Company News
Director dealings: Aferian exec invests, ICG board member sells shares
Aferian was among those on the list of director buys on Thursday, after the B2B video streaming solutions company disclosed a purchase of 100,000 shares.
Agronomics investee CellX opens China cultivated meat plant
Cellular agriculture investor Agronomics announced on Thursday that its Shanghai-based investee CellX had opened a pioneering cultivated meat pilot factory in China.
Aptamer secures two contracts with big pharma firm
Life sciences company Aptamer Group has secured two new contracts with one of the world’s top five pharmaceutical companies, it announced on Thursday, with an estimated worth of up to £0. 22m.
Thor gets needed approvals for new drilling programme
Thor Energy announced on Thursday that it has secured all the necessary approvals for its upcoming drilling operations in the Wedding Bell and Radium Mountain projects.
Firering sings option to acquire chunk of Zambia's Limeco
Firering Strategic Minerals confirmed the signing of an option deed on Thursday, which would allow it to acquire a substantial stake in Limeco Resources for $5. 1m, divided over two tranches.
Packaging firm Robinson swings to first-half loss
Plastic and paperboard packaging manufacturer Robinson reported a decline in first-half revenue on Thursday, noting a drop of 4. 3% to stand at £24. 3m.
Arecor inks partnership with unnamed pharma giant
Biopharmaceutical company Arecor Therapeutics has entered into a partnership agreement with an unnamed global top-10 pharmaceutical company, it announced on Thursday.
Watkin Jones finalises sale of three non-core assets
Property developer Watkin Jones said on Thursday that it had successfully finalised the sale of its three non-core private rented sector (PRS) assets in Sheffield and Manchester.
Tremor shares tumble as adjusted earnings slide
Video and connected television (CTV) advertising technology specialist Tremor International reported a second quarter contribution excluding traffic acquisition costs (ex-TAC) of $80. 2m in its interim results on Thursday - a 13% rise from $70. 8m in the same period last year.
Horizonte reports first-half progress at Araguaia
Brazil-focussed nickel developer Horizonte Minerals said in its interim report on Thursday that construction of the Araguaia nickel project line one was progressing at a steady pace, confirming that it was on track for inaugural metal production by the first quarter of 2024.
Friday preview: UK retail sales to dominate newsflow
Friday is set to be another quiet day for corporate earnings and economic data, with UK retail sales for July likely to steal the focus as markets continue to look for hints at how the Bank of England may react to recent economic activity.
Bank of Georgia shares surge on share buyback, H1 profits up 33.5%
Bank of Georgia on Thursday reported a 33. 5% jump in half year profits, driven by a sharp rise in net interest income and also unveiled a share buyback of 62m Georgian lari (GEL).
ITM Power shares gain as H1 results beat expectations
Shares in hydrogen firm ITM Power made sharp gains on Thursday as the company posted interim in line with expectations as it seeks to turn its fortunes around.
Rank Group proposes no dividend as it meets revised expectations
Gambling operator, the Rank Group reported full-year like-for-like underlying operating profit of £20. 3m in its preliminary results on Thursday - in line with its revised guidance from April, but down significantly from the prior year's £42. 5m.
Kin and Carta operating profit tops market expectations
Digital entertainment consultancy Kin and Carta reported net revenue of £48m in its fourth quarter in a trading update on Thursday - a figure that fell squarely in the middle of its projected range for the period.
BAE buys Ball Aerospace for $5.5bn
BAE Systems on Thursday said it had bought Ball Corporation's aerospace business $5. 55bn in cash as it looked to cash in on higher government defence spending in the wake of Russia's invasion of Ukraine.
Student accommodation group Empiric lifts forecasts
Empiric Student Property boasted a “very strong start” to 2023 as it raised its full-year guidance and pumped up its interim dividend.