Company News
Union Jack upbeat on favourable Biscathorpe-2 planning decision
Union Jack Oil announced a favourable decision from the Planning Inspectorate regarding its appeal for planning permission at the Biscathorpe-2 well site in Lincolnshire on Monday.
SDI Group acquires Peak Sensors for £2.4m
Digital imaging and sensing technology developer SDI Group announced the completed acquisition of Peak Sensors on Monday.
LoopUp to fold Hybridium as it focuses on cloud telephony
Cloud telephony specialist LoopUp announced its intention to exit its Hybridium business globally on Monday by initiating proceedings to place the associated group subsidiary Mashmegroup into the Spanish ‘Concurso’ administration process.
Strip Tinning wins big automotive production nomination
Strip Tinning Holdings announced on Monday that it has secured a significant production nomination for its glazing business.
British Steel confirms plans that could lead to 2,000 job losses
British Steel confirmed plans that unions warn could lead to the loss of 2,000 jobs in Scunthorpe on Monday afternoon.
Boohoo defends supply practises after BBC allegations
Online fashion retailer Boohoo responded to scrutiny over how it treats suppliers on Monday afternoon after a BBC investigation revealed allegations of staff pressuring suppliers to reduce prices, even after agreements had been reached.
BioNTech lowers expectations as Covid jab demand wanes
BioNTech revised its full-year revenue projection downwards on Monday, reducing it by around €1bn due to decreased demand for the Covid-19 vaccine it co-developed with Pfizer.
Director dealings: Seeing Machines director ups stake
Seeing Machines revealed on Monday that non-executive director Michael Brown had upped his stake in the AIM-listed firm via his interest in Lombard Odier Asset Management.
WeWork shares halted for news pending
Shares in office-sharing firm WeWork were suspended on Monday after it tumbled on reports it could file for bankruptcy as early as this week.
BAT to make further investment in Organigram, shares surge
Organigram shares surged on Monday after it said that British American Tobacco has agreed to invest a further CAD124. 6m (£74m) into the business.
Vast updates debt agreements with A&T and Mercuria
Mining company Vast Resources updated the market on its debt funding arrangements with A&T Investments (Alpha) and Mercuria Energy Trading on Monday.
Citigroup considering at least 10% job cuts in major businesses - report
Citigroup's managers and consultants working on chief executive Jane Fraser's reorganisation have reportedly discussed job cuts of at least 10% in several major businesses.
Harland & Wolff secures £8.5m barge contract
Fabrication company Harland & Wolff said on Monday that it had secured a further 10 barge contracts from the Cory Group, worth a total of £8. 5m.
ICO apologises to ex NatWest boss Rose over Farage scandal
The Information Commissioner's Office apologised to former NatWest chief executive Dame Alison Rose on Tuesday for falsely giving the impression that it was investigating her actions and involvement in the Nigel Farage scandal.
Tuesday preview: Chinese foreign trade, Persimmon in focus
China and the U. S. will focus investors' attention on Tuesday.
Job losses expected as British Steel plans to scrap Scunthorpe furnaces
British Steel's blast furnaces in Scunthorpe are to close down, putting up to 2,000 jobs at risk, as the Chinese-owned manufacturer looks to transform into a more sustainable company.
Springfield Properties signs new £6.1m affordable housing contract
Scottish housebuilder Springfield Properties said on Monday that it had signed a new £6. 1m affordable housing contract with The Highland Council.
Kitwave FY results seen in line with expectations
Wholesale business Kitwave Group said on Monday that its full-year financial results were forecast to be in line with current market expectations.
Plexus inks rental contract with Neptune Energy
Oil and gas engineering services business Plexus has struck a roughly £175,000 rental contract award with Neptune Energy UK for exact adjustable wellhead and centric mudline suspension equipment.
US investment firm Dodge & Cox doubles stake in Entain to 10%
UK-listed gambling company Entain has revealed that US fund management group Dodge & Cox last week doubled its stake.