Company News
Frasers lifts AO World stake to 21%
Mike Ashley's Frasers Group has lifted its stake in AO World just days after announcing a strategic tie-up with the online electrical retailer.
UK rail passengers 'paying higher food, drink prices at stations'
Britain's rail regulator has launched a probe into railway station catering, saying hard-pressed passengers are paying more for food and drink while travelling than at high street shops and there were barriers to new market entrants due to old lease laws.
Director dealings
Smart Metering Systems was on the list of director buys on Friday, after one of its board members spent almost £20k on shares.
ValiRx terminates collaboration with Hokkaido University
Life science company ValiRx has officially concluded its evaluation agreement with Hokkaido University, it announced on Friday.
Agronomics investee gets USDA label approval for lab-grown chicken
Cellular agriculture investor Agronomics announced on Friday that its investee UPSIDE Foods had become the first company in the world to receive label approval from the US Department of Agriculture (USDA) - a significant milestone for the cultivated meat industry.
Tekcapital investee Guident awarded Space Florida grant
Intellectual property investor Tekcapital announced on Friday that its subsidiary Guident had been awarded funding from Space Florida, as part of the Florida-Israel Innovation Partnership programme.
CMA clears Amazon's $1.7bn acquisition of iRobot
The Competition and Markets Authority has given the green light for Amazon’s planned $1. 7bn acquisition of iRobot, the maker of the Roomba vacuum cleaner.
Tower Resources reports solid progress at offshore Namibia licence
Africa-focussed oil and gas company Tower Resources updated the market on the progress of licence PEL 96 in Namibia on Friday, which includes offshore blocks 1910A, 1911, and 1912B.
ix Net Zero to invest another $0.15m in Sustainable Living Innovations
Investing company ix Net Zero announced plans to invest an additional $150,000 into Sustainable Living Innovations (SLI) on Friday, through an unsecured convertible promissory note.
UK retail sales spark in warm weather
UK retail sales strengthened last week, industry data showed on Friday, as the warm weather helped boost demand for clothing.
Invinity upbeat on outcome of 'comprehensive' costs review
Utility-grade energy storage developer Invinity Energy Systems updated the market on its results for 2022 on Friday, reporting that it recently conducted a comprehensive review of the cost associated with fulfilling previously-signed contracts as part of its audit process.
Genedrive secures multi-partner grant award
Molecular diagnostics specialist Genedrive announced its involvement in a multi-partner grant award called DEVOTE on Friday, supported by Innovate UK and the UK government’s Innovation Accelerator programme.
OnTheMarket launches new valuations-focussed service for agents
Property portal operator OnTheMarket announced a new service called ‘Your Property Services’ (YPS) on Friday.
Embattled-Odey Asset Management gates fund
Odey Asset Management has gated another fund after withdrawal requests surged in the wake of sexual misconduct allegations against founder Crispin Odey.
Hutchmed China's colorectal cancer study to be published
Hutchmed China, alongside its partner Takeda, announced the publication of the phase three ‘FRESCO-2’ study results evaluating the use of fruquintinib in patients with previously-treated metastatic colorectal cancer (CRC) on Friday, in the Lancet medical journal.
Peel Hunt swings to loss as revenue slides
Peel Hunt reported a decline in revenue and profitability in its final results on Friday, due to unusually low capital markets activity throughout the 2023 financial year.
Europe open: Shares shrug off hawkish banks; Travis Perkins slumps
European shares started Friday in the green, ignoring continuing hawkish noise from central banks around the world and took their cue from strong sessions in the US and Asia overnight.
Mears set to beat full-year expectations
Mears, a prominent provider of services to the housing sector, announced a robust trading performance for the first five months of its financial year on Friday.
Tesco holds guidance as Q1 sales up 8.8%; Sees signs of easing inflation
First-quarter sales Tesco surged 8. 8% as the supermarket giant held annual guidance and said there were “encouraging” signs that inflation was starting to ease for struggling customers.
Marlowe exploring £650m sale of inspection business - report
Marlowe, a provider of fire safety services, is reportedly exploring a sale of its biggest division in a move that could generate proceeds of about £650m.