Company News
UK shop price inflation slows further in November
Shop prices in the UK continued to decline in November, it was reported on Tuesday, but the rate of deflation slowed, signaling a potential shift in inflationary trends.
Mkango shares surge on HyProMag USA feasibility study
Mkango Resources announced the results of a feasibility study for its HyProMag USA project on Monday, which it described as a rare earth magnet recycling and manufacturing operation planned for the US.
Director dealings: Speedy Hire chairman ups stake
Speedy Hire revealed on Monday that chairman David Shearer has acquired 150,000 ordinary shares in the London-listed equipment rental business.
DSW Capital upgrades outlook after strong first half
DSW Capital reported a resilient performance for the six months ended 30 September on Monday, with results in line with expectations and momentum building in merger and acquisition activity.
MTI Wireless Edge reports stable third quarter
MTI Wireless Edge reported stable revenue and improved profitability for the nine months ended 30 September on Monday, positioning itself for continued growth in its key markets, particularly defence and 5G.
Hummingbird starts production at Kouroussa, cash flow strains remain
Hummingbird Resources announced on Monday that its Kouroussa Gold Mine in Guinea had reached commercial production, although its shares plunged as it also warned of ongoing cash flow issues.
Metals Exploration to beat 2024 gold production, cost guidance
Philippines-focussed gold producer Metals Exploration announced on Monday that gold production for 2024 at its Runruno Project was expected to exceed guidance.
Good Energy extends deadline for potential takeover by Esyasoft
Good Energy Group announced an extension to the deadline for Esyasoft to decide on a potential takeover bid for the company on Monday.
Barclays fined £40m over 'reckless' 2008 Qatar deal
Barclays Bank has been fined £40m by Britain’s financial regulator over alleged secret payments to Qatar during the 2008 global financial crisis to avoid a UK government bailout.
Gail's owner taps Goldman Sachs to oversee auction
Bread Holdings has tapped Goldman Sachs to oversee the auction of British bakery chain Gail's in 2025.
Macy's says staffer hid up to $154m in delivery expenses
US retail store chain Macy's has been forced to delay publication of its third-quarter results, after an employee hid up to $154m in delivery expenses, while preliminary results showed sales missed expectations.
Software Circle agrees new £16.7m loan facility
Software Circle announced a new loan facility agreement with Shawbrook Bank on Monday, securing up to £16. 7m in financing.
ITV surges as suitors said to be circling again
Shares in ITV surged on Monday following a report over the weekend that potential suitors have begun circling the broadcaster again after a prolonged period of share price weakness and renewed questions about its long-term strategic destiny.
Microsoft users report major outage on Outlook and Teams apps
Microsoft customers were reporting what appears to be a major outage on Monday with both Outlook and Teams software out of action.
Kingfisher shares drop on weak profit outlook, Q3 sales miss
Shares in Kingfisher tanked on Monday after the B&Q and Screwfix owner nudged down the midpoint of its annual profit guidance following a weak third quarter, in which group like-for-like sales fell more than forecast.
Falcon Oil upbeat on spudding of Beetaloo well
Falcon Oil & Gas announced the spudding of the Shenandoah S2-4H (SS4H) horizontal well in the Beetaloo Sub-basin of Australia’s Northern Territory on Monday.
Quadrise inks collaboration agreement with Aquamarine
Energy solutions business Quadrise said on Monday that it has struck a collaboration agreement with marine fuel supply systems group Aquamarine.
UniCredit offers to buy rival Banco BPM in €10bn all-stock deal
Italy’s UniCredit said on Monday that it has offered to buy rival Banco BPM in a €10. 1bn (£8. 4bn) all-stock deal.
Thor gets cash injection from tax credits, fluorite rights sale
Thor Energy announced the receipt of payments amounting to AUD 0. 41m (£0. 21m) on Monday, from a combination of a research and development tax rebate and proceeds from a partial licence sale within the Molyhil Joint Venture.
Benchmark Holdings offloads genetics unit
Aquaculture biotechnology company Benchmark Holdings has disposed of its genetics unit for an enterprise value of up to £260. 0m.