Company News
Bridgepoint sells Hobbycraft for undisclosed sum
Fund manager Bridgepoint Capital has disposed of British arts and crafts retailer Hobbycraft to investment group Modella Capital for an undisclosed sum.
Wednesday preview: Fedspeak, Prudential in focus
The economic calendar on Wednesday will be sparse with only a smattering of risk events for investors to keep tabs on.
Britvic shareholders approve £3.3bn Carslberg takeover
Britvic edged a step closer to being taken over by Danish brewer Carlsberg on Tuesday.
Protein shake maker Applied Nutrition preparing for London IPO
JD Sports-based Applied Nutrition has confirmed plans for a potential initial public offering in London that could value the sports supplements and protein shake maker at £500m.
Next shop workers win landmark equal pay case
Shop workers at high-street retailer Next won a landmark legal victory on Tuesday, after a six-year battle for equal pay, potentially leading to over £30m in compensation.
Faron Pharmaceuticals candidate gets FDA fast track designation
Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced on Tuesday that its lead candidate, bexmarilimab, has been granted fast track designation by the US Food and Drug Administration (FDA), for the treatment of relapsed or refractory myelodysplastic syndrome (r/r MDS) in combination with azacitidine.
Prospex acquires 7.5pc stake in Viura gas field
Prospex Energy, an investment company focused on European gas and power projects, announced the successfully completed acquisition of a 7. 5% stake in Heyco Energy Iberia (HEI) on Tuesday, the majority owner of the Viura gas field in northern Spain.
Goldplat profitability improves in fourth quarter
South Africa and Ghana-focussed gold recovery specialist Goldplat announced a substantial increase in fourth-quarter profitability on Tuesday.
Diaceutics reports progress with rare-disease offerings
Diaceutics announced a significant enhancement to its rare-disease offerings on Tuesday, leading to the acquisition of a new contract aimed at supporting the commercialisation of a rare-disease therapy.
Belluscura shares surge on strong sales momentum, improved outlook
Belluscura, a developer of lightweight and portable oxygen enrichment technology, reported strong sales momentum and an optimistic trading outlook on Tuesday, as it prepared for the full commercial launch of its new ‘DISCOV-R’ portable oxygen concentrator.
RUA Life Sciences reports strong start to financial year
RUA Life Sciences, a medical device company specialising in implantable textiles and biostable polymers, reported a strong start to its financial year on Tuesday, with trading in the first four months exceeding management expectations.
Shield Therapeutics iron deficiency treatment approved in Canada
Commercial-stage pharmaceutical company Shield Therapeutics announced on Tuesday that ‘ACCRUFeR’, or ferric maltol, had been approved by Health Canada as a prescription drug for the treatment of adults with iron deficiency anaemia (IDA).
JD.com unveils $5bn, 36-month share buyback plans
Chinese e-commerce giant JD. com unveiled a new $5bn share buyback programme on Tuesday, set to begin in September and extend over the next 36 months.
Bronfman withdraws bid for Paramount, making way for Skydance deal
Edgar Bronfman Jr officially withdrew his bid to acquire Paramount Global on Tuesday, effectively clearing the way for Skydance Media to take control of the company.
Plus500 kicks off fresh $110m share buyback
Multi-asset fintech firm Plus500 announced the launch of a share buyback programme valued at up to $110m on Tuesday.
Ryanair no longer sees risk of double-digit average fare reductions
Budget carrier Ryanair said on Tuesday that it no longer sees a risk of average fares falling by double-digit percentages and that a more moderate 5% fall "looks reasonably accurate" for the all-important three months ending September.
Endeavour Mining settles spat with Lilium Gold, to receive $60m payment
Gold miner Endeavour Mining said on Tuesday that it will receive $60. 0m from Lilium Gold as part of a settlement agreement brokered by the government of Burkino Faso for the disposal of its Boungou and Wahgnion mines.
Harbour Energy to complete Wintershall Dea acquisition earlier than expected
Harbour Energy surged on Tuesday after saying that its acquisition of the Wintershall Dea asset portfolio was set to complete earlier than expected.
Woodside Energy H1 interim profits slide
Exploration and production firm Woodside Energy shares advanced on Tuesday despite posting a decline in interim profits as a result of lower prices for liquefied gas.
Bunzl shares jump on upgraded outlook, share buyback launch
Bunzl shares were surging on Tuesday morning after it upgraded its full-year guidance and launched a share buyback programme, even after first-half revenue slipped 3. 3% to £5. 71bn.