Headline News
Ithaca Energy shares rise on Jocelyn South drilling results
Ithaca Energy shares were in the green on Tuesday, after it noted that exploration drilling at the Jocelyn South prospect in Block 30/07a of the Central North Sea had confirmed the presence of hydrocarbons.
Vistry shares tank as investors deliver Xmas no, no, no
Santa won’t be visiting Vistry shareholders this Christmas after the house builder issued its third consecutive profits warning on Tuesday, with the shares taking as a result.
Harworth finally completes sale of Ansty land site
Harworth Group, a UK-based specialist in regenerating land for sustainable development, announced the completion of the £53. 5m sale of its 278-acre strategic land site in Ansty, Warwickshire, to Rugbyalpha Freeholdco on Tuesday.
Aviva seals £3.75m Direct Line deal, but jobs at risk in cost-cutting drive
Aviva said it had struck a deal to buy troubled insurance rival Direct Line for £3. 75bn after intensive talks over the weekend but warned it would be looking for cost savings via job cuts.
Frasers to make fresh proposal after Boohoo shareholders reject Ashley
Frasers Group responded to the outcome of Boohoo’s Friday shareholder vote on Monday, after it saw the rejection of the proposed board appointments of Frasers’ Mike Ashley and restructuring expert Mike Lennon to the Boohoo board.
Petrofac enters into binding agreement with creditors on restructuring terms
Petrofac said it had entered into a binding agreement with key financial creditors on the terms of a comprehensive restructuring "to significantly strengthen the financial position of the group" and enable it to deliver its strategy.
UK economy stagnates in third quarter
The UK economy stagnated in the third quarter of the year, according to figures released on Monday by the Office for National Statistics.
US consumer confidence edges up in December, inflation expectations mixed
Consumer confidence in the US rose modestly, although inflation expectations were mixed, the results of a closely followed survey revealed.
Americans spend at steady clip in November, PCE prices miss forecasts
Americans continued to spend at a steady clip last month, while prices rose by a tad less than anticipated.
Novo Nordisk shares slide despite promising weight loss trial results
Novo Nordisk has announced promising results from its REDEFINE 1 phase three trial of CagriSema, a combination of cagrilintide and semaglutide designed for weight loss in adults with obesity or overweight and comorbidities.
Two IP Group investees receive cash offers
Science investor IP Group announced on Friday that two of its quoted life sciences portfolio companies have received cash offers, with anticipated proceeds of £13. 8m.
UK retail sales rise less than expected in November
UK retail sales missed expectations in November, but borrowing figures came in better than expected, according to data released on Friday by the Office for National Statistics.
Philly Fed index surprises to the downside in December
Activity in the US mid-Atlantic region weakened at the end of 2024, the results of a closely followed survey showed.
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.
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.
Norges Bank leaves rates on hold at 4.50%, signals March rate cut
Norway's central bank kept interest rates on hold on Thursday at a 16-year high of 4. 50%, as widely expected.
Activist investor demands review of Rio Tinto's structure
Palliser Capital called for an independent review of Rio Tinto’s structure on Thursday, the latest salvo in the activist investor’s campaign to end the miner’s dual-listed status.
Henry Boot to take full control of Stonebridge Homes
Real estate developer Henry Boot is to assume full control of Stonebridge Homes Group, it confirmed on Thursday.
Serco flags underlying profit growth, confidence in 2025
Outsourcing giant Serco forecast full-year revenue of £4. 8bn in an update on Thursday, in line with its prior guidance but reflecting an organic revenue decline of 3%.