Company News
Heavy rainfall sees retail footfall plummet
Retail footfall plunged last month, industry data showed on Friday, as the unusually wet weather kept shoppers at home.
Friday preview: Global factory PMIs, Rightmove in focus
All eyes at the end of the week will be on a raft of factory sector survey results for the month of February due out across the world.
Weaker margins dampen a strong Q1 for Birkenstock
US-listed shares in Birkenstock dropped in New York on Thursday despite the German sandal maker beating analysts' forecasts with its first fiscal quarter results, as adjusted profits declined on the back of margin pressures.
Sainsbury’s to axe 1,500 jobs in cost-cutting drive
Supermarket chain Sainsbury's said on Thursday that it’s planning to cut around 1,500 jobs, as it looks to reduce costs and focus on food.
Power Metal Resources agrees to buy 75pc of GSAe
Power Metal Resources announced an agreement with GSA Environmental (GSAe), on Thursday, under which it would acquire 75% of GSAe's entire issued share capital under binding heads of terms.
Blackbird raises £1.05m to advance cloud editing platform
Cloud video editing technology specialist Blackbird raised £1. 05m on Thursday, to invest into its elevate. io content creation product.
Arecor subsidiary Tetris launching Ogluo in the Netherlands
Arecor Therapeutics updated the market on an announcement made by its subsidiary Tetris Pharma on Thursday, regarding the launch of the ‘Ogluo’ glucagon prefilled autoinjector pen in the Netherlands.
Empire Metals kicks off exploration campaign at Pitfield
Empire Metals initiated a significant exploration campaign at its Pitfield Project in Western Australia on Thursday, marking a pivotal step forward in its resource development endeavours.
Wincanton surges as GXO makes £764m takeover offer, trumps CEVA Logistics
Wincanton surged on Thursday after Clipper Logistics owner GXO Logistics said it had made a £764m takeover offer for the company, potentially kicking off a bidding war.
The Body Shop to close 75 stores across the UK
The Body Shop is to close a further 75 stores, it was confirmed on Thursday, with the loss of nearly 500 jobs.
Vodafone rallies on 'RARE' Betaville report
Vodafone rallied on Thursday amid takeover speculation.
Silverbullet flags strong rise in total group revenue
AI-focussed digital transformation specialist Silverbullet reported a substantial increase in total group revenue in a trading update on Thursday, to £8. 3m, making for 42% growth compared to the prior year's £5. 8m.
CVS posts first-half growth as CMA market probe continues
UK veterinary service provider CVS Group reported an 11. 4% increase in revenue in its interim results on Thursday, to £329. 9m, with a like-for-like sales growth of 6%.
Oncimmune revenue falls as it implements new strategy
Oncimmune reported revenue of £2. 1m in its final results on Thursday, down from £3. 8m for the prior extended 15-month period, with revenue from continuing operations totalling £1. 2m.
Karelian Diamond Resources makes progress in first half
Karelian Diamond Resources reported progress in obtaining a mining concession for the Lahtojoki diamond deposit in its first-half results on Thursday.
CRH expects further profit growth in 2024, unveils another share buyback
Shares in CRH jumped to a record high on Thursday after the building materials giant reported double-digit profit growth for 2023 and announced a new $300m share buyback programme.
IAG profits fly past pre-pandemic levels on strong leisure demand
British Airways owner IAG on Thursday more than doubled annual profit as demand continued to rebound from the effects of the Covid pandemic.
Annual profits tumble at Man Group
Man Group posted a slump in annual profits on Thursday, despite a jump in assets under management, after performance fees tumbled.
Hunting earnings jump as it diversifies revenue sources
Hunting reported a 19% rise in its order book in its full-year results on Thursday. to $565. 2m, accompanied by a 28% increase in revenue to $929. 1m.
Greencoat UK Wind hikes FY dividend
Renewable infrastructure fund Greencoat UK Wind hiked its dividend above expectations in 2023 and said it was confident of being able to do it again in FY24.