Company News
Tuesday preview: US durable goods orders, Softcat in the spotlight
Investors' focus on Tuesday will be on a raft of economic reports due out in the States.
Oriole Resources announces fresh drilling plans in Cameroon
West Africa-focussed gold explorer Oriole Resources announced plans for a phase five diamond drilling programme at its Bibemi orogenic gold project in Cameroon on Monday, scheduled to start in the second quarter.
Orosur inks deal to buy back full share in Anza Project
Orosur Mining updated the market on its Anzá Project in Colombia on Monday, the centrepiece of an exploration agreement with Minera Monte Águila (MMA), a joint venture equally owned by Newmont and Agnico Eagle Mines.
Abingdon Health progresses at-home STD test programme
Abingdon Health updated the market on the development of self-tests for sexually transmitted diseases (STDs) on Monday, announcing the completion of the 'design freeze' stage for four key tests in collaboration with Devyn.
Kingfisher issues profit warning on weaker French DIY market
B&Q owner Kingfisher on Monday warned current-year profit would fall short of expectations after it posted weaker earnings for 2023-24 as the home improvement market continued to lag behind demand for housing.
Sondrel strikes deal for next phase of video chip contract
Chip specialist Sondrel announced on Monday that it has successfully concluded negotiations for a material design and supply contract, as first announced on 27 February.
Boeing chief executive, board chair both stepping down
Boeing announced a series of changes within its board and management on Monday, with Dave Calhoun announcing his resignation, as the aerospace giant navigated turbulence around its 737 MAX product.
Mobico shares slump as Nat Express owner warns on profit
Shares in National Express owner Mobico slumped on Monday after the transport company issued a profit warning and said its annual results would be delayed further due to auditing issues at its German rail business.
Gamma Communications hikes dividend after year of growth
Gamma Communications reported an 8% increase in revenue in its final results on Monday, reaching £521. 7m, and a similar 8% growth in gross profit to £267. 2m.
Central Asia Metals confident despite fall in revenue, earnings
Central Asia Metals reported a decrease in gross revenue in its 2023 results on Monday, to $207. 4m, down from $232. 2m in the prior year.
Novo Nordisk snaps up CVD specialist Cardior Pharmaceuticals
Danish pharma giant Novo Nordisk has announced it is spending just over a billion euros to take over heart treatment specialist Cardior Pharmaceuticals.
Ocado facing opposition to £15m bonus for Tim Steiner
Ocado fell on Monday following a report over the weekend suggesting the company is under pressure over executive pay after an influential proxy adviser urged shareholders to vote against a new bonus scheme that could see boss Tim Steiner paid as much as £14. 8m.
Ofgem looking into more 'dynamic' energy price cap
Ofgem announced a consultation to refine the energy price cap on Monday, ibn a bid to ensure ongoing customer protection amidst the evolving energy market landscape.
Apple, Meta, Alphabet face EU probe under digital markets law
The European Union said it had started investigations into Google owner Alphabet, Apple and Meta over potentially uncompetitive practices.
BioVentix revenue, earnings rise in first half
Monoclonal antibody specialist BioVentix reported a 13% rise in first-half revenue on Monday, to £6. 7m, compared to £5. 9m in the prior year.
Lexington Gold makes progress in US, South Africa
Lexington Gold updated the market on its ongoing drill programmes at the Jennings-Pioneer project in the US and the Bothaville project in South Africa on Monday.
Ferrexpo court dates delayed as operations continue
Ferrexpo updated the market on the proceedings involving its subsidiary Ferrexpo Poltava Mining (FPM) on Monday.
Henry Boot predicts brighter future but expects "lag" in performance
UK-listed property developer Henry Boot has said that, while it expects macro conditions to improve this year, the company will see a "lag" in performance with results likely to be weighted to the second half.
Octopus Renewables Infrastructure Trust ups divi despite drop in NAV
Octopus Renewables Infrastructure Trust (ORIT), the clean energy investment fund of Octopus Energy Group, reported a small drop in net asset value in 2023, but still upped its payouts to shareholders after what it deemed a "resilient" performance.
Wise appoints new finance chief
Wise announced the appointment of Emmanuel Thomassin as its new chief financial officer and director Monday.