Company News
Wednesday preview: France no-confidence vote, Global services PMIs in focus
All eyes in the middle of the week will be on no-confidence votes against the French government.
AT&T targeting $40bn in shareholder returns as fibre network grows
AT&T has announced plans to distribute $40bn to shareholders over the next three years as it pursues targets to expand America's largest fibre network to 50m total locations by 2029.
Director dealings: Telecom Plus chairman raises stake
Telecom Plus revealed on Tuesday that chairman Charles Wigoder had acquired 200,000 ordinary shares in the FTSE 250-listed utilities supplier.
Vianet returns to profits, reinstates dividend
Hospitality, vending and remote asset management data specialist Vianet Group reported a strong half-year financial and operational performance on Tuesday, as it returned to profitability, reinstated its interim dividend, and reaffirmed its confidence in achieving full-year growth targets.
OptiBiotix to launch new range with India partner
OptiBiotix Health announced the upcoming launch of ‘SlimBiome’-containing products in India under Dr Morepen's new ‘LightLife’ brand on Tuesday.
Marston's upbeat as full-year profits rise
Pub group Marston’s reported a rise in full-year profit and revenue on Tuesday as it struck an upbeat note about the outlook.
BlackRock to snap up HPS in $12bn deal
Wall Street giant BlackRock has agreed to acquire HPS Investment Partners in a $12bn deal, it was announced on Tuesday.
On The Beach reinstates dividend, announces £25m share buyback
On The Beach surged on Tuesday after the package holiday firm reinstated its dividend and announced a £25m share buyback as it posted a rise in full-year profit and revenue.
Lexington Gold reports progress on Ventersburg Project
Lexington Gold reported progress at its Ventersburg Gold Project in South Africa's Free State Province on Tuesday, located in the Witwatersrand Basin - a region responsible for around 40% of the world’s gold production to date.
NatWest on fast track back to private ownership - CEO
NatWest Group is on track to return to full private ownership next year, its chief executive said on Tuesday.
Cadence Minerals shares jump on latest Amapa update
Cadence Minerals announced a significant update to the pre-feasibility study for the Amapá Iron Ore Project in northern Brazil on Tuesday, increasing the project’s post-tax net present value (NPV) by 73% to $1. 97bn.
FCA boss signals willingness to allow Shein IPO
The Financial Conduct Authority has signalled it would be potentially willing to green light Chinese retailer Shein’s London £50bn debut, it was reported on Tuesday.
Discoverie reiterates full-year targets, shares jump
Discoverie Group said it was on track to meet full-year earnings on Tuesday following a "resilient" first half, sending the shares higher.
Oxford Metrics revenue and profits decline in FY24
Smart sensors and software business Oxford Metrics said on Tuesday that both revenues and profits had dropped in the year ended 30 September, principally due to delayed purchase decisions and a slowdown in the global games industry.
Hutchmed endometrial cancer treatment gets conditional approval in China
Hutchmed China and its partner Innovent Biologics announced conditional approval from China’s National Medical Products Administration (NMPA) for the combination of ‘Elunate’, or fruquintinib, and ‘Tyvyt’, or sintilimab injection, to treat advanced endometrial cancer with mismatch repair proficient (pMMR) tumours.
Greatland Gold executes AUD 100m syndicated facility agreement
Greatland Gold announced the execution of an AUD 100m (£51. 22m) syndicated facility agreement with ANZ, HSBC, and ING on Tuesday, enhancing its financial flexibility following the recent acquisition of the Telfer gold-copper mine and related assets from Newmont Corporation.
PRS Reit in 'active discussions' with a number of potential buyers
Close-ended real estate investment trust PRS has announced that it is in "active discussions" with potential bidders after the recent revelation that it was considering a sale.
Wizz Air passenger numbers rise in November
Budget carrier Wizz Air reported a 1. 7% year-on-year jump in passenger numbers for November and a modest uptick in load factor on Tuesday.
Gulf Marine Services wins new small-class vessel contract
Gulf Marine Services, a provider of self-propelled, self-elevating support vessels for the offshore energy industry, announced the award of a new contract for one of its small-class vessels in the Gulf Cooperation Council (GCC) region on Tuesday.
Genel Energy shares slide after losing arbitration hearing
Shares in Genel Energy were sliding on Tuesday morning, after the London Court of International Arbitration ruled in favor of the Kurdistan Regional Government (KRG) late on Monday over the termination of the Bina Bawi and Miran production sharing contracts.