Company News
UK retail footfall falls sharply in April
Retail footfall fell sharply in April, industry data showed on Friday, hit by poor weather and the early timing of Easter.
Goldman Sachs to scrap bonus cap for UK dealmakers
Goldman Sachs will remove a cap on bonuses for its London-based staff, according to Sky News, with the firm now set to resume making multi-million-pound payouts to its top-performing traders and dealmakers.
Gazprom swings to $6.9bn loss as Europe sales plunge
Russia's natural gas heavyweight Gazprom swung to huge loss in 2023 after sales to Europe dropped due to Western sanctions on Moscow.
Peloton announces CEO departure; to cut 15% of workforce
Peloton announced the departure of its chief executive on Thursday, alongside plans to cut around 15% of its workforce amid a restructuring programme aimed at reducing annual expenses by more than $200m.
Moderna bets big on RSV vaccine as full-year guidance unchanged
Moderna saw its share price surge on Thursday after posting a smaller-than-expected quarterly loss as the Covid vaccine maker sets its sights on regulatory approvals of its second product later in the year.
Lords Group extends £95m lending facility
Building materials distributor Lords Group announced an extension to its current £95m lending facilities on Thursday.
London cabbies launch £250m legal action against Uber
Uber Technologies is facing legal action on behalf of more than 10,500 London black cab drivers, it was confirmed on Thursday.
Friday preview: U.S. non-farm payrolls, Trainline in the spotlight
The market spotlight on Friday will revert back to the U. S. jobs market, as it does early each month.
ArcelorMittal smashes profit forecasts in first quarter
Luxembourg-based steel titan ArcelorMittal beat forecasts with its first-quarter profits on Thursday as it painted a positive outlook for global steel demand.
AstraZeneca reports positive results from blood cancer drug trial
AstraZeneca has reported positive results from the use of its Calquence drug in a clinical trial to treat a rare type of blood cancer.
Personal Group sustains momentum through first quarter
Personal Group said in an update on Thursday that it had sustained positive momentum throughout the first quarter of the year, driven by enhancements in leadership and streamlined operational processes.
Co-op Bank transformation plan 'materially complete' ahead of agreed merger
The Co-operative Bank said on Thursday that its transformation plan was "materially complete" ahead of its agreed merger with Coventry Building Society.
Shell beats estimates as profit hits $7.7bn, unveils $3.5bn buyback
Oil and gas giant Shell on Thursday reported much better-than-expected first-quarter earnings on the back of higher margins from crude and oil products trading and also unveiled a new $3. 5bn share buyback.
LifeSafe shares jump on new deal with Trinity
Fire technology company LifeSafe announced a significant agreement with Trinity Fire & Security Systems on Thursday, involving the supply of LifeSafe's latest line of fire extinguishers filled with multi-purpose fluid, specifically designed to combat various types of fires including lithium-ion battery fires.
Revolution Bars confirms takeover talks with Nightcap
Revolution Bars confirmed on Thursday that it has held "an exploratory meeting" with Piano Works owner Nightcap about a range of possible transactions, including a potential takeover.
BHP deploys team to SA to woo officials over Anglo deal - report
BHP has reportedly deployed a team of senior executives to South Africa as it ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American.
Hugo Boss shares tank as APAC sales miss forecasts
Shares in Hugo Boss tanked on Thursday despite first-quarter results beating forecasts, as the German fashion group reported falling sales in the key market of China.
Maersk lifts profit guidance, expects Red Sea disruption to continue
Danish shipping and logistics giant A. P. Møller – Mærsk has lifted its 2024 profit guidance, saying that Red Sea disruptions are likely to continue for the rest of the year.
ING to return €2.5bn to shareholders
Dutch lender ING Groep said on Thursday that it will return €2. 5bn to shareholders following a "very strong" first quarter.
Universal artists to return to TikTok
Universal Music Group has ended its boycott of social media platform TikTok after the two groups struck a new licensing deal.