Company News
Auction Technology shares soar as revenues rise 11%
Shares in Auction Technology Group soared by a fifth as the art and antique online marketplace operator said it expected annual results to be in line with expectations after an 11% increase in revenue for the first three months of the year.
Wednesday preview: Fed decision, China factory PMI in focus
Investors' focus on Wednesday would be squarely on the U. S. central bank's most recent policy decision.
Director dealings: Ceres Power, Pharos Energy insiders buy shares
In market disclosures made on Tuesday, directors at Ceres Power and Pharos Energy engaged in transactions related to their respective companies.
Lexington Gold reports drilling progress at Bothaville
Lexington Gold updated the market on its 2023-2024 drilling programme at the Bothaville Project in South Africa’s Witwatersrand Gold Basin on Tuesday.
Morrisons to sell 337 petrol forecourts to MFG for £2.5bn
Morrisons said on Tuesday that it has agreed to sell 337 petrol forecourts to Motor Fuel Group for £2. 5bn.
Carnival earnings hit by Red Sea attacks, but says bookings strong
Carnival's annual earnings will take a hit as the cruise line giant is forced to re-route ships that were due to transit the Red Sea up to May this year, the company said on Tuesday, but said strong bookings would offset the impact over the year.
Hutchmed's 'Elunate' approved under new Hong Kong rules
Hutchmed China announced the approval of its drug ‘Elunate’, or fruquintinib, by the Pharmacy and Poisons Board of Hong Kong on Tuesday, for the treatment of adult patients with previously treated metastatic colorectal cancer (CRC).
Eurozone Q4 GDP comes in flat, avoids technical recession
The eurozone and European Union managed to avoid a technical recession after official flash estimates showed the economy flatlined in the last three months of 2023.
Hapag-Lloyd shares slump as Red Sea attacks hit Q4 profits
Shares in Hapag-Lloyd fell sharply on Tuesday as the shipping giant reported a 92% fall in fourth-quarter earnings as it felt the impact of attacks on commercial vessels by Iran-backed Houthi militants in the Red Sea.
Saga says annual profit set to more than double
Saga said on Tuesday that it expects full-year underlying pre-tax profit to more than double on the previous year as it hailed an "outstanding" year for the cruise and travel businesses.
Pfizer posts better-than-expected Q4 results
Pharmaceutical giant Pfizer reported better-than-expected quarterly earnings on Tuesday, driven by its cost-cutting programme aimed at an eventual return to profitability.
IMI appoints Jamie Pike as next chair
IMI said on Tuesday that Jamie Pike will be appointed as chair with effect from 1 January 2025, with current chair Lord Smith of Kelvin due to step down at the end of this year.
GB Group trading as expected as new CEO takes reins
Digital location and identity software specialist GB Group announced on Tuesday that Dev Dhiman had now started as its new chief executive officer, following a successful transition period.
Renew Holdings confident in year-end order book
Infrastructure engineering service provider Renew Holdings said in an update on Tuesday that in the first quarter of its new financial year, it maintained the positive trading momentum seen in 2023, aligning with the board's expectations.
General Motors tops forecasts despite slower EV market
General Motors beat market forecasts with its latest figures on Tuesday, as it reported revenue of $43bn in its fourth quarter, with net income attributable to stockholders of $2. 1bn and adjusted EBIT of $1. 8bn.
Fintel upbeat after year filled with acquisitions
Financial technology and support service specialist Fintel described a resilient full-year performance in a trading update on Tuesday, with results expected to meet its expectations.
Northcoders ends 2023 in line with revised expectations
Technology training firm Northcoders said in a trading update on Tuesday that its performance in 2023 aligned with revised market forecasts.
Uniphar ends year in line with expectations
Pharmaceutical and medical technology service company Uniphar said in an update on Tuesday that its performance in 2023 met its own expectations in terms of gross profit and EBITDA, while also achieving normalised free cash flow conversion in line with medium-term guidance.
Synthomer misses 2023 forecasts but cuts debt more than expected
Synthomer, the specialised chemical products group, has confirmed that both revenues and profits fell in 2023 but strong cash generation meant that net debt was lower than expected.
Renewi lowers expectations after challenging third quarter
Waste-to-product company Renewi lowered its full-year expectations in an update on Tuesday, after its performance in the third quarter reflected persisting challenges in some key markets, partly offset by progress in its margin improvement initiatives.