Company News
Wednesday preview: UK, euro area services and Fed minutes in focus
Financial markets' focus in the middle of the week would be on services sector activity on either side of the Channel.
Director dealings: Revolution Beauty non-exec invests, LSE Group buyback continues
Revolution Beauty Group was on the list of director buys on Tuesday, after a non-executive board member purchased half a million shares across several transactions.
Jersey Oil granted extension to Verbier licence
Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK continental shelf region of the North Sea, announced on Tuesday that the North Sea Transition Authority approved an extension to the second term of the P2170 ‘Verbier’ licence.
Vast Resources reports progress in resolving Zimbabwe claims
Mining company Vast Resources updated the market on the extension to the settlement of its historic claims on Tuesday, reporting that in a bid to expedite the handover process, it decided to engage the deputy sheriff to retrieve the parcel from the Reserve Bank of Zimbabwe (RBZ) under a writ of execution issued by the High Court of Zimbabwe on 14 June.
Jarvis updates market on review of investment management subsidiary
London-based financial services provider Jarvis Securities updated the market on the ongoing skilled person review on Tuesday, being conducted by an independent third party appointed under the Financial Services and Markets Act (FSMA).
Sainsbury's holds guidance, sees fall in food inflation
UK supermarket chain Sainsbury’s reported an 11% rise in grocery sales in the four months to June 24 and maintained annual guidance as it said food inflation was showing signs of falling.
Boku lifts expectations after strong first-half
Mobile payments technology specialist Boku reported significant growth in a first-half update on Tuesday, as its financial performance exceeded expectations.
Thames Water fined £3.3m over yet another sewage discharge
Scandal-ridden and debt-laden utility Thames Water has been slapped with a £3. 3m fine for pumping millions of litres of undiluted sewage was pumped into rivers near Gatwick Airport in 2017 and then attempting to mislead regulators over the incident.
Strix Group trading in line with guidance
Kettle safety and water filtration technology company Strix Group reported an improvement in trading performance in an update on Tuesday, confirming that the profit after tax for the full year was in line with market expectations.
Vistry inks deal on new shared ownership venture
Vistry Group said it had agreed a partnership with affordable housing provider Sage Homes to build 800 houses under their Home Stepper Housebuilder Shared Ownership model.
Naked Wines Q1 sales below expectations; chair Stead to step down
Naked Wines reiterated its full-year guidance on Tuesday but said first-quarter sales had been below expectations, as it announced a delay to the publication of its results and the departure of chairman David Stead.
FCA summons bank chiefs over low savings rate concerns
The Financial Conduct Authority (FCA) has called on the chief executives of major banks to address concerns over the low savings rates being offered to customers, it emerged on Tuesday.
Speedy Hire and Niftylift to develop low-emission access platforms
Speedy Hire announced a multimillion-pound partnership with Niftylift, a global mobile elevating work platform manufacturer, on Tuesday.
Restore lowers expectations amid technology division struggles
Restore reported ongoing growth in its core records management division in a trading update on Tuesday, but flagged weaknesses in its technology business.
OSB buys back another 314,000 shares
Financial services provider OSB Group announced the completion of the latest repurchase of its own shares on Tuesday.
Coats Group to sell European Zips business for $1m
Industrial thread maker Coats Group said on Tuesday that it has agreed to sell its European Zips business to Aequita, a German family office, for $1m.
Eurowag exercises option to buy another 18pc of JITpay
Road transport payments and mobility platform specialist Eurowag has exercised its call option to acquire an additional 18. 01% stake in JITpay, it announced on Tuesday.
PZ Cussons upbeat after first year of Childs Farm ownership
PZ Cussons said in an update on Tuesday that its baby and child personal care business Childs Farm looked set to experience a significant boost in revenue over the next five years.
Ryanair carries record 17.4m passengers in June
Irish low-cost airline Ryanair on Tuesday said it flew a record 17. 4 million passengers in June, up 9% year on year.