Company News
Wednesday preview: UK CPÎ, euro area CPI in the spotlight
The market spotlight in the middle of the week will shift back towards the UK and the release of the consumer price report for the month of June.
Director dealings: N Brown director snaps up shares
N Brown Group revealed on Tuesday that non-executive director Joshua Alliance had acquired 1. 0m ordinary shares in the AIM-listed online retailer.
Ocado shares surge on guidance upgrade, narrow losses
Shares in Ocado surged on Tuesday after the online grocer and technology company reported narrower interim losses and lifted full-year guidance as revenue grew across all its divisions.
Fintel agrees acquisition of Rayner Spencer Mills Research
Fintech and support service specialist Fintel announced a conditional agreement to acquire Rayner Spencer Mills Research (RSMR), a prominent fund ratings and research agency in the UK, on Tuesday.
Gateley revenue rises, underlying profits narrow slightly
Professional services firm Gateley Holdings reported continued growth and investment in line with its strategic objectives in its full-year audited results on Tuesday.
ITM Power inks capacity reservation with utility provider
ITM Power announced the signing of a capacity reservation agreement with a large utility company on Tuesday, securing future production capacity for its NEPTUNE II units.
Spectra signs $38m manufacturing contract with existing customer
Spectra Systems, a specialist in machine-readable high-speed banknote authentication, brand protection technologies, security printing, and gaming security software, announced the signing of a $37. 9m contract on Tuesday to manufacture sensors for an existing central bank customer.
Cineworld in talks with landlords on UK closures - report
Cineworld has reportedly started talks with UK commercial landlords about plans to shutter up to 25% of its British cinema estate.
Tissue Regenix flags first half in line with expectations
Regenerative medical device company Tissue Regenix reported a strong first-half performance in a trading update on Tuesday, in line with its own expectations.
Charles Schwab's Q2 earnings in line, but new brokerage accounts disappoint
American financial services group Charles Schwab met analysts' estimates with its second-quarter revenues and profits on Tuesday while total client assets hit an all-time high, but shares were falling sharply in pre-market trade as the number of new brokerage accounts came up short.
Intermediate Capital Group posts higher-than-expected total Q1 AuM
Intermediate Capital Group raised more funds than expected at the start of its fiscal year amid "elevated" transaction activity.
Apax Global Alpha books EUR 31m return from Baltic Classifieds sell-down
Apax Global Alpha (AGA), a limited partner in the Apax IX Fund, announced on Tuesday that Apax IX has sold its remaining shares in Baltic Classifieds Group (BCG).
Sequoia Economic Infrastructure subsidiary gets California lender licence
Sequoia Economic Infrastructure Income Fund announced on Tuesday that its wholly-owned subsidiary, Sequoia IDF Holdings, has received a finance lender licence under the Californian Financing Law.
Bank of America reports 'strong quarter' driven by noninterest income
Bank of America announced net income of $6. 9bn for the second quarter on Tuesday, translating to earnings per share of 83 cents.
Petra predicts "modest" diamond market recovery next year
South Africa-focused diamond miner Petra Diamonds saw shares rise on Tuesday after it reported that carats sold increased by more than a third in the year to 30 June, as it predicted a "modest recovery" in the diamond market in 2025.
Lee Powell to take the helm at Henry Boot Construction
Henry Boot announced on Tuesday that Lee Powell, currently the chief executive officer of GMI Construction, would assume the role of managing director of Henry Boot Construction next January.
Euros see supermarket sales grow despite poor weather
Take-home sales at supermarkets rose by 2. 2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer preferences.
Brickability FY profits slump in 'challenging year'
Building materials group Brickability said on Tuesday that both revenue and profits had declined in the six months ended 31 March as it continued to navigate what it called "a challenging year".
Hugo Boss downgrades expectations amid China, UK weakness
Shares in German fashion house Hugo Boss were sliding on Tuesday morning, after the company downgraded its sales and earnings projections for the year amid diminished consumer demand, particularly in China and the UK.
Trustpilot slumps after Vitruvian sells 12.5m shares in placing
Trustpilot tumbled on Tuesday after Vitruvian Partners sold 12. 5m shares in the company in a placing at 220p each.