Company News
Thursday preview: US jobless claims, durable goods orders in focus
Investors' attention on Thursday will be on a flurry of economic indicators that are due out in the US.
Director dealings: Real Estate Investors, Landsec execs make trades
Among the director dealings disclosed to the market on Wednesday were two transactions involving senior executives from Real Estate Investors and Land Securities, respectively.
L&G to sell Glencore, TJX stakes over environmental concerns
Legal & General Investment Management (LGIM) said that its environmental, social and governance and some pension funds would divest their stake in commodities miner and trader Glencore due to its thermal coal operations.
Bosch weighing offer for Whirlpool - report
German engineering group Robert Bosch is reportedly considering a bid for US appliance maker Whirlpool.
MNC Capital lifts takeover bid for Vista Outdoor to $3.2bn
MNC Capital Partners said on Wednesday that it has upped its all-cash takeover offer for Vista Outdoor to $42 per share, or $3. 2bn, from $39. 50 earlier in the month.
First Property swings to full-year loss
UK and central Europe-focussed property fund manager and investor First Property Group reported a statutory loss before tax of £4. 41m in its preliminary results on Wednesday, swinging from a £2. 49m profit before tax recorded in the prior year.
Creo Medical reports year of solid progress
Surgical endoscopy medical device specialist Creo Medical Group reported solid progress over the last 12 months in an update on Wednesday, as it leveraged funds from the March 2023 equity raise to advance its strategic goals.
Haleon to sell NRT business outside of the US to Dr Reddy’s for £500m
Haleon said on Wednesday that it has agreed to sell its nicotine replacement therapy (NRT) business outside of the US to Dr Reddy's Laboratories for £500m.
Panthera issues update on Bhukia dispute, secures litigation funding
Gold explorer and developer Panthera Resources updated the market on the ongoing dispute with the Republic of India over the Bhukia project on Wednesday, confirming that it had secured litigation financing for the dispute.
Learning Technologies offloads VectorVMS in $50m deal
Learning Technologies Group announced the sale of its VectorVMS business to PIXID Group on Wednesday, for $50m.
UK retail sales slide in June - CBI
UK retail sales fell in June, an industry survey showed on Wednesday, reversing May’s short-lived uplift.
Alliance and Witan to join forces in £5bn merger
Alliance Trust and Witan Investment Trust are to join forces, the British firms announced on Wednesday, creating a major new £5bn vehicle.
Apax Global confirms chairman's retirement, kicks off buyback
Apax Global Alpha confirmed the retirement of Tim Breedon CBE from his position as chairman and director on Wednesday, effective 1 July.
Volex posts record full-year profits
Power and data transmission technology specialist Volex reported record profits in its preliminary results on Wednesday, with a 26. 3% increase in revenue to $912. 8m, up from $722. 8m year-on-year.
HSS Hire backs full-year earnings guidance
HSS Hire backed its full-year earnings guidance on Wednesday ahead of its annual general meeting.
Braveheart buys 1.93 million more Autins shares
Braveheart Investment Group announced the acquisition of an additional 1. 93 million shares in its portfolio company Autins Group on Wednesday.
Seeing Machines to miss profit targets, but signs major new deal with Caterpillar
Seeing Machines, the AIM-listed group that designs tech to improve transport safety, has announced that profits will be lower than market expectations as it unveiled a new five-year license renewal with mining giant Caterpillar.
ProCook upbeat for coming year, shares spark
Shares in ProCook Group jumped on Wednesday, after the kitchenware brand flagged strong current trading and forecast an improvement in revenues.
Warpaint reports robust trading in first half
Cosmetics supplier Warpaint London, owner of the W7 and Technic brands, reported a robust trading performance ahead of its annual general meeting on Wednesday.
Nasdaq ends deal to transfer Nordic power unit to EEX
Nasdaq on Wednesday said it had cancelled plans to transfer its Nordic power trading and clearing business to the European Energy Exchange (EEX).