News And Announcements
Merck in global license agreement with Hansoh Pharma for weight-loss drug
Merck said on Wednesday that it has signed an exclusive global licensee agreement with Chinese biopharmaceutical firm Hansoh Pharma for weight-loss drug HS-10535.
Guardian Metal upbeat on due diligence for Tempiute Tungsten Mine
Nevada-focussed mineral explorer and developer Guardian Metal Resources updated the market on its due diligence for the Tempiute Tungsten Mine and Mill project on Wednesday.
General Mills cuts guidance, shares fall
Shares in General Mills came under pressure on Wednesday, after the US food giant beat earnings expectations but cut its full-year outlook.
Halifax forecasts 'modest' house price growth in 2025
UK house prices are set to grow "modestly" in 2025, Halifax said on Wednesday, following a better-than-expected performance over the last 12 months.
Guardian signs deal to sell Observer newspaper to Tortoise Media
The Scott Trust and Guardian Media Group (GMG) have finally offloaded the Observer newspaper to digital start-up Tortoise Media in a cash and shares deal, foiling a rival bid from Ecotricity founder Dale Vince, it was announced on Wednesday.
Honda and Nissan exploring mega merger amid EV uncertainty - report
Japanese car giants Honda Motor Co and Nissan Motor Co are exploring a potential merger, it was widely reported on Wednesday.
Zizzi owner Azzurri gives confident outlook as annual sales jump
Zizzi and ASK Italian owner Azzurri Investment Group has pledged to open more restaurants in the coming years despite the ongoing challenges in the UK's hospitality sector, as it reported an 18% jump in annual sales.
Shoe Zone cites Budget changes as it warns on profits, shares tank
Shoe Zone warned on profits on Wednesday and said it would be forced to close some stores due to changes announced in the Budget, sending shares in the retailer tumbling.
UniCredit ups stake in Commerzbank again as takeover speculation builds
Italian banking group UniCredit has upped its stake in German peer Commerzbank to 28% and is seeking a further investment that will take its holding to just below the threshold that requires a mandatory takeover offer.
Metals One announces drilling results from Rana Project
Metals One, a company advancing strategic mineral projects in Norway and Finland, announced positive drilling results from its Råna Project in Norway on Wednesday, operated by Kingsrose Mining.
Provexis announces purchase of additional Fruitflow inventory
Provexis, the developer and licensor of the ‘Fruitflow’ heart-health functional food ingredient, announced the purchase of additional Fruitflow II SD inventory from dsm-firmenich to meet growing demand on Wednesday.
Amazon reportedly settles with UK drivers over self-employment dispute
Amazon has reached a settlement with thousands of UK delivery drivers, it emerged on Wednesday, who claimed the company deprived them of fair compensation by misclassifying them as self-employed.
Zotefoams halts investment in new tech, shares fall
Zotefoams announced it was halting investment in a new product on Wednesday, after the packaging specialist failed to secure a partner for the project.
Westminster Group confident despite tougher economic conditions
Security solutions provider Westminster Group reported a positive outlook and ongoing progress across its operations in an update on Wednesday.
IntegraFin flags higher costs and lower fees, shares tumble
Shares in IntegraFin were sliding on Wednesday morning, after the operator of the 'Transact' investment platform reported a robust full-year financial performance, but flagged rising costs and lower fees for some of its services going forward.
Volkswagen buys stake in Canadian lithium supplier Patriot
Volkswagen Group has purchased a 9. 9% stake in Canadian lithium exploration company Patriot Battery Metals, which it says is a "significant milestone" in the manufacturer's journey to becoming fully electric.
Digitalbox acquires EastEnders fan platform Walford News
Mobile-focussed digital media company Digitalbox announced the acquisition of Walford News, a platform dedicated to news, gossip, and spoilers about the UK soap opera EastEnders, on Wednesday.
Hardide secures 10-year supply deal with major aerospace customer
Advanced surface coating technology company Hardide announced on Wednesday that it has secured a 10-year supply agreement with an unnamed major aerospace customer for the coating of cargo door components.
Heathrow to spend £2.3bn on upgrades over next two years
Heathrow has announced a £2. 3bn investment plan to upgrade the UK's biggest airport over the next two years, £244m higher than previously expected.
Feedback strikes upbeat tone, shares spark
Shares in Feedback sparked in early trading on Wednesday, after the clinical infrastructure specialist adopted an optimistic outlook on the back of a recent fundraising.