Technology
Berenberg ups Babcock target price, says company delivering on turnaround plan
Analysts at Berenberg revised up their target price British aerospace, defence and nuclear engineering services outfit Babcock.
Octopus Renewables Infrastructure Trust to develop PV and battery storage assets in UK
Octopus Renewables Infrastructure Trust announced the creation of a new business to help build new ground-mounted solar photovoltaic and battery storage assets in the UK.
Tekmar renews existing facilities with Barclays
Offshore energy solutions specialist Tekmar announced the successful renewal of its existing banking facilities with Barclays Bank on Friday.
Invinity sells battery system for Western Australia microgrid
Energy storage technology specialist Invinity announced the sale of a 0. 2 MWh Invinity VS3 flow battery system to VSUN Energy - a wholly owned subsidiary of Australian Vanadium - on Friday.
AFC Energy inks joint venture with Speedy Hire
Hydrogen generator technology company AFC Energy announced on Friday that it has joined forces with Speedy Hire to introduce a dedicated hydrogen-powered generator plant hire business.
YouGov revenue comes in at lower end of guidance
Research and data specialist YouGov said in a full-year trading update on Friday that it had made significant progress across all of its geographies, as it continued to invest selectively in growth initiatives, aligning with its strategic goals.
Intertek reports robust first-half growth
Testing and assurance provider Intertek reported robust first-half revenue growth, improved profit margins, and a higher return on invested capital on Friday.
Europe to probe Microsoft's bundling of Teams with Office 365
The European Commission opened a formal investigation into Microsoft on Thursday, to assess whether the tech giant had violated EU competition rules.
Drax sees 1H profit surge, expects reduction in gearing
Drax posted a surge in its first half profits and guided towards a reduction in gearing by year end.
RS Group announces softer revenue, new CFO
RS Group reported a softening in first quarter revenue in an update on Thursday when compared to initial expectations, while also announcing the appointment of its new chief financial officer.
Europe close: Stocks slip ahead of Fed, LVMH drop hits Cac-40
European shares ended on a mixed note on Wednesday as investor focus turned to the start of the US Federal Reserve’s two-day policy meeting for any clues on the future path of interest rates and also digested another deluge of earnings.
CMA to consult on changes offered by Amazon Marketplace
In response to concerns raised by the Competition and Markets Authority (CMA) over potential anti-competitive practices, Amazon has offered to implement changes to the way it treats third-party sellers using its Marketplace platform in the UK, it emerged on Wednesday.
Learning Technologies adjusts guidance after resilient first half
Digital learning and talent management technology provider Learning Technologies Group said in an update on Wednesday that, during the first half, revenue from continuing operations was expected to be at least £283m, up from £277. 8m in the same period of 2022.
LBG Media operations chief steps down permanently
Youth-focussed digital publisher LBG Media announced the resignation of its chief operating officer and director Arian Kalantari on Wednesday, effective immediately.
Biogen to axe 1,000 jobs as part of cost-cutting strategy
US biopharmaceutical firm Biogen announced that it would trim its workforce by 1,000 jobs on Tuesday, as part of a cost reduction strategy.
Berenberg stays at 'buy' on Ceres Power, trims target
Analysts at Berenberg stood by their 'buy' recommendation for shares of Ceres Power following the company's first half results.
WANdisco returns to market after delayed results, $30m fundraise
Shares in data specialist WANdisco were tumbling on Tuesday, as it returned to trading after the publication of its delayed results, and the completion of a $30m fundraise.
Smart Metering Systems reports strong growth in key areas
Energy infrastructure company Smart Metering Systems reported strong growth in key areas in a first-half trading update on Tuesday.
Ceres Power warns on revenue as China delays continue
Fuel cell and electrochemical technology developer Ceres Power said in an update on Tuesday that it expected revenue for the first half to reach £11m, rising from £9. 7m in the same period in 2022, although it warned on revenue for the rest of the year as delays to its China plans dragged on.
ITM Power postpones full-year results, reiterates guidance
ITM Power postponed the release of its full-year audited results at the request of its auditor.