Company News
Europe open: Shares flat ahead of German CPI; Orsted tanks
European shares were flat at the open on Wednesday as investors eyed German inflation numbers later in the morning.
Director dealings: Pantheon, Abrdn directors pick up market shares
Pantheon Resources was on the list of director buys on Wednesday, after its executive chairman picked up one million shares.
Thursday preview: Eurozone inflation expected to slow
Economic data is once again likely to dominate newsflow on Thursday with a host of indicators expected from Europe and the US.
Flowtech Fluidpower revenue rises but earnings fall
Flowtech Fluidpower reported a 2. 8% increase in revenue in its first-half results on Wednesday, reaching £59. 1m, compared to £57. 5m in the first half of 2022.
Future CEO looking to sell B2B operations - report
Future shares surged on Wednesday following a report the media group’s new chief executive is looking to sever ties with its business-to-business operations.
Firering commissions crushing system at Zambia lime plant
Explorer and developer Firering Strategic Minerals announced the commissioning of a crushing system, as well as the completion of design work for lime kilns at the Zambian lime plant owned by Limeco Resources on Wednesday.
Eco Atlantic makes decent progress in first quarter
Offshore oil and gas explorer Eco Atlantic updated the market on its first quarter on Wednesday, reporting cash and cash equivalents of $2. 4m, with no outstanding debt.
K3 Business Technology pleased with first-half performance
Fashion and apparel-focussed business software specialist K3 Business Technology reported an overall first-half performance that exceeded management expectations on Wednesday.
Belluscura signs 10-year licensing deal in China, Asian markets
Medical device developer Belluscura announced a 10-year exclusive licence, marketing and distribution agreement with InnoMax Medical Technology on Wednesday.
EnSilica wins EUR 2.5m satellite broadband chip contract
Application-specific integrated circuit (ASIC) specialist EnSilica has won a contract valued at €2. 5m for its satellite broadband chip, it announced on Wednesday.
Bidstack enters exclusive in-game ad partnership with Venatus
Bidstack Group announced an exclusive commercial partnership with Venatus Media on Wednesday, granting Venatus sole access to Bidstack's comprehensive in-game advertising inventory in six key global markets.
Challenger Energy establishes £3.3m funding facilitiy
Challenger Energy announced a series of strategic initiatives on Wednesday, most notably the establishment of a £3. 3m convertible loan note funding facility.
Alien Metals selects contractor for Hancock crushing and screening
Alien Metals announced the selection of Rapid Crushing & Screening Contractors as its preferred supplier for crushing and screening services at flagship Hancock Iron Ore Project on Wednesday.
Falcon Oil upbeat on progress at Beetaloo well
Falcon Oil announced on Wednesday that the Shenandoah South 1H (SS1H) pilot hole, located in exploration permit 117 in the Beetaloo Sub-basin, had reached a total vertical depth (TVD) of 3,300 metres.
Prudential H1 profits rise as new CEO unveils pivot towards Asia
Insurer Prudential on Wednesday posted a better-than-expected 6% rise in first-half operating profits as Chinese investors bought its products in Hong Kong after Covid restrictions were lifted, and also outlined a new investment strategy pivot towards Asia.
Instem shares surge on £203m takeover offer
Shares in Instem soared 40% on Wednesday morning after the life sciences software company received a £203m takeover offer from healthcare-focused investment firm ARCHIMED.
The Works cuts dividend despite full-year revenue growth
Discount stationery, crafts, books and toys retailer The Works reported revenue growth and resilience amid a challenging economic environment in its preliminary results on Wednesday, largely due to strong in-store sales.
Vertu Motors on track despite weaker used car sales
UK car dealership group Vertu Motors said it remains on track for the full year after a solid first half, despite used vehicle sales being hit by rising interest rates.
Superdry shares suspended as full-year results delayed
Fashion retailer Superdry announced on Wednesday that its full-year results aren't ready, meaning that shares have had to be temporarily suspended from trade in London.
Anglo sees continued soft demand for De Beers diamonds
FTSE 100 mining group Anglo American has announced another large fall in diamond revenues from the latest sales cycle at subsidiary De Beers, saying that buyers were being "prudent" because of the macro environment.