Company News
Chancellor must address gaps in financial support - report
The government must do more to support workers who have fallen through the gaps during the Covid-19 pandemic, a Parliamentary committee has warned.
GSK Covid-19 monoclonal treatment shows potential benefit for older patients
A phase two clinical study on GlaxoSmithKline's monoclonal antibody treatment against Covid-19 revealed a "potentially important" benefit in reducing respiratory failure in patients aged 70 or older.
KAZ Minerals posts rise in full-year sales on the back of higher commodity prices
KAZ Minerals reported modest full-year topline growth on the back of higher commodity prices, which more than offset lower output and sales volumes.
Great Western Mining reports solid progress across its projects
United States-focussed mineral exploration and development company Great Western Mining updated the market on its operations on Thursday, noting that it had staked new claims at the Olympic gold project.
Coinbase files for direct listing on Nasdaq
San Francisco-based digital currency exchange Coinbase has filed to list directly on the Nasdaq.
Agronomics puts another $0.5m in cultivated leather firm VitroLabs
Cellular agriculture and alternative meat investor Agronomics has invested a further $0. 5m (£0. 35m) in VitroLabs, it announced on Thursday, which is a cellular agriculture company creating slaughter-free, environmentally friendly cultivated leather.
Gear4music raises earnings expectations amid strong trading
Online musical instruments and equipment retailer Gear4music updated the market on Thursday, reporting that group trading performance in the 2021 calendar year to date had continued strongly.
Merck to buy Pandion Therapeutics for $1.85bn
Merck has agreed to buy clinical-stage biotechnology company Pandion Therapeutics for $1. 85bn.
Genus reports strong interim results
Animal genetics company Genus reported a record adjusted profit before tax in its interim results on Thursday, as revenue in its porcine genetics business ‘PIC’ rose 8%.
Horizonte awarded licence for Araguaia power line
Brazil-focussed nickel company Horizonte Minerals has been awarded the construction licence package for the development of the power line on its wholly-owned Araguaia Ferronickel Project, it announced on Thursday.
DS Smith shares soar as Mondi reportedly mulls bid
Shares in UK paper and packaging firm DS Smith spiked on Thursday on reports rival group Mondi is considering a bid in what would be one of the largest British deals this year.
Aston Martin sees 'first steps' to profits as annual losses widen
Luxury carmaker Aston Martin Lagonda said it would take the “first steps towards profitability" this year after reporting wider annual losses as sales slumped due to the Covid-19 pandemic.
Trakm8 wins long-term contract, warns of 'modest' loss
Telematics and data company Trakm8 has been awarded a long-term contract to deploy more than 1,000 ‘RH600’ integrated telematics and camera systems to the Parts Alliance Group, it announced on Thursday.
Digitalbox trading well after integration of The Tab
Mobile-focussed digital media company Digitalbox updated the market on its trading on Thursday, confirming that the revenues and profits in the second half of 2020 were stronger than the first half.
Ilika reports progress on Stereax manufacturing plans
Solid-state battery technology company Ilika updated the market on the implementation of its ‘Stereax’ manufacturing plans on Thursday.
Clipper Logistics upgrades expectations after contract wins
Clipper Logistics said on Thursday that it expects results to exceed current market views in the year to 30 April 2022 and beyond following "major" new contract wins with River Island and Mountain Warehouse.
Asda looks to cut jobs and boost online offering
Asda is to axe 3,000 positions as its new owners look to overhaul the supermarket chain and boost its online offering.
DotDigital trading in line after solid first half
Marketing and customer engagement software-as-a-service provider DotDigital reported a 22% improvement in its interim revenue from continuing operations on Thursday, to £28. 2m.
Standard Chartered FY slumps 57% as dividends reinstated
Standard Chartered said annual profits more than halved on bad loan impairments due to the coronavirus pandemic, as it resumed dividend payments and announced a share buyback.
St.James's Place posts decline in full-year net inflows, but normal dividends resumed
St. James's Place posted lower results for the recently-ended full-year as the net inflow of funds slowed in the wake of the Covid-19 pandemic.