Company News
Quartix flags solid first-half subscription growth
Vehicle tracking specialist Quartix Technologies said in a trading update on Monday that it expected to report first-half revenue of £16m, adjusted EBITDA of £2. 6m, pre-tax profit of £2. 6m, and free cash flow of £0. 9m.
ITM Power inks 500MW capacity reservation deal
ITM Power announced a significant capacity reservation agreement with a major global industrial customer on Monday, securing 500MW of future production capacity for ITM Power’s advanced electrolyser stacks.
Boeing to plead guilty to criminal fraud over 737 Max crashes in deal with DoJ
Troubled aircraft maker Boeing on Sunday pleaded guilty to a felony charge of conspiring to defraud the US government over two fatal crashes of its 737 Max in 2018 and 2019, according to a late-night court filing.
Unite Group confident amid strong student demand
Student accommodation provider Unite Group issued a promising update on current trading and property valuations on Monday, as it anticipated nearly full occupancy and significant rental growth for the upcoming academic year.
Plus500 backs FY expectations after 'strong' first half
Plus500 backed its full-year expectations on Monday after a "strong" first-half performance despite "difficult" market conditions.
Burberry reportedly cutting "hundreds" of jobs
British high-end fashion group Burberry is expected to announce "hundreds" of job cuts in the UK as part of a cost-cutting programme following a massive drop in its share price since the start of the year.
Britvic agrees to Carlsberg's sweetened £3.3bn offer
Danish brewing giant Carlsberg on Monday said it had reached a deal to buy UK soft drinks maker Britvic for £3. 3bn after two previous bids were rejected.
Jangada upbeat on progress at investee Blencowe
Natural resources developer Jangada Mines highlighted significant advancements made by Blencowe Resources, in which it holds a 10% stake, on Monday.
HG Capital Trust offloads stake in TeamSystem
HgCapital Trust said it had agreed the sale of its remaining investment in business software company TeamSystem, to funds advised by Hellman & Friedman for an undisclosed sum.
Ocado to build third factory in Japan with online grocer AEON
Online grocery group Ocado is planning to build a third customer fulfilment centre (CFC) in Japan as part of its ongoing partnership with Japanese peer AEON.