Company News
Wednesday preview: Autumn Statement, Kingfisher in focus
Investors' focus on Wednesday will be on the Chancellor's Autumn statement, with the most recent economic data showing that he had approximately £90bn of leeway to tweak fiscal policy.
Gelion enters battery development deal with Ionblox
Battery technology specialist Gelion has entered into a joint development agreement (JDA) with Ionblox, a California-based next-generation battery technology company, it announced on Tuesday.
Merck to buy Caraway Therapeutics for up to $610m
Merck said on Tuesday that it has agreed to buy preclinical biopharmaceutical group Caraway Therapeutics for up to $610m.
TruFin subsidiary Playstack considering sale of Interact
TruFin announced on Tuesday that its UK game publishing subsidiary Playstack had entered into a letter of intent with VCI Global Limited to sell its augmented reality and gamification ad technology platform, Interact.
Kohl's comparable sales continue decline in third quarter
Kohl’s reported a 5. 2% decrease in net sales in its third quarter on Tuesday, amounting to $3. 8bn, with the retailer’s comparable sales decline continuing, down 5. 5%.
Dick's Sporting Goods lifts FY outlook, shares jump
Dick’s Sporting Goods lifted its full-year outlook on Tuesday following a "strong" third quarter.
Lowe's flags bigger sales decline than previously expected
Shares in US home improvement retailer Lowe’s were in the red in premarket trading on Tuesday after it forecasted a more significant sales decline than previously expected despite a substantial rise in earnings.
MyCelX receives $5.4m purchase order for Regen contract
Water and air technology developer MyCelX confirmed receiving a purchase order for the Regen contract on Tuesday, as announced on 16 November, valued at $5. 4m.
Knights Group ends first half in line with expectations
Legal and professional services provider Knights Group said in a trading update on Tuesday that its performance for the first half was in line with the board’s expectations.
Empresaria shares tumble as it reports tough trading conditions
Shares in specialist staffing group Empresaria were tumbling on Tuesday after it updated the market on its trading in the face of challenging market conditions.
Trident acquires royalty over Arizona copper project
Trident Royalties has successfully acquired a 0. 9% net smelter return royalty over a copper project in Arizona, it announced on Tuesday.
Serabi Gold reports expanded reserve estimates at Palito
Brazil-focussed miner and developer Serabi Gold released updated mineral reserve estimates for its Palito Complex on Tuesday, including the Palito deposit and Sao Chico satellite deposit.
Accsys revenue rises, but profit margins narrow
Wood products specialist Accsys Technologies reported a 21% increase in first-half revenue on Tuesday to €71. 2m.
Coca-Cola HBC to return up to €400m to shareholders, shares jump
Coca-Cola HBC shot to the top of the FTSE 100 on Tuesday after announcing the launch of a share buyback programme that will see it return up to €400m to shareholders.
Royal Mail strikes new partnership with TikTok
Logistics firm Royal Mail has inked a new partnership with social media giant TikTok to help merchants of all sizes improve their delivery experience.
Serica Energy announces chief financial officer change
Serica Energy announced a change in its leadership team on Tuesday, with chief financial officer Andy Bell set to step down from his current role in the new year.
UK Supreme Court rejects classification of Deliveroo riders as 'workers'
The United Kingdom's Supreme Court has unanimously rejected an appeal to class riders for online food delivery giant Deliveroo as "workers", drawing to a close a seven-year legal battle between the firm and the Independent Workers' Union of Great Britain.
Videndum raises £125m via placing and open offer
Software firm Videndum has raised £125. 0m via the placing and open offer of 46. 9m shares at 267. 0p each.
Phoenix Life pours cold water on UKCM-Picton merger
A potential merger between UK Commercial Property REIT (UKCM) and sector peer Picton was on the rocks on Tuesday after being denied by UKCM’s majority shareholder, Phoenix Life.
IAG reiterates commitment to resuming dividends
British Airways owner IAG on Tuesday set out its medium-term targets and pledged its commitment to resume paying dividends once its balance sheet and investment plans are "secure".