News And Announcements
Funeral services provider Dignity said on Tuesday that underlying pre-tax profits had slipped in the six months ended 25 June despite posting broadly flat underlying revenues year-on-year.
Anglo-French DIY group Kingfisher lifted second-half sales guidance as it reported a surge in interim profits and announced a £300m share buyback as the home improvement boom continued.
Ladbrokes owner Entain confirmed on Tuesday that it has received a takeover proposal from DraftKings, made up of a stock and cash offer.
Africa-focussed oil and gas company Tower Resources announced on Tuesday that the documentation of its farm-out of a 49% non-operating working interest in its Thali Production Sharing Contract (PSC) in Cameroon to Beluga Energy, conducted through its wholly-owned subsidiary Tower Resources Cameroon, was now finalised.
Namibia-focussed tin mining company AfriTin has entered into a conditional, credit-approved lending facility with Standard Bank Namibia to fund the expansion of the first phase processing plant at the Uis mine, it announced on Tuesday.
Botswana Diamonds said on Tuesday that it has successfully completed its nine-hole drilling programme on the Thorny River property in South Africa.
Onshore UK-focussed exploration and production company Egdon Resources updated the market on its operations on Tuesday, with initial production from Wressle-1 surpassing expectation at 884 barrels of oil and 480,000 cubic feet of gas per day, on a restricted choke with no formation water seen.
Meggitt shareholders agreed for the company to be taken over by Parker-Hannifin, it was confirmed on Tuesday, after a majority of shareholders voted in favour of the US defence giant’s takeover offer.
UBS initiated coverage of Softcat with a ‘sell’ rating and 1,860p price target on Tuesday and upgraded Computacenter to ‘buy’ from ‘neutral’, hiking the price target to 3,290p from 2,520p.
Automotive fluid technology company TI Fluid Systems announced three executive-level appointments on Tuesday, with Hans Dieltjens assuming the role of president and chief executive officer on 1 October.
Revolut will offer commission-free stock trading to US customers for the first time to compete with Robinhood and Square in the fast-growing world of retail share dealing.
Cybersecurity firm Avast said on Tuesday that Philip Marshall is stepping down as chief financial officer and as a director due to personal reasons.
Japan’s Mitsubishi UFJ Financial Group has agreed to sell the retail banking division of its US regional bank MUFG Union Bank to US Bancorp in a cash and shares deal worth around $8bn.
Uber said it was on track for its first profitable quarter after burning through billions of dollars for more than a decade.
Universal Music Group’s shares have surged after the world’s biggest label debuted on Euronext in Amsterdam.
Japanese conglomerate Softbank is leading a $680m investment in French fantasy football start-up Sorare.
Real Good Food said it would scrap its AIM listing to save money as the cake decoration company reported an annual loss of almost £3. 5m.
Digital education and talent management service provider Learning Technologies reported a 29% improvement in revenue in its first half on Tuesday, to £82. 6m, including first-time contributions from Reflektive, PDT Global and Bridge.
Royal Dutch Shell is to exit the Permian Basin after striking a $9. 5bn deal with US major ConocoPhillips.
UK manufacturing orders rose to their highest for at least 44 years in September but factories struggled to meet demand because of supply problems, a survey showed.