News And Announcements
Nvidia preparing to abandon Arm deal - report
US tech company Nvidia was said on Tuesday to be preparing to abandon its purchase of chip maker Arm from Softbank after making little to no progress in winning approval for the $40bn deal.
Sopheon set for strong full-year revenue growth
Enterprise management software and service provider Sopheon said in a trading update on Tuesday that revenue for 2021 would exceed $34m, up from $30m in 2020.
Eleco ends 2021 with revenue above expectations
Construction software company Eleco said in a trading update on Tuesday that its unaudited revenue for 2021 was expected to be £27. 3m, an increase of 8% year-on-year, and above market expectations.
Fourth-quarter earnings dip at General Electric
General Electric saw earnings dip in the fourth quarter, the industrial giant reported on Tuesday, sending its shares sharply lower as trading got under way.
Prices set to jump as factories battle surging costs - CBI
UK manufacturers are poised to ramp up prices as they battle rising costs and labour shortages, a closely-watched survey showed on Tuesday.
N4 Pharma outlines work plan after 'encouraging' data
Specialist treatment and vaccine delivery system developer N4 Pharma updated the market on its work plan on Tuesday, following “encouraging data” from its oncology research as announced on 13 December.
Fonix earnings grow faster than forecast in first half
Mobile payments and messaging provider Fonix Mobile said in a trading update on Tuesday that gross profit and adjusted EBITDA in the first half had grown ahead of management expectations.
AssetCo to buy River and Mercantile in £98.8m deal
Acquisitions vehicle AssetCo has agreed to buy asset management firm River and Mercantile in an all-share £98. 8m deal.
Trinity Exploration reports 'good progress' on initiatives
Trinidad and Tobago-focussed energy company Trinity Exploration & Production said in an update on Tuesday that it made “good progress” on some of its initiatives in the fourth quarter, as it maintained production levels and continued its “strong” operating cash generation.
Pebble Beach flags forecast-beating set of results
Broadcast and streaming software company Pebble Beach Systems said in a trading update on Tuesday that it was anticipating 2021 results ahead of market expectations, with revenue set to rise 26% year-on-year to £10. 6m, and adjusted EBITDA ahead 19% at £3. 2m.
Mechanical issues see Thor completing only half of planned drilling
Thor Mining updated the market on drilling at its wholly-owned Ragged Range Project in the Eastern Pilbara of Western Australia on Tuesday, reporting that following “mechanical issues”, only 50% of the planned maiden reverse circulation drilling programme was complete at the Sterling prospect.
RBC Capital ups rating on THG to 'outperform'
RBC Capital Markets upgraded THG on Tuesday, arguing that it saw "fundamental value" in the shares.
Atlantic Lithium reports positive infill drilling results
Africa-focussed exploration and development company Atlantic Lithium announced further high-grade infill drilling results at the Ewoyaa Lithium Project in Ghana on Tuesday.
Falcon upbeat on planned work in Beetaloo Sub-Basin
Falcon Oil & Gas detailed its stage three work programme in the Beetaloo Sub-Basin of Australia’s Northern Territory on Tuesday, with its joint venture partner Origin Energy B2 - a wholly-owned subsidiary of Origin Energy.
Logitech ups full-year guidance, shares rally
Shares in Logitech International sparked on Tuesday, after the computer accessories specialist increased its full-year forecasts.
German business sentiment improves in January - Ifo
German business sentiment unexpectedly improved in January, according to a survey released on Tuesday by the Ifo Institute.
Unilever to lay off 1,500 managers and reorganise two units
The entry of activist investor Nelson Peltz's hedge fund into Unilever's shareholder register has goaded the company into its largest job cuts under its current boss and the reorganisation of several units.
Credit Suisse warns on profits
Credit Suisse warned on profits on Tuesday, after the embattled Swiss bank saw trading revenues slow and was forced to put aside more than £400m to cover litigation costs.
EKF ends year ahead of already-upgraded expectations
Point-of-care, central laboratory device and chemistry reagent company EKF Diagnostics said on Tuesday that continued strong trading would result in its performance for 2021, including adjusted EBITDA, ahead of already-upgraded market expectations.
TinyBuild ends year on high after 'solid' second half
Video games label tinyBuild said in a trading update on Tuesday that, after a “solid” second half of trading, it was on track to deliver strong growth for 2021, building on its record 2020.