energy supplier Ovo said on Thursday that it has appointed Justin King - the former chief executive of Sainsbury's - as its chairman.
Deutsche Numis lowers target price on Hargreaves Lansdown
(Sharecast News) - Analysts at Deutsche Numis lowered their target price on financial services giant Hargreaves Lansdown from 1,043.0p to 996.0p on Thursday despite the firm's interim results coming in "a little ahead".
AI boom sees earnings rocket at Nvidia
(Sharecast News) - Shares in Nvidia sparked on Thursday, after the US chipmaker saw sales surge on booming demand for artificial intelligence.
Moderna posts surprise profit, shares spark
(Sharecast News) - Moderna posted a surprise quarterly profit on Thursday, despite sales of its Covid vaccine continuing to slide.
Marlowe sells software and service assets in £430m deal
(Sharecast News) - Business service and regulatory software company Marlowe announced a deal to divest specific governance, risk and compliance (GRC) software and service assets on Thursday.
Nestlé shares fall as food giant warns of sales slowdown
(Sharecast News) - Shares in Nestlé dropped on Thursday after the food and drink giant said that organic growth would slow this year
Galliford Try strikes three new contracts totalling £98m
(Sharecast News) - Construction company Galliford Try said on Thursday that it has inked three new infrastructure contracts totalling £98.0m.
Annual profits beat forecasts at Jupiter, shares spark
(Sharecast News) - Shares in Jupiter Fund Management jumped on Thursday, after full-year profits came in comfortably ahead of expectations.
Berenberg upgrades Moneysupermarket, cites attractive entry point
(Sharecast News) - Berenberg upgraded Moneysupermarket on Thursday to 'buy' from 'hold' and lifted the price target to 295p from 290p, citing an attractive entry point.
Safestore quarterly revenues fall, names new CFO
(Sharecast News) - Self-storage group Safestore said on Thursday that quarterly revenues had fallen amid "challenging economic conditions".
Hargreaves Lansdown net new business slides in first half
(Sharecast News) - Hargreaves Lansdown reported a 6% rise in assets under administration in its half-year results on Thursday, reaching a record high of £142.2bn by 31 December, compared to £127.1b a year earlier.
Government to introduce £2 limit for digital slots - report
(Sharecast News) - The government is poised to announce strict maximum stake limits for online slot machines, it was reported on Thursday, in a blow to the gaming industry.
Genus holds gloomy guidance as tough conditions persist
(Sharecast News) - There were few surprises in Genus's interim results on Thursday after a detailed trading update from the animal genetics company just last week, as it reported a 31% drop in adjusted profits as expected.
Indivior planning to move primary listing to US, shares surge
(Sharecast News) - Indivior surged on Thursday after the opioid addiction treatment maker said it was planning to move its primary listing to the US.
Morgan Sindall hails record FY results despite 'market headwinds'
(Sharecast News) - Construction group Morgan Sindall hailed "record" full-year results on Thursday despite market headwinds.
Hays shares fall on slump in fee income, weak jobs market
(Sharecast News) - Shares in Hays fell on Thursday as the embattled global recruitment firm as it reported weaker fee income on the back of an uncertain jobs market.
Beazley rallies on $300m return programme, guidance upgrade
(Sharecast News) - Insurance firm Beazley updated guidance on its undiscounted combined ratio on Thursday and announced an additional capital return programme.
Hikma lifts dividend after double-digit growth in 2023
(Sharecast News) - Hikma Pharmaceuticals impressed the market with its annual results on Thursday as it bumped up its dividend by almost a third following double-digit growth in core revenues and profits in 2023.
WPP flags flat revenue growth amid some market struggles
(Sharecast News) - Advertising giant WPP reported a resilient year in its preliminary results on Thursday, as revenue and like-for-like profits rose, although reported profits tumbled.
Mondi profits fall on weaker demand, prices
(Sharecast News) - Paper and packaging giant Mondi reported lower full-year profits on the back of weaker demand and lower prices, with the latter continuing into the first quarter of 2024.
Rolls-Royce full-year profits more than double
(Sharecast News) - Rolls-Royce reported a more than doubling of its full-year profits on Thursday, underpinned by its civil aerospace segment.
Anglo American slashes dividend as annual profits sink
(Sharecast News) - Mining group Anglo American has slashed its annual dividend by a half after seeing profits plunge in 2023 on the back of impairments and downturns in the platinum and diamond markets.
ME Group delivers 'year of record financial performance'
(Sharecast News) - Instant-service equipment business ME Group said on Thursday that it had delivered a "year of record financial performance", with both revenues and profits growing in the 12 months ended 31 October.
Coca-Cola HBC buys Irish vending-machine firm BDS
(Sharecast News) - Coca-Cola HBC, the Switzerland-based bottling partner of the Coca-Cola Company, has announced it is snapping up an Irish vending-machine business to "unlock profitable opportunities".
Lloyds FY profit soars, puts aside £450m for motor finance probe
(Sharecast News) - Lloyds Bank on Thursday reported a 57% jump in full-year profits and announced another £2bn share buyback, but also set aside £450m for the regulatory probe into UK motor financing.
Bytes Technology CEO makes sudden exit after undisclosed share trades
(Sharecast News) - Bytes Technology said on Wednesday that chief executive Neil Murphy has resigned with immediate effect, having made undisclosed trades in shares of the software, security, AI and cloud services firm.
Dewhurst to acquire remaining 25pc of P&R Liftcars
(Sharecast News) - Lift, transport and keypad components specialist Dewhurst Group announced its intention to acquire the remaining 25% stake in P&R Liftcars on Wednesday.
TomCo raises £0.3m to bolster Greenfield's finances
(Sharecast News) - US-based oil developer TomCo Energy announced a fundraise of £0.3m on Wednesday, in a bid to bolster the finances of its Greenfield Energy subsidiary.
Reddit to offer IPO shares to biggest users - report
(Sharecast News) - Social media firm Reddit is reportedly planning to offer shares in its initial public offering to 75,000 of its biggest users when it hits the market next month.
Gooch & Housego warns of ongoing sector challenges
(Sharecast News) - Shares in photonic components and systems developer Gooch & Housego were sliding on Wednesday, as it reported ongoing challenges in the industrial and medical laser sectors despite growth in orders.
Feedback inks fresh deal with Medical Imaging Partnership
(Sharecast News) - Feedback announced a significant development in its clinical infrastructure offerings on Wednesday, with radiology specialist Medical Imaging Partnership (MIP) agreeing to pilot Bleepa-CareLocker.
Corero enters strategic Latin America partnership
(Sharecast News) - Corero Network Security announced a significant strategic partnership on Wednesday with TechEnabler, a prominent Brazilian network solutions distributor, aimed at bolstering its presence in the Latin American market.
Arbuthnot ends year in line with market expectations
(Sharecast News) - Arbuthnot Banking Group released a pre-close trading update on Wednesday, ahead of its final results for the year ended 31 December.
Clean Power Hydrogen completes key testing milestone
(Sharecast News) - Green hydrogen technology developer Clean Power Hydrogen announced the successful completion of a key milestone in its collaboration with Northern Ireland Water on Wednesday.
Zinnwald Lithium announces big upgrade to mineral resource
(Sharecast News) - Zinnwald Lithium released an updated mineral resource estimate (MRE) for its Zinnwald lithium project in Saxony, eastern Germany, on Wednesday, showcasing significant growth and potential for optimised project economics.
Cambridge Cognition inks strategic partnership with ActiGraph
(Sharecast News) - Brain health specialist Cambridge Cognition announced a strategic partnership with ActiGraph, a provider of wearable technologies tailored for clinical trials, on Wednesday.
Angling Direct FY revenues grow
(Sharecast News) - Fishing tackle and equipment retailer Angling Direct said on Wednesday that its overall trading performance for the year ended 31 January was expected to be in line with market expectations.
Croma Security posts solid set of interim numbers
(Sharecast News) - Croma Security Solutions reported a solid set of interim results on Wednesday, with revenue rising 13% to £4.26m.
Centrica shares are cheap after recent weakness, says JPMorgan
(Sharecast News) - JPMorgan has maintained an 'overweight' position on energy and services company Centrica, saying the stock's current valuation is "undemanding" given recent weakness.
Aldi to create more than 5,000 new jobs
(Sharecast News) - Aldi is to create more than 5,000 jobs in the UK this year, the German discounter announced on Wednesday.
H&T Group acquires pledge book from Maxcroft Securities
(Sharecast News) - British pawnbroker H&T Group said on Wednesday that it had acquired certain assets from Essex-based business Maxcroft Securities for a total of £11.3m in cash.
Saint-Gobain in talks to snap up CSR
(Sharecast News) - Saint-Gobain is in advanced talks to acquire Australian rival CSR, the construction materials group confirmed on Wednesday.
Software Circle acquires ARC Technology
(Sharecast News) - Software investor Software Circle revealed on Wednesday that it had acquired ARC Technology, a provider of software solutions for the management of practice-based learning to higher education institutions across both the UK and Ireland.
Iconic BT Tower to be turned into hotel in £275m deal
(Sharecast News) - BT Group said on Wednesday that it has agreed to sell the BT Tower to MCR Hotels for £275m.
Keystone Law FY revenues seen 'slightly ahead' of market expectations
(Sharecast News) - Challenger law firm Keystone Law Group said on Wednesday that it had continued to trade well through the second half of the trading year, resulting in a "strong performance" for the year as a whole.
Berenberg raises target price on Barclays
(Sharecast News) - Analysts at Berenberg raised their target price on banking giant Barclays from 240.0p to 270.0p on Wednesday, stating the stock's current level of returns remains "chronically undervalued".
Thursday preview: Global PMIs, Lloyds in focus
(Sharecast News) - All eyes on Thursday will be on a raft of purchasing managers' surveys due out in the euro area, UK and US covering the month of January.
Heathrow sees first profit in four years, but warns of pricing challenges
(Sharecast News) - Heathrow has posted its first adjusted profit in four years after recording its third highest annual passenger numbers in history, but said the Civil Aviation Authority's (CAA) price controls will make it hard to stay remain profitable going forward.
Jefferies upgrades Genel to 'buy', lifts price target
(Sharecast News) - Jefferies upgraded Genel to 'buy' from 'hold' on Wednesday and lifted the price target to 100p from 85p.
Senior wins two separate Airbus contracts
(Sharecast News) - Technology components manufacturer Senior has been awarded two separate contracts to supply a number of complex components to Airbus SAS and Airbus Atlantic.
Bulmers owner C&C to launch €15m share buyback
(Sharecast News) - Bulmers and Magners owner C&C Group said on Wednesday that it will launch a buyback programme of up to €15m on 1 March.
Hochschild pours first gold at Brazil mine
(Sharecast News) - Hochschild Mining said the first gold had been poured at its Mara Rosa Mine in Brazil.
Glencore shares drop as profits sink 50%
(Sharecast News) - Shares in Glencore dropped sharply on Wednesday after the mining and commodities trader reported a halving of annual profits for 2023.
Tate & Lyle revenues dip amid softer demand
(Sharecast News) - Tate & Lyle cut its full-year revenue outlook on Wednesday as it said posted a drop in third-quarter revenue due to softer demand.
BAE beats forecasts, sees 10% sales rise amid global tensions
(Sharecast News) - BAE Systems reported better-than-expected full-year profits and said sales would grow further this year as the rise in geopolitical tensions drove increases in military spending by governments.
GSK's ViiV sees success in latest HIV treatment trial
(Sharecast News) - GSK's specialist HIV unit ViiV Healthcare, which it owns in partnership with Pfizer and Shionogi, unveiled promising findings from the 'LATITUDE' phase three trial of its long-acting injectable HIV treatment Cabenuva on Wednesday.
Conduit Re confident after strong year
(Sharecast News) - Conduit Holdings reported a comprehensive income of $190.8m in its preliminary results on Wednesday, reflecting a solid return on equity (RoE) of 22% for 2023.
Falling prices dent full-year earnings at Rio Tinto
(Sharecast News) - Mining giant Rio Tinto said that commodity price movements led to a $1.5bn hit to underlying profits in 2023, though results were partly offset by a stronger US dollar and lower energy prices.
HSBC shares fall as earnings miss forecasts on China exposure
(Sharecast News) - Shares in HSBC fell on Wednesday as a record annual profits missed forecasts after it was forced to take a $3bn hit from its exposure to a Chinese bank.
Body Shop to shutter roughly half of UK locations
(Sharecast News) - Cosmetics company The Body Shop will shutter roughly half of its UK storefronts and lower staffing numbers at its London head office by approximately 40%, leading to hundreds of job losses in the process.
AJ Bell founder tapped for Applied Nutrition chairman role
(Sharecast News) - AJ Bell founder Andy Bell has been appointed chairman of Applied Nutrition, a rapidly growing sports nutrition, health, and wellness brand based in Liverpool, it was reported on Tuesday.
Canaccord Genuity slightly raises target price on Arrow Exploration
(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on exploration and production business Arrow Exploration from 40.0p to 44.0p on Tuesday following "a very encouraging start" to the group's extensive 2024 drilling programme.
Anglo Asian unveils maiden Xarxar resource estimate
(Sharecast News) - Anglo Asian Mining announced a significant milestone on Tuesday, with the completion of its maiden JORC 2012 mineral resource estimate for the Xarxar copper deposit in Azerbaijan.
Arrow reports progress on Colombia's Tapir block
(Sharecast News) - Colombia-focussed hydrocarbon developer Arrow Exploration updated the market on activities in the Tapir Block on Tuesday, situated in the Llanos Basin, where it holds a 50% beneficial working interest.
Anglesey Mining upbeat on latest drilling at Parys Mountain
(Sharecast News) - Anglesey Mining updated the market on the progress of its Northern Copper Zone (NCZ) mineral resource delineation drilling programme at the Parys Mountain copper-zinc-lead-silver-gold VMS project on Tuesday, located on the Isle of Anglesey in north west Wales.
Engage XR announces two big contract wins
(Sharecast News) - Engage XR announced major new contract wins on Tuesday, including its largest contract to date.
Lok'nStore reports positive first-half progress
(Sharecast News) - Self-storage operator Lok'nStore reported a continued positive trajectory in its operations in a first-half trading update on Tuesday.
Walmart to buy smart TV maker Vizio in $2.3bn deal
(Sharecast News) - Walmart said on Tuesday that it has agreed to buy Vizio in a $2.3bn deal.
Ferrexpo cancels interim dividend
(Sharecast News) - Iron ore pellet producer Ferrexpo said on Tuesday that it was cancelling its interim dividend just days before it was due to be paid out, following a claim against its Ukrainian subsidiary.
Wednesday preview: Fed meeting minutes, HSBC in the spotlight
(Sharecast News) - Investors' focus in the middle of the week will be on the release of the minutes of the Federal Reserve's most recent policy meeting, in January.
Kistos to buy EDF UK gas storage assets for £25m
(Sharecast News) - Kistos has finalised a sale and purchase agreement to acquire EDF Energy Gas Storage, it announced on Tuesday, including two gas storage facilities onshore in the UK, namely Hill Top Farm and Hole House Farm.
Berenberg lowers target price on XP Power
(Sharecast News) - Analysts at Berenberg lowered their target price on power supply solutions group XP Power from 1,700.0p to 1,400.0p on Tuesday but said its thesis on the stock was unchanged.
Pod Point trades in line with FY expectations
(Sharecast News) - Electric vehicle charging solutions provider Pod Point said on Tuesday that its 2023 trading performance had been in line with expectations, while its net cash balance was ahead.
Petra Diamonds trims production guidance after earnings slide
(Sharecast News) - Shares in Petra Diamonds were sliding on Tuesday morning, after the company reported a decline in first-half revenue and earnings and lowered its production outlook for the full year.
EZ construction output rises 0.8% in December
(Sharecast News) - Construction output in the eurozone rose 0.8% in December from the prior month, according to official data released on Tuesday.
Mobico delays FY results, shares slide
(Sharecast News) - Mobico shares slumped on Tuesday after the National Express owner said results would be delayed due to an accounting review of its German rail business.
IHG revenue jumps as it swings to operating profit
(Sharecast News) - InterContinental Hotels Group reported strong trading in its final results on Tuesday, with global revenue per available room (RevPAR) increasing 16.1% year-on-year for 2023, with a notable 7.6% increase in the fourth quarter alone.
GCP Infra signs new revolving credit facility
(Sharecast News) - GCP Infra has agreed a new revolving credit facility and cut its total commitment by £40m to £150m.
Superdry's Dunkerton in talks with US investor about bid - report
(Sharecast News) - Prominent US investor Davidson Kempner is reportedly among the parties being courted by Superdry's founder as he assembles an offer to take the struggling fashion chain private.
Antofagasta FY revenues grow as copper prices stabilise
(Sharecast News) - Copper miner Antofagasta said on Tuesday that full-year revenues had grown on the back of a more stable price for the metal throughout 2023.
PBoC trims five-year loan prime rate more than expected
(Sharecast News) - Rate-setters in China took decisive steps to bolster its property market on Tuesday, by implementing the first cut in its benchmark five-year loan prime rate since June.
Plus500 planning $175m shareholder returns as FY results beat expectations
(Sharecast News) - Plus500 reported a fall in full-year earnings and revenue on Tuesday, but results were "significantly ahead" of market expectations and the online trading platform announced plans for $175m in shareholder returns.
Jefferies upgrades Domino's Pizza to 'buy'
(Sharecast News) - Jefferies upgraded Domino's Pizza Group on Tuesday to 'buy' from 'hold' and lifted the price target to 430p from 410p.
CMA launches market study into supply of infant formula
(Sharecast News) - Watchdog the Competition and Markets Authority has launched a market study into the supply of infant formula in the UK, after first looking into the market back in November 2023.
BHP in massive nickel write-down after prices collapse
(Sharecast News) - Annual profits at Australian mining giant BHP slumped after it took a massive hit on its nickel operations and the financial after-effects of the 2015 Samarco dam disaster in Brazil continued to dog the company.
Barclays unveils massive overhaul as profits fall 6%
(Sharecast News) - Barclays Bank unveiled a swathe of changes on Tuesday, including a structural overhaul of operations, £2bn in cost cuts and a massive increase in shareholder payouts as annual earnings fell by 6%.
Tuesday preview: China rate decision, Barclays in focus
(Sharecast News) - Investors' focus on Tuesday will be on the People's Bank of China's interest rate decision overnight.
EU to probe TikTok over potential online breaches
(Sharecast News) - The European Union is investigating whether social media platform TikTok has breached online content rules around child safety and whether it encourages addictive behaviour.
Phoenix Copper agrees equipment purchase, loan refinancing
(Sharecast News) - Phoenix Copper updated the market on the acquisition of equipment for its Empire open-pit mine in Idaho on Monday, along with the refinancing of its short-term loan facility.
Oracle Power launches environmental assessment for Pakistan project
(Sharecast News) - Oracle Power and its joint venture company Oracle Energy announced the start of an environmental and social impact assessment (ESIA) for their renewable power plant project in Jhimpir, Sindh Province, Pakistan on Monday.
LSEG owner said to be plotting multimillion pound pay rise for CEO
(Sharecast News) - The owner of the London Stock Exchange Group is reportedly plotting a multimillion pound pay rise for its chief executive.
Restructure could see Esken lose control of Southend Airport
(Sharecast News) - The company formerly known as Stobart Group could give up control of London's least-busy commercial airport, it emerged on Monday, as part of a possible restructuring with creditors.
Citi stays at 'buy' on Centrica
(Sharecast News) - Analysts at Citi reiterated their 'buy' rating on energy and services company Centrica on Monday following the publication of the group's full-year results.
Atome raises £1.8m to expedite Villetta Project
(Sharecast News) - Green fertiliser specialist Atome has raised £1.8m before expenses, it announced on Monday, to expedite its Villetta Project in Paraguay.
CAP-XX chooses not to pursue Maxwell case appeal
(Sharecast News) - Supercapacitor design and energy management specialist CAP-XX updated the market on Monday, following the Delaware District Court's ruling on 29 January favouring Maxwell Technologies in a patent infringement lawsuit initiated by CAP-XX.
Kefi Gold announces significant discovery in Saudi Arabia
(Sharecast News) - Kefi Gold and Copper unveiled a significant discovery in Saudi Arabia's Hawiah district on Monday, marking the third copper-gold-zinc-silver deposit found in the area by its joint venture Gold & Minerals (GMCO).
Trident Royalties agrees new $40m revolving credit facility
(Sharecast News) - Trident Royalties announced an agreement with BMO Capital Markets and CIBC on Monday, for a newly-structured $40m revolving credit facility (RCF), with the option to increase its size to $60m through an accordion.
Genedrive set to apply for NICE EVA funding
(Sharecast News) - Genedrive shares rose on Monday, on the launch of the NICE early value assessment (EVA) evidence generation funding call, backed by the National Institute for Health and Care Research (NIHR).
Petards subsidiary receives order from UK police force
(Sharecast News) - Security and surveillance systems developer Petards Group has received an order from one of the UK's largest police forces.
Berenberg hikes Flutter target price, reiterates 'buy'
(Sharecast News) - Berenberg lifted its price target on Flutter Entertainment to 18,600p from 17,000p on Monday and reiterated its 'buy' recommendation, as it highlighted strong growth and balance sheet flexibility.
Springfield Properties to dispose of 11.2 acres
(Sharecast News) - Scottish housebuilder Springfield Properties has agreed to dispose of approximately 11.2 acres of land.
Physiomics secures contract with University of Sheffield
(Sharecast News) - Data science firm Physiomics has been chosen by the University of Sheffield to support a grant-funded project focused on an insect model of cancer treatment.
Polymetal to sell Russian business for $3.7bn
(Sharecast News) - Polymetal International said on Monday that it has agreed to sell its Russian business to Russian precious metals miner Mangazeya Mining for around $3.69bn.
SpaceandPeople FY revenues seen 'slightly above' expectations
(Sharecast News) - Promotional and brand experience specialist SpaceandPeople revealed on Monday that it had put on a "strong" second-half performance, putting total full-year revenues "slightly above" market expectations.
AstraZeneca's Tagrisso gains FDA approval
(Sharecast News) - Drugmaker AstraZeneca traded higher early on Monday after revealing that a combination of its cancer drug Tagrisso with chemotherapy had gained US approval to treat a particular type of lung cancer.
Insurance arm stands out as Moneysupermarket posts record revenues
(Sharecast News) - Moneysupermarket hailed record full-year revenues on Monday following a strong performance from its insurance business.
Hipgnosis Sogns Fund launches legal claim over indemnity
(Sharecast News) - Hipgnosis Songs Fund updated the market on its pursuit of an indemnity from its founder Merck Mercuriadis on Monday, as well as Hipgnosis Songs Management Limited, the investment adviser majority-owned by funds linked to Blackstone.
Bank of Georgia to buy Armenia's Ameriabank for $303.6m
(Sharecast News) - Bank of Georgia said on Monday that it has agreed to buy Armenia's Ameriabank for around $303.6m.
Anglo American Plats says 4,300 jobs at risk as metal prices fall
(Sharecast News) - Anglo American Platinum said it was starting a restructuring that could affect more than 4,300 jobs due to lower prices, higher costs amid a global economic slowdown.
Unite Group inks development deal with Newcastle University
(Sharecast News) - Student accommodation specialist Unite Group announced a joint venture with Newcastle University on Monday, for the development of 2,000 new student beds.
Currys shares surge as Elliott, JD.com circle UK retailer
(Sharecast News) - Shares in Currys surged more than 35% on Monday after US private equity firm Elliott Advisors and China ecommerce giant JD.com on Monday confirmed they were considering separate bids for struggling British electrical retailer.
Audioboom reports jump in audience reach
(Sharecast News) - Podcast producer and distributor Audioboom announced a significant milestone in its audience reach on Friday, achieving record-breaking figures in January, propelled by the continued expansion of its podcast network.
Mosman reports uptick in production at Stanley project
(Sharecast News) - Hydrocarbon, helium and hydrogen explorer, developer and producer Mosman Oil and Gas announced a substantial uptick in production at its Stanley project in the United States on Friday.
General Atlantic and Stone Point to buy HireRight in $1.65bn deal
(Sharecast News) - HireRight said on Friday that it has agreed to be bought by General Atlantic and Stone Point Capital after the private equity firms raised their offer for the employee screening company to $1.65bn.
Kingswood agrees new £8m unsecured debt facility
(Sharecast News) - Wealth and investment manager Kingswood Holdings announced the acquisition of a new £8.0m unsecured debt facility from funds managed by Pollen Street Capital on Friday.
Anexo upbeat on Supreme Court contractual liability decision
(Sharecast News) - Integrated credit hire and legal services provider Anexo announced a significant victory in the Supreme Court on Friday, marking a pivotal moment in the recovery of contractual liabilities within the realm of non-fault traffic accidents.
Caspian Sunrise reports progress at BNG contract area
(Sharecast News) - Caspian Sunrise updated the market on operations at the BNG contract area on Friday, reporting that well 142, a key asset on the MJF structure, had resumed production after more than 12 months.
Baron Oil raises £3.26m through placing, subscription and retail offer
(Sharecast News) - Baron Oil announced on Friday that it had raised a total of £3.26m through a fundraise.
Anglo Asian gives up board seat on Libero board
(Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining announced the resignation of non-executive director Michael Sununu from the board of Libero Copper & Gold on Friday.
Golden Metal Resources upbeat on latest findings in Nevada
(Sharecast News) - Nevada-focussed mineral explorer Golden Metal Resources updated the market on its Kibby North and Kibby South lithium brine properties on Friday.
Conygar makes planning bid for Nottingham student accommodation
(Sharecast News) - Real estate firm the Conygar Investment Company reported a step forward in the development of The Island Quarter in Nottingham on Friday.
Kingspan FY profits rise even as revenue dips
(Sharecast News) - Irish building materials group Kingspan posted a jump in profit on Friday even as revenues dipped.
Sylvania Platinum releases updated resource estimates for Volspruit
(Sharecast News) - Sylvania Platinum released updated mineral resource estimates for its Volspruit Project in South Africa on Friday, situated on the Northern Limb of the Bushveld Complex.
EDF returns to profit on higher electricity prices
(Sharecast News) - French nuclear operator EDF said on Friday it had swung back into the black, boosted by higher electricity prices.
Barclays starts coverage of Dowlais at 'overweight'
(Sharecast News) - Barclays initiated coverage of Dowlais on Friday with an 'overweight' rating and 110p price target.
Petra Diamonds sales rise slightly in fourth tender cycle of FY24
(Sharecast News) - Mining company Petra Diamonds said on Friday that sales had slightly grown in 2024's fourth tender cycle, principally driven by higher prices throughout the period.
Plexus wins North Sea plug and abandonment contract
(Sharecast News) - Oil and gas engineering services business Plexus has won a contract valued in excess of £1.0m to provide specialised equipment and services for multiple plug and abandonment activities in the North Sea.
Berenberg slashes Close Brothers price target amid 'regulatory rollercoaster'
(Sharecast News) - Berenberg slashed its price target on Close Brothers on Friday to 425p from 1,100p as it cut estimates after the merchant bank announced it was scrapping its dividend amid a regulator probe into car financing.
Nike to axe over 1,600 jobs as it trims its expenses
(Sharecast News) - Sportswear giant Nike announced plans to reduce its workforce by about 2% overnight, equating to more than 1,600 jobs, as part of a cost-cutting initiative following a year of weaker profits.
XP Power revenues seen 'significantly below' FY expectations
(Sharecast News) - Power control solutions manufacturer XP Power warned on Friday that full-year revenues would be "significantly below market expectations", sending shares sharply lower in early trading.
TBC Bank recommends dividend after year of growth
(Sharecast News) - TBC Bank Group reported significant increases in net interest income, of 26.8%, and net fee and commission income, of 27.8%, in its full-year results on Friday, leading to total operating income of GEL 2.37bn (£0.71bn), up 14.6%.
Pre-tax losses narrow at Segro as rents rise
(Sharecast News) - Property firm Segro struck an upbeat tone on Friday, after pre-tax losses narrowed and rental income improved.
NatWest profits soar 20% as Thwaites confirmed in CEO post
(Sharecast News) - Scandal-hit NatWest Bank reported a better-than-expected 20% rise in pre-tax profit and confirmed Paul Thwaite as chief executive on a permanent basis.
Biome Technologies secures £490,000 contract
(Sharecast News) - Biome Technologies said on Thursday that its RF Technologies division has secured a contract with a revenue value of £490,000 to supply a second novel induction furnace system ('The System') to a global manufacturer of scientific glass products.
Tekcapital investee Guident inks partnership with AuVe Tech
(Sharecast News) - Tekcapital announced on Thursday that its autonomous vehicle technology investee Guident had inked a strategic partnership with AuVe Tech, an Estonian company specialising in autonomous transportation systems.
Gattaca flags fall in first-half net fee income
(Sharecast News) - Specialist staffing company Gattaca said in a trading update on Thursday that it expected net fee income to have fallen to £18.9m in the first half, making for a 16% year-on-year decrease from £22.5m.
Landore upbeat on outcome of Junior Lake soil sampling
(Sharecast News) - Landore Resources announced the outcomes of its 2023 soil sampling initiative on Thursday, carried out adjacent to its flagship BAM Gold Project on the Junior Lake Property in Ontario, Canada.
Quadrise inks project development deal with new and existing partners
(Sharecast News) - Quadrise announced the signing of a project development agreement (PDA) with renewable biofuels specialist BTG Bioliquids and Euthenia Energy Group on Thursday.
Ariana Resources reports progress at Zimbabwe's Dokwe project
(Sharecast News) - Mineral explorer and developer Ariana Resources updated the market on the ongoing due diligence programme concerning the Dokwe Gold Project in Zimbabwe on Thursday, owned by Rockover Holdings.
Christie Group set to announce stronger second-half performance
(Sharecast News) - Christie Group said in an update on Thursday that it was poised to announce a stronger trading performance in the second half of 2023 compared to the first half.
Friday preview: US producer prices, UK retail sales in focus
(Sharecast News) - Investors' focus at the end of the week will shift back towards the inflation picture in the U.S..
Sareum reports positive progress in psoriasis programme
(Sharecast News) - Sareum announced significant milestones in its phase 1a clinical trial for SDC-1801, its lead programme aimed at addressing autoimmune diseases such as psoriasis, on Thursday.
N4 Pharma shares jump on latest Nuvec developments
(Sharecast News) - N4 Pharma announced a significant advancement in the development of Nuvec, an innovative delivery system tailored for cancer treatments, gene therapy, and vaccines, on Thursday.
Checkit ends financial year in line with expectations
(Sharecast News) - Mobile worker software specialist Checkit reported a 16% increase in annual recurring revenue in a trading update on Thursday, to £13.3m for the financial year just ended, meeting expectations.
Bank of Georgia in talks over potential acquisition of Ameriabank
(Sharecast News) - Bank of Georgia confirmed on Thursday that it is in advanced talks with Ameriabank about a potential acquisition of the Armenian bank.
Berenberg hikes target price on GSK
(Sharecast News) - Analysts at Berenberg hiked their target price on drugmaker GSK from £16.50 to £18.20 on Thursday, stating the group was moving closer to offsetting losses associated with the expiry of its patent on HIV drug dolutegravir.
Swisscom sole bidder for Vodafone's Italian assets - report
(Sharecast News) - Swisscom has become the sole party still in discussions with Vodafone Group about its Italian assets, it was reported on Thursday.
Enquest delivers 'another good year' of operational performance
(Sharecast News) - Exploration and production company Enquest said on Thursday that it had delivered "another good year of operational performance" in 2023, with production averaging 43,812 barrels of oil equivalent per day, in line with the mid-point of guidance.
JPMorgan sees scope for Auto Trader to underperform
(Sharecast News) - JPMorgan Cazenove struck a cautious note on the outlook for Auto Trader on Thursday as it took a look at the UK automotive retail sector.
Airbus proposes special dividend, reports strong FY earnings
(Sharecast News) - Aerospace corporation Airbus declared a special dividend on Thursday as it detailed a strong set of full-year results, with order intake and adjusted underlying earnings both increasing in the twelve months ended 31 December.
Interim profits slide at MJ Gleeson
(Sharecast News) - MJ Gleeson posted a slide in half-year profits on Thursday, but flagged "encouraging" signs of improving demand for the rest of the year.
RBC Capital upgrades Transact owner IntegraFin to 'outperform'
(Sharecast News) - RBC Capital Markets upgraded Transact owner IntegraFin Holdings on Thursday to 'outperform' from 'sector perform' and lifted the price target to 330p from 280p.
BHP readies £5.3bn for exceptional items in H1
(Sharecast News) - Mining group BHP said on Thursday that it will be hit with two first-half exceptional items totalling £5.3bn.
Renault shares surge on dividend boost
(Sharecast News) - Shares in Renault made strong gains on Thursday after the French carmaker rewarded investors with a large dividend hike.
Genus tumbles after warning on full-year profits
(Sharecast News) - Genus shares tumbled on Thursday as the animal genetics company warned on full-year profits.
Sabre Insurance ends year in line after pricing action
(Sharecast News) - Motor insurance underwriter Sabre Insurance Group said in a trading update on Thursday that it was set to meet or exceed current market expectations for 2023, having taken swift pricing actions since 2022 to counteract persistent claims inflation.
AO World buys IP rights of mobile phone retailer A1 Comms for £2.2m
(Sharecast News) - AO World jumped on Thursday, having announced after the close of markets on Thursday that it had the bought intellectual property rights of mobile phone retailer A1 Comms from administration for £2.2m in cash.
Woodside Energy flags $1.5bn of one-off charges
(Sharecast News) - Woodside Energy Group flagged $1.5bn of exceptional charges on Thursday, the bulk of which relate to its Shenzi oil and gas field.
Jet2 'encouraged' by early bookings, slightly raises profit guidance
(Sharecast News) - Leisure travel group Jet2 said on Thursday that it was "encouraged" by early bookings for Summer 2024, leading it to "tighten and slightly raise" full-year profit guidance.
Ithaca Energy sees FY results, production in line with guidance
(Sharecast News) - Independent North Sea oil and gas explorer Ithaca Energy said full year earnings would be in line with guidance.
Barclays eyes SocGen's UK private bank - report
(Sharecast News) - Barclays is considering bidding for Societe Generale's UK private bank, it was reported on Thursday.
Citi upgrades Kingfisher to 'buy' from 'neutral'
(Sharecast News) - Citi upgraded B&Q and Castorama owner Kingfisher on Thursday to 'buy' from 'neutral' as it argued the UK housing recovery supports a re-rating.
Relx hikes dividend after robust full-year performance
(Sharecast News) - Business information and analytics firm Relx reported a robust full-year performance in its results on Thursday, with revenue rising an underlying 8% to £9.16bn.
Commerzbank posts strongest performance in 15 years
(Sharecast News) - German banking giant Commerzbank reported its strongest financial performance in 15 years on Thursday, buoyed by a significant increase in net profit driven by high interest rates.
Centrica posts fall in annual profit on lower energy prices
(Sharecast News) - British Gas owner Centrica posted a fall in annual profits on the back of "sharply lower" commodity prices.
Continental to cut 7,150 jobs amid global EV transition
(Sharecast News) - German automotive supplier Continental revealed plans to cut 7,150 jobs worldwide by 2025 on Wednesday.
Bradda Head unveils Basin Project survey results
(Sharecast News) - Bradda Head Lithium unveiled findings from a recent gravity survey conducted at its Basin clay project in Arizona on Wednesday.
Thursday preview: UK Q4 GDP, US data deluge
(Sharecast News) - Investors' attention on Thursday will be on the latest economic growth data.
Deutsche Bank upgrades Wizz Air, hikes price target
(Sharecast News) - Deutsche Bank upgraded Wizz Air to 'hold' from 'sell' on Wednesday and hiked the price target to 2,300p from 1,800p.
Uber announces $7bn buyback, shares surge
(Sharecast News) - Uber Technologies announced a share buyback of up to $7bn on Wednesday, sending shares in the ride-hailing app surging.
BAE Systems gets regulatory approvals for £4.4bn Ball Aerospace deal
(Sharecast News) - BAE Systems said on Wednesday that it has now received all regulatory approvals necessary for its £4.4bn acquisition of Ball Aerospace from Ball Corporation and that the deal should complete in the coming days.
Fusion Antibodies raises £1.38m as it seeks new customers
(Sharecast News) - Pre-clinical antibody specialist Fusion Antibodies announced a conditional fundraising of £1.38m before expenses on Wednesday, to help it target mo re industry conferences and customers and generate further supporting data.
Cordel inks more permanent contract for HS1 data
(Sharecast News) - Cordel Group announced on Tuesday that it had initiated data-as-a-service monitoring for Network Rail High Speed.
Europa Oil & Gas confirms extension to Cloughton licence
(Sharecast News) - Europa Oil & Gas announced a significant extension to its PEDL 343 licence on Wednesday, housing the Cloughton gas discovery in the East Midlands.
Atome inks crucial deal in plans for Costa Rica project
(Sharecast News) - Green fertiliser developer Atome reported significant advancements through its Central America subsidiary National Ammonia Corporation (NAC) on Wednesday, as it worked towards a pivotal green fertiliser initiative in Costa Rica.
Conroy Gold reports more positive assay results from Clay Lake
(Sharecast News) - Conroy Gold unveiled additional positive assay results from its ongoing drilling campaign at the Clay Lake gold target on Wednesday, within the Longford-Down Massif in Ireland.
Train drivers extend strike mandate for another six months
(Sharecast News) - Train drivers at five major railway companies, including Chiltern, c2c, East Midlands, Northern, and TransPennine railways, have extended their strike action for another six months, trade union Aslef announced on Wednesday.
Virgin Money to buy Abrdn's stake in joint investment business for £20m
(Sharecast News) - Virgin Money said on Wednesday that it has agreed to buy Abrdn's stake in their joint investment platform for £20m.
Agronomics reports fall in net assets in first half
(Sharecast News) - Agronomics reported a net asset value per share of 16.9p in its unaudited interim results on Wednesday, representing a slight decrease from the prior period.
Pan African posts jump in first-half earnings
(Sharecast News) - Pan African Resources reported a significant increase in net cash from operating activities in its interim results on Wednesday, soaring 134.5% to $27.2m year-on-year.
BP and Adnoc agree Egyptian joint venture
(Sharecast News) - BP has agreed a new joint venture in Egypt with long-standing partner Adnoc, it was confirmed on Wednesday.
Eurozone industrial output rises unexpectedly, employment holds steady
(Sharecast News) - Eurozone manufacturing rose unexpectedly in December, according to fresh data released on Wednesday, suggesting a revitalisation of industrial output alongside stable employment growth.
RBC Capital starts discoverIE at 'sector perform'
(Sharecast News) - RBC Capital Markets initiated coverage of discoverIE on Wednesday with a 'sector perform' rating and 760 price target, as it said the growth outlook remains strong, but less differentiated.
Italian watchdog fines BAT and Amazon combined €7m
(Sharecast News) - British American Tobacco and Amazon have been fined a total of €7m by Italy's competition watchdog over "misleading" advertising.
Canaccord Genuity lowers target price on Synthomer
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on chemicals business Synthomer from 350.0p to 300.0p on Wednesday as it effectively pushed out its expectations for the group's recovery by 12 months.
Ethernity Networks names Ayala Deutsch as CFO
(Sharecast News) - Data processing semiconductor technology supplier Ethernity Networks has appointed Ayala Deutsch to the board as the company's new chief financial officer.
FRP Advisory trading in line with market expectations
(Sharecast News) - Business advisory firm FRP Advisory Group reported significant progress in the first nine months of the financial year in a trading update on Wednesday.
'Challenging' year hits beer sales at Heineken
(Sharecast News) - Dutch brewer Heineken struck a sober tone on Wednesday, after price rises during a "challenging" year hit volumes.
Bloomsbury FY revenues 'significantly ahead' of already upgraded expectations
(Sharecast News) - Publishing house Bloomsbury said on Wednesday that both revenue and profits had come in "significantly ahead" of upgraded expectations for the year ended 29 February.
Severn Trent confirms full-year outlook
(Sharecast News) - UK water and waste firm Severn Trent reiterated its full-year outlook on Wednesday.
United Utilities maintains guidance despite weather effects
(Sharecast News) - United Utilities reported no significant changes to its financial guidance for the 2024 financial year in an update on Wednesday, despite weather-related challenges.
Coca-Cola HBC posts record 2023 profits on strong sales
(Sharecast News) - Coca-Cola HBC on Wednesday posted record profits last year driven by surging sales and volumes for sparkling drinks and coffee combined with costs easing in the second half.
Vistry's Countryside Partnerships to deliver 5,000 new homes with Sigma
(Sharecast News) - Vistry said on Wednesday that Countryside Partnerships has entered into a new framework agreement with Sigma Capital Group to deliver 5,000 new homes for Sigma's build-to-rent brand (BTR), Simple Life Homes.
Dunelm rewards shareholders as H1 profits, sales rise
(Sharecast News) - UK furniture and homewares chain Dunelm lifted its dividend and declared a special payout after a rise in interim profits and sales amid volatile trading conditions.
Wednesday preview: UK CPI, Q4 euro area GDP in focus
(Sharecast News) - Inflation concerns will continue to be front and centre on investors' minds in the middle of the week.
Capricorn set to gain up to $50m from Sangomar
(Sharecast News) - Capricorn Energy said in an update on Tuesday that, in response to Woodside Energy's recent announcement, it was awaiting the arrival of the floating production, storage and offloading (FPSO) facility for the Sangomar Field development off the coast of Senegal.
Ultimate Products confident despite fall in first-half revenue
(Sharecast News) - Homeware company Ultimate Products said in an update on Tuesday that its unaudited revenues in the first half experienced a slight decline of 4% to £84m year-on-year.
Belluscura enters partnership with Sunset HealthCare
(Sharecast News) - Belluscura announced a partnership with Sunset HealthCare Solutions, a Chicago-based manufacturer and distributor of home medical equipment, on Tuesday.
Future Metals identifies multiple drill targets at Alice Downs
(Sharecast News) - Future Metals announced the identification of multiple drill targets on Tuesday, spanning an 18-kilometre stretch within the recently-acquired Alice Downs Corridor.
Dekel reports mixed month at Ayenouan palm oil project
(Sharecast News) - West Africa-focussed agriculture company Dekel Agri-Vision released its monthly production update for January on Tuesday, from its Ayenouan palm oil project in Côte d'Ivoire.
Kefi reports progress on Tulu Kapi Gold Project
(Sharecast News) - Gold and copper explorer and developer Kefi updated the market on the progress of its Tulu Kapi Gold Project in Ethiopia on Tuesday.
Coca-Cola Q4 revenues beat expectations
(Sharecast News) - Coca-Cola reported better-than-expected fourth-quarter revenue on Tuesday as it benefited from higher prices and volumes.
Cornerstone FS gets licence to operate in Canada
(Sharecast News) - Foreign exchange and payments specialist Cornerstone FS has received its official authorisation to operate in Canada, it announced on Tuesday.
Amaroq Minerals fundraising oversubscribed by almost 50pc
(Sharecast News) - Amaroq Minerals announced the conclusion of its proposed fundraising on Tuesday, which it said was met with overwhelming demand.
Body Shop collapses into administration
(Sharecast News) - The Body Shop's UK business collapsed into administration on Tuesday, putting as many as 2,000 jobs at risk.
UK financial watchdog starts probe into Home REIT
(Sharecast News) - Britain's financial watchdog has started a probe into troubled housing investor Home REIT, the company revealed on Tuesday.
Hasbro falls short of earnings expectations after revenue slide
(Sharecast News) - Shares in toy giant Hasbro were sliding in premarket trading on Tuesday, after it reported a significant decline in revenue and a mixed performance across its business segments.
Eqtec secures new strategic investor, shares spark
(Sharecast News) - Shares in Eqtec rallied on Tuesday, after the AIM-listed energy technology firm raised £500,000 through a new strategic investor.
Saietta shares plunge as it sells Sunderland production line
(Sharecast News) - Shares in electric vehicle drivetrain technology company Saietta more than halved on Tuesday, after it announced the sale of a production line in Sunderland following its failure to secure a commercial agreement.
Michelin shares surge on strong profits and €1bn buyback
(Sharecast News) - Shares in French tyre maker Michelin jumped more than 8% on Tuesday after beat profit forecasts with a record 2023 performance and announced a €1bn share buyback.
Mediazest secures 'substantial new business win'
(Sharecast News) - Audio-visual solutions group Mediazest has scored a "substantial new business win" with a "large" UK-based FTSE-listed client.
Citi ups recommendation on GSK to 'buy'
(Sharecast News) - Citi has upgraded its rating on vaccines and drugs blue chip GSK to 'buy' while also boosting its earnings estimates.
Jadestone Energy eyes reverse takeover deal
(Sharecast News) - Upstream company Jadestone Energy said on Tuesday that it was working on a reverse takeover deal that would see it acquire assets owned by Woodside Energy in Australia.
Union Jack Oil further expands footprint in Oklahoma
(Sharecast News) - US and UK-focused onshore oil explorer Union Jack Oil has signed two further farm-in agreements with Reach Oil & Gas for the Wilzetta Fault oilfields in central Oklahoma, which is thought to have substantial reserves.
Empyrean raises £700k through share placing
(Sharecast News) - Oil and gas development company Empyrean has raised £700,000 through a placing of 280.0m new ordinary shares at a price of 0.25p each.
Citi hails positive impact of banking disposal at Tesco
(Sharecast News) - Citi has renewed its rating on supermarket giant Tesco with a 'buy', hailing the positive impact of last week's £600m disposal of most of its retail banking business to Barclays.
Aston Martin in talks on debt pile, says Stroll
(Sharecast News) - UK luxury car maker Aston Martin Lagonda is in talks with bankers to address a looming debt pile, executive chairman Lawrence Stroll said on Tuesday, with the company's near-term liabilities amounting to around $1.4bn.
Parcel delivery firm Yodel rescued by consortium
(Sharecast News) - Parcel delivery group Yodel has been bought by YDLGP - a newly-formed company backed by a consortium of investors including boutique investment bank Solana Partners and the leadership team behind rival - for an undisclosed sum.
RBC Capital starts Breedon at 'outperform'
(Sharecast News) - RBC Capital Markets initiated coverage on construction materials group Breedon on Tuesday with an 'outperform' rating and 575p price target.
Life Science REIT inks big lease at Oxford Technology Park
(Sharecast News) - Life Science REIT announced the full occupancy of building five at Oxford Technology Park (OTP) on Tuesday, encompassing 57,000 square feet, by technology and engineering services provider WAE Technologies.
Silchester International takes 5% stake in ITV
(Sharecast News) - Silchester International Investors has taken a 5% stake in broadcaster ITV, according to a filing late on Monday.
TRIG buys Fig Power for £20m outlay
(Sharecast News) - The Renewables Infrastructure Group has bought Fig Power, an energy projects developer based in Bristol, for an outlay of £20m over the next two years.
Kistos expects first oil at Balder site by end of 2024
(Sharecast News) - Oil and gas group Kistos Holdings has said that its Joutun floating production storage and offloading (FPSO) on its Balder field in Norway is nearly complete and should be producing oil by the end of the year.
TUI delivers record Q1 and holds on to guidance
(Sharecast News) - Travel agency company TUI has registered a positive quarterly underlying profit for the first time after a record performance in the first quarter, as it reiterated its guidance for the full year.
Tuesday preview: US CPI; UK employment in focus
(Sharecast News) - Tuesday's focus in financial markets will be on the U.S., where the latest cost-of-living numbers were due to be published.
Poolbeg upbeat on research into potential drug market
(Sharecast News) - Biopharmaceutical company Poolbeg Pharma announced findings from independent research confirming a substantial market opportunity exceeding $10bn for its drug candidate POLB 001 on Monday, in preventing cancer immunotherapy-induced cytokine release syndrome (CRS) through oral delivery.
Tertiary Minerals completes £0.38m fundraising
(Sharecast News) - Tertiary Minerals announced the successful completion of a fundraising on Monday, raising £0.38m before expenses to be used for its exploration activities.
Baron Oil reports latest progress at SundaGas subsidiary
(Sharecast News) - Baron Oil updated the market on its operational activities at the TL-SO-19-16 production sharing contract (PSC) on Monday, offshore Timor-Leste.
Malvern International flags 79pc jump in full-year revenue
(Sharecast News) - Malvern International said in a trading update on Monday that preliminary unaudited figures suggested a substantial revenue surge in 2023, with revenues climbing 79% to £11.3m.
CyanConnode secures letter of award from JST Grouip
(Sharecast News) - Radiofrequency mesh network specialist CyanConnode announced on Monday that it had secured a significant letter of award from its partner, the JST Group (JST).
ValiRx inks deal with Dundee Drug Discovery Unit
(Sharecast News) - ValiRx announced the signing of a significant agreement with the University of Dundee and its Drug Discovery Unit (DDU) on Monday.
Block Energy launches farm-out process at Project III
(Sharecast News) - Block Energy announced the start of the farm-out process for Project III on Monday, targeting the development of a gas resource in Georgia.
TPXimpact ends third quarter in line with expectations
(Sharecast News) - TPXimpact reported a positive performance in the December quarter in a trading update on Monday, aligned with its financial targets for the current financial year.
Shawbrook owners reportedly mulling listing
(Sharecast News) - The private equity owners of Shawbrook are reportedly seeking to revive plans for a flotation of the specialist savings and lending bank.
Metals One releases promising diamond drilling results
(Sharecast News) - Metals One released promising laboratory results on Monday, from its recent diamond drilling campaign at the R1 Hook target within the Rauta 9-11 licence area at the Black Schist Project in Finland.
Amaroq kicks off fundraising of up to £30m
(Sharecast News) - Southern Greenland-focussed gold and energy miner Amaroq Minerals reaffirmed its plans to conduct a placing and subscription to raise £30m on Monday, to expedite its exploration and development activities.
ECR Minerals shares jump on promising drill results from Creswick sample
(Sharecast News) - ECR Minerals saw shares surged on Monday after the Australia-focused gold miner reported "promising" results from bulk sample testing at the Davey Road site of its Creswick asset
Diamondback Energy to buy Endeavor in $26bn deal
(Sharecast News) - US oil and gas company Diamondback Energy said on Monday that it has agreed to buy rival Endeavor Energy Resources in a $26bn deal.
Macquarie in discussions to acquire TalkTalk wholesale arm
(Sharecast News) - Australian bank Macquarie was said to be closing in on a deal to acquire the wholesale arm of British broadband provider TalkTalk.
Glencore to close unprofitable New Caledonian nickel mine
(Sharecast News) - Mining and commodities giant Glencore has announced that it is calling time on its Koniambo Nickel SAS (KNS) mine in New Caledonia after having invested more than $4bn into the project over the past decade without seeing a return.
Corcel confirms start of testing at Tobias-14 well
(Sharecast News) - Corcel updated the market on the testing of the Tobias-14 (TO-14) well in Block KON-11 on Monday, located onshore in Angola, where it holds a 20% working interest.
Journeo revenues surge in 2023
(Sharecast News) - Transport systems provider Journeo said on Monday that full-year results were expected to be in line with market expectations, with revenues surging year-on-year.
Anglo American signs MOU with Finnish Minerals Group
(Sharecast News) - Anglo American and Finnish Minerals Group have signed a memorandum of understanding to work together to explore opportunities to further support Finland's battery strategy.
Directa Plus narrows FY underlying losses
(Sharecast News) - Graphene nanoplatelets producer Directa Plus said on Monday that it had made "strong progress" in 2023, with new contracts across key geographies leading to a marked reduction in underlying losses.
Barclays sees "compelling" entry point at AstraZeneca after recent falls
(Sharecast News) - Barclays has kept an 'overweight' position on AstraZeneca despite the biopharma group's disappointing annual results last week, saying that the stock's recent underperformance provides an attractive entry point for investors.
RBC sees upside risk to Q4 results at Smith & Nephew
(Sharecast News) - RBC Capital Markets has reiterated its 'outperform' rating on Smith & Nephew ahead of the medical devices giant's fourth-quarter results later this month, saying it sees upside risk to current estimates.
Galliford Try secures spot on new £3.2bn affordable homes framework
(Sharecast News) - Construction group Galliford Try said on Monday that it secured a position on the new £3.2bn Communities & Housing Investment Consortium (CHIC) newbuild development framework for affordable homes.
Sirius buys two German business parks for €40m
(Sharecast News) - Sirius Real Estate said on Monday that it has notarised the acquisition of two business parks, one in Köln (Cologne) and the other in Göppingen, for around €40m (£34m).
Heathrow see strong traffic, but calls on gov't to abolish 'tourist tax'
(Sharecast News) - Heathrow has hailed a "smashing" start to the year with nearly six million passengers using the airport in January, but called on the government to reconsider its 2021 decision to abolish tax-free shopping for international visitors.
Frasers Group to start £80m share buyback
(Sharecast News) - Fraser's Group on Monday said it would start an £80m share buyback up to April 28.
GSK gets FDA fast track for chronic hepatitis B treatment
(Sharecast News) - GSK announced on Monday that bepirovirsen, an investigational antisense oligonucleotide (ASO) aimed at treating chronic hepatitis B (CHB), had been granted fast track designation by the US Food and Drug Administration (FDA).
JPMorgan reiterates 'underweight' on Ashmore, says re-rating has gone too far
(Sharecast News) - JPMorgan Cazenove nudged down its price target on Ashmore on Monday and reiterated its 'underweight' rating as it argued that the re-rating has gone too far.
Tritax Big Box makes £924m bid for UKCP
(Sharecast News) - Tritax Big Box said it had agreed terms on a possible bid for UK Commercial Property REIT in an all-share deal worth £924m.
SSP buys Australia's ARE for undisclosed sum
(Sharecast News) - Travel food outlet operator SSP Group on Monday said it had bought Airport Retail Enterprises in Australia for an undisclosed sum.
Entain jumps as US JV BetMGM signs exclusive partnership with X
(Sharecast News) - Entain shot higher on Friday afternoon after its US joint venture with MGM Resorts, BetMGM, struck a partnership with social media platform X to become its exclusive live odds sports betting partner.
Judge approves Woodford settlement scheme
(Sharecast News) - A potential line was drawn under the long-running Woodford funds scandal on Friday, after a high court judge approved a scheme to return money to investors.
Schroders Capital GIT joins Neurona Therapeutics funding round
(Sharecast News) - Schroders Capital Global Innovation Trust announced an investment of $1.6m (£1.3m) in Neurona Therapeutics, a prominent US-based clinical-stage cell therapy company, on Friday.
Symphony confident despite court ruling on oxo-degradable plastics
(Sharecast News) - Symphony Environmental Technologies updated the market on Friday on the judgement of the General Court of the European Union, delivered on 31 January, around an EU directive prohibiting oxo-degradable products that do not properly biodegrade.
Panthera shares rise as Moydow exercises Wuo Land 2 option
(Sharecast News) - West Africa and India-focussed gold explorer and developer Panthera Resources announced on Friday that Moydow Holdings has chosen to exercise its exclusive option to acquire the Wuo Land 2 exploration licence, a part of the Cascades Project in Burkina Faso.
Intelligent Ultrasound unveils portable 'NeedleTrainer Plus'
(Sharecast News) - Intelligent Ultrasound announced a new product on Friday, the portable 'NeedleTrainer Plus' ultrasound-guided needling training simulator, catering to the demands of military field-based hospitals and clinical networks in remote areas.
Owens Corning to buy Masonite in $3.9bn deal
(Sharecast News) - US building and construction materials company Owens Corning said on Friday that it has agreed to buy Masonite, a provider of interior and exterior doors and door systems, in a $3.9bn deal.
Belluscura bid for TMT Acquisition goes unconditional
(Sharecast News) - Belluscura announced on Friday that the all-share offer for the acquisition of TMT Acquisition had gone unconditional.
Premier African Minerals announces new Zulu resource estimate
(Sharecast News) - Premier African Minerals announced an update to its Zulu lithium and tantalum project on Friday, with the release of a new SAMREC-compliant mineral resource estimate, replacing the previous estimate issued in June 2017.
PepsiCo forecasts slower revenue growth
(Sharecast News) - Shares in PepsiCo came under pressure on Friday after fourth-quarter revenues missed expectations and the US food and beverage giant forecast slower annual growth.
Coloplast shares surge as Danish medtech group delivers strong Q1
(Sharecast News) - Danish medical device group Coloplast saw shares surge over 8% in Copenhagen on Friday after the company delivered high single-digit growth across all areas of the business in the first quarter.
Renalytix shares jump on draft US Medicare coverage decision
(Sharecast News) - Renalytix shares were rocketing on Friday morning, after it announced that the Centers for Medicare and Medicaid Services (CMS) in the US had published a draft local coverage determination (LCD) for its 'KidneyIntelX' and 'kidneyintelX.dkd' testing products, outlining the coverage and pricing for the tests.
Ubisoft shines as bookings beat forecasts
(Sharecast News) - Shares in Ubisoft Entertainment powered up on Friday after the French gaming firm reported above-forecast quarterly bookings.
Kore Potash gets draft EPC proposal for Kola Project
(Sharecast News) - Kore Potash announced a significant milestone in its potash development on Friday, with the recent delivery of an engineering, procurement and construction (EPC) proposal and draft contract by PowerChina International Group.
Bezant progresses towards mining licence at Hope and Gorob
(Sharecast News) - Bezant Resources updated the market on its Hope and Gorob copper-gold project on Friday, located within EPL 5796 in central Namibia.
Hermes sees sales and profits surge, shares jump
(Sharecast News) - Shares in Hermes International sparked on Friday after the French luxury goods firm posted strong sales growth and record profitability.
Bens Creek CEO to step down, secures new loan with major shareholder
(Sharecast News) - Coal mine owner Bens Creek revealed on Friday that chief executive Adam Wilson will step down from the role and said it had arranged a new loan with major shareholder Avani.
Deutsche Bank sees more upside at Unilever after strong annual results
(Sharecast News) - Deutsche Bank has kept a 'buy' rating for consumer products group Unilever, saying that while risks remain there is still earnings growth potential within the group after a solid 2023 performance.
L'Oreal slumps as Q4 sales miss expectations
(Sharecast News) - L'Oreal shares slumped on Friday after the cosmetics group posted lower-than-expected fourth-quarter sales.
Ethernity appoints new VP of marketing and business development
(Sharecast News) - Data processing technology specialist Ethernity Networks announced the appointment of Ilan Tevet as its new vice-president of marketing and business development on Friday.
Barclays adds scale, income and profits with Tesco Bank deal, says Shore Capital
(Sharecast News) - Shore Capital has reiterated a 'buy' recommendation on Barclays after its deal to takeover Tesco Personal Finance for £600m, saying that the stock should double from current levels.
Berenberg initiates coverage on Kier and Keller at 'buy'
(Sharecast News) - Analysts at Berenberg initiated coverage on construction groups Keller and Kier on Friday, taking a positive stance on both stocks.
Kinovo warns of delays as legacy project costs surge
(Sharecast News) - Property services group Kinovo warned on Friday that costs associated with legacy projects had surged as a result of several delays.
Citi puts Legal & General on 'negative catalyst watch' ahead of results
(Sharecast News) - Legal & General was under the cosh on Friday as Citi cut its 2023 earnings per share estimates and opened a 30-day 'negative catalyst watch' on the shares ahead of full-year results on 6 March.
S&U warns on full-year profits
(Sharecast News) - Specialist motor finance and bridging lender S&U warned on Friday that full-year profits were likely to be below expectations as poor consumer confidence, the cost-of-living crisis and continuing high interest rates take their toll.
Bellway housing revenue tops £1.25bn in first half
(Sharecast News) - Bellway said in a trading update on Friday that its half-year housing revenue topped £1.25bn, consistent with its projections.
Air Astana to raise $370m in IPO next week
(Sharecast News) - Air Astana's stock-market flotation will value the Kazakhstan-based carrier at $847m, the company announced ahead of its initial public offering next week that will see it raise $370m.
Tesco sells most of banking unit to Barclays for £600m
(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.
Arm shares jump over 50% as AI demand boosts Q3 results
(Sharecast News) - US-listed shares in Arm Holdings surged by more than a half on Thursday in New York after the British semiconductor company reported record revenues for its third quarter, helped by strong demand for AI applications.
Ten Lifestyle inks partnership with Global Travel Collection
(Sharecast News) - Ten Lifestyle Group announced a new partnership with Global Travel Collection (GTC), the world's largest collection of international luxury travel agencies, on Thursday.
Alien Metals takes wraps off Hancock development study
(Sharecast News) - Alien Metals unveiled promising outcomes of a development study on its Hancock Iron Ore Project in Western Australia's Pilbara region on Thursday.
Eco Buildings raises £0.83m to expedite modular housing production
(Sharecast News) - Modular housing company Eco Buildings Group announced on Thursday that it had raised £0.83m to help expedite the production of its modular housing units.
Golden Metal investigating Pilot Mountain's garnet potential
(Sharecast News) - Golden Metal Resources updated the market on its Pilot Mountain project in Nevada on Thursday, emphasising the potential of its tungsten resource and unveiling new findings around the presence of industrial mineral garnet.
XLMedia ends somewhat slower year as expected
(Sharecast News) - Digital media company XLMedia said in a trading update on Thursday that it anticipated meeting market expectations with revenue and adjusted EBITDA for 2023.
Xtract reports progress at Zambia joint venture
(Sharecast News) - Xtract Resources updated the market on its copper exploration joint venture in Zambia with Cooperlemon Consultancy (CL) on Thursday, alongside its broader copper exploration strategy in the region.
Santander reportedly lodges complaint about Nationwide ad
(Sharecast News) - Santander UK has filed a formal complaint with Britain's advertising regulator over a Nationwide campaign which it claims "discredits and denigrates" the high street banking sector.
Fourth-quarter numbers beat forecasts at Apollo
(Sharecast News) - Apollo Global Management posted above-forecast fourth-quarter numbers on Thursday, boosted by strong growth in retirement services.
ArcelorMittal shares gain on positive outlook after tough year
(Sharecast News) - Shares in steel production giant ArcelorMittal gained in Amsterdam after the company pointed to a "more constructive" outlook for the industry following a challenging year in which profits shrunk by 90%.
Sondrel surges on Neuralink speculation
(Sharecast News) - Sondrel shares rocketed on Thursday after the Daily Mail reported that a key part of Elon Musk's Neuralink brain chip was created by the AIM-listed company, which provides "ultra-complex chips" for technology brands.
Hardide narrows losses, flags plans to raise further funds
(Sharecast News) - Surface coating specialist Hardide reported a 10% improvement in revenue in its preliminary results on Thursday, to a record £5.5m, driven by robust demand in the oil and gas sector, expanded aerospace work in the fourth quarter, and successful cost inflation recovery through selling prices.
Philip Morris outlook disappoints, shares dip
(Sharecast News) - Philip Morris International posted below-forecast numbers on Thursday, on the back of higher costs and weaker-than-expected sales of heated tobacco products.
Seeing Machines underlying revenue rises 28pc
(Sharecast News) - Driver monitoring technology company Seeing Machines reported an underlying revenue growth rate of 28% for the first half on Thursday, amounting to $25.6m, excluding one-off Magna exclusivity payments.
Kellogg to close major UK factory
(Sharecast News) - Food manufacturer Kellogg has put hundreds of British jobs at risk after announcing the planned closure of one of its major UK factories.
Cohesity buys Veritas unit to create $7bn cyber firm
(Sharecast News) - US data management company Veritas is selling its data protection unit to rival Cohesity, an American data security firm backed by SoftBank, Reuters announced late Wednesday.
Canaccord Genuity stays at 'buy' on System1 following CMD event
(Sharecast News) - Analysts at Canaccord Genuity reiterated their 'buy' rating and 450.0p target price on software firm System1 on Thursday following the group's capital markets day event earlier in the week.
NatWest hires UBS banker as new Coutts head
(Sharecast News) - NatWest Group has named Emma Crystal as the new head of Coutts, the lender confirmed on Thursday.
Greatland Gold upbeat on recent drilling at Ernest Giles
(Sharecast News) - Greatland Gold announced the conclusion of its Western Australian government co-funded drilling programme at the Meadows gold prospect on Thursday, situated within its wholly-owned Ernest Giles project.
DS Smith receives takeover approach from Mondi, shares surge
(Sharecast News) - Packaging company DS Smith surged on Thursday after confirming it has received "a highly preliminary expression of interest" from rival Mondi.
Shore Capital sees upside risk at Compass after strong Q1
(Sharecast News) - Shore Capital has reiterated its 'buy' rating on Compass Group after a first-quarter trading update from the catering giant on Thursday, saying trading is tracking ahead of full-year assumptions.
Societe Generale confident despite fall in full-year revenue
(Sharecast News) - French banking giant Societe Generale reported full-year revenue of €25.1bn in its results on Thursday, down 7.6% year-on-year.
Maersk suspends share buyback, warns on outlook
(Sharecast News) - Maersk shares sank on Thursday after the shipping giant suspended its share buyback programme as it warned that oversupply and disruption in the Red Sea would impact earnings this year.
Syncona NAV grows in Q3
(Sharecast News) - Life sciences investor Syncona said on Thursday that its net asset value had grown in the three months ended 31 December, driven by a prioritisation of capital allocation across its portfolio to enable the delivery of key inflection points.
James Fisher trades as expected as challenges persist
(Sharecast News) - James Fisher said in an update on Thursday that its underlying trading remained resilient through the second half, aligning with market expectations, as challenges persisted in some areas.
Babcock shoots higher as JPMorgan lifts price target, EPS estimates
(Sharecast News) - Babcock shot higher on Thursday as JPMorgan Cazenove lifted its price target on the shares to 630p from 610p and upped its earnings per share estimates following the company's capital markets day.
British American Tobacco swings to loss on US writedown
(Sharecast News) - British American Tobacco said on Thursday that it swung to a full-year loss mainly due to an impairment charge related to its US business.
AstraZeneca shares slip as Q4 profits miss forecasts
(Sharecast News) - Biopharma titan AstraZeneca delivered a 6% increase in sales in 2023 despite a $3.7bn decline in Covid-19 medicines revenues, as it guided to a strong pick-up in growth this year - though profits came in slightly under analysts' forecasts.
Shares in Digital 9 slump as Iceland probes Verne Global sale
(Sharecast News) - Shares in Digital 9 Infrastructure tumbled on Thursday after the Icelandic authorities opened an investigation into the proposed sale of Verne Global.
Anglo American fourth-quarter volumes down 7%
(Sharecast News) - Mining giant Anglo American has said that production volumes in the fourth quarter were down 7% year-on-year as a result of a deliberate slowdown at its South African iron ore operations and weaker ore at the Los Bronces copper mine in Chile.
SSE reaffirms guidance despite challenges in renewables
(Sharecast News) - SSE reaffirmed its adjusted earnings per share guidance for 2024 on Thursday, aiming for more than 150p despite facing a series of challenges in its renewables output.
Revolution Beauty shares slide on FY revenue warning
(Sharecast News) - Mass beauty business Revolution Beauty Group shares headed south early on Thursday after the group warned investors that full-year revenues would now be lower than previously forecast.
Watches of Switzerland Q3 revenues dip
(Sharecast News) - Watches of Switzerland reported a dip in third-quarter revenues on Thursday as it said consumers in the UK and Europe were choosing to spend their disposable income on other categories such as fashion and beauty.
Compass delivers strong Q1 with double-digit growth across the board
(Sharecast News) - Catering giant Compass said it delivered a strong start to its financial year with organic revenue growth currently running ahead of full-year guidance.
Unilever returns to volume growth; Unveils €1.75bn buyback
(Sharecast News) - Consumer goods giant Unilever announced a €1.5bn share buyback as it reported a return to volume growth in the final quarter of 2023, although the result was described as "disappointing" by its chief executive.
Canaccord Genuity lowers target price on Deltic Energy
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on exploration and development firm Deltic Energy from 185.0p to 160.0p on Wednesday following the recent farm-out of 25% of UK licence P2437.
Berenberg stays at 'buy' on Mattioli Woods
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating and 870.0p target price on wealth management firm Mattioli Woods on Wednesday following the group's "solid" interim results a day earlier.
Anglo American mines in Brazil achieve IRMA standard
(Sharecast News) - Anglo American announced on Wednesday that its Minas-Rio iron ore and Barro Alto nickel mines in Brazil had attained the IRMA 75 level of performance.
Augmentum portfolio company Onfido in talks with potential suitor
(Sharecast News) - Augmentum Fintech announced on Wednesday that its portfolio company Onfido was in exclusive discussions with potential acquirer Entrust, a US-based trusted payments, identities, and data security specialist.
Helium One raises £4.7m to advance planning in Tanzania
(Sharecast News) - Tanzania-focussed helium explorer Helium One Global announced on Wednesday that it has raised £4.7m ($5.92m) through a company-led placing of 313,333,333 new shares at a price of 1.5p each.
Verditek inks preliminary deal to offload solar business
(Sharecast News) - Verditek announced on Wednesday that it has reached a preliminary agreement to sell its solar business in a deal involving the establishment of a new company, 'Newco', by the holders of its secured convertible loan notes.
Goldplat reports success in Ghana, struggles in South Africa
(Sharecast News) - Goldplat reported a successful second quarter in Ghana on Wednesday, with an operating profit of £1.82m making for a significant increase from £1,03m in the second quarter of the 2023 financial year.
Barclay family looks to secure buyer for Yodel - report
(Sharecast News) - The Barclay family has ramped up efforts to find a buyer for Yodel, the delivery business, it was reported on Wednesday.
Tern's Device Authority raises an extra $2m
(Sharecast News) - Early-stage technology investor Tern announced the completion of an additional second closing of tranche one series B funding by Device Authority on Wednesday, in which it held a 35.7% shareholding.
Sabien gas-saving tech installed at Hampton Court Palace
(Sharecast News) - Sabien Technology Group announced the installation of its M2G Cloud Connect system at Hampton Court Palace on Wednesday.
Deltic Energy strikes farm-out deal on Selene Prospect
(Sharecast News) - Natural resources investing company Deltic Energy announced a significant agreement regarding licence P2437 and the Selene Prospect on Wednesday, as it entered into a farm-out deal with Dana Petroleum, transferring a 25% interest in the licence while retaining a 25% non-operated equity interest.
Vast Resources reports slight fall in Baita Plai production
(Sharecast News) - Mining company Vast Resources released its fourth quarter production figures for the Baita Plai polymetallic mine in Romania on Wednesday, extracting 24,178 tonnes of material in the period, yielding 562 dry metric tonnes (DMT) of concentrate with a copper concentrate grade of 18%.
Uber manages to beat fourth-quarter revenue forecasts
(Sharecast News) - Ride-hailing and food delivery behemoth Uber Technologies reported a 15% improvement in fourth-quarter revenue on Wednesday, to $9.9bn, beating market expectations for revenue of $9.8bn.
GreenRoc expects quicker progress with change to Greenland regulation
(Sharecast News) - GreenRoc Mining said in an update on Wednesday that it expected significant progress following amendments to Greenland's mining laws on 1 January.
Pennant International returns to FY operating profit
(Sharecast News) - Software and services firm Pennant International said on Wednesday that it had delivered record gross margins as it returned to an operating profit in 2023.
Zinc Media delivers 'record year' in both revenue and profitability
(Sharecast News) - Production company Zinc Media revealed on Wednesday that expects to deliver "a record year" in terms of both revenue and profitability, in line with market expectations
Earnings slide at TotalEnergies as energy prices ease
(Sharecast News) - TotalEnergies posted a decline in earnings on Wednesday, as oil and gas prices came off record highs.
Ørsted cuts jobs, exits markets and pauses divi after challenging year
(Sharecast News) - Danish energy giant Ørsted on Wednesday announced job cuts, a dividend suspension and the exit of several offshore markets after it swung to a net loss of more than DKK 20bn (£2.3bn) in 2023.
Just Eat Takeaway appoints Mayte Oosterveld as CFO
(Sharecast News) - Just Eat Takeaway.com said on Wednesday that it has appointed Mayte Oosterveld as its new chief financial officer.
Grainger experiences 'strong' YTD rental growth
(Sharecast News) - Residential property business Grainger said on Wednesday that it had seen "strong rental growth" in the four months ended 31 January.
Future trades 'broadly in line' with expectations
(Sharecast News) - Media business Future said on Wednesday that year-to-date trading had been "broadly in line with expectations", despite seeing a slowdown in digital advertising revenues and pressure from FX swings.
Babcock on track to hit targets after strong start to year
(Sharecast News) - Defence engineering group Babcock has said that it is trading in line with expectations, as it meets with institutional investors and analysts for a capital markets day.
Smurfit Kappa FY earnings drop but volumes return to growth in Q4
(Sharecast News) - Smurfit Kappa posted a drop in full-year earnings and revenue on Wednesday amid a "difficult" demand environment, but said that volumes returned to growth in the fourth quarter.
DCC reports Q3 operating profit 'modestly ahead'
(Sharecast News) - International sales, marketing and support services group DCC said third-quarter operating profit was "modestly ahead" of the prior year, despite a volatile economic environment.
Ashmore sees interim AuM slide, remains optimistic for full year
(Sharecast News) - Nervous investors pulled billions of dollars from Ashmore Group funds at the end of 2023, the specialist asset manager said on Wednesday.
PZ Cussons slashes dividend and warns on profits as Nigerian naira plummets
(Sharecast News) - PZ Cussons, the consumer products group behind brands like Carex and Imperial Leather, delivered a profit warning to shareholders on Wednesday and cut its interim dividend by nearly a half as a result of a significant slide in the Nigerian naira in the first half.
Sainsbury's to increase capex to drive profit leverage
(Sharecast News) - Sainsbury's announced its 'Next Level Sainsbury's' strategy on Wednesday, aiming to drive profit leverage from sales growth.
Alpha FMC shares sink on weak full-year guidance
(Sharecast News) - The stock of Alpha Financial Markets Consulting sunk by over a tenth on Wednesday after the AIM-listed financial consultancy guided to a drop in annual profits due to a "more competitive environment" and a slower-than-expected start to some client projects.
Woodside and Santos call off $52bn merger talks
(Sharecast News) - Woodside Energy, the Australian oil and gas group with secondary listings in London and New York, has announced it has called off merger talks with smaller peer Santos that would have created an energy giant worth $52bn.
Barratt to take over Redrow in £2.5bn all-share deal
(Sharecast News) - Britain's biggest housebuilder Barratt said it had agreed an all-share takeover of smaller rival Redrow valuing the latter at £2.5bn.
Biome Technologies full-year revenue meets expectations
(Sharecast News) - Bioplastics and radiofrequency company Biome Technologies said in an update on Tuesday that it recorded total revenue of £7m for 2023, meeting market expectations and marking a 13% increase over the prior year's outturn of £6.2m.
Power Metal reports significant findings from Tati soil sampling
(Sharecast News) - Power Metal Resources updated the market on its wholly-owned Tati Gold Project on the Tati Greenstone Belt near Francistown, Botswana on Tuesday.
HSBC upgrades Sainsbury's to 'buy'
(Sharecast News) - HSBC upgraded Sainsbury's to 'buy' from 'hold' on Tuesday and lifted the price target to 310p from 300p as it took a look at European food retail.
Wednesday preview: Fedspeak, UK house prices in focus
(Sharecast News) - The market spotlight in the middle of the week will be on speeches from three top Federal Reserve officials.
Union Jack agrees farm-in deal on Oklahoma well
(Sharecast News) - Union Jack Oil announced a farm-in agreement with Reach Oil & Gas Company on Tuesday, granting it a 45% working interest in the upcoming Andrews-1 well, scheduled for drilling in the second quarter.
Alumasc revenue, profits rise in first half
(Sharecast News) - Alumasc reported a 6.4% rise in group revenues in its interim results on Tuesday, to £47.8m, driven by a robust performance in the water management sector, where revenues surged 12% to £22m.
Novacyt confirms end of Yourgene Taiwan disposal discussions
(Sharecast News) - Novacyt announced on Tuesday that it had received formal notification from INEX Innovate terminating discussions around the acquisition of Yourgene Health Taiwan.
Oracle Power upbeat on study into proposed Pakistan hydrogen project
(Sharecast News) - Oracle Power announced the successful completion of a comprehensive technical and commercial feasibility study on Tuesday, conducted by China Electric Power Equipment and Technology (CET), a wholly owned subsidiary of State Grid Corporation of China (SGCC), along with Shanghai Investigation, and Design and Research Institute (SIDRI).
Empire Metals appoints BHP veteran as process development manager
(Sharecast News) - Empire Metals announced the appointment of Narelle Marriott as its process development manager on Tuesday, effective from 11 March.
Mattioli Woods reports rise in revenue, earnings
(Sharecast News) - Wealth and asset manager Mattioli Woods reported an 8% increase in first-half revenue on Tuesday, reaching £59.1m.
Mattioli Woods reports rise in revenue, earnings
(Sharecast News) - Wealth and asset manager Mattioli Woods reported an 8% increase in first-half revenue on Tuesday, reaching £59.1m.
Aston Martin said to be searching for fourth CEO in as many years
(Sharecast News) - Aston Martin Lagonda is reportedly reaching out to candidates to succeed Amedeo Felisa as chief executive officer and become the UK carmaker's fourth CEO in as many years.
Berenberg starts recruiter SThree at 'buy'
(Sharecast News) - Berenberg initiated coverage of recruiter SThree on Tuesday with a 'buy' rating and 550p price target, which offers around 30% upside.
Springfield Properties inks £15.3m contract with Highland Housing Alliance
(Sharecast News) - Scottish housebuilder Springfield Properties has signed a new contract with Highland Housing Alliance for the delivery of affordable housing.
XLMedia strikes commercial partnership with Star Tribune
(Sharecast News) - Digital media firm XLMedia has struck a commercial partnership with Star Tribune Media, the largest US upper midwest news organisation.
Futura has 'transformational year' in 2023
(Sharecast News) - Consumer healthcare company Futura said on Tuesday that 2023 had been a "transformational year", with the group generating its first meaningful revenues and laying the foundations for "significant growth acceleration".
Novartis to take over MorphoSys in EUR 2.7bn deal, shares jump
(Sharecast News) - Shares in German oncology biopharmaceutical specialist MorphoSys were surging on Tuesday morning, after Swiss pharma giant Novartis announced a deal to acquire it overnight.
Barclays downgrades Entain to 'equalweight'
(Sharecast News) - Barclays downgraded Entain on Tuesday to 'equalweight' from 'overweight' and cut the price target to 1,070p from 1,120p, as it said "the recovery is not straightforward".
Jefferies names Flutter as top gaming pick
(Sharecast News) - Jefferies has named Flutter Entertainment as its top UK pick in the European gaming sector but has also named London-listed peers 888 Holdings, Entain and Playtech as 'buys'.
PCI-PAL ends first half as expected
(Sharecast News) - Business communications and cloud payment specialist PCI-PAL said in an update on Tuesday that revenue in its first half met management expectations, increasing 20% year-on-year to £8.7m.
Eurozone retail sales fall 1.1% in December
(Sharecast News) - Eurozone retail sales fell 1.1% month-on-month in December, according to European Union statistics agency Eurostat, capping off a tough twelve months for consumers.
DuPont beats expectations on fourth-quarter adjusted earnings
(Sharecast News) - Shares in American chemicals giant DuPont were bouncing in premarket trading on Tuesday, after the parent company of brands including Kevlar, Tyvek and Styrofoam beat market expectations on profits and raised its dividend.
UBS posts second consecutive quarterly loss
(Sharecast News) - Investment bank UBS posted its second consecutive quarterly loss on Tuesday as costs related to integrating its fallen rival Credit Suisse weighed on the group.
DiscoverIE holds FY guidance as orders grow
(Sharecast News) - Customised electronics maker discoverIE Group held full-year guidance despite a fall in sales for the four months to January 31, as orders showed signs of improvement.
GSK reports positive myeloma trial results, progresses vaccine applications
(Sharecast News) - GSK reported progress in its trial of a myeloma treatment on Tuesday, as well as regulatory progress around its shingles vaccine in China and its RSV vaccine in the United States.
Renishaw sees H1 profits sink but gives brighter outlook
(Sharecast News) - Renishaw has said that higher costs, pay inflation and currency movements hit margins in the first half, leading to a 23% slump in adjusted profits amid challenging market conditions, but said it expected things to pick up in the second half.
Virgin Money delivers solid Q1, sees improving mortgage market
(Sharecast News) - Banking group Virgin Money UK said it has delivered a first-quarter performance in line with guidance with growth in new accounts, deposits and target lending activities at stable margins.
BP shares surge on $1.75bn buyback despite 2023 profit slump
(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.
Trident Royalties receipts jump in December quarter
(Sharecast News) - Trident Royalties said in an update on Monday that its receipts for the December quarter reached $3.2m, representing a 63% increase from the third quarter.
Snap to cut 10% of workforce in restructuring move
(Sharecast News) - Social media group Snap has announced plans to cut a tenth of its global workforce - thought to be around 500 people - as part of a restructuring plan that will cost between $55m and $75m.
SocGen to cut around 900 jobs at head office
(Sharecast News) - Societe Generale confirmed on Monday that it plans to cut around 900 jobs at its head office in France as it looks to simplify its operations and improve efficiency.
McDonald's Q4 sales miss forecasts due to Middle East crisis
(Sharecast News) - Shares in McDonald's slumped in New York on Monday after the fast-food giant missed analysts' forecasts with its fourth-quarter sales as geopolitical turmoil in the Middle East weighed on results.
Novo Holdings to buy US drug maker Catalent in $16.5bn deal
(Sharecast News) - Novo Holdings, the controlling shareholder of Novo Nordisk, has agreed to buy US drug maker Catalent in a $16.5bn cash deal.
T42 inks significant follow-on deal with customer
(Sharecast News) - T42 IoT Tracking Solutions announced a significant follow-up agreement with a prominent customer for supply chain monitoring on Monday.
Parkmead awarded three new North Sea blocks
(Sharecast News) - Independent energy group Parkmead has been provisionally awarded three new offshore blocks by the North Sea Transition Authority (NSTA) in tranche two of the UK's 33rd Licensing Round.
Chariot gets fresh approval for Loukos drilling campaign
(Sharecast News) - Africa-focussed energy company Chariot announced on Monday that it has successfully secured approval for its environmental impact assessment (EIA) from the Unified Regional Investment Committee for the Loukos drilling campaign.
Vector Capital describes 'resilient' full-year performance
(Sharecast News) - Commercial property development and investment lender Vector Capital said in an update on Monday that, despite challenging market conditions in the UK characterised by high interest rates and subdued residential property values, it saw a resilient full-year operational performance.
Empire Metals to start next exploration phase at Pitfield
(Sharecast News) - Empire Metals announced the upcoming start of the next phase of exploration activities at the Pitfield Project in Western Australia on Monday.
Clean Power Hydrogen achieves three ISO certifications
(Sharecast News) - Clean Power Hydrogen announced its achievement of three ISO certifications on Monday - ISO 45001 for occupational health and safety, ISO 14001 for environmental management systems, and ISO 9001 for quality management systems.
Helium One shares soar on latest Itumbula West progress
(Sharecast News) - Tanzania-focussed helium explorer Helium One Global announced significant progress in its latest drilling operation, the Itumbula West-1 well, on Monday.
JD Sports-backed Applied Nutrition preparing for £1bn London float - report
(Sharecast News) - Applied Nutrition, a manufacturer of sports supplements part-owned by JD Sports Fashion, is reportedly beginning preparations for a £1bn London flotation.
Serica Energy confident despite production challenges
(Sharecast News) - Serica Energy said in an update on Monday that its pro-forma net production in 2023 averaged 40,121 barrels of oil equivalent per day, including production from the fields owned by Tailwind since 1 January 2023.
Boeing finds 'miss-drilled holes' in 50 undelivered 737 MAX planes
(Sharecast News) - Boeing's troubled 737 MAX programme was facing production challenges, it emerged over the weekend, as fresh issues were found in a number of fuselages.
Gaming Realms FY revenues grow
(Sharecast News) - Mobile-focussed games developer Gaming Realms said on Monday that both revenues and adjusted underlying earnings had risen in 2023, predominately driven by content licensing.
Fireangel Safety sees 'significant reduction' in FY sales volume
(Sharecast News) - Home safety products manufacturer Fireangel Safety Technology warned on Monday that sales were expected to be significantly lower year-on-year as measures taken by the group to manage trading challenges and fight inflationary pressures came at the expense of "a significant reduction in sales volume".
Physiomics awarded further contract by Numab Therapeutics
(Sharecast News) - Data science company Physiomics said on Monday that it had been awarded a further contract by an existing client.
Morgan Stanley upgrades Landsec to 'overweight'
(Sharecast News) - Morgan Stanley upgraded its stance on Land Securities to 'overweight' from 'equalweight' on Monday and reiterated its 'overweight' rating on British Land as it pointed to stabilising property yields.
Alliance Pharma names Camillo Pane as chair
(Sharecast News) - Consumer healthcare company Alliance Pharma has appointed Camillo Pane to the role of chairman to "lead the company through its next strategic phase", focusing on organic growth through marketing and innovation.
Naked Wines appoints regional MD as new CEO
(Sharecast News) - Online wine retailer Naked Wines has appointed its UK managing director as its new chief executive after the abrupt departure of its former boss last November.
Revolution Beauty reaches settlement with former CEO
(Sharecast News) - Make-up company Revolution Beauty has reached a settlement with co-founder and former chief executive Adam Minto following the delayed publication of its FY22 results and its suspension from trading during his time in the top job.
Atos shares plunge as rights issue pulled, starts debt talks
(Sharecast News) - Shares in troubled French technology company Atos plunged by a quarter on Monday as pulled a €720m rights issue and entered talks with lenders.
JPM puts Kingfisher on 'negative catalyst watch', cuts price target
(Sharecast News) - JPMorgan Cazenove cut its price target on Kingfisher on Monday to 180p from 190p as it placed the shares on 'negative catalyst watch' ahead of full-year results on 25 March.
Hipgnosis Songs Fund seeking indemnity from founder
(Sharecast News) - Hipgnosis Songs Fund said in an update on Monday that it was looking for indemnity from its founder amid a legal battle with Hipgnosis Music.
CMC Markets to cut 200 jobs by streamlining support roles
(Sharecast News) - Spreadbetting and CFD trading group CMC Markets is to cut 200 jobs following a cost-cutting programme expected to save £21m.
Vodafone struggles in Italy, Germany, but holds guidance
(Sharecast News) - Telecoms giant Vodafone held full-year guidance as it reported a fall in third-quarter service revenues, driven largely by declines in Germany.
Wishbone Gold raises £0.3m in 'top-up' placing
(Sharecast News) - Wishbone Gold announced on Friday that it has successfully raised £0.3m in funding from a corporate investor, selling 25 million new shares for 1.2p each.
Orchard Funding warns of impact of GAP product withdrawals
(Sharecast News) - Insurance premium financing specialist Orchard Funding Group updated the market on the guaranteed asset protection (GAP) insurance market on Friday, after a review by the Financial Conduct Authority (FCA).
Aukett Swanke records higher full-year profit
(Sharecast News) - Building, architectural and design service provider Aukett Swanke said in an update on Friday that, based on unaudited management accounts, it recorded a small pre-tax profit for the year ended 30 September, excluding exceptional items related to acquisitions.
Parkmead reports progress at LDS-01 well
(Sharecast News) - Independent energy firm Parkmead updated the market on its gas production following the successful start of production from the LDS-01 well in the fourth quarter of 2023.
Mosman raises £0.3m to bolster working capital
(Sharecast News) - Mosman Oil and Gas had raised £0.3m, it announced on Friday, through the placing of 2,400,000,000 shares.
BAT, Philip Morris settle patent infringement litigations over heated tobacco, vapour products
(Sharecast News) - British American Tobacco said on Friday that it has reached a global settlement with Philip Morris International to resolve all ongoing patent infringement litigations between the two related to its heated tobacco and vapour products.
BP appoints Kate Thomson as its permanent finance chief
(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.
Diageo kicks off search for new chairman - report
(Sharecast News) - Drinks giant Diageo has reportedly kicked off the search for a new chairman as it grapples with a sharp slowdown in sales in key growth markets.
Citi trims estimates on BT, reiterates 'buy' rating
(Sharecast News) - Citi has trimmed its fourth-quarter estimates for BT Group while reiterating its 'buy' rating.
Chevron earnings slide amid record shareholder returns
(Sharecast News) - Chevron reported fourth-quarter earnings of $2.3bn on Friday, or $1.22 per share on a diluted basis, down from $6.4b and $3.33 per share a year earlier.
Pan African Resources flags strong rise in earnings
(Sharecast News) - Pan African Resources reported a substantial increase in headline earnings per share and earnings per share in its first half on Friday, to between 2.14 and 2.3 cents per share, up from 1.52 cents per share for the same period in 2022.
Jaguar Land Rover Q3 profits motor ahead on higher orders
(Sharecast News) - UK luxury car maker Jaguar Land Rover posted its highest quarterly profit in six years driven by higher client orders and wholesale revenue.
TSB to cut jobs, close branches
(Sharecast News) - TSB is to cut jobs and close branches as part of a restructuring plan announced by its Spanish parent Banco Sabadell.
Barclays upgrades easyJet, Wizz Air
(Sharecast News) - Barclays upgraded Wizz Air and easyJet on Friday as it cited "positive prospects" for European low-cost carriers.
Annual profits top $36bn at ExxonMobil
(Sharecast News) - ExxonMobil posted above-forecast earnings on Friday, as increased production helped offset a decline in energy prices.
Hutchmed partner Inmagene exercises options over two drug candidates
(Sharecast News) - Hutchmed China announced on Friday that Inmagene Biopharmaceuticals has exercised options to licence two drug candidates, IMG-007 and IMG-004, as part of their strategic partnership.
Jefferies upgrades Wise to 'buy'
(Sharecast News) - Jefferies has upgraded its rating on money transfer specialist Wise to a 'buy' on the back of improving growth prospects.
Superdry CEO Dunkerton considering takeover, shares rocket
(Sharecast News) - Superdry shares rocketed on Friday after it said chief executive Julian Dunkerton is considering making an offer for the fashion brand and is currently in talks with potential sources of finance.
YouGov reiterates outlook despite 'challenging' conditions
(Sharecast News) - YouGov confirmed its full-year outlook on Friday, despite "challenging" economic conditions weighing on client budgets.
Ryanair traffic ticks up 3% in January, load factor dips
(Sharecast News) - Budget airline Ryanair reported a 3% jump in January passenger numbers on Friday, but a dip in the load factor.
Octopus Renewables buys 4 Irish solar farms for €160m
(Sharecast News) - Octopus Renewables Infrastructure Trust said it bought four newly-constructed solar farms located close to Dublin, Ireland for €160m.
Hikma agrees to settle US opioid claims
(Sharecast News) - Hikma Pharmaceuticals announced an agreement in principle to address the majority of opioid-related claims filed against it by various US states, local communities and tribal nations on Friday.
Apax Global Alpha invests €21.5m in WGSN
(Sharecast News) - Apax Global Alpha has invested €21.5m in trends forecaster WGSN, the closed-ended investment company confirmed on Friday.
Wizz Air surges on Jan passenger numbers, route reinstatement
(Sharecast News) - Shares in Wizz Air surged on Friday as the low-cost airline reinstated routes to the Middle East and reported a 14.2% rise in January passenger numbers but load factor fell due to the conflict in Gaza and an increase in one-way traffic.
Friday preview: U.S. non-farm payrolls, consumer confidence in focus
(Sharecast News) - All eyes at the end of the week will be on the U.S. jobs market as the Department of Labor publishes the January employment report.
Fusion Antibodies confirms £0.28m tax credit
(Sharecast News) - Preclinical antibody discovery specialist Fusion Antibodies announced the successful receipt of a research and development tax credit from HMRC on Thursday.
Venture Life flags solid rise in full-year revenue
(Sharecast News) - Venture Life said in an update on Thursday that it achieved full-year revenue of £51m in 2023, making for 16% year-on-year growth.
Anexo trading in line as emissions cases progress
(Sharecast News) - Integrated credit hire and legal services provider Anexo said in an update on Thursday that a three-day consolidated hearing took place in the High Court last week to address the case management of all diesel emissions cases.
Galileo unveils two new copper targets within Kalahari Belt
(Sharecast News) - Galileo Resources unveiled two additional copper targets within the Kalahari Copper Belt on Thursday, following the recent discovery of three targets on PL253/2028.
Arkle reports promising gold grades at Inishowen
(Sharecast News) - Arkle Resources released the results of its December drilling programme at the Inishowen gold prospect on Thursday, reporting promising grades of gold, with the strike length of the structure extending further.
Judges Scientific acquires Luciol Instruments
(Sharecast News) - Scientific instrument investor Judges Scientific announced the successful acquisition of Luciol Instruments on Thursday, by its subsidiary PE Fiberoptics (PFO).
Warpaint London renews contract with Ward & Hagon
(Sharecast News) - Cosmetics company Warpaint London has renewed its contract with Ward & Hagon, it announced on Thursday, effective from 1 January and spanning 24 months, with an option for continued partnership under the same terms and a mutually agreed six-month notice period.
Adidas forecasts jump in 2024 profits
(Sharecast News) - Adidas has forecast a jump in full-year profits, as it continues to draw a line under its Yeezy partnership with controversial rapper Kanye West.
Mitch Flegg to step down as Serica CEO
(Sharecast News) - Serica Energy announced a significant leadership change on Thursday, with Mitch Flegg set to step down from his role as chief executive officer and director.
JTC achieves latest business plan early, ends year in line
(Sharecast News) - Professional services firm JTC described a successful year in a trading update on Thursday, achieving its 'Galaxy' goal of doubling its business two years earlier than originally projected, although its margins were set to be at the lower end of expectations.
Deutsche Bank to cut 3,500 jobs as cost-cutting continues
(Sharecast News) - German banking giant Deustche Bank has declared a €1.6bn capital return to shareholders as it unveiled measures to cut 3,500 jobs in its ongoing restructuring programme.
Rightmove to buy HomeViews for £8m in cash
(Sharecast News) - Property portal Rightmove said on Thursday that it has agreed to buy HomeViews for £8m in cash.
BNP Paribas tumbles after fourth-quarter results
(Sharecast News) - BNP Paribas tumbled on Thursday after its fourth-quarter profits missed estimated, as it struck a cautious note on the outlook.
Berenberg upgrades Marshalls to 'buy'
(Sharecast News) - Berenberg upgraded Marshalls on Thursday to 'buy' from 'hold' and lifted the price target to 420p from 320p.
Berenberg cuts Pets at Home to 'hold' on cost headwinds
(Sharecast News) - Shares of Pets at Home were under selling pressure on Thursday after analysts at Berenberg cut their rating on the stock from 'buy' to 'hold' and slashed their target price by nearly 10%.
Barclays downgrades Next, says shares up with events
(Sharecast News) - Barclays downgraded Next on Thursday to 'equalweight' from 'overweight' but lifted the price target to 8,500p from 8,250p, as it said the valuation is now reasonable.
Volvo shares surge on decision to axe Polestar funding
(Sharecast News) - Volvo shares surged on Thursday after the Swedish company said it was axing funding for electric vehicle maker Polestar Automotive and handing over to China's Geely.
Rank Group back in black, confirms full-year guidance
(Sharecast News) - Rank Group reiterated its full-year outlook on Thursday, after a jump in interim revenues helped it swing back into the black.
GSK settles Zantac case in California without admitting liability
(Sharecast News) - GSK announced on Thursday that it had reached a confidential settlement to effectively resolve the legal case over Zantac filed in a California state court.
Phoenix Group hits growth targets early after strong 2023
(Sharecast News) - UK savings and retirement business Phoenix Group said it was able to achieve its 2025 growth target two years early after a strong performance in 2023 with new business net fund flows up 80%.
JPMorgan upgrades easyJet to 'overweight'
(Sharecast News) - JPMorgan Cazenove upgraded easyJet on Thursday to 'overweight' from 'neutral' as it took a look at European airlines.
3i Group sees NAV rise 8% in third quarter
(Sharecast News) - London-headquartered private equity and infrastructure firm 3i Group reported an 8% increase in net asset value (NAV) over the third quarter and an "excellent" result from Europe-focused non-food discounter Action.
Glencore production falls but guidance held
(Sharecast News) - Glencore reported a fall in production but reiterated annual trading profits and the commodities company would come in above its long-term guidance.
Shell to buy back more shares as quarterly income slides
(Sharecast News) - Shell reported a 93% fall in income attributable to shareholders in its fourth quarter on Thursday, to $474m, with the full-year figure sliding 54% to $19.36bn.
Airtel Africa Q3 underlying revenues jump, but FX weighs on results
(Sharecast News) - Africa-focused telecoms group Airtel Africa said it intends to launch a share buyback worth up to $100m after a strong underlying performance in the third quarter, though currency movements weighed heavily on growth.
AG Barr sees FY profit 'slightly ahead' of market expectations
(Sharecast News) - Irn Bru maker AG Barr said on Thursday that full-year profit was set to be "slightly ahead" of previous market expectations after a strong performance in the second half.
Vanquis Banking Group ends financial year as expected
(Sharecast News) - Vanquis Banking Group said in an update on Thursday that its performance remained in line with management expectations since its third-quarter trading update on 17 October.
BT Group sees FY in line despite flat Q3 earnings
(Sharecast News) - BT Group reiterated annual guidance as it reported flat adjusted earnings for the third quarter and a rise in revenues driven by higher prices.
Plexus Holdings repays chunk of 2022 loan notes
(Sharecast News) - Oil and gas engineering service company Plexus Holdings updated the market on the 1,550,000 convertible loan notes issued in October 2022 on Wednesday, having repaid a large portion of them.
Synergia reports progress on Cambay farm-out process
(Sharecast News) - Synergia Energy updated the market on the progress of the Cambay PSC farm-out process on Wednesday, reporting that it was currently engaged in meetings in India with a prospective partner.
Ingenta to hike dividend after year of growth
(Sharecast News) - Publishing and media software and service provider Ingenta said in an update on Wednesday that it expected to report revenue of £10.8m for 2023, reflecting 3% growth year-on-year.
Serabi Gold renews trial licence for Coringa
(Sharecast News) - Serabi Gold announced the renewal of its trial mining licence for the Coringa mine on Wednesday.
Skillcast describes year of robust growth
(Sharecast News) - Software company Skillcast Group reported a year of robust growth in annualised recurring revenue (ARR) in an update on Wednesday.
DotDigital revenue grows as it integrates acquisition
(Sharecast News) - Customer experience and data software specialist DotDigital reported first-half revenue of £38.7m in an update on Wednesday, marking a 15% increase compared to the first six months of the 2023 financial year.
NatWest on the hunt for permanent CEO - report
(Sharecast News) - UK banking group NatWest has reportedly hired the services of a headhunter to find a permanent replacement for former chief executive Dame Alison Rose, who left the company abruptly last year as part of the Nigel Farage debanking scandal.
Sylvania Platinum production slips as expected in third quarter
(Sharecast News) - South Africa-focussed Sylvania Platinum reported in an update on Wednesday that its Sylvania Dump Operations (SDO) produced 18,232 4E platinum group metal (PGM) ounces in its second quarter.

Show Results

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.