Company News
Tuesday preview: UK employment and wages, U.S. CPI in focus
Investors' focus on Tuesday will be on the latest employment and wages figures in the UK.
Shein in talks with LSE about possible London listing - report
Chinese fast-fashion giant Shein has reportedly held talks with the London Stock Exchange about the possibility of staging a blockbuster public listing in the UK, even after filing documents paving the way for a flotation in New York.
Director dealings: PayPoint, Redcentric disclose director purchases
Two significant director purchases were disclosed to the market on Monday, shedding light on transactions involving key personnel in PayPoint and Redcentric.
Kore Potash acting finance chief steps down, ex-CFO returns
Kore Potash, the potash development company with 97% ownership of the Kola and DX projects in the Sintoukola Basin of the Republic of the Congo, announced a change in its leadership on Monday.
Norway's Schibsted to break in two, shares jump
Shares in Norway’s Schibsted soared on Monday, after the media group announced plans to split itself in two as part of a NOK6. 2bn (£450m) deal.
Dekel reports record month for palm oil operation
Dekel Agri-Vision reported an exceptional performance from its Ayenouan palm oil project in Côte d'Ivoire in November on Monday, setting new records for production and sales.
Quartix takes £2.5m impairment on disappointing Evolve performance
Quartix Technologies updated the market on its recent acquisition of Konetik Deutschland on Monday, which it first announced on 15 September.
Hipgnosis sells 20,000 songs at discount for $23.1m to raise cash
Troubled music rights investor Hipgnosis Songs Fund on Monday said it had sold around 20,000 songs for $23. 1m, a 14. 2% discount to valuation at the end of September in order to raise cash to pay down debt.
Reabold exercises second option to invest in LNEnergy
Oil and gas investor Reabold Resources has exercised its second option to acquire 116 new shares in LNEnergy, it announced on Monday, by investing £1. 65m.
Synectics hikes expectations for 2023 financial year
Security and surveillance systems specialist Synectics upgraded its expectations for the financial year just ended in a trading update on Monday.
Coral Products confident after decent first-half
Plastic product specialist Coral Products reported a 2. 27% fall in group sales in its first half on Monday, to £17. 2m.
BlackBerry appoints John Giamatteo as CEO
BlackBerry said on Monday that it has appointed industry veteran John J. Giamatteo as its new chief executive officer with immediate effect, as it announced plans to separate its IoT and cybersecurity businesses.
Capital Metals raises £0.63m to expedite Eastern Minerals Project
Capital Metals, a mineral sands company nearing the mine development stage at the high-grade Eastern Minerals Project in Sri Lanka, announced a successful placing to raise £0. 625m on Monday.
Elixirr acquires US-based Insigniam in $18.5m deal
Elixirr International announced its latest acquisition through its US subsidiary on Monday, taking over Insigniam LLC and Insigniam SAS, collectively known as Insigniam, for a maximum consideration of $18. 5m.
Occidental Petroleum to buy Permian producer CrownRock in $12bn deal
Occidental Petroleum said on Monday that it has agreed to buy CrownRock, a privately-held oil and gas producer that operates in the Permian basin, for around $12bn.
Faron unveils promising antibody study results
Faron Pharmaceuticals unveiled promising phase one data from its BEXMAB study in myeloid malignancies during the 65th American Society of Hematology (ASH) annual meeting, it announced on Monday.
ITM Power inks capacity deal with Shell Deutschland
ITM Power has finalised a capacity reservation agreement with Shell Deutschland, it announced on Monday.
Tesla trio take charge of DG Innovate, shares surge
Shares in DG Innovate rocketed on Monday, after former Tesla Motors executives took over the loss-making battery developer.
Penske Automotive to buy UK’s Rybrook Group
US-based Penske Automotive said on Monday that it has agreed to buy Rybrook Group, which consists of 15 premium dealerships in the UK, for an undisclosed sum.
Morgan Stanley upbeat for utilities in 2024
Morgan Stanley has reiterated its ‘overweight’ recommendations for SSE and Severn Trent, on expectations European utilities will outperform in 2024.