Company News
Wednesday preview: UK GDP, Balfour Beatty in the spotlight
Financial markets' attention in the middle of the week will be on a reading for UK gross domestic product during the month of January.
Lego outperforms declining toy market with sales growth
Danish toy giant Lego outperformed competitors in 2023 as it managed to grow sales by 2% in the worst year for toymakers in more than 15 years.
Director dealings: Hollywood Bowl CEO offloads shares
Hollywood Bowl revealed on Tuesday that chief executive Stephen Burns had disposed of 165,696 ordinary shares in the FTSE 250-listed ten-pin bowling centres operator.
Starling Bank appoints Ovo boss Bhatia as new CEO
Starling Bank said on Tuesday that it has appointed Raman Bhatia - the current boss of energy firm Ovo - as its new chief executive officer.
Andrada Mining reports progress across its expansion plans
Andrada Mining announced significant advancements in its expansion plans for lithium, tin, and tantalum production at the Uis Mine in Namibia on Tuesday, alongside updates on its strategic process.
Eckoh enters partnership with RingCentral
Customer engagement data security specialist Eckoh announced a strategic partnership with RingCentral, a provider of AI-driven enterprise cloud communications and contact centre solutions, on Tuesday.
Regional REIT says discounted equity issue on the cards, shares tank
Regional REIT tanked on Tuesday as it confirmed that a heavily-discounted equity issue could be on the cards.
Entain hires bankers to prepare for sale of PartyPoker - report
Ladbrokes owner Entain has reportedly hired bankers to prepare for a sale of PartyPoker as it seeks to fend off activist investors by reinvigorating its core operations.
Persimmon shares fall on uncertain forecast as profits slump
Shares in Persimmon fell on Tuesday after the UK housebuilder warned of continuing tough markets as it reported a worse-than-expected 52% slump in full year profits.
PCI-PAL raising £3.5m to support its US expansion
Payment solutions specialist PCI-PAL announced its intention to conduct a fundraising aimed at raising up to £3. 5m on Tuesday, to support its continued US expansion.
BAT confirms sale of 400m shares in India's ITC
British American Tobacco confirmed extensive media speculation around its holding of Indian tobacco firm ITC on Tuesday morning, announcing plans to sell more than 400 million ITC shares through its subsidiary Tobacco Manufacturers India (TMI).
Union Jack Oil buys three US royalty packages
Union Jack Oil announced the expansion of its mineral royalty portfolio on Tuesday, with the acquisition of three additional packages brokered by Reach Oil & Gas.
Ariana reports latest drilling results from Tavsan
Mineral explorer and developer Ariana Resources unveiled the latest developments at its Tavsan Project on Tuesday, which it operates in partnership with Zenit, Proccea Construction and Ozaltin Holding, with Ariana holding a 23. 5% stake.
Power Metal driving Power Arabia subsidiary towards London listing
Power Metal Resources updated the market on the progress of its wholly-owned subsidiary Power Arabia on Tuesday.
CVS shares slide as CMA consults on possible market probe
Shares in UK veterinary service provider CVS Group were in the red on Tuesday, after the Competition and Markets Authority (CMA) announced a consultation over its proposal to conduct a market investigation concerning veterinary services for household pets in the UK.
Impax AuM rises slightly by end of February
Impax Asset Management updated the market on its assets under discretionary and advisory management (AuM) on Tuesday.
H&T reports robust year despite market slowdown
Pawnbroker and jewellery retailer H&T Group reported a robust set of preliminary results on Tuesday, with profit before tax jumping 39% year-on-year to £26. 4m.
Standard Chartered's Simon Cooper departs amid corporate reshuffle
Banking group Standard Chartered said on Tuesday that Simon Cooper, who was a frontrunner to succeed chief executive Bill Winters, will leave the group in order to "pursue other interests".
Fonix Mobile gross profits rise in strong first half
Mobile payments and messaging technology company Fonix Mobile reported a 17. 9% rise in gross profit in its interim results on Tuesday, to £9. 2m, while adjusted EBITDA increased 17. 7% to £7. 3m.
Shoe Zone says trading 'marginally' below expectations, shares tumble
Shoe Zone tumbled on Tuesday after it said trading was "marginally" below expectations, pinning part of the blame on a rise in the national living wage and higher costs due to Red Sea disruption.