Company News
Elementis shares surge as Franklin sale demand rebuffed
Shares in UK chemicals group Elementis on Wednesday surged as the company rejected a demand by major shareholder Franklin Mutual Advisers to sell the company.
UK car industry hits out at possible delay to petrol car ban
The UK motor industry has criticised plans by the government to potentially water down a number of core green policies.
Thursday preview: BoE, US data in the spotlight
All eyes on Thursday would be on the Bank of England's possibly last interest rate hike for the current tightening cycle.
Director dealings: Currys non-exec invests, Caledonia CEO covers tax bill
Currys was on the list of director purchases on Wednesday after its deputy non-executive chair picked up almost £0. 1m of shares.
Cazoo agrees $630m debt-for-equity swap with bondholders
Troubled online car seller Cazoo has agreed a debt-for-equity swap with its bondholders and is now recommending shareholders support the plan.
Poolbeg gets notice of a new Japan patent
Clinical-stage biopharmaceutical company Poolbeg Pharma announced the receipt of a notice of allowance from the Japanese Patent Office for its Immunomodulator I patent application on Wednesday.
Journeo acquires MultiQ Denmark in EUR 2.5m deal
Transport technology and systems supplier Journeo announced its acquisition of MultiQ Denmark on Wednesday for €2. 5m.
Watchdog calls on motor insurers to ensure fair value
The competition watchdog has warned motor insurers that they must provide better value for customers buying certain add-on products.
Crimson Tide wins deal with UNC Health
Crimson Tide announced further expansion into the US market on Wednesday by partnering with a new client responsible for catering services at UNC Health, a division of the University of North Carolina (UNC).
Italian Competition Authority to probe Ryanair
The Italian Competition Authority is to investigate Ryanair over alleged exclusionary abuse of a dominant position, it was announced on Wednesday.
Greatland inks land access deal with Manta Rirrtinya native title holders
Greatland Gold has entered into a land access and mineral exploration agreement with the Wakamurru Aboriginal Corporation RNTBC, it announced on Tuesday.
Advanced Medical Solutions reports slight increase in first-half profit
Tissue-healing technology developer Advanced Medical Solutions reported an 8% improvement in first-half revenue in its interim results on Tuesday, to £63. 1m.
Avacta brings in clinical consultant as it hunts for permanent CMO
Oncology-focussed life science company Avacta Group announced a new consultancy pact with Dr Christina Coughlin on Tuesday.
LBG Media posts growth despite advertising market downturn
Youth-focused digital publisher LBG Media reported a 10% growth in total group revenue in its interim results on Tuesday, to £27. 2m.
Johnson Service Group kicks off share buyback programme
Johnson Service Group kicked off its share buyback programme on Tuesday, which will see it buy back shares worth up to £10m.
Warpaint London reports substantial rise in first-half sales
Colour cosmetics company Warpaint London reported a substantial increase in its first-half sales on Tuesday after expanding its branded product sales.
M&G beats estimates for 1H profits and net client flows
Global investment manager M&G posted stronger-than-expected interim profits and net client flows.
Supermarket Income REIT posts strong full-year rent growth
Supermarket Income reported a 30% spike in its annualised passing rent in its audited results on Tuesday, reaching £100. 6m.
Action underpinning 3i Group's portfolio performance
3i Group updated the market on its September portfolio company reviews on Tuesday, reporting that despite the overarching difficulties in the current macroeconomic scenario, its portfolios are demonstrating commendable progress.
Pearson shares drop as CEO Andy Bird retires
Shares in educational publisher Pearson dropped on Wednesday morning after the company announced the exit of its chief executive Andy Bird, who has been in the role for three years.