Company News
Royal Mail chief steps down after bruising battle with unions
Royal Mail chief executive Simon Thompson has quit after a bitter year-long dispute with the postal workers' union, the company said on Friday.
Director dealings: Wetherspoon CEO makes £0.14m sale, Rio Tinto non-exec invests
Wetherspoon was on the list of director sells on Friday, after the company disclosed a transaction worth more than £0. 14m made by its chief executive officer.
UK retail sales soften - BDO
Retail sales dipped last week, industry research showed on Friday, after demand was curtailed by the bank holiday and mixed weather.
Proteome Sciences to open new San Diego facility
Proteomics service provider Proteome Sciences announced its plan to expand operations into the United States on Friday, with a new facility to be located in San Diego, California.
A&E Networks cancels contract with Blackbird
Video editing software specialist Blackbird announced on Friday that A&E Television Networks would terminate its contract with the company at the end of June.
Richemont posts record sales as China reopens
Luxury goods specialist Richemont reported a surge in annual sales and profits on Friday, as demand in China bounced back.
Singapore-based Avani buys 30pc of Bens Creek
North American metallurgical coal miner Bens Creek announced on Friday that its largest shareholder MBU Capital Group has sold 119,218,394 existing shares to Avani Resources.
Eden Research gets product approvals in California and Florida
Biopesticides developer Eden Research announced the receipt of regulatory approvals for its formulated products ‘Cedroz’ in California, and ‘Mevalone’ and ‘Cedroz’ in Florida on Friday.
Ironveld reports positive operational progress
Mining developer Ironveld updated the market on recent activities at its Rustenburg and Limpopo smelting operations on Friday, as well as its partnership with BurnStar Technologies.
FireAngel wins £1.5m Middle East government contract
Home safety technology developer FireAngel announced the award of a £1. 5m contract by a government agency on Friday, to provide smoke and heat alarms for a significant connected alarm project in the Middle East.
Touchstone losses widen despite rise in production
Touchstone Exploration reported a 53% rise in average production volumes in the first quarter on Friday, to 2,139 barrels of oil equivalent per day, compared to 1,396 equivalent barrels per day in the same period last year.
CMO Group confident after full-year revenue growth
Building materials retailer CMO Group reported a 9% increase in revenue in its preliminary results on Friday, to £83. 1m, despite a challenging year for retail.
GSK sells 2.5% Haleon stake at discount for £804m
UK pharmaceuticals company GSK said it had sold a 2. 5% stake in Haleon at 335p a share, raising £804m.
Autonomy founder Mike Lynch extradited to US
British businessman Mike Lynch has been extradited to the US after losing a long-running legal battle, it was reported on Friday.
Canadian court dismisses GSK Zantac litigation
A proposed class action against GSK has been dismissed by a court in Canada, the UK drugs giant confirmed on Friday.
THG calls off takeover talks with Apollo Global
Online retailer THG called off take-over talks with US private equity outfit Apollo Global Management.
Tritax EuroBox secures 10-year green lease at Dusseldorf site
Continental Europe-focussed logistics property investor Tritax EuroBox announced the securing of a 10-year green lease with a leading logistics firm for its recently-completed 36,000 square metre property in Dormagen on Friday.
Beazley reports 'strong' Q1 growth, confident on guidance
Beazley posted strong growth for the first quarter and reiterated its full-year guidance.
Balfour Beatty sees flat FY profit; Current trading in line
Infrastructure group Balfour Beatty said it expected annual profits to be flat, with current trading in line with expectations.