Company News
Wednesday preview: US, UK CPI in the spotlight
The cost of living in the States is expected to have slipped again last month, but investors are keen to know by just how much.
Flutter Entertainments lifts FY guidance after stronger-than-expected Q2
Flutter Entertainment lifted its full-year guidance on Tuesday after a better-than-expected second-quarter performance.
Director dealings: First Tin chairman raises stake
First Tin revealed on Tuesday that chairman Charles Brookes had acquired 360,000 ordinary shares in the tin development company.
Bluejay launches exploration campaign at Outokumpu
Bluejay Mining announced the launch of its inaugural exploration campaign focused on identifying significant deposits of geological hydrogen and helium in the Outokumpu Belt in Finland on Tuesday.
Light Science Technologies secures order from Richel
Light Science Technologies said on Tuesday that it had received an order from Richel, an agronomic solutions specialist, for its CEA nurturGROW lighting.
Home Depot cuts full-year sales outlook
Home Depot cut its full-year sales outlook on Tuesday as it said higher interest rates and macroeconomic uncertainty were putting pressure on consumer demand.
Crest Nicholson slides as Bellway abandons takeover bid
Crest Nicholson tumbled on Tuesday after Bellway said it was not planning to make an offer for its housebuilding rival.
Chipotle CEO Brian Niccol to take the reins at Starbucks
Starbucks announced the appointment of Brian Niccol as its new chairman and chief executive officer on Tuesday, effective 9 September.
Grocery price inflation rises for first time since March 2023
Grocery price inflation in the UK has risen for the first time since March last year, according to fresh data from Kantar on Tuesday.
Accesso announces passing of CFO Fern MacDonald
Accesso Technology Group announced the passing of its chief financial officer Fern MacDonald on Tuesday, after a battle with cancer.
Gem Diamonds reports solid solid first-half recovery, sales figures
Gem Diamonds reported solid operational and sales results for the first half on Tuesday, with growth in both carat sales and revenue.
Witan reports solid first-half return ahead of proposed Alliance merger
Witan Investment Trust reported a strong first-half financial performance on Tuesday, with a significant increase in net asset value alongside its proposed strategic combination with Alliance Trust.
Syncona confident in portfolio despite fall in NAV
Life science investor Syncona reported significant developments in its portfolio during its first quarter on Tuesday, despite a slight decline in net assets.
Kenmare promotes Tom Hickey to managing director
Titanium and zircon producer Kenmare Resources announced the appointment of Tom Hickey as its new managing director on Tuesday, effective from 15 August.
PPHE gets planning approval for Lambeth North hotel project
PPHE Hotel Group announced the receipt of planning approval for a new mixed-use hotel-led development on London’s South Bank on Tuesday.
Safestay acquires leasehold property in Budapest
Hostel operator Safestay announced the strategic acquisition of a leasehold property in Budapest on Tuesday, as part of its continued expansion into key European cities.
Dowlais forecasts revenue decline, considers sale of Powder Metallurgy
Dowlais said on Tuesday that it was considering a potential sale of its Powder Metallurgy business and that it now expects a decline in full-year revenue.
Telecom Plus reports continued strong performance
Telecom Plus reported sustained strong performance for the current financial year in an update on Tuesday, having highlighted robust growth in its annual results in June.
ITM Power secures deal with Shell for REFHYNE II project
Energy storage and clean fuel business ITM Power has inked a contract for its REFHYNE II project following a recent positive final investment decision from industry giant Royal Dutch Shell.
Genuit pre-tax profits profits sink in H1
Plastic piping systems manufacturer Genuit said on Tuesday that pre-tax profits had almost halved in the first six months of the year as a result of reduced turnover throughout the period.