Latest News
Kromek awarded seven-year supply deal by US-based OEM
Medical, security and nuclear detection technology company Kromek has been awarded a seven-year supply agreement by a US-based, “sector-leading” industrial original equipment manufacturer (OEM), with a global customer base.
Numis says pausing for breath on Softcat, downgrafes to 'hold'
Analysts at Numis downgraded their recommendation for shares of Softcat from 'add' to 'hold' after the IT infrastructure provider delivered what they termed an in-line set of full-year results.
UK inflation expectations hit highest level since 2008
Household expectations for inflation over the next year hit their highest level in October since the 2008 financial crisis, a survey by Citigroup and YouGov showed on Tuesday.
Eli Lilly misses Q3 estimates, but sales top expectations
Eli Lilly missed analysts' forecasts for its third quarter earnings despite better-than-expected top-line growth.
UPS beats expectations with Q3 earnings
Courier United Parcel Service beat analysts' expectations for the third quarter of its trading year thanks to it charging customers higher rates throughout the period.
ReNeuron enters cancer therapy collaboration with UCL
Cell-based therapeutic specialist ReNeuron has entered a collaboration agreement with University College London (UCL), it announced on Tuesday, to conduct research into the generation of immune cells from induced pluripotent stem cells (iPSCs), for anti-cancer cell therapies.
Canaccord Genuity lowers target price on Hummingbird Resources
Analysts at Canaccord Genuity cut their target price on mining firm Hummingbird Resources from 35. 0p to 25. 0p on Tuesday, stating now was the time for the firm to regain the market's confidence.
Schroders buys River & Mercantile solutions arm for £230m
Schroders has agreed to buy the solutions division of River & Mercantile for £230m to expand its services for pension fund clients.
Credit Suisse reiterates ‘underperform’ on Ocado, cuts price target
Credit Suisse reiterated its ‘underperform’ rating on shares of online supermarket Ocado on Tuesday and cut the price target to 1,500p from 1,550p as it said there was "little room for new optimism".
Berenberg says 'buy' Segro, Tritax EBox in sector note
Segro, Tritax EBox, Warehouse REIT and Industrials REIT will be the biggest gainers from rising demand for industrial and logistics real estate, Berenberg said as it launched coverage of the subsector.
SmartSpace recurring revenues improve as losses widen slightly
Workspace management software company SmartSpace reported an 8. 8% improvement in total group revenues in its first half on Tuesday, to £2. 52m.
Empresaria expects continued profit growth
Staffing group Empresaria said on Tuesday that it was now forecasting a continued growth in profit thanks to a strong contribution from its offshore recruitment services unit.
Agronomics puts in another EUR 3m in Solar Foods funding round
Cellular agriculture investor Agronomics has participated in the €6m bridge round for investee company Solar Foods for €3m, it announced on Tuesday, in the form of a convertible loan note.
Angus Energy 'validated' by updated Saltfleetby report
Angus Energy reported on the updated competent persons report (CPR) for the Saltfleetby Gas Field on Tuesday, which reflects higher revenues expected from the field.
Cobre sales remain muted as Strategic Minerals works on future
Strategic Minerals updated the market on its cash position and ore sales at the Cobre magnetite operation in New Mexico for the September quarter on Tuesday, reporting that annual sales totalled $2. 87m for the 12 months ended 30 September.
Ikea set to take over former Oxford Street Topshop
Assemble-at-home furniture giant Ikea is setting up shop in the heart of the West End, buying the flagship site of failed high street fashion stalwart Topshop on Oxford Street.
3M narrows FY earnings guidance on supply chain issues
Post-It maker 3M posted a jump in third-quarter sales on Tuesday but downgraded its earnings guidance for the year to reflect global supply chain disruptions.
US pre-open: Futures in the green following Facebook earnings
Wall Street futures were pointing to a positive open ahead of the bell on Tuesday after the Dow Jones registered yet another record close in the previous session.
GE beats market forecasts on Q3 earnings, revenue misses
General Electric beat Wall Street expectations on third quarter earnings on Tuesday, as its jet engine operations continued to bounce back from their Covid-19 valleys.
Petrofac announces $275m capital raise to pay bribery fine
Oilfield services provider Petrofac announced a $275m (£199. 6m) placing and open offer on Tuesday, the proceeds of which will be used to reduce debt and pay a £77m fine relating to bribery offences in the Middle East.