News And Announcements
CEO Matt Moulding commits up to £60m as THG announces debt refinancing, equity raise
THG announced a debt refinancing and equity raise on Monday to support its "strategic growth targets" following the demerger of the Ingenuity business.
Frasers to open more than 350 Sports Direct stores in Southeast Asia, India
Mike Ashley’s Frasers Group said on Monday that it was planning to open more than 350 Sports Direct stores in Southeast Asia and India as it expends its existing partnership with MAP Active, a sports, fashion and distributor operator in south Asia.
S4 Capital shares jump after first divi payment despite client caution
Shares in S4 Capital surged on Monday as the Digital advertising and marketing business paid its first dividend despite warning of client caution amid increasing concerns about macro-economic uncertainty and the impact of tariffs.
Morrisons to close 17 shops, 52 in-store cafes
Morrisons announced a major restructuring plan on Monday that will see the closure of 17 convenience stores, 52 in-store cafés, and a range of other in-store services, putting 365 jobs at risk across the UK.
Novo Nordisk inks deal on trial obesity drug worth up to $2bn
Danish drugmaker Novo Nordisk has signed a deal worth up $2bn to develop, make and sell United Laboratories International's weight-loss drug candidate.
Xtellus to buy Serinus Energy in £5.1m cash deal
Serinus Energy said on Monday that it has agreed to be taken over by US investment firm Xtellus in a £5. 1m cash deal.
Johnson Service Group appointes new CFO as Monaghan retires
Johnson Service Group announced on Monday that chief financial officer Yvonne Monaghan would retire after more than four decades with the company, including 17 years as CFO.
Seeing Machines appoints technology, safety chiefs
Seeing Machines announced the appointments of John Noble as its chief technology officer and Dr Mike Lenné as its first chief safety officer on Monday, as it positioned itself to capitalise on rising regulatory demand for driver monitoring systems (DMS) across the transport sector.
Pantheon Resources narrows half-year loss as it progresses developments
Pantheon Resources reported a reduced after-tax loss of $6. 9m for the six months ended 31 December 2024, down from $7. 4m in the same period a year earlier, as it progressed key developments at its 100%-owned Kodiak and Ahpun oil and gas projects on Alaska’s North Slope.
RWE shares jump as Elliott takes stake, wants buyback lift
Shares in German energy form RWE rose on Monday after activist investor Elliott revealed it had taken an almost 5% stake in the company and called for an increase its €1. 5bn share buyback programme.
Bayer ordered to pay $2.1bn in US state Roundup verdict
Bayer has been ordered by a US state jury to pay approximately $2. 1bn in damages to a plaintiff who alleged that the company’s Roundup weedkiller caused his cancer.
Caledonia Mining declares quarterly dividend
Caledonia Mining declared a quarterly dividend of 14 US cents per share on Monday, maintaining its regular shareholder distribution in line with its long-standing dividend policy.
Heathrow had enough power capacity during outage - National Grid CEO
National Grid’s chief executive said over the weekend Heathrow Airport had sufficient electrical capacity to remain operational during Friday’s fire-related power outage, intensifying questions over the airport’s decision to close for nearly 18 hours.
Wood Group extends Sidara 'put up or shut up' deadline
Wood Group said on Monday that the deadline by which Dubai’s Sidara must either announce a formal intention to make an offer for the company or walk away has been extended.
Team Internet reports strong cash generation despite headline loss
Team Internet reported strong operational cash generation and resilient margins for the year ended 31 December on Monday, despite a headline loss driven by impairment charges.
Science Group delivers record adjusted profit despite revenue fall
Science Group delivered record adjusted operating profit and earnings per share for the year ended 31 December, it announced on Monday, despite a modest decline in revenue.
EnSilica signs multi-million pound optical computing contract
EnSilica has signed a multimillion-pound contract to provide design and manufacturing services to an unnamed optical computing systems company, the chipmaker said on Monday.
Abingdon Health revenue rises, losses widen in first half
Abingdon Health reported a 28. 4% increase in revenue to £3. 1m for the six months ended 31 December on Monday, up from £2. 4m a year earlier, supported by growth across its regulatory and lateral flow products divisions.
EMA accepts GSK's application to expand Nucala use
GSK said on Monday that the European Medicines Agency has accepted its application to expand the use of ‘Nucala’, or mepolizumab, to include patients with chronic obstructive pulmonary disease (COPD) who have an eosinophilic phenotype.
Great Portland buys freehold of One Chapel Place
Great Portland Estates said it has bought the freehold interest in the One Chapel Place office building in London’s West End.