Market Pulse
Zinc Media confident in second-half uptick in TV production
Television and content production company Zinc Media reported first-half revenue of £14. 1m on Monday, down from £17. 7m in the first half of 2023, reflecting a wider market trend of production being weighted toward the second half of the year.
Cirata scores contract renewal with HSCS
Software firm Cirata revealed on Monday that it has secured a contract renewal with the Health Care Service Corporation.
Anpario acquires US animal health and nutrition products business
Animal feed additives manufacturer Anpario revealed on Monday that it had acquired US animal health and nutrition products business Bio-Vet.
Short-seller ShadowFall takes bet against 3i Group
3i Group fell on Monday following a report that short-seller ShadowFall Capital and Research has taken out a multimillion-pound short position against the investment trust, saying that its largest holding, Action, was overvalued.
Vodafone says Three UK merger will not require shareholder approval
Telecommunications giant Vodafone said on Monday that its proposed merger with Three UK would not require shareholder approval under new UK listing rules.
Playtech upbeat after strong first half
Playtech posted a strong first-half performance on Monday, with revenue increasing 5% to €906. 8m and adjusted EBITDA rising 11% to €243m, driven by robust growth in its B2B division.
Petrofac shares tumble as it reports challenging first half
Petrofac reported a challenging first half on Monday, with revenue reaching $1. 24bn, a slight increase from $1. 23bn in the same period in 2023, as it recorded a first-half EBIT loss of $106m, widening from a $72m loss a year earlier.
Entain taps Stella David for chair
Bookmaker Entain revealed on Monday that Stella David will take over from Barry Gibson as chair, effective immediately.
London open: Stocks flat as investors mull GDP data
London stocks were steady in early trade on Monday as data showed the UK economy grew less than initially thought in the second quarter of the year.
QinetiQ agrees sale-and-leaseback of Farnborough site
QinetiQ Group announced the sale of its 407-acre freehold site at Cody Technology Park (CTP) in Farnborough on Monday, to a fund managed by Tristan Capital Partners, for £112m.
UK second-quarter growth revised lower
The UK economy grew less than initially estimated in the second quarter, according to figures released on Monday by the Office for National Statistics.
London pre-open: Stocks seen down as investors mull GDP, house price data
London stocks were set to fall at the open on Monday as investors mulled the latest UK GDP and house price data.
Monday newspaper round-up: Coal power plant, Deloitte, RBS scandal
Britain’s only remaining coal power plant at Ratcliffe-on-Soar in Nottinghamshire will generate electricity for the last time on Monday after powering the UK for 57 years. The power plant will come to the end of its life in line with the government’s world-leading policy to phase out coal power which was first signalled almost a decade ago. – Guardian.