News And Announcements
OPEC trims oil demand forecast again as crude prices sink
The Organization of the Petroleum Exporting Countries has reduced its forecast for oil demand this year for the second straight month as it attempts to balance the market in the face of falling prices.
BMW cuts profit guidance on weak China conditions, recall costs
Shares in BMW tanked to their lowest in nearly two years on Tuesday after the German automaker scaled back its full-year guidance on the back of weak market conditions in China and costs related to a product recall.
Lendinvest extends funding agreement with JPMorgan
Mortgage platform Lendinvest announced an extension of its funding agreement with JPMorgan on Tuesday, increasing the separate account by an additional £500m, bringing the total to £1. 5bn.
Sir Paul March acquires The Spectator in £100m deal
British political magazine The Spectator has been sold to GB News' largest shareholder, Sir Paul March, for £100. 0m, decoupling the conservative publication from the hunt for new owners for the right-leaning Telegraph papers.
Ethernity Networks gets US govt approval for $1.05m aerospace contract
AIM-listed Ethernity Networks said on Tuesday that it has been granted US government approval for a previously-disclosed $1. 05m US aerospace contract.
Empire Metals starts major exploration campaign at Pitfield
Empire Metals announced the start of a major exploration campaign at its Pitfield Project in Western Australia on Tuesday, focusing on the high-purity anatase deposit within the weathered surface zone at the Thomas and Cosgrove prospects.
TPXimpact warns of flat revenue amid government spending freeze
TPXimpact warned in a trading update on Tuesday that revenue growth for the 2025 financial year was now expected to be flat due to challenging market conditions, particularly in its core central government client sector, which accounted for 65% of revenue in 2024.
Gamma Communications upbeat after strong first half
Gamma Communications reported a strong set of first-half results on Tuesday, with revenue growing 10% to £282. 5m and gross profit increasing 11% to £145. 8m.
AstraZeneca shares drop on lung cancer trial update
The share price of AstraZeneca took a big hit on Tuesday after investors reacted to disappointing news from the company's latest lung cancer trials.
Chesnara reports strong cash generation, though earnings dip
Chesnara reported strong cash generation and continued dividend growth in its interim results on Tuesday, although its earnings dipped compared to last year.
Renold trades in line YTD, acquires MAC Chain Company
Industrial chains supplier Renold said on Tuesday trading was in line with internal expectations year-to-date, with revenues falling slightly as a result of adverse foreign exchange movements.
Wizz Air set to launch Gatwick-Jeddah route
Wizz Air is set to launch the first budget flights between the UK and Saudi Arabia next year, it emerged on Tuesday.
EU court upholds EUR 2.4bn Google antitrust fine
Google found itself on the losing end of a significant European legal battle on Tuesday, as the EU's Court of Justice upheld a €2. 4bn fine imposed on the company for antitrust violations.
Lords Group confident despite revenue dip
Lords Group reported a slight dip in revenue amidst challenging market conditions in its unaudited interim results on Tuesday.
Revenue falls, underlying profit improves for James Fisher
James Fisher reported a period of both financial challenges and progress in its turnaround strategy in its half-year results on Tuesday.
IQE sees FY results at lower end of market views, shares slump
IQE slumped on Tuesday as it said its full-year performance was set to be at the lower end of analyst forecasts, as some markets remain in recovery in the second half of the year.
CMA to open first phase of probe into Carlsberg's acquisition of Britvic
The Competition and Markets Authority said on Tuesday that it was opening the first phase of an investigation into Danish brewer Carlsberg’s £3. 3n acquisition of Britvic.
Essentra taps Rowan Baker for CFO
Essential components manufacturer Essentra has appointed Rowan Baker to the role of chief financial officer, with effect from 5 November.
Centamin to be taken over by AngloGold Ashanti in £1.9bn deal
Gold miner Centamin - which operates the Sukari gold mine in Egypt - said on Tuesday that it had agreed to be taken over by AngloGold Ashanti in a £1. 9bn deal.
AJ Bell chief operating officer to step down
Investment platform operator AJ Bell revealed on Tuesday that chief operating officer Roger Stott will step down from the board at the end of 2024.