Company News
Next lifts profit guidance again to almost £1bn as sales soar
UK clothing retailer Next once again upgraded annual earnings guidance, with full year profits now expected to hit almost £1bn as recent full price sales “materially exceeded” forecasts.
Director dealings: Essentra chairman designate buys shares
Essentra revealed on Thursday that chairman designate Steve Good had acquired 70,000 ordinary shares in the FTSE 250-listed essential components manufacturer.
Lloyd's of London appoints former Treasury vet Charles Roxburgh as chair
Insurance and reinsurance marketplace Lloyds of London has appointed McKinsey veteran and former Treasury official Sir Charles Roxburgh as its new chair.
Axel Springer to split classifieds business from media assets
Politico owner Axel Springer said on Thursday that it had struck a deal with its largest shareholder KKR to split its classifieds business from its media assets.
Thames Water lines up High Court dates in bid to push through debt restructuring
British water utility company Thames Water was said to be lining up court dates in an effort to push through with a massive debt restructuring programme that may keep it out of government hands.
Ashtead to implement new remuneration policy
Equipment rental specialist Ashtead Group said it would implement its remuneration policy, after failing to receive further feedback during a shareholder consultation.
Bank of England leaves interest rates on hold
The Bank of England left the cost of borrowing unchanged at 5% on Thursday, as widely expected, but hinted at further cuts to come.
Angle signs new agreement US biotech Recursion
Angle's share price received a boost on Thursday after the liquid biopsy company announced a new agreement with Utah-based biotech firm Recursion Pharmaceuticals.
SkinBioTherapeutics reports positive results from testing with Croda
SkinBioTherapeutics announced on Thursday that final testing of its ‘SkinBiotix’ technology by Croda Beauty Care had yielded positive results, paving the way for commercialisation.
Accsys announces closure of Tricoya plant in Hull
Accsys Technologies, a provider of sustainable wood building materials, announced its decision to discontinue operations at the Tricoya plant in Hull on Thursday.
EU competition regulator launches compliance proceedings with Apple
European Union competition authorities started proceedings against Apple on Thursday, in a bid to enforce compliance with regulations that mandate the company to open its proprietary ecosystem to competitors.
Feedback inks neighbourhood diagnostics collaboration deal
Medical imaging and diagnostic technology specialist Feedback announced a collaboration agreement with an unnamed provider of primary care solutions on Thursday, to develop a novel ‘neighbourhood diagnostics solution’ aimed at streamlining NHS diagnostic pathways and reducing patient wait times.
Mineral & Financial reports progress at Lagoa Salgada
Mineral & Financial Investments updated the market on its investment in the Lagoa Salgada Polymetallic Project in Portugal, managed by Ascendant Resources, on Thursday.
EU court rules in UK's favour over alleged illegal tax breaks
The European Union has overturned a court ruling against the UK relating to alleged tax breaks for multinational companies, it was confirmed on Thursday.
EnSilica enters TSMC's Design Center Alliance
EnSilica, a provider of mixed signal application-specific integrated circuits (ASICs), announced its entry into the Taiwan Semiconductor Manufacturing Company’s (TSMC) Design Center Alliance (DCA) on Thursday.
Petro Matad to use temporary facilities at Heron-1
Mongolian oil explorer and developer Petro Matad updated the market on operations at its Heron-1 oil discovery well on Thursday.
Trakm8 insurance revenues remain 'depressed'
Telematics business Trakm8 warned on Thursday that improvements in its insurance business had taken "longer than originally anticipated" but noted fleet and optimisation revenues were slightly better than expected.
Sosandar launches in Arnotts, opens own stores
Women’s brand Sosandar announced a fresh retail expansion on Thursday, including an in-store launch at Ireland’s largest department store Arnotts, and the opening of its first two standalone stores in the UK.
Prospex Energy reports reduced first-half loss
Prospex Energy reported a significantly reduced loss in its interim results on Thursday, announcing that it has fully repaid all outstanding debt, positioning itself for future growth and development.
Capricorn Energy delivers upbeat outlook, keeps FY guidance
Capricorn Energy shares jumped on Thursday after the British oil and gas group impressed with its first-half results and reiterated its full-year production guidance.