News And Announcements
Invinity makes progress on several 'key' projects
Utility-grade energy storage technology company Invinity Energy Systems updated the market on fourth quarter project deliveries on Friday, including the successful delivery of a number of key UK and US projects.
Morses Club withdraws plans for new structure and holding company
Non-standard financial service provider Morses Club updated investors in recent events on Friday, reporting that after an ongoing review of proposals for the reorganisation of its business and corporate structure to introduce a new holding company, U Money, it had decided not to proceed with the process.
GlaxoSmithKline Covid treatment approved for use in EU
GlaxoSmithKline and Vir Biotechnology said on Friday that the European Commission has given marketing authorisation to Xevudy - sotrovimab - for the early treatment of Covid-19.
Barkby Group exchanges contracts on Swindon development site
Barkby Group announced on Friday that it has exchanged contracts on a property development site in Swindon, Wiltshire.
Artisanal Spirits Company ups stakes in China, Japan operations
The Artisanal Spirits Company, which owns the Scotch Malt Whisky Society membership service, announced on Friday that it has agreed to increase its equity interests in its subsidiary undertakings the Scotch Malt Whisky Society Japan and the Scotch Malt Whisky Society China, incorporated in Hong Kong.
Further rate rises likely if inflation persists - BoE's Pill
The Bank of England’s chief economist has confirmed that further rate rises would be likely should inflation persist.
Aston Martin's Stroll spends £4.8m lifting stake in carmaker
Aston Martin Lagonda executive chairman Lawrence Stroll has spent almost £5m buying more shares in the luxury car maker.
Westminster Group wins turnkey airport security contract in Africa
Security and managed services provider Westminster Group announced on Friday that its technology division has been awarded a contract to design, supply and install screening and surveillance equipment to two airports in southeast Africa.
Hargreaves Services set to benefit from development on Fife land
Industrial and property service provider Hargreaves Services updated the market on the successful financial close of the Westfield energy-from-waste plant on Friday, to be constructed by Brockwell Energy on a site in Fife, Scotland, owned by Hargreaves.
Mattioli Woods performing well as it hunts for more acquisitions
Specialist wealth and asset manager Mattioli Woods updated the market on its first half on Friday, reporting that net inflows into its investment and asset management services and the number of new clients on-boarded in the financial year-to-date were ahead of the prior year.
Pantheon progresses several approvals on Alaska's North Slope
Alaskan North Slope-focussed oil and gas company Pantheon Resources announced on Friday that it has received formal approval for the plan of operations at Theta West and Talitha from the state’s Department of Natural Resource.
Barclays downgrades Boohoo on profit warning
Barclays has cut its rating on Boohoo Group after the fast-fashion retailer surprised with a profits warning.
EU new car registrations fall for fifth month as chip shortage lingers
European Union new passenger car registrations fell for the fifth consecutive month in November, according to industry data released on Friday, with the number sliding 20. 5% year-on-year to 713,346 units.
Supply chain issues could dampen year-end for Zotefoams
Cellular materials technology company Zotefoams updated the market on its trading on Friday, reporting potential sales slightly ahead of current expectations, although it was facing some supply chain difficulties.
CMA says Cellnex purchase of CK Hutchison towers would harm competition
The CMA has provisionally found Cellnex’s proposed purchase of CK Hutchison’s telecoms towers would harm competition.
NatWest and Permanent TSB agree Ulster Bank deal
NatWest Group is to sell a swathe of loans and assets to Permanent TSB Group as part of its withdrawal from Ireland, the blue chip said on Friday.
SIG lifts FY profit expectations after better-than-expected Q4
Building materials specialist SIG upgraded its full-year profit expectations on Friday following better-than-expected trading in the fourth quarter.
Just Eat launches grocery partnership with Asda
Just Eat Takeaway said on Friday that it has teamed up with Walmart-owned Asda to launch a grocery partnership in the UK.
BOJ winds back stimulus but extends support for small firms
The Bank of Japan on Friday said it would wind back emergency Covid pandemic-funding but extended financial relief for small firms.
HSBC fined £63.94m by FCA for anti-money laundering failings
British multinational bank HSBC has been fined £63. 94m by the Financial Conduct Authority for failings in its anti-money laundering processes.