News And Announcements
Ovo poaches Monzo finance chief amid sale talks - report
Household energy supplier Ovo has reportedly poached a senior executive from digital bank Monzo as it explores options that could lead to a change of ownership.
GB Group flags strong first-half performance
Identity fraud and location software specialist GB Group flagged strong first-half financial results on Thursday, with revenue reaching £137m, a 4. 5% increase on a constant currency basis over the year.
Nexxen to seek authorisation for new $50m share buyback
Nexxen International, a global advertising technology platform, announced its intention to seek authorisation for a new $50m share repurchase programme on Thursday.
FRP Advisory acquires London-based Globalview Advisors
FRP Advisory Group announced the acquisition of Globalview Advisors on Thursday, for total consideration of £5. 5m.
Empiric Student Property raises £56.1m to fund acquisitions, refurbishments
Empiric Student Property has successfully raised £56. 1m, it announced on Thursday, to help it fund acquisitions and refurbishments.
Capital maintains guidance despite operational setbacks
Mining services company Capital Limited reported a 17. 6% improvement in third-quarter revenue year-on-year on Thursday, to $93. 7m, although it flagged a number of operational setbacks.
Turkish central bank holds rates at 50%
Turkey’s central bank said on Thursday that it was keeping interest rates steady at 50%, as widely expected.
Augmentum Fintech portfolio firm Farewill to be acquired by Dignity
Augmentum Fintech responded to the proposed acquisition of its portfolio company Farewill by Dignity on Thursday.
Kenmare flags mixed third quarter, reports public fatality
Titanium and zircon minerals producer Kenmare Resources reported a mixed third quarter in an update on Thursday, alongside a fatal accident involving a member of the public.
ECB cuts rates to 3.25%, as expected
The European Central Bank cut interest rates on Thursday for the third time this year, as expected.
Nokia outlook disappoints as Q3 sales fall
Shares in Nokia fell on Thursday after the Finnish telecoms giant disappointed with earnings guidance for the full year amid "ongoing market weakness".
AI boom fuels earnings surge at TSMC
Shares in Taiwan Semiconductor Manufacturing Co rallied on Thursday, after the Taiwanese giant posted a forecast-beating 54% surge in earnings, fuelled by the boom in artificial intelligence.
Rentokil Initial shares jump as full-year targets maintained
Shares in Rentokil Initial surged on Thursday after the pest control services group reassured investors by holding on to full-year guidance following two profit warnings earlier in the year, as it reported a steady third quarter with revenues unchanged.
Nestle cuts forecast, shakes up executive board after sales disappoint
Nestle is to undergo a major organisational overhaul, the Swiss food giant confirmed on Thursday, as it cut sales targets in the face of persistently weak consumer demand.
Publicis lifts full-year revenue outlook
French advertising group Publicis lifted its full-year organic revenue forecast on Thursday despite a "challenging" macro environment, as it reported a jump in third-quarter revenues.
Pernod Ricard reports 'slow start' as Chinese sales tank
French wine and spirits group Pernod Ricard reported a "slow start" to the new financial year, with organic sales falling on the back of ongoing weakness in China as well as the US.
Speedy Hire H1 revenues slip
Tools and equipment hire business Speedy Hire said on Thursday that interim revenues had slipped, principally due to a drop in lower-margin services income.
Arbuthnot Banking Group reports solid third-quarter growth
Arbuthnot Banking Group reported solid third-quarter growth in an update on Thursday, with customer deposits rising to £3. 8bn, up from £3. 5bn a year earlier, and customer loans increasing to £2. 5bn from £2. 3bn.
N Brown to be taken private by Joshua Alliance in £191m deal, shares surge
N Brown said on Thursday that it has agreed to be taken private by a company owned by Joshua Alliance - whose family has been involved with the group since the 1960s - in a £191m deal.
Octopus Renewables acquires 42MW solar farm near Dublin
Octopus Renewables Infrastructure Trust (ORIT) announced on Thursday that it has completed the acquisition of a 42MW solar farm near Dublin, expanding its ownership of Ireland’s largest solar complex.