Company News
Wednesday preview: US Treasury auction, Riksbank in focus
Investors' focus in the middle of the week will be on the latest US Treasury auction results, given concerns in some quarters regarding public debt dynamics in the world's largest economy.
Director dealings: Dunelm non-executive director makes share purchase
Dunelm revealed on Tuesday that non-executive director Ajay Kavan had acquired 2,471 shares in the FTSE 250-listed homewares retailer.
Asia Dragon shares surge on Ashoka merger proposal
Shares in the Abrdn-run Asia Dragon Trust spiked on Tuesday after the £35m Ashoka Whiteoak Emerging Markets made a merger approach for its much larger rival.
MTI Wireless Edge secures orders with Israeli customers
Technology group MTI Wireless Edge has received three orders totalling approximately $3. 0m, most of which will be supplied in the current financial year.
First-quarter losses surge at Spirit AeroSystems
Losses at Spirit AeroSystems Holdings soared in the first quarter, the Boeing supplier confirmed on Tuesday, as production slowed and inventory built up.
Disney's streaming arm posts maiden profit
The Walt Disney Company’s entertainment streaming arm swung to profit in the last quarter, the US giant confirmed on Tuesday, the first time since the 2019 launch of Disney+.
Carpetright axing more than 25% of head office staff - report
Carpet retailer Carpetright is reportedly axing more than 25% of its head office staff as it grapples with a protracted downturn in trading.
BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins
BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and “significantly weaker” fuels margins as it also started a $1. 75bn share buyback.
Abingdon Health acquires IVDeology in £0.7m deal
Lateral flow contract research, development and manufacturing provider Abingdon Health announced the acquisition of IVDeology and its subsidiaries on Tuesday, for up to £0. 7m.
Aferian extends maturity dates on bank facilities, shareholder loan
Video streaming specialist Aferian announced an extension of the maturity dates for its senior loan facilities and shareholder loan on Tuesday.
Seeing Machines reports strong third quarter
Shares in driver monitoring technology company Seeing Machines were rising on Tuesday, after it reported a strong set of performance indicators for its third quarter.
Nexxen launches $50m share buyback programme
Connected television advertising technology company Nexxen International announced the start of a new share repurchase programme of up to $50m on Tuesday.
Revolution Bars in talks with 32 potential buyers
Revolution Bars said on Tuesday that it is in talks with more than 30 potential suitors in the search for a buyer to rescue the business.
AdvT to acquire Celaton amid robust trading
Business software and solutions specialist AdvancedAdvT announced an agreement to acquire Celaton on Tuesday, in a deal valued at £5m net of cash acquired.
Totally flags solid full-year performance in challenging market
Healthcare services provider Totally said in an update on Tuesday that despite a challenging market environment, it had seen a solid performance in the financial year just ended thanks to the results of its strategic review.
Octopus Energy valuation tops £7bn - report
Octopus Energy has been valued at more than £7bn, it was reported on Tuesday, after two investors upped their stakes in the UK supplier.
SEEIT sells UU Solar portfolio for £90.8m
SDCL Energy Efficiency Income Trust (SEEIT) announced the sale of its UK onsite solar portfolio, UU Solar, to UK Power Networks Services on Tuesday, for £90. 8m.
Norcros subsidiary Triton Showers gets sustainable development award
Norcros announced on Tuesday that its electric shower specialist subsidiary Triton Showers has received the King's Award for Enterprise in the Sustainable Development category.
Kosmos Energy Q1 net production grows
US oil firm Kosmos Energy said on Tuesday that net production had grown in Q1 as it had "an active start to the year", continuing operational and financial momentum seen in 2023.
Zalando returns to growth, shares spark
Zalando reiterated its full-year outlook on Tuesday after the German online-only retailer posted an uptick in first-quarter volumes and swung back into the back.