Company News
Friday preview: US inflation data, Berkeley Group in focus
Inflation data in the U. S. will continue to be in focus at the end of the week.
Biden voices opposition to Japanese takeover of US Steel
Shares in American steel producer US Steel was under pressure on Thursday after president Joe Biden said he's opposed to its $14. 9bn takeover by Japan's Nippon Steel.
Director dealings: Checkit chairman raises stake
Checkit revealed on Thursday that chairman Keith Daley had acquired 250,000 ordinary shares in the AIM-listed software and solutions business.
AG Barr says 195 jobs at risk in proposed business reorganisation
Irn Bru maker AG Barr said on Thursday that up to 195 jobs were at risk as it looks to close some of its sites as part of a business reorganisation.
Ofwat penalises Welsh Water over "indefensible" mistakes
Welsh Water has been ordered to pay £40m after an investigation found the utility misled both customers and the regulator, it was confirmed on Thursday.
ECR Minerals raises £0.6m to advance Australian projects
Australia-focussed gold explorer and developer ECR Minerals announced the fundraising of £0. 59m before expenses on Thursday, to advance its projects in Victoria and Queensland.
Dick's Sporting Goods cheers record quarter
Shares in Dick’s Sporting Goods jumped on Thursday, after bumper holiday season trading beat expectations.
Ageas faces opposition from top shareholder over Direct Line pursuit - report
Belgian insurer Ageas is reportedly facing opposition from one of its leading shareholders to a potential takeover of London-listed rival Direct Line.
Vistry shares surge as profits jump, unveils £100m buyback
Shares in Vistry surged on Thursday after the UK housebuilder posted a jump in annual profits, unveiled another £100m share buyback and forecast higher completions in 2024 driven by strong demand.
Beeks Financial Cloud wins contract extension with JSE
Beeks Financial Cloud announced a significant contract extension with the Johannesburg Stock Exchange (JSE) on Thursday, for the provision of its Exchange Cloud.
Hapag-Lloyd warns on earnings, slashes dividend
Container giant Hapag-Lloyd on Thursday reported a slump in annual profits and cut its dividend as it warned of lower earnings this year due to attacks on commercial shipping in the Red Sea.
FCA probe into motor finance won't be like PPI, regulator says
The head of the Financial Conduct Authority (FCA) has said it is "improbable we will find nothing" as it continues to investigate historical motor finance commission arrangements for potential misconduct, but that the impact on the financial sector will unlikely be as severe as the Payment Protection Insurance mis-selling scandal.
Profits jump at International Personal Finance despite Polish hit
Shares in International Personal Finance sparked on Thursday, after the London-listed firm posted above-forecast earnings.
Atome fundraising granted EIS status by HMRC
Atome announced on Thursday that HM Revenue and Customs had granted Enterprise Investment Scheme (EIS) status for investments made by qualifying individuals in its recent equity fundraise, announced on 19 February.
Burford Capital reports year of solid growth
Burford Capital reported significant gains and robust growth in its annual results on Thursday, with a record surge in realised gains of 40% to $186m.
Firering acquires 20m Ricca shares as part of settlement
Exploration company Firering Strategic Minerals announced the acquisition of 20 million shares in Ricca Resources on Thursday.
Mercia Asset Management invests further in three portfolio firms
Mercia Asset Management announced the completion of syndicated funding rounds into three existing direct investments on Thursday, totalling £5. 7m.
FW Thorpe revenue, profits rise marginally
Professional lighting specialist FW Thorpe reported first-half revenue of £82. 6m on Thursday, making for a modest increase of 1% from the prior period.
Restore swings to statutory loss amid market challenges
Digital information and document management specialist Restore reported a 1% fall in full-year revenue on Thursday, to £277. 1m, while facing a more substantial 15% drop in adjusted operating profit to £44. 3m.
Altria to sell down stake in AB InBev
Trading in Anheuser-Busch InBev was temporarily suspended on Thursday, after Marlboro maker Altria Group announced plans to sell down its stake in the brewing giant.