Company News
Friday preview: US inflation data, NatWest Group in the spotlight
Investors' focus at the end of the week will be on two key inflation indicators due out in the U. S.
Director dealings: Touchstone Exploration CEO makes share sale
Touchstone Exploration revealed on Thursday that chief executive Paul Baay had offloaded 131,000 shares in the AIM-listed exploration and development firm.
Evgen upbeat on start of glioblastoma research project
Clinical-stage drug developer Evgen Pharma announced on Thursday that it has partnered with Dr Marjolein Geurts, a neuro-oncologist at Erasmus University Medical Centre, to start a ground-breaking research initiative in glioblastoma.
Hipgnosis shareholders vote against $440m catalogue sale
Shareholders of music rights owner Hipgnosis have voted against the company’s planned $440m sale of a music catalogue to a group backed by private equity firm Blackstone.
Tesco UK boss Jason Tarry to step down
Tesco said on Thursday that UK chief executive Jason Tarry will step down next March after more than 33 years at the company, to be succeeded by former Aldi executive Matthew Barnes.
Renewi tumbles as Macquarie says it won't make an offer
Renewi tumbled on Thursday after Macquarie Asset Management said it would not make an offer for the waste management firm.
PPHE Hotel Group Q3 revenues grow YOY
Hospitality real estate firm PPHE Hotel Group said on Thursday that third-quarter revenues had improved, with "robust rates and occupancy growth" driving momentum into Q4.
Cornish Metals opens South Crofty water treatment plant
Tin-focussed mineral explorer and developer Cornish Metals announced a significant milestone on Thursday, with the official opening of its water treatment plant (WTP) as part of its efforts to revitalise the South Crofty mine.
Sutton Harbour agrees extension to bank loan repayments
Sutton Harbour Group updated the market on its bank loan on Thursday, reporting that it has agreed with its bankers to extend the repayment of £1. 6m of its term loan from 31 October.
Alumasc trading in line despite challenging market
Building products supplier Alumasc said in a Thursday trading update that despite market challenges, it put in a strong and resilient performance in the first quarter, aligning with the board’s projections.
Kromek wins $5.9m contract with US Department of Homeland Security
Radiation detection solutions group Kromek has been awarded a $5. 9m contract from the US Department of Homeland Security for the research and development of technologies focusing on an agent-agnostic bio-detection system.
IPF sees 'good momentum' continue through Q3
Financial services firm International Personal Finance said on Thursday that "good momentum" from the first half had continued through the third quarter, with the group now expecting to perform ahead of internal plans.
Boohoo facing potential investor lawsuit - report
Boohoo Group is facing potential legal action from investors after allegations of illegal working conditions hit the fast fashion retailer’s share price, it was reported on Thursday.
R&Q inks significant loss portfolio transfer deal
R&Q announced a significant loss portfolio transfer (LPT) reinsurance agreement with an unnamed prominent UK motor insurer on Thursday.
Siemens Energy in talks with govt about potential state guarantees
Siemens Energy tanked on Thursday after confirming it is in talks with the German government about potential state guarantees to shore up its balance sheet.
Mattioli Woods trading in line as solid demand continues
Specialist wealth and asset manager Mattioli Woods reported consistent demand for its advisory services in an update on Thursday, resulting in growth in its advisory business.
Heathrow YTD losses narrow amid strong summer demand
Heathrow Airport upped its full-year passenger forecast on Thursday as it posted a narrowing of its year-to-date losses following strong demand for travel through the summer months.
Pizza Express owner considering bid for Restaurant Group
The Restaurant Group confirmed on Thursday that Wheel Topco, the owner of Pizza Express, is considering making a bid for the company.
Tech issues hit interim profits at C&C
C&C Group reported a sharp fall in half-year profits on Thursday, after the implementation of a new software system hit the British distribution business.
Safestyle tumbles as hopes for capital injection, new financing fade
Windows and doors retailer Safestyle warned on Thursday that it no longer expects to be in receipt of any form of capital injection or new financing, sending its shares sharply lower.