Company News
Tui mulls listing move to Germany from UK; Sees 25% profit jump
Travel giant Tui said it would ask shareholders to approve a move of its stock market listing to Frankfurt from London as it also forecast a 25% rise in operating profit this year after 2023 earnings more than doubled on the back of strong demand.
IQGeo wins contract with major US utility
Geospatial software specialist IQGeo announced on Wednesday that a significant tier-one multi-service utility in the United States had chosen its software to enhance field workflows within its electric and gas operations.
Power Metal preparing to drill test Molopo Farms target
Power Metal Resources updated the market on its Molopo Farms Complex Project in southwestern Botswana on Wednesday, where it was aiming to make significant discoveries of nickel and platinum group elements (PGE) on a district scale.
Paragon Banking shares jump on profit beat, share buyback
Shares in Paragon Banking surged on Wednesday after the company delivered a 25% jump in annual profits and announced another £50m share buyback following a stronger-than-expected full-year performance.
Quadrise upbeat on recent bioMSAR fuel testing
Alternative fuels developer Quadrise announced the successful completion of its bioMSAR fuel testing in November on Wednesday.
G7 agrees to ban Russian diamonds - report
The G7 group of wealthy nations has agreed to ban imports of Russian diamonds, it was reported on Wednesday.
Pollen Street AuM continues to grow in Q3
Asset manager Pollen Street said on Wednesday that assets under management continued to grow in the three months ended 30 September.
Coventry Building Society in talks to take over Co-op Bank
Coventry Building Society, one of Britain’s largest building societies, is looking at a takeover of the Co-operative Bank, it was reported on Wednesday.
Mirriad Advertising reports solid US supply-side momentum
In-content advertising technology company Mirriad announced significant supply-side momentum in the US and Latin America in an update on Wednesday.
M&S and Morrisons criticised over 'unlawful' land deals
Marks & Spencer and Wm Morrison Supermarkets used unlawful land deals to block rivals, the competition watchdog ruled on Wednesday.
System1 swings to profit in solid first-half
Marketing platform operator System1 Group reported first-half revenue of £13. 3m on Wednesday, up 27% year-on-year.
Thursday preview: China trade figures, Balfour Beatty in the spotlight
Financial markets' focus on Thursday will shift to Asia.
Scirocco to receive £108k in latest tranche of Corallian payments
Scirocco Energy updated the market on its investment in Corallian Energy on Wednesday, following an announcement from Reabold Resources of the upcoming distribution of the next payment tranche from Shell UK for the sale of Corallian.
Ilika solid-state battery tech reaches lithium-ion density parity
Solid-state battery technology developer Ilika announced the achievement of its 2023 intermediate technology development target on Wednesday.
Ariana Resources releases fresh Salinbas drilling results
Minerals explorer and developer Ariana Resources released a new set of results from the Hizarliyayla area of the Salinbas Project on Wednesday.
Redde Northgate boosts full-year outlook, shares spark
Redde Northgate boosted its full-year outlook on Wednesday, following a solid first half.
US PE firm Trive Capital to buy Ten Entertainment for £287m
Bowling operator Ten Entertainment said on Wednesday that it has agreed to be bought by US private equity firm Trive Capital Partners for £287m.
Baltic Classifieds H1 revenues grow
Online classifieds business Baltic Classifieds said on Wednesday that it has continued to build on the momentum seen in the previous trading year, with both interim revenue and underlying earnings growing.
Yellow Cake swings to profit as uranium holdings grow
Uranium investor Yellow Cake reported physical uranium holdings of 20. 16 million pounds in its interim report on Wednesday, up from 18. 81 million pounds.
Serica maintains production guidance after summer shutdowns
Serica Energy reported an average recent production of over 52,000 barrels of oil equivalent per day on Wednesday.