Company News
Thursday preview: US producer prices, Fed's Powell in focus
Investors' focus on Thursday will continue to be on the inflation picture in the States.
BioNTech to acquire China's Biotheus in $800m deal
German biotechnology company BioNTech announced the $800m acquisition of Chinese biotech firm Biotheus on Wednesday, in a bid to further strengthen its oncology pipeline.
Director dealings: Jadestone CEO snaps up shares
Jadestone Energy revealed on Wednesday that chief executive Alexander Blakeley had acquired 443,100 ordinary shares in the AIM-listed upstream production company.
Charter Communications to buy Liberty Broadband in all-share deal
Cable operator Charter Communications said on Wednesday that it has agreed to buy Liberty Broadband, which is controlled by US cable pioneer John Malone, in an all-share deal.
Power Metal announces accelerated uranium exploration plan
Power Metal Resources announced an accelerated exploration plan for its uranium-focused joint venture with UCAM on Wednesday, targeting its Badger Lake Property in Canada’s Athabasca Basin.
Kefi Gold launches strategic review of GMCO joint venture
Kefi Gold and Copper announced a strategic review of its stake in the Gold and Minerals (GMCO) joint venture in Saudi Arabia on Wednesday, which it holds with majority partner Abdulrahman Saad AlRashid & Sons (ARTAR).
Sweden’s Klarna files for US IPO
Swedish buy-now-pay-later firm Klarna has filed paperwork with the US Securities and Exchange Commission as it looks to list in the US.
Babcock profits jump on global instability, govt defence demand
UK weapons maker Babcock reported a sharp jump in half-year profits and held annual guidance as geopolitical tensions increased demands from governments for military hardware.
Gelion announces solid-state separator breakthrough
Battery technology company Gelion announced a breakthrough in the development of solid-state separators for lithium-sulphur (Li-S) and lithium nickel manganese cobalt oxide (Li-NMC) batteries on Wednesday.
GCP Infra pays down debt in third quarter
GCP Infrastructure Investments released its latest quarterly investor update on Wednesday, reporting a net asset value of 105. 22p per share as at 30 September, with the diversified portfolio valued at about £1bn, comprising 50 investments that included partial inflation protection.
Regional REIT upbeat on third-quarter performance
Regional REIT issued a positive third-quarter trading update on Wednesday, marked by a 9. 3% increase in new letting income this year.
Opus Energy agrees redress after 20 years of overcharging
Opus Energy has agreed to pay over £7m in compensation after overcharging nearly 88,000 business customers due to long-standing billing errors, Ofgem announced on Wednesday.
Workspace opens first 'net zero' building in Islington
Workspace Group announced the opening of its first ‘net zero’ building, Leroy House in Islington, on Wednesday, after transforming a historic 1930s watchmaker’s factory into a 57,000 square foot sustainable workspace to meet strong demand from small-to-medium enterprises.
Great Western Mining reports promising sampling results
Great Western Mining reported promising results from its soil and grab sampling at the West Huntoon porphyry copper prospect in Mineral County, Nevada on Wednesday.
Gulf Marine Services secures new support vessel contract
Gulf Marine Services announced on Wednesday that it has secured a new contract for one of its self-propelled, self-elevating support vessels in the Middle East.
Post Office to offload more than 100 branches
More than 100 Post Office branches are facing closure, it was announced on Wednesday, as the state-owned business announced plans to overhaul itself in the wake of the Horizon IT scandal.
Fuller Smith & Turner delivers strong H1, but warns of "pain" from tax changes
Pubs and hotels group Fuller Smith & Turner said it is on track to hit market forecasts this year after a strong first half, which saw profits rose by a fifth, and painted an optimistic outlook despite concerns about recent tax changes in the government's autumn budget.
Augmentum Fintech invests $4m in Emirati firm Pemo
Augmentum Fintech announced a $4m investment as the lead investor in a $7m funding round for Emirates-based fintech company Pemo on Wednesday.
Craneware sees 'positive momentum' carry over into FY25
Software firm Craneware confirmed on Wednesday that the "positive momentum" seen in FY24 has continued into the current year, with prior investments supporting continued revenue and underlying earnings growth.
Siemens Energy ups mid-term targets after stellar results, shares soar
Shares in German energy giant Siemens Energy surged by almost a fifth on Wednesday after the company upped its medium-term financial forecasts after hitting all of its annual goals for the current year.