Company News
Shop price inflation slows further in January
Shop price inflation saw a notable slowdown at the start of the year, according to fresh data released on Tuesday, as price growth reached its lowest level since May 2022.
Tuesday preview: UK consumer credit, US JOLTS report in focus
The market spotlight on Tuesday will be on U. K. consumer credit and money supply growth data covering the month of December.
European Metals extends all four Cinovec licences
European Metals Holdings announced the extension of all four Cinovec exploration licences on Monday, until 31 December 2026.
Paddy Power owner Flutter planning to move primary listing to US
Paddy Power owner Flutter Entertainment said on Monday that it plans to move its primary listing to the US, as it began trading on the New York Stock Exchange.
Inchcape considering sale of UK retail business
Inchcape confirmed on Monday that it is reviewing strategic options for its UK retail business, which could potentially include a sale, following approaches from a number of interested parties.
Falcon Oil starts production testing at Shenandoah South 1H
Falcon Oil announced the start of the 30-day initial production (IP30) testing at the Shenandoah South 1H (SS1H) well in EP117 on Monday.
Serabi reports improved full-year gold production
Serabi Gold said in an update on Monday that in the fourth quarter of 2023, it achieved gold production of 7,891 ounces, and for the entire year, it recorded gold production of 33,153 ounces, marking a 4. 2% year-on-year improvement.
Big Technologies vows robust defence to Buddi acquisition allegations
Big Technologies responded to fresh press speculation on Monday, as it grappled with a legal battle in response to claims made by former shareholders of Buddi.
Amazon, iRobot abandon merger due to EU opposition
Amazon and Roomba maker iRobot have agreed to terminate their planned merger amid opposition from EU regulators.
Loungers opens 250th site in Rochdale
Hospitality operator Loungers announced the opening of its 250th site on Monday, with the Pionero Lounge in Rochdale being described as a milestone as it continued its expansion across the UK.
Ryanair cuts full-year profit forecast
Ryanair cut its full-year profit forecast on Monday as it posted a 93% decline in third-quarter net profit, as higher fuel costs offset revenue gains and after its flights were removed from online travel agents.
Team Internet flags record-breaking gross revenue
Team Internet Group said in a trading update on Monday that it anticipated reporting record-breaking gross revenue of $835m for 2023, making for a 15% increase compared to the prior year.
Accesso Technology describes year of solid growth
Accesso Technology Group said in a trading update on Monday that, despite making significant investments in next-generation products, it anticipated achieving cash EBITDA in line with expectations for the full-year, with a margin of no less than 15%.
Cohort subsidiary wins £15.1m contract in Canada
Cohort announced on Monday that its SEA subsidiary has secured a significant £15. 1m contract for the production of its lightweight Torpedo Launch Systems (TLS), as part of a major naval vessel program.
Conroy Gold releases scout drilling assay results
Conroy Gold released assay results from scout drill holes conducted on four gold targets in its exploration areas on Monday.
Alliance Pharma expects no profit growth in 2024
Consumer healthcare group Alliance Pharma has said that 2023 results will be in line with market expectations but said that profits are unlikely to grow this year due to increased investment in sales and marketing.
Safestay FY trading ‘comfortably in line’ with market expectations
Safestay said on Monday that full-year trading was set to be "comfortably in line" with market expectations.
Conduit Holdings' 2023 income to beat forecasts
Bermuda-based reinsurer Conduit Holdings Limited (CHL) has revealed that 2023 income will be ahead of market estimates due to a positive revaluation of investments.
Chill Brands, Supreme shares slide on disposable vape ban announcement
The UK government announced a ban on disposable vapes overnight on Monday, as part of its efforts to combat the increasing trend of youth vaping and ensure children's wellbeing, sending shares in Chill Brands and Supreme southwards.
Superdry working with advisers on cost-saving options
Superdry said on Monday that it is working with advisers on cost-saving options.