News And Announcements
Imperial Brands takes wraps off new long-term strategy, 'evergreen' buyback
Imperial Brands unveiled a new long-term growth strategy to 2030 on Wednesday, building on its current five-year plan with a focus on delivering sustainable value in combustibles, scaling its next generation products (NGP) business, and driving efficiencies through a more agile, data-led organisation.
Chancellor confirms spending cuts as OBR trims growth forecasts
The chancellor confirmed cuts to welfare spending on Wednesday while pledging to turn the UK into a "defence industrial superpower", in a spring statement designed to ensure the government's fiscal targets would still be met.
BP finalises deal with Iraq to redevelop Kirkuk oil fields
Oil major BP has finalised a deal with Iraq to redevelop several giant oil fields in Kirkuk, in the north of the country, the company said on Wednesday.
Reabold confirms LN Energy agreement to acquire Colle Santo
Reabold Resources confirmed on Wednesday that LN Energy had entered into a binding agreement to acquire full ownership of LNEnergy Srl, the operator of the Colle Santo gas field in Italy, marking a key step forward in the project’s development.
GameStop surges on plan to buy Bitcoin
GameStop surged in pre-market trade on Wednesday after the video game retailer said it plans to buy Bitcoin.
Achilles moves to oust Urban Logistics chair
Activist investor Achilles Investment has called for a radical overhaul of Urban Logistics’ board, including the removal of chair Nigel Rich, it was confirmed on Wednesday.
Arecor enters collaboration with unnamed global pharma major
Arecor Therapeutics announced on Wednesday that it has entered into a new collaboration with a major global pharmaceutical company to apply its proprietary Arestat technology platform to develop an enhanced formulation of the partner's proprietary product.
Vistry shares slide as profits slump, divi axed after 'disappointing' year
House builder Vistry reported a slump in profits after “disappointing” year amid challenging market conditions, abandoned projects and cost overruns that forced it to suspend its dividend.
Quadrise enters joint development deal with Licella Holdings
Quadrise announced on Wednesday that it has entered into a joint development agreement with Licella Holdings to explore the integration of Licella’s bio-intermediate into Quadrise’s bioMSAR and bioMSAR Zero fuels, marking a potential step forward in the development of cost-effective renewable marine fuels.
Virgin Wines UK eyes annual revenues of £100m
Virgin Wines UK said it was targeting annual revenues of £100m on Wednesday, as it outlined plans to "turbocharge" the business.
Diaceutics strengthens partnership with Partner Therapeutics
Diaceutics announced on Wednesday that it has strengthened its commercial partnership with Partner Therapeutics, the new US licence holder of the oncology precision medicine ‘Bizengri’, or zenocutuzumab, with an enhanced multi-year agreement for its PMx commercialisation services.
LifeSafe signs global distribution deal with IDEX subsidiaries
LifeSafe announced on Wednesday that it has signed an exclusive global distribution agreement with Hurst Jaws of Life and Vetter, both subsidiaries of IDEX Fire & Safety, providing the company with access to the worldwide professional fire safety market.
Everplay shares surge on return to profit, outlook
Shares in Everplay surged on Wednesday as the video game maker returned to profit and said current-year trading would be marginally ahead of expectations.
Avon Technologies raises full-year guidance
Avon Technologies raised its full-year guidance on Wednesday after reporting continued strong trading momentum in the second quarter, underpinned by robust demand across its defence and protective equipment businesses.
Evoke swings to adjusted loss after tax, reiterates guidance
Evoke shares were sliding on Wednesday after it swung to an adjusted loss after tax for 2024, despite second-half adjusted EBITDA surging 71% versus the first half, helping it exceed the top end of its earnings guidance.
Keras reports progress at Falcon Isle, appoints managing director
Keras Resources reported continued operational progress at its wholly-owned Falcon Isle Resources subsidiary in Utah on Wednesday, alongside the appointment of Colton Hale as managing director.
Ithaca Energy posts full-year results at top-end of guidance
Ithaca Energy posted a solid operational and financial performance for 2024 on Wednesday, with results at the top end of guidance, as the company benefited from the integration of Eni’s UK upstream assets following the completion of the business combination in October.
Babcock secures £1bn contract extension with MOD
Defence firm Babcock International said on Wednesday that it has been awarded a five-year contract extension with the Ministry of Defence worth around £1bn.
Landore extends BAM Gold Project buy acquiring adjacent rights
Landore Resources announced on Wednesday that it has expanded its flagship BAM Gold Project in Ontario through the acquisition of adjacent mineral rights, bolstering its exploration potential along the highly prospective Junior Lake shear zone.