Company News
Thursday preview: ECB, Tesla in the spotlight
The market spotlight on Thursday will be on the results European Central Bank's policy meeting in Frankfurt.
Xtract planning disposal of Manica Gold Project
Xtract Resources announced plans to dispose of the Manica Gold Project on Wednesday, reporting that it had entered into conditional agreements with its Mozambique partner MMP and related parties.
Tullow shares gush as Jubilee startup provides cash flow boost
Shares in Tullow Oil soared on Wednesday after the independent oil and gas explorer said the start-up of the Jubilee South East operation off Ghana helped to drive production and lifted 2023 cash flow ahead of expectations.
Hochschild surges as 2023 output hits top end of guidance
Hochschild Mining shares surged on Wednesday as the miner held annual guidance and 2023 production came in at the top of its target range, although full-year gold and silver output was lower than the prior year.
Yellow Cake value tops $2bn after strong fourth quarter
Uranium investor Yellow Cake reported a robust performance for the December quarter on Wednesday, as its value reached and surpassed the $2bn level.
Impellam confirms special cash dividend as part of its acquisition
Impellam Group confirmed a special cash dividend on Wednesday, as part of its recommended cash acquisition by Heather Global.
AB Dynamics reports record-breaking 2023 results
Transport testing, simulation and measurement specialist AB Dynamics reported record-breaking results for 2023 on Wednesday, with revenue reaching £100. 8m, representing a 21% increase.
EasyJet sees H1 losses narrowing despite £40m hit from MEast war
Budget airline easyJet said it had taken a £40m hit from the Middle-East conflict, but said it expected first-half losses to narrow and reported positive booking momentum for the summer.
DuPont sinks as Q1 outlook disappoints
DuPont shares sank in pre-market trade on Wednesday after the company’s outlook for the first quarter fell short of analysts’ expectations, as it pointed to destocking and weak demand in China.
Billionaire banker Jaime Gilinski Bacal joins Metro Bank's board
Metro Bank has appointed Colombian billionaire banker and real estate developer Jaime Gilinski Bacal to its board after his firm became a controlling shareholder in the bank last year.
Equals extends deadline again for talks with Madison Dearborn Partners
Equals Group updated the market on its ongoing strategic review on Wednesday, announcing an extension of the ‘put up or shut up’ (PUSU) deadline as part of its offer period.
Fonix hikes expectations after strong first half
Mobile payments and messaging technology company Fonix Mobile reported a strong financial and operational performance in a trading update on Wednesday, surpassing management's expectations for the first half.
Puma shares drop as FX movements hit Q4 sales
Shares in Puma dropped sharply on Wednesday after the German sports apparel group reported a drop in fourth-quarter sales which it put down to a weakening Argentinian peso.
Diversified Energy hits back after short seller attack
Diversified Energy hit back on Wednesday after activist investor Snowcap Research said the company may not have enough funds to cover the costs of plugging its inactive wells and that a dividend cut was imminent, sending its shares tumbling.
PayPoint on track after 'positive' quarter
PayPoint reiterated its full-year outlook on Wednesday, after the payments specialist reported a “positive” end to 2023.
Next15 says trading robust, approves new share purchases
Next Fifteen Group told investors that results for the financial year were seen coming in as expected.
Avon Protection gets $14.2m helmet order from US defence agency
Avon Protection confirmed a new delivery order on Wednesday, valued at $14. 2m, from the US Defense Logistics Agency.
Lords Group revenue rises, earnings slip in volatile market
Building materials distributor Lords Group said in a trading update on Wednesday that despite ongoing subdued trading conditions, it progressed its growth strategy in 2023.
Zoo Digital shares tank as Hollywood strikes delay projects
The share price of Zoo Digital plummeted on Wednesday after the AIM-listed media tech group delivered a profit warning as a result of delayed customer orders in the aftermath of the writers' and actors' strikes in Hollywood last year.
UK services sector picks up in January, Red Sea crisis dents manufacturing
Activity in the UK services sector picked up in January, but the Red Sea crisis hit manufacturing supply chains, according to a survey released on Wednesday.