News And Announcements
Siemens announces 6,000 job cuts, cites 'muted demand'
Siemens announced on Tuesday that it is to shed more than 6,000 workers from its automation and EV-charging units due to what it called "capacity adjustments".
Thames Water in takeover talks with six suitors
Thames Water said on Tuesday that it has received takeover offers from six potential suitors and that talks with relevant parties are ongoing.
Fund managers make record rotation out of US stocks - BofA
Fund managers made the sharpest rotation in March out of US stocks and into Europe since records began in 1999, according to the latest fund manager survey from Bank of America.
Big Technologies suspends CEO amid litigation
Big Technologies announced the suspension of its chief executive officer Sara Murray on Tuesday, following concerns about her conduct related to ongoing litigation.
Fonix reports solid first-half growth
Fonix reported solid first-half growth on Tuesday, with gross profit rising 6. 5% to £9. 8m and adjusted EBITDA increasing 6. 8% to £7. 8m.
Yu Group revenue surges in 2024
Yu Group reported a strong 2024 financial performance on Tuesday, with revenue rising 40% to £645. 5m, driven by a 78% increase in energy volumes supplied.
Fintel upbeat after strong 2024 performance
Fintel reported a strong 2024 financial performance on Tuesday, with core revenue rising 22% to £68. 9m, supported by £15m in revenue from acquisitions.
Alphabet lands Wiz in $32bn deal
Alphabet has agreed to buy cloud security start-up Wiz in a blockbuster $32bn deal, the Google parent confirmed on Tuesday.
H&T delivers record full-year profits
Pawnbroker and jewellery retailer H&T delivered record profits in 2024, it announced on Tuesday with profit before tax rising 10% to £29. 1m as demand for its core pawnbroking services continued to grow.
Midwich delivers record revenue, profits fall
Midwich delivered record revenue and gross margins in 2024, it reported on Tuesday, despite ongoing macroeconomic pressures, as its profits declined.
Boku reports strong financial, operational performance
Boku reported a strong financial and operational performance for 2024 on Tuesday, with total revenue rising 20% to $99. 3m, or 24% on a constant exchange rate basis.
Frasers to launch fresh bid for XXL
Mike Ashley’s Frasers Group is to make a mandatory offer for Norway’s XXL, the retailer confirmed on Tuesday, just weeks after abandoning its pursuit of the sporting goods specialist.
Greatland reports increased total mineral resource
Greatland Gold reported a significant increase in its total mineral resources on Tuesday, following the inclusion of an inaugural estimate for the Telfer gold-copper mine.
Accesso taps ex-Nando's, Merlin tech head as new COO
Accesso Technology Group announced the appointment of Lee Cowie as its chief operating officer on Tuesday, bringing more than 15 years of senior international executive experience to the company.
Old Mutual posts best profit since 2019, divi underwhelms
Old Mutual reported its highest profit since 2019 on Tuesday, driven by rising demand for short-term insurance and wealth management products in South Africa.
Computacenter shares soar on upbeat outlook for 2025
Shares in Computacenter soared on Monday as the IT group turned upbeat on its prospects after a strong second half that helped annual profit nudge ahead of forecasts, despite an uncertain macroeconomic environment and softer market conditions in the UK, offset by stronger performances in the US and Germany.
CAP-XX signs global distribution agreement with Premier Farnell
CAP-XX said on Tuesday that it has signed a global distribution agreement with electronic components distributor Premier Farnell.
Zotefoams unveils bullish growth targets after record year
Full-year profits at advanced materials group Zotefoams jumped on the back of record sales, with the company unveiling new medium-term targets on Tuesday to grow revenues by a third by 2029.
Mortgage Advice Bureau reports strong 2024
Mortgage Advice Bureau reported a strong financial performance for 2024 on Tuesday, with revenue rising 11. 3% to £266. 5m, supported by growth in mortgage completions and an expanding adviser network.
Genel Energy pledges to expand footprint, boost cash flows
Genel Energy said on Tuesday that it would look to further boost its presence in the Middle East, after delivering free cash flow for the first time.