Company News
Keller lifts dividend as profits soar
Geotechnical specialist contractor Keller Group more than doubled annual earnings and lifted its dividend by 20%.
Wednesday preview: Spring Budget, Fed's Powell in focus
The market spotlight in the middle of the week will be on the Chancellor as he delivers the Spring Budget.
Standard Chartered attracting more takeover interest - report
Standard Chartered has reportedly come under the spotlight amid a fresh round of takeover talk.
Director dealings: Tracsis CFO lowers stake
Tracsis revealed on Tuesday that chief financial officer Andrew Kelly had disposed of 9,165 ordinary shares in the AIM-listed transport technology group.
Thales shares surge after 2023 sales and profits beat forecasts
French aerospace, defence and transportation services group Thales saw shares jump more than 8% on Tuesday after delivering 2023 results that beat forecasts across the board, with operating profits topping €2bn for the first time in four years.
JO Hambro fund urges Currys to accept £1bn takeover valuation
A shareholder of Currys was urging the company to seriously consider a takeover bid valuing the electricals retailer at over £1bn, it emerged on Tuesday.
Oxford Biomedica shares rise on post-acquisition guidance
Shares in cell and gene therapy specialist Oxford Biomedica were jumping on Tuesday afternoon, after the company updated the market on its medium-term financial guidance.
Monzo valued at $5bn after fresh funding round
Online challenger bank Monzo has secured a new $430m (£339m) funding round led by the Alphabet-owned CapitalG which values it at $5bn (£3. 9bn).
Target shares jump after strong Q4, but FY sales slip
Shares in Target surged in pre-market trade on Tuesday after the American retail giant beat forecasts with its crucial holiday-quarter results despite seeing annual sales decline for the first time in seven years.
Spirent Communications to be taken over by Viavi in £1bn deal
Spirent Communications said on Tuesday that it has agreed to be taken over by US communications equipment company Viavi in a £1bn deal, as it revealed a slump in profits.
Greatland reports decent progress in interim report
Greatland Gold reported progress at its flagship Havieron gold-copper project in an interim report on Thursday, and updates on exploration activities across its Australian portfolio.
Acquisitions help drive strong growth at Johnson Service Group
Johnson Service Group released a strong set of preliminary results for 2023 on Tuesday, with total revenue increasing 20. 6% to reach £465. 3m.
DotDigital reports positive set of interim results
Customer experience and data platform (CDXP) provider dotDigital Group reported a positive set of interim results on Tuesday, with a 15% increase in group revenue to £38. 7m, and a solid 11% organic revenue increase excluding the acquisition of Fresh Relevance.
Somero confident despite weaker set of full-year results
Concrete levelling equipment specialist Somero Enterprises reported a weaker set of final results for 2023 on Tuesday, following declines in its core North American market.
Fall in digital revenue drives weaker year for Reach
British media company Reach reported a 5. 4% decline in revenue in its annual results on Tuesday, to £568. 6m.
Ondine Biomedical assessing Steriwave with Yorkshire partners
Ondine Biomedical announced on Tuesday that it is joining forces with the Mid Yorkshire Teaching NHS Trust, Health Innovation Yorkshire and Humber, and the York Health Economics Consortium (YHEC) to assess the potential cost savings associated with using its ‘Steriwave’ technology.
Petrofac's creditor talks continue as firm looks to strengthen balance sheet
Petrofac has said that work to bolster its balance sheet is ongoing as it continues to have active discussions with stakeholders and lenders for performance guarantees in order to fund ongoing work.
CEVA Logistics won’t increase takeover offer for Wincanton
CEVA Logistics, a unit of French shipping firm CMA CGM, said on Tuesday that it won’t be upping its takeover offer for Wincanton any further, after being outdone by Clipper Logistics owner GXO Logistics last week.
XP Power revenue rises despite slower order intake
XP Power reported a 42% decrease in order intake in its annual results on Tuesday, to £208. 8m, while revenue saw a modest uptick of 9% to £316. 4m.
China sets 2024 GDP growth target at 5pc
China revealed its growth target for 2024 overnight on Tuesday, aiming for a GDP rise of “around 5%”, as per the Government Work Report released during the annual National People’s Congress.