Company News
NatWest profits soar 20% as Thwaites confirmed in CEO post
Scandal-hit NatWest Bank reported a better-than-expected 20% rise in pre-tax profit and confirmed Paul Thwaite as chief executive on a permanent basis.
General Atlantic and Stone Point to buy HireRight in $1.65bn deal
HireRight said on Friday that it has agreed to be bought by General Atlantic and Stone Point Capital after the private equity firms raised their offer for the employee screening company to $1. 65bn.
Anexo upbeat on Supreme Court contractual liability decision
Integrated credit hire and legal services provider Anexo announced a significant victory in the Supreme Court on Friday, marking a pivotal moment in the recovery of contractual liabilities within the realm of non-fault traffic accidents.
Audioboom reports jump in audience reach
Podcast producer and distributor Audioboom announced a significant milestone in its audience reach on Friday, achieving record-breaking figures in January, propelled by the continued expansion of its podcast network.
Kingspan FY profits rise even as revenue dips
Irish building materials group Kingspan posted a jump in profit on Friday even as revenues dipped.
Mosman reports uptick in production at Stanley project
Hydrocarbon, helium and hydrogen explorer, developer and producer Mosman Oil and Gas announced a substantial uptick in production at its Stanley project in the United States on Friday.
Petra Diamonds sales rise slightly in fourth tender cycle of FY24
Mining company Petra Diamonds said on Friday that sales had slightly grown in 2024's fourth tender cycle, principally driven by higher prices throughout the period.
Baron Oil raises £3.26m through placing, subscription and retail offer
Baron Oil announced on Friday that it had raised a total of £3. 26m through a fundraise.
Golden Metal Resources upbeat on latest findings in Nevada
Nevada-focussed mineral explorer Golden Metal Resources updated the market on its Kibby North and Kibby South lithium brine properties on Friday.
Sylvania Platinum releases updated resource estimates for Volspruit
Sylvania Platinum released updated mineral resource estimates for its Volspruit Project in South Africa on Friday, situated on the Northern Limb of the Bushveld Complex.
Conygar makes planning bid for Nottingham student accommodation
Real estate firm the Conygar Investment Company reported a step forward in the development of The Island Quarter in Nottingham on Friday.
Anglo Asian gives up board seat on Libero board
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining announced the resignation of non-executive director Michael Sununu from the board of Libero Copper & Gold on Friday.
Nike to axe over 1,600 jobs as it trims its expenses
Sportswear giant Nike announced plans to reduce its workforce by about 2% overnight, equating to more than 1,600 jobs, as part of a cost-cutting initiative following a year of weaker profits.
Caspian Sunrise reports progress at BNG contract area
Caspian Sunrise updated the market on operations at the BNG contract area on Friday, reporting that well 142, a key asset on the MJF structure, had resumed production after more than 12 months.
EDF returns to profit on higher electricity prices
French nuclear operator EDF said on Friday it had swung back into the black, boosted by higher electricity prices.
Kingswood agrees new £8m unsecured debt facility
Wealth and investment manager Kingswood Holdings announced the acquisition of a new £8. 0m unsecured debt facility from funds managed by Pollen Street Capital on Friday.
Plexus wins North Sea plug and abandonment contract
Oil and gas engineering services business Plexus has won a contract valued in excess of £1. 0m to provide specialised equipment and services for multiple plug and abandonment activities in the North Sea.
XP Power revenues seen 'significantly below' FY expectations
Power control solutions manufacturer XP Power warned on Friday that full-year revenues would be "significantly below market expectations", sending shares sharply lower in early trading.
TBC Bank recommends dividend after year of growth
TBC Bank Group reported significant increases in net interest income, of 26. 8%, and net fee and commission income, of 27. 8%, in its full-year results on Friday, leading to total operating income of GEL 2. 37bn (£0. 71bn), up 14. 6%.
Pre-tax losses narrow at Segro as rents rise
Property firm Segro struck an upbeat tone on Friday, after pre-tax losses narrowed and rental income improved.