Company News
UK retail footfall eases in October - BRC
UK retail footfall declined in October, industry data showed on Friday, reversing much of September’s surprise uplift.
International Paper posts strong quarter, reviews GCF business
International Paper posted strong third-quarter results on Thursday, reporting adjusted earnings of 44 cents per share, surpassing the Zacks consensus estimate of 24 cents by 83%.
Merck tops Q3 earnings forecasts despite slower Gardasil demand
Pharmaceuticals firm Merck reported a solid third quarter on Thursday, with revenue up 4% year-over-year to $16. 7bn, driven by robust sales of its cancer drug Keytruda, although muted demand for the Gardasil HPV vaccine remained a challenge.
Director dealings: Bioventix CFO raises stake
Bioventix revealed on Thursday that chief financial officer Bruce Hiscock had acquired 333 ordinary shares in the London-listed antibodies development and supply company.
Reaction Engines crashes into administration - report
Reaction Engines has reportedly crashed into administration after weeks of talks with potential backers failed to result in a rescue deal.
Filtronic manufacturing output hits targets
Mission-critical communication network components business Filtronic said on Thursday that manufacturing output has reached planned customer volume and quality requirements following strong order flow from SpaceX in H1.
Guardian Metal signs up to acquire Tempiute mine option
Guardian Metal Resources announced on Thursday that it has signed a binding letter of intent with Hinkinite Resources to acquire an option on the Tempiute tungsten mine and mill in Nevada, located 240 kilometres north of Las Vegas.
Danske Bank ups guidance after bumper third quarter
Danske Bank boosted its full-year outlook on Thursday, after third-quarter earnings at Denmark’s biggest lender smashed expectations.
IMI buys Rotterdam-based TWTG for €25m
Engineering firm IMI said on Thursday that it has bought Rotterdam-based TWTG, "a leader" in smart connected asset monitoring solutions for process industries, for €25m (£21m) in cash.
Caspian Sunrise progresses sale of BNG area structures
Caspian Sunrise announced on Thursday that the parties involved in the proposed $88m sale of its shallow MJF and South Yelemes structures at its flagship BNG asset were progressing towards finalising a formal sale and purchase agreement, with completion targeted by the end of the year.
BNP Paribas net income grows as core business faces challenges
BNP Paribas shares were in the red on Thursday morning, after it reported third-quarter net income of €2. 87bn, marking a 5. 9% year-on-year increase, amid challenges in its core lending business and a mixed performance from investment banking.
Oncimmune secures three new contracts
Oncimmune Holdings reported continued commercial progress on Thursday, securing three new contracts since its last update on 9 September.
Hutchmed to receive $20m Fruzaqla milestone payment
Hutchmed China announced on Thursday that it was set to receive a $20m milestone payment from its partner Takeda, after sales of ‘Fruzaqla’, or fruquintinib, surpassed $200m.
Stellantis Q3 sales tank as US inventory reduction continues
Shares in Italian-American auto giant Stellantis edged higher on Thursday after a big drop in third-quarter revenues wasn't as bad as feared, as the company works to cut inventory levels at US dealerships.
Seeing Machines revenue rises, cash outflows narrow
Seeing Machines reported a 17% revenue increase in its year-end results on Thursday, to $67. 6m, aligning with market expectations as regulatory momentum fuelled demand for its driver monitoring technology.
Custodian Property sells vacant Solihull office for £1.4m
Custodian Property Income announced the sale of a vacant office unit in Solihull for £1. 4m on Thursday, achieving a 33% premium over its valuation as of 30 June.
Pan African commissions Mogale Tailings Retreatment operation
Pan African announced the successful commissioning of its Mogale Tailings Retreatment (MTR) operation on Thursday, with the first gold pour at its smelting facility occurring in early October.
Augmentum Fintech to exit investment in FullCircl
Augmentum Fintech announced on Thursday that nCino, a Nasdaq-listed digital banking platform, had agreed to acquire FullCircl, a regulatory technology (RegTech) platform in which it holds an interest.
SocGen reshuffles management as Q3 numbers beat forecasts
French lender Societe Generale posted better-than-expected quarterly profits on Thursday, as it unveiled a shake-up of senior management.
Synthomer trades broadly in line with expectations in Q3
Chemicals business Synthomer said on Thursday that overall Q3 trading was broadly in line with internal expectations as continuing group volumes improved from historically low levels.