Company News
Weekly review
The FTSE 100 ended the week down 5. 43 points, or 0. 07%, closing at 7,706. 28 on Friday.
Director dealings: Cadogan Energy CEO raises stake
Cadogan Energy Solutions revealed on Friday that chief executive Fady Khallouf had acquired 3. 32m ordinary shares in the UK-based energy company.
StanChart shares soar on $1bn buyback, higher profits
Shares in Standard Chartered on Friday soared after the Asia-focused bank unveiled a new $1bn buyback, increased dividend and higher annual profits, but reined in guidance on income for the current year.
Former Bytes Technology boss failed to disclose more than 100 share trades
The former boss of Bytes Technology made more than 100 share trades without disclosing them, it emerged on Friday.
Serco ordered to cease using facial recognition on workers
UK government contractor Serco has been ordered to to stop using facial recognition technology to monitor the attendance of employees at leisure centres it operates.
Quarterly numbers disappoint at Warner Bros Discovery
Warner Brothers Discovery posted a bigger-than-expected quarterly loss on Friday, weighing on the shares.
Hornby surges as Frasers Group bumps stake up to 8.9%
Hornby surged on Friday after Mike Ashley’s Frasers Group lifted its stake in the model train maker to 8. 9%.
Jadestone Energy flags board changes at next AGM
Asia-Pacific-focussed upstream company Jadestone Energy announced changes to its corporate governance structure on Friday.
Allianz delivers record 2023 but shares fall on weak non-life results
German insurance and asset management group Allianz delivered a record set of annual results on Friday as it hiked its dividend by more than a fifth on the back of a higher payout ratio and launched a new share buyback programme of up to €1bn.
Government to introduce £2 limit for online slots
The government is to introduce a £2 maximum stake for under-25s playing online slot machines, it was confirmed on Friday.
Vela Technologies reports fall in total assets
Early-stage technology investor Vela Technologies said in an update on Friday that its total assets, including cash, decreased by £0. 64m or 9% during the December quarter, amounting to £6. 18m.
BASF to cut costs by a further €1bn
Germany’s BASF Group is to slash costs by a further €1bn, the chemicals giant confirmed on Friday, as it battles higher expenses and falling earnings.
Corcel planning next drawdown from convertible loan facility
Corcel updated the market on its unsecured convertible loan note facility on Friday.
Tlou makes progress at Lesedi power project
Tlou Energy updated the market on the Lesedi project on Friday, reporting significant progress towards electricity generation.
Empire Metals chooses not to renew Gindalbie deal
Empire Metals announced a strategic decision regarding its non-core assets on Friday, specifically the Gindalbie Tribute Agreement, as part of its efforts to fast-track development at the Pitfield Titanium Project in Western Australia.
Yu Group inks new hedging deal with Shell Energy Europe
Independent business energy supplier Yu Group announced on Friday that through its Yu Energy Retail subsidiary, it has entered into a new hedging facility with Shell Energy Europe.
STM FY revenues seen ahead of market expectations
Financial services provider STM Group said on Friday that full-year revenues were £28. 0m, ahead of market expectations, driven by higher than forecasted interest income.
RBG expands fundraising with £0.7m retail offer
RBG Holdings unveiled plans for a retail offer directed at existing retail shareholders on Friday, in a bid to raise £0. 7m to help its plans to save on interest payments.
Verditek reports progress with proposed disposal
Verditek updated the market on its proposed disposal on Friday, announcing positive progress in negotiations with bondholders regarding the sale of certain assets.
Orosur's new incentive plan gets TSX approval
Orosur Mining announced on Friday that it has received approval from the TSX-V for its new equity incentive plan, following shareholder endorsement at the annual and special meeting on 20 December.