Company News
Wednesday preview: Central bank activity to dominate
In the absence of any major economic data, all eyes will be on the central banks on Wednesday as a number of key events are set to dominate headlines.
Director dealings: Restore director snaps up shares
Restore revealed on Tuesday that non-executive director Lisa Fretwell had acquired 4,800 ordinary shares in the AIM-listed information management firm.
Reeves considering tax hike on Amazon, online retailers - reports
Chancellor of the Exchequer Rachel Reeves is considering a tax increase on large e-commerce companies like Amazon in her upcoming budget, according to reports on Tuesday, in a bid to support the UK’s ailing high street.
Petro Matad to start production at Heron-1 well
Mongolian oil company Petro Matad announced on Tuesday that production at its Heron-1 well in Block XX was set to start by 25 October.
Barclays in talks with Brookfield about sale of UK payments arm - report
Barclays has reportedly re-entered talks about a heavily structured deal to offload a stake in a major division of its British operations to asset management firm Brookfield.
System1 pleased with second quarter trading
System1 Group reported strong second-quarter growth in a trading update on Tuesday, driven by a significant increase in platform revenue.
Genus CFO Alison Henriksen to retire
Genus said on Tuesday that chief financial officer Alison Henriksen plans to retire after five years with the animal genetics company.
GM smashes Q3 forecasts, raises full-year guidance again
General Motors comfortably beat market expectations with its third-quarter results on Tuesday and raised its annual profit guidance for the third time this year.
Newmark Security confident despite some contracts slipping into H2
Electronic and physical security systems provider Newmark Security reported continued progress in an update on Tuesday.
Empresaria reports ongoing market challenges
Specialist staffing firm Empresaria Group reported ongoing challenges in a trading update on Tuesday, due to difficult market conditions that had affected the industry for the past two years.
Sunda still working to secure Pacific LNG investment in Chuditch
Southeast Asia-focussed gas explorer Sunda Energy updated the market on operations at its Chuditch production sharing contract (PSC) in Timor-Leste on Tuesday, and outlined its plans for new ventures in the region.
Sabre Insurance see growth softening as competition picks up
Shares in Sabre Insurance fell sharply on Tuesday after UK motor insurance underwriting firm warned of a "slight softening" in pricing this year, despite the company remaining on track for record premium income.
Pinewood Technologies secures 5-year contract with Marshalls, shares jump
Pinewood Technologies surged on Tuesday after saying it had secured a five-year contract with automotive retailer Marshalls to implement Pinewood systems into their stores.
CleanTech extends Laguna Verde payment terms
Chile-focussed sustainable lithium developer CleanTech Lithium announced an agreement to extend the payment terms for the second stage of its acquisition of the Laguna Verde licences on Tuesday.
Orosur Mining upbeat on recent progress in Colombia
Orosur Mining updated the market on exploration activities at its Anzá Project in Colombia on Tuesday, reporting significant progress at the Pepas Prospect and promising results from historical sampling at the El Cedro and El Roble prospects.
Brickability H1 trading in line with management expectations
Construction products group Brickability said on Tuesday that its H1 financial performance was in line with internal expectations.
SAP shares surge as full-year guidance raised
Shares in SAP jumped in Frankfurt on Tuesday after the German enterprise software giant raised its annual guidance on the back of a strong increase in cloud revenues in the third quarter, driven by strong demand for its AI services.
Shoe Zone trims full-year profit expectations, shares slide
Shoe Zone slumped on Tuesday as the budget shoe retailer downgraded its full-year profit expectations, reporting a drop in sales and pinning the blame partly on the weather.
Alphawave IP flags another strong quarter
Alphawave IP reported a robust third-quarter performance on Tuesday, marking the fourth consecutive quarter with bookings exceeding $100m.
Revel Collective confident despite wider full-year losses
Bar and gastropub operator the Revel Collective reported total sales of £149. 5m in its preliminary full-year results on Tuesday, down from £152. 6m in 2023.