Company News
Wednesday preview: US Fed decision, CPI on traders' minds
Will the US Federal Reserve cut interest rates three times by the end of 2024? Or only twice and perhaps even less? .
Idox reports robust first-half performance
Information management software and geospatial data specialist Idox reported a robust half-year financial performance on Tuesday, with key metrics in line with expectations.
Henry Boot subsidiary finalises land sale
Henry Boot announced on Tuesday that its subsidiary, Hallam Land Management, has finalised the sale of a freehold site in Ambrosden, Oxfordshire, to housebuilder Mulberry Homes.
Pantheon Resources releases independent report on Ahpun field
Pantheon Resources announced the results of an independent expert report (IER) by Cawley Gillespie & Associates (CGA) for the Ahpun field on Tuesday, estimating 280 million barrels of recoverable ANS crude oil.
GB Group reports results in line with expectations
Identity and location software specialist GB Group reported a set of results that aligned with its April trading update on Tuesday.
Iomart announces robust results, appoints new chair
Cloud computing and managed services provider Iomart Group announced a robust set of financial results for the year ended 31 March on Tuesday, as well as the appointment of a new board chair.
Covestro close to granting Adnoc in-depth due diligence - report
Covestro is reportedly close to granting Abu Dhabi National Oil Co. access to in-depth due diligence in expectation of an improved takeover bid, signalling fresh impetus for the talks between both parties after a year of negotiations.
Cake Box profits jump amid new store openings
Cake Box posted a jump in full-year profit and revenue on Tuesday as the maker of fresh cream celebration cakes pointed to increased franchise store sales and new store openings.
Renew Holdings acquires electricity transmission and distribution business
Engineering services company Renew has entered into the electricity transmission and distribution market with its £26. 0m acquisition of Excalon.
Raspberry Pi prices IPO at 280p per share
Raspberry Pi Holdings announced the pricing of its initial public offering (IPO) on Tuesday, at 280p per share, following the confirmation of its intention to float on 22 May.
Atos shares slide as it agrees to dilutive restructure
Shares in French IT giant Atos were sliding on Tuesday morning, after it announced that its board had decided to proceed with a restructuring plan that would seriously dilute the equity of existing shareholders.
Rio Tinto to buy Mitsubishi’s 11.7% stake in Boyne aluminium smelter
Rio Tinto said on Tuesday that it has agreed to buy Mitsubishi Corporation’s 11. 65% interest in Boyne Smelters (BSL) for an undisclosed sum.
Novacyt settles High Court dispute with DHSC
Biotechnology group Novacyt and the UK's Department of Health and Social Care have reached a commercial settlement of all claims and counterclaims in High Court proceedings.
Heathrow sees record passenger numbers in year to May
Heathrow served a record number of passengers over the past year after the the busiest-ever May, the UK airport announced on Tuesday.
Capricorn Energy reports first production at Sangomar development
Exploration and development company Capricorn Energy said on Tuesday that first production from its Sangomar Field development offshore Senegal has commenced after it received confirmation from Woodside Energy that the first oil condition under the sale and purchase agreement has been satisfied.
Oxford Instruments shares jump on profit beat, restructure plan
Shares in Oxford Instruments surged on Tuesday after the industrial and scientific research tech group announced plans to simplify its corporate structure alongside full-year profits that came in ahead of expectations.
GSK launches appeal to recent Zantac ruling
GSK has started the process of appealing a recent decision by the Delaware Superior Court regarding the ongoing Zantac, or ranitidine, litigation, it announced on Tuesday.
FirstGroup hikes dividend as profits surge, but sees challenges ahead
Bus and train operator FirstGroup hiked its dividend by 45% after a substantial jump in annual profits, despite revenues slipping slightly over the year.
Senior wins $80m parts contracts from Collins Aerospace
Aircraft and defence engineering specialist Senior said it had won 10-year production contracts worth $80m from Collins Aerospace to supply thrust reverser structural components for Boeing 787, Airbus A320neo and Airbus A220 aircraft.