Company News
Corcel joint venture refused mining lease in Papua New Guinea
Shares in oil, gas and battery metals small cap Corcel tanked on Wednesday after the company announced that the Papua New Guinea government refused to grant a direct shipping ore mining lease for its part-owned Mambare nickel-cobalt project.
UK rail regulator stops short of CMA referral for station catering
The UK rail regulator has recommended that catering outlets with leases due to expire should be put to competitive tender with simpler and standardised contracts introduced for new entrants, but stopped short of referring the industry to competition authorities.
China inflation nudges higher, narrowly misses forecasts
Inflation in China nudged marginally higher in May, official data showed on Wednesday, while producer prices eased.
Rentokil surges as Nelson Peltz's Trian said to have taken 'significant' stake
Rentokil surged to the top of the FTSE 100 on Wednesday following reports that activist investor Nelson Peltz’s Trian Fund Management has taken a "significant" stake in the pest control company.
Image Scan wins £350k contract with military customer
X-ray screening systems supplier Image Scan said on Wednesday that it has secured a contract worth more than £350,000, scheduled for delivery in the second half of FY24.
Scancell shares jump on new antibody agreement with major biotech firm
Scancell Holdings saw shares surge on Wednesday after the the AIM-listed oncology immunotherapies group announced an agreement with a "major international biotechnology company".
HSS Hire loses key customer Amey, shares slide
HSS Hire tanked on Wednesday as it announced the loss of a key customer.
Molten Ventures asset value rises in 'productive' year
Molten Ventures reported a gross portfolio value of £1. 379bn in its final results on Wednesday, a slight increase from £1. 371bn year-on-year, as net assets grew to £1. 251bn from £1. 194bn.
DFS cites weaker demand, Red Sea disruption as it warns on profits again
DFS warned on profits again on Wednesday as it pointed to weaker demand and Red Sea disruption.
Legal & General unveils £200m buyback and restructuring plan
Insurance, retirement and investment services group Legal & General has announced a £200m share buyback as it set out plans to restructure the business into three core units and promised to increase shareholder returns.