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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.

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 in $1bn buyback as profits rise on higher rates
(Sharecast News) - Asia-focused bank Standard Chartered on Friday 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, 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 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 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.
Thursday preview: Bank of England, Shell in the spotlight
(Sharecast News) - All eyes in the first trading session of February will be on the Bank of England.
Boeing tops Q4 expectations but offers no 2024 guidance
(Sharecast News) - Troubled aerospace giant Boeing topped market expectations on fourth quarter losses on Wednesday, but declined to offer guidance for 2024 as it grappled with safety issues with its 737 MAX-9 narrowbody.
Universal threatens to pull songs from TikTok in row over payments
(Sharecast News) - Universal Music is gearing up to pull millions of its songs from social media platform TikTok after a breakdown in talks over payments.
Allen Media eyes Paramount Global in potential $30bn deal - reports
(Sharecast News) - Shares in Paramount Global soared on Wednesday, after it emerged Allen Media Group had submitted a multi-billion dollar bid for the US giant.
Somero ends year in line with expectations
(Sharecast News) - Somero Enterprises reported a strong financial performance for 2023 in an update on Wednesday, pencilling in full-year revenue of $120.7m, in line with market expectations.
Jefferies ups ratings on Elementis, XP Power and Spirax-Sarco
(Sharecast News) - Jefferies has adjusted its ratings on stocks across in a review of the UK-listed capital goods sector, which included upgrades of Elementis, XP Power and Spirax-Sarco Engineering.
RBC Capital Markets nudges down Alliance Pharma price target
(Sharecast News) - RBC Capital Markets nudged its price target on Alliance Pharma down to 60p from 65p on Wednesday as it said it was rebasing its forecasts as trading normalises.
Cigna to sell Medicare business to HCSC for $3.7bn
(Sharecast News) - The Cigna Group said on Wednesday that it has agreed to sell its Medicare business to Health Care Service Corporation (HCSC) for around $3.7bn.
Obesity treatments cause profits to balloon at Novo Nordisk
(Sharecast News) - Denmark's Novo Nordisk reported better-than-expected sales and earnings on Wednesday, on the back of surging demand for blockbuster weight-loss treatment Wegovy.
James Halstead profits rise despite demand "softening" in Europe
(Sharecast News) - Commercial flooring manufacturer and distributor James Halstead has said it expects profits to grow by up to a fifth in the first half despite some challenging conditions.
ITM Power improves guidance after solid first half
(Sharecast News) - Shares in ITM Power surged on Wednesday after the energy storage and clean fuel company impressed with its interim results and improved its full-year guidance.
Vodafone rejects revised Iliad offer to merge Italian businesses
(Sharecast News) - Iliad said on Wednesday that Vodafone had rejected its revised offer to merge the two companies' Italian businesses.
Smiths News trading in line with market expectations
(Sharecast News) - Newspaper and magazine distributor Smiths News said on Wednesday that trading for the year to the end of August 2024 remains in line with market expectations.
Citi lifts price target for Antofagasta after Centinela expansion
(Sharecast News) - Citi has raised its target price for Antofagasta and reiterated an 'buy' rating after the copper miner approved a $4.4bn expansion of its Centinela mine in Chile.
H&M CEO in shock departure
(Sharecast News) - H&M on Wednesday said its brand head Daniel Erver would be elevated to chief executive with immediate effect as the struggling Swedish fashion retailer looked for a way to boost sales.
Gulf Keystone production plunges on Kurdistan export suspensions
(Sharecast News) - Kurdistan-focussed energy company Gulf Keystone Petroleum said in an update on Wednesday that its gross average production for 2023 decreased to 21,891 barrels of oil per day, from 44,202 daily barrels in the prior year, due to export suspensions.
House prices rise more than expected in January
(Sharecast News) - UK house prices rose more than expected in January as mortgage rates trended lower, according to figures released on Wednesday by Nationwide.
Vaccines drive full-year growth for GSK
(Sharecast News) - GSK reported a robust performance for 2023 on Wednesday, backed by broad-based growth across its segments, as it also revised its growth projections for the future.
Anglo's De Beers sees diamond sales jump in first sale of 2024
(Sharecast News) - De Beers, the diamond division of mining giant Anglo American, has reported encouraging further signs of stabilisation in the diamond market after a big jump in revenues from its first sales tender of the new financial year.
FDM Holdings sees flat 2023 revenues as placements plunge
(Sharecast News) - Professional IT services provider FDM Group said it expected annual revenues to be flat, confirming the warning it issued in November about the hit from geopolitical uncertainties and clients deferring project decisions.
Lexington Gold reports drilling progress at Bothaville
(Sharecast News) - Lexington Gold updated the market on its 2023-2024 drilling programme at the Bothaville Project in South Africa's Witwatersrand Gold Basin on Tuesday.
Northcoders ends 2023 in line with revised expectations
(Sharecast News) - Technology training firm Northcoders said in a trading update on Tuesday that its performance in 2023 aligned with revised market forecasts.
Wednesday preview: Fed decision, China factory PMI in focus
(Sharecast News) - Investors' focus on Wednesday would be squarely on the U.S. central bank's most recent policy decision.
Morrisons to sell 337 petrol forecourts to MFG for £2.5bn
(Sharecast News) - Morrisons said on Tuesday that it has agreed to sell 337 petrol forecourts to Motor Fuel Group for £2.5bn.
Carnival earnings hit by Red Sea attacks, but says bookings strong
(Sharecast News) - Carnival's annual earnings will take a hit as the cruise line giant is forced to re-route ships that were due to transit the Red Sea up to May this year, the company said on Tuesday, but said strong bookings would offset the impact over the year.
GB Group trading as expected as new CEO takes reins
(Sharecast News) - Digital location and identity software specialist GB Group announced on Tuesday that Dev Dhiman had now started as its new chief executive officer, following a successful transition period.
IMI appoints Jamie Pike as next chair
(Sharecast News) - IMI said on Tuesday that Jamie Pike will be appointed as chair with effect from 1 January 2025, with current chair Lord Smith of Kelvin due to step down at the end of this year.
Fintel upbeat after year filled with acquisitions
(Sharecast News) - Financial technology and support service specialist Fintel described a resilient full-year performance in a trading update on Tuesday, with results expected to meet its expectations.
Uniphar ends year in line with expectations
(Sharecast News) - Pharmaceutical and medical technology service company Uniphar said in an update on Tuesday that its performance in 2023 met its own expectations in terms of gross profit and EBITDA, while also achieving normalised free cash flow conversion in line with medium-term guidance.
Renew Holdings confident in year-end order book
(Sharecast News) - Infrastructure engineering service provider Renew Holdings said in an update on Tuesday that in the first quarter of its new financial year, it maintained the positive trading momentum seen in 2023, aligning with the board's expectations.
General Motors tops forecasts despite slower EV market
(Sharecast News) - General Motors beat market forecasts with its latest figures on Tuesday, as it reported revenue of $43bn in its fourth quarter, with net income attributable to stockholders of $2.1bn and adjusted EBIT of $1.8bn.
Pfizer posts better-than-expected Q4 results
(Sharecast News) - Pharmaceutical giant Pfizer reported better-than-expected quarterly earnings on Tuesday, driven by its cost-cutting programme aimed at an eventual return to profitability.
UPS shares drop on weak 2024 guidance, job cuts
(Sharecast News) - UPS shares were falling sharply on Tuesday after the transport and logistics giant missed forecasts with its fourth-quarter results and underwhelmed with guidance for 2024, as well as announcing the removal of 12,000 jobs.
JPMorgan hikes Ashtead price target, reiterates 'overweight'
(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Ashtead on Tuesday and hiked its price target to 6,800p from 5,600p as it argued the risk/reward is now attractive.
SThree reports fall in net fees after mixed year
(Sharecast News) - Science, technology, engineering and mathematics (STEM) specialist recruiter SThree reported revenue of £1.663bn in its final results on Tuesday, marking a 1% increase.
ATG, Moneysupermarket and Trainline on Berenberg's M&A watchlist
(Sharecast News) - Berenberg has highlighted Auction Technology Group (ATG), and Trainline as potential M&A candidates as part of its review of the UK-listed technology, media, and telecom (TMT) sector.
Delivery Hero sells entire Deliveroo stake, shares slump
(Sharecast News) - Deliveroo slumped on Tuesday after Delivery Hero sold its entire 4.5% stake in the company in a placing.
Synthomer misses 2023 forecasts but cuts debt more than expected
(Sharecast News) - Synthomer, the specialised chemical products group, has confirmed that both revenues and profits fell in 2023 but strong cash generation meant that net debt was lower than expected.
Renewi lowers expectations after challenging third quarter
(Sharecast News) - Waste-to-product company Renewi lowered its full-year expectations in an update on Tuesday, after its performance in the third quarter reflected persisting challenges in some key markets, partly offset by progress in its margin improvement initiatives.
Speedy Hire tanks after profit warning
(Sharecast News) - Tools and equipment hire services firm Speedy Hire tanked on Tuesday as it warned on profits.
Berenberg reinitiates coverage of Kainos at 'buy', shares jump
(Sharecast News) - Software company Kainos jumped on Tuesday as Berenberg re-initiated coverage of the shares with a 'buy' rating and 1,315p price target, citing an attractive entry point.
Hapag-Lloyd shares slump as Red Sea attacks hit Q4 profits
(Sharecast News) - Shares in Hapag-Lloyd fell sharply on Tuesday as the shipping giant reported a 92% fall in fourth-quarter earnings as it felt the impact of attacks on commercial vessels by Iran-backed Houthi militants in the Red Sea.
Diversified Energy beats consensus with record profits in 2023
(Sharecast News) - Natural gas group Diversified Energy Company (DEC) said it expect to deliver record profits above consensus forecasts for 2023 despite a "challenging" commodity price environment as production increased to an all-time high.
Saga says annual profit set to more than double
(Sharecast News) - Saga said on Tuesday that it expects full-year underlying pre-tax profit to more than double on the previous year as it hailed an "outstanding" year for the cruise and travel businesses.
Hill & Smith appoints new COO
(Sharecast News) - Infrastructure products group Hill & Smith has group president Hooman Caman Javvi as its new chief operating officer.
HSBC slapped with £57.4m fine for deposit protection failures
(Sharecast News) - HSBC bank has been fined £57.4m by the Bank of England after admitting serious failings in protecting customer deposits.
Pets at Home cuts full-year profit outlook
(Sharecast News) - Pets at Home cut its full-year profit outlook on Tuesday after a weaker-than-expected performance at its retail business in the third quarter.
WPP results to meet expectations as it sets medium-term targets
(Sharecast News) - Advertising giant WPP said in an update on Tuesday that it expected its 2023 results to align with earlier guidance.
Auction Technology shares soar as revenues rise 11%
(Sharecast News) - Shares in Auction Technology Group soared by a fifth as the art and antique online marketplace operator said it expected annual results to be in line with expectations after an 11% increase in revenue for the first three months of the year.
Eurozone Q4 GDP comes in flat, avoids technical recession
(Sharecast News) - The eurozone and European Union managed to avoid a technical recession after official flash estimates showed the economy flatlined in the last three months of 2023.
Diageo's first-half profits fall 11% on LatAm-Carribean weakness
(Sharecast News) - First-half profits at Diageo fell by more than a tenth as weakness in the Latin American and Caribbean (LAC) regions persisted, but the drinks giant pointed to improving trading conditions in the latter part of the financial year.
SSP Group holds FY outlook after strong rise in Q1 sales
(Sharecast News) - Travel food outlet operator SSP Group on Tuesday held full-year guidance after a strong rise in first-quarter sales as rail and air passenger numbers continued to recover after the Covid pandemic.
Tuesday preview: UK consumer credit, US JOLTS report in focus
(Sharecast News) - The market spotlight on Tuesday will be on U.K. consumer credit and money supply growth data covering the month of December.
Falcon Oil starts production testing at Shenandoah South 1H
(Sharecast News) - Falcon Oil announced the start of the 30-day initial production (IP30) testing at the Shenandoah South 1H (SS1H) well in EP117 on Monday.
Conroy Gold releases scout drilling assay results
(Sharecast News) - Conroy Gold released assay results from scout drill holes conducted on four gold targets in its exploration areas on Monday.
Serabi reports improved full-year gold production
(Sharecast News) - Serabi Gold said in an update on Monday that in the fourth quarter of 2023, it achieved gold production of 7,891 ounces, and for the entire year, it recorded gold production of 33,153 ounces, marking a 4.2% year-on-year improvement.
Paddy Power owner Flutter planning to move primary listing to US
(Sharecast News) - Paddy Power owner Flutter Entertainment said on Monday that it plans to move its primary listing to the US, as it began trading on the New York Stock Exchange.
European Metals extends all four Cinovec licences
(Sharecast News) - European Metals Holdings announced the extension of all four Cinovec exploration licences on Monday, until 31 December 2026.
Loungers opens 250th site in Rochdale
(Sharecast News) - Hospitality operator Loungers announced the opening of its 250th site on Monday, with the Pionero Lounge in Rochdale being described as a milestone as it continued its expansion across the UK.
Team Internet flags record-breaking gross revenue
(Sharecast News) - Team Internet Group said in a trading update on Monday that it anticipated reporting record-breaking gross revenue of $835m for 2023, making for a 15% increase compared to the prior year.
Jefferies upgrades Intertek to 'buy'
(Sharecast News) - Jefferies upgraded testing, inspection and certification group Intertek on Monday to 'buy' from 'hold' and hiked the price target to 5,300p from 4,300p.
Accesso Technology describes year of solid growth
(Sharecast News) - Accesso Technology Group said in a trading update on Monday that, despite making significant investments in next-generation products, it anticipated achieving cash EBITDA in line with expectations for the full-year, with a margin of no less than 15%.
Cohort subsidiary wins £15.1m contract in Canada
(Sharecast News) - Cohort announced on Monday that its SEA subsidiary has secured a significant £15.1m contract for the production of its lightweight Torpedo Launch Systems (TLS), as part of a major naval vessel program.
Inchcape considering sale of UK retail business
(Sharecast News) - Inchcape confirmed on Monday that it is reviewing strategic options for its UK retail business, which could potentially include a sale, following approaches from a number of interested parties.
Big Technologies vows robust defence to Buddi acquisition allegations
(Sharecast News) - Big Technologies responded to fresh press speculation on Monday, as it grappled with a legal battle in response to claims made by former shareholders of Buddi.
Alliance Pharma expects no profit growth in 2024
(Sharecast News) - Consumer healthcare group Alliance Pharma has said that 2023 results will be in line with market expectations but said that profits are unlikely to grow this year due to increased investment in sales and marketing.
Safestay FY trading 'comfortably in line' with market expectations
(Sharecast News) - Safestay said on Monday that full-year trading was set to be "comfortably in line" with market expectations.
Conduit Holdings' 2023 income to beat forecasts
(Sharecast News) - Bermuda-based reinsurer Conduit Holdings Limited (CHL) has revealed that 2023 income will be ahead of market estimates due to a positive revaluation of investments.
Chill Brands, Supreme shares slide on disposable vape ban announcement
(Sharecast News) - The UK government announced a ban on disposable vapes overnight on Monday, as part of its efforts to combat the increasing trend of youth vaping and ensure children's wellbeing, sending shares in Chill Brands and Supreme southwards.
Outlook finally improving for IMI and Rotork, says Berenberg
(Sharecast News) - Berenberg has upgraded its rating for engineering group IMI from 'hold' to 'buy', but has named peer Rotork as its top pick in the sector.
RBC Capital downgrades B&Q and Castorama owner Kingfisher
(Sharecast News) - RBC Capital Markets downgraded B&Q and Castorama owner Kingfisher on Monday to 'sector perform' from 'outperform'.
Inspecs says 2023 performance 'below expectations'
(Sharecast News) - Eyewear manufacturer Inspecs on Monday warned fill-year results would be below expectations after softer trading conditions in December.
Air Astana set to raise $120m by floating in London and Kazakhstan
(Sharecast News) - Air Astana, the flag carrier of Kazakhstan part-owned by BAE Systems that is applying for a dual listing in London and Almaty next month, has set a price for its IPO which is expected raise gross proceeds of $120m.
Superdry working with advisers on cost-saving options
(Sharecast News) - Superdry said on Monday that it is working with advisers on cost-saving options.
Ryanair cuts full-year profit forecast
(Sharecast News) - Ryanair cut its full-year profit forecast on Monday as it posted a 93% decline in third-quarter net profit, as higher fuel costs offset revenue gains and after its flights were removed from online travel agents.
Hong Kong court orders liquidation of China property group Evergrande
(Sharecast News) - A Hong Kong court has ordered the liquidation of the world's most indebted company, embattled Chinese property developer Evergrande.
Tritax Big box flags solid year as demand recovers
(Sharecast News) - Tritax Big Box reported a resilient occupational market in a full-year update on Monday, recovering to pre-Covid levels, along with a stabilisation in investment yields.
GCP Infrastructure reports flat NAV in first quarter
(Sharecast News) - Closed-ended infrastructure investment company GCP Infrastructure reported on Monday that its portfolio value was more or less unchanged over its fiscal first quarter.
GSK gets EU approval to sell blood cancer treatment Omijara
(Sharecast News) - Biopharma giant GSK has been given the green light by European regulators to sell Omjjara, its treatment for patients with a rare type of blood cancer.
Ukraine court upholds claim against Ferrexpo
(Sharecast News) - Iron ore pellet producer Ferrexpo said a Ukraine's court of appeal has confirmed a claim against it for around $125m as part of the long-running court case against its largest shareholder.
Thruvision reports strong recent trading
(Sharecast News) - Walk-through security technology specialist Thruvision reported strong order flow in a trading update on Friday, across a number of geographic markets with both new and existing customers.
Coral Products warns on revenue after recent challenges
(Sharecast News) - Shares in plastic products manufacturer Coral Products were sliding on Friday, after it described a challenging trading period during December and January in an update.
Orosur reports progress through its second quarter
(Sharecast News) - Orosur Mining updated the market on its second quarter on Friday, reporting that in Colombia, exploration activities were scaled back as it primarily focussed on regulatory compliance work.
SkinBioTherapeutics finalises acquisition of Dermatronics
(Sharecast News) - SkinBioTherapeutics announced on Friday that it has finalised the acquisition of Dermatonics, known for its topical and dermatological products within the skincare and wound care sector.
Global Petroleum inks partnership with Cynergy East Med
(Sharecast News) - Global Petroleum announced a development in its efforts to explore energy opportunities in the East Mediterranean on Friday, as it entered into a partnership agreement with Cynergy East Med.
CT Automotive returns to profitability in 2023
(Sharecast News) - Automotive interior component designer, developer and supplier CT Automotive said in a trading update on Friday that it returned to profitability during the 2023 financial year.
Arkle Resources reports findings from Aughrim prospecting
(Sharecast News) - Arkle Resources announced significant findings from its recent prospecting activities in the Aughrim block in Ireland on Friday.
Serco shares fall on reported collapse of bid talks
(Sharecast News) - Shares in Serco fell on Friday after a report that American Industrial Partners (AIP) contacted the UK government contractor about a potential bid for the company.
American Express hails 'record' revenues, shares spark
(Sharecast News) - American Express forecast better-than-expected 2024 earnings on Friday, as its posted record full-year revenues.
Spirit Airlines tanks as JetBlue says merger may need to be terminated
(Sharecast News) - Spirit Airlines tanked on Friday after JetBlue said their merger deal might need to be terminated.
JPMorgan Cazenove cuts Tesco, Sainsbury's price targets
(Sharecast News) - Tesco and Sainsbury's were in the red on Friday after JPMorgan Cazenove cut its price targets on the shares, saying it remains cautious on the UK grocery space fundamentally, which based on its investor feedback "appears still to be a contrarian stance".
Shares in Remy Cointreau surge on better-than-expected update
(Sharecast News) - Shares in Remy Cointreau jumped on Friday, after the drinks group toasted better-than-expected trading in the third quarter.
Learning Technologies ends year in line with market consensus
(Sharecast News) - Digital learning and talent management specialist Learning Technologies Group said in an update on Friday that it anticipated group revenues from continuing operations for the year would be at least £560m, consistent with consensus expectations for the year.
Learning Technologies ends year in line with market consensus
(Sharecast News) - Digital learning and talent management specialist Learning Technologies Group said in an update on Friday that it anticipated group revenues from continuing operations for the year would be at least £560m, consistent with consensus expectations for the year.
Citi hikes target price for GSK but stays 'neutral'
(Sharecast News) - Shares in biopharma giant GSK were rising on Friday, helped by forecast upgrades from Citi, which raised its target price on the stock from 1,535p to 1,700p.
Elon Musk's xAI in talks to raise up to $6bn - report
(Sharecast News) - Elon Musk's xAI is reportedly in talks to raise up to $6bn, as the Tesla and X chief looks to global investors, including in Hong Kong, to finance his challenge to Microsoft-backed OpenAI.
Resilient demand for luxury goods boosts LVMH
(Sharecast News) - Shares in LVMH sparkled on Friday, after the world's biggest luxury goods firm posted stronger-than-expected sales and raised the dividend.
On The Beach reiterates full-year guidance on strong trading
(Sharecast News) - On The Beach Group said it was on track for a bumper year on Friday, despite the cost of living crisis, as customers prioritised holidays.
Car retailer Motorpoint warns on profits as sale prices drop
(Sharecast News) - Nearly new-car retailer Motorpoint issued a profit warning on Friday on the back of drops in used car values and reduced selling prices in the third quarter, as the company unveiled plans to buy back up to £5m of shares.
Competition watchdog probes Vodafone-Three merger
(Sharecast News) - The competition regulator has opened a formal investigation into the proposed £15bn merger between Vodafone Group and Three UK, it was confirmed on Friday.
Wickes expects profits at top end of expectations
(Sharecast News) - Shares in Wickes gained on Friday after the DIY and trade home improvement retailer said 2023 profits would be at the top end of market forecasts following a solid end to the financial year.
WH Smith sales boosted by travel segment
(Sharecast News) - WH Smith posted an 8% jump in total group revenues for the 20 weeks to 20 January 2024, as it hailed strong momentum in the travel business and struck an upbeat note on the outlook.
Superdry woes continue as H1 sales drop, CFO exits
(Sharecast News) - Superdry has reported a substantial reduction in group sales in the first half and said that there was no let up in the "challenging" trading conditions over Christmas as it painted a gloomy outlook for the full financial year.
3i Infrastructure ends third quarter slightly ahead of expectations
(Sharecast News) - Infrastructure investor 3i Infrastructure reported total income and non-income cash of £49m at the end of its third quarter on Friday, slightly ahead of expectations.
Paragon Banking on track after "encouraging" Q1
(Sharecast News) - Paragon Banking, the FTSE 250-listed mortgages, savings accounts and business finance provider, has delivered a confident outlook for the current financial year as it reiterated guidance following a solid first quarter.
Saga considering partnership arrangement for cruise business
(Sharecast News) - Saga said on Friday that is considering options for its cruse business, including a partnership arrangement.
Record reports solid growth in assets under management
(Sharecast News) - Currency and asset manager Record reported a significant increase in assets under management and earnings (AUME) in its third quarter on Friday, surging 17% to reach a total of $99.5bn.
FirstGroup buys York Pullman Bus Co for undisclosed sum
(Sharecast News) - FirstGroup on Friday signed a deal to buy York Pullman Bus Company for an undisclosed sum.
Microsoft to lay off 1,900 from its gaming division
(Sharecast News) - Microsoft is set to reduce its workforce in the gaming division by approximately 1,900 employees, it emerged on Thursday, according to an internal company memo reported by CNBC.
SigmaRoc set to top full-year expectations for 2023
(Sharecast News) - Lime and limestone specialist SigmaRoc said in an update on Thursday that it was set to surpass consensus expectations for 2023, with full-year revenues reaching around £580m - an 8% increase year-on-year, despite a 4% reduction in volumes.
Boeing shares tank as FAA halts MAX production expansion
(Sharecast News) - Shares in Boeing dropped on Thursday after the Federal Aviation Administration ordered the aerospace manufacturer to stop a production expansion of its 737 MAX model on the same day US airlines expressed anger at the company's recent quality failings.
Strix describes challenging year, appoints new finance chief
(Sharecast News) - Kettle safety and water technology company Strix Group said in a full-year trading update on Thursday that, despite facing persistent challenges stemming from the global economic and geopolitical landscape, it recorded adjusted profit after tax of £20.6m on a constant currency basis, and £20.1m on a reported basis for the full year.
Keywords Studios confident after year of revenue growth
(Sharecast News) - Video games creative agency Keywords Studios reported full-year revenue of €780m in a trading update on Thursday, reflecting 13% growth year-on-year and a 17% increase on a constant currency basis.
Mortgage Advise Bureau ends year slightly ahead of forecasts
(Sharecast News) - Mortgage Advice Bureau said in an update on Thursday that, despite its caution over activity levels and its annual outlook expressed in September, actual trading in the fourth quarter surpassed expectations, leading it to anticipate reporting an adjusted profit before tax slightly ahead of current market consensus.
CVS Group revenue jumps 11pc in first-half
(Sharecast News) - Veterinary service provider CVS Group reported a positive first half in a trading update on Thursday, with total group revenue jumping 11.4% year-on-year to £329.9m as like-for-like sales increased 6%.
Lloyds Banking Group to cut 1,600 jobs across branch network
(Sharecast News) - Lloyds Banking Group said on Thursday that it will cut around 1,600 jobs across branches as it continues to shift its focus to online banking.
Fevertree revenue grows despite UK, Australia difficulties
(Sharecast News) - Fevertree Drinks reported a 6% improvement in total revenue for 2023 on Thursday, reaching £364.4m.
Berenberg stays at 'sell' on Rolls Royce due to medium-term risks
(Sharecast News) - Analysts at Berenberg kept their recommendation for shares of engineer Rolls Royce at 'sell' following its analysis of current positioning in the company's shares among long-only and hedge fund investors.
Friday preview: US inflation data, UK consumer confidence in focus
(Sharecast News) - The financial market spotlight at the end of the week will be on the latest personal income and spending report for December due out in the States.
Conduit Re upbeat on January renewals performance
(Sharecast News) - Bermuda-based reinsurer Conduit Re reported 38% growth in estimated ultimate premiums written in an update on Thursday, which now stood at $582.4m, compared to $421.2m during the January 2023 renewals season.
RBC Capital lifts easyJet price target after Q1 update
(Sharecast News) - RBC Capital Markets hiked its price target on easyJet to 540p from 500p on Thursday and lifted estimates after the budget airline's first-quarter update a day earlier.
Capricorn reports strategic progress in 2023
(Sharecast News) - Capricorn Energy said in an update on Thursday that revenue for 2023 totalled $202m, driven by provisional entitlement sales volumes of 4.4 million barrels of oil equivalent, with 47% of those volumes coming from liquid products.
JPMorgan turns more positive on Direct Line and Admiral
(Sharecast News) - Shares in UK motor insurers Direct Line Group and Admiral were rising on Thursday after positive comments from JPMorgan, which said that a sector recovery is imminent and that investor concerns about regulatory intervention are overdone.
Fuller's backs FY expectations after 'particularly strong' festive sales
(Sharecast News) - Pub chain Fuller, Smith & Turner backed its full-year expectations on Thursday as it hailed "particularly strong" sales over Christmas and the new year.
Elementis surges as PE firm KPS said to have explored takeover offer
(Sharecast News) - Elementis surged on Thursday following a report that KPS Capital Partners recently explored a bid for the specialty chemicals firm.
Foxtons beats expectations for revenue, operating profit
(Sharecast News) - Foxtons Group announced in a trading update on Thursday that it surpassed market expectations in 2023, with total revenue rising 5% year-on-year to £147m.
Intermediate Capital hits fundraising target early as AUM grows in Q3
(Sharecast News) - The share price of Intermediate Capital Group jumped on Thursday after the private equity investment firm reported a solid increase in fee-earnings assets under management (AUM) in its third quarter and reported that it had surpassed its medium-term fundraising targets early.
Greencore holds guidance despite Q1 revenue fall
(Sharecast News) - Food supplier Greencore said it was in track to meet market expectations for the financial year, despite a fall in first-quarter sales.
Workspace Group CEO to retire this year
(Sharecast News) - The chief executive Workspace Group has announced his intention to retire on Thursday after 16 years with the London-focused office provider, as the company reported higher rent rolls and pricing during its third quarter.
Liontrust Asset Management seeking new chairman - report
(Sharecast News) - Liontrust Asset Management has reportedly embarked on a search for a new chairman months after it was forced to end its pursuit of rival GAM amid disquiet among shareholders.
Halfords Christmas sales slump as customers hit the brakes
(Sharecast News) - UK car parts and bike retailer Halfords on Thursday reported weaker-than-expected third-quarter sales, driven by a poor Christmas as customers reined in discretionary spending amid the cost-of-living crisis.
IG Group interim revenues fall amid softer market conditions
(Sharecast News) - Online trading platform IG Group reported a drop in interim revenues and profits on Thursday, citing "softer market conditions" and a strong comparative period.
RS Group Q3 sales fall on weaker-than-expected markets
(Sharecast News) - Industrial parts distributor RS Group reported a 10% fall in third-quarter like-for-like sales on weaker-than-expected markets and slower unwinding of customer surplus inventory particularly in electronics and associated products.
Wizz Air shares slip as airline forecasts flat capacity
(Sharecast News) - Shares in Wizz Air fell on Thursday after the low-cost airline said it expects capacity - as measured by available seat kilometres (ASK) - to be flat next financial year.
Britvic hails 'strong' Christmas trading, Q1 revenues jump
(Sharecast News) - Drinks company Britvic hailed a positive start to the year on Thursday as it posted a jump in first-quarter revenues.
St James's Place inflows narrow despite record funds under management
(Sharecast News) - St James's Place reported gross inflows for 2023 of £15.39bn on Thursday, down from £17.03bn in 2022.
PPHE in profit upgrade as occupancy rates continue to recover
(Sharecast News) - Hotel owner and developer PPHE on Thursday lifted full-year guidance as trading momentum towards the end of the year and into 2024 remained positive.
Revenue declines as expected at Treatt
(Sharecast News) - Food and beverage ingredients specialist Treatt said in an update on Thursday that during the first quarter, it experienced a year-on-year decline in revenue, in line with expectations.
Dr Martens shares up as guidance held despite Q3 sales slump
(Sharecast News) - Shares in Dr Martens surged on Thursday as investors breathed a sigh of relief that the UK bootmaker held full year guidance after third-quarter revenues slumped by a fifth, driven by a poor performance in the US and from its wholesale channel.
Xtract planning disposal of Manica Gold Project
(Sharecast News) - Xtract Resources announced plans to dispose of the Manica Gold Project on Wednesday, reporting that it had entered into conditional agreements with its Mozambique partner MMP and related parties.
Impellam confirms special cash dividend as part of its acquisition
(Sharecast News) - Impellam Group confirmed a special cash dividend on Wednesday, as part of its recommended cash acquisition by Heather Global.
AB Dynamics reports record-breaking 2023 results
(Sharecast News) - Transport testing, simulation and measurement specialist AB Dynamics reported record-breaking results for 2023 on Wednesday, with revenue reaching £100.8m, representing a 21% increase.
Fonix hikes expectations after strong first half
(Sharecast News) - Mobile payments and messaging technology company Fonix Mobile reported a strong financial and operational performance in a trading update on Wednesday, surpassing management's expectations for the first half.
Fonix hikes expectations after strong first half
(Sharecast News) - Mobile payments and messaging technology company Fonix Mobile reported a strong financial and operational performance in a trading update on Wednesday, surpassing management's expectations for the first half.
Equals extends deadline again for talks with Madison Dearborn Partners
(Sharecast News) - Equals Group updated the market on its ongoing strategic review on Wednesday, announcing an extension of the 'put up or shut up' (PUSU) deadline as part of its offer period.
Billionaire banker Jaime Gilinski Bacal joins Metro Bank's board
(Sharecast News) - Metro Bank has appointed Colombian billionaire banker and real estate developer Jaime Gilinski Bacal to its board after his firm became a controlling shareholder in the bank last year.
JPMorgan puts Haleon on negative catalyst watch
(Sharecast News) - JPMorgan has placed consumer health company Haleon on negative catalyst watch ahead of its annual report next month, saying volume and earnings risks will weigh on the stock's rating.
DuPont sinks as Q1 outlook disappoints
(Sharecast News) - DuPont shares sank in pre-market trade on Wednesday after the company's outlook for the first quarter fell short of analysts' expectations, as it pointed to destocking and weak demand in China.
Puma shares drop as FX movements hit Q4 sales
(Sharecast News) - Shares in Puma dropped sharply on Wednesday after the German sports apparel group reported a drop in fourth-quarter sales which it put down to a weakening Argentinian peso.
PayPoint on track after 'positive' quarter
(Sharecast News) - PayPoint reiterated its full-year outlook on Wednesday, after the payments specialist reported a "positive" end to 2023.
Thursday preview: ECB, Tesla in the spotlight
(Sharecast News) - The market spotlight on Thursday will be on the results European Central Bank's policy meeting in Frankfurt.
Yellow Cake value tops $2bn after strong fourth quarter
(Sharecast News) - Uranium investor Yellow Cake reported a robust performance for the December quarter on Wednesday, as its value reached and surpassed the $2bn level.
Lords Group revenue rises, earnings slip in volatile market
(Sharecast News) - Building materials distributor Lords Group said in a trading update on Wednesday that despite ongoing subdued trading conditions, it progressed its growth strategy in 2023.
Next15 says trading robust, approves new share purchases
(Sharecast News) - Next Fifteen Group told investors that results for the financial year were seen coming in as expected.
Royal Mail could cut deliveries to three per week - Ofcom
(Sharecast News) - Ofcom has called for an overhaul of the UK's postal service, including potentially cutting deliveries to just three days a week.
Avon Protection gets $14.2m helmet order from US defence agency
(Sharecast News) - Avon Protection confirmed a new delivery order on Wednesday, valued at $14.2m, from the US Defense Logistics Agency.
Numis starts Greggs at 'hold', says growth is 'baked in'
(Sharecast News) - Numis initiated coverage of Greggs on Wednesday with a 'hold' rating and 2,560p price target as it said growth was "baked in".
Woodside upbeat after record year of production
(Sharecast News) - Woodside Energy reported record full-year production on Wednesday, of 187.2 million barrels of oil equivalent, exceeding the top end of its production guidance range of 183 million to 188 million barrels.
UK services sector picks up in January, Red Sea crisis dents manufacturing
(Sharecast News) - Activity in the UK services sector picked up in January, but the Red Sea crisis hit manufacturing supply chains, according to a survey released on Wednesday.
Zoo Digital shares tank as Hollywood strikes delay projects
(Sharecast News) - The share price of Zoo Digital plummeted on Wednesday after the AIM-listed media tech group delivered a profit warning as a result of delayed customer orders in the aftermath of the writers' and actors' strikes in Hollywood last year.
Ceres Power shares slide on China talks, delay to royalties
(Sharecast News) - Shares in Ceres Power were sliding on Wednesday, after it announced the failure of joint venture talks in China in 2023 in a trading update, as well as delays to expected royalties from its fuel cell systems.
Quilter reports strong rise in inflows in fourth quarter
(Sharecast News) - Shares in Quilter rose on Wednesday after the advice, investments and wealth management group reported a rebound in net flows in the fourth quarter.
Hochschild surges as 2023 output hits top end of guidance
(Sharecast News) - Hochschild Mining shares surged on Wednesday as the miner held annual guidance and 2023 production came in at the top of its target range, although full-year gold and silver output was lower than the prior year.
Revolution Bars warns on profits, shares slide
(Sharecast News) - Revolution Bars issued a profit warning on Wednesday despite strong trading over the festive period, pinning the blame on several factors, including train strikes and the expense of Christmas.
Tullow shares gush as Jubilee startup provides cash flow boost
(Sharecast News) - Shares in Tullow Oil soared on Wednesday after the independent oil and gas explorer said the start-up of the Jubilee South East operation off Ghana helped to drive production and lifted 2023 cash flow ahead of expectations.
TI Fluid Systems sees FY results 'slightly ahead' of expectations
(Sharecast News) - TI Fluid Systems said on Wednesday that full-year results were set to be "slightly ahead" of expectations after a continued strong performance in the fourth quarter.
Computacenter mulling shareholder returns after strong 2023
(Sharecast News) - Tech sourcing, consultancy and services group Computacenter expects to report record profits for 2023 with cash generation ahead of guidance, and said it is considering whether to use the surplus capital for shareholder payouts or acquisitions.
Rio Tinto agrees power deal with Australia's largest solar farm
(Sharecast News) - Mining giant Rio Tinto said it had agreed to buy electricity from the Upper Calliope solar farm in the state of Queensland to power its Gladstone aluminium operations for 25 years.
Fresnillo silver production stable in fourth quarter
(Sharecast News) - Mining firm Fresnillo reported a 0.9% increase in fourth quarter silver production on Wednesday, to 13,548 kiloounces (koz).
Wetherspoons cheers rise in first-half sales
(Sharecast News) - Pub chain Wetherspoons held annual guidance as it reported rise in first-half underlying sales.
Diversified Energy hits back after short seller attack
(Sharecast News) - Diversified Energy hit back on Wednesday after activist investor Snowcap Research said the company may not have enough funds to cover the costs of plugging its inactive wells and that a dividend cut was imminent, sending its shares tumbling.
Abrdn unveils 500 job cuts in new cost-saving plan
(Sharecast News) - Asset manager Abrdn announced it is cutting 500 roles across the group as part of a new cost-cutting initiative to save £150m by the end of 2025, as it reported net outflows of over £12m in the second half.
EasyJet sees H1 losses narrowing despite £40m hit from MEast war
(Sharecast News) - Budget airline easyJet said it had taken a £40m hit from the Middle-East conflict, but said it expected first-half losses to narrow and reported positive booking momentum for the summer.
Diversified Energy tumbles as Snowcap says dividend cut looks imminent
(Sharecast News) - Diversified Energy tumbled on Tuesday after Snowcap Research said the company may not have enough funds to cover the cost of plugging its inactive wells and that a dividend cut looks imminent.
Wednesday preview: Global PMIs, EasyJet in focus
(Sharecast News) - The market spotlight on Wednesday was expected to be on preliminary results for a raft of closely-followed economic surveys on either side of the Atlantic.
Berenberg downgrades Victrex to 'hold' from 'buy'
(Sharecast News) - Berenberg downgraded Victrex on Tuesday to 'hold' from 'buy' as it said the company's performance in industrial-exposed sectors could remain subdued for longer than it previously expected.
B&M chairman Peter Bamford to retire
(Sharecast News) - B&M European Value Retail said on Tuesday that chairman Peter Bamford plans to retire this year.
3M forecasts underwhelm, shares fall
(Sharecast News) - Shares in 3M came under pressure on Tuesday, after the industrial conglomerate forecast full-year profits and sales below analyst expectations.
Johnson & Johnson reports robust quarter, but full-year earnings slip
(Sharecast News) - Johnson & Johnson reported robust growth in sales and earnings in its fourth quarter numbers on Tuesday, with sales rising 7.3% year-on-year to $21.4bn.
GE Q4 beats estimates ahead of split, but outlook hits shares
(Sharecast News) - General Electric topped fourth-quarter earnings estimates but downbeat guidance for the three months of the current year sent shares in the jet engine maker lower.
Sales and profits slide at Ericsson
(Sharecast News) - Sweden's Ericsson reported a slide in quarterly profits and sales on Tuesday, as wary customers cut back on spending.
Abrdn planning to axe hundreds of jobs in cost-cutting drive - report
(Sharecast News) - Fund manager Abrdn is reportedly preparing to axe hundreds of jobs in a cost-cutting drive aimed at boosting its flagging performance.
Ryanair lands first deal with online travel agent
(Sharecast News) - Ryanair Holdings said on Tuesday that it has signed a deal with Loveholidays, despite branding online travel agents "pirates".
Hipgnosis investment manager refuses to drop controversial call option
(Sharecast News) - The investment advisor to Hipgnosis Songs Fund has refused to drop a controversial call option, the troubled music rights owner confirmed on Tuesday.
Sanofi to take on lead Inhibrx candidate in $2.2bn deal
(Sharecast News) - Inhibrx announced an agreement with Sanofi on Tuesday, under which Sanofi subsidiary Aventis will acquire all assets and liabilities associated with INBRX-101, a recombinant alpha-1 antitrypsin (AAT) augmentation therapy currently being trialled for alpha-1 antitrypsin deficiency (AATD) treatment.
Quiz Christmas sales drop 11% as inflationary pressures dent demand
(Sharecast News) - Fast-fashion retailer Quiz reported a drop in sales over the Christmas period on Tuesday as it said inflationary pressures were denting consumer demand.
Revenue rises but profit falls for Staffline
(Sharecast News) - Recruitment and training company Staffline Group reported 2023 revenue of £938.2m in an update on Tuesday, up 1.1% year-on-year, with gross profit at £80.8m, which was down 2.1%.
Watkin Jones swings to loss amid uncertain market
(Sharecast News) - Residential developer Watkin Jones reported full-year revenue of £413.2m on Tuesday, marking a 1.5% increase year-on-year.
Henry Boot warns 2024 performance will miss current consensus
(Sharecast News) - Land, property and construction company Henry Boot reported a mixed full-year performance in an update on Tuesday, with profit before tax for 2023 set to align with market consensus, although its outlook for 2024 was much less optimistic.
H&T reports robust fourth quarter, disappointing full year
(Sharecast News) - Pawnbroker and jewellery retailer H&T Group reported a robust fourth-quarter performance in an update on Tuesday, projecting a record profit increase of 40% year-on-year.
Everyman delivers bullish 2024 outlook after strong FY growth
(Sharecast News) - Shares in Everyman Media Group jumped on Tuesday after the upmarket cinema chain delivered double-digit growth in both revenues and profits last year and pointed to an "improving film slate" in 2024.
Boohoo appoints Stephen Morana as CFO as McCabe steps down
(Sharecast News) - Boohoo said on Tuesday that trading remains in line with market expectations as it announced the departure of chief financial officer Shaun McCabe "by mutual agreement" and with immediate effect.
Marston's reports solid holiday sales growth
(Sharecast News) - Pub operator Marston's said in an update on Tuesday that total retail sales in both its managed and franchised pubs rose 8.8% year-on-year in the 16 weeks to 20 January.
JPMorgan reiterates 'overweight' rating on Prudential
(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Prudential on Tuesday as it said concerns about the stock reflect fear rather than fundamentals.
Chapel Down reports strong year for English sparkling wine
(Sharecast News) - Winemaker Chapel Down saw a slowdown in revenue growth in the second half of 2023 but said that English sparkling wine outperformed the Champagne market over the year.
PPHE to open its third Radisson hotel in Berlin
(Sharecast News) - PPHE Hotel Group announced the signing of its third hotel as part of its extended partnership with Radisson Hotel Group on Tuesday, with the Radisson RED Berlin Kudamm set to open in late spring.
Crest Nicholson FY profits slump amid tough market; CEO to retire
(Sharecast News) - UK housebuilder Crest Nicholson posted a bigger-than-expected fall in annual profits but said it was encouraged by an increase in customer inquiries as borrowing costs fell, while chief executive Peter Truscott announced he was stepping down to be replaced by Persimmon chief commercial officer Martyn Clark.
Vistry's Countryside chosen for big Colindale development
(Sharecast News) - Vistry Group announced on Tuesday that its Countryside Partnerships subsidiary has been chosen as the preferred developer by the Greater London Authority (GLA) and the Mayor's Office for Policing and Crime (MOPAC) to undertake a significant housing project in Colindale, Barnet.
Great Portland upbeat on recent leasing performance
(Sharecast News) - Great Portland Estates said in an update on Tuesday that during the nine months to 31 December, it signed leases totalling £16.1m, exceeding the estimated rental value (ERV) from last March by 10.4%.
Premier Foods hails strong festive trading as sales jump 14%
(Sharecast News) - Premier Foods, the food manufacturer behind brands like Mr Kipling, Bisto and Ambrosia, said it is on track to hit profit forecasts this year after a solid third quarter with double-digit sales growth across the group.
Primark Christmas sales up 2.1% despite warmer weather
(Sharecast News) - Sales at clothing retailer Primark grew 2.1% on a like-for-like basis over the Christmas period despite warmer weather, parent company Associated British Foods said on Tuesday, adding that it did not expect supply disruptions from attacks on commercial shipping in the Red Sea.
Tuesday preview: BoJ, ABF in the spotlight
(Sharecast News) - Tuesday's market spotlight will be on the Bank of Japan.
Thames Water reshuffling debt load - report
(Sharecast News) - Troubled utility Thames Water is reportedly reshuffling its debt load in an attempt to give it more time to stabilise its finances.
US expansion driving growth for Kooth
(Sharecast News) - Digital mental health service provider Kooth said in a trading update on Monday that it anticipated its 2023 revenue to reach £33.3m, representing year-on-year growth of around 65%.
Reorganised Maintel flags improved full-year revenue, earnings
(Sharecast News) - Cloud, network, and security managed communications provider Maintel said in a full-year update on Monday that its strategic efforts and business reorganisation had yielded positive results, positioning it for growth in the coming year.
Getech sells vacant part of head office for £0.65m
(Sharecast News) - Geotechnical specialist Getech announced the partial sale of its head office on Monday, after consolidating its operations during the Covid-19 pandemic.
Vast inks PGM marketing deal with Swiss investment firm
(Sharecast News) - Mining company Vast Resources announced a three-year marketing agreement with a Swiss investment firm on Monday, for the exclusive distribution of high-grade platinum group metal (PGM) concentrates produced within the EU.
Eden Research revenue set to beat market expectations
(Sharecast News) - Biopesticide specialist Eden Research said in a trading update on Monday that it expected a 72% increase in full-year revenue for 2023, to £3.1m, surpassing market expectations by £0.3m.
ADM suspends finance chief, lowers earnings outlook
(Sharecast News) - American agricultural trader Archer-Daniels-Midland (ADM) put its chief financial officer Vikram Luthar on administrative leave overnight, lowering its earnings outlook as it investigated its accounting practices.
Sunoco to buy NuStar Energy in $7.3bn deal
(Sharecast News) - US gas station owner Sunoco said on Monday that it has agreed to buy independent liquids terminal and pipeline operator NuStar Energy in a $7.3bn all-share deal.
Credit Agricole takes 7% stake in payments firm Worldline
(Sharecast News) - Credit Agricole said on Monday that it has bought a stake of around 7% in French payments group and joint venture partner Worldline.
Begbies Traynor warns of worsening debt crisis for UK businesses
(Sharecast News) - Business recovery specialist Begbies Traynor warned in its latest 'Red Flag Alert' on Monday, that UK businesses were grappling with a significant rise in critical financial distress, surging by 25.9% in the fourth quarter of 2023 compared to the prior quarter.
Brickability acquires Topek Southern in £48m deal
(Sharecast News) - Brickability Group announced the completed acquisition of Topek Southern (TSL) up to £48m on Monday.
Trifast warns on full-year results, shares tank
(Sharecast News) - Trifast tanked on Monday as it warned that full-year results would be "significantly" below its previous expectations, pointing to low visibility and volatile demand.
Citi upgrades Segro to 'buy' from 'neutral'
(Sharecast News) - Citi upgraded Segro on Monday to 'buy' from 'neutral', saying it estimates that as rates decline, the risk to its previous estimates of deep recession rent declines reverses and it now expects growth.
FDJ makes €2.6bn offer for Kindred Group
(Sharecast News) - French gambling company La Francaise des Jeux on Monday launched a €2.6bn takeover bid for Sweden's Kindred Group.
Benchmark Holdings puts itself up for sale, shares jump
(Sharecast News) - Shares in Benchmark Holdings jumped on Monday after the UK-listed aquaculture services group kickstarted a formal sales process
S4 Capital says Q4 trading line
(Sharecast News) - S4 Capital said on Monday that trading in the fourth quarter was in line with the expectations outlined in November and that client caution on marketing spend was expected to persist.
Pan African reports increased first-half gold production
(Sharecast News) - Pan African released a production update for the first half of its financial year on Monday, reporting an improved safety performance, increased gold production, and progress on the Mogale Tailings Retreatment (MTR) Project.
CMC Markets' share-price rally isn't done yet, says RBC
(Sharecast News) - RBC Capital Markets said it sees further upside at CMC Markets despite a near-50% jump in the stock over the past two months following a positive trading update from the online trading company.
Virgin Wines reports solid first-half improvement
(Sharecast News) - Virgin Wines UK said in a trading update on Monday that, despite a challenging economic environment, it saw year-on-year revenue growth in its first half, as well as increased profitability, strong cash generation, and improved operational efficiency.
Oxford Nanopore appoints new CFO
(Sharecast News) - Oxford Nanopore Technologies has appointed Nick Keher, a finance veteran in the life sciences sector, as its new chief financial officer, the DNA/RNA sequencing tech firm announced on Monday.
Caterer Compass Group to buy buy rival CH&CO in £475m deal
(Sharecast News) - Caterer Compass Group confirmed on Monday that it has agreed to buy rival CH&CO in a £475m deal.
Alphawave reports record bookings in fourth quarter
(Sharecast News) - Alphawave IP Group reported record quarterly bookings of $128.7m in its fourth quarter on Monday, marking a 36% increase compared to the same period in the prior year.
HG Capital offloads Argus Media stake for £52m
(Sharecast News) - Private equity group HgCapital on Monday said it had offloaded its stake in oil pricing data publisher Argus Media, allowing chief executive Adrian Binks to take a majority stake in the firm.
Barclays downgrades Sage Group to 'underweight'
(Sharecast News) - Barclays downgraded Sage Group on Monday to 'underweight' from 'equalweight' and cut the price target to 985p from 1,050p.
China banks leave key lending rate unchanged, following PBoC
(Sharecast News) - Chinese commercial lenders held benchmark lending rates steady, in line with the country's central bank decision to leave key policy rates unchanged.
Bodycote to start $60m share buyback programme in March
(Sharecast News) - Thermal processing specialist Bodycote said it would start a $60m share buyback programme after spending less than planned on acquisitions.
Kaman to be taken private by Arcline in $1.8bn deal
(Sharecast News) - Aerospace parts manufacturer Kaman said on Friday that it has agreed to be taken private by Arcline Investment Management in a $1.8bn deal.
Wayfair to cut 13% of workforce, shares surge
(Sharecast News) - Wayfair surged on Friday as the online home retailer announced plans to cut around 13% of its global workforce in a bid to save more than $280m.
Tata Steel to axe up to 2,800 UK jobs
(Sharecast News) - Tata Steel is to axe 2,800 jobs across the UK as part of a major restructuring of its British operations, it was confirmed on Friday.
Deltic reports latest findings from Pensacola Discovery
(Sharecast News) - Natural resources investor Deltic Energy reported on the findings of a competent person's report (CPR) for the Pensacola Discovery on Friday.
Prospex reports progress at Selva well site
(Sharecast News) - Prospex Energy updated the markets on operations at the Podere Maiar-1 (PM-1) well site in the Selva field on Friday.
N4 Pharma's Nuvec granted patent in India
(Sharecast News) - N4 Pharma, a pharmaceutical company developing the cancer vaccine delivery system Nuvec, announced on Friday that it has received confirmation from the University of Queensland regarding the granting of its patent for Nuvec in India.
Anglesey announces promising Parys Mountain assays
(Sharecast News) - Anglesey announced promising assay results from its recent drilling project at the Parys Mountain project on the Isle of Anglesey in north west Wales on Friday.
Versarien raises £0.4m to progress growing pipeline
(Sharecast News) - Advanced materials engineer Versarien has raised £0.4m, it announced on Friday, to help it with its growing pipeline of opportunities.
US existing home sales drop to lowest level since 1995 - NAR
(Sharecast News) - US existing home sales fell in December to the lowest level since 1995, according to data released on Friday by the National Association of Realtors.
Avacta appoints new head of research and development
(Sharecast News) - Oncology drugs and diagnostics developer Avacta announced the appointment of Dr Christina Coughlin as its new head of research and development for the therapeutics division on Friday.
MP Evans posts strong growth in crops, production
(Sharecast News) - Indonesian palm oil producer MP Evans Group reported growth in its crop and production figures for 2023 on Friday, with a 2% rise in its own crops of fresh fruit bunches to 922,900 tonnes.
Abrdn Property Income Trust agrees merger with Custodian Property Income
(Sharecast News) - Abrdn Property Income Trust (API) announced a recommended all-share merger agreement with Custodian Property Income REIT (CREI) on Friday.
Focusrite flags ongoing challenges in content creation market
(Sharecast News) - Music and audio technology company Focusrite said in a trading update on Friday that its content creation division encountered ongoing market challenges during the first four months of the financial year, particularly in Asia and among traditional 'bricks and mortar' resellers in the Europe, Middle East and Africa (EMEA) region.
Morgan Stanley double upgrades Persimmon to 'overweight'
(Sharecast News) - Morgan Stanley upgraded its stance on Persimmon on Friday as it took a look at the UK housebuilding sector.
JP Morgan backs Legal & General, Just Group
(Sharecast News) - JP Morgan has reiterated its ratings on Legal & General Group and Just Group in its latest review of the UK life insurance sector.
Big Technologies ends 2023 in line with expectations
(Sharecast News) - Remote people monitoring technology company Big Technologies said in a trading update on Friday that its performance in 2023 was in line with expectations, with revenue set to reach £55m, up from £50.2m in 2022.
RBC still sees significant upside at Hays despite Q2 weakness
(Sharecast News) - RBC Capital Markets has trimmed its target price for recruitment firm Hays after last week's profit warning, but maintained an 'outperform' rating on the back of significant upside potential.
Annual profits miss targets at BASF
(Sharecast News) - German chemical giant BASF Group reported annual sales and earnings well below analyst expectations on Friday.
DFS trims sales target but holds on to profit guidance
(Sharecast News) - Furniture retailer DFS has held on to full-year profit guidance despite a slight drop in first-half orders, as gains in market share and cost management has mitigated "challenging" trading conditions.
Wincanton to be taken private by Ceva Logistics in £566.9m deal
(Sharecast News) - Logistics company Wincanton said on Friday that it has agreed to be taken private by Ceva Logistics, a subsidiary of French shipping firm CMA CGM, in a £566.9m deal.
Sacked Endeavour Mining CEO loses out $29m in bonuses and share awards
(Sharecast News) - Sébastien de Montessus, the former chief executive of Endeavour Mining who was abruptly sacked earlier this month for serious misconduct, is to miss out of $17.6m in bonuses and share awards, the FTSE 100 miner announced late on Thursday.
Petershill Partners posts solid rise in assets under management
(Sharecast News) - Petershill Partners reported a significant increase in its gross fee-eligible assets under management for 2023 on Friday, for a total of $23bn, in line with its guidance.
4imprint shares surge on earnings forecasts upgrade
(Sharecast News) - Shares in 4imprint Group surged on Friday as the promotional merchandise maker said it expected annual earnings to be slightly above forecasts after a strong trading performance during 2023.
Niox Group flags solid revenue jump in 2023
(Sharecast News) - Medical device company Niox Group said in a trading update on Thursday that it experienced substantial revenue growth in 2023, with a reported increase of 18% to £36.8m.
Franchise Brands reports solid progress at recent acquisitions
(Sharecast News) - Franchise Brands said in an update on Thursday that, since the acquisition of Pirtek Europe in April, it had expanded its presence to over 625 franchisees operating across seven brands in ten countries, including the UK, continental Europe and North America.
Kistos set to benefit from Victory Gas Field approval
(Sharecast News) - Kistos, a joint venture partner in the Greater Lag