Company News
Friday preview: China data, US consumer confidence in focus
The market spotlight at the end of the week will shift to Asia.
Director dealings: IPF non-exec picks up shares, Hutchmed China director linked to sale
International Personal Finance was among the companies on the list of director purchases on Thursday after a non-executive director spent more than £18k on shares.
CBI members unhappy about possible Make UK tie-up - report
The CBI could be facing further member resignations if plans to merge with fellow trade body Make UK go ahead, it was reported on Thursday.
Invinity gets first order for next generation 'Mistral' product
Energy storage specialist Invinity Energy Systems announced its inaugural customer order for its next-generation product, ‘Mistral’, on Thursday.
Cornish Metals takes wraps off updated mineral resource estimate
Cornish Metals unveiled an updated mineral resource estimate (MRE) for its flagship South Crofty Tin Project in Cornwall on Thursday.
Mkango inks 50-50 venture with CoTec for US project
Mkango Resources and its partner CoTec Holdings announced their collaboration through a 50-50 joint venture to roll out HyProMag's innovative rare earth magnet recycling technology in the United States on Thursday.
Greatland Gold defers ASX listing, arranges AUD 50m standby facility
Greatland Gold announced an AUD 50m (£26m) unsecured standby debt facility with Wyloo Consolidated Investments on Thursday.
Victoria sells more than 200m square metres of flooring in 2023
Floorcoverings specialist Victoria said in its audited results on Thursday that the total volume of flooring sold in the 2023 financial year surpassed 200 million square metres - an area equivalent to more than 29,500 football fields.
Uniphar gross profit jumps in first half
Healthcare services company Uniphar reported gross profit growth of 28. 6% in its first half on Thursday, of which 5. 5% was organic, representing progress across all divisions.
Gresham House posts slight uptick in assets under management
Alternative asset manager Gresham House reported 5% growth in assets under management in its first half on Thursday, to £8. 3bn.
Brooks Macdonald hikes dividend even as profit slips
Brooks Macdonald reported funds under management of £16. 8bn in its final results on Thursday, making for a 7. 5% increase from the prior year's £15. 7bn.
Lidl swings to annual loss on higher costs
Lidl GB has swung to a £76m annual loss, the German discounter confirmed on Thursday, as its rapid expansion and investment in pricing pushed up costs.
Focusrite set to report solid full-year growth
Music and audio hardware specialist Focusrite said in a trading update on Thursday that, even with adverse market conditions, especially in the Asian region, it saw significant growth compared to its performance before the pandemic.
THG shares tank on weaker revenue, wider losses
Shares in UK online retail platform THG tanked on Thursday as the company's first half pre-tax losses widened and revenues slipped.
The Range to snap up Wilko brand
Homeware specialist The Range is to buy the brand and website of collapsed retailer Wilko, it was confirmed on Thursday.
Kier planning to restart dividends after year of growth
Infrastructure and construction services specialist Kier Group reported a 4. 6% improvement in revenue in its full-year results on Thursday, hitting £3. 41bn and an adjusted operating profit of £131. 5m, making for a 9. 1% increase.
Hipgnosis to sell $465m of songs to fund share buyback, reduce debt
Hipgnosis Songs Fund said on Thursday that it has agreed to sell some catalogues to a partnership between its investment adviser and funds advised by Blackstone for $465m in order to fund a share buyback programme and reduce debt.
John Lewis turnaround delayed by two years
The John Lewis Partnership has pushed backed its recovery plan by two years, blaming record levels of inflation.
Spire Healthcare posts strong first-half growth
Independent hospital operator Spire Healthcare Group reported 13. 1% growth in first-half revenue on Thursday, to £676. 5m, amid high demand for its services.
Gemfields shares drop as H1 profits sink
Shares in Gemfields tanked on Thursday morning after the gemstones miner and Fabergé owner said both revenues and profits in the first half were down sharply on last year.