Company News
UK house prices rise as supply dwindles - RICS
UK house price growth accelerated in April because of a shortage of homes in a market boosted by the response to the Covid-19 crisis, a survey showed on Thursday.
Thursday preview: US Producer prices, Rolls Royce in focus
Investors' focus on the US will continue to be trained on the US, where factory gate price data for April are due out.
Eden Research signs exclusive deal with Corteva Agriscience
Crop protection, animal health and consumer products bio-control technology company Eden Research announced the signing of an exclusive commercialisation, supply and distribution agreement with Corteva Agriscience on Wednesday, for its first seed treatment product.
Xeros partner launches washing machine with its technology
Clothing and fabrics sustainability and economics technology company Xeros Technology Group announced on Wednesday that its licence partner in China, Jiangsu SeaLion Machinery Company, had launched its ‘Hydrology’ brand, comprising a range of commercial washing machines incorporating its ‘XOrb’ and ‘XDrum’ technologies.
President pleased with waterflooding at Puesto Flores
Exploration and production company President Energy updated the market on its activities in the Rio Negro province in Argentina on Wednesday, reporting that the pilot waterflooding project in the Puesto Flores field was showing “concrete signs of success”.
Business leaders call on G7 to 'seize the moment'
Business organisations from some of the world’s richest economies have called on G7 leaders to collaborate closely as they rebuild the global economy post Covid-19 and tackle the "seismic" challenges that lie ahead.
VR Education rises on HTC product announcement
Virtual reality (VR) technology company VR Education updated the market on its partnership with HTC, which is a Taiwan-based consumer electronics company that specialises in VR technology, and holds a 20% stake in VR Education.
EU court rules in favour of Amazon over €250m tax bill
Amazon does not have to pay Luxembourg €250m in back taxes, the General Court of the European Union has ruled, overturning an earlier order made by the European Commission.
Savills shareholders rebel on bosses' pay
More than a fifth of shareholder votes opposed Savills' pay report after the the property services group awarded bonuses to executives despite missing targets for 2020.
Mears returns to profit in second half
Mears Group said it returned to profit in the second half of 2020 and that its trading was resilient in the first quarter of 2021.
UDG Healthcare to be taken over by US PE firm in £2.6bn deal
UDG Healthcare said on Wednesday that it has agreed to be bought by private equity firm Clayton, Dubilier & Rice in a £2. 6bn deal, as it reported a "strong" first half.
Savills' trading 'comfortably' better in 2021
Savills said trading so far in 2021 was better than expected and comfortably ahead of a year earlier, helped by the booming UK housing market.
Marston's names Andrew Andrea chief executive
Pub group Marston’s has promoted its current finance director to the role of chief executive.
Vertu reports forecast-beating FY numbers, reinstates guidance
Car dealership Vertu Motors reported above-forecast final results on Wednesday, and predicted a strong 2022 following a bumper start to the year.
Metal Tiger subscribes for five million new shares in Artemis
Natural resources investor Metal Tiger has subscribed for five million new ordinary shares in Artemis Resources, it announced on Wednesday, at an issue price of 10 Australian cents per share, for a total consideration of AUD 0. 5m (£0. 28m).
Powerhouse enters loan agreement with Protos special purpose vehicle
Waste plastic-to-hydrogen technology company Powerhouse Energy has agreed to enter into a loan agreement to provide up to £3. 8m to ‘Protos Plastics to Hydrogen No. 1 Limited, the Peel NRE special purpose vehicle, it announced on Wednesday.
Momentum continues into new year for Uniphar
Healthcare services company Uniphar updated the market on its trading on Wednesday, having outperformed expectations in its final results for 2020.
National Express sees higher revenues as passengers return
Increased passenger numbers helped bus operator National Express report better trading across all its markets last month as Covid lockdown restrictions eased.
Greatland announces start of underground decline at Havieron
Precious and base metals exploration and development company Greatland Gold announced the start of the underground decline at the Havieron Gold-Copper Project on Wednesday.
Chesnara hires Royal London's Steve Murray as new CEO
Chesnara has hired Steve Murray from Royal London to replace John Deane who is retiring after six years in charge of the life and pensions company.