Company News
Diversified Energy in $410m US gas acquisition
Oil and gas explorer Diversified Energy posted a rise in earnings despite weaker prices and announced the $410m acquisition of producing reserves in the central region of the US.
Crest Nicholson to fork out up to £15m on more build defects
Crest Nicholson said on Tuesday that it has become aware of build defects on four sites that were completed prior to 2019 that could cost it up to £15m to fix.
Unilever announces plans to separate ice cream business
Unilever unveiled its latest move to expedite its growth action plan (GAP) on Tuesday, through the separation of its ice cream business and the introduction of a significant productivity programme.
DFS warns on profits after demand weakens 'significantly'
DFS cut its FY24 profit and revenue guidance on Tuesday as it said market demand has weakened "significantly" over the last two months following a solid start to January.
Wickes' profits fall less than expected, but challenges remain
DIY and trade home-improvement retailer Wickes beat market forecasts despite a drop in its annual profits, but warned that trading since the start of the year continues to be challenging.
AstraZeneca to buy US-listed Fusion Phrama for $2bn
AstraZeneca said it had agreed to buy biopharmaceutical company Fusion Pharmaceuticals for up to $2bn.
Diageo names Sir John Manzoni as next chair
Diageo has announced that non-executive director and former Cabinet Office official Sir John Manzoni will step in as its new chair when Javier Ferrán retires from the head of the board next year.
Currys lifts annual profit guidance after bid battle
UK electrical retailer Currys lifted guidance as it reported stronger-than-expected sales since the busy Christmas period.
Faron shares jump on encouraging trial data
Faron Pharmaceuticals announced further encouraging data from the first phase of its ‘BEXMAB’ trial on Monday, targeting higher-risk (HR) myelodysplastic syndrome (MDS) patients who had failed prior hypomethylating agent (HMA) treatment.
Monzo in talks to sell stake to Singapore wealth fund - report
Digital bank Monzo is reportedly in talks to sell an additional stake to one of Singapore's sovereign wealth funds.
TruFin reports major milestone at subsidiary Playstack
TruFin updated the market on its UK-based games publishing subsidiary Playstack on Monday, reporting a significant milestone with its latest release, Balatro, surpassing one million unit sales.
Focusrite warns on FY profits amid 'challenging market conditions'
Audio products business Focusrite warned on Monday that full-year revenue and profits would be lower than consensus estimates as a result of "challenging market conditions" and continued weakness in Asia.
Chariot to review transitional power division
Chariot announced a strategic review of its transitional power division on Monday, in a move aimed at optimising its operations and maximising shareholder value.
Shuka Minerals resolves longstanding dispute with Upendo
Africa-focussed mine developer and operator Shuka Minerals said in an update on Monday that it had resolved a longstanding dispute with Upendo Group concerning its Rukwa coal mining asset.
Thruvision walk-through security system tested at SAN
Walk-through security technology company Thruvision announced the successful completion of operational test and evaluation for its ‘WalkTHRU’ system on Monday.
Phoenix Group to report one-off £70m provision in results - report
Phoenix Group slumped on Monday after The Times suggested it will report a one-off provision of £70m in its annual results on Friday to cover the cost of reducing customer charges.
Corcel reports positive findings from Canegrass lithium project
Battery metals explorer and producer Corcel updated the market on the findings of its initial exploration activities at the Canegrass lithium project in Western Australia on Monday.
Plexus swings to profit in robust first half
Oil and gas engineering service provider Plexus Holdings reported a surge in sales revenue in its interim results on Monday, to £5. 9m, compared to £0. 71m a year ago.
Logitech shares slide on surprise CFO departure
Swiss computer accessories giant Logitech surprised markets on Monday, announcing that chief financial officer Charles Boynton would depart in May, having served in the role for just over a year.
GSK unveils promising results from endometrial cancer trial
GSK unveiled promising outcomes from a phase three trial of ‘Jemperli’, or dostarlimab, in treating primary advanced or recurrent endometrial cancer on Monday.