Company News
Shell exploring stake sale in renewable power unit - report
Shell is reportedly exploring options for its global renewable power operations, including a potential stake sale to outside investors.
FTC probing OpenAI over consumer protection concerns
The US Federal Trade Commission (FTC) has launched an investigation into artificial intelligence (AI) company OpenAI over allegations of violating consumer protection laws and jeopardising personal reputations and data, it was reported on Thursday.
PepsiCo lifts guidance after strong second quarter
Drinks and snacks giant PepsiCo reported a solid second-quarter performance on Thursday, topping expectations and leading to an upward revision of its guidance for the second consecutive quarter.
Director dealings: Ironveld director linked to purchase, Loungers chair covers tax bill
Ironveld was on the list of director buys on Thursday, after it disclosed a purchase linked to a non-executive director.
Revenue up as the Gym Group expands membership base
Low-cost fitness operator the Gym Group reported substantial growth in membership and revenue in a first-half trading update on Thursday.
Domino's appoints Andrew Rennie as CEO
Domino's Pizza said it had appointed Andrew Rennie as chief executive officer with effect from August 7 2023.
Cineworld lenders appoint Eduardo Acuna as CEO
Cineworld said on Thursday that its lenders have agreed to appoint Eduardo Acuna as chief executive officer of the newly-incorporated parent company of the group.
Dr Martens makes strides on rectifying US issues, trading in line
UK bootmaker Dr Martens said progress had been made rectifying the US warehousing fiasco that led to a series of profit warnings, and trading since the start of the current financial year had been in line with expectations.
ExxonMobil to buy Denbury in $4.9bn deal
ExxonMobil said on Thursday that it has agreed to buy oil and gas producer Denbury in an all-stock deal valued at $4. 9bn, or $89. 45 per share.
Diploma shares surge as YTD revenues rise 9%, buys DICSA for £170m
Diploma shares soared on Thursday as the company said revenues had risen 9% in the first nine months of the year and bought DICSA, a Spain-based distributor of fluid power solutions for £170m.
IEA trims global oil demand forecasts
The International Energy Agency trimmed its forecasts for global oil demand on Thursday, on the back of "persistent" macroeconomic headwinds.
Haydale completes first stages of hot-water project
Advanced materials firm Haydale reported a significant milestone on Thursday, with the completion of stages one and two of a three-stage low-power hot water project in collaboration with Cadent Gas.
Mobile Streams enters partnership with Bitso
Mobile Streams announced an exclusive business partnership with Bitso - a Latin American financial services company - on Thursday.
System1 makes progress against strategic goals
Marketing and research company System1 reported significant progress in its strategic objectives on Thursday, with substantial growth in its standard ‘Predict Your’ and ‘Improve Your’ products compared to the first quarter of the 2023 financial year.
'Challenging' market conditions hit MusicMagpie, shares slide
MusicMagpie reported a fall in interim revenues on Thursday, after a "challenging" start to the year.
Polar Capital reports quarterly fall in assets under management
Specialist active asset manager Polar Capital reported group assets under management of £19. 7bn as at 30 June on Thursday, reflecting a 3% increase compared to the end of March.
Atlantic Lithium considering flotation at Ewoyaa, brings in specialists
Atlantic Lithium announced the appointment of DRA Global on Thursday, to conduct a scoping study for the inclusion of a flotation circuit at the Ewoyaa Lithium Project in Ghana.
Trustpilot lifts earnings guidance after strong H1
Online business review website Trustpilot lifted earnings guidance on driven by a strong first half performance that saw it return to profit.
Weaker economic outlook dents fee income at Hays
Hays reported a dip in quarterly fee income on Thursday, on the back of growing macroeconomic uncertainties.
C&C Group branded sales jump 10%
Bulmers and Magners owner C&C Group reported a jump in sales on Thursday thanks to an "encouraging performance" from its branded business.