News And Announcements
Daily Mail goes private after family secures backing
Jonathan Harmsworth has succeeded in taking Daily Mail and General Trust private after securing enough shareholder support over the opposition of some prominent investors.
Kazera reports strong increase in diamond production
Kazera Global said on Thursday that diamond production for the current cycle through to January was already in excess of 750 carats, with a target of 1,000 carats for the entire cycle.
Shield shares surge on expansion of US coverage for Accrufer
Commercial-stage pharmaceutical company Shield Therapeutics updated the market on progress made on payer coverage of ‘Accrufer’ in the United States on Thursday.
IAG, Globalia abandon Air Europa deal
IAG said on Thursday that it has agreed with Spain's Globalia to terminated an agreement to buy rival Air Europa - a decision that will cost the British Airways and Iberia owner €75m.
Plexus expands licence agreement with Cameron
Oil and gas engineering service provider Plexus announced on Thursday that it has entered into an agreement with Cameron to expand the scope of its existing licence agreement, enabling Cameron to use Plexus' ‘POS-GRIP’ method of wellhead engineering on conventional and unconventional surface production oil and gas wells.
Amte Power confirmed as partner on EV charging system project
Lithium- and sodium-ion battery cell manufacturer Amte Power has been confirmed as a partner in the new UK government-funded project ‘Celeritas’, it announced on Thursday, to develop ultra-fast charging systems for electric vehicles.
Harvest Minerals completes construction of solar power facility
Remineraliser producer Harvest Minerals announced on Thursday that it has completed construction of its solar power facility, which would meet 100% of the power requirements at its Arapua Fertiliser Project in Brazil.
Reddit eyes up Wall Street debut
Reddit has taken its first official steps towards launching an initial public offering, the US tech firm confirmed on Thursday.
Jadestone Energy achieves annual daily production target
Asia-Pacific-focussed oil and gas production company Jadestone Energy updated the market on its operations and guidance for 2021 on Thursday, reporting that it achieved the target of delivering around 20,000 barrels of oil equivalent of production per day by year-end.
FRP Advisory earnings rise amid 'mixed' market environment
Professional services provider FRP Advisory Group reported a 25% improvement in first-half revenue on Thursday, to £44. 7m, or an 8% rise on an organic basis.
Advanced Medical Solutions to end year in line with forecasts
Tissue-healing technology specialist Advanced Medical Solutions updated the market on trading ahead of the end of its financial year on Thursday, reporting that results were set to be in line with market expectations.
BoE raises interest rates to 0.25% in surprise move
The Bank of England voted for a surprise increase in interest rates to 0. 25% on Thursday to stop inflation taking hold with prices rising faster than expected.
Seeing Machines wins contract with large German carmaker
Driver monitoring technology company Seeing Machines announced on Thursday that it has been appointed by an existing global automotive tier-1 supplier customer to deliver its ‘FOVIO’ driver and occupant monitoring system (DOMS).
Smith & Nephew to return up to $300m to shareholders in new strategy
Medical device maker Smith & Nephew outlined its new ‘strategy for growth’ on Thursday, targeting consistent 4% to 6% organic revenue growth by 2024, “structurally ahead” of historic levels, as it made a new commitment to return up to $300m of capital to shareholders.
ProCook profits dip but revenues grow in maiden results
Kitchenware brand ProCook posted a drop in first-half profit as ecommerce and retail costs rose, but an increase in revenues in its first results as a listed company.
Chinese creditors sue Evergrande
Chinese creditors are suing embattled property developer China Evergrande Group for more than $13bn, it was reported on Thursday.
FCA fines GAM and Haywood over Greensill-linked lapses
The Financial Conduct Authority has fined GAM International Management £9. 1m and former star fund manager Tim Haywood more than £230,000 for failing to manage conflicts of interest linked to the Greensill scandal.
McBride warns of bigger first-half loss amid rising costs
McBride shares tumbled on Thursday after the cleaning products maker warned that it would suffer a bigger loss than initially expected for the first half amid rising costs.
ITM Power narrows losses, maintains full-year guidance
Energy storage and clean fuel company ITM Power reported first-half revenue of £4. 1m in a trading update on Thursday, up from £0. 2m year-on-year, as its gross loss narrowed to £2. 4m from £2. 8m.
Domino's shares hit record after franchise dispute resolved
Domino's Pizza shares jumped to a record high after the company settled a long-running dispute with its franchisees, opening the way for more stores and the adoption of new technology at the fast-food chain.