Company News
Ethernity reports positive discussions with potential customers
Networking processing semiconductor technology specialist Ethernity Networks said in an update on Thursday that, throughout the year to date, it had engaged positively with several potential new customers, including two OEM vendors.
Thames Water in crisis as investors pull £500m bailout
Struggling UK utility Thames Water faced a funding crisis on Thursday as shareholders pulled a £500m bailout after regulators refused its demands to hit customers with massive price hikes, greater leniency for polluting waterways and pay out higher dividends, while its parent company also admitted it couldn't pay back a £190m loan.
Simec Atlantis gets first £5m under EL land sale deal
Simec Atlantis Energy confirmed the receipt of the first £5m milestone payment under its agreement with EL Uskmouth, a subsidiary of FPC Electric Land, on Thursday.
Walgreens Boots Alliance grows Q2 sales but cuts profit target
Shares in American retail pharmacy chain Walgreens Boots Alliance rose on Thursday despite the company cutting its annual targets due to challenging conditions in the US, as sales in its second quarter came in ahead of expectations.
Pantheon Resources reports planning and funding progress
Pantheon Resources reported progress in its development planning and funding initiatives in an update on Thursday.
Kitwave buys Total Foodservice in £21m deal
Wholesaler Kitwave announced the acquisition of Total Foodservice Solutions on Wednesday, an independent food wholesaler operating in the North of England.
MediaZest reports continued robust trading
Audio-visual specialist MediaZest said in an update on Thursday that, as explained in its full-year results earlier this month, it had seen a significant increase in activity during the final quarter of the last financial year ended 30 September.
James Latham revenue still in line with forecasts
James Latham said in a trading update on Thursday that fiscal year revenue had remained in line with market forecasts, with stable cost prices seen for both timber and panels.
Hutchmed cancer treatment indication accepted for review in China
Hutchmed China announced a significant milestone in its cancer treatment work on Thursday, with the supplemental new drug application (sNDA) for savolitinib had been accepted for review by the China National Medical Products Administration (NMPA).
Home Depot to buy SRS Distribution in $18.25bn deal
Home Depot said on Thursday that it has agreed to buy SRS Distribution, a residential specialty trade distribution company, for around $18. 25bn.
JD Sports shares up despite 'challenging' market, January sales slip
JD Sports Fashion shares jumped on Thursday as investors breathed a sigh of relief that a trading update essentially reaffirmed guidance after a profits warning in January, despite continuing “challenging” trading and flat like-for-like fourth-quarter sales.
AO World sees FY profit 'at least' at top end of guidance
Electrical retailer AO World said on Thursday that FY24 adjusted pre-tax profit was set to be "at least" at the top end of the guided range of £28m to £33m.
Idox trading as expected in year-to-date
Information management and geospatial software specialist Idox said in a trading update on Thursday that its operational and financial performance had remained in line with the board's expectations in the financial year to date, instilling confidence in its outlook.
3i Infrastructure expects to hit targets with annual results
Infrastructure investment group 3i Infrastructure said trading towards the end of its financial year has been in line with expectations with its portfolio performing well and delivering strong earnings growth.
Quiz announces board changes amid subdued trading
Shares in clothing retailer Quiz were sliding on Thursday morning, after it reported continued subdued trading alongside significant changes to its board, as part of a strategic review.
International Public Partnerships manages 5pc dividend growth
Infrastructure investment company International Public Partnerships reported full-year dividend growth of 5% in its full-year results on Thursday, to 8. 13p per share, in line with the increased dividend target it had set earlier.
Capricorn Energy announces $50m special divi alongside results
Capricorn Energy announced plans for a proposed $50m special dividend alongside its full-year results on Thursday.
888 reaches deal to sell US B2C operations for undisclosed amount
Gambling group 888 has announced that it is selling its B2C operations in the US to online sports betting and interactive gaming company Hard Rock Digital after a strategic review of the business.
UK regulator decides against in-depth probe of Aviva/AIG deal
Britain's Competition and Markets Authority on Thursday said it would not open an in-depth investigation into Aviva's £460m acquisition of AIG Life UK.
Keysight outbids Viavi in £1.2bn takeover of Spirent Communications
Keysight Technologies has reached a deal to buy Spirent Communications for £1. 16bn, outbidding US peer Viavi Solutions which had already agreed to take over the UK telecoms group earlier this month.