Company News
Director dealings: Diploma CFO makes share purchase
Diploma revealed on Monday that chief financial officer Chris Davies had acquired 3,824 ordinary shares on the FTSE 100-listed technical products and services business.
South Korean retailer Coupang takes control of Farfetch
South Korean ecommerce group Coupang is to take over struggling online luxury retailer Farfetch for an undisclosed sum.
LondonMetric in talks to buy LXi REIT
LondonMetric and LXi REIT confirmed on Monday that they are in talks about a possible all-share merger to create a real estate company worth £3. 9bn.
CAP-XX patents found invalid in litigation with Tesla subsidiary
Supercapacitor and energy management system specialist CAP-XX updated the market on its ongoing patent infringement case against Maxwell Technologies, now a subsidiary of Tesla, on Monday.
Alteryx to be taken private by Clearlake, Insight Partners in $4.4bn deal
US software firm Alteryx said on Monday that it has agreed to be taken over by private equity firms Clearlake Capital and Insight Partners in a $4. 4bn deal.
Unilever to carve out several slower-performing brands
Several slower-performing Unilever brands were set to be carved out, it was announced on Monday, after consumer brands private equity specialist Yellow Wood Partners announced a binding offer for Elida Beauty.
Adobe, Figma abandon $20bn merger amid opposition from regulators
Adobe and Figma said on Monday that they have mutually agreed to end their planned merger amid opposition from UK and EU regulators.
BP becomes latest to pause Red Sea shipments as attacks continue
BP has announced that it is halting all oil shipments through the Red Sea, becoming the latest company to pause regional routes after a series of targeted attacks by Yemen's Houthi rebels.
Baron enters farm-up deal with Timor-Leste national oil firm
Baron Oil announced a proposed farm-up agreement on Monday, under which it would assign a 15% working interest in the TL-SO-19-16 production sharing contract at Chuditch, offshore Timor-Leste, to a subsidiary of the Timor-Leste National Oil and Gas Company TIMOR GAP.
Tower Resources signs rig contract, announces fundraising
Africa-focussed oil and gas company Tower Resources announced a contract with Borr Drilling on Monday to secure the Norve jack-up rig for drilling operations on the Thali licence in Cameroon.
RUA Life Sciences revenue, profits fall in first half
Biostable polymer medical device specialist RUA Life Sciences reported a gross profit of £0. 62m in its first half on Monday, with a margin of 77%, representing a decrease from £0. 88m and 79% year-on-year.
Molecular Energies reports successful Dual Fuel hydrogen trials
Molecular Energies announced a significant milestone through its subsidiary Dual Fuel (DFL) on Monday, part of its 75%-owned alternative energy development division Green House Capital Group.
Thor outlines deal between investee ECL and Andromeda Metals
Thor Energy announced a significant development on Monday involving signing an agreement between EnviroCopper (ECL) and Andromeda Metals (Andromeda).
IP Group launches £20m share buyback, shares jump
IP Group surged on Monday as it announced the launch of a share buyback of up to £20m.
IBM pays Software AG over €2bn for enterprise tech platforms
US software giant IBM announced on Monday it is spending €2. 13bn to buy two enterprise technology platforms from Software AG.
China’s Nio gets further $2.2bn investment from Abu Dhabi’s CYVN
Chinese electric car maker Nio said on Monday that Abu Dhabi-backed fund CYVN Holdings will invest a further $2. 2bn in the loss-making company.
Deltic Energy makes progress at Pensacola, Selene
Southern North Sea natural resources investor Deltic Energy updated the market on its Pensacola and Selene projects on Monday.
Chariot ups stake in Etana Energy to 49pc
Chariot announced an increase in its stake in the South African electricity trading company Etana Energy on Monday in collaboration with H1 Holdings.
Eden Research bird repellant gets temporary approval in Italy
Eden Research and Corteva Agriscience announced the temporary approval of Ecovelex 2023 in Italy on Monday for use as a bird-repellent seed treatment in corn during the 2024 growing season.
Vodafone confirms talks with several parties over Italian business
Vodafone confirmed on Monday that it is in talks with several parties about the potential merger or disposal of its Italian unit, after France’s Iliad said it had submitted a proposal to merge their two Italian businesses.