Company News
Watchdog to probe GXO's takeover of Wincanton
The UK competition watchdog has launched a merger inquiry into GXO Logistics’ £762m acquisition of Wincanton, it was confirmed on Friday.
Caring reportedly nearing £1bn deal to sell The Ivy Collection
Richard Caring, the billionaire businessman known for his ownership of high-end London restaurants, was reportedly nearing a deal to sell a controlling stake in The Ivy Collection on Friday.
Digital 9 warns of valuation slide, shares fall
Shares in Digital 9 Infrastructure fell on Friday, after the investment trust warned of a sharp slide in its portfolio valuation.
Filtronic unveils planned move to new, purpose-built facility
Filtronic, a designer and manufacturer serving the aerospace, defence, space, and telecoms sectors, announced plans to relocate its Sedgefield operations on Friday, to a new, purpose-built facility in early 2025.
Zephyr Energy upbeat on Paradox Basin production testing results
Zephyr Energy, a Rocky Mountains-based oil and gas company, announced successful results from the second phase of production testing on its State 36-2R LNW-CC well at the Paradox Basin project in Utah on Friday.
Galileo reports recent progress at Luansobe copper project
Galileo Resources updated the market on the development of its Luansobe copper project in Zambia on Friday, where it holds a 75% interest.
Portmeirion appoints new group finance director
Homeware brand owner and retailer Portmeirion Group announced the appointment of Jonathan Hill as its new group finance director on Friday, effective from 1 October.
Next 15 shares halve as major clients walks
Shares in public relations firm Next 15 nosedived early on Friday following the announcement that one of its biggest clients would not be renewing its contract.
Camellia swings to loss in tough first half
Camellia reported a challenging first half on Friday, posting a loss after tax of £14m, swinging from the £3. 5m profit recorded in the same period last year.
EU aviation probe weighs on Rolls-Royce
Shares in Rolls-Royce Holdings came under pressure on Friday, after the European air regulator announced an one-off inspection of the UK firm's Trent XWB-97 engines.
Cairn Homes CEO sells eight million shares
Cairn Homes announced on Friday that chief executive officer Michael Stanley had sold eight million of its shares through a secondary placing.
Invinity warns of longer sales cycle, appoints new CEO
Shares in Invinity Energy Systems were sliding on Friday morning, after it warned of a lengthened sales cycle and announced a change of chief executive officers.
Onward Opportunities reports solid first half
Onward Opportunities, an investment company focused on smaller UK firms, reported strong unaudited interim results for the six months ended 30 June on Friday.
Regulators green light Nationwide's £2.9bn Virgin Money takeover
Nationwide Building Society’s £2. 9bn takeover of Virgin Money UK has received regulatory approval, it was announced on Friday.
Stuart Paynter tapped as new Ceres Power CFO
Ceres Power announced the appointment of Stuart Paynter as its new chief financial officer and a board member on Friday, effective 1 October.
Poppy Gustafsson steps down as Darktrace CEO
Cybersecurity specialist Darktrace announced on Friday that Poppy Gustafsson was stepping down as chief executive officer, effective immediately.
GSK announces positive COPD trial results
GSK announced positive results from its phase three ‘MATINEE’ clinical trial on Friday, which evaluated the effectiveness of ‘Nucala’, or mepolizumab, in treating chronic obstructive pulmonary disease (COPD).
Berkeley Group says trading 'stable', backs FY guidance
Housebuilder Berkeley Group backed its full-year guidance on Friday as it said trading in the first four months of the year has been stable.
House prices pick up to two-year high - Halifax
UK house prices edged up to a two-year high in August as confidence picked up amid easing interest rates, according to figures released by Halifax on Friday.
Friday preview: US non-farm payrolls, Berkeley Group Holdings in focus
All eyes at the end of the week will be on the US non-farm payrolls report for August, which may decide whether the Federal Reserve opts for a 25 or 50 basis point cut when its meets in two weeks' time.