Market Pulse
Helium One announces delay to drilling at Galactica
Helium One Global, a helium exploration company with a 50% stake in the Galactica-Pegasus helium development project in Las Animas County, Colorado, announced a delay to the start of drilling at the Galactica site due to adverse weather conditions.
WH Ireland pre-tax losses narrow amid 'challenging market backdrop'
Financial services business WH Ireland said on Friday that pre-tax losses had narrowed in the six months ended 30 September after the "challenging market backdrop" had "another significant impact" on its performance.
Asia report: Most markets fall as China confirms economic plans
Markets in the Asia-Pacific region closed mixed on Friday, with Chinese equities leading losses as Beijing's stimulus measures failed to meet investors' expectations.
XXL to go ahead with rights issue as Frasers bid unlikely to succeed
Norwegian sportswear retailer XXL said on Friday that it would go ahead with a rights issue as a takeover offer from Mike Ashley’s Frasers Group’s was unlikely to succeed.
Impax shares slide as it loses sole SJP mandate
Shares in Impax Asset Management were sliding on Friday, after it announced the upcoming termination of its mandate to manage the Sustainable & Responsible Equity Fund (SRE) for St James's Place Unit Trust Group (SJP).
Hutchmed to receive $10m milestone payment from partner Takeda
Hutchmed China announced on Friday that it would receive a $10m milestone payment from its partner Takeda, following a national reimbursement recommendation for ‘Fruzaqla’, or fruquintinib, in Spain.
Boohoo urges shareholders to vote against Mike Ashley board appointment
Boohoo’s board responded to the latest chapter in its dispute with Frasers Group on Friday, opposing the latter’s desired board appointments, citing what it called “irreconcilable conflicts of interest” and accusing Frasers of selectively addressing governance requirements.
Portmeirion issues profit warning amid 'challenging and unpredictable market conditions'
Pottery business Portmeirion warned on Friday that both revenue and pre-tax profits for the year ending 31 December were now expected to be below market expectations.
Chapel Down appoints new CEO as CFO steps down
Chapel Down Group announced the appointment of James Pennefather as its new chief executive officer on Friday, effective 1 February.
Royal Mail fined £10.5m for missing delivery targets
Royal Mail has been fined £10. 5m by the communications regulator Ofcom for failing to meet delivery targets for first and second-class mail in the 2023-2024 financial year.
London open: Gains muted as UK economy contracts again
London stocks were in the black in early trade on Friday but gains were muted as data showed the UK economy unexpectedly contracted again in October.
GCM Resources extends MoU with PowerChina
GCM Resources announced a 12-month extension of its memorandum of understanding (MoU) with PowerChina on Friday, over the development of the Phulbari coal mine in Bangladesh.
UK economy unexpectedly contracts in October
The UK economy unexpectedly contracted in October, according to data released on Friday by the Office for National Statistics.
London pre-open: Stocks seen down as UK economy unexpectedly contracts
London stocks were set to fall at the open on Friday following weak sessions in the US and Asia, as data showed the UK economy unexpectedly contracted in October.
Friday newspaper round-up: Shein, clean power, farmers
Britain’s financial regulator is taking longer than usual to approve the fast-fashion retailer Shein’s stock market listing because it is checking its supply chain oversight and assessing legal risks after an advocacy group for China’s Uyghur population challenged the listing, according to two sources close to the matter. Britain’s Independent Anti-Slavery Commissioner, a monitoring body of the Home Office, has also raised concerns within government over a Shein initial public offering (IPO) because of allegations about labour practices at its suppliers.