Company News
Director dealings: Chemring CEO makes share sale
Chemring revealed on Tuesday that chief executive Michael Ord had disposed of 192,412 ordinary shares in the FTSE 250-listed defence firm.
Superdry enlists PwC to review debt options - report
Superdry shares tumbled on Tuesday following a report the fashion retailer has enlisted one of the big four accountancy firms to advise on its finances in the wake of a pre-Christmas profit warning.
Diageo settles legal dispute with Sean Combs
Diageo said on Tuesday that it has agreed to resolve all disputes with Sean Combs, after the rapper accused the drinks company of racism and of neglecting their business agreements regarding the Ciroc Vodka and DeLeon Tequila brands.
JPMorgan Securities to pay $18m over anti-whistleblower practices
JP Morgan Chase subsidiary, JPMorgan Securities agreed to pay an $18m penalty, it emerged on Tuesday, in response to allegations of violating whistleblower protection regulations by the US Securities and Exchange Commission (SEC).
Bradda Head reports positive results from San Domingo drilling
Bradda Head Lithium unveiled the final results from its core drilling operations at the San Domingo Central target area in Arizona on Tuesday.
Morgan Stanley posts slide in fourth-quarter profits
Morgan Stanley reported a slide in fourth-quarter income on Tuesday, as costs in its core wealth management division jumped.
Eqtec's Italian plant gets EUR 2.9m loan approved
Waste-to-fuel specialist Eqtec announced approval from Banca del Fucino, a historic private banking group based in Rome, to draw down a €2. 9m loan facility on Tuesday.
DP Poland flags record year after fourth-quarter surge
Eastern Europe-focussed pizza takeaway operator DP Poland reported a record-breaking year in a trading update on Tuesday, with the fourth quarter of 2023 being the strongest in its history.
Synopsys to buy Ansys in $35bn deal
Chip design software maker Synopsys said on Tuesday that it has agreed to buy Ansys in a $35bn cash and share deal.
N4 Pharma subsidiary agrees work programme for glaucoma treatment
N4 Pharma announced a significant development through its subsidiary Nanogenics on Tuesday, after Nanogenics inked a contract to initiate the formulation and sequence selection work for its ECP105 product, aimed at pre-clinical studies at King's College, London.
Ocado forecasts return to FY positive core earnings as sales rise
Online grocer Ocado Retail has forecast a return to positive earnings for 2022/23 year as the fourth-quarter revenues rose by almost 11%.
Block Energy takes wraps off large carbon capture opportunity
Georgia-focussed developer and producer Block Energy unveiled a significant carbon capture and storage (CCS) opportunity within Block XIB on Tuesday.
Equals Group ends year in line with market expectations
Fintech payments specialist Equals Group said in a trading update on Tuesday that its unaudited figures for 2023 showed full-year revenue of £95. 5m, representing a substantial 37% increase compared to the prior financial year.
Gamma Communications ends year in strong position
Unified communications-as-a-service (UCaaS) provider Gamma Communications said in an update on Tuesday that it expected to report robust year-on-year growth in both adjusted EBITDA and adjusted earnings per share for 2023, in line with the increased market consensus following its 2023 interim results in September.
Panmure Gordon and Liberum to join forces
City brokers Panmure Gordon and Liberum are to merge, it was announced on Tuesday.
Petra Diamonds on track, sees signs of price stabilisation
South Africa and Tanzania-focused diamond miner Petra said it remains on track to hit its full-year production guidance and reported "encouraging" signs of a recovery in prices after a tough year for the industry.
Hugo Boss shares slump as Q4 earnings miss forecasts
Shares in Hugo Boss plunged on Tuesday as the German fashion brand’s fourth-quarter earnings missed expectations, despite a sharp rise in sales.
Johnson Service Group delivers 'strong' FY performance
Textile services provider Johnson Service Group said on Tuesday that it had delivered a "strong performance" in 2023 and that it was confident in the outlook for the year ahead.
Shell to sell Nigerian business for up to $2.4bn
Shell said on Tuesday that it has agreed to sell its Nigerian onshore subsidiary, SPDC, to local consortium Renaissance for up to $2. 4bn.
Wise lifts full-year guidance on strong quarter
Wise lifted its full-year guidance on Tuesday, boosted by a jump in active customers during the third quarter.