News And Announcements
Summerway to buy medicinal cannabis group Vertigrow
Summerway Capital has agreed to buy Vertigrow Technology, a medicinal cannabis producer, for £80m to take the business public and expand it.
Independent retailers help stem rise in empty stores - BRC
Empty UK stores remained at a record high in the third quarter but vacancies did not rise for the first time in more than three years as independent retailers revived, an industry survey showed.
Chariot inks initial deal with 'leading' energy group
Africa-focussed transitional energy company Chariot has signed a memorandum of understanding with a “leading” international energy group, it announced on Thursday.
Equals Group completes 'material transaction' for large client
Fintech payments company Equals Group has completed a material international payments transaction for a large corporate client, it announced on Thursday, that would contribute around £1. 5m to group revenues in the current financial year.
'High chance' BoE will hike rates next week, says Capital Economics
There’s a "high chance" the Bank of England will raise interest rates at next week’s meeting, Capital Economics said on Thursday, adding that it will be "fast out of the blocks but won’t go the distance".
Fox Marble to provide processed marble to Kosovo project
Marble production company Fox Marble has signed a new contract to provide processed marble to a project in Kosovo, it announced on Thursday.
CMA proceeding with probe into Pennon acquisition of Bristol Water
The Competition and Markets Authority gave notice on Thursday that it has sufficient information on the completed acquisition of Bristol Water by Pennon Group to enable it to begin an investigation.
FirstCash to buy American First Finance in $1.17bn deal
US pawn store operator FirstCash has agreed to buy American First Finance in a $1. 17bn deal.
Living standards to fall after Sunak budget - IFS
Living standards will fall for many people in the UK as a result of Rishi Sunak's budget, one of Britain's top economic thinktanks has warned.
Indivior lifts FY guidance as Q3 profits, revenue jump
Indivior lifted its full-year guidance on Thursday as it reported a rise in third-quarter revenue and profit.
Travis Perkins raises profit guidance as positive momentum continues
Builders' merchant Travis Perkins lifted full-year guidance as recent positive trading momentum continued during the third quarter, with the group now expecting full-year adjusted operating profits to be ahead of current market expectations.
Eqtec secures planning resolution from Flintshire council
Waste-to-energy gasification technology company Eqtec announced on Thursday that it has secured a resolution to grant planning consent for an advanced gasification facility deploying its technology at its Deeside refuse-derived fuel project with its partner Logik Developments in Flintshire, Wales.
Eurozone economic confidence beats expectations
Eurozone economic sentiment beat expectations but supply problems suggest problems ahead for the currency zone's businesses.
Vast Resources raises £1.35m to cover working capital shortfall
Mining company Vast Resources has raised gross proceeds £1. 35m gross through a placing, it announced on Thursday, to cover a shortfall in working capital.
Volkswagen cuts deliveries forecast amid chip shortage
German car maker Volkswagen cut its forecast for deliveries on Thursday due to issues with the supply of semiconductors, as it reported a drop in third-quarter operating profit.
Greatland Gold upbeat on latest Havieron drilling
Mining exploration and development company Greatland Gold updated on the drilling campaign at the Havieron gold-copper project in the Paterson region of Western Australia on Thursday, with the latest results comprising 22 new drill holes from the infill and growth drilling programmes, plus 11 holes previously reported.
Strong first half continues into third quarter for Inspecs
Eyewear frame designer, manufacturer and distributor Inspecs Group updated the market on its trading in the first nine months of the year on Thursday, reporting that the “strong” first-half performance had continued into the third quarter.
Chip shortages sees UK Sept car production hit lowest level in 40 years
UK car production fell for the third month in a row, hitting its lowest level in four decades, industry data revealed on Thursday.
Potential buyer of Eurasia Mining assets completes due diligence
Palladium, platinum, rhodium, iridium and gold producing company Eurasia Mining updated the market on its potential asset sale on Thursday, reporting that the ‘credible’ buyer had completed its due diligence.
Virgin Wines revenue jumps in 'milestone year'
Virgin Wines UK reported a 30% improvement in group revenue in its annual results on Thursday, to £73. 6m, making for the second consecutive year of higher-than-30% revenue growth.