Company News
Director dealings: OSB director makes share purchase
OSB revealed on Friday that non-executive director Simon Walker had acquired 25,000 ordinary shares in the FTSE 250-listed bank.
Gama Aviation sells Jet East for $131m
Gama Aviation announced on Friday that it has completed the sale of its US MRO business, trading as Jet East, for $131m.
Thor Energy ups stake in Alford East project to 80pc
Thor Energy increased its stake in the Alford East Copper Oxide Project to 80% on Friday, following the completion of the stage two expenditure obligations.
Corcel upbeat on drilling results from onshore Angola
Corcel updated the market on the drilling results of the Tobias-13 (TO-13) well in onshore block KON-11, Angola, on Friday.
ix Net Zero expands term loan facility with EDB
Energy transition specialist ix Net Zero announced an expansion of its financial capabilities through a restated and amended secured two-year term loan facility with European Depositary Bank (EDB) on Friday.
Roebuck Food Group buying Moorhead & McGavin, raising £2.5m
Roebuck Food Group announced a conditional agreement to acquire Moorhead & McGavin, a food and food ingredient distribution business based in Motherwell, on Friday.
Synergia reports progress on Cambay well lift operations
Synergia Energy updated the market on the progress of its artificial lift operations at the Cambay C-77H well on Friday.
Sareum secures Japan patent for kinase inhibitor asset
Biotechnology firm Sareum announced on Friday that it has received a notice of allowance from the Japan Patent Office for a patent associated with SDC-1801, its primary TYK2/JAK1 kinase inhibitor.
Greatland completes inaugural drilling at Paterson South
Greatland Gold has successfully concluded its inaugural drilling campaign at the Paterson South Project, it announced on Friday, operating under a farm-in and joint venture agreement with Rio Tinto Exploration.
CMA secures data commitments from Amazon and Meta
The Competition and Markets Authority announced on Friday that it has separately secured commitments from two major tech giants, Amazon and Meta Platforms, to promote fair competition on their respective retail platforms.
BMW Group upbeat after robust third quarter
Automaker BMW Group reported a robust third-quarter performance on Friday, with a higher margin in its core cars business as it remained optimistic about its annual forecasts.
UK service sector 'skirting with recession' - PMI
The UK service sector had a lacklustre October, a closely-watched survey showed on Friday, as cost of living pressures continued to weigh on demand.
Third-quarter profits tumble at SocGen
Societe Generale reported a slide in quarterly revenues and profits on Friday, dragged lower by a weaker performance at its retail bank.
CAP-XX product revenues improve
Supercapacitors manufacturer CAP-XX said on Friday that product revenues had continued to improve in the four months ended 30 October.
Safestyle 'likely' to enter liquidation
Door and window fitting company Safestyle said on Friday that its directors would likely be required to place the group into liquidation.
Surface Transforms shares sink after full-year sales warning
Shares in Surface Transforms tanked over 40% on Friday morning after the brake disc manufacturer slashed its sales guidance due to ongoing challenges in production lines.
Wickes reiterates profit guidance despite Q3 sales slump
DIY and building supplies retailer Wickes said it remains on track to meet full-year targets despite a slump in sales in the third quarter, as it warned some installation sales would be pushed into next year.
China services PMI picks up less than expected
Activity in China’s services sector picked up less than expected in October, according to figures released on Friday.
Sam Bankman-Fried found guilty of FTX fraud
Former crypto tycoon Sam Bankman-Fried has been convicted of fraud and money laundering by a court in New York.
Currys offloads Kotsovolos to shift focus back to UK, Ireland and Nordics
Consumer electronics retailer Currys is selling its entire Greek and Cypriot division for €200 million (£175m) in a move which it says will simplify its business model and pay down its pension deficit.