Company News
Director dealings: Cobra Resources director ups stake
Cobra Resources revealed on Friday that director David Clarke had acquired 1. 40m ordinary shares in the London-listed exploration company.
BHP and Vale ink deal on UK group action for 2015 Brazil dam breach
Iron ore miner Vale has agreed to pay half of any awards to claimants as part of the UK group action against BHP for the 2015 failure of the Fundao dam in Brazil.
Lufthansa issues profits warning as Q2 earnings fall
Deutsche Lufthansa on Friday slashed annual earnings estimates for a second time and also issued a profit warning as it struggled with higher costs and lower business demand.
Unilever to cut third of office roles in Europe - report
Unilever is reportedly planning to cut a third of all office roles in Europe by the end of next year, as the company’s new chief executive forges ahead with his plan to boost growth at the struggling consumer goods giant.
Months of AT&T call records exposed in data breach
American telecoms giant AT&T revealed on Friday that the call and text logs of its customers were hacked between May and October 2022, and said that at least one person has been arrested.
Norwegian Air shares jump as airline swings to Q2 profit
Shares in Norwegian Air surged on Friday after the carrier swung to a profit in the second quarter on the back of strong passenger growth and an improved cost performance.
Rio Tinto eyeing up possible mega deal - report
Blue chip miner Rio Tinto is understood to be eyeing up a list of possible takeover targets, it was reported on Friday, including Canada’s Teck Resources.
Cadence Minerals shares drop after fundraise
Cadence Minerals was the heaviest faller on the AIM on Friday following the news that it has raised £750,000 through a share placing to fund further activity at its Amapá iron ore project in Brazil.
System1 Q1 revenues improve, driven by platform growth
Market research firm System1 said on Friday that revenues were markedly improved over the three months ended 30 June, driven by a surge in platform revenues throughout the quarter.
Molten Ventures successfully exits from three investments
Venture capital firm Molten Ventures announced successful exits from Graphcore, Perkbox and Endomag on Friday, highlighting returns above or in line with holding values.
Ericsson warns of 'challenging' conditions, but Q2 profits beat forecasts
Swedish telecoms giant Ericsson reported a decline in sales in its second quarter and warned that market conditions would remain "challenging" for the rest of the year, but still managed to beat profit forecasts.
SoftBank snaps up UK chipmaker Graphcore
SoftBank Group has snapped up UK start-up Graphcore, it was confirmed on Friday, as the Japanese tech giant continues to expand into artificial intelligence.
Outflows mount at Ashmore on 'subdued' risk appetite
Assets under management at Ashmore Group fell in the last quarter, the specialist fund manager said on Friday, on the back of weaker investor sentiment.
China exports rise by 8.6% in June, but imports fall
Chinese exports rose by a greater-than-expected 8. 6% in June year on year, while imports fell unexpectedly by 2. 3%, according to official data published on Friday.