News And Announcements
IP Group to sell Featurespace to Visa for undisclosed sum
IP Group - an investor in early-stage science and technology companies - said on Thursday that Visa has agreed to buy one of its portfolio companies, Featurespace, for an undisclosed sum.
Diageo shares jump on guidance hold amid 'challenging' market
Shares in Diageo jumped on Thursday after the drinks-making giant maintained guidance amid a “challenging” global environment for the industry.
Mutares tumbles as Gotham City highlights accounting irregularities
German private equity firm Mutares tumbled on Thursday after Gotham City Research put out a note pointing to accounting irregularities and suggesting that the company is "increasingly reliant" on debt.
NWF Group reports solid start to financial year
NWF Group reported a solid start to its financial year in an update on Thursday, with overall trading for the first quarter in line with the board's expectations.
Morrisons sales edge higher despite 'softer' market
Morrisons posted an uptick in third-quarter sales on Thursday, as it confirmed a £331m property deal intended to cut debts.
Touchstar board to conduct strategic review
Touchstar announced on Thursday that its board would conduct a strategic review to explore various options for future growth and value creation for shareholders.
Ubisoft shares tank on Assassin's Creed delay, bookings forecast cut
Shares in Ubisoft tanked on Thursday after the French videogame maker delayed the release of its Assassin's Creed Shadows edition by three months to next February and cut net bookings guidance.
IG Design warns on profits, shares slide
IG Design slid on Thursday after the stationery product manufacturer warned on profits amid ongoing challenges at its DG Americas division.
BASF to cut dividend, list agricultural unit in restructuring plan
Multinational chemicals giant BASF saw shares fall on Thursday on the back of plans to slash its dividend and dispose of non-core assets, including the potential stock-market flotation of its agricultural arm.
Commerzbank lifts financial targets
Germany’s Commerzbank reiterated plans to continuing growing as an independent bank on Thursday, including upping its financial targets, as it confirmed a first meeting with potential suitor UniCredit.
Sunrise Resources announces promising Reese Ridge sampling results
Sunrise Resources announced promising high-grade results from recent sampling at its Reese Ridge zinc-lead-silver project in Nevada on Thursday.
JLR investing £500m in Merseyside 'factory of the future'
Jaguar Land Rover is investing £500m to create a "factory of the future" for electric vehicle manufacturing in Merseyside, the Tata-owned auto giant said on Thursday.
Thames Water's credit ratings slashed
Thames Water has had its credit ratings cut even further, it was confirmed on Thursday, heaping yet more pressure on the crisis-struck utility.
ValiRx pulls out of University of Barcelona collaboration
ValiRx said in an update on Thursday that it has concluded its evaluation project with the University of Barcelona, focussed on early-stage cancer therapeutics targeting the ‘KRAS2’ series of drug candidates.
H&M cuts 2024 earnings target, shares fall
Fashion giant Hennes & Mauritz cut its full-year margin target on Thursday, weighing on shares, after a "challenging" third quarter.
Future delivers return to organic growth in H2, reiterates FY guidance
Publishing business Future said on Thursday that it had delivered a return to organic revenue growth during H2 and reiterated full-year guidance for revenues of £786. 0m and adjusted operating profits of £220. 0m.
Mercia Asset Management makes positive start to financial year
Mercia Asset Management reported a positive start to the current financial year in an update on Thursday, driven by strong performance across both its equity and debt fund portfolios.
Segro gives confident outlook with Tritax Eurobox takeover on track
Real estate group Segro said its business is performing well heading into the final months of the year as it progresses its £550m takeover of Tritax Eurobox, which is expected to close in the fourth quarter.
Pantheon Infrastructure NAV rises 6.5pc in first half
Pantheon Infrastructure reported a 6. 5% increase in net asset value (NAV) to £535m for the six months ended 30 June on Thursday, or 113. 9p per share.
Videndum lowers full-year forecasts as film and TV productions remain slow
Videndum, an international provider of premium branded hardware products and software solutions to the content creation market, reported a 7% decline in revenue from continuing operations to £153. 3m for its first half on Thursday, down from £165m a year earlier, as it warned that the full year would be below its previous expectations.