Company News
Grey weather dampens footfall for UK retailers in August
Poor weather and strong comparisons with last year meant that footfall across the UK retailing sector was down in August, according to stats out Friday from the British Retail Consortium.
Revolution Beauty unveils new boss after tumultuous year
Shares in Revolution Beauty Group tanked on Thursday after the cosmetics company announced its results from a year of "upheaval" and appointed a former Walgreens executive as its new boss.
Director dealings: Flowtech board members invest, Frenkel Topping non-exec linked to buy
Flowtech Fluidpower was on the list of director buys on Thursday, after it disclosed transactions made by three of its board members.
Ovoca Bio shares plummet after female libido treatment trial fails
Biopharmaceutical developer Ovoca Bio’s shares were plummeting on Thursday, after it released a summary of the top-line results from its phase two dose-ranging study evaluating Orenetide.
Molecular Energies working towards drilling Paraguay well
Molecular Energies updated the market on the Paraguay exploration well on the Tapir x1 site on Thursday, reporting that work towards drilling of the exploration well had continued.
Physiomics shares jump on new contract wins
Shares in Physiomics surged on Thursday after the mathematical modelling company was awarded two contracts, one of which was with a new client.
Coro gets £1m from Ion sale, contracts met mast for wind project
South East Asian energy company Coro Energy announced on Thursday that it had received £1m from the sale of Ion Ventures, as well as contracted the meteorological mast for its 100MW onshore Oslob Wind Power Project.
Infrastructure India extends debt facilities as it looks to sell asset
Infrastructure India (IIP) announced an extension to the maturity dates of its debt facilities on Thursday in a bid to allow it more time to sell its biggest asset, with the extension first applying to the term loan originally announced in April 2019.
Grafton profits fall in tough market; unveils £50m buyback
Building materials supplier Grafton on Thursday reported a 29% fall in half-year profits amid a challenging market, but still lifted its dividend and announced a new £50m share buyback.
Block Energy reaches total depth with latest well
Georgia-focussed development and production company Block Energy announced on Thursday that well WR-34Z had reached total depth, and drilling operations had ceased.
Friday preview: Non-farm payrolls set to steal the show
Another raft of overseas economic indicators are on the schedule for Friday, but it will be the all-important non-farm payroll data from the US that will steal the headlines.
Jadestone announces plans to restart production at Montara
Asia-Pacific oil and gas producer Jadestone Energy revealed plans on Thursday to resume production at its Montara facility on 1 September.
i3 Energy revenue, operating income falls in first half
Independent oil and gas company i3 Energy reported a decrease in revenue and operating income in its first half on Thursday, with revenue sliding to £75. 5m net of royalties, down from £101. 6m in the first half of 2022.
Wilko rescue collapses - report
A bid to buy the entire Wilko business has reportedly fallen through.
Somero still confident despite weak first half
Somero Enterprises reported a decline in first-half revenues on Thursday, but expressed optimism for improved trading in the latter half of the year.
Wise breached Russia sanctions with £250 payment, says OFSI
The UK government announced on Thursday that financial services firm Wise Payments had violated Russia sanctions regulations in June last year.
Standard Chartered CFO Andy Halford to retire
Standard Chartered said on Thursday that chief financial officer Andy Halford has decided to retire.
Gulf Keystone reports tough first half amid Kurdistan export ban
Kurdistan oil operator Gulf Keystone reported significant downturns across key financial indicators in its first half on Thursday.
Frasers Group ups stake in Boohoo
Mike Ashley’s Frasers Group lifted its stake in Boohoo on Thursday to 9. 1% from 7. 8%.
UBS delivers record Q2 after $29bn accounting gain from Credit Suisse
Swiss banking giant UBS has delivered a record bottom line in its second quarter after booking a $29bn accounting gain from its takeover of Credit Suisse, but underlying profits still failed to meeting analysts' forecasts.