Company News
Director dealings: Abrdn CEO snaps up shares
Abrdn revealed on Thursday that chief executive Jason Windsor had acquired 357,635 ordinary shares in the FTSE 250-listed investment firm.
Friday preview: US inflation data, UK retail sales in focus
Investors' focus at the end of the week will continue to be on the inflation picture in the US.
MicroSalt files US patent application for new formulation
MicroSalt announced the filing of a new patent application with the United States Patent and Trademark Office on Thursday, for a new method to create granulated salt from powdered formulations.
Soho House receives takeover offer from unnamed consortium
Shares in New York-listed Soho House & Co soared on Thursday after the private members club revealed that it had received a takeover offer valuing the company at around $1. 8bn.
IP Group raises buyback again after its biggest-ever exit
Early stage science investor IP Group has received £119m in initial cash proceeds from the sale of portfolio company Featurespace to Visa, and will beef up its share buyback plan by £25m after the biggest exit in its history.
Bank of England leaves interest rates unchanged
The Bank of England left interest rates on hold at 4. 75% on Thursday, in a move widely expected following a recent uptick in inflation.
Sabien Technology project approved by City of Phoenix
Sabien Technology Group announced significant progress on its waste plastics-to-oil initiative in the United States on Thursday, following the approval of its project by the City of Phoenix Council on 18 December.
Conygar granted planning permission for Nottingham student property
The share price of Conygar Investment Company continued its recent slide on Thursday despite the property company being granted planning permission for a 383-bed student accommodation development in Nottingham.
Synergia reports progress with Cambay workover programme
Synergia Energy updated the market on its workover activities at the Cambay PSC in India on Thursday, where it holds a 50% working interest.
Bestway launching CVA amid off-licence lease challenges
Bestway Group, one of the UK’s largest privately owned companies, is initiating a company voluntary arrangement (CVA) to address challenges in its Bargain Booze and Wine Rack retail operations, it was reported on Thursday.
New Property Franchise Group CFO to start in January
Multi-brand property franchisor the Property Franchise Group announced on Thursday that, after a transition period, Ben Dodds was being fully appointed as its chief financial officer, effective 2 January.
Serabi Gold commissions Coringa classification plant
Brazil-focused gold mining and development company Serabi Gold announced the full commissioning of the classification plant at its Coringa Gold Operation in Brazil’s Pará State on Thursday.
FD Technologies proposes £120m tender offer to shareholders
FD Technologies confirmed plans to return up to £120m to shareholders on Thursday, through a tender offer following the disposal of its First Derivative business to EPAM Systems.
GlobalData secures £340m of new debt facilities
Data, analytics, and insights specialist GlobalData announced new debt financing facilities totaling £340m on Thursday, to support its growth transformation plan and enhance its capacity for mergers and acquisitions.
BT wins appeal against £1.3bn class action over 'excessive' pricing
BT Group has won an appeal against a £1. 3bn class action lawsuit alleging the Telecoms operator overcharged millions of customers for fixed telephone lines.
Average water bills to rise by 36% over next five years
Average water bills are to rise by over a third in the next five years, the UK regulator confirmed on Thursday.
Navantia strikes deal to buy Titanic shipbuilder Harland & Wolff
Historic shipyard owner Harland & Wolff is to be acquired out of administration by Spain’s Navantia, it was confirmed on Thursday, saving 1,000 jobs.
Pipehawk makes 'positive start' to FY25
Engineering solutions firm Pipehawk said on Thursday that it has made "a positive start" to the current financial year, underpinning management's "cautious projection" of a return to operating profitability.
Triple Point Energy Transition chair exits as wind-down continues
Sustainability-focused investment trust Triple Point Energy Transition has announced the resignation of its chairman to reduce operating costs amid an orderly wind-down of the company.
Great Western Mining to start pilot production at Western Milling JV
Great Western Mining announced on Thursday that pilot production at the Western Milling joint venture in Nevada was set to start, following an inspection by the Nevada State Inspector of Mines, scheduled for 16 January.