Skip Header

Sector review

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

Aptamer enters partnership with Microsaic Systems
(Sharecast News) - Aptamer Group announced a partnership with Microsaic Systems on Friday, to develop a panel of Optimer binders for integration into Microsaic's water testing system.
CMA clears Pennon's Sutton & East Surrey Water and South West merger
(Sharecast News) - Water utility company Pennon has received the green light from the UK's competition watchdog for the proposed merger of Sutton & East Surrey Water and South West.
CPPGroup offloads legacy Italy operations
(Sharecast News) - CPPGroup, a provider of real-time, digitally delivered assistance products, announced the disposal of its legacy operations in Italy on Friday.
Raspberry Pi shares jump as retail investors join the fray
(Sharecast News) - Budget computer maker Raspberry Pi saw a significant jump in its shares on Friday morning, as retail investors began trading its stock.
Vodafone looking to offload Indus Towers stake - report
(Sharecast News) - Vodafone Group is reportedly looking to sell its whole $2.3bn stake in India's Indus Towers through stock market block deals next week.
Regulator launches formal probe into Barratt-Redrow tie-up
(Sharecast News) - The competition watchdog has launched an official investigation into the proposed £2.5bn takeover of house builder Redrow by Barratt Developments, it was confirmed on Friday.
Corero inks three-year deal as product wins award
(Sharecast News) - Corero Network Security announced a new three-year partnership with US-based A2 Hosting, a provider of high-performance hosting solutions, on Friday.
Acuity RM appoints new finance director
(Sharecast News) - Governance, risk and compliance software specialist Acuity RM Group announced the appointment of Katherine Buchan ACA as its finance director on Friday, effective immediately.
Tissue Regenix purchases building at Texas site
(Sharecast News) - Medical technology company Tissue Regenix has purchased the building it currently leases at its facility in Universal City, Texas.
Physiomics re-engages with DoseMe for personalised dosing software
(Sharecast News) - Physiomics, a mathematical modelling and data science specialist focussed on therapeutics and personalised medicine, has re-engaged with DoseMe to implement its personalised dosing software on the 'DoseMeRx' platform, it announced on Friday.
Renalytix test gets US Medicare coverage determination
(Sharecast News) - Renalytix announced on Friday that Medicare has issued a final local coverage determination (LCD) for its 'kidneyintelX.dkd' testing.
Berenberg raises target price on Halma following 'good' FY results
(Sharecast News) - Analysts at Berenberg hiked their target price on safety equipment business Halma from 2,295.0p to 2,450.0p on Friday following the group's full-year earnings report a day earlier.
Bradda Head reports promising results from Basin Project drilling
(Sharecast News) - North America-focussed Bradda Head Lithium reported promising geochemical results from its drilling programme at the Basin Project in Arizona on Friday.
Keywords Studios extends deadline for offer from EQT
(Sharecast News) - Keywords Studios announced an extension to the deadline for a possible cash offer from a fund within the EQT Group on Friday.
Pantheon International appoints new portfolio manager
(Sharecast News) - Pantheon International announced the appointment of Charlotte Morris as its co-lead portfolio manager on Friday.
Germany calls on EU to soften China tariffs - report
(Sharecast News) - Germany is lobbying the European Union to soften or even scrap a proposed tariff hike on Chinese-made electric vehicles, it was reported on Friday.
MP Evans processed crops volumes increase, crude production rises
(Sharecast News) - Palm oil producer MP Evans said on Friday that both processed crops and crude production had risen across the first five months of the year.
RBC Capital Markets starts Genuit at 'sector perform'
(Sharecast News) - RBC Capital Markets initiated coverage of Genuit on Friday with a 'sector perform' rating and 515p price target.
Harworth gets planning permission for Leeds brownfield site
(Sharecast News) - Harworth Group has secured planning permission from the North Yorkshire Council for a major industrial and logistics hub, it announced on Friday, at its 185-acre Gascoigne Interchange site in Leeds.
Bank of Japan holds rates, remains cautious on unwinding
(Sharecast News) - The Bank of Japan kept lending rates on hold in its latest decision overnight on Friday, and announced plans to reduce its substantial bond purchases, with detailed tapering plans set to be released at its July meeting.
Crest Nicholson rejects two takeover proposals from Bellway
(Sharecast News) - Crest Nicholson confirmed on Friday that it had rejected two, unsolicited takeover approaches from Bellway, the latest valuing the group at about £650m.
Tesco CEO's £10m pay package overshadows Q1 sales jump
(Sharecast News) - British supermarket chain Tesco on Friday held annual guidance after reporting a 4.6% jump in UK first-quarter sales, but the £10m pay packet for company boss Ken Murphy was the only number in focus.
Serabi Gold on track to meet production guidance
(Sharecast News) - Brazil-focused gold miner Serabi Gold has reiterated full-year production targets after an acceleration of activity at its Coringa project as the production ramp-up continues.
Christie Group reports more favourable trading environment
(Sharecast News) - Professional services provider Christie Group reported a more favourable trading environment for its transactional brokerage business in an update on Thursday, compared to the first half of 2023.
Friday preview: US consumer confidence, import prices in focus
(Sharecast News) - The market spotlight at the end of the week will continue to be firmly on the US and the latest inflation numbers for that economy.
R&Q Insurance mulling liquidation to complete Accredited sale process
(Sharecast News) - R&Q Insurance has said that it is considering a provisional liquidation as it pushes forward to complete a sale of its program management business, Accredited, to Onex Corporation - causing shares to plummet on Thursday.
Ariana Resources upbeat on revised Dokwe mineral resources
(Sharecast News) - Ariana Resources, an AIM-listed mineral exploration and development company with interests in gold projects across Africa and Europe, reported a revised mineral resource estimate (MRE) for its Dokwe North and Dokwe Central projects in Zimbabwe on Thursday.
Orcadian secures £1.15m loan with industry partner
(Sharecast News) - Orcadian Energy announced the finalisation of a secured long-term loan agreement with an industry partner on Thursday.
China calls on EU to scrap EV tariffs
(Sharecast News) - Beijing has urged the European Union to abandon newly-announced tariffs on Chinese electric vehicles, accusing it of "politicising" trade.
ADM Energy reports improvements at JKT facility
(Sharecast News) - Natural resources investing company ADM Energy updated the market on Thursday on operations at its oil reclamation business, JKT Reclamation, in which it holds a 30.6% economic interest.
Petards reports lower annual profits, cautious outlook
(Sharecast News) - Security and surveillance systems group Petards reported a big drop in earnings for 2023 and gave a cautious outlook for the current year, causing shares to drop sharply on Thursday.
Norcros revenue falls, operating profit rises
(Sharecast News) - Bathroom and kitchen products supplier Norcros reported revenue of £392.1m in its full-year results on Thursday - a decrease of 11.1% from the prior year, or 6% on a constant currency like-for-like basis.
Palace Capital announces £22m tender offer
(Sharecast News) - Palace Capital announced a proposed return of capital to shareholders on Thursday, by way of a tender offer.
PensionBee reaches £5bn in assets under administration
(Sharecast News) - Online pension provider PensionBee Group announced significant milestones in an update on Thursday.
Custodian Property posts robust set of full-year results
(Sharecast News) - Custodian Property Income REIT reported a robust full-year performance in its final results on Thursday, with EPRA earnings per share growing 3.6% to 5.8p, up from 5.6p in the prior year.
Kingfisher completes second tranche of £300m buyback
(Sharecast News) - Kingfisher announced the completion of the second tranche of its £300m share buyback programme on Thursday, which it initially announced on 19 September last year.
PayPoint earnings rise as it announces share buyback
(Sharecast News) - PayPoint reported significant progress towards its EBITDA targets in its full-year results on Thursday, and took the wraps off a three-year share buyback programme, starting with at least £20m over the next 12 months.
Physiomics wins new contract with existing client
(Sharecast News) - Data sciences business Physiomics said on Thursday that it has been awarded a new contract by an existing, large client.
Tesla shareholders support $56bn pay package, Musk says
(Sharecast News) - Billionaire Elon Musk has claimed that Tesla Motors shareholders are voting in favour of his controversial $56bn pay package by "a wide margin".
NWF FY performance seen in line with expectations
(Sharecast News) - Agricultural and distribution business NWF that its full-year performance was expected to be in line with market expectations, reflecting a normalisation in the fuels and feeds markets and a strong contribution from its food division.
Berenberg lowers target price on Victrex
(Sharecast News) - Analysts at Berenberg lowered their target price on high performance polymers business Victrex from 1,680.0p to 1,491.0p on Thursday, stating the group was "not out of the woods yet".
Jefferies upgrades Great Portland Estates after rights issue
(Sharecast News) - Jefferies has upgraded its rating for real estate group Great Portland from 'underperform' to 'hold' in the aftermath of the company's £350m rights issue.
Capita to focus on core segments
(Sharecast News) - Process services company Capita said on Thursday that it will look to focus on its core segments as the firm hopes to improve both its financial performance and cash generation.
Tracsis Q4 revenues impacted by UK general election
(Sharecast News) - Software group Tracsis said on Thursday that timing of the UK general election had brought about a short-term dip in Q4 trading due to delayed projects and decreased new orders.
Galliford Try secures £69m contract to build school in Paisley
(Sharecast News) - Construction firm Galliford Try said on Thursday that its building division has signed a £69m contract to build the new Paisley Grammar School Community Campus on behalf of Renfrewshire Council.
Motorpoint FY revenues drop
(Sharecast News) - Car retailer Motorpoint said on Thursday that revenues had dropped in the year ended 31 March as it faced a number of economic challenges throughout the period.
Fuller Smith & Turner lifts dividend, unveils new buyback
(Sharecast News) - Pub and hotel operator Fuller, Smith & Turner hiked its annual dividend by a fifth and announced a new share buyback after a strong performance in the year to 30 March, in which adjusted profits surged 61%.
Wise shares plunge as income forecasts disappoint investors
(Sharecast News) - Shares in Wise plunged on Thursday as the UK banking and money transfer company said underlying income would be lower than its 2024 fiscal year.
Halma hails another year of record profit
(Sharecast News) - Halma reported another year of record profit and revenue on Thursday as it hailed a solid performance in the safety and the environment & analysis sectors.
Sir David McMurtry to step down as Renishaw chair
(Sharecast News) - Renishaw announced significant changes to its board on Thursday, with Sir David McMurtry, who co-founded the company over 50 years ago, set to step down as executive chairman.
Mexican billionaire Carlos Slim takes 3.2% stake in BT Group
(Sharecast News) - Mexican billionaire Carlos Slim has taken a 3.2% stake in BT Group.
Crest Nicholson slashes full-year profit guidance after tough first half
(Sharecast News) - Home construction group Crest Nicholson slashed its interim dividend payment after swinging to a loss in the first half, as the company substantially scaled back its profit guidance for the full year, causing shares to sink on Thursday.
Peel Hunt revenues rise, but losses widen
(Sharecast News) - Investment banking and broking firm Peel Hunt reported resilience despite ongoing challenges in capital markets in its full-year results on Thursday, with a 4% increase in revenue to £85.8m.
St James's Place pinches Credit Suisse vet to succeed CFO Craig Gentle
(Sharecast News) - Financial advisory firm St. James's Place has appointed the chief financial officer of Credit Suisse's UK operations as its new CFO, replacing Craig Gentle who will be retiring from the business after six years leading the finance function.
Virgin Money profits up but still sees tough second half
(Sharecast News) - Virgin Money, set to be taken over by Nationwide in a £2.9bn deal, on Thursday posted an 18% jump in interim profit as it continued to benefit from higher interest rates and a lower bad debt charge, but reiterated it expected headwinds in the second half of the year.
Alpha FMC extends takeover deadline as talks with Bridgepoint ongoing
(Sharecast News) - Alpha Financial Markets said on Wednesday that the 'put up or shut up' deadline for Bridgepoint to make an offer for the group has been extended as the two parties are still in talks.
Thursday preview: US producer prices, US Treasury auctions in focus
(Sharecast News) - The market spotlight on Thursday will continue to be on the US inflation picture.
FedEx to cut between 1,700 and 2,000 back office jobs in Europe
(Sharecast News) - US parcel delivery firm FedEx said on Wednesday that it plans to axe between 1,700 and 2,000 back-office and commercial jobs in Europe as it looks to cut costs amid a slump in freight demand.
Empire Metals announces Pitfield exploration target
(Sharecast News) - Resource exploration and development company Empire Metals announced a JORC exploration target for the Pitfield Titanium Project in Western Australia on Wednesday - a significant step towards developing a mineral resource estimate for the project.
Good Energy invests a further £1.7m in Zapmap
(Sharecast News) - Renewable electricity supplier and energy services provider Good Energy Group announced a further £1.7m strategic investment in Zapmap on Wednesday, through a convertible loan note.
Distil returns to revenue growth, operating loss widens
(Sharecast News) - Premium spirits company Distil reported a return to revenue growth in its final results for the year ended 31 March on Wednesday, although its operating loss widened.
Dillistone still cautious despite trading ahead of forecasts
(Sharecast News) - Recruitment software and service provider Dillistone Group said in an update on Wednesday that its trading performance for the first half was slightly ahead of management expectations.
Proton Motor gets follow-up order from Switzerland's H2tec
(Sharecast News) - Proton Motor Power Systems announced a follow-up order from Switzerland-based H2tec on Wednesday, for its HyCabinet S16 system.
Mosman Oil farm-in partner gets funding grant for EP 145
(Sharecast News) - Hydrocarbon, helium, and hydrogen exploration, development, and production company Mosman Oil & Gas updated the market on the EP 145 project in the Amadeus Basin of Central Australia on Wednesday, operated by its farm-in partner Greenvale Energy.
RWS Holdings confident despite weaker first-half
(Sharecast News) - Language, content and intellectual property technology specialist RWS Holdings reported a shrinking of first-half revenue and profit on Wednesday, but said it expected its full-year performance to align with market expectations despite certain challenges.
EU to slap tariff of up to 38pc on Chinese EVs
(Sharecast News) - The European Union (EU) is set to impose tariffs of up to 38% on Chinese electric vehicles (EVs), it was reported on Wednesday, initiating duties exceeding €2bn annually and risking a trade conflict with China.
Charles Stanley offloads 1.5m IQGeo shares
(Sharecast News) - IQGeo Group updated the market on the recommended cash acquisition by Geologist Bidco (Bidco), a company wholly-owned by funds advised by Kohlberg Kravis Roberts (KKR), on Wednesday.
Octopus Renewables reports progress on several fronts
(Sharecast News) - Octopus Renewables Infrastructure Trust announced a number of updates on its construction and development activities on Wednesday.
Anglo Asian Mining shares jump as Azerbaijan gov't green lights tailing dam build
(Sharecast News) - Anglo Asian Mining's share price surged on Wednesday after the gold, copper and silver miner moved one step closer to starting construction on the final part of its tailings dam in Azerbaijan.
Balanced CPT still seeking shareholder feedback amid strategic review
(Sharecast News) - Balanced Commercial Property Trust updated the market on its ongoing strategic review process on Wednesday, which it launched on 15 April.
Equals Group shares drop as MDP backs out of takeover talks
(Sharecast News) - The share price of payment platform developer Equals Group dived on Wednesday after potential buyer Madison Dearborn Partners (MDP) bowed out of drawn-out takeover talks that have been ongoing since November.
Starling sees profits surge, flags rise in bad loans
(Sharecast News) - Challenger Starling Bank posted a jump in annual profits on Wednesday and reiterated its commitment to a possible stock market debut, despite a jump in bad loan provisions
Corcel joint venture refused mining lease in Papua New Guinea
(Sharecast News) - Shares in oil, gas and battery metals small cap Corcel tanked on Wednesday after the company announced that the Papua New Guinea government refused to grant a direct shipping ore mining lease for its part-owned Mambare nickel-cobalt project.
Jefferies trims price target, reiterates 'buy' on Whitbread
(Sharecast News) - Jefferies has reiterated its 'buy' rating on Whitbread, on the back of the hospitality firm's growth plans.
Berenberg nudges up target price on Renew Holdings
(Sharecast News) - Analysts at Berenberg raised their target price on engineering services firm Renew Holdings from 1,250.0p to 1,200.0p on Wednesday following the group's capital markets day last week.
Canaccord Genuity moves GB Group to 'buy'
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on software firm GB Group from 375.0p to 455.0p and moved the stock from 'speculative buy' to 'buy' on Wednesday following its full-year results a day earlier.
Checkit scores 'significant expansion' with existing customer, secures first AI contract win
(Sharecast News) - Monitoring platform operator Checkit said on Wednesday that it has secured a "significant expansion" with an existing US customer and a first customer for its recently launched AI module.
Recent fall in Flutter's stock "excessive", says JPMorgan
(Sharecast News) - JPMorgan has reiterated its 'overweight' rating on gambling group Flutter Entertainment, saying that the recent drop in the shares has been "excessive".
Frontier Developments delivers 'strong' H2 performance
(Sharecast News) - Video games publisher Frontier Developments said on Wednesday that it had delivered a "strong" second half performance following its strategy reset to refocus on creative management simulation games.
Belluscura makes 'significant progress', proposes placing
(Sharecast News) - Medical device developer Belluscura said on Wednesday that it had made "significant progress" in recent months and proposed a fundraising of up to £2.4m.
HSS Hire loses key customer Amey, shares slide
(Sharecast News) - HSS Hire tanked on Wednesday as it announced the loss of a key customer.
Image Scan wins £350k contract with military customer
(Sharecast News) - X-ray screening systems supplier Image Scan said on Wednesday that it has secured a contract worth more than £350,000, scheduled for delivery in the second half of FY24.
Rentokil surges as Nelson Peltz's Trian said to have taken 'significant' stake
(Sharecast News) - Rentokil surged to the top of the FTSE 100 on Wednesday following reports that activist investor Nelson Peltz's Trian Fund Management has taken a "significant" stake in the pest control company.
UK rail regulator stops short of CMA referral for station catering
(Sharecast News) - The UK rail regulator has recommended that catering outlets with leases due to expire should be put to competitive tender with simpler and standardised contracts introduced for new entrants, but stopped short of referring the industry to competition authorities.
Scancell shares jump on new antibody agreement with major biotech firm
(Sharecast News) - Scancell Holdings saw shares surge on Wednesday after the the AIM-listed oncology immunotherapies group announced an agreement with a "major international biotechnology company".
Safestore shares slump on FY earnings forecast as revenues fall
(Sharecast News) - Safestore shares fell sharply on Wednesday as the self-storage specialist said it expected annual earnings to be in the lower half of consensus forecasts as it posted a fall in interim core earnings amid tough trading conditions in most of its markets.
Molten Ventures asset value rises in 'productive' year
(Sharecast News) - Molten Ventures reported a gross portfolio value of £1.379bn in its final results on Wednesday, a slight increase from £1.371bn year-on-year, as net assets grew to £1.251bn from £1.194bn.
Legal & General unveils £200m buyback and restructuring plan
(Sharecast News) - Insurance, retirement and investment services group Legal & General has announced a £200m share buyback as it set out plans to restructure the business into three core units and promised to increase shareholder returns.
DFS cites weaker demand, Red Sea disruption as it warns on profits again
(Sharecast News) - DFS warned on profits again on Wednesday as it pointed to weaker demand and Red Sea disruption.
Pantheon Resources releases independent report on Ahpun field
(Sharecast News) - Pantheon Resources announced the results of an independent expert report (IER) by Cawley Gillespie & Associates (CGA) for the Ahpun field on Tuesday, estimating 280 million barrels of recoverable ANS crude oil.
GB Group reports results in line with expectations
(Sharecast News) - Identity and location software specialist GB Group reported a set of results that aligned with its April trading update on Tuesday.
Iomart announces robust results, appoints new chair
(Sharecast News) - Cloud computing and managed services provider Iomart Group announced a robust set of financial results for the year ended 31 March on Tuesday, as well as the appointment of a new board chair.
Idox reports robust first-half performance
(Sharecast News) - Information management software and geospatial data specialist Idox reported a robust half-year financial performance on Tuesday, with key metrics in line with expectations.
Zantac litigation fears overdone at GSK, says Shore Capital
(Sharecast News) - Volatile moves in GSK's share price are likely to persist in the near term as a result of ongoing Zantac-related litigation, but the long-term investment case is "still appealing", according to Shore Capital, which kept a 'buy' rating on the stock.
Wednesday preview: US Fed decision, CPI on traders' minds
(Sharecast News) - Will the US Federal Reserve cut interest rates three times by the end of 2024? Or only twice and perhaps even less?
Berenberg hikes target price on Intertek
(Sharecast News) - Analysts at Berenberg hiked their target price on quality assurance business Intertek from 5,400.0p to 5,500.0p on Tuesday, citing faster-than-expected margin accretion.
Covestro close to granting Adnoc in-depth due diligence - report
(Sharecast News) - Covestro is reportedly close to granting Abu Dhabi National Oil Co. access to in-depth due diligence in expectation of an improved takeover bid, signalling fresh impetus for the talks between both parties after a year of negotiations.
Henry Boot subsidiary finalises land sale
(Sharecast News) - Henry Boot announced on Tuesday that its subsidiary, Hallam Land Management, has finalised the sale of a freehold site in Ambrosden, Oxfordshire, to housebuilder Mulberry Homes.
Cake Box profits jump amid new store openings
(Sharecast News) - Cake Box posted a jump in full-year profit and revenue on Tuesday as the maker of fresh cream celebration cakes pointed to increased franchise store sales and new store openings.
Raspberry Pi prices IPO at 280p per share
(Sharecast News) - Raspberry Pi Holdings announced the pricing of its initial public offering (IPO) on Tuesday, at 280p per share, following the confirmation of its intention to float on 22 May.
Coral Products to reinstate interim dividend, FY earnings seen in line
(Sharecast News) - Plastic products manufacturer Coral Products said on Tuesday that it intends to reinstate interim dividends after its recent full-year performance came in line with market expectations.
Rio Tinto to buy Mitsubishi's 11.7% stake in Boyne aluminium smelter
(Sharecast News) - Rio Tinto said on Tuesday that it has agreed to buy Mitsubishi Corporation's 11.65% interest in Boyne Smelters (BSL) for an undisclosed sum.
Renew Holdings acquires electricity transmission and distribution business
(Sharecast News) - Engineering services company Renew has entered into the electricity transmission and distribution market with its £26.0m acquisition of Excalon.
Capricorn Energy reports first production at Sangomar development
(Sharecast News) - Exploration and development company Capricorn Energy said on Tuesday that first production from its Sangomar Field development offshore Senegal has commenced after it received confirmation from Woodside Energy that the first oil condition under the sale and purchase agreement has been satisfied.
Atos shares slide as it agrees to dilutive restructure
(Sharecast News) - Shares in French IT giant Atos were sliding on Tuesday morning, after it announced that its board had decided to proceed with a restructuring plan that would seriously dilute the equity of existing shareholders.
Citi hikes Hikma price target, cites 'healthy trends' for injectables and US Generics
(Sharecast News) - Citi lifted its price target on Hikma Pharmaceuticals on Tuesday to 2,845p from 2,770p as it said IQVIA April data highlighted "healthy trends" for injectables and US Generics.
Heathrow sees record passenger numbers in year to May
(Sharecast News) - Heathrow served a record number of passengers over the past year after the the busiest-ever May, the UK airport announced on Tuesday.
Novacyt settles High Court dispute with DHSC
(Sharecast News) - Biotechnology group Novacyt and the UK's Department of Health and Social Care have reached a commercial settlement of all claims and counterclaims in High Court proceedings.
Oxford Instruments shares jump on profit beat, restructure plan
(Sharecast News) - Shares in Oxford Instruments surged on Tuesday after the industrial and scientific research tech group announced plans to simplify its corporate structure alongside full-year profits that came in ahead of expectations.
GSK launches appeal to recent Zantac ruling
(Sharecast News) - GSK has started the process of appealing a recent decision by the Delaware Superior Court regarding the ongoing Zantac, or ranitidine, litigation, it announced on Tuesday.
FirstGroup hikes dividend as profits surge, but sees challenges ahead
(Sharecast News) - Bus and train operator FirstGroup hiked its dividend by 45% after a substantial jump in annual profits, despite revenues slipping slightly over the year.
Senior wins $80m parts contracts from Collins Aerospace
(Sharecast News) - Aircraft and defence engineering specialist Senior said it had won 10-year production contracts worth $80m from Collins Aerospace to supply thrust reverser structural components for Boeing 787, Airbus A320neo and Airbus A220 aircraft.
Diller Noble acquires Diamond Offshore for $1.6bn
(Sharecast News) - Texas-based oil company Noble Corporation has announced plans to snap up Diamond Offshore Drillling for $1.6bn.
Gulf Marine Services confirms four-year contract
(Sharecast News) - Gulf Marine Services, a provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, confirmed the signing of the second phase of a four-year contract for one of its vessels operating in the Middle East on Monday.
Arecor Therapeutics shares tank on funding update
(Sharecast News) - The share price of AIM-listed Arecor Therapeutics dropped by almost a third on Monday after the biopharma firm warned that its working capital requirements had "accelerated" while full-year revenues remain highly uncertain.
Triple Point reports improved rent collection in first quarter
(Sharecast News) - Triple Point Social Housing REIT reported a robust performance in the first quarter on Monday, with a significant increase in rent collection and ongoing rental growth.
Tuesday preview: UK employment, US Treasury auctions in focus
(Sharecast News) - Investors' focus on Tuesday will be on the UK employment report for the month of April.
CLS offloads two non-core assets for £11m
(Sharecast News) - Commercial property investment group CLS Holdings has offloaded two properties for a combined £10.7m, shedding non-core assets that were initiallly acquired as part of a larger portfolio purchase.
GSK's Arexvy vaccine approved for wider age range
(Sharecast News) - US regulators have approved the use of GSK's Arexvy vaccine for a younger age group, the biopharma group announced on Monday.
Pennon names David Sproul new Chair Designate
(Sharecast News) - Pennon Group chose David Sproul, a former global deputy CEO at Deloitte, as its Chair Designate.
Chemring signs deal with Northrop Grumman for missile material
(Sharecast News) - Chemring said it had signed a 15-year deal partnering deal with US defence firm Northrop Grumman for the supply of HMX energetic material used in its missile programmes along with an order for the product worth $83m as demand for military weapons increased globally.
Asda co-owner Zuber Issa exits, sells stake to TDR Capital
(Sharecast News) - Asda's co-owner Zuber Issa has sold his 22.5% stake in the company to TDR Capital, giving the private equity firm a majority shareholding in the supermarket group.
Body Shop administrators aiming to wrap up sale by end of June - report
(Sharecast News) - Administrators to The Body Shop are reportedly aiming to clinch a sale of the stricken cosmetics retailer by the end of the month, even as its former owner veers away from making an offer for it.
N4 Pharma shares tank after £0.6m fundraise
(Sharecast News) - Shares in small-cap pharma group N4 Pharma sank on Friday after the company announced a share placing and subscription to raise £630,000.
SRT Marine Systems hit by contract delays
(Sharecast News) - Marine tech group SRT Marine Systems said it expects to make a loss for the year ending 30 June after longer-than-expected administration processes pushed certain contracts into the next financial year.
Former Autonomy boss Mike Lynch acquitted in US fraud trial
(Sharecast News) - British tech veteran Mike Lynch has been acquitted of fraud by a US jury, drawing a line under years of bitter legal dispute.
Safestay gives bright outlook as bookings surge
(Sharecast News) - International hotels and hostels group Safestay saw losses widen in 2023 despite revenues rising by nearly a fifth, but gave an optimistic outlook with forward bookings up significantly so far this year.
Bellway lifts price guidance after strong spring selling season
(Sharecast News) - Housebuilder Bellway has kept its guidance for housing completions this fiscal year but has lifted its forecast for pricing.
C&C shares slump as CEO steps down after accounting errors
(Sharecast News) - C&C Group shares plunged on Friday after the drinks maker said chief executive Patrick McMahon would be stepping down after accounting errors in the last three years when he was chief finance director.
Big Lots shares dive as Q1 results miss forecasts
(Sharecast News) - The share price of Big Lots plunged by a fifth on Thursday after the American discount chain reported a big drop in sales and a wider-than-expected loss in its first quarter which it blamed on a "challenging consumer environment".
Friday preview: US non-farm payrolls, China foreign trade data
(Sharecast News) - Investors' focus at the end of the week will be squarely on the US non-farm payrolls report for the month of May.
S4 Capital reiterates full-year targets
(Sharecast News) - Digital advertising and marketing agency S4 Capital reiterated its full-year targets on Thursday despite "volatile" global macroeconomic conditions.
Antofagasta shares rise on Centinela water-supply deal
(Sharecast News) - Shares in copper miner Antofagasta were rising on Thursday after the company announced the completion of a water-supply agreement at its Centinela project in Chile.
Concurrent Technologies secures two 'important contracts'
(Sharecast News) - Computer products designer Concurrent Technologies said on Thursday that it has secured "two important contracts" via its recently acquired Phillips Aerospace business.
Mission rejects 'opportunistic' Brave Bison approach
(Sharecast News) - The Mission Group has rejected a revised "opportunistic" takeover approach from Brave Bison, it confirmed on Thursday, arguing that it undervalues the business.
ECB cuts rates for first time in five years
(Sharecast News) - The European Central Bank cut interest rates by 25 basis points on Thursday, as widely expected.
JPMorgan reinstates 'overweight' rating on DCC
(Sharecast News) - JPMorgan Cazenove reinstated coverage of DCC on Thursday with an 'overweight' rating and 6,700p price target.
Inspecs H1 revenue and underlying earning seen lower YOY
(Sharecast News) - Eyewear manufacturer Inspecs Group warned on Thursday that interim revenues and underlying earnings would be lower than the prior year and more in line with historic trading.
US regulators take aim at Big Tech's role in AI - report
(Sharecast News) - US antitrust regulators are to investigate Microsoft, OpenAI and Nvidia over their roles in the artificial intelligence industry, it was reported on Thursday.
Citi sees near-term upside for FirstGroup despite rail renationalisation plans
(Sharecast News) - Citigroup has said that the Labour Party's plans to renationalise the railways could offer some near-term upside for transport firm FirstGroup despite recent concerns.
UK construction sector grows at fastest pace in two years
(Sharecast News) - The UK construction sector grew in May at its fastest pace in two years, according to a survey released on Thursday.
Camellia FY revenues seen higher, pre-tax losses expected to widen
(Sharecast News) - Tea producer Camellia said on Thursday that annual revenues were expected to grow year-on-year despite reduced tea production expectations in India and further drops in tea prices in both Kenya and Malawi.
ITM Power FY losses better-than-expected
(Sharecast News) - Energy storage and clean fuel company ITM Power said on Thursday that full-year underlying losses were better than initially expected as it worked to attain "a positive operating rhythm" throughout the twelve months ended 30 April.
Commodity trader Trafigura sees profits drop as market normalises
(Sharecast News) - Singaporean commodity trading giant Trafigura saw profits slide in the first half of its financial year, with underlying earnings nearly halving as markets normalised following a period of record earnings over recent years.
Tonic maker Fever-Tree on track as market share climbs
(Sharecast News) - London-based tonic and soda maker Fever-Tree Drinks said on Thursday that sales have risen over the year to date, as it continues to drive market share gains across all regions.
N Brown returns to FY statutory profit
(Sharecast News) - Online retailer N Brown Group said on Thursday that it had returned to profit in the year ended 2 March thanks to lower adjustments and a focus on driving profitable sales.
Wood Group to 'engage' with Sidara on takeover proposal
(Sharecast News) - Wood Group said late on Wednesday that it had decided to "engage" with Sidara after the Dubai-based engineering and consulting firm made an improved and final takeover proposal last week at 230p a share.
Bridgepoint founder and chair to step down
(Sharecast News) - Asset manager Bridgepoint Group has announced that founder and chair William Jackson is to step down from the board this summer.
Mitie revenues hit record £4.5bn on contract wins
(Sharecast News) - Annual profits at outsourcing giant Mitie surged as revenues hit a record £4.5bn - in line with company expectations laid out in April's trading update.
HanesBrands to sell Champion to Authentic for up to $1.5bn
(Sharecast News) - HanesBrands said on Wednesday that it has agreed to sell its Champion business to Authentic Brands Group for up to $1.5bn.
Thursday preview: ECB, German factory orders in focus
(Sharecast News) - All eyes on Thursday will be on the European Central Bank's policy meeting.
Google must face £13.6bn lawsuit over advertising, court rules
(Sharecast News) - A £13.6bn lawsuit brought against Google over its dominance in the online advertising market will go ahead, a UK court ruled on Wednesday.
SAP to snap up WalkMe in $1.5bn deal
(Sharecast News) - German software giant SAP has agreed to buy WalkMe in a $1.5bn deal, it was confirmed on Wednesday, sending shares in the Israel-based firm soaring.
Berenberg upgrades Taylor Wimpey to 'buy'
(Sharecast News) - Berenberg has upgraded Taylor Wimpey to 'buy' following a review of UK housebuilders ahead of next month's general election.
Tungsten West CEO makes abrupt exit
(Sharecast News) - Shares in tungsten and tin miner Tungsten West were volatile on Wednesday after the Hemerdon mine owner announced the abrupt exit of its chief executive officer.
Future's stock has further to run, says JPMorgan
(Sharecast News) - JPMorgan has recommended keeping an 'overweight' position in shares of Future despite the huge jump in the British publisher's stock over the past year, saying the investment case is still "compelling" at these levels.
Angle unveils plans to raise more than £10m
(Sharecast News) - Liquid biopsy specialist Angle is to raise more than £10m to support future growth, the UK company announced on Wednesday.
Discoverie operating profits up double-digits YOY
(Sharecast News) - Electronic components manufacturer Discoverie reported a double-digit increase in profits for the year ended 31 March, thanks to strong growth in underlying operating margins.
Citi opens 90-day 'positive catalyst watch' on Pearson shares
(Sharecast News) - Citi opened a 90-day "positive catalyst watch" on Pearson shares on Wednesday as it pointed to an attractive risk/reward.
Tiktok takes measures to block cyber attack
(Sharecast News) - Chinese social media giant TikTok has taken measures to halt a cyber-attack aimed at several brand and celebrity accounts.
Ninety One full-year AuM fall, dividend cut
(Sharecast News) - Ninety One posted a drop in full-year assets under management on Wednesday and cut its dividend as it said business conditions remained "challenging".
Ramsdens H1 PBT rises amid 'continued growth'
(Sharecast News) - Pawnbroker Ramsdens said on Wednesday that pre-tax profits had risen in the six months ended 31 March on the back of "continued growth" across all key income streams.
Senior opens new French production facility
(Sharecast News) - Manufacturing and engineering business Senior has opened a new production facility in Fossé, France.
Berenberg starts coverage of Haleon at 'buy'
(Sharecast News) - Berenberg initiated coverage of consumer health company Haleon on Wednesday with a 'buy' rating and 407p price target.
First-quarter sales jump at Inditex
(Sharecast News) - Zara-owner Inditex posted "robust" first-quarter numbers on Wednesday, as sales comfortably met expectations.
Workspace losses swell, but CEO predicts improving valuations
(Sharecast News) - Office owner and operator Workspace Group reported strong rental income growth in the year to 31 March, though losses widened substantially due to falling property valuations.
Paragon Banking profits soar, lifts buyback, lending forecasts
(Sharecast News) - Specialist lender Paragon Banking more than doubled interim profit and said it would extend its share buyback by up to £50m as customer demand returned after the 'mini-budget' fiasco of Liz Truss's short-lived government last October.
WH Smith holds on to guidance despite Q3 sales slowdown
(Sharecast News) - Stationary and book retailer WH Smith said it remains on track to hit full-year forecasts despite a slowdown in sales growth in third quarter, as strong growth in the travel division was tempered by falling sales on the high street.
China's services sector expands again in May - Caixin
(Sharecast News) - Activity in China's services sector accelerated in May at its fastest pace in 10 months, according to data released on Wednesday.
B&M profits at top end, but lack of guidance disappoints
(Sharecast News) - Annual operating profits at B&M European Value Retail came in at the top end of guidance, but shares fell sharply on Wednesday after the discount retailer offered no firm guidance for the current financial year.
Centrica sees all units hitting medium-term earnings early
(Sharecast News) - British Gas owner Centrica said trading was in line with expectations against the backdrop of a more "normalised" environment, with all retail supply and optimisation businesses to be within their medium-term sustainable adjusted operating profit ranges in 2024 - two years ahead of schedule.
Zinnwald Lithium shares spike on state support for Saxony project
(Sharecast News) - Shares in Germany-focused lithium miner Zinnwald Lithium rallied on Tuesday afternoon after the Saxony government gave its support for its flagship project.
Stifel lifts Melrose Industries price target, profit forecast
(Sharecast News) - Melrose Industries rallied on Tuesday as Stifel lifted its price target on the shares to 700p from 690p and upped its profit forecast.
Chill Brands reinstates CEO as shareholders vote to shake up board
(Sharecast News) - Vape manufacturer Chill Brands announced on Tuesday that it has reinstated its suspended CEO and shaken up its board following a shareholder vote to oust two directors.
British Airways to add 350 new workers to Heathrow workforce, upgrade IT systems
(Sharecast News) - British Airways will raise staffing levels at London's Heathrow Airport by 5% in an effort to minimise any potential disruptions over the peak summer travel season.
Wednesday preview: Global services PMIs, Computacenter in focus
(Sharecast News) - The market spotlight in the middle of the week will shift to the global services sector with a raft of survey results for the month of May due out.
Aukett Swanke cautious on expectations despite new contract win
(Sharecast News) - Architecture and smart buildings group Aukett Swanke announced a new £200,000 software license contract on Tuesday, with the firm offering up its Smart Core system in a London property over the next 18 months, marking its first major revenue from software without third-party costs.
Home Reit tenant Noble Tree enters administration
(Sharecast News) - Troubled real estate investment trust Home Reit said on Tuesday that homelessness charity Noble Tree Foundation - a tenant of 143 properties in its portfolio - has entered into administration.
Gooch & Housego reports sharp fall in H1 profits
(Sharecast News) - Gooch & Housego shares were under pressure on Tuesday after the AIM-listed manufacturer reported a sharp drop in profits in its first half - though full-year guidance was unchanged.
Blackstone in exclusive talks to buy Village Hotels - report
(Sharecast News) - Private equity firm Blackstone is reportedly in exclusive talks to buy UK mid-market hotel chain Village Hotels.
Maersk lifts guidance again as freight costs continue to rise
(Sharecast News) - Danish shipping giant Maersk has raised its full-year profits targets by the second time in five weeks as container freight costs continue to rise as a result of the ongoing crisis in the Red Sea.
Synectics trades 'comfortably in line' with expectations
(Sharecast News) - Security and surveillance systems business Synectics said on Tuesday that year-to-date trading was "comfortably in line with market expectations" and that its cash position remained "strong".
Checkit proposes merger with rival Crimson Tide
(Sharecast News) - Software business Checkit announced plans to merge with rival Crimson Tide on Tuesday, stating the acquisition would help both companies create "a scaled workflow software company".
Mission Group evaluating improved offer from Brave Bison
(Sharecast News) - Digital marketing firm Mission Group said on Tuesday that it was evaluating an increased takeover proposal from rival Brave Bison but that it still believes it does not reflect its contribution to the proposed combined group.
Brookfield Asset Management considering offer for Tritax Eurobox
(Sharecast News) - Tritax Eurobox gained on Tuesday after Brookfield Asset Management said it was in the early stages of assessing a possible cash offer for the company.
Whistleblower claims Standard Chartered broke more Iran sanctions
(Sharecast News) - A former banker at Standard Chartered has accused the UK bank of carrying out more than $100bn of undetected transactions that breached sanctions against Iran.
Chemring H1 profit hit by disruption in Countermeasures
(Sharecast News) - Chemring hailed a record interim order book on Tuesday but posted a drop in underlying profit as its Tennessee countermeasures business was hit by adverse weather conditions.
LondonMetric ups divi as M&A drives solid profit growth
(Sharecast News) - FTSE 250-listed real estate investment trust LondonMetric saw profits and rental income both rise by more than 20% in the year to 31 March, helping the company to increase its dividend by 7.4%.
Berenberg upgrades Future to 'buy', hikes price target
(Sharecast News) - Berenberg upgraded Future on Tuesday to 'buy' from 'hold' and hiked the price target to 1,310p from 850p following "positive" first-half results, which indicated that organic growth has troughed.
Ceres Power awarded further contract for collaboration with Shell
(Sharecast News) - Fuel cell technology developer Ceres Power has been awarded a further contract for the second phase of its collaboration with Shell.
British American Tobacco retains guidance, eyes H2 improvement
(Sharecast News) - Cigarettes, tobacco and vape manufacturer British American Tobacco said it remains on track to hit guidance this year despite first-half underlying revenues and adjusted profits falling by low-single digits.
Vistry to build 1,750 homes in £580m deal with Blackstone, Regis
(Sharecast News) - Vistry has agreed terms with private equity giant Blackstone and property investor Regis Group to buy a portfolio of new build homes in the south-east of England with a gross development value of £580m.
Wizz Air May passenger numbers rise 2.1%
(Sharecast News) - Budget carrier Wizz Air said May passenger numbers rose 2.1% although capacity was still impacted by the grounding of 45 Airbus aircraft due to issues with their Pratt & Whitney GTF engines.
NYSE technical glitch prompts trading halt on Berkshire Hathaway shares
(Sharecast News) - The New York Stock Exchange announced on Monday that it had halted trading in a number of stocks after a temporary "price bands issue" caused certain share prices to tumble erroneously.
Germany's FTI Group files for insolvency as bookings slump
(Sharecast News) - Europe's third-largest tour operator FTI Group said it had filed for insolvency in the Munich regional court today, as it suffered from falling bookings.
Shore Capital downgrades Auto Trader to 'sell'
(Sharecast News) - Shore Capital has cut its recommendation for online car marketplace Auto Trader from 'hold' to 'sell', saying the stock's valuation is now stretched following a decent run in recent months.
Frasers appoints former FRC, HMRC CEO Jon Thompson as non-exec
(Sharecast News) - Mike Ashley's Frasers Group said on Monday that it has appointed Sir Jon Thompson, former chief executive officer of the Financial Reporting Council, as a non-executive director.
Moody's lifts 2024 China growth forecast
(Sharecast News) - Moody's lifted its 2024 growth forecast for China on Monday to 4.5% from 4% as it pointed out that first-quarter growth was boosted by trade and manufacturing activity.
Liberum upgrades Pets at Home to 'buy', shares surge
(Sharecast News) - Pets at Home rallied on Monday as Liberum upgraded its stance on the shares to 'buy' from 'hold' and lifted the price target to 360p from 290p.
Strip Tinning names Mark Perrins as group CEO
(Sharecast News) - Connection systems supplier Strip Tinning has appointed Mark Perrins as group chief executive officer, joining the board of directors with immediate effect.
Hvivo scores £2.5m contract for Omicron characterisation study
(Sharecast News) - Contract research organisation Hvivo has secured a £2.5m contract with a mid-sized pharmaceutical company to initiate an Omicron characterisation study after the manufacture of its Omicron BA.5 challenge agent was successfully completed in 2023.
MP Evans purchases minority stakes in Indonesian subsidiaries
(Sharecast News) - Palm oil producer MP Evans has purchased a 5% minority holding in the majority of its Indonesian subsidiary trading companies.
JPMorgan upgrades St James's Place, Quilter to 'overweight'
(Sharecast News) - JPMorgan Cazenove upgraded St James's Place and Quilter to 'overweight' from 'neutral' on Monday as it took a look at UK wealth managers.
Shein eyeing potential London listing
(Sharecast News) - Fast fashion retailer Shein will file paperwork for a potential floatation on the London Stock Exchange as soon as this week, according to Sky News, with an initial public offering potentially valuing the firm at roughly £51.7bn.
WH Ireland to sell capital markets business to Zeus for up to £5m
(Sharecast News) - WH Ireland said on Monday that it has agreed to sell its capital markets business to investment bank Zeus Capital for up to £5m.
Blackstone increases Hipgnosis offer
(Sharecast News) - US private equity firm Blackstone has upped its bid for embattled music rights publisher Hipgnosis as it looks to change its takeover offer to a so-called 'scheme of arrangement'.
Chill Brands shares suspended as inside-information probe continues
(Sharecast News) - UK vape maker Chill Brands announced on Monday that its shares have been suspended from trade as it continues to investigate claims around the use of inside information by its suspended CEO.
Raspberry Pi hoping to raise £157m in London IPO
(Sharecast News) - Low-cost single-board and modular computer maker Raspberry Pi announced on Monday that it is looking to raise around £157m in its stock-market debut in London next week.
Baltic Classifieds slumps as Antler sells 40m shares in placing
(Sharecast News) - Baltic Classifieds slumped on Monday after Antler, which is controlled by funds advised by Apax, sold 40m shares in a placing.
Hunting's order book at record high after another big win in Kuwait
(Sharecast News) - Engineering group Hunting has won a $86m piping order from state-backed Kuwait Oil Company for next next, driving its sales order book to a record high, and causing shares to surge on Monday.
Citi upgrades National Grid, cites attractive risk/reward
(Sharecast News) - Citi upgraded National Grid on Monday to 'buy' from 'neutral' and lifted the price target to 985p from 920p as it cited an attractive risk/reward.
Sirius Real Estate ups dividend as profits jump 32%
(Sharecast News) - Profits at business and industrial parks developer Sirius Real Estate surged by nearly a third in the year ended 31 March, helping the company to increase dividends for the tenth straight year.
GSK shares slump as US judge says experts can testify in Zantac cases
(Sharecast News) - GSK shares were down almost 10% on Monday after a US court ruled that jury trials could hear expert witnesses in 70,000 cases brought by cancer sufferers claiming its Zantac heartburn drug caused their condition.
AstraZeneca's lung cancer treatment recommended for approval in EU
(Sharecast News) - AstraZeneca has announced that its Tagrisso treatment for advanced lung cancer, when combined with chemotherapy, has been recommended for approval by European regulators.
Franchise Brands ups FY dividend payout, underlying earnings seen at top end of guidance
(Sharecast News) - Multi-brand franchise business Franchise Brands said on Monday that it will look to up its full-year dividend payout as it now expects to report adjusted underlying earnings at the top end of current market expectations.
China manufacturing PMI ticks up more than expected - Caixin
(Sharecast News) - Activity in China's manufacturing sector grew in May at the fastest rate in two years, according to data released on Monday.
Hollywood Bowl profits jump on record revenues
(Sharecast News) - Hollywood Bowl reported a 10.5% rise in half-year earnings and lifted its dividend by a fifth on the back of record revenues, driven by strong trading in the UK and Canada.
STMicroelectronics unveils plans for €5bn chip plant in Italy
(Sharecast News) - Europe semiconductor giant and Apple supplier STMicroelectronics on Friday announced plans to build the world first fully integrated silicon carbide (SiC) facility in Italy, requiring a total investment of €5bn.
RBC Capital lifts Centrica to 'outperform', shares rally
(Sharecast News) - RBC Capital Markets upgraded Centrica on Friday to 'outperform' from 'sector perform' and lifted the price target to 170p from 145p.
Jefferies reiterates 'buy' on National Grid, trims price target
(Sharecast News) - Jefferies trimmed its price target on National Grid on Friday as it reiterated its 'buy' rating on the energy infrastructure firm.
JPMorgan reiterates 'overweight' on Whitbread
(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Whitbread on Friday as it said it continues to be one of its key convictions, and sees the recent pullback - the shares are down 20% year-to-date - as "an opportunity to revisit the story".
Short-lived sunny spell helps boost UK supermarkets
(Sharecast News) - UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.
Flutter shares dive as CFO departs, listing shifts to US
(Sharecast News) - Shares in Flutter Entertainment nosedived on Friday as the gambling outfit said finance chief Paul Edgecliffe-Johnson would leave the company with immediate effect as it shifted its listing to the US.
Galliford Try wins government contracts worth £101m
(Sharecast News) - Galliford Try has secured government work worth more than £100m, the construction group said on Friday, including a contract to finish an immigration detention centre.
Petrofac's delayed results reveal $505m loss as talks with creditors continue
(Sharecast News) - Petrofac, the energy services group whose shares are currently suspended, has finally released its delayed annual results for 2023, which showed a net loss of more than half a billion dollars following a "challenging year".
Competition watchdog opens probe into Nationwide-Virgin Money deal
(Sharecast News) - The competition watchdog is to investigate the proposed £2.9bn acquisition of Virgin Money by Nationwide Building Society, it was confirmed on Friday.
Frasers Group lifts stake in Hugo Boss to £305m
(Sharecast News) - Mike Ashley's retail conglomerate Frasers Group has raised its stake in Hugo Boss after a sharp drop in the German fashion group's share price since the start of the year.
Government cuts NatWest stake to 22.5% after £1.24bn sale
(Sharecast News) - The government has sold a £1.24bn stake in NatWest, as the HM Treasury continues to reduce its shareholding in the state-backed lender.
Harbour Energy making 'good progress' on Wintershall takeover
(Sharecast News) - Harbour Energy said on Friday its blockbuster $11.2bn acquisition of Wintershall Dea's non-Russian oil and gas assets remained on track, with publication of the deal prospectus expected shortly.
AB Foods slumps as majority shareholder sells 10.3m shares
(Sharecast News) - Associated British Foods was in the red on Friday after UBS said that its biggest shareholder, Howard Investments Limited - a wholly-owned subsidiary of Wittington - has sold 10.3m shares in the Primark owner in a placing.
JD Sports shares slump as Q1 sales fall amid 'volatile' market
(Sharecast News) - Shares in JD Sports Fashion fell sharply on Friday despite the company holding annual guidance amid a "volatile" market as it said group current-year first-quarter like-for-like sales were down 0.7% and 6.4% in the UK.
AIM-listed MicroSalt disappoints with maiden results
(Sharecast News) - Shares in low-sodium salt maker MicroSalt tanked on Thursday after reporting higher losses and flat sales in 2023 in its maiden annual results as a listed company.
JP Morgan stays at 'overweight' on EasyJet even as supply-demand balance returns
(Sharecast News) - Analysts at J.P.Morgan sounded a positive note on shares of Easyjet following the recent share price weakness that had taken them back to the levels last seen during the previous month of December.
Friday preview: US, euro area inflation data in focus
(Sharecast News) - All eyes at the end of the week will be on the latest inflation data out of the States, not least given the ongoing grind higher in government bond yields.
Xtract Resources shares jump on JV expansion in Zambia
(Sharecast News) - Xtract Resources saw its stock rise by a tenth on Thursday after the brownfield-focused mining company announced the addition of three large-scale exploration licences through its joint venture in north-west Zambia.
Insig AI shares surge on new deal, boardroom shake-up
(Sharecast News) - The share price of data science and machine learning business Insig AI jumped on Thursday after the company announced a strategic partnership with an Estonian AI and blockchain company, as well an immediate shake-up of its board.
Frasers closing in on deal to take control of Ted Baker's UK arm - report
(Sharecast News) - Mike Ashley's Frasers Group is reportedly closing in on a deal to take control of Ted Baker's British arm, putting the future of its head office staff firmly in the balance.
Canaccord lifts Trainline target price, talks down nationalisation concerns
(Sharecast News) - Canaccord Genuity has hiked its target price for booking platform Trainline from 428p to 455p and kept a 'buy' rating, quashing concerns around rail nationalisation speculation that has been weighing on the shares for some time.
Jefferies downgrades Anglo American to 'hold'
(Sharecast News) - Jefferies downgraded Anglo American to 'hold' from 'buy' on Thursday and slashed the price target to 2,700p from 3,200p after BHP abandoned its £39bn pursuit of the London-listed miner as the deal structure couldn't be resolved.
EnQuest holds guidance after solid Q1
(Sharecast News) - Shares in EnQuest gained on Thursday after the UK energy company reported a strong operational performance over 2024 so far and kept its full-year production and cost guidance unchanged.
Endeavour starts wet commissioning at Lafigué project
(Sharecast News) - Endeavour Mining said wet commissioning activities had started its Lafigué project in Côte d'Ivoire, adding that construction was 94% complete, and the first gold pour expected to take place in late-June, a quarter ahead of schedule.
Berenberg upgrades Currys to 'buy'
(Sharecast News) - Berenberg upgraded Currys on Thursday to 'buy' from 'hold' and lifted the price target to 90p from 67p as it said the electricals retailer was "a sound way to play the expected improvement in UK retail demand".
Nightcap abandons pursuit of Revolution Bars
(Sharecast News) - Nightcap confirmed on Thursday that it does not plan to make an offer for Revolution Bars, which said earlier this week that it had rejected a takeover proposal from the Piano Works owner.
LondonMetric shakes up portfolio, exits non-core assets
(Sharecast News) - Real estate firm LondonMetric has raised £31m from selling seven properties and acquired six more assets for £45m, the company announced on Thursday.
Renewi offloads 'unpredictable' UK municipal arm to Biffa
(Sharecast News) - Renewi is to quit the UK market after it struck a deal with British waste management firm Biffa.
Darktrace appoints non-exec director as new COO
(Sharecast News) - Cybersecurity group Darktrace has appointed non-executive director Jill Popelka as its new chief operating officer following the resignation of Nick Trim from that role earlier this year.
Coats appoints former GKN Aerospace boss as CEO
(Sharecast News) - Industrial thread and global footwear parts maker Coats on Thursday said it had appointed former GKN Aerospace boss David Paja as its chief executive, replacing Rajiv Sharma who has decided to step down after eight years in the role.
De La Rue in talks over potential sale of divisions
(Sharecast News) - Banknote maker De La Rue said on Thursday that it was delaying the publication of its full-year results as it is currently in talks with a number of parties who have made proposals or expressed an interest in buying either of its divisions.
TSB customers hit by online banking outage
(Sharecast News) - TSB Bank customers were left unable to access their accounts on Thursday after the lender's mobile banking app temporarily went down.
Bodycote reports underlying growth in Q1
(Sharecast News) - Heat treatment and thermal processing services group Bodycote has left its full-year outlook unchanged after reporting solid underlying growth since the start of 2024 against a mixed market backdrop.
Auto Trader annual revenues motor ahead
(Sharecast News) - Auto Trader Group said on Thursday that the new financial year had got off to a strong start, after it posted in jump in annual sales and profits.
Dr Martens shares up on guidance hold, £25m savings plan
(Sharecast News) - Shares in Dr Martens jumped as investors breathed a sigh of relief that trading at the troubled bootmaker had not gotten any worse since a profit warning last month, with guidance held and a new £25m cost-cutting plan offsetting a slump in annual revenue and operating profit as its US woes continued.
Marks & Spencer appoints Alison Dolan as CFO
(Sharecast News) - Marks and Spencer said on Wednesday that it has appointed Alison Dolan as its new chief financial officer.
Wood Group 'evaluating' final takeover approach from Sidara at 230p a share
(Sharecast News) - Wood Group said on Wednesday that it was evaluating a fourth and final "unsolicited, preliminary and conditional" takeover proposal from Dubai-based engineering and consulting firm Sidara at 230p a share.
Ocado set to exit FTSE 100 in latest reshuffle, Darktrace and Vistry to join
(Sharecast News) - Ocado and St James's Place are set to be kicked out of the FTSE 100 in the latest quarterly reshuffle of components, with Darktrace and Vistry expected to join the top-tier index.
ConocoPhillips to buy Marathon Oil in $22bn deal
(Sharecast News) - ConocoPhillips confirmed on Wednesday that it has agreed to buy Marathon Oil in an all-share deal worth $22bn.
Merck to buy EyeBio for up to $3bn
(Sharecast News) - US pharma giant Merck said on Wednesday that it has agreed to buy ophthalmology-focused biotechnology firm EyeBio for up to $3bn.
Jefferies raises target price for Softcat
(Sharecast News) - Analysts at Jefferies reiterated their 'buy' recommendation on shares of Softcat, following the latest trading update out of the IT infrastructure and services provider.
Anglo rebuffs BHP request to extend takeover talks
(Sharecast News) - Anglo American has rejected BHP's request to extend its 'put up or shut up' offer deadline, advising shareholders to take no action in response to the latter's latest attempt to sway the mining group into a £39bn takeover deal.
JP Morgan sees lower political risk in Mexico for Fresnillo, stays 'overweight'
(Sharecast News) - Analysts at JP Morgan sounded a confident note on the outlook for precious metals miner Fresnillo ahead of the next presidential elections in Mexico.
Deutsche Bank keeps Legal & General at 'buy' on potential Cala sale
(Sharecast News) - Deutsche Bank has reiterated its 'buy' call for financial services and asset management company Legal & General following news of a potential sale of Cala Homes.
Funding Circle to cut 120 jobs, CFO to step down
(Sharecast News) - Funding Circle said on Wednesday that it was planning to axe around 120 jobs as part of its cost-cutting and streamlining efforts, as it announced the departure of chief financial officer Oliver White.
Thursday preview: US Q1 GDP, Auto Trader in the spotlight
(Sharecast News) - The market spotlight on Thursday will continue to be on the US, where another flurry of economic indicators and speeches from central bank officials are scheduled.
Averon to buy Foresight Sustainable Forestry in £167m deal
(Sharecast News) - Foresight Sustainable Forestry Company is to be acquired by Averon Park in a £167m deal, it was confirmed on Wednesday, less than three years after the specialist investment firm went public.
PayPoint invests in open banking platform Aperidata
(Sharecast News) - Payment tech group PayPoint has invested £1m in Aperidata to enhance its open banking solutions to clients, the company announced on Wednesday.
IWG slumps as CEO Dixon sells 35m shares
(Sharecast News) - IWG slumped on Wednesday after chief executive Mark Dixon sold 35m shares in the flexible workspace provider.
Fuller Smith & Turner sells 37 pubs to Admiral Taverns
(Sharecast News) - Pubs and hotels group Fuller, Smith & Turner has announced the sale of 37 pubs to Admiral Taverns for £18.3m as it looks to bolster its balance sheet.
Bloomsbury Publishing buys US publisher for £65m
(Sharecast News) - Bloomsbury Publishing said on Wednesday that it has bought The Rowman & Littlefield Publishing Group's academic publishing business for $83m (£65m).
Shares in Gem Diamonds shine on 'remarkable' recovery
(Sharecast News) - Gem Diamonds has recovered a 212 carat precious stone, the miner confirmed on Wednesday, sending its shares higher.
JLEN Environmental posts dip in net asset value
(Sharecast News) - JLEN Environmental Assets Group reported a dip in net asset value on Wednesday, on the back of lower power prices and battery revenues.
BHP urges Anglo American to extend offer deadline
(Sharecast News) - Mining titan BHP has requested that Anglo American extend its 'put up or shut up' deadline so that the two can continue discussions around a potential £39bn takeover of the latter.
Ofwat mulls cutting fines for struggling water firms - report
(Sharecast News) - The regulator is considering reducing fines for financially stressed water companies, including crisis-hit Thames Water, it was reported on Wednesday.
Bank of Georgia delivers solid Q1 as profit jump
(Sharecast News) - First-quarter profits at Bank of Georgia were up by more than a fifth, helped by favourable macro conditions and the recent acquisition of Armenia's Ameriabank.
Czech's in the post as Kretinsky strikes £5.3bn deal for Royal Mail
(Sharecast News) - Royal Mail owner International Distribution Services on Wednesday said it had reached agreement with Czech billionaire Daniel Kretinsky on a takeover worth up to £5.3bn for the 500-year-old company.
Profits dip at Pets At Home despite revenues jump
(Sharecast News) - Pets At Home posted a jump in annual sales on Wednesday but saw profits fall back, hit by availability issues.
Deutsche Bank stays at 'buy' on Mitchells & Butlers on improved outlook for costs
(Sharecast News) - Analysts at Deutsche Bank placed a 'buy' recommendation on shares of Mitchells and Butlers following the pub owner's latest set of interim results.
Ofwat set to refuse water companies' price increases; shares hit
(Sharecast News) - UK water companies were under pressure on Tuesday following a report that Ofwat was set to refuse most companies' requests to hike consumer bills, with some getting as little as half of what they have asked for.
Boohoo u-turns on exec bonuses after investor outrage
(Sharecast News) - Fast fashion retailer Boohoo has backtracked on a plan to seek investor approval to hand £1m each in bonuses to co-founders Mahmud Kamani and Carol Kane along with chief executive John Lyttle.
Calliditas Therapeutics surges on SEK11.8bn takeover offer from Asahi Kasei
(Sharecast News) - Calliditas Therapeutics surged on Tuesday after Japan's Asahi Kasei offered to buy the Swedish drugs firm for around 11.8bn Swedish kronor.
Flutter Entertainment hit as Illinois Senate approves sports betting tax
(Sharecast News) - DraftKings and FanDuel owner Flutter Entertainment slid on Thursday after the Illinois Senate passed a bill that would make Illinois the second most expensive state for wagers to do business in.
T-Mobile to buy nearly all of US Cellular in $4.4bn deal
(Sharecast News) - T-Mobile said on Tuesday that it has agreed to buy nearly all of US Cellular's wireless operations in a $4.4bn deal.
Wednesday preview: Fedspeak, Beige Book in focus
(Sharecast News) - Investors' focus in the middle of the week will continue to be on the scheduled remarks of top Fed officials as investors continue to wait on the week's key release, the PCE price index on Friday.
Waystar looks to raise $1bn in Nasdaq IPO
(Sharecast News) - Healthcare payments software group Waystar announced on Tuesday that it is seeking to raise around $1bn in its stock-market debut this summer.
ABN Amro snaps up German private bank in €672m deal
(Sharecast News) - ABN Amro is to acquire German private bank Hauck Aufhauser Lampe in a €672m deal, it was confirmed on Tuesday.
Goldman Sachs downgrades Fevertree to 'sell'
(Sharecast News) - Goldman Sachs downgraded Fevertree to 'sell' from 'neutral' on Tuesday and cut the price target to 1,050p from 1,075p.
McLaren appoints three industry vets to board
(Sharecast News) - F1, motorsports and supercar maker McLaren Group has appointed three new boardmembers in recent weeks, just two months after the sovereign wealth fund of Bahrain took full ownership of the manufacturer.
NatWest banking app hit by IT glitch
(Sharecast News) - NatWest customers were unable to use the online banking app on Tuesday due to an IT glitch, with thousands unable to access balance and payment services.
Boohoo facing 'sizeable' revolt over executive bonuses - report
(Sharecast News) - Boohoo is reportedly facing a potential investor revolt over plans to pay out millions in executive bonuses at its June annual general meeting.
Jefferies has 'renewed confidence' for LSEG, hikes target price
(Sharecast News) - Jefferies has hiked its target price for London Stock Exchange Group (LSEG) from 1,110p to 1,150p and maintained a 'buy' rating, saying it sees "clear upside risk to consensus".
Persimmon eyes up possible £1bn Cala bid - report
(Sharecast News) - Persimmon saw its share price dip on Tuesday, after it was flagged as a potential buyer of rival housebuilder Cala.
Revolution Bars rejects Nightcap takeover proposal
(Sharecast News) - Revolution Bars said on Tuesday that it has rejected a rescue deal by Nightcap as it is "incapable of being delivered" and that it will press ahead with a £12.5m fundraising.
Adriatic Metals to raise $50m as Vares project ramps up
(Sharecast News) - Precious and base metals group Adriatic Metals has announced plans to raise $50m through a share placing as it "optimises" its balance sheet amid a ramp-up of its Vares project in Bosnia and Herzegovina.
Genuit on track despite Q1 'softness'
(Sharecast News) - Water, climate and ventilation solutions group Genuit has said its full-year outlook remains unchanged despite "market softness" since the start of 2024 as it continues to make improvements to underlying margins.
Softcat reaffirms full-year guidance
(Sharecast News) - Softcat said on Tuesday that full-year results were set to be in line with expectations.
Intermediate Capital sees annual profits jump 132%
(Sharecast News) - Investment firm Intermediate Capital Group (ICG) more than doubled profits in the year ended 31 March as it reported a huge increase in performance fee income, while assets under management rose by nearly a quarter.
Ithaca appoints ENI's Luciano Vasques CEO as Q1 profits fall
(Sharecast News) - North Sea oil and gas explorer Ithaca Energy on Tuesday said it had appointed ENI executive Luciano Vasques as chief executive officer following its £750m deal to buy almost all of the Italian firm's UK assets and reported a fall in first-quarter profits on weaker gas prices and lower production.
Victorian Plumbing upbeat for full year despite 'subdued' market
(Sharecast News) - Victorian Plumbing reported a dip in first-half revenues on Tuesday, on the back of a "subdued" trading environment.
AstraZeneca experimental lung cancer drug shows promising results
(Sharecast News) - AstraZeneca's experimental lung cancer drug showed improved overall survival rates in phase III trials, the pharmaceutical giant said on Tuesday.
Bunzl Nisbets purchase cleared by Ireland regulator
(Sharecast News) - Bunzl's £339m takeover of UK-based catering equipment provider Nisbets has been cleared by Ireland's competition regulator, the company said on Tuesday.
Gama Aviation in talks over potential acquisition of TJS
(Sharecast News) - Gama Aviation confirmed on Friday that it is in talks about the possible acquisition of Tyrolean Jet Services (TJS), an Austrian provider of aircraft management and charter services.
Frontier IP's Alusid launches another range with Topps Tiles
(Sharecast News) - Frontier IP announced on Friday that its portfolio company Alusid has launched its first range of floor tiles through Parkside Architectural Tiles, the commercial division of Topps Tiles.
Enteq appoints new head of finance
(Sharecast News) - Energy service engineering and technology company Enteq announced the appointment of Amir Absoud as its head of finance on Friday, to immediately succeed the current chief financial officer, Mark Ritchie.
EnSilica to raise £0.3m through retail offer
(Sharecast News) - EnSilica announced a retail offer through the Winterflood Retail Access Platform (WRAP) on Friday, to raise up to £0.3m.
Recurring revenue, adjusted earnings rise for Pulsar Group
(Sharecast News) - Audience intelligence software specialist Pulsar Group said in its final results on Friday that its annualised recurring revenue (ARR) increased £2.7m, a significant improvement from the flat performance in the prior financial year.
Tribal agrees £3.1m settlement with Nanyang Technological University
(Sharecast News) - Tribal Group announced a settlement agreement with Nanyang Technological University (NTU) on Friday, following mediation over their terminated contract.
Sunrise Resources reports progress on sold Crow Springs project
(Sharecast News) - Sunrise Resources updated the market on its royalty interest in the Crow Springs Diatomite Project in Nevada on Friday.
Genedrive test ordered by five Manchester area hospitals
(Sharecast News) - Point-of-care pharmacogenetic testing company Genedrive announced on Friday that it has received initial orders for its Genedrive MT-RNR1 products from five additional UK hospitals in the Greater Manchester area.
Trident announces first gold pour at Greenstone mine
(Sharecast News) - Trident Royalties announced a significant milestone at Equinox Gold's Greenstone Gold Mine in Ontario, Canada on Friday, with the inaugural gold pour at the mine producing 1,800 ounces of gold.
Viavi offer for Spirent Communications officially lapses
(Sharecast News) - Viavi Solutions confirmed on Friday that its proposed acquisition of Spirent Communications had lapsed.
Pantheon International net asset value broadly stable in April
(Sharecast News) - Pantheon International announced an unaudited net asset value per share of 489.7p as of 30 April on Friday, reflecting a 0.3% increase from the prior month.
Berenberg raises target price on BT Group following FY results
(Sharecast News) - Analysts at Berenberg raised their target price on telco giant BT Group from 135.0p to 155.0p on Friday, stating the group was now past the free cashflow trough.
Acciona trims earnings outlook, shares slide
(Sharecast News) - Shares in Spain's Acciona fell sharply on Friday, after the energy and construction conglomerate's first-quarter update disappointed.
Kinovo FY results seen ahead of prior expectations
(Sharecast News) - Property services group Kinovo said on Friday that it had delivered a "strong performance", with full-year results now anticipated to be ahead of prior expectations.
Citi upgrades Mondi to 'buy'
(Sharecast News) - Citi upgraded its stance on Mondi on Friday to 'buy' as it said that after a difficult couple of years, the market headwinds of destocking and lower pricing are reversing across the packaging company's product segments (board, flexibles, paper).
Coventry Building Society snaps up Co-op Bank in £780m deal
(Sharecast News) - Co-operative Bank Holdings is being taken over by Coventry Building Society in a £780m deal, it was confirmed on Friday, the latest consolidation in the UK banking sector.
Intertek hails 'strong' start to year, underpinned by consumer products arm
(Sharecast News) - Intertek backed its full-year expectations on Thursday as it hailed a strong start to the year, with 7% growth in like-for-like revenue, driven by a recovery in the consumer products segment.
Jury rules in favour of GSK in Zantac trial
(Sharecast News) - A court in Illinois has ruled in favour of GSK in the first Zantac case to go to trial, the UK drugs giant confirmed on Friday.
Stephen Bird stepping down as Abrdn CEO
(Sharecast News) - Abrdn announced a leadership transition on Friday, with group chief executive officer Stephen Bird stepping down.
AJ Bell founder Andy Bell sells 7.5m shares in placing, raises £28.1m
(Sharecast News) - AJ Bell said on Friday that founder Andy Bell sold 7.5m shares in the investment platform in a placing at 375p each, raising around £28.1m.
Ferrexpo inks MoU with Salzgitter Flachstahl
(Sharecast News) - Ukraine-focussed mining company Ferrexpo has signed a memorandum of understanding with Salzgitter Flachstahl for the supply of high-quality direct reduction iron ore pellets for low-carbon steel production.
Wood Group rejects new 220p-a-share offer from Sidara
(Sharecast News) - Wood Group said it had rejected a third unsolicited £1.52bn takeover proposal from rival Dubai-based engineering and consulting company Sidara, saying it continued to "significantly undervalue" the group and its prospects.
AJ Bell founder Andy Bell to sell 7.5m shares in placing
(Sharecast News) - AJ Bell said late on Thursday that founder Any Bell plans to sell around 7.5m ordinary shares in the investment platform in a placing.
Activist fund Palliser urges Rio Tinto to ditch London listing
(Sharecast News) - Activist hedge fund Palliser Capital urged Rio Tinto to shift its primary stock market listing from London to Sydney, it emerged on Thursday, to potentially increase its share price by nearly 40%.
Cohort ends year slightly ahead of expectations
(Sharecast News) - Technology company Cohort said in a trading update on Thursday that its full-year performance was slightly ahead of expectations, with growth in both revenue and profits year-on-year.
Moto owner CVC planning sale - report
(Sharecast News) - The owners of Moto, one of Britain's biggest operators of motorway service stations, are reportedly preparing to put the company up for sale for more than £2bn.
Friday preview: UK retail sales, US consumer confidence in focus
(Sharecast News) - Investors' focus at the end of the week will be on UK retail sales figures for April.
Royal Mail owner IDS delays results amid takeover bid
(Sharecast News) - Royal Mail owner International Distribution Services said on Thursday that it has had to delay the publication of its full-year results - which were originally due on Thursday morning - after auditor KPMG requested additional time to complete procedures.
EU slaps Mondelez with €337.5m fine
(Sharecast News) - Oreo cookie and Cadbury Dairy Milk parent Mondelez has been fined €337.5m by the European Commission for hindering trade between European Union countries in order to keep prices high.
NatWest share sale plan on hold after election called
(Sharecast News) - NatWest was trading lower on Thursday following reports that plans for a sale of shares in the bank to the general public have been put on hold after Prime Minister Rishi Sunak called a general election for 4 July.
HSBC fined £6.3m over treatment of customers in financial difficulty
(Sharecast News) - HSBC has been fined nearly £6.3m by the Financial Conduct Authority over its treatment of customers in financial difficulty.
Berenberg ups target price on Integrafin
(Sharecast News) - Analysts at Berenberg raised their target price on Integrafin shares from 360.0p to 390.0p on Thursday following the group's interim results a day earlier.
Avacta reports further progress in chemotherapy trial
(Sharecast News) - Avacta Group announced the successful completion of the first cohort and the start of dosing for three patients in the second cohort of the second arm in its phase one trial of AVA6000, a peptide drug conjugate form of doxorubicin chemotherapy, on Thursday.
Hill & Smith flags positive start to year
(Sharecast News) - Infrastructure products specialist Hill & Smith reported a positive start to the year in an update on Thursday, slightly exceeding expectations.
James Gorman to leave Morgan Stanley at end of year
(Sharecast News) - Morgan Stanley executive chairman James Gorman announced on Thursday that he would step down from his role at the end of the year, in remarks at the bank's annual shareholder meeting.
Essentra FY adjusted operating profits seen in line with expectations
(Sharecast News) - Essential components provider Essentra said on Thursday that it was on track to deliver full-year adjusted operating profits in line with internal expectations.
JPMorgan double upgrades Unilever to 'overweight'
(Sharecast News) - JPMorgan Cazenove double-upgraded Unilever on Thursday to 'overweight' from 'underweight' and hiked the price target to 5,100p from 3,600p after several years of caution on the equity story.
Shaftesbury Capital reports strong leasing activity since merger
(Sharecast News) - Shaftesbury Capital reported strong leasing activity and a robust financial profile in an update on Thursday.
Diamond sales lose shine at De Beers
(Sharecast News) - Rough diamond sales at De Beers fell in recent weeks, Anglo American said on Thursday, on the back of subdued demand.
Revenue, profits rise at newly-expanded Investec
(Sharecast News) - Investec reported a 5% rise in revenue in its final results on Thursday, to £2.09bn, driven by a strong performance from its corporate client franchises and the Investec Wealth & Investment division in South Africa.
Petershill Partners reiterates FY guidance, Q1 AuM grows
(Sharecast News) - Investment group Petershill Partners reiterated its full-year guidance on Thursday as it revealed assets under management had increased in the three months ended 31 March.
Energean reports strong first quarter
(Sharecast News) - Energean reported a strong first-quarter in an update on Thursday, with significant growth in both operational and financial metrics.
Public sector wins underpin growth for Bytes
(Sharecast News) - Bytes Technology Group reported a strong set of preliminary results on Thursday, as gross invoiced income (GII) surged 26.7% to £1.82bn, driven by major contract wins in the public sector, notably with the NHS and HMRC, and sustained demand from corporate clients.
Tate & Lyle reports solid year, completes Primient exit
(Sharecast News) - Tate & Lyle reported a robust full-year financial performance driven by strong profit and cash metrics on Wednesday, as it also announced the sale of its stake in American firm Primient.
Qinetiq upgrades full-year outlook, shares surge
(Sharecast News) - Defence technology firm Qinetiq surged on Thursday after lifting its full-year guidance as it reported a jump in underlying profit and revenue.
Competition watchdog launches probe into UK vet market
(Sharecast News) - The competition watchdog is to launch a full investigation into the UK's £5bn veterinary market, it was confirmed on Thursday, after an initial review prompted 56,000 responses.
Capital & Regional confirms takeover proposal from Vukile, expression of interest from NewRiver
(Sharecast News) - Capital & Regional surged on Thursday after confirming it had received a non-binding indicative proposal from Vukile about a possible cash and share offer and a separate expression of interest from NewRiver REIT.
British Land reports strong rental growth, fall in net tangible assets
(Sharecast News) - British Land highlighted strong rental growth and stable values in the second half of the year in its final results on Thursday.
Great Portland Estates acquires West End Flex conversion opportunity
(Sharecast News) - Property developer Great Portland Estates has acquired a West End Flex conversion opportunity at The Courtyard, WC1 from the City of London Corporation.
Scottish Mortgage NAV grows, Nvidia investment proves fruitful
(Sharecast News) - Investment trust Scottish Mortgage said on Thursday that its net asset value had grown in the twelve months ended 31 March, as its investment in chipmaker Nvidia helped boost earnings despite trading in what it called a "challenging" year.
Bakkavor lifts FY profit guidance after 'strong' Q1
(Sharecast News) - Food group Bakkavor lifted its full-year profit guidance on Thursday as it hailed a "strong" first-quarter performance.
'Subdued' mortgage market weighs on Nationwide
(Sharecast News) - Nationwide Building Society posted a dip in annual profits on Thursday, a day after Virgin Money shareholders voted in favour of the lender's £2.9bn takeover.
National Grid reports mixed year, announces £7bn rights issue
(Sharecast News) - National Grid shares were sliding on the release of its full-year results on Thursday morning, as it announced an equity raise of £7bn through a rights issue to support its future investments.
AJ Bell profits rise as platform customers reach milestone
(Sharecast News) - Investment platform AJ Bell hiked its dividend on Thursday as it hailed a "very strong" interim performance, posting a jump in profits and revenue as platform customers reached a milestone.
Eurozone economic recovery gathers pace in May
(Sharecast News) - The economic recovery in the eurozone gathered pace in May, according to preliminary figures released on Thursday.
Rolls-Royce makes 'strong start' to FY24
(Sharecast News) - Aerospace and defence business Rolls-Royce said on Thursday that it had made "a strong start to the year", building on its "record" performance in 2023 despite continued industry-wide supply chain challenges.
Johnson Matthey profit hit by lower PGM prices
(Sharecast News) - Johnson Matthey posted a fall in full-year underlying profit on Thursday as it was hit by lower metals prices.
Wizz Air returns to full-year profit amid 'sustained' demand
(Sharecast News) - Budget airline Wizz Air said on Thursday that it returned to profit in the year to the end of March amid "sustained" demand.
Aviva reports strong start to 2024
(Sharecast News) - Aviva has reported strong results for its first quarter on Thursday, with robust growth across its divisions as it maintained a solid capital position.
Hargreaves Lansdown rejects takeover offer from CVC-backed consortium
(Sharecast News) - Hargreaves Lansdown confirmed on Thursday that it had rejected a 985p per share takeover offer from a consortium comprising of CVC, Nordic Capital and Platinum Ivy, which is a wholly-owned subsidiary of Abu Dhabi Investment Authority.
Bloomsbury announces record revenue, chairman succession plans
(Sharecast News) - Bloomsbury Publishing reported exceptional financial results in its preliminary results on Thursday, reaching record high revenue and profit levels, as it also announced its chairman succession plans.
Thursday preview: Global PMIs, US data in focus
(Sharecast News) - Investors focus on Thursday will be on a raft of purchasing managers' survey results for manufacturing and services sector activity in the euro area, UK and US.
Anglo American rejects third and final takeover proposal from BHP
(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.
Anglo American rejects third and final takeover offer from BHP
(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.
Anglo American rejects third and final takeover offer from BHP
(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.
Cinven not planning to make an offer for Alpha Financial
(Sharecast News) - Alpha Financial Markets tumbled on Wednesday as it said private equity firm Cinven is not planning to make an offer for the financial services company.
Biogen to buy biotech Human Immunology Biosciences for up to $1.8bn
(Sharecast News) - Biogen said on Wednesday that it has agreed to buy Human Immunology Biosciences (HI-Bio) for up to $1.8bn.
Idox flags solid first-half revenue growth
(Sharecast News) - Information management software and geospatial data specialist Idox said in an update on Wednesday that it achieved revenue of around £43m in the first six months of the financial year, marking a year-on-year increase of over 20%.
Coventry reportedly finalising £780m Co-op Bank takeover
(Sharecast News) - Coventry Building Society is in the final stages of negotiating a £780m takeover of the Co-operative Bank, it emerged on Wednesday, aiming to complete the deal within days to avoid complications under the UK Takeover Code.
ITV makes investment in online estate agent Purplebricks
(Sharecast News) - Broadcaster ITV said on Wednesday that it has made an investment in online estate agent Strike, which trades as Purplebricks.
Berenberg re-initiates coverage of Weir at 'buy'
(Sharecast News) - Berenberg re-initiated coverage of Weir Group on Wednesday with a 'buy' rating and 2,600p price target as it argued the engineering firm is a "structural winner".
Anglo investor calls for 'meaningful' changes to BHP bid
(Sharecast News) - A leading shareholder in Anglo American said on Wednesday that BHP Group's blockbuster £34bn takeover offer required "meaningful revision".
Oaktree Capital takes ownership of Inter Milan following €395m default
(Sharecast News) - US investment fund Oaktree Capital revealed it has become the new owner of Italian football champions Inter Milan after the club's holding company defaulted on a €395.0m payment.
Zenova named as official NHS supplier
(Sharecast News) - Fire safety business Zenova said on Wednesday that it has been appointed as an official supplier to the NHS for its FX range of extinguishers, with an initial order already being shipped.
China hints at tariff hikes for large car imports
(Sharecast News) - China could raise import tariffs on large combustion engine cars, it was reported on Wednesday, weighing on the share price of European auto makers.
Sondrel names John Chubb as next CEO
(Sharecast News) - Turnkey services provider Sondrel revealed on Wednesday that John Chubb had been nominated as chief executive officer-designate, succeeding interim CEO David Mitchard.
Feedback FY revenues seen higher despite NHS contract delays
(Sharecast News) - Clinical infrastructure specialist Feedback said on Wednesday that full-year revenues were seen higher and that underlying losses had narrowed but warned that certain NHS procurement processes had been "more protracted".
Jefferies cuts rating on Assura to 'hold'
(Sharecast News) - Jefferies has trimmed both its rating and price target on Assura, the specialist UK property developer and investor.
Niox trading in line with expectations
(Sharecast News) - Asthma-focussed medical device company Niox said in an update on Wednesday that it continued to perform strongly in the year to date, meeting management expectations.
Empiric Student Property remains confident in FY outlook
(Sharecast News) - Student accommodation provider Empiric Student Property reiterated its confidence in its full-year outlook on Wednesday, stating the business was now "poised for growth".
Coats Group returns to revenue growth
(Sharecast News) - Industrial thread and footwear component manufacturer Coats Group reported a return to revenue growth for the period from 1 January to 30 April on Wednesday.
Close Brothers warns of higher full-year costs
(Sharecast News) - Close Brothers Group reported a steady performance across its divisions in the third quarter on Wednesday, but warned of higher costs for the rest of the financial year.
Playtech confident despite recent betting challenges
(Sharecast News) - Playtech reported a solid start to the year across its divisions in an update on Wednesday, despite some challenges around sports results.
4Imprint starts year strongly, announces CFO retirement
(Sharecast News) - Promotional products specialist 4imprint Group reported a strong operational and financial performance for the early part of 2024 on Wednesday, while also announcing the retirement of its chief financial officer.
HICL Infrastructure maintains dividend in tough market
(Sharecast News) - HICL Infrastructure reported a challenging but resilient performance in a difficult macroeconomic environment in its annual results on Wednesday, as income fell to £105.4m from £254.2m year-on-year.
IntegraFin reports record levels of funds under direction
(Sharecast News) - Investment platform operator IntegraFin reported a strong financial and operational first half on Wednesday, with a record high level of funds under direction (FUD) on its Transact platform of £61bn on 31 March.
Raspberry Pi confirms London IPO
(Sharecast News) - Computer maker Raspberry Pi confirmed on Wednesday that it plans to float on the London Stock Exchange, likely in June.
British Land reports robust second-half rental growth
(Sharecast News) - British Land reported robust second-half rental growth and stable property values in its final results on Wednesday, as its underlying profit rose 2% to £268m, while underlying earnings per share increased 1% to 28.5p.
Mitchells & Butlers sees FY results at top end of expectations
(Sharecast News) - Pub group Mitchells & Butlers said on Wednesday that its full-year results were set to be at the top end of consensus expectations as it reported a rise in first-half profit.
Severn Trent grows annual profits, lifts dividend
(Sharecast News) - Water group Severn Trent said it delivered an "industry-leading performance" with strong profit and revenue growth in the year where it invested more than ever before, helping the company to lift its final dividend by 9%.
SSE reports 'strong' full-year earnings performance
(Sharecast News) - SSE reported a "strong performance" in its preliminary results for the year on Wednesday, with earnings per share coming in at the top end of guidance despite profits slipping.
Ofcom fines BT £2.8m for knowingly breaching contract info rules
(Sharecast News) - Ofcom announced on Wednesday that it has fined BT Group £2.8m, for failing to provide more than one million customers with clear and essential contract information before signing up for services with its subsidiaries EE and Plusnet.
RS Group's underlying profits slump 25%
(Sharecast News) - RS Group saw annual profits drop by a quarter, which the industrial and electrical products provider blamed on weakness in global industrial production and the unwinding of unusual post-pandemic trading tailwinds.
Superdry planning potential emergency sale process - report
(Sharecast News) - Superdry is reportedly preparing to run an emergency four-week sale process if creditors block its founder's plans to inject up to £10m of his own money into the fashion chain in a bid to stave off insolvency.
THG investor to vote against chairman's reappointment
(Sharecast News) - Activist investor Kelso has said it will vote against the reappointment of e-commerce retailer THG chairman Charles Allen in protest to what it considers to be a lack of progress in reviving the company's stock.
Berenberg hikes target price on Kainos
(Sharecast News) - Analysts at Berenberg hiked their target price on software firm Kainos from 1,260.0p to 1,415.0p on Tuesday, citing "resilient profits" and a "positive outlook".
Wednesday preview: UK CPI, Fed minutes in focus
(Sharecast News) - The market spotlight in the middle of the week will be squarely on consumer and producer price figures due out in the UK.
Begbies Traylor flags earnings above expectations
(Sharecast News) - Professional services consultancy Begbies Traynor reported a robust financial performance for the year just ended on Tuesday, marking its ninth consecutive year of profit growth.
Epwin confident in meeting recently-hiked expectations
(Sharecast News) - Building products manufacturer Epwin Group said in an update on Tuesday that it was confident in delivering underlying operating profit for the year, in line with the recently-increased market consensus.
Barclays upgrades Wise to 'overweight'
(Sharecast News) - Barclays upgraded Wise on Tuesday to 'overweight' from 'equalweight' and lifted the price target to 1,000p from 800p.
Barclays upgrades Wise to 'overweight'
(Sharecast News) - Barclays upgraded Wise on Tuesday to 'overweight' from 'equalweight' and lifted the price target to 1,000p from 800p.
Topps Tiles swings to interim loss in challenging markets
(Sharecast News) - Topps Tiles said on Tuesday that it swung to an interim pre-tax loss as revenue fell in challenging trading conditions.
B90 Holdings to benefit from Oddsen marketing deals
(Sharecast News) - Gambling marketing and service provider B90 Holdings announced on Tuesday that its key affiliate, Oddsen.nu, has signed fixed listing fee marketing agreements expected to generate €0.2m in revenue for the group in 2024.
Cazoo reportedly lining up administrators
(Sharecast News) - Cazoo, the online car retailer once valued at over £5bn, looked set to enter administration on Tuesday, according to Sky News.
TheWorks FY revenues grow slightly in FY24
(Sharecast News) - Art and craft supplies retailer TheWorks said on Tuesday that revenues had modestly improved in the 53 weeks ended 5 May despite experiencing a slight decline in like-for-like sales.
Shoe Zone cuts full-year profit outlook, shares slide
(Sharecast News) - Shoe Zone cut its full-year pre-tax profit forecast on Tuesday due to higher wage bills and supply chain disruptions, as it reported flat interim profits.
Naked Wines FY earnings seen at higher end of previous guidance
(Sharecast News) - Online wine retailer Naked Wines said on Tuesday that full-year earnings would likely be at the higher end of previous guidance as it continues to make efforts to become "leaner and stronger".
Entain to offload Crystalbet after strategic review
(Sharecast News) - Gambling giant Entain announced the end of a strategic review by its capital allocation committee (CapCo) on Tuesday, which assessed its portfolio to optimise shareholder value and leverage operational progress, confirming that it would now look to offload its Georgian brand Crystalbet.
Judges Scientific reports subdued start to year
(Sharecast News) - Scientific instrument specialist Judges Scientific reported a subdued start to the year in an update on Tuesday, but said it was optimistic that it would still meet full-year consensus expectations.
Pennon reports revenue growth amid Brixham water crisis
(Sharecast News) - Embattled water utility Pennon Group reported strong financial and operational results for the 2024 financial year on Tuesday, but worked to reassure shareholders and customers amid a contamination crisis in its supply area.
Fresnillo optimistic despite 'challenging environment'
(Sharecast News) - Fresnillo reported increased silver production and gold output in line with guidance in an update on Tuesday, despite the nearing end of the Noche Buena mine, although its gross profit took a hit in 2023.
Greencore shares surge on bright outlook, share buyback
(Sharecast News) - Greencore Group's share price surged on Tuesday morning after the convenience food manufacturer reported a huge jump in first-half profits and launched a share buyback programme as it guided to full-year earnings ahead of market forecasts.
SSP reinstates interim dividend but profits drop
(Sharecast News) - Upper Crust and Ritazza owner SSP was under the cosh on Tuesday as it reinstated its interim dividend but posted a drop in first-half profits.
Cranswick FY profits rise as investment bears fruit
(Sharecast News) - Food producer Cranswick posted a jump in full-year profit and revenue on Tuesday as its investment programme bears fruit.
Vistry to construct partner-funded scheme in Ealing
(Sharecast News) - House-building company Vistry Group has been selected by Sovereign Network to construct and deliver a 100% partner-funded scheme at Merrick Place in Ealing worth £157.0m.
Dowlais FY revenues seen 'slightly below' prior year
(Sharecast News) - Engineering group Dowlais warned on Tuesday that full-year revenues were likely to be "slightly below" FY23 as a result of "increased volatility".
Assura reports rent growth, enters £250m joint venture
(Sharecast News) - Specialist healthcare property investor and developer Assura reported a rise in full-year net rental income on Tuesday, along with a strategic £250m joint venture with the Universities Superannuation Scheme (USS).
XP Power rejects £468m takeover proposal from Advanced Energy
(Sharecast News) - Advanced Energy said on Tuesday that it has made three possible all-cash offers for XP Power, the last of which valued the group at £468m.
Capita YTD adjusted revenues fall
(Sharecast News) - Professional services company Capita said on Tuesday that adjusted revenues had fallen in the four months ended 31 April as a result of local public service losses and reduced contract activity in defence and education.
Smiths Group sees organic growth accelerate in Q3
(Sharecast News) - Smiths Group reported an acceleration in sales growth in the third quarter despite tough comparators with last year, as the engineering firm reaffirmed its growth expectations for the full year.
AstraZeneca lays out plans to hit $80bn in revenues by 2030
(Sharecast News) - AstraZeneca has unveiled medium-term growth targets to nearly double group revenues by the end of the decade as it predicts significant growth from existing oncology, biopharmaceuticals and rare disease portfolios.
GSK reports promising results from asthma treatment trials
(Sharecast News) - GSK announced promising results from phase three clinical trials evaluating the efficacy and safety of depemokimab in treating severe asthma with type 2 inflammation on Tuesday.
Regulator probes lack of competition to Visa, Mastercard
(Sharecast News) - The Payment Systems Regulator (PSR) said in an interim report on Tuesday that Mastercard and Visa, the UK's two dominant payment card schemes, did not face effective competition in the supply of scheme and processing services to acquirers.
Kingfisher's LFL sales hit by France weakness
(Sharecast News) - Home improvement retailer Kingfisher has said that first-quarter like-for-like sales were down on last year on the back of weakness in France, with the decline picking up pace early into the second quarter.
Big Yellow full-year revenue, earnings rise
(Sharecast News) - Big Yellow Group reported robust revenue growth and increased profitability in its full-year results, released after markets closed on Monday.
AFC Energy inks deal to supply fuel cells to Niftylift
(Sharecast News) - Hydrogen power generation technology developer AFC Energy announced an agreement to supply its S Series fuel cell modules to Niftylift UK on Monday.
Tuesday preview: Fedspeak, BoE's Bailey in focus
(Sharecast News) - Investors' attention on Tuesday will be on a raft of speeches from top US central bank officials.
WH Ireland in talks with Zeus Capital about sale of capital markets arm
(Sharecast News) - Financial adviser WH Ireland confirmed on Monday that it is talks with UK investment bank Zeus Capital about the potential sale of its capital markets division.
Kefi shares pop on official launch of Tulu Kapi
(Sharecast News) - Kefi Gold and Copper officially launched the Tulu Kapi Gold Mines (TKGM) project in Ethiopia on Monday.
Sajid Javid reportedly in talks to join Shein ahead of London IPO
(Sharecast News) - Singapore-based fast fashion retailer Shein has reportedly approached the former chancellor Sajid Javid about joining the company ahead of its rumoured listing on the London Stock Exchange.
Bradda Head reaches settlement over fraudulent payment
(Sharecast News) - North America-focussed lithium developer Bradda Head announced on Monday that it has reached a settlement agreement over the fraudulent payment initially reported on 29 March 2022.
SDI Group set to end year in line with forecasts
(Sharecast News) - Scientific digital imaging, sensing and control technology company SDI Group said in a trading update on Monday that, pending its final accounts and audit, it expected to report revenue of £65.9m for the year, in line with current market expectations, but slightly down from £67.6m in 2023.
Haydale Graphene lowers revenue expectations
(Sharecast News) - Haydale Graphene lowered its forecast for full-year revenue to £4.7m in a trading update on Monday, down from current market expectations of £5.8m, but still an increase from the prior year's revenue of £4.3m.
Bigblu Broadband boss resigns after buying Norwegian assets from company
(Sharecast News) - Bigblu Broadband's share price dropped sharply on Monday after the rural broadband provider reported a drop in annual revenues and announced the immediate exit of its founder and chief executive officer as it offloaded its Norwegian operations.
Windward reports strong trading in year-to-date
(Sharecast News) - Maritime artificial intelligence (AI) company Windward reported strong trading and strategic progress for the 2024 financial year in an update on Monday.
Nexxen reaffirms guidance after strong first quarter
(Sharecast News) - Advertising technology company Nexxen International reported record programmatic revenue and significant growth in adjusted EBITDA in its first-quarter results on Monday.
Pressures are building for Imperial Brands, says Jefferies
(Sharecast News) - Jefferies has lifted its target price for Imperial Brands following a strong set of first-half results from the cigarette, tobacco and vape group last week, but has maintained a 'hold' rating, saying that pressures are building for the company.
ShoreCap says NatWest entering fair value territory, downgrades
(Sharecast News) - Shore Capital downgraded NatWest on Monday to 'hold' from 'buy' as it said the shares were "entering fair value territory".
PureTech Health launches $100m tender offer
(Sharecast News) - Clinical-stage biotherapeutics company PureTech Health launched a proposed $100m tender offer on Monday, aiming to repurchase shares at a fixed price of 250p each, or £25.00 per American depositary share (ADS).
Helical sells 50pc stake in City redevelopment
(Sharecast News) - Helical announced on Monday that it has sold a 50% stake in the redevelopment of 100 New Bridge Street, London EC4, to a vehicle led by Orion Capital Managers, for £55m on a preferred equity basis.
Harworth Group on track with development pipeline
(Sharecast News) - Land and property regeneration specialist Harworth Group said in an update on Monday that it was on track to achieve an EPRA net development value (NDV) of £1bn by the end of 2027.
Berenberg lowers target price on Kistos following FY results
(Sharecast News) - Analysts at Berenberg slashed their target price on independent energy company Kistos from 455.0p to 305.0p on Monday following the group's full-year results and updated guidance.
Victorian Plumbing acquires online retailer Victoria Plum for £22.5m
(Sharecast News) - Bathroom retailer Victorian Plumbing has acquired Doncaster-based rival AHK Designs for a purchase price of £22.5m, on a cash-free, debt-free basis.
Serica Energy gets final approval for Belinda field development
(Sharecast News) - Independent upstream oil and gas company Serica Energy announced the final approval from the North Sea Transition Authority (NSTA) to develop its wholly-owned Belinda field on Monday.
Deutsche Bank starts coverage of Trainline at 'buy'
(Sharecast News) - Deutsche Bank initiated coverage of Trainline on Monday with a 'buy' rating and 470p price target.
Citi downgrades Rio Tinto on rising China concerns
(Sharecast News) - Citi has cut its rating for Rio Tinto from 'buy' to 'neutral', saying that macro headwinds are rising for the mining group following a period of share-price outperformance.
Kainos shares surge as annual profits rise 14%
(Sharecast News) - Shares in Kainos jumped by a tenth on Monday after the Northern Ireland-based software group reported an increase in annual profits and hiked its dividend for the year to 31 March, as it announced the departure of its chair Tom Burnet.
Ryanair sees softer summer fares as profits take off
(Sharecast News) - Budget airline Ryanair on Monday reported higher annual profits but warned that summer airfares would be softer than anticipated.
British Land disposes of Meadowhall asset after 25 years
(Sharecast News) - Real estate investment trust British Land has its 50% stake in Sheffield retail destination Meadowhall for £360m, offloading an asset it has held for 25 years.
AstraZeneca announces $1.5bn Singapore manufacturing facility
(Sharecast News) - AstraZeneca announced plans to construct a $1.5bn manufacturing facility in Singapore on Monday, dedicated to the production of antibody drug conjugates (ADCs).
Keywords Studios confirms £2.2bn approach from Swedish PE firm EQT
(Sharecast News) - Keywords Studios said on Monday that it was "minded to accept" a £2.2bn takeover proposal from Swedish private equity firm EQT Partners if it makes a firm offer.
Hilton Food sees trading in line despite tough environment
(Sharecast News) - Hilton Food said trading in the year to date had been in line with expectations, with volumes and sales ahead of last year despite a challenging economic environment and lower raw materials prices in some of its markets.
Berenberg hikes target price on FRP Advisory
(Sharecast News) - Analysts at Berenberg raised their target price on liquidators FRP Advisory from 175.0p to 200.0p on Friday, stating the group's FY24 update delivered "sizeable upgrades".
Hummingbird announces restart at Kouroussa
(Sharecast News) - Hummingbird Resources announced the remobilization of Corica Mining Services at the Kouroussa Gold Mine in Guinea on Friday, after a work stoppage on March 17.
Drilling to start on Oracle's Northern Zone project
(Sharecast News) - Oracle Power announced on Friday that drilling is set to start next week at the Northern Zone Gold Project, 25 kilometres east of Kalgoorlie in Western Australia.
Fulcrum Metals extends date for sale of uranium assets
(Sharecast News) - Fulcrum Metals announced an extension to the completion date for the proposed sale of its Saskatchewan uranium projects to Terra Balcanica Resources on Friday.
PipeHawk subsidiary awarded £0.75m contract
(Sharecast News) - PipeHawk announced on Friday that an unnamed building materials company had awarded its subsidiary QM Systems a significant contract.
First Property warns of loss in year just ended
(Sharecast News) - First Property Group said in an update on Friday that its underlying trading profits for the year ended 31 March were expected to align with market forecasts.
Ethernity inks investment deal with New Tech Capital
(Sharecast News) - Network processing semiconductor technology specialist Ethernity Networks announced a structured investment agreement with New Technology Capital Group (New Tech) on Friday.
CMA drops investigation into Microsoft-Mistral AI partnership
(Sharecast News) - The Competition and Markets Authority (CMA) announced on Friday that the partnership between Microsoft and Mistral AI did not qualify for a full investigation under the merger provisions of the Enterprise Act.
Petra Diamonds reports mixed results from latest tender
(Sharecast News) - Petra Diamonds announced the results of its sixth tender for the 2024 financial year on Friday, revealing a mixed performance in its rough diamond sales.
Chrysalis confident in Wefox despite reports of insolvency risk
(Sharecast News) - Chrysalis Investments addressed recent media coverage concerning its portfolio company, Wefox on Friday, after Sky News reported that the European insurer had warned of an insolvency risk.
The Body Shop administrators to put retailer up for auction
(Sharecast News) - The Body Shop administrators will put the chain up for auction after concluding that an alternative restructuring of the high-street retailer would not be viable.
Morgan Stanley downgrades Auto Trader to 'underweight'
(Sharecast News) - Morgan Stanley downgraded Auto Trader on Friday 'underweight' from 'equalweight' and cut the price target to 600p from 625p.
Richemont names Nicholas Bos as CEO
(Sharecast News) - Luxury goods business Richemont re-established the role of chief executive officer on Friday as the Swiss group continues to navigate a market downturn.
FRP Advisory FY profits seen ahead of expectations
(Sharecast News) - Business advisory firm FRP Advisory said on Friday that both full-year revenue and profits were set to come in ahead of expectations, leaving the group confident for the year ahead.
Eurozone inflation steady in April
(Sharecast News) - Eurozone inflation was unchanged in April, as expected, according to figures released by Eurostat on Friday.
Renold renews partnership with British Cycling
(Sharecast News) - Renold said on Friday that it has renewed its partnership with British Cycling for a further three years.
Sainsbury's enters five-year AI partnership with Microsoft
(Sharecast News) - J Sainsbury announced a five-year partnership with Microsoft on Friday, aimed at enhancing customer and colleague experiences through artificial intelligence (AI).
GSK raises £1.25bn from sale of remaining Haleon stake
(Sharecast News) - GSK said on Friday that it has sold its remaining 4.2% stake in consumer health business Haleon, which it spun off in July 2022.
Unilever licks off first tranche of share buyback programme
(Sharecast News) - Unilever announced the start of its €1.5bn share buyback programme on Friday, kicking off the first tranche of up to €850m worth of shares.
Land Securities nearly halves FY losses
(Sharecast News) - Commercial properties business Land Securities said on Friday that losses had nearly halved in the twelve months ended 31 March amid continued operational strength, as values for best assets began to stabilise.
Sirius Real Estate raises €59.9m in bond tap for acquisitions
(Sharecast News) - Business park owner Sirius Real Estate said it had raised €59.9m through a bond note issue to fund a "significant pipeline" of potential acquisitions.
GSK to sell remaining 4.2% stake in Haleon
(Sharecast News) - GSK said on Thursday that it plans to sell its entire remaining 4.2% stake in Haleon.
Michelmersh reports positive order momentum
(Sharecast News) - Specialist brickmaker Michelmersh reported continued positive order intake momentum in an update on Thursday, aligning with market expectations.
Ilika losses narrow in year of progress
(Sharecast News) - Solid-state battery technology developer Ilika reported full-year growth in a trading update on Thursday, alongside significant advancements in its 'Stereax' manufacturing and 'Goliath' product development.
M&C Saatchi trading in line, agrees sale of Swiss operation
(Sharecast News) - M&C Saatchi continued positive momentum from the second half of 2023 in a trading update on Thursday, with overall performance in line with expectations.
Quantum Blockchain settles with some Sipiem defendants
(Sharecast News) - Quantum Blockchain Technologies announced a significant development in its ongoing legal case involving its wholly-owned subsidiary Clear Leisure 2017, and Sipiem in Liquidazione, on Thursday.
Quantum Blockchain settles with some Sipiem defendants
(Sharecast News) - Quantum Blockchain Technologies announced a significant development in its ongoing legal case involving its wholly-owned subsidiary Clear Leisure 2017, and Sipiem in Liquidazione, on Thursday.
AIG sells $3.8bn stake in Corebridge to Nippon Life
(Sharecast News) - American insurance giant AIG on Thursday announced the sale of a 20% stake in retirement and insurance firm Corebridge Financial to Japanese peer Nippon Life for $3.8bn.
H&T Group trading as expected in year-to-date
(Sharecast News) - Pawnbroker and jewellery retailer H&T Group said in an update on Thursday that its trading performance since the start of the year had been in line with expectations, marked by strong demand for pledge loans.
Friday preview: China activity data, Land Securities in focus
(Sharecast News) - The market spotlight at the end of the week will shift to Asia Pacific.
EC launches formal probe into how Meta protects minors
(Sharecast News) - The European Commission has launched formal proceedings to investigate whether Meta may have breached the Digital Services Act (DSA) through how it treats and protects minors on Facebook and Instagram.
Redecentric FY earnings grow, four 'larger customers' unexpectedly cancel contracts
(Sharecast News) - Cyber security firm Redcentric said on Thursday that both revenue and earnings had grown in the year ended 31 March but noted it had experienced installation delays at the London Technology Centre and contract cancellations by several large customers.
Angle reports promising results from Parsortix study
(Sharecast News) - Angle, the AIM-listed liquid biopsy company which specialises in circulating tumour cell (CTC) solutions, has announced the results of a clinical study which show that its Parsortix system could be used to predict progression-free survival in patients with ovarian cancer.
Secure Trust Bank reports positive first quarter
(Sharecast News) - Specialist lender Secure Trust Bank reported a positive first quarter in a trading update on Thursday, with growth in net lending balances and progress in cost-saving initiatives under Project Fusion.
Chevron preparing to sell UK North Sea oil and gas assets - report
(Sharecast News) - Chevron is reportedly set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the US energy firm's exit from the ageing basin after more than 55 years.
Thames Water's biggest shareholder withdraws from board
(Sharecast News) - Thames Water's largest shareholder has withdrawn its representative from the crisis-hit utility's board, it was confirmed on Thursday.
US healthcare firm AOTI planning £160m London float - report
(Sharecast News) - US woundcare technology developer AOTI is reportedly preparing to push the button on a London stock market flotation next month.
Accsys Technologies CFO departs after 13 months
(Sharecast News) - AIM-listed Accsys Technologies has announced that its chief financial officer is leaving the wood products group after just a year in the role.
Barclays upgrades on Travis Perkins to 'overweight'
(Sharecast News) - Barclays has raised its rating on builders merchant Travis Perkins from 'equal weight' to 'overweight', saying that the stock is an "undervalued UK recovery play".
Berenberg lowers target price on Treatt, stays at 'buy'
(Sharecast News) - Analysts at Berenberg cut their target price on food ingredients manufacturer Treatt from 700.0p to 580.0p on Thursday as its "slow start" to FY24 resulted in a downgrade to full-year revenue growth guidance.
Water Intelligence continues on 'solid growth trajectory'
(Sharecast News) - Leak detection and remediation solutions provider Water Intelligence said on Thursday that its "solid growth trajectory" had continued over the three months ended 31 March in terms of both revenue and profits.
Diaceutics strikes two new enterprise-wide agreements
(Sharecast News) - Technology and solutions provider Diaceutics has struck two new enterprise-wide agreements, taking the total number to six engagements, across 29 separate therapeutic brands.
United Utilities FY profits grow amid Windermere sewage spill controversy
(Sharecast News) - United Utilities said on Thursday that both revenue and operating profits had grown in the twelve months ended 31 March as it continues to be engulfed in a massive sewage spill controversy.
Roche sees positive results from weight-loss trials
(Sharecast News) - Roche reported positive trial results for its experimental weight loss treatment on Thursday, sending shares in the Swiss drugs group higher.
Tullow Oil on track to hit production and cash flow guidance
(Sharecast News) - Tullow Oil has said it's on track to deliver full-year guidance and remains well placed to capitalise on a higher oil-price environment.
Rental income rises as Grainger reports robust demand
(Sharecast News) - Listed residential landlord Grainger reported an 11% increase in first-half net rental income on Thursday, to £53.2m, continuing its upward trajectory since its 'strategic restart' in 2016.
Revenue slips further amid tough market for Tyman
(Sharecast News) - Window and door components supplier Tyman reported a 5% decrease in group revenue for the period from 1 January to 30 April on Thursday, to £205m, reflecting a 4% decline on a like-for-like basis.
Tritax EuroBox annualised rent shrinks after disposals
(Sharecast News) - Logistics-focussed property investor Tritax EuroBox reported a 10.1% increase in IFRS rental income to €35.9m (£30.8m) on Thursday, driven by rent indexations, asset management initiatives, and the conversion of rental guarantees into income.
Future to return £45m to investors, shares soar
(Sharecast News) - Future unveiled plans to return a further £45m to shareholders on Thursday, sending the shares higher, despite a fall in half-year revenues and profits.
Auction Technology maintains guidance despite earnings fall
(Sharecast News) - Auction Technology Group reported 6% growth in first-half revenue on Thursday, to $86m (£67.81m), driven by strong growth in value-added services and contributions from 'EstateSales'.
First-quarter earnings jump at Helios Towers
(Sharecast News) - Telecom equipment specialist Helios Towers reiterated its full-year outlook on Thursday, after a jump in first-quarter earnings.
Costain YTD trading in line with internal expectations
(Sharecast News) - Construction and engineering company Costain said on Thursday that its year-to-date trading performance was in line with internal expectations, with the group continuing to have "a high-quality forward work position".
Vistry lifts housebuilding target as forward sales surge
(Sharecast News) - Vistry lifted its annual homebuilding target to more than 18,000 driven by a 10% year-on-year rise in forward sales.
Convatec shares slump on wound care uncertainty
(Sharecast News) - Shares in medtech group Convatec slumped on Thursday despite the company keeping its top-level guidance for 2024, though growth forecasts in the Advanced Wound Care division have been reduced due to "short-term uncertainty".
AstraZeneca's Covid drug meets trial endpoints
(Sharecast News) - AstraZeneca said on Thursday that its investigative drug sipavibart had shown positive results in preventing Covid-19 in vulnerable patients.
Watches of Switzerland shares surge on 'cautiously optimistic' outlook, Q4 sales
(Sharecast News) - Shares in Watches of Switzerland surged 15% on Thursday as the luxury timepiece retailer said it was "cautiously optimistic" about future trading after a 4% rise in sales in the final quarter of its financial year driven by a strong performance in the US.
Premier Foods full-year results beat expectations
(Sharecast News) - Mr Kipling owner Premier Foods said on Thursday that its full-year performance was ahead of expectations and it returned to volume growth in the fourth quarter.
Sage Group shares fall on guidance downgrade
(Sharecast News) - Sage Group shares were well into the red on Thursday morning, despite reporting a robust first-half performance, as the company downgraded its guidance.
Siemens revenue stable despite fall in orders
(Sharecast News) - Siemens reported relatively stable revenue in its second quarter on Thursday, despite a 12% decline in comparable orders, reflecting a high volume of large orders in the mobility segment.
BT impresses with cost-savings plan despite profit slump
(Sharecast News) - Telecoms giant BT saw shares pop on Thursday despite reporting a 31% drop in annual profits in the year to 31 March, as the company laid out plans to save £3bn of costs a year by the end of the decade.
EasyJet chief to step down next year
(Sharecast News) - EasyJet chief executive Johan Lundgren is to step down after more than seven years in the role, the budget carrier said on Thursday.
Wood Group rejects second takeover proposal from Sidara, shares tumble
(Sharecast News) - Wood Group tumbled on Wednesday after saying it had rejected a second, improved £1.5bn takeover proposal from Dubai-based engineering and consulting company Sidara.
Thames Water investors set to quit boards - report
(Sharecast News) - Representatives of Thames Water's multinational syndicate of shareholders are reportedly set to quit as directors of its corporate entities after refusing to inject the billions of pounds of funding required to bail it out.
Royal Mail owner IDS recommends revised £3.5bn takeover offer from EP Group
(Sharecast News) - Shares in Royal Mail owner International Distributions Services (IDS) surged on Wednesday afternoon after its board recommended a revised offer from billionaire Daniel Křetínský's EP Group which values the company at £3.5bn.
Harland & Wolff hits back at 'misleading' report over possible closure
(Sharecast News) - UK shipbuilder Harland & Wolff has dismissed "misleading and inaccurate" suggestions that it could close after a newspaper report stated the government was about to block a financial support package to keep the Belfast firm afloat.
Top Mission Group shareholder says Brave Bison bid 'highly unattractive'
(Sharecast News) - A top Mission Group shareholder said on Wednesday that Brave Bison's 29p-a-share takeover offer for the digital marketing agency was "highly unattractive".
Alba reports better-than-expected waste tip gold findings
(Sharecast News) - Alba Mineral Resources announced the successful extraction of high-grade gold from samples obtained during the trenching programme at the historic waste tip within its wholly-owned Clogau-St David's Gold Mine in North Wales on Wednesday.
Abingdon Health launching saliva pregnancy test with Boots
(Sharecast News) - Lateral flow contract development and manufacturing organisation Abingdon Health announced the launch of Boots' own-brand saliva pregnancy self-test across the UK and online on Wednesday, in collaboration with Salignostics and Crest Medical.
Commerzbank ups NII guidance after stellar Q1
(Sharecast News) - German banking group Commerzbank has raised its forecast for net interest income by €200m after a strong performance in the first three months of the year - its best quarter in more than a decade.
Empire Metals reports latest findings from Pitfield drilling
(Sharecast News) - Empire Metals unveiled the analytical lab results from the final 22 reverse circulation (RC) drill holes at the Pitfield Project in Western Australia on Wednesday.
RBC Capital lifts price target on DCC
(Sharecast News) - RBC Capital Markets lifted its price target on DCC on Wednesday to 5,800p from 5,700p after full-year results a day earlier.
Itim Group wins five-year contract renewal with Majestic Wine
(Sharecast News) - Retail software-as-a-service provider Itim Group announced the renewal of a five-year multi-million-pound contract with Majestic Wine on Wednesday, for its 'Unify' platform.
Clontarf shares pop on progress in Bolivia
(Sharecast News) - Clontarf Energy shares were surging on Wednesday, as it reported significant progress in in Bolivia's lithium sector.
Equals Group extends offer deadline as review continues
(Sharecast News) - Equals Group updated the market on its ongoing strategic review on Wednesday, confirming an extension of the put-up or shut-up deadline.
Griffin Mining revenue, profits jump in 2023
(Sharecast News) - Griffin Mining reported a substantial increase in revenue in its final results for 2023 on Wednesday, to $146.02m, compared to $94.4m in 2022.
Thursday preview: Philly Fed index, BT Group in the spotlight
(Sharecast News) - Investors' focus on Thursday will be on a raft of economic reports due out in the States.
Henry Boot wins £36m Rotherham Markets contract
(Sharecast News) - Henry Boot announced on Wednesday that its construction arm has secured a pivotal contract from Rotherham Council.
Savills trading ahead of last year despite subdued market
(Sharecast News) - Savills said in an update on Wednesday that its performance for the year-to-date aligned with expectations, surpassing the corresponding period last year.
Zotefoams reports significant milestone in carton commercialisation
(Sharecast News) - Shares in material solutions group Zotefoams jumped on Wednesday after the company reported progress towards the commercialisation of its ReZorce beverage cartons.
Thyssenkrupp lowers full-year guidance again
(Sharecast News) - German industrial conglomerate Thyssenkrupp has cut its forecasts for full-year sales and net profit as a result of volume reductions and lower steel prices, along with write-downs that will impact the bottom line.
Berenberg raises target price on Shell
(Sharecast News) - Analysts at Berenberg raised their target price on energy giant Shell from 2,950.0p to 3,400.0p on Wednesday, stating the group was "still on the right track".
4Global FY revenues seen higher on strong H2 trading performance
(Sharecast News) - Data and technology company 4Global said on Wednesday that full-year revenues were on track to grow following a "strong" H2 trading performance.
Interest earning balances slip at Vanquis
(Sharecast News) - Vanquis Banking Group reported gross customer interest earning balances of £2.23bn at the end of its first quarter on Wednesday, reflecting a slight decline from the £2.35bn it reported as at 31 December.
Lords flags 'uncertain' market conditions
(Sharecast News) - Building materials distributor Lords Group Trading warned of challenging market conditions on Wednesday, after unseasonably wet weather compounded tough trading.
DSW Capital FY adjusted pre-tax profits fall
(Sharecast News) - Professional services business DSW Capital said on Wednesday that adjusted pre-tax profits had contracted in the year ended 31 March but said network revenues and total income from licensees were expected to be in line with current expectations.
TP Icap Q1 revenues down against strong comparator
(Sharecast News) - Financial services firm TP ICAP said on Wednesday that revenues were down year-on-year in the three months ended 31 March against a strong Q123 performance.
Full-year revenues motor ahead at Vertu
(Sharecast News) - Vertu Motors reported record revenues on Wednesday, despite difficult market conditions and falling used car prices.
Gross premiums rise in strong quarter for Conduit
(Sharecast News) - Conduit Holdings reported a 28.3% increase in gross premiums written in its first quarter on Wednesday, reaching $356.8m for the three months ended 31 March.
Senior's long-serving finance director to retire
(Sharecast News) - Senior, the FTSE 250-listed engineering and manufacturing group, has announced that its finance director of seven years is to retire.
Hunting sees FY at top end after $145m Kuwait deal boosts order book
(Sharecast News) - Global engineer Hunting said full-year earnings would be at the upper end of expectations after winning a $145m order with the Kuwait Oil Company.
Vesuvius confident for full-year despite 'difficult' market conditions
(Sharecast News) - Engineering firm Vesuvius reiterated its full-year guidance on Wednesday, despite seeing "subdued" steel markets throughout the first quarter.
Redde Northgate FY24 trading finishes 'positively'
(Sharecast News) - Vehicle rental and repair services business Redde Northgate said on Wednesday that it had finished FY24 "positively", continuing the trends seen in the first half, with vehicle supply continuing to improve.
Consortium of investors sells £1.6bn stake in LSEG
(Sharecast News) - A consortium of investors has sold about £1.6bn worth of shares in London Stock Exchange Group.
Experian shares surge on sales growth guidance
(Sharecast News) - Shares in credit-checking and data giant Experian surged on Wednesday after the company delivered annual results at the top end of expectations and guided to an acceleration in top-line growth for the coming year.
Keller shares surge after earnings upgrade
(Sharecast News) - Shares in Keller surged by 20% after the geotechnical engineer said its annual earnings would be "materially ahead" of expectations after a strong performance in the first four months of the year.
Britvic announces third £75m share buyback as interim profits rise
(Sharecast News) - Drinks company Britvic posted a jump in interim profit and revenue on Wednesday and announced a £75m share buyback, as it highlighted "strong" customer demand for its brands.
Tritax EuroBox regears leases on Belgian asset
(Sharecast News) - European logistics real estate company Tritax EuroBox said it had agreed a lease re-gear, a new lease and associated solar PV Power Purchase Agreement (PPA) at Logistics Park Bornem, Belgium.
Imperial Brands reiterates full-year outlook despite profits dip
(Sharecast News) - Tobacco giant Imperial Brands reiterated its full-year outlook on Wednesday, despite a fall in interim profits and sales.
TUI halves first-half losses after record Q2
(Sharecast News) - A record performance in the second quarter helped travel firm TUI grow first-half revenues by 15% and more than halve underlying losses, as it reconfirmed its guidance for the full year.
Raspberry Pi confirms plans for London listing
(Sharecast News) - Computer maker Raspberry Pi confirmed on Wednesday that it is planning to list on the main market of the London Stock Exchange.
Compass lifts full-year outlook after strong first half
(Sharecast News) - Food and support service provider Compass Group raised its full-year guidance on Wednesday, after reporting an 11.2% increase in first-half revenue to $20.9bn, alongside an 18.7% surge in operating profit to $1.47bn.
Spirax Group keeps sales guidance, but FX to weigh on profits
(Sharecast News) - Engineering firm Spirax Group has maintained its guidance for organic sales growth this year despite ongoing weakness in the wider market, though foreign exchange headwinds will impact profits more than previously thought.
Marshalls revenues fall 10% amid weak housing market
(Sharecast News) - Landscaping and building products supplier Marshalls said revenues fell 10% in the four months to April 30 as weak demand in the housing and maintenance market continued, adding that it still expected flat profits for 2024.
Profits slide at Burberry as luxury demand slows
(Sharecast News) - Burberry Group warned of a challenging first half on Wednesday, after slowing luxury demand dented annual sales and profits.
Klarna edges closer to $20bn float - report
(Sharecast News) - Buy now pay later firm Klarna has reportedly cleared a crucial hurdle on its journey towards a stock market flotation expected to value it at as much as $20bn (£15.9bn).
Mears Group wins £125m contract in North Lanarkshire
(Sharecast News) - UK housing services providers Mears Group has won a contract with North Lanarkshire Council worth £125m, the company announced on Tuesday.
Wednesday preview: US CPI, Burberry in the spotlight
(Sharecast News) - Wednesday will bring with it the week's key risk event - barring surprises - in the form of the latest US consumer price report.
Barclays lifts Unilever target price after strong Q1
(Sharecast News) - Barclays has lifted its target price for Unilever following the consumer-goods group's well-received first-quarter results last month, saying the current quarter could beat expectations.
Serica Energy taps Chris Cox as its new CEO
(Sharecast News) - Independent upstream oil and gas firm Serica Energy announced the appointment of Chris Cox as its new chief executive officer on Tuesday, effective 1 July.
Revenue rises, profits set to shrink for Gateley
(Sharecast News) - Professional services group Gateley said in an update on Tuesday that it expected robust revenue growth of 5.7% for the financial year just ended, surpassing £172m, compared to £162.7m in the prior year.
Renew Holdings reports another record trading performance
(Sharecast News) - Engineering services group Renew Holdings reported another record trading performance in its half-year results on Tuesday, with revenue rising 17.2% year-on-year to £552.8m.
OPEC holds production forecasts, plans to use OPEC+ outlook
(Sharecast News) - OPEC held global oil demand forecasts on Tuesday, adding that there was some upside potential for economic growth this year and beyond, and said it would also start using production from the wider OPEC+ group for forecasts.
IQGeo to be taken private by KKR in £316m deal, shares surge
(Sharecast News) - Shares of IQGeo Group surged on Tuesday as it agreed to be taken over by private equity firm KKR in a £316m deal.
CMA mulling over Pennon-SES deal
(Sharecast News) - Watchdog the Competition and Markets Authority said on Tuesday that it may accept Pennon Group's solutions to address concerns regarding the water utility outfit's purchase of Sutton and East Surrey Water, potentially clearing a path for the deal to go through.
Amaroq Minerals makes strong progress in first quarter
(Sharecast News) - South Greenland-focussed mine developer Amaroq Minerals reported decent operational progress in its first quarter on Tuesday, as it maintained a robust total liquidity position of $96.31m in cash reserves, undrawn revolving credit facilities, and available funds.
Hutchmed China launches two cancer treatment trials
(Sharecast News) - Hutchmed China announced the start of two significant clinical trials on Tuesday, aimed at addressing critical unmet needs in cancer treatment.
Home Depot Q1 revenue beats forecasts, comparable sales miss
(Sharecast News) - Home Depot reported a slight dip in first-quarter comparable sales on Tuesday, although its earnings per share of $3.63 slightly surpassed analysts' expectations of $3.60.
Aptitude Software confident in full-year performance
(Sharecast News) - Aptitude Software said in an update on Tuesday that it was confident in its performance for 2024, as ongoing organisational changes yielded positive progress, particularly in accelerating Fynapse readiness and delivery, supported by strategic partnerships.
Lobby group CBI to cut more jobs
(Sharecast News) - The Confederation of British Industry is to further reduce its workforce, it was reported on Tuesday, as it continues to recover from last year's sexual misconduct scandal.
Foxconn Q1 profits jump 72% as AI server demand soars
(Sharecast News) - Taiwanese electronics giant and iPhone assembler Foxconn on Tuesday reported a huge surge in first-quarter profits as it delivered a confident outlook for the current quarter due to strong demand for its AI servers.
On the Beach warns of 'challenging' value trading, on track for 'record summer'
(Sharecast News) - Online travel agency On the Beach warned that trading in the package holidays market had been "challenging" but still said it expects to deliver "a record summer" in terms of bookings.
Virgin Money delivers continued momentum in H1, Q2 trading seen broadly in line
(Sharecast News) - Lender Virgin Money said on Tuesday that it has delivered "continued business momentum during H1", with trading in Q2 broadly as anticipated.
Treatt strikes upbeat tone for full year
(Sharecast News) - Extracts and ingredients specialist Treatt confirmed full-year guidance on Tuesday, after interim operating profits jumped.
Luceco revenue, profits rise in first quarter
(Sharecast News) - Wiring accessories, electric vehicle chargers, LED lighting and portable power products specialist Luceco reported strong first-quarter revenue growth on Tuesday, rising 6.2% year-on-year to £51m, or 4.5% on a like-for-like basis.
FDM trading in line as softer market persists
(Sharecast News) - It professional services provider FDM Group said in an update on Tuesday that the group had performed in line with the board's expectations in the first four months of the year.
Greggs delivers decent growth but valuation remains full, says Shore Capital
(Sharecast News) - Shore Capital has maintained a 'hold' rating on Greggs despite a strong start to the year from the bakery chain, saying that the shares look "up with events for now".
Revolution Bars sale process yields no takeover proposals
(Sharecast News) - Revolution Bars Group shares were sinking on Tuesday morning, after the company issued an update on the formal sale process, first announced on 10 April.
Delivery Hero shares surge as Uber buys Taiwan business for $950m
(Sharecast News) - Shares in Delivery Hero surged by more than 20% after it agreed to sell its Foodpanda delivery business in Taiwan to ride-hailing giant Uber for $950m.
Shares slide as Midwich warns on profits
(Sharecast News) - Shares in Midwich Group fell sharply in early trading on Tuesday, after the audio visual specialist warned on profits.
Marston's delivers 'strong' LFL sales growth in H1, sees busy summer ahead
(Sharecast News) - Brewing company Marston's said on Tuesday that it had delivered "strong" like-for-like sales growth in H1, driving "good growth" in pub operating profits.
Headlam warns on profits, cites weak housing market
(Sharecast News) - Headlam slid on Tuesday as it warned on full-year profits, citing a weak housing market and a deterioration in consumer spending.
Hochschild Mining delivers commercial production in Brazil
(Sharecast News) - Precious metals miner Hochschild Mining has achieved commercial production at the Mara Rosa gold mine in Brazil, a "significant milestone" that has been hit ahead of schedule.
Greggs holds guidance as sales make strong start
(Sharecast News) - UK bakery chain Greggs maintained full year earnings forecasts as underlying sales grew 7.4% in the first 19 weeks of this year in what it called a "challenging market".
Tritax EuroBox offloads Gothenburg asset as disposals continue
(Sharecast News) - Logistics real estate investor Tritax EuroBox is to sell a Gothenburg warehouse for SEK385m (£28m) as the company continues to dispose of assets to reduce leverage.
Citi opens 'positive catalyst watch' on Inchcape
(Sharecast News) - Citi opened a 'positive catalyst watch' on shares of Inchcape on Tuesday, as it said the car dealership "has a unique consolidation opportunity within the automotive distribution market".
Annual profits spark at DCC
(Sharecast News) - Ireland's DCC reported a jump in annual profits on Tuesday, on the back of strong trading in its core energy division.
Anglo unveils radical portfolio shake-up after rejecting BHP offer
(Sharecast News) - Anglo American has announced a "major new phase" in its strategy as it makes radical changes to its business structure to drive shareholder returns and save costs, including the divestment or spin-off of its steelmaking coal, nickel, platinum and diamond operations.
Flutter confident despite wider quarterly net loss
(Sharecast News) - Flutter reported a net loss of $177m in its first quarter on Tuesday - a $66m increase year-on-year, which it attributed to non-cash charges of $356m.
Currys lifts full-year profit expectations
(Sharecast News) - Electricals retailer Currys lifted its full-year profit expectations on Tuesday as it hailed a return to like-for-like sales growth.
Vodafone FY cash flow better than expected after strong Q4
(Sharecast News) - Troubled telecoms giant Vodafone posted slightly better annual results than forecast, driven by a strong final quarter, as it continued to offload businesses and move towards its tie-up with rival operator Three.
Walgreens contacting potential buyers for Boots - report
(Sharecast News) - Walgreens Boots Alliance is reportedly reaching out to potential buyers of the £7bn ($8.8bn) Boots chemist chain.
Active Energy in various talks over future of CoalSwitch
(Sharecast News) - Active Energy, a renewable energy company specialising in biomass-based solutions, said in an update on Monday that it had entered discussions with various parties regarding strategic opportunities and the potential sale of its 'CoalSwitch' assets.
Pilots at easyJet reportedly reject pay offer
(Sharecast News) - Pilots at easyJet could be on strike over the crucial summer holiday period, it emerged on Monday, amid reports their union had rejected a pay offer.
Tuesday preview: UK employment, Fed's Powell, Vodafone in focus
(Sharecast News) - Investors' attention will be trained on the latest UK employment report on Tuesday.
Squarespace to go private in $6.9bn deal with Permira
(Sharecast News) - Web design and hosting platform Squarespace announced on Monday that it is to go private in a $6.9bn all-cash transaction with global private equity firm Permira.
Treasury reportedly planning significant sale of NatWest stake
(Sharecast News) - The Treasury is finalising plans for a significant sale of its remaining stake in NatWest Group, it was reported on Monday, in a bid to expedite the bank's privatisation and stimulate retail investment in the UK.
Anglo American rejects second, £34bn takeover offer from BHP
(Sharecast News) - BHP said on Monday that Anglo American has rejected a revised offer from the Australian miner which valued the company at £34bn.
BofA Merrill Lynch downgrades BAE Systems
(Sharecast News) - BAE Systems was under the cosh on Monday after Bank of America Merrill Lynch downgraded shares of the defence company to 'neutral' from 'buy'.
Golden Metal reports exploration progress at Pilot Mountain
(Sharecast News) - Golden Metal Resources updated the market on exploration activities at its wholly-owned Pilot Mountain Project on Monday, in the prolific Walker Lake Mineral Belt in Nevada.
Bezant Resources starts geophysical surveying at Kanye
(Sharecast News) - Bezant Resources announced the start of geophysical surveying at the Kanye battery manganese project in Botswana on Monday, following positive outcomes from phase two metallurgical test work.
Hercules Site Services trading as expected in first half
(Sharecast News) - Infrastructure labour supply company Hercules Site Services said in a trading update on Monday that its performance aligned with market expectations for the full year ending 30 September, with projected revenue exceeding £47m for the first half.
Zoo Digital confident in meeting full-year expectations
(Sharecast News) - Entertainment localisation and media service provider Zoo Digital Group said in an update on Monday that it has renewed its debt facilities with HSBC for an additional 12 months, amounting to $3m.
Anglesey Mining receives last Parys Mountain infill assay results
(Sharecast News) - Anglesey Mining announced the receipt of assay results for drill hole NCZ003 on Monday, marking the completion of the third hole in the infill drilling programme at the Parys Mountain copper-zinc-lead-silver-gold VMS project on the Isle of Anglesey in North West Wales.
Jaywing makes board changes amid mixed trading
(Sharecast News) - Jaywing announced a number of changes to its board on Monday, with chief executive officer Andrew Fryatt having resigned, effective immediately.
FRP Advisory acquires Hilton-Baird in £7m deal
(Sharecast News) - FRP Advisory Group announced on Monday that it has finalised the acquisition of Hilton-Baird Group, a commercial finance and risk management specialist, for £7m.
Trufin trades 'significantly ahead' of market expectations
(Sharecast News) - Financing services firm TruFin said on Monday that its full-year trading performance was now expected to be "significantly ahead" of market expectations.
Mediazest delivers 'positive' H1 performance
(Sharecast News) - Audio-visual solutions provider Mediazest said on Monday that it had delivered a "positive" first-half performance, with strong momentum also continuing into H2 with further contract wins.
Asda submits plans to redevelop store, build 1,500 homes in NW London
(Sharecast News) - UK supermarket group Asda on Monday revealed plans to redevelop a 10-acre site in North West London, hoping to create a new town centre that includes 1,500 new homes.
Acuity RM wins three-year contract with UK government
(Sharecast News) - Software group Acuity RM has won a three-year contract worth more than £500,000, all of which will be payable in the current financial year.
Aptamer sales pipeline 'strong', more than £3m in advanced discussions
(Sharecast News) - Life sciences business Aptamer said on Monday that its current sales pipeline was "strong", with over £3.0m in advanced stage discussions.
Team Internet pleased with first-quarter performance
(Sharecast News) - Team Internet Group reported organic revenue growth of 8% for the 12 months through March on Monday, with gross revenue increasing 1% to $195.9m in the first quarter year-on-year, while net revenue rose 4% to $47.6m, with a gross margin increase from 23.5% to 24.3%.
Raspberry Pi preparing for £500m float - reports
(Sharecast News) - British technology firm Raspberry Pi is preparing for a £500m initial public offering (IPO) this month, it was reported on Sunday.
SoftBank trims annual losses as NAV jumps
(Sharecast News) - Japanese tech investment management giant SoftBank saw shares rise on Monday after reporting a significant drop in full-year losses and a near-doubling in net asset value.
Former UK minister Nadhim Zahawi appointed chair of Very Group
(Sharecast News) - Controversial former UK finance minister Nadhim Zahawi has been appointed as chair of online retailer Very Group, just days after confirming that he would step down from parliament at the next general election.
Cerillion H1 profits grow, customer pipeline hits fresh record
(Sharecast News) - Telecommunications company Cerillion said on Monday that both profit and revenue had grown in the six months ended 31 March, again setting new records for its key performance indicators.
Harbour Energy notes 'significant' gas discovery in Indonesia
(Sharecast News) - Harbour Energy noted on Monday that operator Mubadala Energy has made a "significant" discovery at the Tangkulo-1 exploration well on the South Andaman licence in Indonesia, in which it has a 20% interest.
JPMorgan sees further upside at IAG despite recent rally
(Sharecast News) - British Airways owner IAG's stock was making gains on Monday following positive comments from JPMorgan, which said that earnings momentum should continue to take the shares higher.
Rio Tinto automated iron ore train derails in Western Australia
(Sharecast News) - An automated iron ore train operated by mining giant Rio Tinto has derailed after colliding with a set of stationary wagons in north-western Australia on Monday, the company said.
Gulf Keystone launches $10m share buyback amid strong operations
(Sharecast News) - Kurdistan-focussed energy company Gulf Keystone updated the market on its operations on Monday, initiating a $10m share buyback programme aimed at enhancing shareholder value.
Phoenix Group CFO to step down
(Sharecast News) - Savings and retirement group Phoenix has announced that its chief financial officer of four years is to step down later this year.
Mission Group rejects 29p a share takeover offer from Brave Bison
(Sharecast News) - Digital marketing agency Mission Group said on Monday that it had rejected a takeover proposal from rival Brave Bison which valued the group at around 29p a share.
Victrex sees H1 profits drop, expects H2 improvement
(Sharecast News) - High-performance polymers group Victrex said underlying profits dropped by a third in the first half after an 11% drop in volumes, though results did see a sequential improvement in the second quarter.
Unite Group sells six properties
(Sharecast News) - Unite Group announced the sale of six properties to PGIM Real Estate on Monday, for £184m, with its share amounting to £76m.
Diploma shares hit record high on FY guidance upgrade
(Sharecast News) - Shares in Diploma hit a record high on Monday as the specialist product distribution business lifted annual guidance after a 17% rise in adjusted half-year earnings, boosted by acquisitions.
Motors.co.uk said to be circling Cazoo Group
(Sharecast News) - Privately owned used-car platform Motors.co.uk is reportedly circling Cazoo Group, which is on the brink of administration.
Honda guides to profit decline this year as sales stall
(Sharecast News) - Japanese carmaker Honda said that annual profits are expected to fall after a huge jump in the year just gone, with currency movements and rising costs estimated to weigh on the bottom line.
Polarean shares jump on MRI system order
(Sharecast News) - Advanced MRI technology specialist Polarean Imaging shares were surging on Friday, after receiving its second de novo order for a new Xenon MRI System from the University of Alabama at Birmingham (UAB) Hospital.
Ascent upbeat on progress as Lisbon Valley gas and helium investment
(Sharecast News) - Ascent Resources updated the market on operations in its investment into GNG Partners, the owner of the 60 million standard cubic feet Lisbon Valley gas and helium processing plant in Utah, on Friday.
Celadon Pharmaceuticals raises £2.1m for working capital
(Sharecast News) - Medical cannabis specialist Celadon Pharmaceuticals announced on Friday that it has raised £2.1m to provide it with additional working capital.
Novavax signs $1.2bn Covid-19 licensing deal with Sanofi, shares rocket
(Sharecast News) - Shares of US biotech firm Novavax rocketed on Friday after it signed a $1.2bn licensing agreement with French pharmaceutical group Sanofi to commercialise its Covid-19 vaccine from next year.
Dekel reports solid year-to-date palm oil production
(Sharecast News) - Dekel Agri-Vision reported a solid set of production numbers for April at its Ayenouan palm oil project in Côte d'Ivoire on Friday.
88 Energy announces 2D seismic contract in Namibia
(Sharecast News) - 88 Energy announced the awarding of a contract for a 2D seismic acquisition programme for its PEL 93 licence in Namibia on Friday.
Artemis raises AUD 2.9m to fund further exploration
(Sharecast News) - Artemis Resources announced on Friday that it has successfully secured firm commitments for a capital raising of AUD 2.87m (£1.51m), priced at AUD 0.01275 per share, with significant support reported from both sophisticated and institutional investors.
JPMorgan still positive on UK banks despite potential rate cuts
(Sharecast News) - JPMorgan has said that dovish comments from the Bank of England this week don't alter its constructive view on UK banking stocks, even if interest rates do fall more sharply than markets are currently pricing in.
Ultimate Products warns of continued trading weakness
(Sharecast News) - Ultimate Products reported further weakness in third-quarter trading on Friday, as consumer demand reportedly remained weak.
NextEnergy Solar extends £70m Santander credit facility
(Sharecast News) - NextEnergy Solar Fund announced the extension of its existing £70m short-term revolving credit facility (RCF) with Santander on Friday.
Berenberg hikes target price on John Wood
(Sharecast News) - Analysts at Berenberg raised their target price on engineering and consulting business John Wood Group from 150.0p to 220.0p on Friday following the group's first-quarter trading statement that came hot on the heels of news that it had rejected a takeover bid at 205.0p per share.
Jefferies upgrades GCP Infrastructure Investments to 'buy'
(Sharecast News) - Infrastructure investment firm GCP was performing well on Friday after analysts at Jefferies upgraded their rating on the stock from 'hold' to 'buy' following the recent disposal of the Blackcraig Wind Farm.
Mothercare shares slide as group enters refinancing negotiations
(Sharecast News) - Retailer Mothercare shares nosedived in early trading as the group revealed it had entered refinancing negotiations as demand for its products continued to be subdued.
Cairn Homes maintains guidance as demand stays strong
(Sharecast News) - Irish homebuilder Cairn Homes has reiterated its full-year guidance after a strong start to the year, saying demand for new homes remains "exceptionally high", as it reported a forward order book of more than €1bn.
S4 Capital reports weaker first quarter, as expected
(Sharecast News) - Digital advertising and marketing services company S4 Capital reported a decline in net revenue in its first quarter on Friday, which it put down to ongoing client caution and a decrease in activity within its technology services segment.
TT Electronics reiterates FY outlook, YTD revenues down 2%
(Sharecast News) - Electronic components TT Electronics reiterated its full-year outlook on Friday despite "continuing global macroeconomic uncertainty".
CRH revenues rise as strong NA growth offsets weakness in Europe
(Sharecast News) - London-listed shares in CRH rose on Friday after the builders' merchant said it made a solid start to 2024 in the seasonally least significant quarter, with revenues rising on the back of positive pricing, early-season activity and favourable weather in key markets.
C&C backs guidance as it delays FY results
(Sharecast News) - Bulmers, Magners and Tennent's owner C&C Group reaffirmed its annual guidance on Friday as it said full-year results will be delayed as additional time is needed to complete a review of certain non-cash accounting measurements relating to previous financial periods.
Aquila calls off merger talks with Octopus Renewables
(Sharecast News) - Merger talks between Octopus Renewables Infrastructure Trust (ORIT), the clean energy investment fund of Octopus Energy Group, and smaller peer Aquila European Renewables (AERI) have been called off after AERI rebuffed an indicative offer.
TBC Bank in £22m share buyback as Q1 profits jump
(Sharecast News) - Georgia's TBC Bank reported higher first-quarter profit as net interest income jumped 21%, driven by higher interest rates and a "dynamic" loan book as it also launched a 75 million Georgian lari (£22.4m) share buyback.
Bytes Technology appoints Sam Mudd as permanent CEO
(Sharecast News) - Bytes Technology Group announced the appointment of Sam Mudd as its permanent chief executive officer on Friday, as it also welcomed two independent non-executive directors to its board.
Rightmove paints upbeat picture as customer numbers grow
(Sharecast News) - Property portal Rightmove has reiterated its revenue and profit guidance for the full year, but upgraded its customer growth expectations after a strong start to the year.
FRC makes final decisions in KPMG's Carillion audit failures
(Sharecast News) - The Financial Reporting Council (FRC) announced historic penalties against KPMG and two former partners on Friday, in its final decision round audit failures linked to the collapsed Carillion.
IAG sees strong summer demand as Q1 profits take off
(Sharecast News) - British Airways owner IAG said it was "well positioned" for the summer after posting a huge rise in first quarter profit on the back of strong leisure travel demand, especially over the Easter holidays.
Barclays sees huge upside for NatWest despite recent rally
(Sharecast News) - NatWest's share-price surge since the start of the year could well continue, according to analysts at Barclays, who hiked their target price for the stock on Thursday.
Light Science Technologies shares jump on South Africa deal
(Sharecast News) - Shares in Light Science Technologies Holdings (LSTH) surged on Thursday after the AIM-listed company signed an exclusive distribution agreement to market and sell its nurturGROW vertical farming lights in South Africa.
Tertiary Minerals moves towards operations at Mupala
(Sharecast News) - Tertiary Minerals announced on Thursday that its Environmental Project Brief (EPB) for the Mupala Copper Project in Zambia had been approved, paving the way for mineral exploration activities to start.
Keras Resources restarts activities at Nayega mine
(Sharecast News) - Keras Resources announced the resumption of activities at the Nayéga manganese mine in Northern Togo on Thursday, after signing a cooperation agreement with the Republic of Togo on 17 May.
Uniphar upbeat after successful 2023
(Sharecast News) - Uniphar said in an update on Thursday that 2023 was a successful year, as it doubled its 2018 pro-forma EBITDA, ahead of the timeframe it laid out at its initial public offering.
PetroTal sales, production meet first-quarter forecasts
(Sharecast News) - PetroTal said in an update on Thursday that sales and production in its first quarter averaged 18,347 and 18,518 barrels of oil per day respectively, marking its second-best quarter to date and aligning with guidance.
IP Group's Hysata completes $111m series B funding
(Sharecast News) - IP Group announced the completion of a $111m series B funding round by its Australian portfolio company Hysata on Thursday.
Triple Point reviewing investment management arrangements
(Sharecast News) - Triple Point Social Housing announced an independent review of its investment management arrangements on Thursday, in a bid to enhance shareholder value.
Avon Protection inks £38m contract with UK MoD
(Sharecast News) - Avon Protection announced a contract with the UK Ministry of Defence (MoD) on Thursday, for the provision of General Service Respirators (GSR) and associated in-service support.
HgCapital reports robust first-quarter performance
(Sharecast News) - HgCapital Trust reported a robust first-quarter portfolio performance on Thursday, resulting in a total return net asset value (NAV) increase of 3% to reach a NAV per share of £5.11, totaling £2.3n in net assets.
Berenberg slightly raises target price on Helios
(Sharecast News) - Analysts at Berenberg slightly raised their target price on telecommunications tower infrastructure company Helios Towers from 170.0p to 185.0p on Thursday, stating the group was now "poised for value creation".
Clarksons still upbeat despite tough conditions for investment banking
(Sharecast News) - Clarksons, which provides services and investment banking to the shipping industry and offshore markets, has said it made a positive start to the year and that full-year expectations remain unchanged despite "challenging" conditions in the financial division.
Robinson sees strong H2 momentum carry over into 2024
(Sharecast News) - Plastic and paperboard packaging manufacturer Robinson said on Thursday that momentum experienced in the second half of 2023 has continued into 2024.
Nissan profits jump 92%, but China sales fall
(Sharecast News) - Motor manufacturer Nissan said annual profit jumped 92% to 426.6 billion yen (£2.1bn), driven by higher sales in all major global markets except China.
BBVA makes hostile takeover bid for Banco Sabadell
(Sharecast News) - Spanish banking group BBVA has proposed a hostile takeover of smaller peer Banco Sabadell, taking its €12.2bn offer directly to shareholders after the latter's board rejected an approach earlier this week.
Syncona reports positive findings from investee Freeline
(Sharecast News) - Life science investor Syncona reported positive findings from its portfolio company Freeline Therapeutics on Thursday, after a phase one and two study of its gene therapy candidate for Gaucher disease, 'FLT20', showed encouraging results.
Telefónica maintains outlook after Q1 beat
(Sharecast News) - Spanish telecoms giant Telefónica has reiterated its full-year outlook after a better-than-expected first-quarter performance, with net income rising almost 80% on the year before.
Eckoh FY adjusted operating profits 'marginally ahead' of expectations
(Sharecast News) - Data security solutions business Eckoh said on Thursday that adjusted operating profits were "marginally ahead of market expectations" in the year ended 31 March despite seeing full-year revenues decrease.
Spire Healthcare trading in line with outlook
(Sharecast News) - Spire Healthcare said in an update on Thursday that its recent trading had been robust, in line with the positive momentum seen since it announced its results on 29 February.
Harbour Energy hikes FY dividend, 'on track' to complete Wintershall acquisition in Q4
(Sharecast News) - Oil and gas business Harbour Energy hiked its full-year dividend on Thursday as its transformational takeover of German rival Wintershall was "on track" to complete in Q4.
Q1 production levels rise at Genel Energy
(Sharecast News) - Iraq-focused oil explorer Genel Energy said its first-quarter performance was ahead of schedule with the business in a "robust financial position".
ITV revenues hit by US actors' and writers' strike
(Sharecast News) - Broadcaster ITV reported a fall in first-quarter revenues on Thursday, dragged lower by the production arm which was hit by the US writers' and actors' strike.
Morgan Advanced Materials revenue rises in first quarter
(Sharecast News) - Morgan Advanced Materials said in an update on Thursday that in the first three months of the year, it saw a notable increase in sales, with a 12% rise on an organic constant currency basis compared to the same period last year.
Blackstone leads Hipgnosis race as Concord says no encore
(Sharecast News) - Private equity giant Blackstone appeared to have emerged as the winner in the race to buy troubled music rights owner Hipgnosis Songs Fund after Apollo-backed Concord said its latest $1.25-a-share offer was final.
Diversified Energy delivers 'solid' Q1 performance
(Sharecast News) - Oil production company Diversified Energy reported "solid" Q1 results on Thursday as it said ongoing cost-cutting efforts were already paying off.
Derwent delivers solid rental growth in Q1
(Sharecast News) - Property investor and developer Derwent London has said that healthy demand has driven rental growth since the start of 2024.
Synthomer first-quarter trading in line
(Sharecast News) - Chemicals company Synthomer said on Thursday that first-quarter trading was in line with its expectations at the start of the year and that it continues to expect to make some earnings progress in 2024.
Wood Group Q1 EBITDA rises but revenues fall
(Sharecast News) - Wood Group posted a rise in first-quarter EBITDA but a drop in revenue on Thursday, a day after saying it had rejected a £1.4bn takeover proposal from Dubai-based Sidara.
Balfour Beatty makes progress on several major projects, retains guidance
(Sharecast News) - Balfour Beatty has reiterated its guidance for profit growth in 2024 after an in-line performance from the infrastructure group since the start of the year.
Apax Partners sells 27m shares in Baltic Classifieds in placing
(Sharecast News) - Apax Partners has sold 27m shares in Baltic Classifieds in a placing, according to a filing by Merrill Lynch International.
Watches of Switzerland buys Roberto Coin Inc for $130m
(Sharecast News) - Watches of Switzerland Group said it had bought Roberto Coin Inc for $130m as it looks to expand into the luxury jewellery market.
3i Group reports 'strong' results in challenging year
(Sharecast News) - 3i Group reported a 'strong' set of results in what it described as a challenging year on Thursday, with a total return of £3.84bn, representing a 23% return on opening shareholders' funds.
FX movements wipe $1bn off Airtel's top line
(Sharecast News) - Africa-focused telecoms group Airtel was hit hard by a drop in the Nigerian naira in the year to 31 March, with a $549m negative FX headwind pushing it into the red on a pre-tax basis and taking more than $1bn off the top line.
Rathbones Group makes 'positive start' to FY24
(Sharecast News) - Wealth manager Rathbones said on Thursday that it had made a "positive start" to FY24, partly due to its merger with Investec Wealth & Investment back in 2023.
IMI Q1 revenues rise 4%; FY guidance held
(Sharecast News) - Specialist engineering firm IMI on Thursday said trading remained in line with expectations as first-quarter revenue rose 4% year on year.
BAE holds guidance, sees boost from global tensions
(Sharecast News) - Weapons maker BAE Systems held annual guidance and said global geopolitical tensions should boost orders as countries increased defence spending.
UK's CMA to investigate GXO's acquisition of Wincanton
(Sharecast News) - The UK's Competition and Markets Authority said on Wednesday that it was launching an investigation into GXO Logistics' £762m acquisition of Wincanton, which completed at the end of last month.
Thursday preview: Bank of England, China trade data in the spotlight
(Sharecast News) - The Bank of England's latest policy decision will be front and centre on Thursday with quite a few economists - albeit not all - increasingly anticipating interest rate cuts sooner rather than later.
Shell sells Singapore refinery to Glencore joint venture
(Sharecast News) - Energy giant Shell has announced that it is selling its interest in Singapore's Energy and Chemicals Park, the company's largest petrochemical production and export centre in Asia Pacific.
AFC Energy chooses Illuming Power as manufacturing partner
(Sharecast News) - Hydrogen power generation technology specialist AFC Energy announced the selection of North American manufacturer Illuming Power as its primary producer of fuel cell plates and stacks for its 'S Series' air-cooled platform.
Mike Ashley's Fraser close to tie-up with Ted Baker - report
(Sharecast News) - Mike Ashley is reportedly close to securing a deal to become the new British partner of struggling UK fashion chain Ted Baker.
Wood Group surges after rejecting 205p a share takeover proposal from Sidara
(Sharecast News) - Wood Group surged on Wednesday after saying it had rejected a 205p a share takeover proposal from Dubai-based engineering and consulting company Sidara, valuing it at more than £1.4bn.
Puma sales inch higher on DTC surge
(Sharecast News) - Puma's share price rose strongly on Wednesday after the sporting goods manufacturer delivered an in-line first-quarter performance, with surging direct-to-consumer (DTC) sales making up for weakness in wholesale, as the company reiterated its growth guidance for the full year.
Acuity RM enters partnership with BSI Group
(Sharecast News) - Software company Acuity RM announced a significant partnership between its subsidiary Acuity Risk Management (ARML) and BSI Group on Wednesday.
TSB to cut jobs, close branches
(Sharecast News) - British high street lender TSB is to cut more than 200 jobs and close branches, it was confirmed on Wednesday.
Butterfield out, Sedgwick in as Alliance Pharma CEO
(Sharecast News) - Alliance Pharma announced a significant leadership transition on Wednesday, with chief executive Peter Butterfield stepping down from his role to pursue other business interests.
MaxCyte reports strong first quarter
(Sharecast News) - MaxCyte reported total first-quarter revenue of $11.3m in an update on Wednesday, making for a 32% increase compared to the same period in 2023.
Berenberg raises target price on Frontier Developments
(Sharecast News) - Analysts at Berenberg hiked their target price on video game business Frontier Developments from 170.0p to 300.0p on Wednesday, stating the group's strategy was "showing signs of promise".
Andrews Sykes profit rises, revenue falls
(Sharecast News) - Shares in Andrews Sykes Group were in the green on Wednesday, after it reported a mixed set of results for the 2023 financial year.
PetroTal to acquire 100% interest in Peru's Block 131
(Sharecast News) - PetroTal announced the signing of a definitive agreement to acquire a 100% working interest in Block 131 in Peru on Wednesday, including the producing Los Angeles field, through the acquisition of CEPSA Peruana.
Toyota projects fall in profits after bumper fourth quarter
(Sharecast News) - Toyota Motor projected a 20% decrease in profit for the current financial year on Wednesday, as it planned large investments in both suppliers and strategic initiatives after a strong fourth-quarter performance.
Eric Sanderson appointed as chair of Digital 9
(Sharecast News) - Digital 9 Infrastructure announced the appointment of Eric Sanderson as its independent non-executive chair on Wednesday, to oversee the company's wind-down.
Ithaca Energy in line for potential credit rating upgrades
(Sharecast News) - UK North Sea oil and gas operator Ithaca Energy said in an update on Wednesday that both Moody's Ratings and Fitch Ratings were considering an upgrade to its corporate family rating.
Ocean Wilsons reports strong first quarter
(Sharecast News) - Ocean Wilsons issued a strong first-quarter update on Wednesday, reporting that as of 31 March its investment in Wilson Sons stood at $890.2m, translating to $25.17, or £19.94, per share.
Shares jump as Siemens Energy ups outlook
(Sharecast News) - Shares in Siemens Energy sparked on Wednesday, after the German group upped its full-year outlook on the back of strong quarterly numbers.
BNP Paribas searching for buyer for Strutt and Parker - report
(Sharecast News) - BNP Paribas is reportedly looking for a buyer for Strutt and Parker, having bought the upmarket UK estate agent seven years ago.
Uber shares fall on first-quarter update
(Sharecast News) - Shares in Uber Technologies fell sharply on Wednesday, after quarterly numbers disappointed.
Brighton Pier Group swings to loss
(Sharecast News) - Brighton Pier Group said on Wednesday that it swung to a full-year loss as revenue fell amid challenging trading conditions.
Higher costs weigh on earnings at BMW
(Sharecast News) - Shares in Germany's BMW Group came under pressure on Wednesday, after higher manufacturing costs weighed on quarterly earnings.
UBS upgrades Centrica, sees shares as 'cheap'
(Sharecast News) - UBS has upgraded its rating for British Gas owner Centrica from 'neutral' to 'buy', saying that the stock carries too large a discount associated with its capital deployment plans.
Burberry CFO to take short leave of absence
(Sharecast News) - Burberry said on Wednesday that chief financial officer Kate Ferry will be taking a short leave of absence after undergoing "unscheduled surgery".
Lords Group names Stuart Kilpatrick as new CFO
(Sharecast News) - Building materials business Lords Group has appointed Stuart Kilpatrick as its next chief financial officer.
XP Factory delivers continued growth in Q1
(Sharecast News) - Leisure businesses operator XP Factory said on Wednesday that it had delivered continued growth in Q1, setting its full-year performance on a course to meet guidance.
Alstom to cut debt through €1bn rights issue
(Sharecast News) - French train maker Alstom announced plans to raise €1bn from shareholders on Wednesday, as it looks to slash debt.
STV Studios wins three BBC Daytime commissions
(Sharecast News) - STV Group announced on Wednesday that its STV Studios division has secured three recommissions from BBC Daytime.
Plant Health Care FY revenues down, US sales boost YTD performance
(Sharecast News) - Peptides provider Plant Health Care said on Wednesday that although full-year revenues were down in 2023, US sales throughout the first four months of FY24 had boosted year-to-date revenues.
AB Inbev's Q1 volumes fall less than expected
(Sharecast News) - Shares in Anheuser-Busch InBev were rising strongly in Brussels after the Belgian beverages giant reiterated its full-year guidance following better-than-expected first-quarter volumes.
SoftBank in talks to buy UK's Graphcore - report
(Sharecast News) - Japan's SoftBank is reportedly in talks to buy Graphcore, a struggling British semiconductor start-up once valued at $2.8bn.
Workspace poaches Capital & Regional boss as new CEO
(Sharecast News) - Office provider Workspace has appointed Capital & Regional boss Lawrence Hutchings as its chief executive designate to replace its current CEO who announced his retirement in January.
3i Infrastructure tops full-year total return target
(Sharecast News) - 3i Infrastructure announced a successful financial year on Wednesday, reporting an 11.4% return for the 12 months ended 31 March, topping its target for a total return of 8% to 10% per annum over the medium term.
JD Wetherspoon sees FY profits at top of market forecast
(Sharecast News) - Pub group JD Wetherspoon said on Wednesday that full-year profits were set to be towards the top of market expectations as it reported a jump in third-quarter sales, boosted by sales of traditional ales and Guinness.
Direct Line Q1 premiums up on price hikes
(Sharecast News) - UK insurer Direct Line on Wednesday reported a large rise in first-quarter written premiums as it hammered consumers with price hikes.
Boohoo full-year losses widen amid 'challenging' trading conditions
(Sharecast News) - Fast-fashion retailer Boohoo reported a widening of its full-year losses on Wednesday in "challenging" trading conditions, as it was hit by inflation and weaker demand.
OSB Q1 performance 'stable', reiterates FY guidance
(Sharecast News) - Lending and retail savings group OSB said on Wednesday that its Q1 financial and operational performance was "stable", with underlying net interest margins on track to meet full-year guidance.
Informa ups buyback after strong start to 2024
(Sharecast News) - B2B events, publishing and data group Informa has lifted its share buyback programme by 50% after announcing a strong operating performance for the first four months of the year, with revenues, profits and cash flow expected to reach the upper end of guidance.
Renishaw lowers upper end of FY revenue, profit guidance
(Sharecast News) - Technical instruments maker Renishaw on Wednesday lowered the upper end of full-year guidance amid what it described as "mixed" markets as earnings fell over the first nine months of its financial year.
Asia Dragon shares surge on Ashoka merger proposal
(Sharecast News) - Shares in the Abrdn-run Asia Dragon Trust spiked on Tuesday after the £35m Ashoka Whiteoak Emerging Markets made a merger approach for its much larger rival.
Jefferies raises target price on Mondi
(Sharecast News) - Jefferies upped its target price on paper and packaging business Mondi from 1,650.0p to 1,700.0p on Tuesday following the group's first-quarter trading update.
Berenberg hikes target price on Astrazeneca
(Sharecast News) - Analysts at Berenberg hiked their target price on drugmaker Astrazeneca from 1,200.0p to 1,300.0p on Tuesday, citing the group was "instilling confidence in the revenues of tomorrow".
Wednesday preview: US Treasury auction, Riksbank in focus
(Sharecast News) - Investors' focus in the middle of the week will be on the latest US Treasury auction results, given concerns in some quarters regarding public debt dynamics in the world's largest economy.