Company News
Friday preview: China activity data, Land Securities in focus
The market spotlight at the end of the week will shift to Asia Pacific.
GSK to sell remaining 4.2% stake in Haleon
GSK said on Thursday that it plans to sell its entire remaining 4. 2% stake in Haleon.
H&T Group trading as expected in year-to-date
Pawnbroker and jewellery retailer H&T Group said in an update on Thursday that its trading performance since the start of the year had been in line with expectations, marked by strong demand for pledge loans.
Ilika losses narrow in year of progress
Solid-state battery technology developer Ilika reported full-year growth in a trading update on Thursday, alongside significant advancements in its ‘Stereax’ manufacturing and ‘Goliath’ product development.
Michelmersh reports positive order momentum
Specialist brickmaker Michelmersh reported continued positive order intake momentum in an update on Thursday, aligning with market expectations.
M&C Saatchi trading in line, agrees sale of Swiss operation
M&C Saatchi continued positive momentum from the second half of 2023 in a trading update on Thursday, with overall performance in line with expectations.
Quantum Blockchain settles with some Sipiem defendants
Quantum Blockchain Technologies announced a significant development in its ongoing legal case involving its wholly-owned subsidiary Clear Leisure 2017, and Sipiem in Liquidazione, on Thursday.
AIG sells $3.8bn stake in Corebridge to Nippon Life
American insurance giant AIG on Thursday announced the sale of a 20% stake in retirement and insurance firm Corebridge Financial to Japanese peer Nippon Life for $3. 8bn.
Secure Trust Bank reports positive first quarter
Specialist lender Secure Trust Bank reported a positive first quarter in a trading update on Thursday, with growth in net lending balances and progress in cost-saving initiatives under Project Fusion.
Watches of Switzerland shares surge on 'cautiously optimistic' outlook, Q4 sales
Shares in Watches of Switzerland surged 15% on Thursday as the luxury timepiece retailer said it was “cautiously optimistic” about future trading after a 4% rise in sales in the final quarter of its financial year driven by a strong performance in the US.
Chevron preparing to sell UK North Sea oil and gas assets - report
Chevron is reportedly set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the US energy firm’s exit from the ageing basin after more than 55 years.
Thames Water's biggest shareholder withdraws from board
Thames Water’s largest shareholder has withdrawn its representative from the crisis-hit utility's board, it was confirmed on Thursday.
EC launches formal probe into how Meta protects minors
The European Commission has launched formal proceedings to investigate whether Meta may have breached the Digital Services Act (DSA) through how it treats and protects minors on Facebook and Instagram.
Angle reports promising results from Parsortix study
Angle, the AIM-listed liquid biopsy company which specialises in circulating tumour cell (CTC) solutions, has announced the results of a clinical study which show that its Parsortix system could be used to predict progression-free survival in patients with ovarian cancer.
Accsys Technologies CFO departs after 13 months
AIM-listed Accsys Technologies has announced that its chief financial officer is leaving the wood products group after just a year in the role.
US healthcare firm AOTI planning £160m London float - report
US woundcare technology developer AOTI is reportedly preparing to push the button on a London stock market flotation next month.
Roche sees positive results from weight-loss trials
Roche reported positive trial results for its experimental weight loss treatment on Thursday, sending shares in the Swiss drugs group higher.
Tullow Oil on track to hit production and cash flow guidance
Tullow Oil has said it's on track to deliver full-year guidance and remains well placed to capitalise on a higher oil-price environment.
Costain YTD trading in line with internal expectations
Construction and engineering company Costain said on Thursday that its year-to-date trading performance was in line with internal expectations, with the group continuing to have "a high-quality forward work position".
United Utilities FY profits grow amid Windermere sewage spill controversy
United Utilities said on Thursday that both revenue and operating profits had grown in the twelve months ended 31 March as it continues to be engulfed in a massive sewage spill controversy.