Company News
Wednesday preview: PBoC rate decision to steal focus on data-heavy day
With little in the way of corporate updates or results due on Wednesday, the focus will be firmly on economic data – and there will be a lot of it, from the UK and overseas.
Director dealings: Frontier, NewRiver disclose director purchases
NewRiver REIT and Frontier Developments were on the list of director deals on Tuesday after they both disclosed director purchases.
Diversified Energy tanks as US lawmakers question well management practices
Diversified Energy tanked on Tuesday after four members of US Congress wrote to the company requesting more information on its policies and practices related to well management, well clean-ups and methane emissions.
Engage XR warns of contract delays
Virtual reality (VR) and metaverse technology company Engage XR warned of some contract delays in a trading update on Tuesday.
Revenue, earnings jump at Tavistock Investments
Financial advisory firm Tavistock Investments reported a 19% jump in revenue in its first half on Tuesday, to £20. 6m, up from £17. 3m in the first half of the 2022 financial year.
Netcall reports sustained positive trading momentum
Automation and customer engagement specialist Netcall said in an update on Tuesday that it saw sustained positive trading momentum in its first half, aligning with management expectations.
Empire Metals releases first results from Pitfield drilling programme
Empire Metals released analytical lab results from the initial five of 40 reverse circulation (RC) drill holes at the Pitfield Project in Western Australia on Tuesday.
Karelian posts positive findings in hunt for Green Diamond source
Karelian Diamond Resources said in an update on Tuesday that positive findings from basal till samples collected up-ice from the green diamond discovery site had brought it closer to identifying the source of the Kuhmo Green Diamond, previously unveiled on 31 January 2017.
EasyJet's $20bn Airbus order gets green light from shareholders
EasyJet's shareholders have voted overwhelmingly in favour of the company's planned purchase of 157 A320neo family aircraft from manufacturing giant Airbus.
US housing starts surge unexpectedly in November
US housing starts were higher than expected in November as mortgage rates began to soften, according to the Commerce Department.
Serabi Gold upbeat on latest exploration at Matilda
Brazil-focussed miner and developer Serabi Gold updated the market on exploration at the Matilda Copper Prospect in the Tapajos region of Para State on Tuesday.
Lufthansa spends $9bn on 80 planes from Boeing and Airbus
Shares in Boeing and Airbus were were flying higher on Tuesday after airline group Deutsche Lufthansa ordered 40 planes each from the manufacturers in a deal worth a combined $9bn.
FCA to take no action after Odey probe - reports
The Financial Conduct Authority (FCA) has wrapped up its investigation into Odey Asset Management (OAM), reportedly deciding not to pursue any further action, it emerged on Tuesday.
Hipgnosis delays interim results on valuation concerns
Music rights investor Hipgnosis Songs Fund has delayed publication of its interim results - which were due on Tuesday - as the board expressed concerns about the value of the company's assets following two sales at steep discounts.
Pantheon losses narrow in full-year results
Pantheon Resources reported a loss from continuing operations of $1. 5m after tax in its final results on Tuesday - a significant improvement from its $13. 9m loss year-on-year.
UK manufacturing output stabilises in December - CBI
Output in the UK manufacturing sector stabilised in December, but orders remained subdued, according to a survey released on Tuesday.
Filtronic secures £4.5m contract with 'major UK Defence prime'
Radiofrequency communications products group Filtronic has secured a new contract win for the development and manufacture of advanced RF electronic modules for a "major UK Defence prime".
DP Eurasia turns nose up at new £140m takeover offer, lifts profit guidance
Shares in DP Eurasia, the UK-listed franchisee of Domino's Pizza stores in Turkey, Azerbaijan and Georgia, shot up on Tuesday after the board recommended against an increased takeover offer by majority shareholder Jubilant Foodworks Netherlands.
FRC closes probe into PwC’s audit of Intu Properties
The Financial Reporting Council said on Tuesday that it was closing its investigation into the PwC audit of collapsed shopping centre owner Intu Properties.
Avacta appoints new chief business officer
Oncology drugs and diagnostics specialist Avacta Group announced the appointment of Dr Simon Bennett as the chief business officer of its therapeutics division on Tuesday.