Company News
Wednesday preview: US Federal Reserve, Ceres Power in the spotlight
All eyes on Wednesday will be on the U. S. central bank.
Director dealings: Sthree CEO offloads shares
Sthree revealed on Tuesday that chief executive Timo Lehne had disposed of 31,017 ordinary shares in the FTSE 250-listed staffing business.
Ted Baker to appoint administrators
Fashion brand Ted Baker is set to call in administrators, it emerged on Tuesday.
Xiaomi trebles profits in fourth quarter, but 2023 sales slip
Adjusted profits at Chinese tech giant Xiaomi more than trebled in its fourth quarter to beat analysts' forecasts, though full-year revenues were down on 2022 as a result of a drop in smartphone sales.
Personal Group signs deal with unnamed global airline
Personal Group announced a landmark contract signing by its pay and reward division on Tuesday, with an undisclosed global airline, for its reward consultancy arm Innecto.
UAE bid for Telegraph looks over as UK govt mulls full probe of deal
An Abu Dhabi-backed bid for the Telegraph newspaper group looks doomed to fail after the UK government said it was minded to refer the deal to regulators for investigation amid concerns over foreign ownership.
Andrada Mining subsidiary inks financing deal with Bank Windhoek
Andrada Mining announced a financing deal through subsidiary Uis Tin Mining Company (UTMC) Tuesday, with Bank Windhoek.
Majestic Wine in talks to buy Vagabond Wines - report
Majestic Wine is reportedly in advanced talks to buy Vagabond Wines, the London-based chain that filed notice of its intention to appoint administrators earlier this month.
Antofagasta signs $2.5bn loan deal to build Centinela concentrator
Antofagasta said it had secured a loan deal to finance construction of a $2. 5bn second concentrator at its Centinela mine in Chile.
Cohort wins £16m systems contract in Australia
Cohort announced a landmark contract through its subsidiary Chess Dynamics on Tuesday, valued at £15. 7m, with BAE Systems Maritime Australia for the provision of the advanced Sea Eagle surveillance systems.
Fintel earnings rise as it expands through acquisitions
Financial technology and support specialist Fintel reported a 5. 6% increase in adjusted EBITDA in its 2023 results on Tuesday, to £20. 5m, with a margin improvement to 31. 5%.
Team Internet acquires Shinez in $42m deal
Digital marketing specialist Team Internet Group announced the acquisition of Shinez and its subsidiaries on Tuesday to strengthen its portfolio and presence in the online marketing sector.
Mortgage Advice Bureau maintains dividend after mixed year
Mortgage Advice Bureau said in its final results on Tuesday that despite a challenging environment, it achieved a revenue increase of 3. 8% in 2023 to £239. 5m, and a notable 11. 5% rise in gross profit, reaching £70. 2m.
AstraZeneca to buy US-listed Fusion Pharma for $2bn
AstraZeneca said it had agreed to buy biopharmaceutical company Fusion Pharmaceuticals for up to $2bn.
Boku profit before tax surges 178pc in 2023
Mobile payments specialist Boku reported a 30% jump in revenue in its 2023 results on Tuesday, to $82. 7m, up from $63. 8m in the prior year, with significant contributions from digital wallets and account-to-account (A2A) connections, which soared by 153% to $16. 9m.
Tesco loses appeal over Lidl trademark infringement
Tesco, the UK's largest retailer, faced defeat in an appeal regarding a trademark infringement case brought against it by the privately-held limited assortment discounter Lidl, it emerged on Tuesday.
Midwich reports highest-ever gross profit margin
Audio-visual specialist distributor Midwich Group reported a revenue increase of 7. 1% in its full-year results on Tuesday, to £1. 29bn, up from £1. 2bn in 2022.
German business sentiment improves in March - ZEW
German business sentiment improved in March, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Revenue, earning rise substantially for Yu Group
Corporate gas and electricity provider Yu Group reported a 65% increase in revenue in its final results on Tuesday, to £460m in 2023, up from £278. 6m in the prior year.
Atalaya earnings rise on back of lower operating costs
Atalaya Mining reported a solid increase in copper production in its results for 2023 on Tuesday, reaching 51. 7 thousand tonnes at cash costs of $2. 79 per pound and an all-in sustaining cost of $3. 09 per pound.