News And Announcements
MusicMagpie still considering options for new finance chief
Secondhand marketplace operator musicMagpie updated the market on its process to appoint a new chief financial officer on Friday.
Location Sciences sells business, contract to Digital Envoy
Location Sciences announced on Friday that it has agreed to sell its insights dashboard and four contracts pertaining to its location data and insights business toUnited States-based IP intelligence company Digital Envoy for up to $0. 7m in cash.
UK retailers want human rights law to protect supply chain workers
More than 35 retailers, manufacturers and investors including Tesco, John Lewis, Primark, Asos and Unilever have called on the UK government to introduce a legal requirement for companies to carry out human rights and environmental checks on their global supply chains.
Beyond Meat cuts Q3 revenue guidance, shares tumble
Beyond Meat cut its revenue guidance for the third quarter on Friday as it cited a decline in retail demand, the impact of the Delta variant and operational challenges, sending shares in the plant-based meat producer tumbling.
Honeywell downgrades FY guidance amid supply issues
Honeywell reported third-quarter earnings at the high end of its guidance range on Friday but downgraded its full-year guidance due to supply chain issues.
SIG lifts full-year outlook
SIG said on Friday that full-year underlying operating profit was set to be ahead of current market expectations despite supply issues, following continued strong sales momentum.
Holders Technology transfers PCB assets to Ventec
Holders Technology said on Friday that its up-for-sale printed circuit board (PCB) assets were transferred to Ventec International on 30 September, with the consideration relating to the sale having now been paid.
Wise slumps as co-founder Hinrikus sells shares
Money transfer firm Wise was under the cosh on Friday after co-founder Taavet Hinrikus sold 10m shares in the company in a placing.
Scirocco Energy reports progress at Tanzania's Ruvuma PSA
Europe-focussed Scirocco Energy updated the market on operational activities in the Ruvuma PSA on Friday, where it owns a legacy position of 25%.
Greencoat Renewables makes first Sweden wind acquisition
Greencoat Renewables announced the acquisition of the 101. 1MW wind farm in Norrbotten County, Sweden from Enercon on Friday.
Cora Gold releases final set of drill results from Sanankoro
West Africa-focussed Cora Gold announced the 14th and final set of drill results from its largest ever 40,000 metre drill campaign at the Sanankoro Gold Project in Southern Mali on Friday.
Nexus Infrastructure revenues improve in full year
Infrastructure and utility service provider Nexus Infrastructure said in a trading update on Friday that it expects to deliver group revenues of £138m for the year ended 30 September, up from £125. 7m a year earlier.
Kitchenware brand ProCook confirms London IPO plans
Kitchenware brand ProCook has confirmed its intention to float on the main market of the London Stock Exchange.
Deltic Energy completes survey over planned Pensacola well
Natural resources investing company Deltic Energy announced on Friday that itself and its operating partner Shell UK have completed the final phase of the site survey programme over the planned Pensacola exploration well location, on licence P2252 in the Southern North Sea.
Supply chain crunch could prove a boon for Starcom
Wireless tracking and protection technology company Starcom reiterated in a trading update on Friday that there were “strong signals” that business was starting to revive, as it had a “strong pipeline” of potential new business.
LSE Group set for more muted fourth quarter after strong Q3
London Stock Exchange Group reported strong performance across all of its divisions in a trading update on Friday, driving 7. 6% growth in third quarter total income, and gross profit growth of 7. 3%.
London Stock Exchange hit by technical glitch
The London Stock Exchange said on Friday that it was experiencing technical issues.
IHG sees room revenue rebounding to pre-pandemic levels
InterContinental Hotels Group reported a “significant” jump in third-quarter room revenue towards pre-Covid pandemic levels after a rebound in bookings during the summer as travel restrictions were eased.
China Evergrande makes coupon payment on offshore bond - report
Debt-laden property developer China Evergrande has paid the $83. 5m interest payment on its offshore bond, just before a 30-day grace period expired, placing it in default, Chinese media reported Friday.
Sainsbury's ends talks on sale of banking unit
UK supermarket chain Sainsbury's said it had ended talks over the sale of its banking operation, claiming the potential bid did not offer good value for shareholders.