Company News
Director dealings: Literacy Capital director makes share purchase
Literacy Capital revealed on Tuesday that director Christopher Sellers had acquired 17,500 ordinary shares in the London-listed investment company.
CVC Capital Partners eyeing €15bn float - report
Private equity firm CVC Capital Partners could launch a stock market flotation as early as next week, it emerged on Tuesday.
Thames Water Kemble's debt rating downgraded to 'C' by Fitch
The parent company of struggling utility Thames Water has had its debt downgraded to 'C' from 'CC by ratings agency Fitch after it failed to make a £190m loan repayment last week.
Motel One prepares for IPO as founder retakes control
London private equity group Proprium Capital Partners has offloaded its shareholding in Motel One back to the German low-cost hotel chain’s founder in a deal worth €1. 25bn.
Diaceutics appoints new VP of marketing
Diaceutics, a technology and solutions provider catering to the pharmaceutical and biotech industry, announced the appointment of Amie Mc Neice as vice-president of marketing on Tuesday.
Wednesday preview: US CPI, Fed meeting minutes in focus
Investors' focus in the middle of the week will be squarely on the latest inflation data due out in the States.
Wildwood operator Tasty to shut around 20 sites in restructuring
Restaurant operator Tasty said on Tuesday that it was planning to close around 20 loss-making sites as part of a restructuring, as it continues to "navigate through challenging times".
Frasers, Next interested in Ted Baker’s European retail arm - report
Mike Ashley’s Frasers Group and Next have reportedly expressed an interest in purchasing Ted Baker’s stricken European retail arm.
Concurrent Technologies unveils new VME processor board
Concurrent Technologies unveiled the latest addition to its VME range of embedded processor boards on Tuesday, dubbed ‘Rhea’.
Boku authorised as Payment Aggregator in India
Mobile payment technology specialist Boku announced on Tuesday that the Reserve Bank of India (RBI) had granted full authorisation to its Indian entity, Boku IN, to operate as a ‘Payment Aggregator’.
Pantheon Resources shares jump on updated independent report
Pantheon Resources shares jumped on Tuesday morning, after it announced the findings of its updated independent expert report (IER).
Botswana Diamonds set to use AI to analyse database
Botswana Diamonds announced plans to integrate artificial intelligence (AI) techniques into its extensive Botswana database on Tuesday.
Macquarie emerges as a lender to Thames Water parent
Australian investment bank Macquarie emerged as one of the lenders involved in Thames Water's financial struggles on Tuesday, seven years after its ownership of the utility ended.
Central Asia Metals reports 'good start' to 2024
Central Asia Metals updated the market on operations in its first quarter on Tuesday, at the Kounrad copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia.
Impax reports rise in quarterly assets under management
Impax Asset Management said in its second-quarter update on Tuesday that its total assets under management had reached £39. 6bn by 31 March, reflecting a 1. 3% increase over the three-month period.
Renew subsidiary acquires Route One
Engineering services group Renew Holdings has acquired specialist engineering business Route One via its Carnell Group subsidiary for an enterprise value of £5. 0m.
BP sees higher Q1 upstream production
Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.
Karelian Diamond Resources reveals promising analysis results
Karelian Diamond Resources revealed promising results from the electron microprobe analysis of Kimberlitic garnets extracted from till samples on Tuesday.
Atos shares drop as IT firm seeks €1.2bn to pay down debt
Shares in struggling French IT and consulting business Atos dived on Tuesday after the company announced it as raising €1. 2bn in new debt and equity as it attempts to slash its leverage position and lower debt.
Loungers makes two senior management appointments
Hospitality operator Loungers announced two senior management appointments on Tuesday to facilitate its continued growth.