Company News
Tuesday preview: UK employment, Apple in focus
All eyes on Tuesday will be on the latest UK employment report.
Syncona shares slump as Novartis ends eye treatment development
Syncona shares fell as the UK healthcare investment firm said Novartis had stopped the development of experimental eye treatment, GT005, resulting in milestone payments write-off of £54. 5m for Gyroscope Holdings in which Syncona once held a 54% stake.
Director dealings: Safestore non-exec, Eneraqua CEO pick up shares
Safestore was among those at the top of the list of director purchases on Monday, after a non-executive director was involved in picking up more than 12,000 shares.
Qualcomm surges on Apple supply deal
Qualcomm shares surged on Monday after it said it will supply Apple with 5G modems for smartphones from 2024 until 2026.
Bushveld announces big partnership plans with Southern Point Resources
Vanadium producer and energy storage developer Bushveld Minerals announced its intention to forge a substantial investment partnership with the SPR GP1 fund, also known as Southern Point Resources, on Monday.
SoftBank’s Arm considers raising IPO price range - report
Arm Holdings - which is owned by Japan’s SoftBank - is reportedly considering raising the price range of its initial public offering after meeting investors for what would be the world’s largest listing this year.
Tlou reports progress at Lesedi production pods
Tlou Energy announced the successful completion of drilling activities at its Lesedi 4 and 6 production pods on Monday, marking a significant step forward in its ongoing gas production efforts.
Iofina confident as first-half earnings jump 60pc
Iodine explorer and producer Iofina reported 60% growth in adjusted EBITDA in its first half on Monday, to $5. 9m.
Seed Innovations partially offloads stake in Avextra
Health, wellness and medical cannabis investor Seed Innovations announced a major sale on Monday, offloading 2,900 shares of Germany-based European medical cannabis enterprise Avextra, formerly known as Eurox Group.
Vistry shares surge on move to unite partnerships, housebuilding
Shares in Vistry surged on Monday as the company said it planned to merge its housebuilding operations with the partnerships business by the end of the year as it also set new medium-term earnings targets.
Journeo chosen for county-wide project in Hertfordshire
Transport information systems specialist Journeo announced on Monday that it had been selected by Hertfordshire County Council (HCC) for a new project.
Cora Gold agrees extension to loan note maturity date
West Africa-focussed Cora Gold announced the extension of the maturity date for specific convertible loan rights on Monday, that were set to mature on 9 September.
Engage XR losses narrow as client list grows
Metaverse and virtual reality technology specialist Engage XR reported group revenue of €2. 1m for the first half on Monday, up 18% year-on-year.
MP Evans production rises but profitability slides in first half
Indonesia-focussed palm oil producer MP Evans announced its unaudited interim results on Monday, reporting a 2% rise in the total crop processed, amounting to 721,100 tonnes.
Wilko on the brink after rescue talks collapse
A rescue bid to save the Wilko discount retail chain and thousands of jobs has failed, after talks between administrators and HMV owner Doug Putman collapsed.
BMW to invest £600m in Oxford Mini plant
BMW is expected to announce a £600m investment to upgrade its Oxford Mini factory following the UK government's backing of the project.
Passenger numbers rise as Heathrow recovers from last summer's chaos
Heathrow Airport reported strong growth in August’s passenger numbers on Monday, as well as heightened passenger satisfaction, making for a stark contrast to the travel chaos of summer 2022.
Burford Capital responds to US court decision in YPF litigation
Legal-focussed finance and asset management company Burford Capital updated the market on the Petersen and Eton Park litigation against the Republic of Argentina and YPF on Monday, in the United States District Court for the Southern District of New York.
WANdisco hopes rebrand will change fortunes after a "traumatic" first half
Shares in WANdisco dropped on Monday morning after the struggling data activation platform confirmed first-half bookings had slumped following a "traumatic time" for the company.
Restaurant Group offloads loss-making brands Frankie & Benny's and Chiquito
Shares in The Restaurant Group (TRG) jumped on Monday after the company announced it was finally exiting its loss-making Leisure business by offloading 75 trading sites to the Big Table Group.