Company News
Oracle Power partner makes progress with Northern Zone exploration
Oracle Power updated the market on the progress of the farm-in agreement by Riversgold for the Northern Zone intrusive-hosted gold project, 25 kilometres east of Kalgoorlie in Western Australia, on Thursday.
Knights Group meets revenue forecasts in first half
Legal and professional services provider Knights Group reported a 6% increase in first-half revenue on Thursday, reaching £75. 3m, in line with its expectations.
Windward tops full-year expectations in 2023
Maritime artificial intelligence (AI) company Windward said in a trading update on Thursday that its strong performance throughout 2023 exceeded market expectations.
CyanConnode gets order for one million modules
Narrowband radio frequency networking company CyanConnode announced a significant order from Montecarlo on Thursday, through its subsidiary in India.
Strong second half drives Mpac's full-year performance
Packaging and automation specialist Mpac Group reported a solid full-year performance in a trading update on Thursday, flagging an underlying profit before tax in line with market expectations.
Director dealings: EKF Diagnostics director raises stake
EKF Diagnostics revealed on Thursday that non-executive director Christopher Mills had acquired 100,000 shares in the AIM-listed global diagnostics business.
Amazon fails to offer remedies to EU concerns over iRobot acquisition
Shares in iRobot plunged overnight on Wednesday, after Amazon failed to provide solutions to address concerns raised by EU competition regulators regarding its $1. 4bn acquisition of the US domestic robotics giant.
Hutchmed application for thrombocytopenia treatment accepted in China
Hutchmed China announced on Thursday that the new drug application (NDA) for sovleplenib, an oral inhibitor targeting spleen tyrosine kinase (Syk), had been accepted for review and granted priority review by China’s National Medical Products Administration (NMPA).
GlobalData sustains growth through second half
Data, analytics, and insights platform GlobalData said in a full-year update on Thursday that after its interim results at the end of July, it sustained robust profitable growth during the second half.
US consumer price inflation rises more than expected in December
US consumer price inflation rose more than expected in December, according to figures released on Thursday by the Labor Department.
Central Asia Metals meets fourth-quarter production guidance
Central Asia Metals updated the market on fourth-quarter performance at the Kounrad dump leach, solvent extraction and electro-winning (SX-EW) copper recovery plant in Kazakhstan on Thursday, as well as the Sasa zinc-lead mine in North Macedonia.
Nisbets founder in talks with Bunzl about potential sale
The founder of Nisbets, a privately-owned catering equipment company, is reportedly in talks about a potential sale to Bunzl that would value the firm at between £450m and £500m.
Whitbread holds guidance as Premier Inn sales rise in Q3
Pubs and Premier Inn owner Whitbread maintained full-year guidance after a strong rise in accommodation sales during the third quarter, with momentum continuing into the final three months of the financial year.
Google to axe hundreds of jobs
Google is laying off hundreds of workers across divisions as it continues to cut costs globally, it was reported on Thursday.
UK FCA starts probe into potential motor finance loan misconduct
UK regulators have paused claims against the motor finance industry over high-cost loans amid concerns they are being wrongly rejected.
Tesco shares fall despite profit guidance upgrade
Shares in Tesco declined on Thursday despite the supermarket giant raising its profit guidance following a strong Christmas trading period, as the retailer faced fresh allegations of profiteering in the midst of a cost-of-living crisis.
Boohoo mislabelled garments as Made in UK - BBC
Fast fashion retailer Boohoo has been accused of claiming clothes were made in the UK when they were actually made overseas, it was reported on Thursday.
XP Power upbeat after better-than-expected final quarter
XP Power reported a fourth-quarter order intake of £49. 1m in an update on Thursday, marking a 29% decrease, while revenue stood at £81. 2m, down 7% year-on-year.
Mears Group upgrades expectations after strong 2023
Mears Group said in a full-year trading update on Thursday that through the second half of 2023, it maintained its strong financial performance, surpassing market expectations.
Trustpilot ups FY profit guidance, launches £20m share buyback
Reviews website operator Trustpilot launched an approximately £20. 0m share buyback programme on Thursday as it said full-year profits looked set to beat consensus estimates.