Company News
AIM-listed MicroSalt disappoints with maiden results
Shares in low-sodium salt maker MicroSalt tanked on Thursday after reporting higher losses and flat sales in 2023 in its maiden annual results as a listed company.
Dr Martens shares up on guidance hold, £25m savings plan
Shares in Dr Martens jumped as investors breathed a sigh of relief that trading at the troubled bootmaker had not gotten any worse since a profit warning last month, with guidance held and a new £25m cost-cutting plan offsetting a slump in annual revenue and operating profit as its US woes continued.
Friday preview: US, euro area inflation data in focus
All eyes at the end of the week will be on the latest inflation data out of the States, not least given the ongoing grind higher in government bond yields.
Xtract Resources shares jump on JV expansion in Zambia
Xtract Resources saw its stock rise by a tenth on Thursday after the brownfield-focused mining company announced the addition of three large-scale exploration licences through its joint venture in north-west Zambia.
Insig AI shares surge on new deal, boardroom shake-up
The share price of data science and machine learning business Insig AI jumped on Thursday after the company announced a strategic partnership with an Estonian AI and blockchain company, as well an immediate shake-up of its board.
TSB customers hit by online banking outage
TSB Bank customers were left unable to access their accounts on Thursday after the lender’s mobile banking app temporarily went down.
Frasers closing in on deal to take control of Ted Baker’s UK arm - report
Mike Ashley's Frasers Group is reportedly closing in on a deal to take control of Ted Baker’s British arm, putting the future of its head office staff firmly in the balance.
Number of UK homes for sale at 8-year high - Zoopla
The number of homes coming to market has soared, industry research showed on Thursday, as the recovery in the UK housing market continued to gain pace.
EnQuest holds guidance after solid Q1
Shares in EnQuest gained on Thursday after the UK energy company reported a strong operational performance over 2024 so far and kept its full-year production and cost guidance unchanged.
Nightcap abandons pursuit of Revolution Bars
Nightcap confirmed on Thursday that it does not plan to make an offer for Revolution Bars, which said earlier this week that it had rejected a takeover proposal from the Piano Works owner.
Renewi offloads 'unpredictable' UK municipal arm to Biffa
Renewi is to quit the UK market after it struck a deal with British waste management firm Biffa.
LondonMetric shakes up portfolio, exits non-core assets
Real estate firm LondonMetric has raised £31m from selling seven properties and acquired six more assets for £45m, the company announced on Thursday.
Endeavour starts wet commissioning at Lafigué project
Endeavour Mining said wet commissioning activities had started its Lafigué project in Côte d’Ivoire, adding that construction was 94% complete, and the first gold pour expected to take place in late-June, a quarter ahead of schedule.
De La Rue in talks over potential sale of divisions
Banknote maker De La Rue said on Thursday that it was delaying the publication of its full-year results as it is currently in talks with a number of parties who have made proposals or expressed an interest in buying either of its divisions.
Auto Trader annual revenues motor ahead
Auto Trader Group said on Thursday that the new financial year had got off to a strong start, after it posted in jump in annual sales and profits.
Darktrace appoints non-exec director as new COO
Cybersecurity group Darktrace has appointed non-executive director Jill Popelka as its new chief operating officer following the resignation of Nick Trim from that role earlier this year.
Coats appoints former GKN Aerospace boss as CEO
Industrial thread and global footwear parts maker Coats on Thursday said it had appointed former GKN Aerospace boss David Paja as its chief executive, replacing Rajiv Sharma who has decided to step down after eight years in the role.
Bodycote reports underlying growth in Q1
Heat treatment and thermal processing services group Bodycote has left its full-year outlook unchanged after reporting solid underlying growth since the start of 2024 against a mixed market backdrop.