Company News
Wednesday preview: Bitcoin, Sainsbury in the spotlight
The economic agenda will be sparse in the middle of the week.
Games Workshop interim profits rise; CFO to retire
Warhammer maker Games Workshop posted a sharp jump in half-year profits driven by the launch of new products and said chief financial officer Rachel Tongue was stepping down later this year.
Microlise acquires K-Safe assets for £0.14m
Fleet software specialist Microlise announced the acquisition of the assets of K-Safe - the parent company behind road safety products Flare and Flare Aware - on Tuesday.
Director dealings: Cellular Goods director snaps up shares
Cellular Goods revealed on Tuesday that executive director Michael Edwards had acquired 5. 5m ordinary shares in the London-listed wellness and sustainability solutions producer.
Boohoo considering closure of controversial Leicester factory
Fast fashion retailer Boohoo is considering closing its controversial Thurmaston Lane factory in Leicester and relocating its operations.
Grifols board to meet as shares tank on Gotham City debt claims
Shares in Grifols plunged by almost a third on Tuesday after Hedge fund Gotham City Research alleged the Spanish drug company's debt ratios were much higher than officially reported, wiping billions off its stock market value.
Sabien flags decent first-half growth
Sabien Technology said in an update on Tuesday that in its first half, its cloud-enabled gas boiler energy-saving solution, M2G, demonstrated significant improvements in its key performance indicators.
Elliott said to have built big stake in Match Group, shares surge
Match Group shares surged in pre-market trade on Tuesday following a Wall Street Journal report that Elliott Investment Management has taken a significant stake in the online dating company.
BioNTech flags weaker 2024 revenues
BioNTech forecast 2024 revenues would come in below analyst expectations on Tuesday, as demand for its Covid-19 vaccine continues to wane.
Kooth launches youth mental health platform in California
Digital mental wellbeing specialist Kooth announced the launch of its digital mental health platform and mobile app in California on Tuesday, under the name ‘Soluna’.
Golden Metal announces new Garfield bedrock discovery
Nevada-focussed mineral explorer Golden Metal Resources announced a new high-grade gold-silver-copper bedrock discovery within its wholly-owned Garfield project on Tuesday, in the Walker Lane Mineral Belt.
IQE appoints new vice president of government affairs
Semiconductor wafer company IQE announced the appointment of Rina Pal-Goetzen as its vice president of government affairs on Tuesday.
Jupiter net outflows higher than expected, Ben Whitmore to leave firm
Jupiter Fund Management experienced higher-than-expected net outflows in 2023, it said in an update on Tuesday, totalling £2. 2bn.
Samsung flags slump in fourth-quarter profits
Samsung Electronics warned on Tuesday that quarterly profits would miss expectations, on the back of weaker global demand for consumer electronics.
MaxCyte flags uptick in total fourth-quarter revenue
Cell engineering company MaxCyte said on Tuesday that total fourth-quarter revenue was expected to be between $15. 5m and $15. 7m.
Mattioli Woods reports positive first-half performance
Wealth and asset management firm Mattioli Woods reported positive first-half performance in an update on Tuesday, despite challenging market conditions.
Seeing Machines takes wraps off next-gen driver monitoring system
Driver monitoring technology specialist Seeing Machines unveiled Guardian Generation 3, the newest iteration of its aftermarket driver monitoring system (DMS), on Tuesday.
Market movements offset quarterly net outflows for Impax
Sustainability-focussed investor Impax said in an update on Tuesday that as of 31 December, its assets under management totalled £39. 1bn, reflecting a 4. 6% increase over the preceding three months.
Faron launches second phase of leukaemia treatment trial
Faron Pharmaceuticals has initiated phase two of the BEXMAB trial, it announced on Tuesday, marking a significant milestone in its cancer treatment development programme.
EU to look at Microsoft-OpenAI investment as part of market probe
The European Commission announced two calls for contributions on Tuesday, focusing on competition within virtual worlds and generative artificial intelligence (AI), particularly Microsoft’s investment in ChatGPT developer OpenAI.