Company News
UK June retail sales rise 4.6% as shoppers seek hot weather essentials
UK total retail sales increased by 4. 9% in June as the warmer weather brought shoppers out for items such as beach towels and barbeque food, according to a survey published on Tuesday.
Tuesday preview: UK wage data, ZEW index in focus
Investors' attention come Tuesday would be on the latest UK wage data and their possible implications for the Bank of England.
Director dealings: Science in Sport non-exec linked to buy, Victorian Plumbing chair sells
Science in Sport was on the list of director buys on Monday after a sizeable purchase was linked to a non-executive director.
Mondi to buy Hinton Pulp mill in Canada for $5m
Packing and paper group Mondi said on Monday that it has agreed to buy the 250,000 tonne per annum Hinton Pulp mill in Alberta, Canada, from West Fraser for $5m.
Deltex launches new system in UK, EU markets
Oesophageal monitoring technology specialist Deltex Medical Group announced the launch of its next-generation ‘TrueVue’ system in the UK and the EU on Monday.
Forcepoint to sell business unit to TPG
Security firm Forcepoint - which is backed by Francisco Partners - said on Monday that it has agreed to sell its Global Governments and Critical Infrastructure (G2CI) business to alternative asset management firm TPG.
Impax AuM falls 1pc over third quarter
Impax Asset Management updated the market on the development of its assets under discretionary and advisory management (AuM) for its third quarter on Monday.
ITM Power launching new Germany hub
Electrolyser specialist ITM Power is expanding its presence in Germany, it announced on Monday, with the establishment of ITM Power Germany.
Hutchmed launches new phase one study in China
Biopharmaceutical company Hutchmed China announced the launch of a phase one study in China for HMPL-415 on Monday - an investigational selective allosteric inhibitor that targeted Src homology-2 domain-containing protein tyrosine phosphatase-2 (SHP2).
EasyJet cancels 1,700 flights over the summer season
Low-cost airline easyJet announced the cancellation of 1,700 flights over the summer period on Monday.
Cordel extends contract with Australian Rail Track Corporation
Cordel Group announced the extension of its existing clearances contract with the Australian Rail Track Corporation (ARTC) on Monday, until 31 August 2024.
MaxCyte signs licence deal with Vittoria Biotherapeutics
MaxCyte announced a strategic platform licence agreement with Vittoria Biotherapeutics on Monday, granting Vittoria non-exclusive clinical and commercial rights to use MaxCyte's ‘Flow Electroporation’ technology and ‘ExPERT’ platform.
WANdisco renews contract with Tesco Stores
Data specialist WANdisco announced the renewal of its software support and maintenance contract with Tesco Stores on Monday.
OnTheMarket cautious after year of solid growth
Property marketing platform OnTheMarket reported significant growth in revenue, EBITDA, operating profit, and profit before tax in its full-year results on Monday.
Future proposes share buyback of up to £45m
Media group Future rallied on Monday after it announced a proposed share buyback of up to £45m.
Europe open: China factory gate, CPI data dents sentiment
European shares opened lower on Monday as data showed China's factory-gate prices slumped in June, while consumer inflation was at its slowest since 2021.
Unite Group reports strong sales for new academic year
Student accommodation specialist Unite Group reported a robust sales performance for the upcoming academic year on Monday, with 98% of rooms already sold.
Thames Water shareholders stump up £750m
Shareholders of Thames Water have agreed to pump in another £750m into the struggling debt-burdened utility to help keep it afloat.
Plus 500 holds guidance after H1 earnings, revenues rise
Fintech company Plus500 maintained annual guidance after a rise in first-half core earnings and revenues.
Jansen to step down from BT amid takeover rumours
BT Group announced on Monday that its chief executive Philip Jansen had decided to step down from his position in the next 12 months, after spending four-and-a-half years in the role.