Company News
Thursday preview: US Q1 GDP, Sainsbury in the spotlight
All eyes on Thursday would be on a first estimate for US economic growth at the start of 2023.
Reckitt appoints new CEO; Q1 sales rise amid price hikes
Consumer goods giant Reckitt Benckiser announced the appointment of a new chief executive on Wednesday as it posted a better-than-expected rise in first-quarter sales amid price hikes.
UK energy firms holding on to £7bn in customer cash - Uswitch
Energy supply companies have been hammered for stashing almost £7bn of customers’ money amid the crippling cost of living crisis.
UK's CMA to block Microsoft's $69bn takeover of Activision Blizzard
Activision Blizzard shares tumbled in pre-market trade on Wednesday after the UK’s Competition and Markets Authority said it will block the company’s $69bn takeover by Microsoft.
Berenberg raises target price on Kistos
Analysts at Berenberg raised their target price on closed-ended investment company Kistos from 600. 0p to 630. 0p on Wednesday, stating its deal with Mime Petroleum was "more than just hand waving".
Capital One poised to swoop on concierge service Velocity Black - report
US credit card company Capital One is reportedly poised to swoop on British luxury concierge service Velocity Black in a deal said to be worth hundreds of millions of dollars.
UK retail sales nudge higher - CBI
UK retail sales edged higher in April, a survey showed on Wednesday, although retailers remained cautious.
Physiomics inks collaboration deal with ValiRx subsidiary
Physiomics announced on Wednesday that it has signed a collaborative services agreement with Inaphaea BioLabs - a wholly-owned subsidiary of ValiRx.
Polarean Imaging gets first order for 'Xenoview'
Medical imaging technology company Polarean Imaging announced on Wednesday that it has received its first order for a gas-blend cylinder for the production of ‘Xenoview’, or xenon Xe 129 hyperpolarised, from Cincinnati Children's Hospital Medical Center.
Drax launches £150m buyback, sees FY in line
Power generator Drax on Wednesday launched a £150m share buyback and said it was suspending carbon capture projects pending further talks with the government on subsidies.
Danone savours first-quarter sales hike, ups outlook
French good giant Danone raised its full-year guidance on Wednesday, after price hikes helped boost first-quarter sales.
Thor Energy reports positive results from Alford East review
Thor Energy announced new rare earth element (REE) drill results from a review of the previously-announced 2021 copper and gold drilling at the Alford East Project in South Australia on Tuesday.
Empire Metals granted exploration licence for Walton
Resource explorer and developer Empire Metals announced the granting of the exploration licence for the Walton copper-gold-lithium project in Western Australia on Tuesday, in which it holds a 70% interest.
Challenger rises on offshore Uruguay technicial report
Caribbean and Americas-focussed oil and gas company Challenger Energy released its technical assessment report on the AREA OFF-1 block, offshore Uruguay on Wednesday.
Order intake, revenues jump at Image Scan
Security and industrial inspection imaging specialist Image Scan said in its interim results on Wednesday that its previously-reported strong momentum had resulted in an improved performance compared to the same period last year.
Warpaint hails 'record' sales
Warpaint London said on Wednesday that 2023 had got off to strong start following a "record" full-year performance.
Heathrow stays in the red despite passenger surge
Heathrow posted a first-quarter loss on Wednesday, despite seeing passenger numbers take off.
Nichols quarterly revenues rise 4.2% YOY
Soft drinks manufacturer Nichols said on Wednesday that revenues had grown in the three months ended 31 March.
Persimmon sees 2023 volumes towards top end of guidance
Persimmon posted a slump in first-quarter completions on Wednesday but said it expects full-year 2023 volumes to be towards the top end of guidance following an improvement in sales rates since the start of the year.
Elementis Q1 underlying revenue flat; trading in line
Specialty chemicals company Elementis hailed a "resilient" first-quarter performance on Wednesday, in line with expectations, with underlying revenues flat.