Company News
Friday preview: US consumer confidence, import prices in focus
The market spotlight at the end of the week will continue to be firmly on the US and the latest inflation numbers for that economy.
Director dealings: Premier Foods CFO makes share sale
Premier Foods revealed on Thursday that chief financial officer Duncan Leggett had disposed of 6,164 ordinary shares in the London-listed food manufacturer.
Virgin Money profits up but still sees tough second half
Virgin Money, set to be taken over by Nationwide in a £2. 9bn deal, on Thursday posted an 18% jump in interim profit as it continued to benefit from higher interest rates and a lower bad debt charge, but reiterated it expected headwinds in the second half of the year.
Serabi Gold on track to meet production guidance
Brazil-focused gold miner Serabi Gold has reiterated full-year production targets after an acceleration of activity at its Coringa project as the production ramp-up continues.
ADM Energy reports improvements at JKT facility
Natural resources investing company ADM Energy updated the market on Thursday on operations at its oil reclamation business, JKT Reclamation, in which it holds a 30. 6% economic interest.
Christie Group reports more favourable trading environment
Professional services provider Christie Group reported a more favourable trading environment for its transactional brokerage business in an update on Thursday, compared to the first half of 2023.
R&Q Insurance mulling liquidation to complete Accredited sale process
R&Q Insurance has said that it is considering a provisional liquidation as it pushes forward to complete a sale of its program management business, Accredited, to Onex Corporation – causing shares to plummet on Thursday.
NWF FY performance seen in line with expectations
Agricultural and distribution business NWF that its full-year performance was expected to be in line with market expectations, reflecting a normalisation in the fuels and feeds markets and a strong contribution from its food division.
Ariana Resources upbeat on revised Dokwe mineral resources
Ariana Resources, an AIM-listed mineral exploration and development company with interests in gold projects across Africa and Europe, reported a revised mineral resource estimate (MRE) for its Dokwe North and Dokwe Central projects in Zimbabwe on Thursday.
Mexican billionaire Carlos Slim takes 3.2% stake in BT Group
Mexican billionaire Carlos Slim has taken a 3. 2% stake in BT Group.
Orcadian secures £1.15m loan with industry partner
Orcadian Energy announced the finalisation of a secured long-term loan agreement with an industry partner on Thursday.
Tesla shareholders support $56bn pay package, Musk says
Billionaire Elon Musk has claimed that Tesla Motors shareholders are voting in favour of his controversial $56bn pay package by "a wide margin".
Crest Nicholson slashes full-year profit guidance after tough first half
Home construction group Crest Nicholson slashed its interim dividend payment after swinging to a loss in the first half, as the company substantially scaled back its profit guidance for the full year, causing shares to sink on Thursday.
Wise shares plunge as income forecasts disappoint investors
Shares in Wise plunged on Thursday as the UK banking and money transfer company said underlying income would be lower than its 2024 fiscal year.
Petards reports lower annual profits, cautious outlook
Security and surveillance systems group Petards reported a big drop in earnings for 2023 and gave a cautious outlook for the current year, causing shares to drop sharply on Thursday.
PayPoint earnings rise as it announces share buyback
PayPoint reported significant progress towards its EBITDA targets in its full-year results on Thursday, and took the wraps off a three-year share buyback programme, starting with at least £20m over the next 12 months.
Norcros revenue falls, operating profit rises
Bathroom and kitchen products supplier Norcros reported revenue of £392. 1m in its full-year results on Thursday - a decrease of 11. 1% from the prior year, or 6% on a constant currency like-for-like basis.
Custodian Property posts robust set of full-year results
Custodian Property Income REIT reported a robust full-year performance in its final results on Thursday, with EPRA earnings per share growing 3. 6% to 5. 8p, up from 5. 6p in the prior year.
Kingfisher completes second tranche of £300m buyback
Kingfisher announced the completion of the second tranche of its £300m share buyback programme on Thursday, which it initially announced on 19 September last year.
PensionBee reaches £5bn in assets under administration
Online pension provider PensionBee Group announced significant milestones in an update on Thursday.