Company News
London close: Stocks higher despite weaker retail sales data
London’s stock markets finished in a positive state on Friday despite weaker-than-expected UK retail sales figures.
Axel Springer pulls out of auction for Telegraph Media - report
Germany’s Axel Springer has reportedly pulled out of an auction to buy Telegraph Media Group after baulking at the price expectations for the UK publisher.
Director dealings: Inchcape director snaps up shares
Inchcape revealed on Friday that non-executive director Byron Grote had acquired 10,000 ordinary shares in the London-listed automotive distribution and retailer company,.
FCA censures NMC Health for understating debt
The Financial Conduct Authority said on Friday that it has censured failed hospital operator NMC Health for understating its debt by up to $4bn.
Sir Jim Ratcliffe mounting imminent offer Man Utd stake - report
Shares in Manchester United jumped on Wall Street on Friday morning on reports that Sir Jim Ratcliffe could buy a 25% stake in the football club some time next week.
Barclays exploring acquisition of Tesco Bank - report
Barclays has reportedly been exploring a potential acquisition of Tesco's banking operations.
Reabold ups stake in LNEnergy by 0.8pc
Oil and gas investor Reabold Resources announced its intention to enhance its stake in LNEnergy by 0. 8% on Friday.
Future Metals acquires Australian exploration business
Mining company Future Metals has exercised its option to acquire 100% of Australia-focussed exploration firm Osprey Minerals.
Parkmead reports strong uplift in full-year revenue
Parkmead reported a 22% improvement in revenue in its preliminary results on Friday, to £14. 77m.
Volvo tanks on Geely stake sale
Volvo Cars tanked on Friday after majority shareholder Zhejiang Geely Holding Group began selling around 100m shares in the car maker in a placing.
Jersey Oil agrees acquisition of Western Isles vessel
Jersey Oil & Gas announced a significant development in its operations in the UK Continental Shelf region of the North Sea on Friday.
H&T Group secures £10m funding facility
Pawnbroker and jewellery and watch retailer H&T Group has secured additional funding to facilitate its business growth, it announced on Friday.
Indivior announces $100m share buyback
Pharma group Indivior has announced a $100m share buyback to reduce its issued shared capital and return cash to shareholders.
AFC Energy acquires mobile hydrogen assets from Octopus
AFC Energy announced an agreement to acquire certain mobile hydrogen storage and distribution assets in the UK on Friday from Octopus Hydrogen, part of the Octopus Energy Group.
Arecor gets milestone payment from Arestat partner
Arecor Therapeutics announced a significant milestone in its collaboration with a global pharmaceutical partner on Friday.
Time Out opens its seventh market in Cape Town
Time Out Group officially opened the Time Out Market in Cape Town on Friday, marking its seventh food and cultural market worldwide.
Intelligent Ultrasound reaches milestone in GE HealthCare partnership
Intelligent Ultrasound announced a significant milestone in its partnership with GE HealthCare on Friday.
FRP Advisory maintains expectations after strong first half
FRP Advisory Group reported strong first-half growth in revenue and profits in a trading update on Friday, along with continued investments in its team.
Marston's appoints Justin Platt as CEO as Andrea steps down
Marston's said on Friday that Andrew Andrea has agreed to step down as chief executive with immediate effect after more than 20 years at the pub group, and will be succeeded by Justin Platt on 10 January 2024.
Nationwide Building Society H1 profits boosted by rising interest rates
Financial institution Nationwide Building Society said on Friday that interim profits had been boosted by heightened interest rates.