News And Announcements
Harmony Energy Income Trust 'minded to recommend' £190.8m takeover by Foresight
Harmony Energy Income Trust said on Monday that it was "minded to recommend" a £190. 8m takeover proposal from investment manager Foresight Group LLP.
Crispin Odey faces life ban, £1.8m fine over sex misconduct claims
Former fund manager Crispin Odey could be banned working in financial services for life and may have to pay a £1. 8m fine over allegations of sexual misconduct at his company Odey Asset Management.
PepsiCo spends nearly $2bn on prebiotic soda brand Poppi
Soft drinks giant PepsiCo is to spend nearly $2bn on fast-growing prebiotic soda brand Poppi, which it says is part of ongoing "portfolio transformation efforts" to adapt to changing consumer needs.
Qinetiq shares slump on profit warning after contract delays
Shares in QinetiQ slumped by a fifth on Monday as the UK defence contractor said it would take a £140m impairment charge amid persistently tough market conditions and contract delays.
Thames Water Class B investors lose appeal against bailout plan
Britain’s Court of Appeal has ruled against campaigners and investors trying to stop the Thames Water’s “eye-watering” £3bn emergency bailout, according to a decision published on Monday.
OECD cuts global growth forecasts on trade war risks
Global economic expansion is expected to slow over 2025 and 2026 as policy uncertainty hits investment and household consumption, according to the Organization for Economic Co-operation and Development (OECD), which cut its growth outlook on Monday.
Incoming Intel CEO Tan planning manufacturing, AI overhaul - report
Intel's incoming chief executive Lip-Bu Tan has reportedly considered significant changes to the company’s chip manufacturing methods and artificial intelligence strategies ahead of his return to the company on Tuesday.
Trump says tariffs to go ahead on April 2 with no exemptions
US President Donald Trump said he would go ahead with reciprocal and additional sector-specific tariffs on April 2 with no exemptions for the steel and aluminium sectors.
UK consumers more pessimistic as job insecurity persists
UK consumers grew a little more pessimistic about their finances in March as job insecurity persisted, according to a survey released on Monday.
Phoenix Group lifts financial guidance after strong 2024
Phoenix Group impressed shareholders on Monday by reporting strong strategic and financial progress for 2024, helping the savings and retirement business to lift its cash generation and earnings targets for the next two years.
Victoria replaces CFO with investment banking vet
Flooring products manufacturer Victoria has announced that chief financial officer Brian Morgan is to leave the company after three years of service, causing shares to rise strongly on Monday.
Energean remains committed to sale of Egypt, Italy and Croatia assets
Energean remains committed to the sale of its portfolio in Egypt, Italy and Croatia to an outfit controlled by Carlyle International Energy Partners.
Marshalls cuts divi as profits fall, but outlook improves
Landscaping, building, and roofing products group Marshalls has trimmed its dividend after a dip in profits in 2024, but pointed to a recovery in end-markets later this year.
AstraZeneca buys biotech firm Esobiotec for up to $1bn
AstraZeneca announced on Monday that it is spending up to $1bn to acquire Belgian biotech firm EsoBiotec, which it says has the potential to "transform" cell therapy.