Latest News
Rentokil rallies as Trian buys £31m worth of shares
Rentokil Initial rallied on Friday after activist investor Nelson Peltz’s Trian Fund Management bought 7. 5m shares in the pest control company for £31m.
London midday: Stocks up as sterling hit by GDP data
London stocks were firmer by midday on Friday as sterling lost ground after data showed the UK economy unexpectedly contracted in October.
Electric Guitar's sole operating subsidiary to enter liquidation
Electric Guitar announced on Friday that its primary operating subsidiary 3radical was set to enter creditors' voluntary liquidation (CVL) after failing to secure a buyer for its business as a going concern.
RBC Capital starts Greggs at ‘outperform’, says ‘buy the dip’
RBC Capital Markets recommended that investors "buy the dip" on Friday, as it initiated coverage of bakery chain Greggs with an ‘outperform’ rating and 3,240p price target.
Cadogan Energy strikes €10m settlement agreement
Exploration and production firm Cadogan Energy said on Friday that it has signed a settlement agreement with Proger Management, Proger Ingegneria, Ma. Lo and TIFS Partecipazioni.
Berenberg lowers target price on Impax Asset Management
Analysts at Berenberg lowered their target price on Impax Asset Management from 560. 0p to 510. 0p on Friday after news broke that the group's mandate to manage St James's Place's sustainable and responsible equity fund was expected to end in February 2025.
Kosmos in 'very preliminary' talks over Tullow takeover
US-based Kosmos Energy has confirmed it is in "very preliminary" talks with Tullow Oil about a possible takeover of the oil and gas exploration company.
TT Electronics confident of financial framework after Volex abandons takeover talks
Electronic components manufacturer TT Electronics said it continues to have confidence in its medium-term financial framework after Volex backed out of a takeover pursuit of the electronic components group, following a month of speculation that it may make an offer.
Orosur Mining reports positive drill results from Anza Project
Orosur Mining reported positive drill results from its ongoing exploration at the Anzá Project in Colombia on Friday, which is now wholly owned by the company following its recent acquisition of all shares from former joint venture partner Minera Monte Aguila.
Helium One announces delay to drilling at Galactica
Helium One Global, a helium exploration company with a 50% stake in the Galactica-Pegasus helium development project in Las Animas County, Colorado, announced a delay to the start of drilling at the Galactica site due to adverse weather conditions.
WH Ireland pre-tax losses narrow amid 'challenging market backdrop'
Financial services business WH Ireland said on Friday that pre-tax losses had narrowed in the six months ended 30 September after the "challenging market backdrop" had "another significant impact" on its performance.
Asia report: Most markets fall as China confirms economic plans
Markets in the Asia-Pacific region closed mixed on Friday, with Chinese equities leading losses as Beijing's stimulus measures failed to meet investors' expectations.
XXL to go ahead with rights issue as Frasers bid unlikely to succeed
Norwegian sportswear retailer XXL said on Friday that it would go ahead with a rights issue as a takeover offer from Mike Ashley’s Frasers Group’s was unlikely to succeed.
Impax shares slide as it loses sole SJP mandate
Shares in Impax Asset Management were sliding on Friday, after it announced the upcoming termination of its mandate to manage the Sustainable & Responsible Equity Fund (SRE) for St James's Place Unit Trust Group (SJP).
Hutchmed to receive $10m milestone payment from partner Takeda
Hutchmed China announced on Friday that it would receive a $10m milestone payment from its partner Takeda, following a national reimbursement recommendation for ‘Fruzaqla’, or fruquintinib, in Spain.
Boohoo urges shareholders to vote against Mike Ashley board appointment
Boohoo’s board responded to the latest chapter in its dispute with Frasers Group on Friday, opposing the latter’s desired board appointments, citing what it called “irreconcilable conflicts of interest” and accusing Frasers of selectively addressing governance requirements.
Portmeirion issues profit warning amid 'challenging and unpredictable market conditions'
Pottery business Portmeirion warned on Friday that both revenue and pre-tax profits for the year ending 31 December were now expected to be below market expectations.
German exports fall by more than expected 2.8% in October
German exports in October fell by a more-than-expected 2. 8% and imports dropped 0. 1% month on month on a seasonally adjusted basis, according to official data published on Friday.
Europe open: Shares edge lower on weak UK GDP, German trade data
European shares opened lower on Friday as traders assessed a bigger-than-expected fall in UK GDP, while German exports also fell lower than forecasts.
Chapel Down appoints new CEO as CFO steps down
Chapel Down Group announced the appointment of James Pennefather as its new chief executive officer on Friday, effective 1 February.