News And Announcements
UK consumer confidence slides ahead of Budget - BRC
Consumer confidence fell in September, a well-regarded survey showed on Thursday, as people waited anxiously for next month’s Budget.
Morrisons agrees £370m property deal - report
Supermarket chain Morrisons has reportedly struck a £370m deal to unlock value from its vast property portfolio as its owners seek to further shrink the company’s debt pile.
Google accuses Microsoft of anti-competitive tactics in EU cloud market
Google has accused Microsoft of using anti-competitive legacy licensing practices to lock European customers into its cloud platform.
Flutter Entertainment announces $5bn buyback, shares surge
Flutter Entertainment surged on Wednesday as it announced a $5bn share buyback and said profits were expected to more than double by 2027.
Shield Therapeutics announces promising paediatric trial results
Shield Therapeutics announced promising results from its phase three paediatric clinical trial for ‘Accrufer’ and ‘Ferracru’, or ferric maltol, in treating iron deficiency anaemia (IDA) in children on Wednesday.
Sainsbury’s sells cash machine business to NoteMachine
Sainsbury’s said on Wednesday that it was selling its ATM business to NoteMachine, a Brink’s Company and one of the UK’s leading ATM operators, for an undisclosed sum.
Oracle Power announces promising Northern Zone drilling results
Oracle Power announced promising drill results from its Northern Zone Intrusive Hosted Gold Project in Western Australia on Wednesday, revealing significant expansions to the mineralised footprint and confirming the presence of a substantial gold system.
Empire Metals starts environmental assessment at Pitfield
Empire Metals announced on Wednesday that it has started environmental impact assessment studies for its Pitfield Project in Western Australia.
CBI adds two senior business execs to board
The CBI has added two senior City executives to its board, the UK’s largest cross-sector business body announced on Wednesday.
Big Technologies reports weaker first half after loss of Colombia contract
Big Technologies reported a small decline in first-half revenue on Wednesday, with total income reaching £26. 5m, down 3% from £27. 3m in the same period last year, as it warned that full-year results would likely be at the lower end of market expectations.
Anglesey Mining raises £0.22m to support project development
Anglesey Mining announced a fundraising of £0. 22m on Wednesday, to support its ongoing development and operational strategy.
Gemfields flags lower first-half profits
Gemfields said in an update on Wednesday that it expected a first-half net profit after tax of $13. 7m, down from $18. 1m in the same period last year.
SAP shares drop on probe into US federal price fixing
Shares in SAP were down nearly 4% on Wednesday on reports that the German enterprise software giant, among others, is being investigated for potential price-fixing on government contracts.
Co-op swings back into the black despite shoplifting hit
The Co-operative Group returned to profit at the half year, the member-owned business confirmed on Wednesday, despite a surge in shoplifting.
Andrews Sykes maintains expectations after some first-half difficulties
Andrews Sykes Group reported first-half revenue of £38. 4m in its half-year report on Wednesday, a slight decline from £38. 8m in the same period last year.
Impact Healthcare transfers operations of four ex-Silverline care homes
Impact Healthcare announced the transfer of operations for four care homes in Scotland to new tenant operator Fulcrum Care on Wednesday.
Goodwin reports continued profitability and cash generation
Goodwin reported continued profitability and robust cash generation in a trading update on Wednesday, driven mainly by increased activity in its mechanical engineering division.
Rentokil jumps as Trian partner takes seat on board
Rentokil Initial surged on Wednesday after it announced the appointment of a representative of Nelson Peltz’s Trian Fund Management to its board as a non-executive director.
US govt files lawsuit against Visa over alleged monopoly in debit card market
The US Justice Department has started an antitrust lawsuit against Visa, accusing it of running a monopoly in the debit card market.
Enteq shares plummet 42% after discounted placing, subscription
Shares in AIM-listed energy services engineering and tech group Enteq plummeted more than 40% on Wednesday after the heavily discounted fundraising.