News And Announcements
Johnson & Johnson shares rise on earnings beat despite mixed outlook
Johnson & Johnson's stock was in the green on Wednesday, after the pharmaceutical giant reported second-quarter earnings and sales that surpassed analysts' expectations, largely driven by its innovative medicines segment.
GitLab said to be exploring sale, shares surge
GitLab surged on Wednesday following a report it is exploring a sale after attracting acquisition interest.
Vela strikes 'opportunistic' deal with Hamak Gold
Vela Technologies, an investing company focussed on early-stage and pre-IPO disruptive technology investments, announced on Wednesday that it has entered into an unsecured convertible loan note instrument with Hamak Gold, a Liberia-based gold exploration and development company listed in London.
Mineral and Financial reports regulatory progress at Lagoa Salgada
Mineral and Financial Investments updated the market on the Lagoa Salgada polymetallic project in Portugal on Wednesday, reporting that Redcorp Empreendimentos Mineros, in which it holds a conditional 20% carried interest, had successfully filed the final stage submission of the environmental impact assessment (EIA) for the project.
Oriole Resources reports progress at Bibemi
Central Africa-focussed gold explorer Oriole Resources updated the market on its 82. 2%-owned Bibemi orogenic gold project in Cameroon on Wednesday.
Serabi maintains guidance after solid second quarter
Serabi Gold released its second quarter production results and operating highlights for the second quarter of the year on Wednesday, reporting significant improvements in gold production and financial stability.
Panthera kicks off drilling at Bido Project
West Africa and India-focussed gold explorer and developer Panthera Resources announced the start of a drilling programme at its Bido Project in Burkina Faso on Wednesday.
Angus completes annual shutdown at Saltfleetby
Angus Energy announced on Wednesday that it has successfully completed its planned annual maintenance shutdown at the Saltfleetby site, finishing on 13 July.
Klarna lining up financial advisers for US IPO - report
Swedish payments fintech Klarna is reportedly lining up financial advisers for a long-awaited initial public offering in the US that will be among the most anticipated listings in recent years.
CVC eyes up possible Telegraph bid - report
Private equity giant CVC is running a slide rule over The Telegraph, it was reported on Wednesday, the latest potential bidder to show an interest in the UK newspaper.
Adidas lifts full-year guidance, shares bounce
Shares in Adidas sparked on Wednesday, after the German firm boosted full-year guidance for the second time in three months.
Brooks Macdonald ends fourth quarter in line with guidance
Brooks Macdonald Group reported a 7% increase in funds under management over its financial year in an update on Wednesday, reaching £18bn, with full-year results expected to align with market expectations.
Oxford Biomedica appoints new finance chief
Cell and gene therapy contract development and manufacturing organisation (CDMO) Oxford Biomedica announced the appointment of Lucinda ‘Lucy’ Crabtree as its new chief financial officer and a member of the board on Wednesday.
UK inflation holds steady at 2%
UK inflation was unchanged in June, official data showed on Wednesday, in line with the Bank of England’s target.
Pernod Ricard to sell international wine brands to Accolade Wines owner
Pernod Ricard said on Wednesday that it has agreed to sell its international strategic wine brands to Australian Wine Holdco Limited (AWL), a consortium of international institutional investors and owner of Accolade Wines.
Body Shop to be bought out of administration
A consortium backed by British tycoon Mike Jatania has agreed to buy The Body Shop International out of administration, it was announced on Wednesday.
VF offloads Supreme to EssilorLuxottica for $1.5bn
Vans, Timberland and North Face owner VF Corp is selling Supreme to EssilorLuxottica for $1. 5bn, just four years after the apparel conglomerate bought the streetwear brand for $2. 1bn.
Kenmare reports decent half-year production figures
Titanium and zircon producer Kenmare Resources updated the market on operations at the Moma Titanium Minerals Mine in northern Mozambique on Wednesday, reporting significant year-on-year improvements in a number of key metrics.
Helical reports solid development and letting progress
Helical updated the market on its recent trading on Wednesday, reporting significant advancements in its development projects, lettings, sales, and financial performance.
Europe open: Shares fall as UK inflation unchanged; Demant tanks on warning
European shares opened lower on Wednesday as investors digested the latest UK inflation figures which came in slightly higher than forecast, dampening hopes of a rate cut from the Bank of England, while shares in Danish hearing aid company Demant tanked after a profit warning.