News And Announcements
Heathrow to resume limited flights after fire causes power cut
London’s Heathrow airport said some operations would resume on Friday after a fire at a local electricity substation overnight caused a power outage, hitting more than 1,300 flights and disrupting air travel globally.
WPP in talks to sell in-flight entertainment provider Spafax - report
Advertising agency WPP is reportedly in talks to sell Spafax, a provider of in-flight entertainment which counts some of the world's leading airlines among its clients.
FCA launches probe into pure protection insurance market
The Financial Conduct Authority announced on Friday that it is to launch an investigation into the pure protection insurance market amid concerns about how adviser commissions are affecting consumers.
Mike Ashley’s Frasers Group lifts Asos stake
Mike Ashley’s Frasers Group lifted its stake in Asos on Friday to 25. 13% from 24. 21%.
British Land secures approval to redevelop Euston Tower
Real estate developer British Land has been given the green light to redevelop the 31-storey Euston Tower into 560,000 square feet of workspaces and hospitality venues.
Carnival posts record Q1 revenues, boosts FY earnings outlook
Cruise operator Carnival lifted its full-year earnings outlook on Friday as it reported record revenues for the first quarter, citing outperformance across the board.
Big Technologies considers action against suspended CEO; Shares tank
Shares in Big Technologies plunged on Friday as the company said it was considering action against suspended chief executive officer and founder Sara Murray.
Angle completes assay development projects
Angle announced on Friday the successful completion of assay development projects for AstraZeneca and Eisai, further expanding its portfolio of liquid biopsy solutions and strengthening its position as a partner to the pharmaceutical industry in oncology drug development.
Caledonia Mining full-year results delayed to end of March
Caledonia Mining said on Friday that the publication of its audited financial results for the year ended 31 December would be delayed due to an accounting query raised by its auditors regarding the treatment of deferred tax dating back to 2019.
AstraZeneca spending $2.5bn on new R&D centre, biotech deals in China
Pharma giant AstraZeneca announced on Friday that it is investing $2. 5bn in a new global R&D centre in China, along with major research and manufacturing agreements with three of the country's biotech firms.
Power Metal shares jump on latest exploration update
Power Metal Resources said on Friday that recent geophysical surveys and fieldwork at the Reitenbach Uranium Property in Saskatchewan had identified multiple promising targets, particularly in the northeastern portion of the site.
Volvere flags 73pc rise in full-year profits
Volvere said in an update on Friday that it expects to report a 73% increase in group profit after tax to £4. 78m for the year ended 31 December, driven by improved trading at its main operating subsidiary, Shire Foods, and increased finance income from cash deposits.
Helium One reports first-half operational progress
Helium One reported interim results for the six months ended 31 December on Friday, highlighting operational progress in both Tanzania and the United States, alongside a period-end net cash balance of just over $10m.
Zinc Media to make £0.4m payout to The Edge vendors
Zinc Media Group announced on Friday that it will make a £0. 4m earnout payment to the vendors of The Edge Picture Co following the subsidiary’s strong trading performance and the achievement of earnings targets set out in the original acquisition terms.
Time Out opens first Asia market in Osaka
Time Out Group announced the opening of its first food and cultural market in Asia on Friday, with the launch of Time Out Market Osaka, its 11th site globally and fifth operated under a management agreement.
OPG Power to end year as expected, CFO steps down
OPG Power Ventures said in a trading update on Friday that it expects EBITDA for the year ending 31 March to be in line with market expectations, supported by continued stable operational performance and a strong deleveraging effort.
Asos lifts first-half profit outlook, shares surge again
Asos lifted its profit outlook for the first half on Friday, sending shares in the online fashion retailer surging for the second day in a row.
Energean pulls assets deal with Carlyle
UK-based gas producer Energean has pulled its $945m deal to sell some of its assets to private equity fund Carlyle due to pending regulatory approvals in Italy and Egypt.
Petrofac delays results as it progresses restructuring plan
Petrofac said in an update on Friday that a UK court has approved the proposed creditor class composition for its financial restructuring plan, allowing it to proceed with creditor meetings.
Ukraine suspends VAT refunds on two Ferrexpo subsidiaries
Ferrexpo said on Friday that Ukrainian tax authorities have suspended VAT refunds for January totalling UAH 512. 9m ($12. 5m) for two of its subsidiaries, citing sanctions imposed on major shareholder Kostiantyn Zhevago.