News And Announcements
Crest Nicholson poised to back £720m Bellway bid
Crest Nicholson said on Wednesday that it was "minded" to recommend Bellway’s revised £720m takeover offer, pushing shares in the housebuilder higher.
Quadrise working towards vessel trials with MSC
Quadrise updated the market on its ongoing project with MSC Shipmanagement of Cyprus (MSC) on Wednesday.
Caledonia Mining reports strong first half at Blanket
Caledonia Mining announced strong gold production results for the quarter and half-year ended 30 June at its Blanket Mine in Zimbabwe on Wednesday.
Honeywell to buy Air Products’ LNG business for $1.81bn
Honeywell said on Wednesday that it has agreed to buy Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1. 81bn in cash.
HSBC set to reorganise investment banking division
HSBC is reorganising its investment banking division to mirror the structure of competitors like Citigroup, according to fresh reports on Wednesday.
Capital Metals preparing to drill at Eastern Minerals Project
Mineral sands developer Capital Metals updated the market on the high-grade Eastern Minerals Project in Sri Lanka on Wednesday, confirming that it had received all necessary consents to start a “significant” drilling programme.
3M CFO Monish Patolawala resigns
3M said on Wednesday that president and chief financial officer Monish Patolawala has resigned with effect from 31 July to pursue another opportunity.
SSP shares surge as Q3 sales rise on strong travel recovery
Shares in SSP Group surged by 11% on Wednesday as the airport and train station food outlet operator held annual guidance after third quarter sales rose 16%, driven by increasing demand for leisure travel.
Volkswagen deliveries fall on China weakness, margin guidance cut
German car giant Volkswagen said vehicle deliveries inched lower in the first half as growth was held back by declines in China and the rest of Asia, just one day after it lowered its margin forecasts for the full year.
Johnson Service Group flags rise in half-year revenue
Textile service provider Johnson Service Group issued a positive trading update for the six months ended 30 June on Wednesday, anticipating revenue of £244. 1m, up from £215m a year earlier.
Impax reports fall in AUM, acquires SKY Harbor's Europe assets
Impax Asset Management reported a 6. 8% decrease in assets under management (AUM) for its third quarter on Wednesday, and announced the acquisition of SKY Harbor Capital Management.
Barratt flags slowdown in completions, shares soften
Barratt Developments warned on Wednesday that completions would be up to 7% lower in the current year, hit by higher mortgage costs.
Griffin Mining reports record quarterly production results
Griffin Mining announced record production results for the three months ended 30 June, highlighting significant increases in ore mined and processed at its Caijiaying Mine.
Acuity RM reports recent strategic progress
Acuity RM Group updated the market on its strategic achievements and future outlook in an update on Wednesday, following the acquisition of Acuity Risk Management.
Hostelworld reports solid first-half performance
Hostelworld Group reported a strong performance for the first half of 2024 on Wednesday, with net bookings reaching 3. 7 million, a 9% year-on-year increase, driven by record performances in Asia and Central America.
Feedback inks collaboration deal with Vertex In Healthcare
Clinical infrastructure specialist Feedback announced a collaboration agreement with Vertex In Healthcare, a clinical IT firm with a presence in the UK, the UAE, and South Africa, on Wednesday.
Direct Line unveils plans to boost growth
Direct Line is to put its flagship motor brand on price comparison websites for the first time, the insurer said on Wednesday, as part of a wider strategy intended to boost profits and cut costs.
Zigup FY revenues grow as vehicle supply improves
Automotive rental provider Zigup said on Wednesday that both revenues and earnings had grown in the year ended 30 April amid improving vehicle supply and a growing footprint.
Dekel reports strong period for palm oil operation
West African agriculture company Dekel Agri-Vision said in an update on Wednesday that its palm oil operation saw another strong financial performance in the first half, driven by robust production levels and historically high crude palm oil (CPO) prices.
Travis Perkins appoints new chief executive, chair
Travis Perkins announced the appointment of Pete Redfern as its new chief executive officer on Wednesday, and Geoff Drabble as chair designate, in two big changes to its leadership team.