News And Announcements
Asos losses widen, sales fall in first half but stock cuts ahead of target
Half-year losses at UK online fast-fashion retailer Asos have widened as it continued to deal with competition from Chinese rival Shein, but said it was ahead of target on shifting the mountain of excess stock it built up during the Covid pandemic.
Agronomics investee Mosa Meat raises EUR 40m
Cellular agriculture investor Agronomics announced the completion of a €40m fundraising round by its portfolio company Mosa Meat on Wednesday.
Eli Lilly weight-loss drug 'significantly' reduces sleep apnoea
Eli Lily’s weight-loss drug tirzepatide has been shown to “significantly” reduce sleep apnoea severity, the US drugs giant said on Wednesday.
First-quarter bookings fall sharply at ASML
Shares in ASML Holding came under pressure on Wednesday, after the chip industry giant disappointed with its first-quarter trading update.
Royal Mail-owner rebuffs takeover approach
Shares in International Distribution Services soared on Wednesday, after it emerged that Czech billionaire Daniel Kretinsky had made a takeover approach for the Royal Mail owner.
Time Out signs deal to open market in Budapest
Media and hospitality company Time Out Group announced plans for a new Time Out Market in Budapest on Wednesday, through a management agreement with Corvin Food Market.
Just Eat shares drop as Q1 orders disappoint
Shares in Just Eat dropped sharply on Wednesday after the food delivery marketplace delivered underwhelming order numbers for the first quarter, though revenue growth picked up sharply in the UK and Ireland.
Eckoh expanding availability of voice cloud platform
Eckoh announced on Wednesday that it has augmented its global secure voice cloud platform, enhancing its availability and geographic coverage.
Liontrust sees annual outflows top £6bn
Liontrust Asset Management reported annual outflows of more than £6bn on Wednesday, but struck an upbeat tone for the coming year.
Tekcapital's Innovative Eyewear inks deal with US firm
Intellectual property investor Tekcapital announced a fresh development from its portfolio company Innovative Eyewear on Wednesday, as the latter launched a strategic partnership with Windsor Eyes, a prominent eyewear manufacturing and distribution firm.
Urban Logistics upbeat as rents strengthen
Urban Logistics REIT struck a confident tone on Wednesday, after rents rose by nearly a quarter in the last three months of the year.
Surface Transforms expecting decent sales growth
Carbon fibre-reinforced ceramic disc brake materials manufacturer Surface Transforms provided detailed sales guidance for 2024 on Wednesday, in response to shareholder demand for a ‘worst case’ forecast.
Equals Group extends deadline as it courts two takeover offers
Financial services provider Equals Group updated the market on its strategic review process on Wednesday, including an extension of the ‘put up or shut up’ (PUSU) deadline.
Workspace Group reports resilient fourth quarter
Office space provider Workspace Group reported resilient customer demand in an update on Wednesday, having completed 343 new lettings in its fourth quarter and boasting a total annual rental value of £8. 7m.
Katoro Gold reports progress on multiple fronts
Katoro Gold said in an update on Wednesday that at the Haneti Project, it had conducted a series of technical meetings and reviews and was preparing to advance to the next stage of exploration.
Investment performance underpins quarterly growth for Brooks Macdonald
Brooks Macdonald updated the market on its funds under management on Wednesday, reported a closing figure of £17. 9bn at the end of March, marking a 2% increase from 31 December.
Hunting reports rise in earnings, flags some cash challenges
Oil services provider Hunting said in a trading update on Wednesday that it had surpassed expectations for first-quarter EBITDA, which rose to $28. 9m from $22. 4m a year earlier, although it was facing challenges in managing its cash position.
GSK posts promising results from gonorrhoea treatment trial
GSK unveiled encouraging outcomes from a pivotal phase three trial on Wednesday, on the potential of gepotidacin as an oral treatment for uncomplicated urogenital gonorrhoea (GC), amid escalating resistance to current therapies.
Antofagasta reports 11% drop in first-quarter output
Copper miner Antofagasta said output fell in the first quarter due to lower grades and maintenance activities at two of its main projects, while the cost of production rose.
De Beers diamond sales fall in cautious market
Provisional rough diamond sales from Anglo-American's De Beers' unit fell to $445m in the third sales cycle compared with $542m a year ago amid a subdued market.