News And Announcements
Endeavour probe into former CEO finds hidden payments of $15m
An investigation into controversial former Endeavour Mining boss Sébastien de Montessus found two more “deliberately disguised” payments totalling $15m to an unnamed third party, the company said on Wednesday.
Ithaca eyes UK tie up with Eni; Profits slump on UK tax levy
North Sea oil and gas producer Ithaca Energy on Wednesday said it was looking at a potential tie-up with Italy's largest energy firm Eni covering its UK assets and reported a slump in annual profits blaming the British government’s energy tax and project impairments.
European Metals confident in timeline of Cinovec feasibility study
European Metals Holdings updated the market on progress at the Cinovec Project in the Czech Republic on Wednesday, owned by its 49% subsidiary Geomet, focusing on the ongoing definitive feasibility study.
Great Western Mining posts encouraging results from Olympic Project
Great Western Mining released encouraging results from its ongoing exploration efforts on the Rhyolite Dome gold target on Wednesday, within its Olympic Gold Project in Nevada.
Europe open: Shares mirror weaker Wall St; H&M surges on Q1
European shares were flat at the open as investors looked for direction and shares in Swedish fashion giant H&M surged after profits smashed estimates.
Strix posts growth in full-year revenue and operating profit
Strix Group reported a 35. 2% jump in revenue in its 2023 results on Wednesday, to £144. 6m, accompanied by an increase in gross profit to £57. 2m, up 37. 7%.
Accesso enters partnership with Saudi Entertainment Ventures
Accesso Technology Group announced a partnership on Wednesday with Saudi Entertainment Ventures (Seven), a subsidiary of the Saudi Arabia Public Investment Fund (PIF).
SigmaRoc completes acquisition of CRH's UK lime assets
Lime and limestone specialist SigmaRoc announced the completion of its acquisition of the UK lime operations of CRH on Wednesday, which it first announced on 4 March.
Ten Lifestyle inks significant contract with Emirates NBD
Ten Lifestyle Group announced a significant multi-year contract with Emirates NBD, a prominent banking group in the Middle East, North Africa and Türkiye region, on Wednesday.
James Halstead reports solid first half
Floor coverings manufacturer and distributor James Halstead reported robust profitability and a record interim dividend in its interim results on Wednesday.
Asos, Boohoo, Asda ordered to green up their act
UK regulators have ordered Asda, Asos and Boohoo to avoid "greenwashing" environmental claims on the clothing they sell.
EZ consumer sentiment climbs to three-month high
Economic sentiment in the eurozone showed signs of improvement with a closely watched survey showing businesses were becoming more upbeat about future prospects.
H&M surges as Q1 results top expectations
Swedish fashion retailer H&M surged on Wednesday after posting better-than-expected results for the first quarter.
Old Mutual reports solid growth in challenging market
Old Mutual reported notable growth in its results for 2023 on Wednesday, including a 14% increase in results from operations, reaching ZAR 8. 34bn (£349. 18m), and a 21% rise in adjusted headline earnings to ZAR 5. 86bn.
S4 Capital appoints new COO; revenues drop
Martin Sorrell’s S4 Capital appointed a new chief operating officer on Wednesday as it reported a drop in revenues as clients cut back on advertising spend.
Vanquis returns to profitability in second half
Vanquis Banking Group reported a significant second-half turnaround on Wednesday, as after recording a loss in the first half, its new management team implemented swift changes, resulting in an adjusted profit before tax of £30. 4m in the second six months of 2023.
SSE narrows full-year EPS guidance
SSE said on Wednesday that it was narrowing its guidance for full-year 2023/24 adjusted earnings per share, partly to reflect improved renewables output.
Sirius makes first UK acquisition in Gloucestershire
Sirius Real Estate announced a significant portfolio expansion on Wednesday, with the acquisition of Vantage Point Business Village in Gloucestershire.
Revolution Beauty lifts FY outlook
Revolution Beauty lifted its full-year outlook on Wednesday after continued strong trading.
Nick Roberts to step down as Travis Perkins CEO
Travis Perkins announced on Wednesday that Nick Roberts, who has served as chief executive officer for five years, would be stepping down from his role and from the board.