Company News
Thursday preview: ECB, IG Group in focus
Investors' focus on Thursday will shift to the other side of the Channel, where the European Central Bank is scheduled to announce its policy decision.
Manchester United full-year losses widen
Manchester United reported a net loss of £113. 2m for the year ended 30 June on Wednesday, although the football club maintained that it was in compliance with both the Premier League's Profitability and Sustainability Rules (PSR) and UEFA’s Financial Fair Play regulations.
Director dealings: Jet2 founder lowers stake
Jet2 revealed on Wednesday that Philip Meeson had disposed of 5. 0m ordinary shares in the London-listed leisure travel business.
Harland & Wolff CFO Raman resigns
Beleaguered shipbuilder Harland & Wolff said on Wednesday that its chief financial officer, Arun Raman, has resigned with immediate effect.
Epwin reports resilient first-half trading
Epwin Group reported resilient trading for the first half on Wednesday, despite a challenging market environment.
Celadon inks partnership with Denmark's Valeos
Celadon Pharmaceuticals announced a strategic collaboration with Danish pharmaceutical company Valeos Pharma on Wednesday, to accelerate the production and supply of high-THC medical cannabis across Europe.
Microlise signs three new contracts
Microlise Group announced the signing of new and expanded contracts with Goldstar Heathrow, One Stop, and Romac on Wednesday, totaling over £2m in value.
Gaming Realms confident after strong first half
Gaming Realms reported strong first-half financial growth on Wednesday, driven by a 28% increase in core content licensing revenue.
Greatland Gold raises £249m to help fund Havieron acquisition
Greatland Gold announced on Wednesday that it has raised £248. 6m through an oversubscribed placing of new shares, aimed at funding the acquisition of key gold-copper assets.
Pan African reports strong set of full-year results
Pan African Resources announced a strong set of financial and operational results for the year ended 30 June on Wednesday, highlighted by a 16. 8% increase in revenue to $373. 8m.
Synergia updates Cambay Field work programme
Synergia Energy updated the market on the planned work programme for the Cambay Field production sharing contract (PSC) in Gujarat, India on Wednesday.
Tata Steel secures £500m for Port Talbot; 2,500 jobs lost
The government has agreed to pay Tata Steel £500m to help redevelop the Port Talbot steelworks, it was announced on Wednesday, securing the site’s future.
Brickability reports resilient trading despite challenging market
Construction materials distributor Brickability Group reported resilient trading in the financial year to date on Wednesday, despite challenging market conditions.
Inditex posts jump in sales, shares spark
Zara-owner Inditex posted a jump in autumn sales on Wednesday, as it flagged "very robust" trading during the first half.
Power Metal signs heads of terms for stake in Oman copper block
Power Metal Resources announced the signing of a non-binding heads of terms agreement with Alara Resources and Awtad Copper on Wednesday, to acquire a 12. 5% stake in the Block 8 copper concession in Oman.
Sweden’s EQT said to be in race for Grant Thornton UK
Swedish buyout firm EQT has reportedly joined a queue of buyout firms exploring the purchase of a big stake in the UK operations of accountancy firm Grant Thornton.
Costain slumps as ASGC dumps entire stake in placing
Costain slumped on Wednesday after Dubai-based Al Shafar General Contracting Company (ASGC) exited its investment in the construction company in a placing of just over 41. 6 million shares to institutional investors.
Revenue rises, losses narrow for Silverbullet
Silverbullet, a provider of AI-driven digital transformation services, reported first-half revenue of £4. 4m on Wednesday, a modest increase from £4. 2m in the same period last year.
Ricardo meets forecasts with full-year profits, but order intake slips
Ricardo has delivered annual results broadly in line with market forecasts, with solid growth in underlying profits, with the engineering, environmental and strategic consultancy services company expressing confidence heading into the new financial year.
Abu Dhabi National Oil expected to make formal offer for Covestro
Abu Dhabi National Oil Company was expected to make a formal offer to acquire German plastic and chemicals manufacturer Covestro for approximately €14. 4bn including debt, according to the Financial Times.