Company News
Thursday preview: US services data, Ashmore Group in focus
Investors' focus on Thursday will be on the US services sector.
Sixth Street, Patron reportedly considering bid for L&G-owned housebuilder Cala
US investment firm Sixth Street has partnered with Patron Capital Partners to compete against FTSE 100 housebuilder Persimmon in the bid to acquire privately-held UK housebuilder Cala Group, it emerged on Wednesday afternoon.
Director dealings: Totally director makes share purchase
Totally revealed on Wednesday that non-executive director Bob Forsyth had acquired 150,000 ordinary shares in the AIM-listed healthcare services firm.
James Cropper reports positive start to new financial year
Advanced materials and paper and packing company James Cropper updated the market on its recent trading on Wednesday, reporting a positive start to the financial year, recovering from the challenging market conditions experienced in the latter half of the 2024 period.
CMA clears Microsoft acquisition of Inflection AI assets
The Competition and Markets Authority (CMA) has approved Microsoft's acquisition of key personnel and intellectual property from Inflection AI, it announced on Wednesday, determining that the deal does not significantly impact competition in the artificial intelligence (AI) market.
Nordstrom gets $23 a share buyout proposal from family founders, Liverpool
Nordstrom confirmed on Wednesday that it has received a buyout proposal from members of the Nordstrom family and Mexican retailer El Puerto de Liverpool (Liverpool) at $23 per share.
Empire Metals upbeat on evaluations from Pitfield Project
Empire Metals updated the market on its ongoing mineralogical and metallurgical studies at the Pitfield Project in Western Australia on Wednesday, focusing on the development of titanium-rich ores.
Barratt profits slump on weak demand, high mortgage rates
House builder Barratt reported a 75% plunge in annual profit, citing cost-of-living pressures, much higher mortgage rates and limited consumer confidence.
Starwood Capital to buy Balanced Commercial Property in £673m deal
Balanced Commercial Property Trust has agreed to be bought by private investment firm Starwood Capital for £673. 5m.
Accsys reports Q1 revenue growth amid 'good demand'
Wood building materials supplier Accsys Technologies said on Wednesday that it had experienced "good demand and revenue growth" in the first quarter as it commenced commercial operations in the USA.
Apax Global Alpha to invest EUR 12m in Altus Fire
Apax Global Alpha announced plans to invest €12m in Altus Fire & Life Safety, a provider of fire and life safety services in the northeastern United States, on Wednesday.
Eurocell profits rise by a third despite fall in sales
Eurocell, a UK manufacturer and recycler of PVC window, door, and roofline products, reported a significant increase in profits for the first half on Wednesday, despite lower sales.
Revenue rises, net profit falls for Gulf Marine Services
Gulf Marine Services has reported a 9% increase in revenue for the first half on Wednesday, reaching $80. 7m, driven by higher demand for its S-Class vessels and improved fleet day rates.
Wizz Air announces first A321XLR long-range route
Wizz Air confirmed its first route using the new Airbus A321XLR long-range narrowbody aircraft on Wednesday, with direct flights between Milan Malpensa and Abu Dhabi.
Pinewood Technologies invests $4.2m in automotive AI firm Seez
Pinewood Technologies announced a strategic investment and commercial partnership with Seez App Holding, a leading global automotive artificial intelligence (AI) company, on Wednesday.
Chapel Down slumps as CEO departs, profits slide
Chapel Down tumbled on Wednesday as it announced the departure of its chief executive and reported a drop in first-half profits and revenue.
CLS inks expanded leasing deal at Hamburg property
CLS Holdings announced a significant leasing agreement at its Fangdieckstrasse 75 property in Hamburg on Wednesday, securing over 8,900 square metres of office and laboratory space.
CAB Payments H1 profits slump as FX headwinds persist
Financial technology group CAB Payments said on Wednesday that interim profits had slumped as FX headwinds continued to weigh on earnings.
M&G reports H1 net outflows of £1.5bn
Investment manager M&G reported net outflows of £1. 5bn for the six months ended 30 June, excluding its Heritage division, a marked difference compared to net inflows of £700. 0m at the same time a year earlier.
Coats completes pension scheme de-risking
Industrial thread maker Coats Group said it had completed de-risking its UK defined benefit pension scheme by purchasing a £1. 3bn bulk annuity policy.