Company News
Carnival raises full-year guidance, shares pop
Carnival posted better-than-expected second quarter results and raised its full-year guidance on the back of a record cumulative booked position for 2024.
Tesla to recall more than 23,000 Cybertrucks
Electric car giant Tesla is recalling more than 23,000 Cybertrucks due to potential issues with their windshield wipers and trunk bed trims.
Director dealings: Aviva non-exec invests, Britvic director covers share award costs
Among the director dealings disclosed to market on Tuesday, Aviva announced that T Neil Morrison, a non-executive director, haad purchased a substantial number of shares in the company.
Wednesday preview: US new home sales, German consumer confidence in focus
Investors' focus in the middle of the week will be on the US housing market.
Elementis shareholder Gatemore calls for strategic review
Elementis shareholder Gatemore Capital Management said on Tuesday that if the company does not launch a strategic review, accelerate its cost-savings programme and replace its chief executive, it may seek to oust the chairman.
Britvic suspends £75m share buyback after Carlsberg offer
Britvic said on Tuesday that it was suspending its £75m share buyback after rejecting a £3. 1bn takeover proposal from Danish brewer Carlsberg.
Merck shares plunge on failure of cancer drug trial
Shares of German chemical and pharmaceutical firm Merck were falling sharply on Tuesday, after it announced that a trial for its head and neck cancer drug xevinapant had been halted due to a lack of efficacy.
Chapel Down considers sale as it weighs funding options
Chapel Down said on Tuesday that it is conducting a strategic review of options to fund long-term growth, which includes investment from existing and new shareholders and a potential sale of the company.
EU calls Microsoft's bundling of Teams 'abusive'
The European Union (EU) accused Microsoft of violating competition regulations on Tuesday, through the “abusive” bundling of its Teams and Office products.
Morrisons sales rise in Q2 as it expands convenience estate
Supermarket operator Morrisons reported a strong second-quarter performance on Tuesday, with continued sales momentum, significant operational progress, and substantial deleveraging.
Tortilla Mexican Grill buys Fresh Burritos for €3.95m
Tortilla Mexican Grill said on Tuesday that it has bought Fresh Burritos, the second largest fast-casual Mexican restaurant group in Europe, and largest in France, €3. 95m (£3. 3m).
Proton Motor Power gets follow-up order from Deutsche Bahn
Proton Motor Power Systems, a designer and producer of zero-carbon fuel cells and fuel cell electric hybrid systems, announced a new follow-up order from DB Bahnbau Gruppe, a subsidiary of Deutsche Bahn, on Tuesday.
Vertu sees solid Q1 growth, but ZEV mandate raises uncertainty
Automotive retailer Vertu Motors said that results should be in line with market expectations after a solid start to the new financial year, with new and used car sales rising along growing volumes in fleet and commercial vehicles.
Sound Energy demobilises Tendrara workover rig
Sound Energy has announced the successful completion and demobilisation of the Star Valley Rig 101 on Tuesday, following planned workover operations on the gas wells TE-6 and TE-7 at the Tendrara project.
Warehouse REIT reports robust year, part-acquires Ventura Retail Park
Warehouse REIT reported a robust set of full-year results on Tuesday, driven by strong occupational demand and a focus on multi-let assets.
Augmentum reports year of solid NAV growth
Augmentum Fintech reported a 3. 1% increase in its net asset value before performance fees in its annual report on Tuesday, rising to £303. 3m from £294. 1m in the prior year.
Orchard Funding lifts expectations amid strong premium finance market
Insurance premium finance and professions funding specialist Orchard Funding Group reported a robust performance in the insurance premium finance market on Tuesday, driving revenue growth through increased lending.
Wynnstay reports weaker first half amid challenging market
Wynnstay Group reported a set of interim results impacted by challenging trading conditions on Tuesday, as anticipated.
IG Design swings back to full-year reported profitability
IG Design Group reported a successful second year in its three-year turnaround plan on Tuesday, with significant improvements in operational efficiency and business simplification.
Funding Circle to sell US business to iBusiness Funding for £33m
Funding Circle said on Tuesday that it has agreed to sell its US business to Miami-based iBusiness Funding (IBF) for £33m.