News And Announcements
OPEC cuts oil demand forecasts for fourth straight month
The Organization of Petroleum Exporting Countries has lowered its outlook for oil demand this year for the fourth straight month after pushing back a scheduled production increase as prices slumped.
Time Finance reports continued positive trading progress
Time Finance announced continued positive trading momentum in the first five months of its 2025 financial year on Tuesday, driven by record revenues and a growing lending book.
Oriole announces promising results from Mbe trenchine
Oriole Resources updated the market on exploration at its Mbe gold project in Cameroon on Tuesday, announcing promising results from phase two infill trenching and the planned start of a maiden drilling programme in the fourth quarter.
First Property raises expectations after solid first half
First Property Group reported a strong performance for the first half of its financial year on Thursday, despite challenges in the property market.
SoftBank smashes forecasts with big Q2 profit
Japanese investment giant SoftBank smashed forecasts with results for its second fiscal quarter, as big gains in its tech investments helped it swing to a massive $7. 7bn net profit.
Elliott takes $5bn stake in Honeywell, urges split into two businesses
Activist investor Elliott Investment Management called on Honeywell International to break itself up on Tuesday, as it said it had taken a $5bn stake in the company.
Schrödinger surges on Novartis collaboration agreement
Schrödinger surged on Tuesday after it announced a $2. 5bn research collaboration and license agreement with Novartis to advance multiple development candidates into the Swiss pharma firm’s portfolio for further development.
Home Depot ups full-year outlook after Q3 beat
Home improvement retailer Home Depot reported a small increase in profits in the third quarter as lower margins were offset by higher sales, with results coming in ahead of market expectations.
Festive shopping drives UK grocery sales to yearly high
UK grocery sales hit their highest levels in October, according to data out on Tuesday from market research firm Kantar, as the number of shopping trips hit a four-year high.
DCC to focus on energy sector, shares surge
DCC surged on Tuesday as it announced plans to simplify its operations and focus on the energy sector, reported a rise interim profit and lifted its dividend.
German economic sentiment deteriorates in November - ZEW
German business sentiment deteriorated in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Genel Energy lowers net debt position
Oil company Genel Energy said on Tuesday that it had significantly lowered its net debt position throughout the first nine months of the trading year.
Raspberry Pi strikes strategic partnership with Italy's SECO
Single-board computer designer Raspberry Pi has inked a strategic partnership with Italian internet-of-things solutions business SECO ahead of the launch of its Compute Module 5 product.
McBride on track to hit forecasts, but cautious about cost pressures
White-label and branded household products maker McBride said it expects to deliver its third straight year of revenue growth, having performed in line with market expectations in its fiscal second quarter.
Diversified Energy reports Q3 net loss of $1m
Gas and oil production company Diversified Energy reported a net loss of $1. 0m for the three months ended 30 September amid a continued focus on debt repayments and additional undeveloped land sales.
Shell wins appeal against Dutch ruling to cut emissions
Oil producer Shell has won its appeal in a Dutch court against a 2021 ruling to slash its global carbon emissions.
Drax FY underlying profits set to top £1bn
Power generation business Drax said on Tuesday that full-year profits looked set to top £1. 0bn on the back of a strong performance from its electricity and pellet business.
Marks Electrical reports growth, but 'leaned too far' into lower-margin products
Marks Electrical Group reported a solid first-half performance on Tuesday, with revenue rising 9. 3% to £58. 8m, driven by 13% volume growth in major domestic appliances and a more-than-90% increase in consumer electronics volumes, though it was impacted by a shift towards lower-margin non-premium products.
Bayer cuts earnings outlook, shares tumble
Bayer shares tumbled on Tuesday as it cut its full-year earnings guidance.
Franchise Brands shares drop on uncertain outlook
Shares in AIM-listed Franchise Brands dropped sharply on Tuesday after the franchisor said that full-year profits are likely to come in at the lower end of market forecasts.