Company News
Director dealings: LSE director's firm sells more shares, VinaCapital fund's manager buys in
London Stock Exchange Group was once again at the top of the list of director sells, after a company linked to one of its board members sold almost £0. 5m worth of shares.
HSBC shareholders vote down proposal to spin off Asian arm
HSBC shareholders rejected a proposal on Friday to split the business and spin off the Asian arm.
Sareum gets approval for phase one psoriasis studies in Australia
Biotechnology developer Sareum Holdings announced on Friday that it has been granted approval by Australia's Therapeutic Goods Administration (TGA) to conduct phase one clinical studies on SDC-1801.
HSBC urges shareholders to vote against bank split
HSBC urged shareholders again on Friday to vote against resolutions backed by its biggest stakeholder, China’s Ping An Asset Management, to split the business in two and spin off the Asian arm.
Aptamer warns on profits amid slow pipeline conversion
Life sciences company Aptamer Group said in a trading update on Friday that revenue in the 10 months ended 30 April totalled around £1. 4m.
Eden Research losses narrow as it expands product reach
Eden Research reported an increase in revenue in its 2022 preliminary results on Friday, to £1. 8m from £1. 2m in 2021.
Europe open: Apple, Scatec, IAG results boost sentiment
European shares opened higher on Friday as better-than-expected results from tech giant Apple boosted sentiment, despite lingering fears over the stability of the US banking system.
Eurozone retail sales fall 3.8% in March
Retail sales in the eurozone fell by 3. 8% in March and an annual basis, worse than the 3. 1% forecast as the cost-of-living crisis continues to hit consumer spending power, according to official data released on Friday.
Eqtec losses widen despite operational progress
Eqtec reported revenue and other operating income of €8m in its final results on Friday, a decrease from €9. 2m in the prior year.
CBI hires ethics consultancy ahead of members meeting
The Confederation of British Industry (CBI) has appointed business ethics consultancy Principia Advisory to assist in a review of its culture, according to a report from Sky News.
Clontarf joint venture with NEXT-ChemX comes into effect
Clontarf Energy announced on Friday that it had completed all necessary conditions for the joint venture with NEXT-ChemX to come into effect.
Bens Creek starts work with replacement highwall miner
North American coal miner Bens Creek Group announced the arrival of a second highwall miner (HWM) on Friday, after it experienced issues with the initial one.
Adidas warns of 'bumpy' year ahead despite above-forecast numbers
Adidas saw its shares jump on Friday, after a better-than-expected first quarter, but warned 2023 was still set to be "disappointing".
OnTheMarket signs software agreement with Arun Estates
OnTheMarket said on Friday that it has signed a software agreement with estate agency group Arun Estates.
Goldplat reports weaker third quarter
South Africa and Ghana-focussed Goldplat reported a combined operating profit of £1. 47m for its third quarter on Friday, making for a 36% decrease compared to the same period a year earlier, excluding listing and head office costs and foreign exchange losses.
First-time home buyers paying £200 more per month - Rightmove
First-time home buyers are paying nearly £200 more per month on their mortgages, industry research showed on Friday, after rates soared.
Numis maintains 'robust' balance sheet amid difficult trading
Numis Corporation said in its interim results on Friday that, despite facing unfavourable market conditions, it maintained a robust balance sheet position in the first half, with strong liquidity and capital positions.
Boohoo presses suppliers for discounts - report
Fast fashion retailer Boohoo Group has asked suppliers for discount on orders, it was reported on Friday, as it looks to tightly manage costs.
IAG lifts guidance on summer demand as Q1 beats forecasts
British Airways-owner IAG on Friday lifted its full year earnings forecasts on the back of strong summer demand as first-quarter profits beat expectations.
Ithaca, Shell strike deal on Cambo stake sale
Ithaca Energy on Friday said it had struck a deal with Shell to market the latter’s 30% stake in the giant Cambo North Sea oil and gas prospect.