Company News
Director dealings: Bluejay Mining's Roderick McIllree raises stake
Bluejay Mining revealed on Friday that non-executive director Roderick McIllree had acquired 10. 0m ordinary shares in the AIM-listed exploration and production company.
US consumer sentiment improves in December
US consumer sentiment improved more than initially estimated in December, according to a survey released on Friday.
Rail fares to rise by 4.9pc in March
Rail fare increases are set to rise by 4. 9% from early next year, after the Department for Transport announced another cap on ticket price rises.
Unilever to buy haircare brand K18
Unilever said on Friday that it has agreed to buy premium biotech haircare brand K18 for an undisclosed sum.
Bristol Myers Squibb to buy Karuna Therapeutics for $14bn
Biopharmaceuticals giant Bristol Myers Squibb has announced it is spending $14bn to purchase Karuna Therapeutics, which develops treatments for people living with psychiatric and neurological conditions.
Ferro-Alloy Resources warns on profits amid decreased demand
Vanadium producer and developer Ferro-Alloy Resources warned on Friday that fourth-quarter revenues and profitability had come in lower than expected due to metal prices and production shortfalls.
Bidstack settles legal dispute with Azerion, agrees to new commercial partnership
Software firm Bidstack shares surged on Friday after settling its legal dispute with partner Azerion and agreeing to a new commercial partnership.
EnQuest sells Bressay share to RockRose
EnQuest announced an agreement with RockRose UKCS 10 Ltd, a subsidiary of Viaro Energy, over the sale of a 15% working interest in both the Bressay field and the EnQuest Producer floating production, storage, and offloading (FPSO) vessel on Friday.
Revolut releases delayed 2022 results, says audit issues resolved
Fintech Revolut has finally released its annual results for 2022 after auditors BDO said they had "resolved" concerns about the historic misstating of revenues.
IP Group commits £11.8m to portfolio company's funding round
IP Group announced its participation in a follow-on funding round for an unnamed portfolio company on Friday, expecting to realise a net fair value gain of £40m, or 4p per share.
UK third-quarter GDP revised down to show 0.1% contraction
The UK economy shrank in the third quarter, according to figures released on Friday by the Office for National Statistics, raising the risk of recession.
AstraZeneca gets FDA green light for nerve disease treatment
The US Food and Drug Administration has approved the Wainua nerve disease treatment jointly developed by AstraZeneca and Ionis Pharmaceuticals.
Canada govt approves $13bn sale of HSBC local unit to RBC
The Canadian government has approved the $13. 5bn takeover of HSBC Canada by RBC, allowing the sale to proceed despite calls for it to be blocked over fears of reduced competition in the sector.