News And Announcements
British Steel to close Scunthorpe furnaces
Thousands of jobs were put at risk on Thursday, after British Steel announced plans to shut two blast furnaces at its Scunthorpe plant, just days after rejecting a £500m government lifeline.
Montagu Private Equity considering bid for Advanced Medical Solutions
Advanced Medical Solutions confirmed in a regulatory update on Thursday that Montagu Private Equity was considering a possible offer for the company, following recent press speculation.
WH Smith set to pick buyer of high street chain - report
WH Smith will reportedly decide the fate of its high street chain within days, as it holds final discussions with the two remaining bidders for the business.
Ofcom fines OnlyFans owner more than £1m
The owner of OnlyFans has been fined more than £1m after it supplied Ofcom inaccurate data, it was confirmed on Thursday.
Europe open: Auto stocks battered as Trump imposes 25% tariffs
European shares slumped at the open on Thursday as US President Donald Trump said he would hit all car and related parts imports with 25% tariffs from April 2.
ITM Power chosen for Tees Green Hydrogen Project engineering package
ITM Power announced on Thursday that it has been chosen by EDF Renewables UK and Hynamics, a subsidiary of EDF Group, to deliver an engineering integration package for phase one of the Tees Green Hydrogen project in northeast England.
Franchise Brands confident after solid year
Franchise Brands reported robust final results for the year ended 31 December on Thursday, with record system sales and improved profitability amid a challenging macroeconomic environment.
James Halstead profits rise despite fall in first-half revenue
James Halstead reported a resilient first half on Thursday, posting higher profits and a record interim dividend despite a year-on-year decline in revenue.
Caledonia Mining pushes out Bilboes FS in bid to enhance economics
Caledonia Mining announced on Thursday that it has extended the timeline for completing the feasibility study on its Bilboes gold project to fully assess several material optimisation opportunities aimed at enhancing project economics and reducing upfront capital requirements.
Somero Enterprises appoints new chief executive officer
Somero Enterprises announced the appointment of Tim Averkamp as its new chief executive officer on Thursday, effective 1 April, following a comprehensive selection process.
Playtech B2B unit hits medium-term targets in 'landmark year'
Software developer Playtech said on Thursday that its business-to-business unit had hit medium-term targets ahead of schedule in what it branded a "landmark year".
H&M posts weaker-than-expected Q1 sales
Swedish fashion retailer H&M reported weaker-than-expected first quarter sales amid continuing sluggish demand for its clothing range and increased discounting.
ADVFN to delist from AIM
ADVFN said on Thursday that it was planning to delist from AIM and go private.
James Latham set to end year in line with expectations
James Latham said in an update on Thursday that it expects revenue and profit before tax for the year ending 31 March to be in line with market expectations, supported by stable cost pricing and slightly higher volumes.
Seeing Machines reports reduced expenses, higher gross profit
Seeing Machines reported a significant reduction in operating expenses and a strengthened financial position in its half-year results on Thursday, positioning it to reach a cash flow break-even run rate in 2025.
M&C Saatchi upbeat after 'strong' year
Advertising agency M&C Saatchi posted a jump in annual earnings on Thursday, and said it was on track to meet market expectations for the current year.
Naked Wines outlines new strategic plan, shares surge
Naked Wines surged on Thursday as investors welcomed the company’s new strategic plan to deliver "significant cash, distributions, and sustainable profitable growth".
CLS Holdings agrees to sell Spring Mews student block
CLS Holdings announced on Thursday that it has agreed to sell its student accommodation asset at Spring Mews in Vauxhall, London, for £101. 1m in cash to a joint venture between Rosethorn Capital Partners and Barings.
Capricorn Energy optimistic after 'pivotal' year
Capricorn Energy said on Thursday that 2024 had been a "pivotal" year for the oil and gas producer, with crucial negotiations with the Egyptian authorities on track to conclude in the coming months.
Octopus Renewables continues to hike divi in line with inflation
Octopus Renewables Infrastructure Trust delivered a positive net asset value total return of 2. 5% in 2024, supported by stronger operational performance and progress on its capital allocation strategy.