Company News
Wednesday preview: UK CPI, Whitbread in focus
Investors' focus in the middle of the week was likely to be on the latest UK consumer price data.
Glencore to shut Mount Isa copper mines by 2025 - report
Glencore is reportedly is set to close its copper mining operations in Mount Isa by the end of 2025, resulting in the loss of about 1,000 jobs, but will keep its refinery and smelters open in North Queensland.
Thermo Fisher to buy Sweden’s Olink in $3.1bn deal
Thermo Fisher Scientific has agreed to buy Swedish proteomics company Olink in a $3. 1bn deal.
Digital 9 Infrastructure developing set of actions ‘to maximise shareholder value’
Shares of Digital 9 Infrastructure surged on Tuesday after the company said it was developing a set of actions to maximise shareholder value.
Revolution Bars swings to full-year loss
Revolution Bars said on Tuesday that it swung to a full-year loss as late-night hospitality took a hit form the cost-of-living crisis.
Goldman Sachs profits fall by a third in Q3
Goldman Sachs said on Tuesday that its profits fell by a third in the three months to the end of September.
Zinc Media secures win for 'largest ever' US television series
Production group Zinc Media has won its largest-ever USA television series with the working title, Top Gun: The Next Generation.
4Global wins contracts in Middle East and Mexico
Software firm 4Global said on Tuesday that it has been awarded contracts in both the Middle East and Mexico.
THG returns to revenue growth in September
Online retailer The Hut Group said on Tuesday that revenues had fallen in the third quarter but that it had returned to constant currency revenue growth in September.
i-nexus parts ways with 'major legacy customer'
Software company i-nexus said on Tuesday that a "major legacy customer" will not renew its contract with the group at the end of the calendar year.
Bellway posts drop in FY profit, to build fewer homes
Housebuilder Bellway reported an 18. 1% fall in full-year underlying pre-tax profit on Tuesday amid a "challenging" market, with demand dented by rising mortgage rates, and warned it will build fewer homes in 2024.
XPS Pensions shares jump on punchy full-year guidance
Shares in XPS Pensions continued their march higher on Tuesday after the UK pensions consulting and administration business delivered an impressive first half and guided to a stronger-than-expected full-year result.
IntegraFin FUM grows in Q4, FY revenues rise
Investment platform operator Integrafin said on Tuesday that funds under management had increased in the fourth quarter, helping boost revenues for the year ended 30 September.
Competition regulators order CAA to review Heathrow price cap
UK competition regulators have ordered the Civil Aviation Authority (CAA) to amend the pricing cap it placed on what Heathrow Airport can charge airlines.
Brookfield considers move into UK pension market, Just Group in the frame - report
Brookfield, through its affiliate Brookfield Reinsurance, is reportedly weighing entering Britain's pension insurance industry and is open to an acquisition to bolster growth, with Just Group among the possible targets.
Shoe Zone FY profits grow as 'positive' momentum continues
Footwear retailer Shoe Zone revealed on Tuesday that both revenue and pre-tax profits had grown in the twelve months ended 30 September.
Melrose boosts full-year guidance for margins
Aerospace outfit Melrose upgraded its full-year guidance thanks to the continued "strong" aftermarket demand in its Engines business.
Jupiter third-quarter AuM drop; new charging structure announced
Jupiter Fund Management tumbled on Tuesday as it announced a new charging structure and posted a decline in third-quarter assets under management, as macroeconomic uncertainty continued to dent demand for risk assets, particularly with retail clients.
Rolls-Royce to cut up to 2,500 jobs as part of streamlining plans
Engine maker Rolls-Royce said on Tuesday that it will cut up to 2,500 jobs worldwide as part of a plan to streamline the organisation.
Vanquis Banking returns to profit in Q3
Lender Vanquis Banking Group said on Tuesday that it had returned to profit during the third quarter on the back of cost cutting actions.