Company News
Thursday preview: German, Spanish CPI and Fed speakers on tap
Financial markets' focus on Thursday will be on consumer price data due out in two of the single currency bloc's largest economies.
Morrisons CEO Potts to step down, replaced by former Carrefour boss
Supermarket chain Morrisons said David Potts was stepping down as chief executive after nine years in the role, to be replaced by former Carrefour boss Rami Baitiéh.
Director dealings: TUI, Oxford Biomedica board members linked to buys
TUI was among those on the list of director buys on Wednesday after its chief executive officer purchased almost 50,000 shares.
US DOJ steps up probe into Credit Suisse, UBS over Russian sanctions
The US Department of Justice has reportedly stepped up its probe into Credit Suisse and UBS over suspected compliance failures that allowed Russian clients to evade sanctions.
Alfa Financial in takeover talks with US PE firm Thomas H Lee Partners
Asset finance software company Alfa Financial Software Holdings confirmed on Wednesday that it is in preliminary takeover talks with US private equity firm Thomas H Lee Partners.
Samsung to invest $2bn in second battery factory with Stellantis
Samsung SDI is to invest $2bn building a second battery plant in the US with global car group Stellantis, it was confirmed on Wednesday.
Rising bills, cost-of-living crisis hit Tasty's bottom line
Casual dining operator Tasty reported minor first-half revenue growth on Wednesday, with a 0. 9% increase year-on-year to £21. 7m.
September heatwave hits sales at H&M
Sweden's H&M Group reported a jump in profits on Wednesday, in line with expectations, but warned that unseasonably hot weather had dented current trading.
Plant Health Care confident despite softer US market
Agricultural biological specialist Plant Health Care reported a slight growth in overall first-half revenue of 1% on Wednesday, to $5. 6m.
Coral Products trading in line with market expectations
Plastic products designer, manufacturer and supplier Coral Products said in a trading update on Wednesday that the start of the current financial year met market expectations.
OptiBiotix Health reports 'strong' progress in first half
Life sciences company OptiBiotix Health reported a “strong” first half of trading on Wednesday, as sales revenue soared 195% to £0. 35m.
NCC optimistic about recovery after a challenging year
Cybersecurity group NCC said it expects a "period of considerable change" this year as it executes on its turnaround strategy after macro conditions held back revenue and profit growth in the 12 months to 31 May.
UK government green lights Rosebank oil field
The government has approved the development of Rosebank, the UK’s largest untapped oil field, sending shares in its operators higher.
Zinc Media makes substantial first-half progress
Television, brand and audio production specialist Zinc Media Group reported substantial first-half progress on Wednesday, with revenue growth of 68% year-on-year, bringing it to £18. 1m.
Saga sees FY profit ahead of market estimates
In its interim results on Wednesday, Saga said full-year underlying pre-tax profit was set to be ahead of market estimates, and that it has paused the proposed sale of its underwriting arm, as it announced the departure of its chief financial officer.
Golden Metal reveals promising findings at Garfield Project
Nevada-focussed minerals explorer Golden Metal Resources announced promising findings at its Garfield Project on Wednesday.
Reabold Resources upbeat on oil-based drilling approval
Oil and gas investor Reabold Resources has received approval from the Environmental Agency (EA) to use oil-based drilling fluids at the West Newton B-2 well, it announced on Wednesday.
TI Fluid Systems maintains guidance, unveils new regional structure
TI Fluid Systems updated the market on its trajectory on Wednesday as the automotive industry continued its shift towards electrification.
Bid target Pendragon reports solid H1 as AutoNation joins the fray
Bid target Pendragon on Wednesday reported an 10% increase in underlying first-half profits as it received yet another takeover offer – this time from US car retail giant AutoNation.
Vanquis appoints HSBC veteran Dave Watts as new CFO
Vanquis Banking Group announced the appointment of Dave Watts as its new chief financial officer on Wednesday, set to commence in November.