Company News
Tuesday preview: BoJ, ABF in the spotlight
Tuesday's market spotlight will be on the Bank of Japan.
Director dealings: Fullers non-exec's trust buys shares, Hollywood Bowl chair sells
In director dealings disclosed on Monday, Fuller, Smith & Turner reported a purchase linked to a non-executive director, and Hollywood Bowl updated the market on sales made by its chairman.
Bodycote to start $60m share buyback programme in March
Thermal processing specialist Bodycote said it would start a $60m share buyback programme after spending less than planned on acquisitions.
Thames Water reshuffling debt load - report
Troubled utility Thames Water is reportedly reshuffling its debt load in an attempt to give it more time to stabilise its finances.
Eden Research revenue set to beat market expectations
Biopesticide specialist Eden Research said in a trading update on Monday that it expected a 72% increase in full-year revenue for 2023, to £3. 1m, surpassing market expectations by £0. 3m.
US expansion driving growth for Kooth
Digital mental health service provider Kooth said in a trading update on Monday that it anticipated its 2023 revenue to reach £33. 3m, representing year-on-year growth of around 65%.
Reorganised Maintel flags improved full-year revenue, earnings
Cloud, network, and security managed communications provider Maintel said in a full-year update on Monday that its strategic efforts and business reorganisation had yielded positive results, positioning it for growth in the coming year.
Getech sells vacant part of head office for £0.65m
Geotechnical specialist Getech announced the partial sale of its head office on Monday, after consolidating its operations during the Covid-19 pandemic.
Sunoco to buy NuStar Energy in $7.3bn deal
US gas station owner Sunoco said on Monday that it has agreed to buy independent liquids terminal and pipeline operator NuStar Energy in a $7. 3bn all-share deal.
Pan African reports increased first-half gold production
Pan African released a production update for the first half of its financial year on Monday, reporting an improved safety performance, increased gold production, and progress on the Mogale Tailings Retreatment (MTR) Project.
ADM suspends finance chief, lowers earnings outlook
American agricultural trader Archer-Daniels-Midland (ADM) put its chief financial officer Vikram Luthar on administrative leave overnight, lowering its earnings outlook as it investigated its accounting practices.
Credit Agricole takes 7% stake in payments firm Worldline
Credit Agricole said on Monday that it has bought a stake of around 7% in French payments group and joint venture partner Worldline.
Vast inks PGM marketing deal with Swiss investment firm
Mining company Vast Resources announced a three-year marketing agreement with a Swiss investment firm on Monday, for the exclusive distribution of high-grade platinum group metal (PGM) concentrates produced within the EU.
Endeavour Mining meets output targets, but costs rise more than expected
Endeavour Mining achieved production guidance in 2023 but costs were higher than expected, as it pointed to further shareholder returns in the near future.
Brickability acquires Topek Southern in £48m deal
Brickability Group announced the completed acquisition of Topek Southern (TSL) up to £48m on Monday.
Begbies Traynor warns of worsening debt crisis for UK businesses
Business recovery specialist Begbies Traynor warned in its latest ‘Red Flag Alert’ on Monday, that UK businesses were grappling with a significant rise in critical financial distress, surging by 25. 9% in the fourth quarter of 2023 compared to the prior quarter.
FDJ makes €2.6bn offer for Kindred Group
French gambling company La Francaise des Jeux on Monday launched a €2. 6bn takeover bid for Sweden's Kindred Group.
Benchmark Holdings puts itself up for sale, shares jump
Shares in Benchmark Holdings jumped on Monday after the UK-listed aquaculture services group kickstarted a formal sales process .
Caterer Compass Group to buy buy rival CH&CO in £475m deal
Caterer Compass Group confirmed on Monday that it has agreed to buy rival CH&CO in a £475m deal.
Trifast warns on full-year results, shares tank
Trifast tanked on Monday as it warned that full-year results would be "significantly" below its previous expectations, pointing to low visibility and volatile demand.