Company News
Wednesday preview: Fedspeak, UK house prices in focus
The market spotlight in the middle of the week will be on speeches from three top Federal Reserve officials.
Union Jack agrees farm-in deal on Oklahoma well
Union Jack Oil announced a farm-in agreement with Reach Oil & Gas Company on Tuesday, granting it a 45% working interest in the upcoming Andrews-1 well, scheduled for drilling in the second quarter.
Director dealings: Intercede director PCA raises stake
Intercede Group non-executive director Tina Whitley's husband, Colin Aldridge, acquired 20,718 ordinary shares in the AIM-listed cybersecurity software firm.
Power Metal reports significant findings from Tati soil sampling
Power Metal Resources updated the market on its wholly-owned Tati Gold Project on the Tati Greenstone Belt near Francistown, Botswana on Tuesday.
Aston Martin said to be searching for fourth CEO in as many years
Aston Martin Lagonda is reportedly reaching out to candidates to succeed Amedeo Felisa as chief executive officer and become the UK carmaker’s fourth CEO in as many years.
Biome Technologies full-year revenue meets expectations
Bioplastics and radiofrequency company Biome Technologies said in an update on Tuesday that it recorded total revenue of £7m for 2023, meeting market expectations and marking a 13% increase over the prior year's outturn of £6. 2m.
DuPont beats expectations on fourth-quarter adjusted earnings
Shares in American chemicals giant DuPont were bouncing in premarket trading on Tuesday, after the parent company of brands including Kevlar, Tyvek and Styrofoam beat market expectations on profits and raised its dividend.
Empire Metals appoints BHP veteran as process development manager
Empire Metals announced the appointment of Narelle Marriott as its process development manager on Tuesday, effective from 11 March.
Mattioli Woods reports rise in revenue, earnings
Wealth and asset manager Mattioli Woods reported an 8% increase in first-half revenue on Tuesday, reaching £59. 1m.
PCI-PAL ends first half as expected
Business communications and cloud payment specialist PCI-PAL said in an update on Tuesday that revenue in its first half met management expectations, increasing 20% year-on-year to £8. 7m.
Novacyt confirms end of Yourgene Taiwan disposal discussions
Novacyt announced on Tuesday that it had received formal notification from INEX Innovate terminating discussions around the acquisition of Yourgene Health Taiwan.
Oracle Power upbeat on study into proposed Pakistan hydrogen project
Oracle Power announced the successful completion of a comprehensive technical and commercial feasibility study on Tuesday, conducted by China Electric Power Equipment and Technology (CET), a wholly owned subsidiary of State Grid Corporation of China (SGCC), along with Shanghai Investigation, and Design and Research Institute (SIDRI).
Novartis to take over MorphoSys in EUR 2.7bn deal, shares jump
Shares in German oncology biopharmaceutical specialist MorphoSys were surging on Tuesday morning, after Swiss pharma giant Novartis announced a deal to acquire it overnight.
Alumasc revenue, profits rise in first half
Alumasc reported a 6. 4% rise in group revenues in its interim results on Tuesday, to £47. 8m, driven by a robust performance in the water management sector, where revenues surged 12% to £22m.
UBS posts second consecutive quarterly loss
Investment bank UBS posted its second consecutive quarterly loss on Tuesday as costs related to integrating its fallen rival Credit Suisse weighed on the group.
Beeks Financial Cloud shares soar as contract wins bolster outlook
Shares in AIM-listed Beeks Financial Cloud Group soared on Tuesday after the company announced two contract wins and delivered a bullish outlook for the next financial year.
GSK reports positive myeloma trial results, progresses vaccine applications
GSK reported progress in its trial of a myeloma treatment on Tuesday, as well as regulatory progress around its shingles vaccine in China and its RSV vaccine in the United States.
BP shares surge on $1.75bn buyback despite 2023 profit slump
Shares in BP surged on Tuesday as the energy giant announced a $1. 75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.
Renishaw sees H1 profits sink but gives brighter outlook
Renishaw has said that higher costs, pay inflation and currency movements hit margins in the first half, leading to a 23% slump in adjusted profits amid challenging market conditions, but said it expected things to pick up in the second half.
DiscoverIE holds FY guidance as orders grow
Customised electronics maker discoverIE Group held full-year guidance despite a fall in sales for the four months to January 31, as orders showed signs of improvement.