Company News
Tuesday preview: US CPI, UK employment in focus
Tuesday will bring with it the week's key data release, the U. S. Consumer Price Index for the month of February.
Reddit announces IPO valuation of up to $5.5bn
Social media platform Reddit confirmed its intention to launch an initial public offering (IPO) on Monday, announcing an estimated valuation of up to $5. 5bn.
Currys slumps as Elliott walks away from takeover talks
Shares in Currys slumped on Monday as US private equity firm Elliott Advisors pulled from the race to take over the UK electrical retailer after "multiple attempts” to discuss an offer were rebuffed.
FRP Advisory acquires Isle of Man-based business
Advisory firm FRP Advisory Group has acquired GWC, based in Douglas, which provides advisory and insolvency services across the Isle of Man.
HSBC to recruit about 50 more bankers for US commercial bank - Reuters
HSBC is planning to recruit about 50 more bankers in its US commercial bank to lend to start-up companies, mainly in the technology and healthcare sectors, according to a senior executive.
Ramsdens reports robust trading in year-to-date
Financial service provider and jewellery retailer Ramsdens reported robust trading in line with its expectations in an update on Monday, buoyed by its diversified business model and trusted consumer brand.
Superdry negotiating £10m loan with Hilco - report
Struggling fashion retailer Superdry, which is in talks to be taken private by its founder, is reportedly negotiating an additional multimillion-pound loan with one of its existing lenders.
Challenger Energy signs new Uruguay licence
Challenger Energy announced the signing of the AREA OFF-3 licence on Monday, marking a significant milestone for the Caribbean and Americas-focussed energy company.
Versarien sells South Korean plant, licenses patents
Versarien announced on Monday that it had finalised an agreement with MCK Tech to sell its plant and equipment in South Korea for £0. 6m.
Cordel finance chief to take six-month sabbatical
Cordel Group announced Monday that its chief financial officer, Thouraya Walker, would be taking a sabbatical of up to six months.
Coro Energy applies for second Philippines wind service contract
Coro Energy announced Monday that it has submitted an application to the Philippines Department of Energy for a second wind energy service contract (WESC) with 100 MW capacity.
EU Commission found to have broken data protection rules with Microsoft software
The European Commission's use of Microsoft 365 was found to have infringed data protection law, according to a ruling announced on Monday by the continent's privacy watchdog.
Synergia repaying, converting maturing loan notes
Synergia Energy updated the market on the maturity date of its 6,500 convertible loan notes on Monday, which were issued on 9 March 2023, and were set to mature on 9 March 2024.
Bidstack suspends trading, appoints administrators after failed sale process
Bidstack, the struggling in-game advertising group, was forced to temporarily suspend its shares from trading on AIM on Monday after announcing administrators have been appointed following a failed sale process.
Dekel reports rise in crude palm oil production
Dekel Agri-Vision reported significant growth in some key metrics in its February production update for the Ayenouan palm oil project in Côte d'Ivoire on Monday.
Vanquis Banking warns on full-year profits, shares tank
Vanquis Banking Group warned on full-year profits on Monday as it continues to be redevelop its customer proposition and reset pricing, and due to costs associated with reviewing complaints mostly related to credit cards.
Heathrow on track for busiest year after record February
Traffic numbers at Heathrow rose to record highs in February with the airport handling two million passengers during its busiest-ever winter half-term season.
Touchstar ends 2023 in line with expectations
Mobile data computing and managed service provider Touchstar said in an update Monday that it expects its performance for 2023 to be largely in line with market expectations in terms of revenue and profit before tax.
UK recruitment activity continues to weaken during Q1
Recruitment activity continued to weaken across the UK in the first quarter of the year, according to KPMG and REC, as "ongoing economic uncertainty" and hesitancy to commit to new hires amid cost pressures led to a fall in permanent placements.
Karelian given court date for Lahtojki mine land appeals
Karelian Diamond Resources said Monday that it has received notice of the court hearing date from the Finnish Land Court, addressing appeals from two landowners around compensation and the mining boundary of the planned Lahtojki diamond mine.