Company News
Seeing Machines reports near 50% jump in full-year sales
Seeing Machines saw its top-line grow by nearly half during its latest financial year.
Investor AVI asks shareholders to vote against Hipgnosis catalogue sale
Hipgnosis shareholder Asset Value Investors told shareholders on Monday that they should vote against the company’s planned $465m sale of some of its catalogues to a partnership between its investment adviser and funds advised by Blackstone.
Hipgnosis cancels interim dividend, shares tumble
Hipgnosis tumbled on Monday after saying it will no longer pay an interim dividend in order to make sure it complies with its debt covenants, as it now expects lower payments from its US catalogue.
Tristel profits jump as US sales kick off
AIM-listed Tristel saw profits jump by over a third in the year to 30 June after smashing its internal growth targets, and said it has started shipping products to its first customers in the US after a recent FDA approval.
Abrdn to sell European PE business to Patria Investments for up to £100m
Abrdn said on Monday that it has agreed to sell its European-headquartered private equity business to Nasdaq-listed Patria Investments for up to £100m.
Genel Energy reports ramp up of production from Tawke field
Genel Energy announced that crude oil output from the Tawke field in Iraq's Kurdistan region was continuing to ramp up.
Audioboom revenues drop due to weak advertising market, contract loss
Podcast company Audioboom posted a decline in revenues on Monday as it pointed to a weak advertising market and the loss of one of its contracts.
Jim Ratcliffe to buy 25% of Man Utd after Qatari group withdraws offer
US-listed shares of Manchester United tanked in pre-market trading on Monday after it emerged that a group of Qatari investors backed out of their offer to snap up the world-famous football team, paving the way for Sir Jim Ratcliffe to step in with a 25% stake.
Mike Ashley's Frasers Group ups stake in Boohoo again
Mike Ashely’s Frasers Group upped its stake in fast fashion retailer Boohoo on Monday to 15. 1% from 13. 4%.
Cerillion FY profit seen ‘meaningfully ahead’ of consensus
Cerillion said on Monday that adjusted pre-tax profit for the year to the end of September was set to be "meaningfully ahead" of consensus expectations of £14. 3m following "continued strong progress" in the second half.
DX Group reopens more former Tuffnells sites to expand network
DX, the logistics and delivery services group currently undergoing a potential takeover by US private equity firm HIG, said it has reopened another 10 of the depots that it took over Tuffnells Parcels Express, which went into administration in the summer.
ITM Power announces entry into the US market
Green energy group ITM Power has announced it is starting bidding into projects in the US market, which it says could become one of its largest markets.
GSK nears green light for Jemperli usage in Europe
Pharma giant GSK has announced that European experts recommended the approval of its Jerperli drug for the treatment of a specific type of endometrial cancer – paving the way for marketing authorisation by the continent's regulatory body.