Company News
SIG holds forecasts on upbeat long-term outlook
Building materials group SIG reported a 23% drop in first-half profits on Tuesday, but stuck to its full-year forecasts as painted an upbeat picture around the long-term demand for sustainable construction projects.
Wednesday preview: China CPI. UK house prices in the spotlight
Investors' attention in the middle of the week would continue to be trained on the People's Republic of China and the latest consumer price statistics that would be released overnight in the Asian giant.
Director dealings: Safestyle CFO invests, Staffline interim chair linked to sale
Replacement window and door specialist Safestyle UK was on the list of director buys on Tuesday, after its chief financial officer picked up almost 120,000 shares.
Windward secures AI contract with Peninsula Petroleum
Maritime artificial intelligence (AI) specialist Windward has secured a contract with marine energy supplier Peninsula Petroleum, it announced on Tuesday.
Physiomics inks contract extension with Numab Therapeutics
Mathematical modelling company Physiomics, which specialises in the development of oncology drugs and personalised medicine, confirmed a renewed contract with Numab Therapeutics on Tuesday.
PetroTal upbeat after strongest ever quarter
PetroTal reported record average quarterly sales of 18,483 barrels of oil per day in its second quarter on Tuesday, making for a 46% increase from the first three months of the year.
Atlantic Lithium releases new assay results from Ewoyaa
Explorer and developer Atlantic Lithium released new assay results from its ongoing drilling initiative at the Ewoyaa Lithium Project in Ghana on Tuesday.
Glencore profits halve on weaker commodity prices
Mining giant Glencore saw earnings halve in the first six months of the year on weaker commodity prices, which had surged in response to Russia's unprovoked invasion of Ukraine last year.
Beazley shares on the rise as Berenberg lifts target price
Shares in non-life insurance firm Beazley gained on Tuesday after broker Berenberg raised its target price, saying that the stock’s recent underperformance “confounds reality”.
TI Fluid Systems shares surge as dividend doubled
Shares in automotive sector player TI Fluid Systems surged on Tuesday as the company more than doubled its dividend and posted a surge in earnings.
IWG H1 profits boosted by hybrid working
Workspace provider IWG reported a strong performance across key financial metrics in its first half results on Tuesday.
China travel rebound helps IHG interim profits rise 62%
Hotels operator IHG on Tuesday reported a sharp jump in half-year profit as the travel sector continued to rebound from the Covid pandemic.
Abrdn shares slump as AuM fall; Doubles share buyback
Abrdn shares slumped on Tuesday as it reported a drop in assets under management in challenging market conditions and announced a doubling of its share buyback programme.
Quilter targeting faster growth amid robust core performance
Wealth manager Quilter announced a 2% increase in assets under management and administration (AuMA) on Tuesday, standing at £101. 7bn at the end of June.
Challenging conditions dent 1H profit for SIG
Building materials group SIG reported a 23% drop in first-half profits on Tuesday, but stuck to its full-year forecasts and painted an upbeat picture around the long-term demand for sustainable construction projects.
LondonMetric finalises acquistions of CT Property
LondonMetric Property has finalised its acquisition of CT Property Trust (CTPT), it announced on Tuesday, issuing 105. 6 million new shares to CTPT shareholders.
UKCM reports robust second quarter amid challenging market
UK Commercial Property REIT (UKCM) reported robust growth and stability in its £1. 26bn portfolio of UK real estate in a second-quarter update on Tuesday.
Spirax-Sarco CEO to step down, CFO to take up role
Thermal energy and fluid technology specialist Spirax-Sarco Engineering announced a forthcoming change in leadership on Tuesday.