Company News
Tuesday preview: US durable goods orders, ECB's Lagarde in focus
The market spotlight on Tuesday would be on the US.
Carnival beats adjusted net loss guidance after record Q2 revenue
Cruise giant Carnival continued to recover from the lows of the Covid-19 pandemic on Monday, as it reported a net loss of $407m for the second quarter.
Director dealings: Tristel non-exec buys first shares, LSE buyback continues
On the list of director buys on Monday was Tristel, after a non-executive director spent almost £30k on shares.
Frasers Group lifts stakes in AO World, Currys
Mike Ashley's Frasers Group has increased its stake in electrical retailer AO World for a third time to more than 22% and also lifted its stake in rival Currys, according to stock exchange filings on Monday,.
Aston Martin shares surge on deal to make electric cars
Luxury carmaker Aston Martin on Monday said it was entering the electric vehicle market after signing a strategic supply agreement with US-based Lucid Group.
IBM to buy software provider Apptio for $4.6bn
IBM announced on Monday that it has agreed to buy software provider Apptio from Vista Equity Partners for $4. 6bn.
Creo Medical's 'Speedboat Inject' used for first time in Europe
Surgical endoscopy specialist Creo Medical announced on Monday that Dr Adolfo Parra-Blanco at Nottingham University Hospital NHS Trust had become the first clinician to perform an upper gastrointestinal (GI) tract ‘Speedboat Inject’ case in Europe, since clearance was gained last week.
UK retail sales fall in June - CBI
UK retail sales fell again in June as consumers continued to retrench spending due to the high cost of living, according to a business survey published on Monday.
AB Foods lifts outlook as Primark sales rise 13% on strong summer
Third-quarter sales at discount fashion chain Primark grew 13%, driven by strong summer sales and higher prices as customers seek value for money amid the cost of living crisis, leading parent company Associated British Foods to lift annual guidance.
Duke Royalty puts another £1.8m into Tristone Healthcare
Alternative capital provider Duke Royalty announced an additional investment of £1. 8m into its existing partner Tristone Healthcare on Monday.
Sareum granted new patents in China, US
Clinical-stage biotechnology developer Sareum announced the granting of patents for its lead kinase inhibitors in China and the United States on Monday.
LPA gets the go-ahead to buy carriage connector line
LPA Group has received formal approval from its customer for the purchase of the product line of railway inter-carriage electrical connectors, it announced on Monday.
LifeSafe upbeat on much stronger start to year
Fire safety technology specialist LifeSafe reported robust sales growth in the first five months of the year in an update on Monday.
Greatland kicks off drilling campaign at Paterson South
Explorer and developer Greatland Gold announced the start of its maiden drilling campaign at the Paterson South Project on Monday.
R&Q's Accredited recognised as independent ratings unit
R&Q Insurance Holdings announced on Monday that AM Best had recognised its programme management subsidiary ‘Accredited’ as an independent ratings unit, distinct from R&Q.
Polar Capital profits fall as assets under management contract
Investment manager Polar Capital reported a decrease in assets under management in its full-year results on Monday, as well as declines in both core operating profit and profit before tax.
Investigation into transaction mars strong end to year for Braemar
Shipping and energy markets advisor Braemar updated the market on its results for the 12-month period ended 28 February on Monday, while also revealing an investigation into a historic transaction.
Capricorn Energy upbeat on strategic progress with new board
Capricorn Energy updated the market on its strategic review on Monday, with a focus on cost reduction, the refocusing of operations in Egypt, and returning excess funds to shareholders.
GSK gets an approval in Japan, a recommendation in Europe
GSK announced two significant advancements on Monday, with the approval of an updated indication for Shingrix in Japan, as well as a positive opinion from the European Medicines Agency for daprodustat.
Cineworld to apply for administration in UK
UK cinema chain Cineworld on Monday said it was applying for administration as part of its proposed restructuring plan.