News And Announcements
THG announces £75m fundraising, demerger of Ingenuity business
E-commerce company THG said on Thursday that it will go ahead with plans to demerge its Ingenuity business into a standalone independent private entity as it announced a £75m equity raising to help facilitate the demerger.
Domino's tops Q3 profit forecasts, but cuts sales guidance
Shares in takeaway pizza chain Domino's rose on Thursday as investors focused on forecast-beating quarterly earnings and shrugged off a reduction to sales growth forecasts for the full year.
Polar Capital assets under management rise in first half
Specialist active asset manager Polar Capital reported an increase in its assets under management for the six months ended 30 September on Thursday.
Games Workshop board taps Mark Lam as its new chair
Games Workshop Group announced the appointment of Mark Lam as its new non-executive chair on Thursday, effective 1 November.
Indivior shares tank after another profit warning
Shares in Indivior plunged on Thursday after the pharma group cut its full-year revenue forecast for the second times following a weaker-than-expected third-quarter performance from Sublocade, its treatment of moderate to severe opioid use disorder.
Ithaca credit ratings upgraded after Eni UK combination
Ithaca Energy announced on Thursday that, following the completion of its business combination with Eni’s UK upstream oil and gas assets on 3 October, its credit ratings had been upgraded by multiple agencies.
Renewi completes divestment of UK business to Biffa
Waste-to-product specialist Renewi announced on Thursday that it has completed the sale of its UK Municipal operations to UK integrated waste management business Biffa.
Foresight reports strong trading in first half
Foresight Group, an investment manager in real assets and growth capital, updated the market on its first-half trading on Thursday, with core EBITDA before share-based payments totalling £29m, in line with management expectations to double core EBITDA over a five-year period.
PayPoint's Obconnect wins New Zealand banking system contract
PayPoint announced that its Open Banking technology subsidiary Obconnect had been chosen by the New Zealand Banking Association (NZBA) to deliver the confirmation of payee ecosystem in New Zealand.
EDF seeks £4bn to help fund Hinkley Point C - report
Electricite de France is holding talks with investors about funding Hinkley Point C, the nuclear power plant is it in building in Somerset, it was reported on Thursday.
Uniqlo owner Fast Retailing sees annual sales top 3trn yen
Fast Retailing, the Japanese clothing conglomerate and owner of Uniqlo, published record annual profits on Thursday that beat both consensus and the company's own forecasts, as group turnover topped 3trn yen for the first time.
Norcros reports resilient first-half trading performance
Bathroom and kitchen product designer and supplier Norcros reported a resilient trading performance for the first half of the year in an update on Thursday.
Unilever quits Russia after striking deal with Arnest
Consumer goods giant Unilever has sold its Russian business, it was confirmed on Thursday, bringing to an end its presence in the country.
MaxCyte appoints new chief commercial officer
Cell engineering company MaxCyte announced the appointment of Ali Soleymannezhad as its new chief commercial officer on Thursday, effective from 11 September.
Profits spark at N Brown despite sales slide
Online retailer N Brown Group posted strengthened half-year profits and reiterated its full-year outlook on Thursday, despite a "soft" clothing market weighing on sales.
FCA fines TSB £10.9m over treatment of customers in arrears
The Financial Conduct Authority (FCA) has fined TSB Bank £10. 9m for failing to ensure fair treatment of customers in financial difficulty.
GSK to pay $2.2bn to settle Zantac lawsuits
GSK has agreed to pay $2. 2bn to settle about 80,000 Zantac lawsuits in the US.
Chemring Nobel to look into new Norway explosives production plant
Chemring Group announced on Thursday that its subsidiary Chemring Nobel was partnering with the Norwegian government on a feasibility study to assess the development of a new military explosives production facility.
UK house prices push higher for first time since 2022
House prices have risen across the UK for the first time in two years, a closely-watched survey showed on Thursday, as the market was buoyed by lower interest rates.
Gulf Marine Services secures new long-term contract in Europe
Gulf Marine Services announced a new long-term contract in Europe on Thursday and the extension of two existing contracts in the Middle East, adding a total of 25 months to the backlog, inclusive of optional extensions.