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Altona Rare Earths to acquire majority stake in Chambe rare earth project via new JV
Mining firm Altona Rare Earths has agreed to acquire an initial 51% stake in Malawi's Chambe rare earth project as part of a joint venture with Akatswiri Mineral Resources.
London open: Stocks fall amid concerns about China's Evergrande
London stocks fell in early trade on Thursday amid concerns about Chinese property group Evergrande, after it failed to complete a $2. 6bn asset sale.
Spectris order book and sales grow in Q3
Instrumentation company Spectris said on Thursday that it had put on a "solid" third-quarter trading performance, underpinning its full-year guidance and providing momentum into 2022.
Moonpig shares slump after placing
Online greeting cards retailer Moonpig slumped on Thursday after shareholders placed 30m shares, or a stake of around 8. 8%, in the company.
Provident Financial eyes dividend as trading improves
Provident Financial said it was considering paying out 30% of profit as dividends if economic conditions continue to improve.
AJ Bell assets under management rise as customer numbers grow
Investment platform AJ Bell posted a jump in full-year assets under administration on Thursday as customer numbers grew.
Babcock revenues rise as Frazer-Nash sale completed
British defence company Babcock International maintained annual guidance as it reported a rise in first half revenues.
London pre-open: Stocks seen lower amid concerns about Evergrande
London stocks were set to fall at the open on Thursday amid concerns about Chinese property group Evergrande.
Diamonds and iron ore lead production uplifts at Anglo American
Anglo American reported a 28% improvement in rough diamond production in the third quarter on Thursday, primarily from the Jwaneng and Venetia mines, which the board said reflected planned higher production in response to the ongoing recovery in consumer demand, led by the key United States and China markets.
Renishaw Q1 pre-tax profits surge on improved revenues
Engineering company Renishaw said on Thursday that group revenues and profits had grown in the first quarter of its current trading year thanks to improving global macroeconomic conditions over the last twelve months.
Vivo Energy to exceed previous forecasts as it opens more sites
Africa-focussed fuel and lubricant retailer Vivo Energy reported a 4% improvement in gross cash profit year-on-year for its third quarter on Thursday, to $195m (£141. 37m), as strong site openings saw it raise its forecasts.
Strong US market underpins first quarter growth for Dechra
Dechra Pharmaceuticals described trading in the first quarter of its financial year as “strong” in an update on Thursday.
UK public borrowing halves in first six months of fiscal year
UK public borrowing fell by almost half in the first six months of the financial year as it continued to recover from the impact of the Covid-19 pandemic, according to official data released on Thursday.
St. James's Place lifts expectations after record third quarter
St. James’s Place reported funds under management of £148. 06bn as at 30 September on Thursday, up from £118. 7bn year-on-year, making for a record third quarter close, as it lifted its expectations for the full year.
Rentokil revenue rises but disinfection sales plunge
Rentokil Initial's revenue rose in the third quarter as sales of pest control and non-disinfection hygiene services offset a sharp decline in disinfection sales.
Victrex bolsters green credentials as it joins SBTi
Victrex announced a commitment to the green-focussed ‘Science Based Target initiative’ (SBTi) on Thursday, which it said was in addition to its 2030 ‘carbon net zero’ goal.
Lancashire expecting losses from Hurricane Ida, storms of up to $185m
Lancashire announced on Thursday that it has exposures to a number of recent natural catastrophe events, including hurricane Ida and the European storms Bernd, Volker and Xero.
FirstGroup fully exits North America with $172m Greyhound sale
FirstGroup announced the sale of Greyhound Lines to a wholly-owned subsidiary of FlixMobility on Thursday, completing its stated strategy to focus on its UK public transport businesses.
China Evergrande shares slump as $2.6bn asset sale collapses
Shares in real estate developer China Evergrande slumped in Hong Kong after the company said a potential sale of its property services unit had collapsed.
Relx revenue, earnings growth 'above historical trends'
Business information and analytics provider Relx reported underlying revenue growth of 6% in the first nine months of 2021 on Thursday, adding that it expected full-year underlying growth rates in revenue and adjusted operating profit, as well as constant currency growth in adjusted earnings per share, to be above historical trends.