Latest News
Physiomics receives Innovate UK funding grant
Computational biology firm Physiomics said on Friday that it had been awarded a grant by Innovate UK and the Office for Life Sciences as part of the UK Government's Advancing Precision Medicine programme.
Global Ports ups passenger targets after impressive first half
UK-listed Global Ports Holdings, the world's largest cruise port operator, has raised its forecasts for passenger numbers this year after a stronger-than-expected first half.
NatWest to withhold bulk of ex-chief Rose's payout
Former NatWest Group chief executive Alison Rose will miss out on nearly £8m in share awards and bonuses, it was confirmed on Friday, as the lender looks to draw a line under Nigel Farage debanking row.
ValiRx enters partnership with StingRay Bio
Life science company ValiRx announced a new partnership with StingRay Bio on Friday, aiming to explore a promising lead series of drug candidates designed for oncology applications.
Goldman starts Smith & Nephew at ‘buy’, cites improving fundamentals
Goldman Sachs initiated coverage of Smith & Nephew on Friday with a ‘buy’ rating and 1,400p price target, as it pointed to improving fundamentals and an undemanding valuation.
Argentex FY operating profits seen broadly flat YOY
Foreign exchange service Argentex Group warned on Friday that full-year revenue and operating profits would be broadly flat year-on-year and below current market forecasts.
Helium One suspends Tai-3 operations due to rig problem
Helium One updated the market on its Tai-3 operations in Tanzania on Friday, reporting an unexpected setback due to an issue with its drilling rig.
Goldplat reports slight dip in first-quarter profits
South Africa and Ghana-focussed Goldplat reported operational results for its first quarter on Friday, with a combined operating profit of £1. 87m excluding certain costs and financial factors, down slightly from £1. 94m a year earlier.
Strategic Minerals upbeat on results of Cornwall digital project
Strategic Minerals updated the market on its wholly-owned subsidiary, Cornwall Resources (CRL), and its participation in the ‘Deep Digital Cornwall’ (DDC) project on Friday.
Challenger Energy now debt-free after bridge loan repayment
Caribbean and Americas-focussed oil and gas company Challenger Energy announced on Friday that it has retired its short-term bridge loan, under the terms it outlined on 27 October.
Dekel palm oil production rises, but sales weaken
West Africa-focussed agriculture company Dekel Agri-Vision said in an update on Friday that its palm oil operation continued its upward trend in production in October, marking the eighth consecutive month of increased like-for-like production year-on-year.
Asia report: Stocks fall as NZ manufacturing contracts further
Asia-Pacific markets faced a challenging day of trading on Friday, influenced by a lacklustre performance in US markets overnight.
Tungsten West names Alistair Stobie as CFO
Mining company Tungsten West named Alistair Stobie as its next chief financial officer on Friday, effective 13 November.
Diageo warns of slowdown as LatAm-Carribean sales drop
Drinks giant Diageo saw shares plummet on Friday after warning of a slowdown in growth in the first half due to a weaker performance in Latin America and the Caribbean.
Europe open: Stocks follow US and Asian markets lower, Diageo plummets
European stocks declined on Friday morning, following losses on Wall Street and on Asian indices overnight, after the head of Federal Reserve opened the doo.
Chemring ends year as expected, US sensors business under review
Chemring said in an update on Friday that its performance up to 31 October was in line with both the board’s and analysts’ expectations, with the year’s outcome set to meet targets.
Redrow results seen at low end after tough Autumn
British housebuilder Redrow has warned that full-year sales and profits would likely be at the lower end of guidance due to a subdued Autumn trading period.
London open: Stocks fall on hawkish Fed comments; UK economy stagnates
London stocks fell in early trade on Friday following hawkish comments from Federal Reserve chair Jerome Powell, as investors mulled the latest UK GDP data.
Galliford Try on track after solid start to first half
Construction group Galliford Try said it remains on track to hit recently upgraded profit expectations after a decent first-half performance.
UK economy stagnates in third quarter
The UK economy stagnated in the third quarter, according to figures released on Friday by the Office for National Statistics.