Company News
Director dealings: Brickability director lowers stake
Brickability revealed on Thursday that non-executive director Clive Norman had disposed of 400,000 ordinary shares in the AIM-listed building materials company.
Light Science Technologies shares jump on South Africa deal
Shares in Light Science Technologies Holdings (LSTH) surged on Thursday after the AIM-listed company signed an exclusive distribution agreement to market and sell its nurturGROW vertical farming lights in South Africa.
Blackstone leads Hipgnosis race as Concord says no encore
Private equity giant Blackstone appeared to have emerged as the winner in the race to buy troubled music rights owner Hipgnosis Songs Fund after Apollo-backed Concord said its latest $1. 25-a-share offer was final.
BAE holds guidance, sees boost from global tensions
Weapons maker BAE Systems held annual guidance and said global geopolitical tensions should boost orders as countries increased defence spending.
Eckoh FY adjusted operating profits 'marginally ahead' of expectations
Data security solutions business Eckoh said on Thursday that adjusted operating profits were "marginally ahead of market expectations" in the year ended 31 March despite seeing full-year revenues decrease.
Nissan profits jump 92%, but China sales fall
Motor manufacturer Nissan said annual profit jumped 92% to 426. 6 billion yen (£2. 1bn), driven by higher sales in all major global markets except China.
Tertiary Minerals moves towards operations at Mupala
Tertiary Minerals announced on Thursday that its Environmental Project Brief (EPB) for the Mupala Copper Project in Zambia had been approved, paving the way for mineral exploration activities to start.
Syncona reports positive findings from investee Freeline
Life science investor Syncona reported positive findings from its portfolio company Freeline Therapeutics on Thursday, after a phase one and two study of its gene therapy candidate for Gaucher disease, ‘FLT20’, showed encouraging results.
Triple Point reviewing investment management arrangements
Triple Point Social Housing announced an independent review of its investment management arrangements on Thursday, in a bid to enhance shareholder value.
IP Group's Hysata completes $111m series B funding
IP Group announced the completion of a $111m series B funding round by its Australian portfolio company Hysata on Thursday.
PetroTal sales, production meet first-quarter forecasts
PetroTal said in an update on Thursday that sales and production in its first quarter averaged 18,347 and 18,518 barrels of oil per day respectively, marking its second-best quarter to date and aligning with guidance.
Avon Protection inks £38m contract with UK MoD
Avon Protection announced a contract with the UK Ministry of Defence (MoD) on Thursday, for the provision of General Service Respirators (GSR) and associated in-service support.
HgCapital reports robust first-quarter performance
HgCapital Trust reported a robust first-quarter portfolio performance on Thursday, resulting in a total return net asset value (NAV) increase of 3% to reach a NAV per share of £5. 11, totaling £2. 3n in net assets.
Clarksons still upbeat despite tough conditions for investment banking
Clarksons, which provides services and investment banking to the shipping industry and offshore markets, has said it made a positive start to the year and that full-year expectations remain unchanged despite "challenging" conditions in the financial division.
Uniphar upbeat after successful 2023
Uniphar said in an update on Thursday that 2023 was a successful year, as it doubled its 2018 pro-forma EBITDA, ahead of the timeframe it laid out at its initial public offering.
BBVA makes hostile takeover bid for Banco Sabadell
Spanish banking group BBVA has proposed a hostile takeover of smaller peer Banco Sabadell, taking its €12. 2bn offer directly to shareholders after the latter's board rejected an approach earlier this week.
Keras Resources restarts activities at Nayega mine
Keras Resources announced the resumption of activities at the Nayéga manganese mine in Northern Togo on Thursday, after signing a cooperation agreement with the Republic of Togo on 17 May.
Telefónica maintains outlook after Q1 beat
Spanish telecoms giant Telefónica has reiterated its full-year outlook after a better-than-expected first-quarter performance, with net income rising almost 80% on the year before.
Q1 production levels rise at Genel Energy
Iraq-focused oil explorer Genel Energy said its first-quarter performance was ahead of schedule with the business in a "robust financial position".
Rathbones Group makes 'positive start' to FY24
Wealth manager Rathbones said on Thursday that it had made a "positive start" to FY24, partly due to its merger with Investec Wealth & Investment back in 2023.