Company News
Direct Line to axe 550 jobs amid tough motor market
UK insurer Direct Line said it planned to axe 550 jobs as part of a turnaround plan amid continuing struggles at its motor insurance arm.
Kainos surges on £30m buyback, higher interims
Shares in Kainos surged on Monday after the software group unveiled a £30m share buyback as it reported a rise in interim profit on the back of an 18% rise in recurring revenue, although it remained cautious on full-year prospects.
Evotec surges as Triton said to consider takeover
Evotec surged on Monday as it emerged that private equity firm Triton Partners is considering a takeover bid for the German drug development company after taking a near-10% stake.
Pantheon Resources announces spudding of Megrez-1 well
Pantheon Resources announced the spudding of the Megrez-1 well on Alaska’s North Slope on Monday, targeting the eastern topsets in the Ahpun field.
Team Internet revenue rises, profit before tax falls
Team Internet reported a 1% improvement in gross revenue in the first three quarters of the financial year on Monday, to $615. 1m, while net revenue increased 4% to $143. 6m, bolstered by a rise in gross margins from 22. 6% to 23. 3%.
Science Group on track for record full-year adjusted profit
Science Group announced on Monday that it remains on track to achieve record adjusted operating profit for the 2024 financial year, meeting market expectations.
Westminster Group confirms it's not seeking AIM delisting
Westminster Group clarified in a statement on Monday that it was not considering a cancellation of its AIM listing in London, despite recent media speculation.
Director dealings: Arcontech CEO invests, Hargreaves Services director conducts sale-and-repurchase
Matthew Jeffs, chief executive officer of Arcontech Group, disclosed a series of personal share purchases in the company on Monday, amounting to a total of 60,000 ordinary shares.
Seeing Machines reports strong growth in installations
Driver monitoring technology company Seeing Machines reported strong growth in its quarterly key performance indicators for the first quarter of the 2025 financial year on Monday.
Faron Pharmaceuticals files new patent for Clever-1
Faron Pharmaceuticals, a clinical-stage biopharmaceutical company specialising in immunotherapies for cancer and inflammatory diseases, announced the filing of a new patent application for the use of soluble Clever-1 in targeting T-cell inactivation on Monday, with potential applications in treating autoimmune diseases and inflammatory disorders.
Resolute Mining CEO detained in Mali, shares tumble
Shares in Resolute Mining tumbled on Monday after it confirmed that chief executive Terence Holohan and two other employees have been detained by authorities in Mali.
Caledonia Mining reports mixed third quarter
Caledonia Mining reported a mixed third-quarter financial and operational performance on Monday, driven by fluctuations in gold production, rising costs, and encouraging exploration outcomes at its Zimbabwe-based assets.
Continental smashes Q3 forecasts, but cuts sales guidance
Shares in Continental surged in Frankfurt on Monday after the German auto parts and tyres manufacturer beat estimates with third-quarter profits, as investors shrugged off its move to cut sales guidance for the full year.
PRS REIT amends agreement with adviser amid strategic review
Private rental sector-focussed new build investor PRS REIT announced an amendment to its investment advisory agreement with Sigma PRS Management, its investment adviser, on Monday.
Forterra confident despite challenging trading conditions
Clay and concrete building products manufacturer Forterra reported challenging trading conditions for the four months to the end of October on Monday.
International Personal Finance subsidiary gets full Polish licence
International Personal Finance announced on Monday that its Polish home credit subsidiary, Provident Polska, has secured a full payment institution licence from Poland’s financial supervisory authority, the Komisja Nadzoru Finansowego (KNF).
Bitcoin tops $82,000 level in early Monday trading
Bitcoin has surged well past the $80,000 mark for the first time, propelled by investor optimism following Donald Trump’s US election victory, with expectations that his administration would support a friendlier regulatory environment for digital currencies.
Heathrow ups traffic forecast after record passenger numbers in October
Heathrow recorded its busiest ever October, serving with more than 7. 2m passengers due to a strong half term, as the airport raised its traffic forecasts for the full year.
RHI Magnesita reports continued weak demand conditions
RHI Magnesita reported a steady third-quarter performance amid challenging demand conditions in an update on Monday, as it warned of softer full-year sales than previously expected.
Great Portland Estates buys West End site, signs new £150m loan
London-focused real estate group Great Portland Estates is spending £58. 5m on a refurbishment opportunity near Tottenham Court Road, as the company announced the signing of a new £150m ESG-linked unsecured revolving credit facility (RCF).