Company News
Thursday preview: US retail sales, Vistry in the spotlight
Financial markets' focus on Thursday will be on a trio of closely-followed economic reports in the States.
Government to block UAE bid for Telegraph with foreign ownership ban
The government is set to announce a ban on foreign governments owning newspapers and magazines in the UK, it emerged on Wednesday, effectively halting the Abu Dhabi-led takeover bid of the Daily and Sunday Telegraph.
Director dealings: 1Spatial CFO makes share purchase
1Spatial revealed on Wednesday that chief financial officer Stuart Ritchie had acquired 17,700 ordinary shares in the AIM-listed software and solutions firm.
Branson’s Virgin Group to axe around 8% of jobs at London HQ - report
Sir Richard Branson's Virgin Group is reportedly axing dozens of jobs at its London base as part of an integration of two of his companies.
TikTok faces US ban as House approves demand for sale
US lawmakers on Wednesday voted overwhelmingly to demand the Chinese owners of the TikTok video app to sell or be banned in the country.
Ixico warns on 2024 revenue amid contract delays
Medical imaging analytics company Ixico said in a trading update on Wednesday that, despite ongoing progress in expanding its opportunities pipeline, the first half of 2024 had been marked by extended contracting cycles and delays in securing certain new contracts.
BP, Adnoc suspend talks on bid for stake in Israel's NewMed
NewMed Energy said on Wednesday that BP and UAE state-owned oil company Adnoc have suspended discussions about a potential joint bid for 50% of the Israeli gas company.
Quantum Blockchain reveals new mining method, warns of porting difficulties
Quantum Blockchain Technologies shares were in the red on Wednesday afternoon, after it issued an update on its research and development endeavours in advancing Bitcoin mining technologies.
OptiBiotix signs partnership with India's Dr Morepen
Life science company OptiBiotix Health announced the signing of a partnership agreement with Dr Morepen on Wednesday, for the distribution of SlimBiome products in India under the Dr Morepen brand.
Vast Resources inks new offtake deal with Trafigura
Vast Resources announced a new exclusive offtake agreement with Trafigura Group on Wednesday, for all copper concentrate produced at the Baita Plai Polymetallic Mine in Romania.
Galderma confirms price range for blockbuster IPO
Galderma announced the price range for its forthcoming flotation on Wednesday, leaving the skincare giant on track to raise more than £2bn.
Anglesey Mining reports fresh assays from Northern Copper Zone
Anglesey Mining reported assay results from drill hole NCZ002 on Wednesday, marking a significant development in its infill drilling programme at the Northern Copper Zone (NCZ) and Garth Daniel Zone (GDZ) within the Parys Mountain project on the Isle of Anglesey in north west Wales.
AMS reports higher revenue and lower profit, proposes fresh acquisition
Advanced Medical Solutions unveiled its unaudited preliminary results for 2023 on Wednesday, alongside a significant acquisition announcement.
Direct Line rejects second takeover approach from Ageas, shares tumble
Direct Line tumbled on Wednesday after saying it had received and rejected a second takeover approach from Belgian rival Ageas as it continues to undervalue the group.
Victoria sees some positive signs in subdued market
Flooring company Victoria said in a trading update on Wednesday that, despite ongoing challenges in the market, it was seeing signs of improvement in the medium-term macroeconomic outlook, particularly in flooring demand indicators.
Shell to cut 20% of jobs in deals team - report
Shell will reportedly cut at least 20% of jobs in its deals team as the company continues to restructure its business units in an effort to reduce costs.
Zara-owner Inditex upbeat on strong results
Shares in Inditex sparked on Wednesday, after the Spanish fashion giant said 2024 had got off to a strong start.
MaxCyte reports strong fourth quarter as full-year revenues fall
Cell engineering technology specialist MaxCyte reported total fourth quarter revenue of $15. 7m on Wednesday, up 26% on the same period in 2022.
Falling margins hold back profit growth at Volkswagen
Volkswagen has described its 2023 results as "robust" amid a challenging environment, as a strong showing from its core and luxury brands offset was able to offset at declining profits at non-core brands including Audi and its software arm.
Liontrust denies Artemis takeover talks
Liontrust Asset Management has denied it is in talks to acquire smaller rival Artemis.