Company News
Friday preview: BoJ, US consumer confidence in focus
The market spotlight at the end of the week was expected to swing back towards Asia, where the Bank of Japan was scheduled to announce its latest policy decision.
Director dealings: Great Portland, EAT board members make purchases
Great Portland Estates was among the companies on the list of buys on Thursday, after an executive director was linked to a near-£30k share purchase.
Asos shares surge on return to profitability
Struggling UK online fashion retailer Asos said third-quarter sales fell 14%, but posted a rise in core earnings as it claimed its turnaround strategy to focus on more profitable items was starting to bear fruit.
Patterson-UTI Energy, NexTier to merge in $5.4bn deal
Patterson-UTI Energy and NexTier Oilfield Solutions have agreed a $5. 4bn all-share merger.
Bezant extends repayment on Sanderson Capital facility
Copper-gold explorer and developer Bezant Resources announced an agreement with long-term shareholder Sanderson Capital Partners to extend the repayment date on a £0. 7m unsecured convertible loan funding facility.
Scandal-hit Odey Asset Management to be broken up
Odey Asset Management is to be dismantled, after the hedge fund was sent reeling by accusations of sexual misconduct against founder Crispin Odey.
Mike Ashley's Frasers lifts stake in Asos again to 10.6%
Mike Ashley's Frasers Group has lifted its stake again in troubled online fashion outlet Asos to 10. 6%, the company announced on Thursday.
Coro Energy finalises purchase of Vietnam solar portfolio
Coro Energy announced on Thursday that it has finalised the acquisition of a rooftop solar portfolio from KIMY Trading and Service shareholders, which was first agreed last November.
Oriole pleased with progress at Bibemi gold project
Oriole Resources updated the market on its Bibemi orogenic gold project in Cameroon on Thursday, announcing the completion of a follow-up geophysics programme using ground magnetics to aid in further drill targeting.
Amte Power gives four-week deadline before it runs out of cash
Specialist battery cell developer Amte Power updated the market on its financing situation on Thursday, having disclosed in December that it would need additional capital by April to cover its operating costs at the time.
Agronomics invests AUD 2.5m in HydGene Renewables
Cellular agriculture investor Agronomics announced a significant investment of AUD 2. 5m in HydGene Renewables on Thursday.
Parity Group progressing fresh focus on public sector
Recruitment and professional services firm Parity Group said in an update on Thursday that one of its key areas of investment in 2023 was the public sector.
Eden Research inks deal with Colombia distributor
Biopesticides specialist Eden Research announced the appointment of Anasac Colombia on Thursday, as the exclusive distributor of ‘Mevalone’ in Colombia.
Legal & General appoints António Simões as CEO
Legal & General said on Thursday that it has appointed António Simões as chief executive officer.
Galileo preparing for Kamativi drill programme
Galileo Resources announced on Thursday that preparations for a drill programme had started over the Kamativi lithium-tin target, where it announced the discovery of a previously-unknown lithium anomaly in soils and streams in March.
Regulator extends WANdisco fraud probe
An investigation into potential fraud at WANdisco has been extended, the embattled big data specialist confirmed on Thursday.
Poor weather cools sales at H&M
Hennes & Mauritz reported below-forecast sales growth on Thursday, weighed down by "unfavourable" weather in a number of the retail giant’s biggest markets.
Identity division sees GB Group swing to operating loss
Digital location, identity verification, and fraud prevention technology specialist GB Group reported an improvement in revenue in its final results on Thursday, while swinging to an operating loss.
Molten Ventures swings to loss in difficult year for tech
Technology investor Molten Ventures reported a gross portfolio value of £1. 37bn as of 31 March on Thursday, representing a decrease from £1. 53bn a year earlier.
CAB Payments confirms London IPO plans
CAB Payments confirmed on Thursday that it is planning to list on the London Stock Exchange.