News And Announcements
Chapel Down cuts sales guidance; no longer for sale
English wine maker Chapel Down downgraded its full-year sales guidance on Friday and said it was no longer up for sale.
Prospex Energy announces restart of production at Viura
Prospex Energy announced on Friday that production has resumed at the Viura gas field, with revenues expected in November.
Close Brothers tumbles after Court of Appeal ruling
Close Brothers tumbled on Friday after the Court of Appeal ruled in favour of British consumers that motor dealers acting as credit brokers owe a fiduciary duty to their customers.
Power Metal inks deal to acquire stake in Oman copper block
Power Metal Resources announced on Friday that, alongside its subsidiary Power Arabia, it has formalised an agreement with Alara Resources and Awtad Copper to acquire a 12. 5% stake in Oman’s Block 8 copper concession.
Petro Matad starts oil production at Heron-1 well
Petro Matad announced the start of oil production at its Heron-1 well on Friday, in the Block XX production sharing contract area in eastern Mongolia.
Griffin Mining reports mixed production results in third quarter
Griffin Mining reported a mixed third-quarter production performance on Friday, having mined 337,547 tonnes of ore, down from 363,406 tonnes last year, while processed ore increased to 396,778 tonnes from 367,024 tonnes.
Sanofi beats expectations with bumper third-quarter earnings
Sanofi reported stronger-than-expected third-quarter earnings on Friday, driven by early vaccine sales and robust performance from its anti-inflammatory drug Dupixent.
Eni expands share buybacks after better-than-expected third quarter
Italian energy major Eni announced an increase to its 2024 share buyback programme on Friday, after stronger-than-expected third-quarter profits driven by higher production and strategic portfolio improvements.
Galileo Resources subsidiary awarded Zambia copper licence
Galileo Resources announced on Friday that Statunga Investments, in which it holds a 75% stake, has been awarded an additional small-scale mining licence for the Luansobe copper project in Zambia.
Remy Cointreau downgrades FY sales outlook
Remy Cointreau downgraded its full-year sales outlook on Friday as it posted a drop in first-half sales amid continued destocking in the Americas.
Mercedes-Benz scales back sales targets after weak Q3 results
Mercedes-Benz became the latest in a string of automakers to issue a cautious outlook on Friday as profits in its car division slumped due to macro challenges and heightened competition, particular in China.
Mondi to close Stambolijski mill in Bulgaria after fire
Paper and packaging group Mondi said on Friday that it has decided to permanently close its Stambolijski mill in Bulgaria following the fire there last month.
Thames Water secures £3bn loan to see it through the next year
Thames Water secured a critical £3bn loan on Friday, to sustain operations through to October next year.
Airtel Africa slumps as H1 profits, revenue drop
Airtel Africa slumped on Friday as it posted a decline in first-half profit and revenues.
Kooth refutes reports of slow uptake for its mental health service
Kooth issued a statement addressing recent share price movement on Friday, following an article on 24 October that it said contained outdated information on its California operations.
Learning Technologies extends takeover talks with General Atlantic
Learning Technologies Group announced an extension of the ‘put up or shut up’ (PUSU) deadline in its ongoing discussions with General Atlantic on Friday, after the latter recently made a conditional approach to acquire it for 100p per share in cash.
Wilmington buys health and safety training firm Phoenix HSC
Publishing and education group Wilmington announced the acquisition of Phoenix Health & Safety Consultancy, expanding its operations in the health, safety and environmental (HSE) training market.
Boohoo hits back at "unfair" criticism from Frasers, quashes Ashley appointment
Fast fashion brand Boohoo has hit back at part-owner Frasers Group over its demands to urgently replace its outgoing chief executive with boss Mike Ashley, suggesting that any such appointment could be a conflict of interest.
FirstGroup buys Shropshire bus operator Lakeside
FirstGroup announced the acquisition of Lakeside Group on Friday, a bus and coach operator based in Shropshire and Cheshire.
NatWest ups targets as Q3 profits jump by a third
NatWest has raised its full-year income forecasts after a strong third quarter, in which profits jumped by 35. 3% on last year.