News And Announcements
Dunelm's biggest shareholder sells 4.9% stake in placing
Barclays said on Tuesday that Dunelm’s biggest shareholder, Will Adderley, and his private investment firm WA Capital, have sold a 4. 9% stake in the homeware retailer in a placing to institutional investors.
Blackstone, Vista Equity to buy Smartsheet in $8.4bn deal
Collaboration software maker Smartsheet rallied on Tuesday after agreeing to be bought by alternative asset manager Blackstone and global investment firm Vista Equity Partners in an $8. 4bn an all-cash deal.
Petards subsidiary wins police ANPR contract
Petards Group announced on Tuesday that its subsidiary QRO Solutions has secured a contract valued at over £0. 6m for the supply and installation of automatic number plate recognition (ANPR) systems to an existing UK police force customer.
Agronomics investee Meatable awarded Dutch innovation funding
Agronomics announced on Tuesday that its portfolio company Meatable has been awarded €7. 6m in funding under the ‘Innovation Credit’ programme by the Netherlands Enterprise Agency (RVO).
Toyota ups buyback programme after share-price drop
The recent drop in Toyota's share price has prompted the Japanese automaker to raise the size of its buyback programme to 1. 2trn yen ($8. 3bn), the company announced on Tuesday.
Jim Mintern named CEO of CRH as Manifold retires
Building materials group CRH said on Tuesday that Albert Manifold has decided to retire as chief executive at the end of this year and will be succeeded by Jim Mintern.
Cohort flags even better first half after last year's record results
Cohort reported strong recent trading in an update on Tuesday, after its record full-year performance for 2024 saw strong growth in revenue, adjusted operating profit, and order intake, supported by a robust cash position.
Hutchmed partner Takeda gets Japanese approval for Fruzaqla
Hutchmed China announced on Tuesday that its partner Takeda has received approval from the Japanese Ministry of Health, Labour and Welfare (MHLW) to manufacture and market ‘Fruzaqla’, or fruquintinib, for the treatment of previously-treated metastatic colorectal cancer (CRC).
Revenue, adjusted earnings rise for Mortgage Advice Bureau
Mortgage Advice Bureau reported a 5. 4% improvement in first-half revenue on Tuesday, to £123. 9m, as gross profit increased 14. 5% to £37. 7m.
Fonix reports strong full-year performance
Fonix reported a strong full-year financial and operational performance on Tuesday, with significant growth in key markets and an expanded commercial offering.
Yu Group confident after first-half growth
Yu Group reported a robust first-half performance on Tuesday, with revenue surging 60% to £312. 7m, driven by strong organic growth in meter points.
Niox reports solid first-half performance
Niox Group reported a solid first-half performance on Tuesday, with revenue increasing 12% to £21m, or 15% on a constant currency basis.
AkzoNobel to cut 2,000 jobs in cost-saving plan
Dutch paints and coatings giant AkzoNobel has unveiled a simplification plan that will see it eliminate around 2,000 jobs worldwide, as it looks to reduce costs and drive efficiencies across the organisation.
Smiths Group shares drop as annual profits miss forecasts
Smiths Group reported solid revenue growth against a record comparator in the year ended 31 July, but shares in the engineering solutions business dropped sharply as profits came in short of market forecasts.
Boku swings to operating loss despite 24pc revenue jump
Boku reported a 24% increase in first-half revenue on Tuesday, reaching $47. 3m, driven by higher transaction volumes across its local payment methods.
RS Group ups cash conversion target as it outlines strategy
RS Group said on Tuesday that it had identified around 150 basis points of additional cost efficiencies, which would contribute to achieving its medium-term target of mid-teen operating profit margins.
Revenue rises but earnings fall as HSS Hire removes guidance
HSS Hire Group reported first-half revenue growth of 3. 2% on Tuesday, to £170. 8m, although its earnings fell, and the board withdrew its guidance amid an operational restructure.
NewRiver agrees £147m takeover of Capital & Regional
NewRiver REIT announced a recommended cash and share offer to acquire Capital & Regional on Tuesday, in a deal valued at £147m.
Galliford Try secures SEALR contract with Buckinghamshire Council
Construction company Galliford Try has secured an £88. 9m contract to complete the South East Aylesbury Link Road project on behalf of Buckinghamshire Council.
Zigup maintains forecasts as new vehicle supply improves
Commercial vehicle rental provider Zigup reported significant improvements in new vehicle supply in an update on Tuesday, bolstering its fleet replacement plans amid robust demand for light commercial vehicles (LCVs).