Company News
Thames Water hires advisers over £190m loan as MPs call for govt administration
Lenders to troubled UK utility Thames Water's parent company have reportedly engaged accountancy firm EY as advisers weeks before a £190m debt falls due and MPs called for the company to be placed into special administration.
Bodycote on track to meet margin target as aerospace boosts profit
Heat treatment and thermal processing services specialist Bodycote delivered a rise in annual profits, driven by a strong performance at its aerospace and defence division.
Currys slides as JD.com says it won't make an offer
Currys slumped on Friday as it said Chinese ecommerce giant JD. com does not plan to make an offer for the London-listed electricals retailer.
Alien Metals secures AUD 2m short-term funding
Alien Metals announced a short-term funding facility worth up to AUD 2m (£1. 03m) via a convertible loan note on Friday.
Wishbone Gold reports positive results from Cottesloe drilling
Wishbone Gold unveiled encouraging results from its ongoing diamond drilling at the Cottesloe Project on Friday, a venture it wholly owns.
Reckitt Benckiser tumbles on baby formula compensation woes
Reckitt Benckiser tumbled on Friday amid concerns about baby formula compensation.
Genedrive receives R&D tax credit, plans fundraise
Point-of-care pharmacogenetic testing company Genedrive announced the receipt of a research and development tax credit totalling £0. 8m on Friday, taking its unaudited cash balances to £1. 2m.
Sheffield Resources takes 10pc stake in Capital Metals
Capital Metals, a mineral sands company advancing towards mine development at the high-grade Eastern Minerals Project in Sri Lanka, announced on Friday that the ASX-listed Sheffield Resources had acquired 10% of the firm.
Sareum allowed European patent for primary kinase inhibitor asset
Biotechnology company Sareum announced on Friday that the European Patent Office had issued a notice of allowance for a patent concerning SDC‐1801, its primary TYK2/JAK1 kinase inhibitor currently undergoing clinical trials in Australia.
Zephyr Energy signs rig contract for Paradox Basin redrilling
Zephyr Energy announced on Friday that it had finalised a rig contract with Helmerich & Payne (H&P) for Rig 257, for the redrilling of the State 36-2R well in Utah’s Paradox Basin.
French shipping firm CMA CGM in exclusive talks to buy Altice
French shipping firm CMA CGM said on Friday that it has entered into exclusive talks to buy telecoms group Altice for an enterprise value of €1. 55bn.
Trident Royalties upbeat on latest Thacker Pass progress
Mining royalty company Trident Royalties announced significant progress in the development of the Thacker Pass Lithium Project by Lithium Americas Corporation (LAC) on Friday.
Trading in LPP suspended after Russian claims cause stock to plunge
Shares in LPP Group were suspended on Friday, after short seller Hindenburg Research claimed the Polish retailer’s Russian divestments were a "sham", causing the stock to plunge.
Beowulf announces two-week delay to Vardar ownership process
Beowulf Mining announced a delay in its planned consolidation of 100% ownership of Vardar Minerals on Friday.
MC Mining hit by soaring costs in first half
Shares in South Africa-focused coal miner MC Mining slipped on Friday after the company reported that half-year losses surged on the back of soaring costs and lower prices.
Shore Cap ups rating on British Land, Derwent
Shore Capital has upgraded British Land and Derwent London to ‘buy’ in its latest review of the UK real estate sector.
Scottish Mortgage Investment Trust to spend up to £1bn on buybacks
Scottish Mortgage Investment Trust announced on Friday that it had made available at least £1bn for share buybacks over the next two years, following strong operational results from its public and private portfolio.
Bank of Georgia upbeat after jump in full-year income
Bank of Georgia Group posted a jump in full-year income on Friday, boosted by strong lending and favourable macroeconomic conditions.
Air Astana delivers solid profit growth in first results since IPO
Kazakhstan-based airline Air Astana delivered a double-digit increase in profits and key performance metrics after flying a record number of passengers in 2023, as it gave a positive outlook for the current financial year.
