News And Announcements
Cineworld backers to invest £35m if rescue plan is successful - report
Cineworld's US-based parent will reportedly inject £35m into modernising its British cinema estate if a rescue plan being put to creditors is successful.
Target surges after Q2 beat, profit upgrade
Target shares surged on Wednesday after the US retailer posted better-than-expected second-quarter earnings and lifted its annual profit outlook.
JT Group to buy Vector Group in $2.4bn deal
US tobacco maker Vector Group said on Wednesday that it has agreed to be bought JT Group in a $2. 4bn deal.
Macy's lowers full-year sales guidance despite Q2 earnings beat
Shares in US department store retailer Macy’s were sliding early on Wednesday, after it reported better-than-expected second-quarter earnings despite a drop in sales, and revised its full-year guidance downwards.
CMA cans Apple, Google app market probes ahead of new regulation
The Competition and Markets Authority (CMA) has closed its investigations into Google’s Play Store and Apple’s App Store, it announced on Wednesday, shifting its focus to the forthcoming digital markets competition regime.
Pebble Beach revenue slips, profits improve in first half
Broadcast and media technology software provider Pebble Beach Systems reported a 12% year-on-year increase in order intake in its half-year report on Wednesday, reaching £4. 9m, up from £4. 4m in the first six months of 2023.
UK Oil & Gas strikes lease deal for Dorset hydrogen storage site
UK Oil & Gas announced the execution of a heads of terms agreement for a 60-year lease on land and subsurface mineral rights on Wednesday, for a second underground hydrogen storage facility in south Dorset.
Revenue steady, profits rise for MTI Wireless Edge
Communications and radio frequency technology specialist MTI Wireless Edge reported steady revenue and notable improvements in profitability in its interim results on Wednesday.
Watkin Jones shares drop 30% on profit warning, outlook
London-listed Watkin Jones lost almost a third of its market value on Wednesday after the residential property manager and developer delivered a profit warning and projected a slower-than-expected market recovery.
James Latham confident despite slip in revenue
Timber and panel products distributor James Latham said in an update on Wednesday that its revenue for the first four months of the financial year totalled £127m, slightly down from £128m in the same period last year.
Mobico shares surge as US school bus sale starts, interims jump
Mobico shares surged by a fifth on Wednesday after the public transport operator started the sale process for its North American school bus business to cut debt and reported a jump in adjusted interim operating profit driven by positive demand and cost cuts.
Galileo starts fresh drilling programme at Shinganda
Galileo Resources announced the start of phase three reverse circulation (RC) drilling on its Shinganda Licence in central western Zambia on Wednesday.
Mattioli Woods acquistion gets NS&I Act approval
Mattioli Woods announced on Wednesday that its acquisition by Tiger Bidco, a subsidiary of investment vehicles advised by Pollen Street Capital, had passed a significant regulatory milestone.
Base Resources merger clears Australian regulatory hurdle
Base Resources announced a significant development in its proposed merger with Energy Fuels on Wednesday.
Waitrose to open 100 new convenience stores in £1bn investment drive
UK high-end supermarket chain Waitrose its ramping up its brand investment plans, injecting £1bn to open up to 100 convenience shops and upgrade a number of existing supermarkets over the next five years.
Value of Molten Ventures' holding in Revolut rises significantly
Molten Ventures, a prominent venture capital firm known for investing in high-growth digital technology companies, announced a substantial increase in the valuation of its holding in fintech company Revolut on Wednesday.
JPMorgan stays positive on BT, downplays Sky deal with CityFibre
JPMorgan has reiterated its 'outperform' rating on BT Group despite competition concerns hitting the stock following the announcement that Sky has signed a wholesale deal with CityFibre.
Walmart to sell entire $3.7bn stake in JD.com
Shares in JD. com tanked in Hong Kong on Wednesday after American retail titan Walmart signalled its intention to dispose of its stake in the Chinese ecommerce giant worth $3. 7bn.
URU upbeat as Zeb Nickel secures environmental authorisation
URU Metals announced on Wednesday that its associate company Zeb Nickel has secured an integrated environmental authorisation from the South African Department of Minerals and Petroleum Resources (DMPR) for the Zeb Nickel Project in Limpopo Province.
Costain unveils £10m buyback as first-half profits rise
Costain has announced a £10m share buyback programme as it reported higher profits for the first half on the back of improved margins and a better product mix.