News And Announcements
Housing secretary approves rebuild plans for M&S Oxford Street
Marks and Spencer received approval from the Secretary of State for Housing, Communities, and Local Government to redevelop its Marble Arch store on Oxford Street, it announced on Thursday.
Creditors can't prevent Thames Water from using £3bn loan to pay fines - report
Thames Water's largest creditor group has been unable to prevent the company from using an emergency loan to pay expected fines from Ofwat over the coming year, according to Sky News.
Frasers shares dive as FY profit outlook cut on Budget, weak trade
Shares in Frasers Group nosedived as the UK sportswear and fashion retailer lowered full-year profit forecasts, citing weaker consumer confidence leading up to and after the government's recent Budget and a tougher trading environment.
Mkango, CoTec seek EPCM provider for HyProMag USA project
Mkango Resources, alongside its partner CoTec Holdings, initiated the process to select an engineering, procurement, and construction management (EPCM) provider for HyProMag USA’s rare earth magnet recycling and manufacturing project in the US, it announced on Thursday.
Airbus to cut 2,000 jobs as defence and space unit struggles
Airbus has announced plans to cut just over 2,000 jobs across its defence and space business, including nearly 500 in the UK, in an attempt to slash costs.
Synectics awarded contracts in US, Philippines
Security and surveillance systems specialist Synectics announced on Thursday that it has been awarded contracts totalling $2. 7m to deploy its flagship Synergy software platform in gaming resorts in the Philippines and the United States.
Diaceutics awarded £1m in UKRI funding
Diaceutics, a technology and solutions provider for the pharma and biotech sectors, announced on Thursday that it has been awarded £1m in grant funding from the UK Research Institute (UKRI) ‘Strength in Places’ fund.
Vast Resources signs MoU with Tajikistan, Gulf International
Vast Resources announced the signing of a memorandum of understanding with the government of Tajikistan and Gulf International Minerals on Thursday, setting the stage for expanded collaboration in the country’s non-ferrous mining sector.
Great Western Mining identifies tungsten targets in Mineral County
Great Western Mining announced the identification of three tungsten targets across newly-staked and existing claims in Mineral County, Nevada on Thursday.
Pantheon Resources announces key milestone in LNG pipeline development
Pantheon Resources, the oil and gas company developing the Kodiak and Ahpun oil fields on Alaska’s North Slope, announced a key milestone in the development of the Alaska LNG Phase 1 pipeline.
Serica production guidance hit by Triton FPSO suspension
Serica Energy announced a suspension of production at the Triton floating production, storage and offloading (FPSO) vessel on Thursday, following the discovery of an issue with a compressor seal.
Hargreaves Services flags solid first-half growth
Hargreaves Services flagged strong growth in first-half revenue and profit before tax in an update on Thursday, in line with full-year expectations.
Sales tick higher at revamped Marlowe
Marlowe reported an uptick in half-year revenues on Thursday, in its first results since spinning off its occupational health division.
Brand Architekts shares double after Warpaint announces £14m takeover
Shares in British cosmetics challenger brand Brand Architekts nearly doubled in price on Thursday after larger rival Warpaint announced a £13. 9m takeover.
Sabre Insurance expecting highest-ever gross written premium
Sabre Insurance Group reaffirmed its 2024 guidance in an update on Thursday, as it expected to achieve its highest-ever gross written premium.
New orders slide in Eurozone construction sector - PMI
The Eurozone’s construction sector slowed in November, a closely-watched survey showed on Thursday, heaping more pressure on the bloc’s faltering economy.
Balfour Beatty flags robust full-year performance
Infrastructure specialist Balfour Beatty reported a robust performance in a trading update on Thursday, with earnings growth expected and plans for further share buybacks in 2025.
Card Factory enters US market with $25m acquisition of Garven
Greeting card and gift retailer Card Factory said on Thursday that it had entered the US market after acquiring Garven for $25m (£19. 6m).
First-half revenue, earnings rise for Baltic Classifieds Group
Baltic Classifieds Group reported a 17% improvement in first-half revenue on Thursday, to €41. 8m, with core B2C and C2C classifieds streams, which account for 90% of revenue, also growing 17%.
Watches of Switzerland H1 revenues jump on US demand, profit falls
Watches of Switzerland reported a jump in first-half revenue on Thursday amid solid US demand, but a drop in profit.