Company News
Deliveroo rallies as activist investor Sachem Head said to have taken stake
Deliveroo shares shot higher on Thursday following a report that activist investor Sachem Head Capital Management has taken a stake in the food delivery firm.
MJ Gleeson profits drop amid worsening consumer confidence
Housebuilder MJ Gleeson posted a fall in full-year profits on Thursday amid economic volatility and worsening consumer confidence.
Capricorn Energy lowers output guidance as restructuring continues
Capricorn Energy, the Egypt-focused oil and gas group, has said that full-year production will be at the low end of previous guidance as the slimmed-down business swung to a loss in the first half of 2023.
IG Group posts small uptick in Q1 revenue
Online trading platform IG Group posted just a small uptick in first-quarter revenue on Thursday as lower volatility dented trading volumes, but said it remains confident of achieving its medium-term targets.
Hilton Foods expands into Canada with Walmart agreement
Food packaging business Hilton Foods is to expand into the North American market after entering a long-term supply agreement with Walmart Canada.
Grafton buys Rooneys Homevalue for undisclosed sum
Building materials distributor and DIY retailer Grafton Group said its Chadwicks unit was buying Rooneys Homevalue for an undisclosed sum.
LondonMetric sells four East Midlands units for £41m
Real estate group LondonMetric Property is to sell four multi-let industrial estates in the East Midlands for £40. 5m, as it continues to sell off assets acquired in its takeover of A&J Mucklow in 2019.
Trainline launches £50m buyback after strong first half
Online travel platform Trainline on Thursday launched a £50m share buyback as ticket sales grew by almost a quarter in the first six months of its financial year.