Company News
Director dealings: RWS Holdings CEO ups stake
RWS Holdings revealed on Wednesday that chief executive Ian El-Mokadem had acquired 5,000 ordinary shares in the AIM-listed intellectual support services firm.
Alpha FMC extends takeover deadline as talks with Bridgepoint ongoing
Alpha Financial Markets said on Wednesday that the ‘put up or shut up’ deadline for Bridgepoint to make an offer for the group has been extended as the two parties are still in talks.
Thursday preview: US producer prices, US Treasury auctions in focus
The market spotlight on Thursday will continue to be on the US inflation picture.
FedEx to cut between 1,700 and 2,000 back office jobs in Europe
US parcel delivery firm FedEx said on Wednesday that it plans to axe between 1,700 and 2,000 back-office and commercial jobs in Europe as it looks to cut costs amid a slump in freight demand.
Starling sees profits surge, flags rise in bad loans
Challenger Starling Bank posted a jump in annual profits on Wednesday and reiterated its commitment to a possible stock market debut, despite a jump in bad loan provisions.
Mosman Oil farm-in partner gets funding grant for EP 145
Hydrocarbon, helium, and hydrogen exploration, development, and production company Mosman Oil & Gas updated the market on the EP 145 project in the Amadeus Basin of Central Australia on Wednesday, operated by its farm-in partner Greenvale Energy.
Dillistone still cautious despite trading ahead of forecasts
Recruitment software and service provider Dillistone Group said in an update on Wednesday that its trading performance for the first half was slightly ahead of management expectations.
Proton Motor gets follow-up order from Switzerland's H2tec
Proton Motor Power Systems announced a follow-up order from Switzerland-based H2tec on Wednesday, for its HyCabinet S16 system.
Empire Metals announces Pitfield exploration target
Resource exploration and development company Empire Metals announced a JORC exploration target for the Pitfield Titanium Project in Western Australia on Wednesday - a significant step towards developing a mineral resource estimate for the project.
EU to slap tariff of up to 38pc on Chinese EVs
The European Union (EU) is set to impose tariffs of up to 38% on Chinese electric vehicles (EVs), it was reported on Wednesday, initiating duties exceeding €2bn annually and risking a trade conflict with China.
World facing 'staggering' supply surplus as demand for oil peaks - IEA
The world is facing a "staggering" oil supply surplus, a leading energy think tank warned on Wednesday, as output outstrips slowing demand.
Anglo Asian Mining shares jump as Azerbaijan gov't green lights tailing dam build
Anglo Asian Mining's share price surged on Wednesday after the gold, copper and silver miner moved one step closer to starting construction on the final part of its tailings dam in Azerbaijan.
Safestore shares slump on FY earnings forecast as revenues fall
Safestore shares fell sharply on Wednesday as the self-storage specialist said it expected annual earnings to be in the lower half of consensus forecasts as it posted a fall in interim core earnings amid tough trading conditions in most of its markets.
RWS Holdings confident despite weaker first-half
Language, content and intellectual property technology specialist RWS Holdings reported a shrinking of first-half revenue and profit on Wednesday, but said it expected its full-year performance to align with market expectations despite certain challenges.
Good Energy invests a further £1.7m in Zapmap
Renewable electricity supplier and energy services provider Good Energy Group announced a further £1. 7m strategic investment in Zapmap on Wednesday, through a convertible loan note.
Octopus Renewables reports progress on several fronts
Octopus Renewables Infrastructure Trust announced a number of updates on its construction and development activities on Wednesday.
Equals Group shares drop as MDP backs out of takeover talks
The share price of payment platform developer Equals Group dived on Wednesday after potential buyer Madison Dearborn Partners (MDP) bowed out of drawn-out takeover talks that have been ongoing since November.
Balanced CPT still seeking shareholder feedback amid strategic review
Balanced Commercial Property Trust updated the market on its ongoing strategic review process on Wednesday, which it launched on 15 April.
Charles Stanley offloads 1.5m IQGeo shares
IQGeo Group updated the market on the recommended cash acquisition by Geologist Bidco (Bidco), a company wholly-owned by funds advised by Kohlberg Kravis Roberts (KKR), on Wednesday.
Distil returns to revenue growth, operating loss widens
Premium spirits company Distil reported a return to revenue growth in its final results for the year ended 31 March on Wednesday, although its operating loss widened.