Company News
eEnergy secures £40m in project funding
Digital energy services business eEnergy revealed on Friday that it had secured up to £40. 0m in project funding from NatWest.
US manufacturing conditions improve in February - S&P
US manufacturing conditions improved in February at the fastest pace since July 2022, according to a survey released on Friday.
Creo device used in 'groundbreaking' lung cancer procedure
Creo Medical Group announced a significant milestone in the field of minimally-invasive surgical endoscopy for cancer patients on Friday, with its ‘MicroBlate Flex’ device.
Takeover due date extended as FireAngel awaits state clearance
FireAngel Safety Technology updated the market on its proposed acquisition by Intelligent Safety Electronics (ISE) on Friday, confirming an extension of the legally mandated assessment period.
M&S wins court battle over Oxford St store demolition
Marks & Spencer has come a step closer to demolish its main store on London's Oxford Street after the High Court ruled that a decision by government minister Michael Gove to block the plan was unlawful.
FD Technologies warns of revenue slightly below consensus
FD Technologies said in a full-year trading update on Friday that group revenue was expected to be slightly below consensus, at no less than £247m, while adjusted EBITDA was anticipated to be in line with consensus, coming in at £22. 5m at least.
Molecular Energies 'disappointed' with Paraguay well suspension
Molecular Energies said in an update on Friday that the Tapir x-1 exploration well in Paraguay had been temporarily suspended due to challenging drilling conditions, failing to reach the target zone.
Sondrel talks over capital injection at 'advanced' stage
Semiconductor designer and consultant Sondrel updated the market on its ongoing discussions with a potential capital provider on Friday, to address its immediate working capital needs.
Horizonte extends waivers on interest payments to late March
Horizonte Minerals announced on Friday that it has extended waivers on interest payments, providing relief amidst ongoing financial negotiations.
Ryanair cuts back schedule amid Boeing 737 MAX delays
Ryanair confirmed further setbacks in its aircraft delivery schedule on Friday, after Boeing announced a reduced number of 737 MAX-8200 deliveries.
R&Q says divestment is on track after press speculation
R&Q Insurance Holdings responded to fresh press speculation on its plans on Friday, confirming that it was still on track to finalise the sale of its Accredited business.
4basebio inks significant DNA supply contract
4basebio announced a significant contract through a competitive tender process on Friday, to provide research and GMP-grade synthetic DNA for the advancement of RNA therapeutics and vaccines at CPI's RNA Centre of Excellence.
Rightmove FY profits grow, customer numbers to ease
Real estate property portal operator Rightmove said on Friday that profits had risen in 2023 and guided for further revenue growth in 2024 despite warning that customer numbers were likely to ease this year.
Deadline for Superdry takeover bid extended
Superdry said on Friday that the Takeover Panel has agreed to extend the "put up or shut up" deadline for co-founder and chief executive Julian Dunkerton to either announce a firm intention to make an offer for the company or walk away.
Tritax reports solid profit growth in 2023
Tritax Big Box, the logistics-focused real estate group currently undergoing a potential £900m all-share merger with UK Commercial Property Reit (UKCM), delivered a small increase full-year profits as a result of higher rental income and lower costs.
Wincanton board backs £762m takeover approach from GXO
Wincanton said on Friday that its board is now backing a £762m takeover approach by Clipper Logistics owner GXO Logistics, withdrawing previous support for an offer by CEVA Logistics, a unit of French shipping firm CMA CGM.
Pearson FY profits jump on strong demand for English courses
UK educational publisher Pearson said it expected 2024 earnings to be in line with expectations after reporting a rise in annual profits driven by strong demand for its English language courses and extending its share buyback by £200m.
Babcock secures £500m UK submarine contract
Babcock International has secured a significant contract with the UK's Submarine Delivery Agency (SDA), it announced on Friday, valued at £560m.
Seeen enters strategic partnership with American 7s Football League
Seeen announced a strategic partnership with the American 7s Football League (A7FL) on Friday, involving the integration of its media and technology artificial intelligence (AI) platform into A7FL's digital landscape, aimed at delivering ‘key video moments; to augment views and revenue across video content.
ITV sells stake in BritBox International to BBC Studios for £255m
ITV said on Friday that it has sold its entire 50% stake in streaming service BritBox International to its joint venture partner BBC Studios for £255m in cash.