Company News
Thursday preview: U.S. data, Tesla in focus
The market spotlight on Thursday was expected to be firmly on the U. S. with multiple economic reports due out.
LBG Media acquires Betches in $24m deal
LBG Media, the parent company of LADbible Group, announced the acquisition of Betches Media on Wednesday, on a move aimed at expanding its presence in the digital media landscape.
Kin and Carta to be taken private by Apax in £203m deal, shares surge
Digital transformation consultancy Kin and Carta surged on Wednesday after it agreed to be taken over by private equity firm Apax Partners in a £203m deal.
QatarEnergy and Shell strike 27-year LNG deal
Energy giants Shell and QatarEnergy have struck a deal to supply the Netherlands with liquefied natural gas, it was announced on Wednesday.
888 Q3 revenues slump amid regulatory changes
William Hill and Mr Green owner 888 posted a slump in third-quarter revenues on Wednesday as it took a hit from new gambling regulations and customer-friendly results.
Just Eat ups full-year core profit guidance
Just Eat Takeaway lifted its full-year core profit guidance on Wednesday as it announced the launch of a new share buyback programme of up to €150m.
Shares plunge as Sosandar unveils growth plans
Shares in Sosandar tumbled on Wednesday after the online fashion retailer unveiled ambitious expansion plans, including opening bricks and mortar stores for the first time.
Cake Box trading as expected in first half
Cake Box said on Wednesday that trading in the first half of the year was in line with its expectations, with revenues and profits set to jump.
SigmaRoc flags decent revenue growth
Quarried materials specialist SigmaRoc reported 7% like-for-like revenue growth during the first nine months of the year on Wednesday, amounting to £435. 9m.
Adidas lifts profit guidance as Yeezy sell-off performs strongly
Adidas shares were rising strongly in Frankfurt on Wednesday after the sporting apparel and footwear giant surprised the market with expectations of booking a profit this year, helped by its ongoing sell-off of Yeezy stock.
Whitbread 1H sales jump, new share buyback announced
Premier Inn owner Whitbread's topline growth at the half-year stage fell short of analysts' estimates, but the company was confident on the outlook.
Bodycote chooses industry veteran Jim Fairbairn as new CEO
Bodycote has chosen a veteran of the engineering sector to run the company starting from early 2024.
Marshalls confident in full-year performance after Q3 improvement
Marshalls reported total revenue of £528m for the first nine months of the year on Wednesday - a 3% decrease compared to the same period in 2022.
Hochschild reports strongest quarter of the year to date
Precious metals specialist Hochschild Mining reported its strongest quarter for the year-to-date on Wednesday, producing 49,999 ounces of gold, 2. 6 million ounces of silver, 81,619 gold equivalent ounces, and 6. 8 million silver equivalent ounces.
Quilter AuMA take a slight dip in third quarter
Quilter reported assets under management and administration (AuMA) of £101. 4bn as of 30 September on Wednesday - a slight dip from the £101. 7bn recorded in June.
Liontrust reports fall in assets under management in Q3
Liontrust Asset Management reported net outflows of £1. 6bn in its third quarter on Wednesday, after combination talks with GAM ended.
Woodside grows Q3 revenues as output rises 8%
Woodside Energy said it was able to grow revenues in the third quarter as higher production offset lower commodity prices, as it reduced its spending guidance for the full year.
Pendragon slumps as AutoNation says it won't make an offer
Car dealership Pendragon slumped on Wednesday after US peer AutoNation said it would not be making an offer for the company.
Segro confident on robust rent roll growth
Segro reported robust rent roll growth for the year to date in a trading update on Wednesday, as well as a promising outlook on the back of its active asset management.
BHP to sell two Queensland coal mines for over $4bn
Commodities titan BHP is to sell two of its co-owned Queensland coal mines to Australian mining group Whitehaven Coal for $4. 1bn.