Company News
Wednesday preview: ECB policy forum in the spotlight
Investors' focus in the middle of the week was likely to be on the European Central Bank's central banking forum in Sintra, Portugal.
Cussons sees higher profits despite hit from Nigeria devaluation
Consumer goods giant PZ Cussons said it expected to take a hit from the recent devaluation of the Nigerian naira, but would report higher annual sales and profits.
Director dealings: Imperial Brands non-exec invests $0.5m, Landsec CEO covers tax bill
Imperial Brands was on the list of director buys on Tuesday, after a non-executive director spent more than half a million dollars on shares.
Eleco acquires project portfolio software firm BestOutcome
Built environment software specialist Eleco announced the acquisition of BestOutcome, a leading UK provider of project portfolio management (PPM) software, on Tuesday.
MobilityOne joint venture with Super Apps faces further delay
E-commerce infrastructure payments and platform provider MobilityOne updated the market on its joint venture plans with Super Apps on Tuesday, after a statement was filed by Technology & Telecommunication Acquisition Corporation (TETE) on 26 June.
Cornish Metals fully installs first submersible pump
Tin mine developer Cornish Metals announced the successful installation of the first submersible pump at the New Cooks Kitchen shaft on Tuesday.
Galileo exercises option to acquire 51pc of Shinganda project
Galileo Resources has exercised its option to enter a joint venture and acquire a 51% interest in the Shinganda Copper-Gold Project in Zambia, it announced on Tuesday.
Walgreens Boots lowers full-year guidance after third quarter results
Walgreens Boots Alliance made significant revisions to its full-year guidance as it released its third-quarter results on Tuesday.
Unbound shares tank as group pulls sale after no offers emerge
Shares in Hotter Shoes owner Unbound Group tanked on Tuesday after the company said it had taken itself off the market after receiving no buyout offers.
3D Systems sweetens its offer for Stratasys
3D Systems upped its offer to acquire Stratasys on Tuesday, in response to a competing merger proposal from Desktop Metal.
Circor accepts KKR $1.7bn offer
Industrial machine maker Circor International on Tuesday said it had accepted a revised offer from investment firm KKR for $1. 7bn to take the company private.
Ofwat approves £2.2bn of infrastrucutre investments
Ofwat finalised its decision to authorize 33 infrastructure schemes on Tuesday, amounting to a total investment of £2. 2bn.
Centamin upbeat on findings at Doropo Gold Project
Gold miner Centamin released the findings of its pre-feasibility study on the Doropo Gold Project in north-eastern Côte d'Ivoire on Tuesday.
GSK gonorrhoea vaccine gets FDA fast track designation
GSK said on Tuesday that its investigational vaccine for sexually transmitted infection gonorrhoea has been granted a fast track designation by the US Food and Drug Administration.
Petrofac reports substantial increase in backlog
Energy service provider Petrofac reported a substantial increase in its backlog in an update on Tuesday, as well as strong order intake and performance in line with expectations for its Asset Solutions and Integrated Energy Services (IES) divisions.
Wise confident after year of serious growth
Money transfer specialist Wise reported revenue of £846. 1m in its preliminary results on Tuesday, representing a 51% surge compared to the prior financial year.
Grainger reports continued momentum in lettings
Residential landlord Grainger reported continued momentum in its lettings business in an update on Tuesday, with total like-for-like rental growth reaching 7. 1% for the year-to-date, slightly higher than the 6. 8% growth it reported at the end of the first half.
CAB Payments expects £851m valuation in London IPO
CAB Payments said on Tuesday that it expects to be valued at around £851. 4m when it lists in London next month.
JD Sports shares slide on softer N America trade
Shares in UK sportswear retailer JD Sports Fashion slid on Tuesday as the company warned of softening in its North American markets and a slowdown overall in May, but maintained annual guidance.
Aston Martin holds FY profit forecast of £500m
Luxury car maker Aston Martin said it was on track to post annual adjusted profits of £500m and sales of £2bn, by 2025 .