Company News
Friday preview: US producer prices, Ashmore Group in focus
Inflation will continue to be in focus on either side of the Pond at the end of the week.
Supermarkets say card payment issues resolved
Card payment disruptions at major UK retailers were reportedly resolved by Thursday afternoon, after customers at chains including Asda, Sainsbury's, and various petrol stations reporting issues with both Visa and Mastercard transactions.
Bain Capital to buy Envestnet in $4.5bn deal
Envestnet said on Thursday that it has agreed to be bought by Bain Capital in a $4. 5bn deal.
Ideagen abandons pursuit of Crimson Tide, shares slide
Crimson Tide tumbled on Thursday as it said that Ideagen had decided not to make an offer for the group.
UK water consumers slapped with 21% price hike by Ofwat
Britain’s long-suffering water customers will see bills rise by 21% over the next five years amid a continuing sewage pollution crisis, water regulator Ofwat said on Thursday, adding that it had put Thames Water into special measures over its poor performance.
PepsiCo profits top expectations, revenue misses slightly
PepsiCo has reported a significant increase in its second-quarter profits on Thursday, surpassing Wall Street expectations despite a continuous decline in consumer demand for its snacks and beverages.
Faron gets positive FDA feedback on bexmarilimab study plans
Faron Pharmaceuticals announced positive feedback from the FDA regarding the clinical development plan for its drug candidate bexmarilimab, aimed at treating myelodysplastic syndrome (MDS), on Thursday.
L&G's Salary Finance reportedly in merger talks with Oakbrook
A major merger is on the horizon for Salary Finance, a fintech firm partly owned by Legal & General (L&G), and Oakbrook, a tech-enabled lending platform, according to fresh reports on Thursday.
Cornish Metals starts second phase of South Crofty shaft refurbishment
Minerals explorer and developer Cornish Metals announced the start of the second phase of shaft refurbishment at its wholly-owned and permitted South Crofty tin project in Cornwall on Thursday.
BHP suspending Western Australia nickel operations
BHP announced the suspension of its Nickel West operations and the West Musgrave project in Western Australia on Thursday, starting from October.
CAA cuts Heathrow landing fees further after competition findings
The Civil Aviation Authority (CAA) has ruled that the amount Heathrow is allowed to charge airlines in landing fees must be reduced by a further 6% over the next two years following a competition appeal last year.
DP Poland reports further growth in first half
DP Poland, the master franchisee and operator of Domino's Pizza stores across Poland and Croatia, reported growth across its key financial and operational metrics in a first-half update on Thursday.
Quantum Blockchain investee Forcrowd gets EU Passport
Quantum Blockchain Technologies updated the market on its investee company Forcrowd on Thursday - an Italian equity-crowdfunding platform in which it holds a 41% stake.
Jet2 hikes dividend as profits rise amid record passenger numbers
Jet2 posted a jump in full-year profit on Thursday and lifted its dividend as it hailed record passenger numbers.
Central Asia Metals flags full-year Sasa production at low end of guidance
Central Asia Metals updated the market on the first-half performance of its Kounrad copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia on Thursday.
FCA unveils biggest overhaul of listing rules in three decades
The financial regulator has shaken up UK listing rules, it was confirmed on Thursday, as it looks to encourage more companies to join the London Stock Exchange.
Polar Capital reports growth in assets under management
Active asset manager Polar Capital reported a significant increase in its assets under management (AuM) for the quarter ended 30 June on Thursday, rising to £23. 5bn from £21. 9bn at the end of March, making for a 7% increase.
Apax Global Alpha fund offloads remaining Genius Sports stake
Apax Global Alpha announced on Thursday that the Apax IX Fund, in which it is a limited partner, has sold its remaining shares in Genius Sports, a provider of sports data, content, and technology.
PetroTal reports robust second-quarter production
PetroTal reported robust second-quarter production in an update on Thursday, achieving an average production rate of 18,290 barrels of oil per day (bopd) despite a brief river blockade, with June's average production reaching 20,555 bopd.
Videndum sees slow recovery following Hollywood strikes
Microphone, camera and video equipment makers Videndum said revenues were in line with expectations in the first half, though a recovery was taking longer than expected following the Hollywood actors' and writers' strikes that have affected trading over the past year.