Company News
Wednesday preview: US services, Darktrace in the spotlight
Financial markets' attention on Wednesday will shift more towards the U. S. where two surveys covering the health of the country's services sector are set for release.
Chip designer Arm seeking to raise $4.9bn in NY listing
Chip designer Arm is looking to raise up to $4. 87bn for owner Softbank in a New York listing.
Director dealings: Wetherspoon chair, easyJet director make purchases
On the list of director purchases on Tuesday was pub chain JD Wetherspoon, after its outspoken chairman picked up almost a million shares.
SkinBioTherapeutics selects probiotic blends for acne study
Skin health specialist SkinBioTherapeutics updated the market on its decision on the probiotic blends to be used in a consumer volunteer study aimed at acne treatment on Tuesday.
XLMedia inks three-year partnership with Atlanta Journal-Constitution
Sports and gaming content specialist XLMedia announced a three-year exclusive partnership with the Atlanta Journal-Constitution (AJC) on Tuesday.
Brickability confident in its trading despite macro concerns
Construction materials distributor Brickability said in an update on Tuesday that trading in the current financial year to 31 March 2024 had continued well, with the group performing in line with board expectations throughout the first quarter and to 31 July.
Midwich revenue, earnings rise on robust live events market
Trade-focussed audio-visual distributor Midwich Group reported a robust first-half financial performance on Tuesday, even amid challenging market conditions.
Craneware upbeat on post-pandemic US healthcare market
Healthcare software specialist Craneware reported significant gains across a number of financial metrics in its full-year results on Tuesday, positioning itself favourably for the upcoming year.
B&M snaps up 51 Wilko stores for £13m
Discount retail chain B&M is to buy "up to" 51 stores from collapsed rival Wilko, which fell into administration last month.
SigmaRoc posts strong set of interim numbers
Quarried materials specialist SigmaRoc reported strong first-half numbers on Tuesday, including 17% growth in revenue to £290m, and a 15% increase in EBITDA to £54. 9m.
Ofcom to review Royal Mail's universal service obligations
UK communications regulator Ofcom announced plans to review the nation's universal postal service on Tuesday, as a result of the changing needs and habits of postal users.
Gamma Communications reports solid first-half performance
Gamma Communications reported a robust first-half financial performance on Tuesday, with significant growth across several key metrics.
New car registrations enter second year of post-Covid expansion
The UK's new car market saw robust growth of 24. 4% in August, as 85,657 new vehicles were registered, according to fresh data from the Society of Motor Manufacturers and Traders (SMMT).
EnQuest swings to H1 loss, cites windfall tax
EnQuest tanked on Tuesday after the oil producer posted a first-half loss, pointing to the energy windfall tax.
Renold posts strong first-quarter performance
Renold reported strong financial performance in the first quarter in a trading update on Tuesday.
Ashtead shares drop as UK sales forecasts cut
Shares in Ashtead sank on Tuesday morning despite the equipment rental group reporting a record performance in its fiscal first quarter, after it cut its forecast for UK growth due to a "softening" market.
Rio Tinto appoints Jérôme Pécresse as CEO of aluminium business
Rio Tinto said on Tuesday that it has appointed Jérôme Pécresse as chief executive of its aluminium business, succeeding Ivan Vella.
Johnson Service Group ups guidance after strong first half
Shares in Johnson Service Group rose on Tuesday after the textile rental company raised its full-year guidance for the second time in two months and announced a new £10m share buyback programme, after a strong first-half performance.
Molecular Energies set to sell Argentina operations
Molecular Energies announced the proposed sale of its Argentinian oil and gas operations to PLLG Investments, a company beneficially owned by Peter Levine, on Tuesday.
Begbies Traynor buys Welsh insolvency advisors
Professional services consultancy Begbies Traynor is expanding its South Wales operations with the acquisition of Jones Giles & Clay, a debt advice and business insolvency practice based in Cardiff.