Company News
Wednesday preview: Fed meeting minutes, HSBC in the spotlight
Investors' focus in the middle of the week will be on the release of the minutes of the Federal Reserve's most recent policy meeting, in January.
Body Shop to shutter roughly half of UK locations
Cosmetics company The Body Shop will shutter roughly half of its UK storefronts and lower staffing numbers at its London head office by approximately 40%, leading to hundreds of job losses in the process.
Director dealings: Pinewood Technologies CEO sells shares
Pinewood Technologies revealed on Tuesday that chief executive William Berman had disposed of 1. 46m shares in the London-listed management software solutions provider.
AJ Bell founder tapped for Applied Nutrition chairman role
AJ Bell founder Andy Bell has been appointed chairman of Applied Nutrition, a rapidly growing sports nutrition, health, and wellness brand based in Liverpool, it was reported on Tuesday.
Ferrexpo cancels interim dividend
Iron ore pellet producer Ferrexpo said on Tuesday that it was cancelling its interim dividend just days before it was due to be paid out, following a claim against its Ukrainian subsidiary.
Engage XR announces two big contract wins
Engage XR announced major new contract wins on Tuesday, including its largest contract to date.
Anglesey Mining upbeat on latest drilling at Parys Mountain
Anglesey Mining updated the market on the progress of its Northern Copper Zone (NCZ) mineral resource delineation drilling programme at the Parys Mountain copper-zinc-lead-silver-gold VMS project on Tuesday, located on the Isle of Anglesey in north west Wales.
Arrow reports progress on Colombia's Tapir block
Colombia-focussed hydrocarbon developer Arrow Exploration updated the market on activities in the Tapir Block on Tuesday, situated in the Llanos Basin, where it holds a 50% beneficial working interest.
Journeo inks £5m framework with Northern transport partnership
Transport information and technology specialist Journeo announced a new framework agreement with a Northern transport partnership on Tuesday, after a competitive tender process.
Kistos to buy EDF UK gas storage assets for £25m
Kistos has finalised a sale and purchase agreement to acquire EDF Energy Gas Storage, it announced on Tuesday, including two gas storage facilities onshore in the UK, namely Hill Top Farm and Hole House Farm.
Lok'nStore reports positive first-half progress
Self-storage operator Lok'nStore reported a continued positive trajectory in its operations in a first-half trading update on Tuesday.
Walmart to buy smart TV maker Vizio in $2.3bn deal
Walmart said on Tuesday that it has agreed to buy Vizio in a $2. 3bn deal.
Anglo Asian unveils maiden Xarxar resource estimate
Anglo Asian Mining announced a significant milestone on Tuesday, with the completion of its maiden JORC 2012 mineral resource estimate for the Xarxar copper deposit in Azerbaijan.
Barclays unveils massive overhaul as profits fall 6%
Barclays Bank unveiled a swathe of changes on Tuesday, including a structural overhaul of operations, £2bn in cost cuts and a massive increase in shareholder payouts as annual earnings fell by 6%.
Petra Diamonds trims production guidance after earnings slide
Shares in Petra Diamonds were sliding on Tuesday morning, after the company reported a decline in first-half revenue and earnings and lowered its production outlook for the full year.
EZ construction output rises 0.8% in December
Construction output in the eurozone rose 0. 8% in December from the prior month, according to official data released on Tuesday.
AstraZeneca acquires US-based biopharmaceutical company
Drugmaker AstraZeneca revealed late on Monday afternoon that it had successfully completed its acquisition of US-based biopharmaceutical company Icosavax.
Antofagasta FY revenues grow as copper prices stabilise
Copper miner Antofagasta said on Tuesday that full-year revenues had grown on the back of a more stable price for the metal throughout 2023.
Mobico delays FY results, shares slide
Mobico shares slumped on Tuesday after the National Express owner said results would be delayed due to an accounting review of its German rail business.
IHG revenue jumps as it swings to operating profit
InterContinental Hotels Group reported strong trading in its final results on Tuesday, with global revenue per available room (RevPAR) increasing 16. 1% year-on-year for 2023, with a notable 7. 6% increase in the fourth quarter alone.