News And Announcements
Puretech Health receives $100m from sale of 55% stake in Karuna Therapeutics
Biotechnology company Puretech Health has received approximately $100. 0m in cash from the sale of a portion of the group's shares in its founded entity Karuna Therapeutics.
Halfords lifts profit expectations, shares surge
Halfords upgraded its outlook for full-year profits on Wednesday as it reported growth in first-half profit and revenue, sending shares in the motoring and cycling products retailer surging.
Vodafone agrees to transfer Vodafone Egypt stake to Vodacom
Telecommunications giant Vodafone said on Wednesday that it had agreed to transfer its 55% shareholding in Vodafone Egypt to Vodacom Group, its sub-Saharan African subsidiary.
Wetherspoons sales drop as older customers make fewer visits
Pub chain JD Wetherspoon reported a drop in sales on Wednesday versus pre-pandemic trading, as its older, more cautious customers made fewer visits to pubs.
Network International sells Transguard Cash stake for $74m
Payments company Network International said it had sold its 50% stake in Transguard Cash for $74m (£54. 6m).
China factory gate prices hit 26-year high in October
China’s factory gate prices surged to a 26-year high in October amid a power crisis, according to figures released on Wednesday by the National Bureau of Statistics.
Ibstock refinances £215m revolving credit facility
Ibstock has completed the refinancing of its March 2023 £215m revolving credit facility, it said on Wednesday, diversifying its credit sources at attractive rates, while also achieving a significant extension of its debt maturity profile.
Indivior slumps as Scopia Capital sells 20m shares
Indivior was under the cosh on Wednesday after US alternative asset management firm Scopia Capital sold 20m shares in the opioid addiction treatment maker in a placing.
ITV sees record advertising revenue as economy rebounds
UK broadcaster ITV said it expected advertising revenue to hit new records this year, as the economy opened up after the impact of the Covid pandemic.