Company News
Thursday preview: UK GDP, US producer prices in the spotlight
Financial markets' focus on Thursday was expected to shift a bit back towards the UK.
Tyman to buy US-based Lawrence for up to $69.5m
Tyman said on Wednesday that it has agreed to buy US-based Lawrence, a designer, manufacturer and retailer of high-performance composite hardware for sliding and hung windows, for up to $69. 5m.
Live Company inks streaming deal for K-pop concert
Live Company announced a collaboration with Veeps on Wednesday, to facilitate the live streaming of its Madrid KPOP LUX concert.
Director dealings: Paragon non-exec invests, CentralNic board member linked to sale
Paragon Banking Group was among those on the list of buys on Wednesday, after a non-executive director and their associated invested in shares.
Wetherspoons shares surge as sales rise 11%
Shares in pub chain JD Wetherspoon surged as it held annual profit guidance on the back of an 11% rise in recent sales as customers looked for value amid soaring alcoholic drink and food prices.
Monzo considering deal for Nordic rival Lunar Group - report
Monzo Bank is reportedly exploring a potential combination with Nordic peer Lunar Group as it looks for ways to expand in Europe.
Hotter Shoes owner Unbound racing to secure funding - report
Unbound - the owner of Hotter Shoes - is reportedly racing to secure emergency funding in an attempt to avoid falling into administration.
Bidding battle ensues for ICG unit With Intelligence
A takeover battle has ensued over With Intelligence, the provider of financial data to hedge funds.
EU gives green light to Broadcom VMware deal
EU competition authorities have approved US chipmaker Broadcom's proposed $61bn takeover of cloud computing firm VMware after offering up remedies for rival Marvell Technology.
Babcock wins £50m contract to support Ukraine military
Babcock said on Wednesday that it has been awarded a £50m contract by the UK Ministry of Defence to support urgent operational requirements for Ukraine’s military land assets.
Springfield Properties makes interim CFO permanent
Scottish housebuilder Springfield Properties has appointed Iain Logan as its permanent chief financial officer, it announced on Wednesday.
RWS acquires Propylon in EUR 30m deal
Language, content and intellectual property specialist RWS Holdings announced the acquisition of Propylon Holdings for €30. 1m on Wednesday.
Power Metal completes Authier North earn-in early
Power Metal Resources announced the early completion of the Authier North lithium project earn-in on Wednesday, securing a 100% interest in the project.
Atalaya on track despite softening copper prices
Atalaya Mining reported robust production figures and progress in its renewable energy projects in a second-quarter update on Wednesday, as it remained on track to meet its full-year guidance.
Wincanton first-quarter revenues fall
Logistics company Wincanton reported a drop in first-quarter revenues on Wednesday amid lower delivery volumes.
Ten Entertainment reports continued sales growth
Bowling-focussed leisure operator Ten Entertainment reported positive trading in a first-half update on Wednesday, with continued sales growth as it maintained a strong performance compared to pre-Covid levels.
Renold reports strong growth as net debt widens
Industrial chains and transmission products supplier Renold reported significant growth in its final results on Wednesday, with revenue jumping 26. 6% to £247. 1m.
Winkworth shares plunge after profit warning on weak housing sales
Shares in UK estate agent Winkworth plunged on Wednesday as the company issued a profit warning due to a slump in house sales.
Loungers reports record full-year revenue
Bar and restaurant operator Loungers reported record revenue and significant expansion in its final results on Wednesday.
Tullow reinstates hedging policy, maintains production guidance
Tullow Oil said in an update on Wednesday that during the first half of 2023, it recorded total revenue of around $0. 8bn, including hedging costs.