Company News
Thursday preview: EU Brexit summit, China CPI in the spotlight
All eyes will be on the result of the emergency European Union summit on Wednesday evening, with traders predicting a substantial move higher Sterling should a time frame for an extension to Article 50 be agreed.
Indivior crashes after indictment by US federal grand jury, drags Reckitt lower
A US jury has indicted Indivior for fraudulently flogging its Suboxone Film drug as a safer alternative to rival treatments for opiod addiction.
Plant Health Care climbs after Americas propel revenue growth
Plant Health Care's (PHC) shares gained on Wednesday as annual revenues increased despite "challenging conditions", although a jump marketing and administrative expenses led to a wider loss.
Liberum reiterates 'buy' on Just Eat, eyes potential for bid from Uber
Analysts at Liberum reiterated their 'buy' rating on shares of food delivery service Just Eat on Wednesday, stating that recent newsflow had provided "positive read across" for the outfit.
G4S surges as Canada's GardaWorld confirms it's considering an offer
G4S surged on Wednesday as Canadian rival GardaWorld confirmed it is in the preliminary stages of considering an approach to the board of the London-listed security services firm regarding a possible cash offer.
Metal Tiger investment to acquire Kitlanya
Metal Tiger announced on Wednesday that Kalahari Metals (KML), in which it owned 50% of the issued share capital, has entered into a binding agreement with Resource Exploration and Development (RED) to purchase 100% of Kitlanya.
PetroTal reaches total depth with latest development well
PetroTal announced on Wednesday that the BN 95-2-2-2XD oil development well, which began drilling operations on 26 February, has reach total depth.
Alliance Pharma's 'Xonvea' gets approval in Ireland
Alliance Pharma announced on Wednesday that ‘Xonvea’ has gained marketing approval in the Republic of Ireland from the country's medicines regulator, the Health Products Regulatory Authority, for the treatment of nausea and vomiting of pregnancy where conservative management has failed.
InfraStrata progresses towards final investment decision at Islandmagee
Natural gas storage development company InfraStrata updated the market on progress on its Islandmagee gas storage project on Wednesday, reporting that due diligence had been ongoing with its second potential equity partner since January.
Central Asia Metals makes decent start to year as it updates mineral resource
Central Asia Metals updated the market on operations at the Kounrad dump leach, solvent extraction and electrowinning copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia for the first quarter on Wednesday, reporting that production was on track to meet full-year guidance for copper, zinc and lead.
PowerHouse moves closer to first UK installation of DMG technology
Hydrogen and clean energy company PowerHouse Energy Group announced on Wednesday that its development partner Waste2Tricity has concluded negotiations and signed an agreement with Peel Environmental for an 124 year lease of a plot on the 54-acre Protos energy hub site.
Finablr plans to sell $200m worth of stock in London IPO
Finablr is considering raising $200m through the sale of new shares via an initial public offering on the London Stock Exchange.
Network International soars after IPO at £2.2bn valuation
Shares of UAE-based payments group Network International stormed higher after it floated with a £2. 18bn valuation on Wednesday, in what was the largest initial public offering on the London Stock Exchange so far this year.
Seeing Machines wins seventh OEM production program
Seeing Machines has been appointed by Joyson Safety Systems (JSS) to provide driver monitoring technology for a US automotive OEM as it expands the rollout of their driving system across several additional vehicle models.
Tracsis' profits dip but 'much stronger' second half expected
Tracsis on Wednesday reported falling interim profits as rising administrative costs negated the effect of a slight climb in revenue, although the second half of the year was expected to yield a "much stronger" performance.
Asos profits bang in-line with forecasts, reiterates guidance for full-year sales
Asos saw its profits plunge during the first half of the year on the back of high levels of discounting during a period chracterised by low confidence, with matters made worse by some self-inflicted wounds.
TBC Bank acquires Uzbekistani payment platform
Georgian universal bank TBC Bank has agreed to acquire more than half of LLC Inspired, a leading payment platform in Uzbekistan trading under the name Payme.
Uber seeks to raise $10bn through IPO, filing expected on Thursday
Uber Technologies is planning to raise about $10bn via a sale of shares through an initial public offering, with the company set to file its public registration on Thursday.
Bushveld subsidiary secures loan facility for Imaloto power station project
Bushveld Minerals has arranged a loan facility with the Development Bank of Southern Africa for its Lemur Holdings subsidiary.
ClearStar reports record Q1 revenues
Technology-based services outfit ClearStar saw revenues improve to record levels over the first quarter of its trading year.