News And Announcements
EU proceeds with action against Apple, Google
The European Commission has decided to proceed with regulatory action against Apple and Google under its new digital competition rules.
Softcat shares spike after FY guidance upgrade
Shares in Softcat surged on Wednesday as the company lifted expectations for operating profit growth after interim earnings jumped by 12%.
Allianz, BlackRock join consortium to acquire Viridium for €3.5bn
A consortium of top-tier insurers and asset managers, including Allianz, BlackRock and T&D Holdings, are to acquire German life insurance consolidator Viridium Group for €3. 5bn.
General Mills cuts guidance on slowing demand for snacks
Cheerios-owner General Mills cut its full-year outlook on Wednesday, on waning demand for snacks in the US and mounting economic uncertainty.
Southern Water seeking debt relief from some creditors - reports
Southern Water is seeking debt relief from some of its creditors, it was reported on Wednesday, as its owner Macquarie Asset Management injected fresh capital into the struggling UK utility.
Superdrug to open 25 large-format UK stores
Superdrug is to expand its UK footprint by opening a raft of larger stores, the health and beauty retailer announced on Wednesday.
AFC Energy losses broadly stable as it focuses on costs
AFC Energy reported revenue of £4m for the year ended 31 October on Wednesday, driven by the delivery of 20 H-Power generators to its joint venture with Speedy Hire.
Goodwin order book hits £300m, shares jump
Shares in Goodwin sparked on Wednesday, after the engineering specialist’s order book hit a record high.
Alien Metals makes progress at Pinderi Hills, exploring opportunities for Hancock
Alien Metals updated the market on recent exploration activities at Pinderi Hills on Wednesday, and announced the appointment of Sternship Advisers to explore potential merger and acquisition and joint venture opportunities for its Hancock Project.
'Difficult' year dents sales, profits at Judges Scientific
Buy and build specialist Judges Scientific posted weaker profits and revenues on Wednesday, following a challenging year for orders.
Science Group refinances facilities, builds strategic Ricardo stake
Science Group said in an update on Wednesday that it has refinanced its bank facilities, securing two new term loans and an increased revolving credit facility to support its strategic plans.
Filtronic expands strategic partnership with SpaceX
Filtronic announced on Wednesday that it has expanded its strategic partnership with SpaceX, securing an increased allocation of business to supply advanced E-band SSPA modules for the Starlink satellite constellation.
Serica Energy 'frustrated' with further delay for Triton restart
Serica Energy announced on Wednesday that production from the Triton FPSO was now expected to remain offline until May, following delays in critical repairs.
Advanced Medical Solutions reports full-year growth as it integrates acquisitions
Advanced Medical Solutions reported a 41% increase in revenue to £177. 5m for the year ended 31 December on Wednesday, driven by strong organic growth and contributions from its recent acquisitions of Peters Surgical and Syntacoll.
Blue Star Capital investee SatoshiPay launches Vortex in Brazil
Blue Star Capital noted the launch of Vortex in Brazil, a decentralised exchange platform incubated by its investee company SatoshiPay, on Wednesday.
Metals One agrees to buy FinnAust Finland from 80 Mile
Metals One announced on Wednesday that it has entered into a binding agreement to acquire FinnAust Mining Finland from 80 Mile, securing ownership of the Hammaslahti Copper-Zinc and Outokumpu Copper projects in Finland.
Shepherd Neame to raise prices as Budget changes take effect
Pub owner and brewery group Shepherd Neame has said that it is looking to save costs and lift prices as a result of "unwelcome" cost increases introduced in the latest Budget, as it reported a slight dip in first-half sales.
Hutchmed renal cell carcinoma trial meets primary endpoint
Hutchmed China, alongside Innovent Biologics, announced on Wednesday that the FRUSICA-2 phase two and three clinical trial evaluating the combination of fruquintinib and sintilimab as a second-line treatment for advanced renal cell carcinoma (RCC) in China had met its primary endpoint of progression-free survival.
Ferrexpo accuses Ukraine of breaching treaty obligations
Shares in Ferrexpo were sharply lower on Wednesday, after the iron ore producer accused Ukraine of breaching international investment agreements.
Mitie appoints Chris Rogers as its next chair
Mitie Group announced the appointment of Christopher Rogers as its chair-elect on Wednesday, to succeed Derek Mapp as chair following the company’s annual general meeting on 22 July, when Mapp would step down after eight years on the board.