Company News
Xaar CFO Ian Tichias resigns
Inkjet printing technology group Xaar said on Wednesday that chief financial officer Ian Tichias has resigned "to pursue other opportunities".
Company veteran named chief scientific officer at Pfizer
Pfizer has appointed company insider Chris Boshoff as its new chief scientific officer, the US drugs giant confirmed on Wednesday.
Tokyo metro operator grabs Elizabeth Line contract from China's MTR
Tokyo's metro system operator, Japanese trading company Sumitomo and Britain's Go-Ahead Group have won a contract to operate London's troubled Elizabeth Line, taking over from China's MTR, officials announced on Wednesday.
Director dealings: Sirius CEO invests, TBC Bank executive sells shares
Sirius Real Estate disclosed a number of share transactions involving its chief executive officer Andrew Coombs, and a person closely associated (PCA) with him, Sharon Clarke-Wills, on Wednesday.
E.ON must pay £14.5m over billing failures - Ofgem
E. ON has been fined £14. 5m by the UK watchdog for "unacceptable" billing failures during the cost of living crisis, it was announced on Wednesday.
Coats holds guidance on strong sales, targets 18% op margin
Industrial thread maker Coats said it expected full-year results to be in line with expectations and forecast an operating margin of around 18%, driven by strong sales growth.
Poolbeg Pharma granted new US patent
Clinical-stage biopharmaceutical company Poolbeg Pharma announced on Wednesday that it has been granted a US patent for its ‘Immunomodulator I’ application.
Silverbullet wins £1.5m worth of new contracts
Silverbullet reported strong trading in its fourth quarter on Wednesday, marked by record-breaking performance in October and new contracts worth £1. 5m.
Target shares sink after big Q3 earnings miss
Shares of Target plunged by nearly a fifth in pre-market trading on Wednesday after the American discount retail chain missed third-quarter profit forecasts by a wide margin and lowered its full-year guidance.
Santander puts aside £295m to cover possible motor finance claims
Profits tumbled at Banco Santander’s UK business, the Spanish lender confirmed on Wednesday, after it set aside nearly £300m to cover potential costs relating to an industry-wide probe into car finance.
Equals announces another extension to takeover deadline
Equals Group announced another extension to the ‘put up or shut up’ (PUSU) deadline on Wednesday, for a potential all-cash acquisition by a consortium led by Embedded Finance (Railsr), TowerBrook Capital Partners, and JC Flowers.
Tracsis confident after year of transformation
Transport technology specialist Tracsis reported full-year revenue of £81m on Wednesday, a slight 1% decline, while adjusted EBITDA fell 20% to £12. 8m, resulting in an EBITDA margin of 15. 7%.
Greencoat Renewables sells Kokkoneva wind farm for 6pc premium
Greencoat Renewables announced on Wednesday that it has finalised the sale of its 43. 2 MW Kokkoneva wind farm in Finland to Aneo, a Norwegian renewable energy company and one of the largest onshore wind asset owners in Norway.
Churchill China tumbles after profit warning
Shares in Churchill China tumbled on Wednesday as it warned that 2024 profit would be "materially below" market expectations and the outlook for 2025 will also be affected, as global hospitality markets remained "subdued".
Redcentric confident for the full year
Redcentric said it remained on track to make "considerable progress" this year, including a jump in annual earnings, despite a slowing order intake.
EnQuest to miss production targets after unplanned outage in North Sea
UK and Malaysia-focused energy group EnQuest has trimmed its production outlook for the full year after an unplanned outage at the Ninian Central Platform in the North Sea.
Knights Group pleased with solid first half
Knights Group reported a robust half-year performance in an update on Wednesday, with underlying profit before tax rising 25. 9% to £14. 6m, compared to £11. 6m in the same period last year.
Vistry's chief operating officer to step down
The chief operating officer of Vistry is to leave the housebuilder, it was confirmed on Wednesday, after his role was axed.
Softcat first-quarter trading in line, customer demand ‘resilient’
IT infrastructure and services provider Softcat said on Wednesday that first-quarter trading was in line with guidance.
FRP Advisory upbeat after robust first half
FRP Advisory Group reported a robust first-half performance in an update on Wednesday, with revenue rising 32% year-on-year to £77. 6m, driven by 23% organic growth and 9% contribution from acquisitions.