Company News
Motors.co.uk said to be circling Cazoo Group
Privately owned used-car platform Motors. co. uk is reportedly circling Cazoo Group, which is on the brink of administration.
Honda guides to profit decline this year as sales stall
Japanese carmaker Honda said that annual profits are expected to fall after a huge jump in the year just gone, with currency movements and rising costs estimated to weigh on the bottom line.
Novavax signs $1.2bn Covid-19 licensing deal with Sanofi, shares rocket
Shares of US biotech firm Novavax rocketed on Friday after it signed a $1. 2bn licensing agreement with French pharmaceutical group Sanofi to commercialise its Covid-19 vaccine from next year.
IAG sees strong summer demand as Q1 profits take off
British Airways owner IAG said it was "well positioned" for the summer after posting a huge rise in first quarter profit on the back of strong leisure travel demand, especially over the Easter holidays.
Artemis raises AUD 2.9m to fund further exploration
Artemis Resources announced on Friday that it has successfully secured firm commitments for a capital raising of AUD 2. 87m (£1. 51m), priced at AUD 0. 01275 per share, with significant support reported from both sophisticated and institutional investors.
Polarean shares jump on MRI system order
Advanced MRI technology specialist Polarean Imaging shares were surging on Friday, after receiving its second de novo order for a new Xenon MRI System from the University of Alabama at Birmingham (UAB) Hospital.
Ascent upbeat on progress as Lisbon Valley gas and helium investment
Ascent Resources updated the market on operations in its investment into GNG Partners, the owner of the 60 million standard cubic feet Lisbon Valley gas and helium processing plant in Utah, on Friday.
FRC makes final decisions in KPMG's Carillion audit failures
The Financial Reporting Council (FRC) announced historic penalties against KPMG and two former partners on Friday, in its final decision round audit failures linked to the collapsed Carillion.
NextEnergy Solar extends £70m Santander credit facility
NextEnergy Solar Fund announced the extension of its existing £70m short-term revolving credit facility (RCF) with Santander on Friday.
Ultimate Products warns of continued trading weakness
Ultimate Products reported further weakness in third-quarter trading on Friday, as consumer demand reportedly remained weak.
88 Energy announces 2D seismic contract in Namibia
88 Energy announced the awarding of a contract for a 2D seismic acquisition programme for its PEL 93 licence in Namibia on Friday.
Dekel reports solid year-to-date palm oil production
Dekel Agri-Vision reported a solid set of production numbers for April at its Ayenouan palm oil project in Côte d'Ivoire on Friday.
Celadon Pharmaceuticals raises £2.1m for working capital
Medical cannabis specialist Celadon Pharmaceuticals announced on Friday that it has raised £2. 1m to provide it with additional working capital.
TT Electronics reiterates FY outlook, YTD revenues down 2%
Electronic components TT Electronics reiterated its full-year outlook on Friday despite "continuing global macroeconomic uncertainty".
S4 Capital reports weaker first quarter, as expected
Digital advertising and marketing services company S4 Capital reported a decline in net revenue in its first quarter on Friday, which it put down to ongoing client caution and a decrease in activity within its technology services segment.
Cairn Homes maintains guidance as demand stays strong
Irish homebuilder Cairn Homes has reiterated its full-year guidance after a strong start to the year, saying demand for new homes remains "exceptionally high", as it reported a forward order book of more than €1bn.
C&C backs guidance as it delays FY results
Bulmers, Magners and Tennent’s owner C&C Group reaffirmed its annual guidance on Friday as it said full-year results will be delayed as additional time is needed to complete a review of certain non-cash accounting measurements relating to previous financial periods.
CRH revenues rise as strong NA growth offsets weakness in Europe
London-listed shares in CRH rose on Friday after the builders' merchant said it made a solid start to 2024 in the seasonally least significant quarter, with revenues rising on the back of positive pricing, early-season activity and favourable weather in key markets.
Bytes Technology appoints Sam Mudd as permanent CEO
Bytes Technology Group announced the appointment of Sam Mudd as its permanent chief executive officer on Friday, as it also welcomed two independent non-executive directors to its board.
TBC Bank in £22m share buyback as Q1 profits jump
Georgia's TBC Bank reported higher first-quarter profit as net interest income jumped 21%, driven by higher interest rates and a "dynamic" loan book as it also launched a 75 million Georgian lari (£22. 4m) share buyback.