News And Announcements
M&S lifts guidance again as interims beat expectations
Food and clothing retailer Marks & Spencer lifted annual guidance for the second time in three months as interim earnings rose above pre-pandemic levels.
Velocys strikes sustainable fuel offtake deal with Southwest Airlines
Sustainable fuels technology company Velocys announced on Wednesday that its wholly-owned subsidiary Velocys Renewables had entered into its first offtake agreement for the sustainable aviation fuel (SAF) to be produced at the planned Bayou Fuels biorefinery project in Mississippi, with Southwest Airlines.
Dunelm under fire over 'excessive' executive pay
Homewares retailer Dunelm is finding itself the target of a shareholder advisory organisation for the “excessive” pay package enjoyed by its chief executive.
Dekel Agri-Vision reports solid production growth for October
West Africa-focussed agriculture company Dekel Agri-Vision updated the market on its production in October at the Ayenouan palm oil project in Côte d'Ivoire, reporting a 28. 2% increase year-on-year.
Power Metal expands Saskatchewan uranium portfolio
Exploration company Power Metal Resources announced a uranium exploration portfolio expansion at its wholly-owned interests surrounding the Athabasca Basin in northern Saskatchewan, Canada on Wednesday.
Hershey to buy Dot's Pretzels and Pretzels Inc for $1.2bn
US chocolate maker Hershey has agreed to buy Dot’s Pretzels - the owner of Dot’s Homestyle Pretzels - and Pretzels Inc, for around $1. 2bn deal.
Insig AI taps Colm McVeigh as new chief commercial officer
Data science and machine learning technology company Insig AI announced on Wednesday that Colm McVeigh had joined as its new chief commercial officer.
China's Evergrande said to be on brink of default
Beleaguered Chinese property group Evergrande is reportedly teetering on the brink of default.
Ofgem fines Utility Warehouse £1.5m for failing to treat customers fairly
Energy provider Utility Warehouse has been fined £1. 5m by Ofgem for failing to consistently treat customers fairly during the period from 2013 to 2019.
PCI-PAL makes 'excellent start' to year, files defence against patent infringement claim
Secure payments provider PCI-PAL said on Wednesday that it had made "an excellent start" to the 2022 trading year, with the group performing "very well" across its key metrics.
Bowleven narrows losses as it works towards final investment decision
Africa-focussed oil and gas exploration company Bowleven reported a loss of $1. 98m (£1. 47m) in its full-year results on Wednesday, narrowing from $2. 63m year-on-year.
ADVFN to pay maiden dividend after swinging to profit
Stock trading platform operator ADVFN reported revenue of £9. 06m in its final results on Wednesday, up from £7. 07m year-on-year, as it swung to an operating profit of £1. 63m from a loss of £0. 32m.
Zenova secures major supply deal with Australian distributor
Fire safety and heat management technology company Zenova Group has secured a “major contract” for the supply of its products in Australia, it announced on Wednesday.
Vast completes latest sale of concentrate from Baita Plai
Mining company Vast Resources updated the market on its producing Baita Plai polymetallic mine in Romania on Wednesday.
Karelian reports 'highly anomalous' results from Northern Ireland sampling
Karelian Diamond Resources announced results from its stream sediment sampling programme focused in Northern Ireland on Wednesday, reporting that 10 samples had been collected and shipped to Overburden Drilling Management in Canada for mineral concentration, picking and analysis for indicator minerals.
Sabre Insurance becomes exclusive underwriter for motorcycle insurer MCE
Motor insurance underwriter Sabre Insurance said on Wednesday that it has signed an agreement with MCE Insurance, one of the largest distributors of motorcycle insurance in the UK, to become the exclusive underwriter for its policies with immediate effect.
S4 Capital gross profit beats expectations
Digital advertising company S4 Capital on Wednesday reported a 42% rise in third quarter like-for-like gross profits to £144. 3m – beating guidance of 40% growth.
John Menzies secures 'significant' contract with Mexican airline
Aviation logistics specialist John Menzies said on Wednesday that it has secured a "significant" contract with Mexico's flagship carrier and largest international airline, Aeromexico, which includes ground services at 15 airports across the country.
Syncona's Freeline makes progress in dose-finding trials
Healthcare company Syncona announced new data from its portfolio company Freeline Therapeutics’ ongoing phase 1 and 2 ‘MARVEL-1’ dose-finding clinical trial of ‘FLT190’ for the treatment of Fabry disease on Wednesday, with the second patient dosed generating “encouraging” data.
Market conditions and OSIsoft integration lift Aveva in first half
Aveva reported 9% growth in organic constant currency pro forma revenue for the newly-combined group in its half-year results on Wednesday, to £516. 1m.