Company News
Tuesday preview: UK employment, China activity data in the spotlight
Investors' focus on Tuesday will be on the UK February employment report.
EnergyPathways reports progress on Marram gas project
EnergyPathways updated the market on its operational and strategic progress at the Marram gas project on Monday, saying it expected the outcome of its outstanding licence applications in the first half of this year.
Audioboom swings to FY loss as revenues fall
Podcasting group Audioboom headed south after reporting a fall in full-year revenues and swinging to an underlying loss as a result of a "soft advertising market", constrained by macroeconomic headwinds.
Corcel to shift exploration focus amid nitrogen shortage
Angola-focussed energy explorer and producer Corcel updated the market on progress at the Tobias Field reactivation on Monday, in Block KON-11 within the Kwanza Basin, where it holds a 20% working interest, or 18% ne.
PageGroup shares slump on weaker Q1 profits as jobs market stagnates
PageGroup shares slumped on Monday after the recruitment firm reported lower first-quarter gross profit and cut 100 jobs itself as employers in its key markets slowed hiring rates.
Inchcape to exit UK retail and return £100m to shareholders
Shares in Inchcape raced ahead on Monday after the automotive distributor announced the disposal of its UK Retail operations to Group 1 Automotive UK for £346m.
BNP Paribas to buy 9% stake in Ageas
French banking giant BNP Paribas announced on Monday that it is buying a 9% stake in Belgian insurer Ageas from Chinese conglomerate Fosun Group for €730m.
Mitie shares surge on profit upgrade, £50m buyback
Mitie shares soared on Monday as the cleaning-to-security services outsourcer upgraded its annual profit forecast and launched an extra £50m share buyback on the back of record revenues.
CyanConnode gets big order from IntelliSmart
Narrowband radiofrequency and smart mesh network technology specialist CyanConnode announced receiving an order for 265,331 Omnimesh modules from Madhyanchal One Infrastructure on Monday, a subsidiary of IntelliSmart Infrastructure.
Revenue slips but gross profit rises at Engage XR
Engage XR reported total 2023 revenue of €3. 7m in its final results on Monday, down slightly from €3. 9m year-on-year.
Seed Innovations gets £2.4m balance from Leap Gaming sale
Health, wellness and medical cannabis investor Seed Innovations announced the receipt of £2. 4m (€2. 76m) from the final instalment of the sale proceeds of its portfolio company Fralison Monday, which operated as Leap Gaming.
HgCapital invests £21.3m into Focus Group
HgCapital Trust announced an investment in prominent UK essential business technology provider Focus Group on Monday.
Kainos profit before tax set to meet expectations
Digital services and IT provider Kainos Group said in an update on Monday that it expected solid revenue growth and robust growth in adjusted profit before tax for the financial year just ended.
Ashmore reports $2.1bn fall in assets under management
Specialist emerging markets asset manager Ashmore said in an update on Monday that assets under management decreased by $2. 1bn in the March quarter, which it attributed to negative investment performance of $0. 1bn and net outflows of $2bn.
Ceres Power says it's on track for a 'strong' 2024
Ceres Power posted higher full-year sales and gross profits and said that it was on track for a "strong" 2024.
Sanderson Design renews, expands licensing deal with Blinds 2go
Sanderson Design Group announced the renewal and expansion of its licensing agreement with Blinds 2go, an e-commerce entity specialising in made-to-measure blinds, curtains, and shutters, on Monday.
Sirius Real Estate flags decent year despite macro challenges
Business and industrial park specialist Sirius Real Estate said in an update on Monday that, despite prevailing macroeconomic challenges, it achieved a 8. 2% increase in overall rent roll in the financial year just ended, or 7. 2% on a like-for-like basis.
Great Portland Estates inks lease with fashion brand Represent
Great Portland Estates announced on Monday that British luxury brand Represent had agreed to open its new London flagship store at the company’s 135/141 Wardour Street property in Soho.
Kingfisher chair to step down in June
B&Q and Screwfix owner Kingfisher has announced that chair Andrew Cosslett will step down after seven years at the helm of the board.