Latest News
Perrigo to buy HRA Pharma in $2.1bn deal
Perrigo has agreed to buy HRA Pharma, a global consumer self-care company, from funds affiliated with private equity firm Astorg and Goldman Sachs Asset Management in a $2. 1bn deal.
Sanofi to buy biopharmaceutical group Kadmon in $1.9bn deal
Sanofi has agreed to buy Kadmon in a $1. 9bn deal, sending shares in the biopharmaceutical company surging.
CMA clears Viagogo-Stubhub deal after buyer found for international arm
Viagogo has received the full and final go-ahead for its $4bn acquisition of Stubhub, it emerged on Wednesday, after it found a buyer for its international business.
S4 Capital buys LA marketing agency Cashmere
Martin Sorrell’s S4 Capital has announced the merger of its Media. Monks content business with Los Angeles-based marketing agency Cashmere.
Gfinity acquires Rainbow Six Siege statistics platform
E-sports and gaming company Gfinity announced the acquisition of the trade and assets of SiegeGG Corporation on Wednesday, which operates a “leading website” for statistics, analysis and news around the Rainbow Six Siege video game.
Ten Lifestyle pleased with earnings performance as revenue slides
Technology-focussed concierge platform Ten Lifestyle Group said in an update on Wednesday that it was expecting to report net revenue for the year just ended in line with market expectations at £34. 8m, and below the £44. 2m it recorded a year ago, due to the adverse effects of the Covid-19 pandemic.
PayPal to buy Japan's Paidy in $2.7bn deal
PayPal has agreed to buy Japanese ‘buy now pay later’ provider Paidy for 300bn yen, or around $2. 7bn, mostly in cash.
Ixico awarded phase 1 clinical trial contract
Neuroscience artificial intelligence (AI) company Ixico has been awarded a contract by a new biopharmaceutical client to support its phase 1 multiple system atrophy clinical trial, it announced on Wednesday.
Solid State performing strongly as sectors rebound from pandemic
Computing, power and communications components supplier Solid State said the positive start to its year had continued on Wednesday, describing its order book as “strong”, with an “encouraging balance” across industry sectors and regions.
London midday: Stocks stay down but Dunelm, B&M buck trend
London stocks were still in the red by midday on Wednesday, although retailers Dunelm and B&M bucked the trend after well-received updates.
Europe midday: ECB jitters hit stocks, but B&M European in favour
European stocks were still lower on Wednesday following losses overnight in Asia and the US and nerves ahead of a European Central Bank meeting on Thursday which .
Jadestone extends due date amid ongoing delays in Maari deal
Asia-Pacific-focussed oil and gas production company Jadestone Energy updated the market on the planned completion of its acquisition of a 69% operated interest in the Maari asset, in shallow water offshore New Zealand, on Wednesday.
Frontier Developments reports record revenue, operating profit
Video games company Frontier Developments reported record full-year revenue of £90. 7m in its results on Wednesday, up from £76. 1m year-on-year, which it put down to “substantial contributions” from all four of its existing game franchises, together with first revenues from its third-party publishing label Frontier Foundry.
Inspecs reports good recovery in first half despite Covid disruption
Eyewear and lens designer and manufacturer Inspecs reported first half revenue of $125. 7m on Wednesday, up from $16. 7m year-on-year.
Pan African expecting decent rise in full-year earnings
Pan African Resources updated the market on the financial year ended 30 June on Wednesday, saying it was expecting headline earnings per share of between 3. 76 and 4. 1 US cents per share, compared to 2. 29 cents per share in the prior year.
Asia report: Markets mixed as Japan economic growth beats forecasts
Markets in Asia closed in a mixed state on Wednesday, as fresh data on Japan’s economy showed it growing by more than expected in the June quarter.
Bakkavor restarts dividend as revenue tops pre-Covid levels
Food supplier Bakkavor Group reported a 4% rise in group revenue in its first half on Wednesday, to £915. 7m, with like-for-like revenue rising 6. 4% year-on-year to £924. 9m, which was 1. 2% ahead of the same part of 2019.
Barclays lifts price target on M&S after 'encouraging' update
Barclays lifted its price target on Marks & Spencer to 215p from 210p on Wednesday as it said the retailer’s recent trading statement was encouraging.
B&M Value Retail shares up as interim forecasts upgraded
Shares in B&M European Value Retail rose on Wednesday after the company said it expected interim core earnings to be ahead of analysts’ forecasts on the back of stronger gross margins.
Halfords backs FY profit expectations but warns over supply chain disruption
Halfords backed its full-year profit expectations on Wednesday as it reported a jump in revenues, but warned that supply chain disruption was affecting its bicycles business.