Company News
Thursday preview: Bank of Engand, M&G in focus
Investors' focus on Thursday will be firmly on the Bank of England's interest rate decision.
Director dealings: BAE Systems chair makes share purchase
BAE Systems revealed on Wednesday that chair Cressida Hogg had acquired 13,698 ordinary shares in the FTSE 100-listed weapons manufacturer.
Shepherd Neame toasts jump in half-year sales
Pubs and brewing group Shepherd Neame reported a jump in half-term sales and earnings on Wednesday, as inflationary pressures started to ease.
FDM Group warns on full year, shares tumble
FDM Group tumbled on Wednesday as it warned that its 2024 financial performance was likely to be "materially below" its earlier expectations amid soft market conditions.
Boeing sees bigger Q1 cash burn as 737 output cut
Troubled US plane maker Boeing on Wednesday said it would burn more cash in the first quarter than expected as it slowed production of its 737 passenger model after a panel blew off an Alaska Airlines flight in January.
Transense installs Ryan Maughan as new managing director
Transense Technologies named Ryan Maughan as its new managing director on Wednesday, effective immediately.
General Mills beats quarterly estimates, shares spark
US food giant General Mills reported better-than-expected quarterly numbers on Wednesday, boosted by higher prices and market share gains.
Prudential shares drop despite profit beat and bullish outlook
Shares in Prudential tanked on Wednesday despite the insurance giant saying it is "increasingly confident" in meeting its long-term targets following a strong 2023, during which new business profits jumped by almost a half.
Europe open: Down on Fed, while Kering warning hits luxury shares
European shares fell slightly at the open on Wednesday as investors awaited the outcome of the Federal Reserve's policy meeting for more clues when the central bank might cut US rates later this year, while shares in luxury goods were down on a sales warning from Gucci owner Kering.
Intel secures nearly $20bn in federal funding to build new chip plants
Chip giant Intel saw shares rise strongly in pre-market trade on Wednesday after it announced the receipt of nearly $20bn from the government as part of its plans to invest more than $100bn over the next five years, creating 10,000 new jobs across four sites in the US.
Netcall secures significant contract renewal
Netcall announced a significant contract renewal with an unnamed transportation company on Wednesday, with the £7. 6m five-year contract extension effective from 1 April reflecting a £0. 4m annual increase compared to the original agreement.
Mike Ashley to act as advisor to Hornby
Retailer Mike Ashley is to act as an adviser to Hornby, it was confirmed on Wednesday, after the tycoon’s Frasers Group boosted its stake in the model specialist.
IQGeo tops expectations in full-year results
Geospatial technology company IQGeo reported a set of results exceeding market expectations for 2023 on Wednesday, achieving a record order intake of £57. 2m, representing 40% growth compared to the prior year.
Anpario confident despite fall in revenue, earnings
Animal feed additives specialist Anpario reported revenue of £31m in its final results on Wednesday, down 6% year-on-year.
Poolbeg Pharma to be granted US patent
Biopharmaceutical company Poolbeg Pharma announced on Wednesday that it has received a notice of allowance from the US Patent Office regarding its immunomodulator II patent application.
Luxury stocks slide after Kering warns on profits
Shares in Gucci-owner Kering tumbled on Wednesday, after the French luxury group warned on profits.
Abingdon Health to launch two Boots-branded self-tests
Lateral flow test specialist Abingdon Health announced a partnership with Crest Medical on Wednesday, to introduce Boots' own-brand rapid self-tests across the UK and online.
EKF Diagnostics revenues, gross profits fall as expected
EKF Diagnostics reported revenue of £52. 6m in its final results on Wednesday, aligning with market projections, although lower than the prior year's figure of £66. 6m.
CleanTech pilot plant starts operations in Chile
CleanTech Lithium announced the start of operations at its pilot plant on Wednesday, marking a significant milestone in its advancement of lithium projects in Chile.
Equals Q1 revenues grow, granted extension to PUSU deadline
Financial services company Equals Group said on Wednesday that revenues had grown by more than a quarter in the first three months of its fiscal year as a result of "robust" trading across the business, with particularly strong growth from its solutions unit.