News And Announcements
Asos surges as largest shareholder Anders Holch Povlsen ups stake
Asos shares surged on Thursday after largest shareholder Anders Holch Povlsen upped his stake in the online fashion retailer to just below the level that triggers a mandatory takeover offer.
Wickes profits drop amid weaker demand for larger ticket items
Wickes rallied on Thursday as it posted a drop in full-year profits due to weaker demand for larger ticket items, but said it remained on track to meet market expectations for FY25 and announced a £20m share buyback.
Yorkshire Water to pay £40m over sewage failings
Yorkshire Water has been ordered to pay out £40m to address serious failings in its sewage and wastewater systems, the regulator confirmed on Thursday.
Sodexo cuts revenue guidance, shares tank
Sodexo shares tanked on Thursday as the French food services firm cut its full-year revenue guidance, mainly due to slower-than-expected organic growth in North America.
Tesla recalling 46k Cybertrucks over loose panel issue
Tesla is recalling 46,096 Cybertrucks in the US, it emerged on Thursday, due to a defect that could cause exterior trim panels to detach while driving, creating a potential road hazard.
Niox confirms approach from Keensight, enters formal offer period
Niox Group responded to media speculation on Thursday, confirming that it received a revised takeover proposal from Keensight Capital, valuing the medical device company at 81p per share.
Bank of England leaves interest rates on hold
The Bank of England left the cost of borrowing at 4. 5% on Thursday, in a widely-expected decision.
Coral Products subsidiary signs food container supply deal
Coral Products announced on Thursday that its subsidiary Tatra Rotalac has signed an exclusive three-year supply agreement with a leading UK distributor of BRC packaging containers.
Central Asia Metals reports strong year
Central Asia Metals reported a solid set of 2024 results on Thursday, with increased revenue, strong free cash flow generation, and a maintained dividend, while remaining debt-free.
Focusrite maintains expectations amid economic uncertainty
Audio production equipment specialist Focusrite reported first-half revenue growth in an update on Thursday, with performance in line with expectations, despite margin pressure from freight costs and product mix.
Kraken to buy NinjaTrader for $1.5bn
Cryptocurrency exchange Kraken said on Thursday that it has agreed to buy retail futures trading platform NinjaTrader for $1. 5bn.
LME fined £9.2m over nickel market chaos
The London Metal Exchange has been fined more than £9m by the financial watchdog after it was unable properly manage a spike in volatility in nickel trading.
PetroTal upbeat after solid full-year results
PetroTal reported a strong set of operational and financial results for 2024 on Thursday, with production exceeding guidance and a significant return of capital to shareholders.
Mobile Streams agrees to increase stake in Capital Media Sports
Mobile Streams announced an agreement on Thursday to increase its ownership in Capital Media Sports (CMS), the parent company of the Estadio media brand, with a potential path to acquiring a controlling stake.
SysGroup included in Rubrik's Advanced Partner Program
SysGroup announced its inclusion in Rubrik’s Advanced Partner Program on Thursday, in a move aimed at bolstering its ability to deliver data security, ransomware detection and recovery solutions across the UK.
Lloyd's of London hails 'outstanding' year despite profits hit
Lloyd’s of London reported a slide in profits on Thursday, following a raft of catastrophes in the US.
Costain selected as delivery partner for Urenco at Capenhurst
Costain Group announced on Thursday that it has been selected as the programme delivery partner for Urenco’s infrastructure investment at its Capenhurst site in Cheshire.
Crest Nicholson sees strong start to the year, shares jump
Shares in Crest Nicholson Holdings rallied on Thursday, after the housebuilder said it had seen an "encouraging" start to the year.
3i Group reports progress at Action, shares slide
Shares in investing giant 3i Group were sliding on Thursday morning, even after it reported positive progress ahead of a capital markets seminar focused on its largest portfolio company, the Benelux-focussed general discount retailer Action.
Energean reports solid results, warns of Carlyle transaction risks
Energean reported a strong financial performance for 2024 on Thursday, driven by growth in its core Israeli operations, despite an impairment charge impacting net profit.