News And Announcements
FCA launches consultation on new private stock market PISCES
The Financial Conduct Authority has launched a consultation on proposals for a new stock market for private companies – the Private Intermittent Securities and Capital Exchange System or PISCES.
Pfizer meets forecasts with 2025 guidance
Shares in pharmaceutical and biotech giant Pfizer were on the rise on Tuesday after the New York-based outfit delivered guidance for 2025 that met analysts' forecasts.
Cadence signs letter of intent to acquire stake in Iberian projects
Cadence Minerals announced on Tuesday that it has signed a letter of intent (LOI) with Hesperian Metals, to acquire up to a 40% stake in two exploration projects in Spain and Portugal focussed on tungsten, antimony, and gold.
Frasers CEO Murray nominated for seat on Hugo Boss supervisory board
Frasers Group said on Tuesday that its chief executive, Michael Murray, has been nominated for a role on the supervisory board of German fashion brand Hugo Boss, in which it owns a 15% stake.
Arrow Exploration reaches target depth at AB-1 well
Arrow Exploration announced on Tuesday that it has reached target depth on the Alberta Llanos-1 (AB-1) exploration well, located on the Tapir Block in Colombia's Llanos Basin.
Ondine Biomedical to start phase three Steriwave clinical trial
Ondine Biomedical announced on Tuesday that it would begin its phase three ‘LANTERN’ clinical trial for its novel nasal photodisinfection technology, branded as Steriwave outside the United States.
Diaceutics wins $5.1m contract with global pharma firm
Diaceutics announced on Tuesday that it has won a $5. 1m contract with a global pharmaceutical company to deliver laboratory engagement services through its DXRX platform.
Technology Minerals shares soar on Glencore offtake deal
The share price of battery metals recycler Technology Minerals more than trebled in value on Tuesday after its subsidiary signed a black mass offtake agreement with commodities and mining giant Glencore.
Idox secures £2.4m contract with North Yorkshire Council
Idox announced a £2. 4m strategic contract with North Yorkshire Council on Tuesday, to consolidate its eight planning and building control systems into a single cloud-based platform.
Barclays loses key motor finance court challenge
Barclays lost a key court challenge related to its car loan practices on Tuesday, marking a significant setback for lenders facing a potential multi billion-pound compensation bill over auto-finance claims.
GlobalData inks deal to acquire Celent
GlobalData announced on Tuesday that it has signed an agreement to acquire Celent, a research and advisory firm within Marsh McLennan's Oliver Wyman Group, as part of its ongoing merger and acquisition strategy.
Hollywood Bowl shares slide as results fail to strike with investors
Shares in Hollywood Bowl fell sharply on Tuesday as the 10-pin venue operator reported record annual revenues but took a £5m impairment on its mini-golf operations which hit profits.
Shipbuilder Harland & Wolff on verge of £70m rescue deal
Struggling shipbuilder Harland & Wolff could be on the verge of a rescue deal by Spanish peer Navantia that will secure more than 1,000 jobs across its four sites in the UK.
Tullow Oil tumbles as Kosmos walks away
Tullow Oil tumbled on Tuesday after Kosmos Energy said it does not plan to make an offer for the oil and gas exploration company.
European Green Transition reports encouraging drilling results from Olserum
European Green Transition announced encouraging final results on Tuesday from its drilling programme at the Olserum Rare Earth Element (REE) project in Sweden.
Goodwin H1 profits surge on nuclear and naval contract wins
Engineering and manufacturing firm Goodwin said on Tuesday that interim pre-tax profits had surged as a result of the successful execution of contracts in the nuclear and naval sectors.
Enquest strikes Seligi field partnership agreement
Exploration and production firm Enquest said on Tuesday that it has been awarded an agreement to develop approximately 155. 0bn standard cubic feet of additional Seligi field gas resources, with a 50% equity share.
FRP Advisory Group in line with expectations after first half
FRP Advisory Group reported a strong first half on Tuesday, with revenue rising 32% to £77. 6m, supported by organic growth and acquisitions.
Thames Water seeks High Court approval for £3bn emergency loan
Thames Water, the UK's largest water utility, is seeking High Court approval for a £3bn emergency loan to avert a cash crisis that could see the company run out of funds by March.
Gulf Marine Services lifts profit outlook for 2025
Gulf Marine Services has revealed that 2024 profits are likely to be at the upper end of guidance and pointed to further growth in 2025 on the back of strong demand for its vessels this year.