News And Announcements
Food prices surge to fresh highs - BRC
Shop price inflation hit fresh highs last month, research published on Wednesday showed, as the cost of food soared.
Darktrace hits back after short seller takes stake
With its shares under pressure for the second day in a row, Darktrace hit back on Tuesday after Quintessential Capital Management reported a net short position in the cyber security firm and questioned the validity of its financial statements.
Admiral appoints Mike Rogers as new chair
Admiral said on Tuesday that it has appointed former LV= chief executive Mike Rogers as a non-executive director and chair.
Hochschild Mining Q4 output, FY production falls short of guidance
Silver and gold miner Hochschild Mining said on Tuesday that production levels rose in the three months ended 31 December but stated full-year production had fallen short of guidance.
BAT signals possible job cuts as operating units cut in restructure
British American Tobacco said it was cutting the number of business units it operates and restructuring its regional set up as part of a strategic review that could see job cuts.
Pets at Home lifts full-year profit guidance
Pets at Home lifted its full-year profit guidance on Tuesday as it hailed record third-quarter consumer revenues.
UniCredit shares surge on share buyback after record Q4
Shares in UniCredit surged on Tuesday after the Italian bank said it would return €5. 25bn to shareholders after posting a record quarterly profit.
Tesco buys Paperchase brand
Tesco confirmed on Tuesday that it has bought the brand and related intellectual property of collapsed high street stationer Paperchase.
Paperchase goes into administration
Stationery chain Paperchase collapsed into administration on Tuesday.
Tesco shake-up to affect 2,100 jobs
Tesco announced plans on Tuesday to shake-up management and close food and hot deli counters that will affect around 2,100 jobs.
Johnson Matthey inks long-term supply and development agreement with Plug Power
Johnson Matthey inked a long-term strategic partnership to supply Plug Power with the advanced materials necessary for its fuel cells and electrolysers from 2023.
Grocery inflation surges to 16.7%
Grocery inflation soared to a fresh record in January, industry data showed on Tuesday, adding nearly £800 to annual food bills.
Activist investor Kelso Group takes 0.4% stake in THG
Activist investor Kelso Group said on Tuesday that it has taken a stake in "undervalued" e-commerce company THG.
Tesco to snap up Paperchase brand - report
Supermarket chain Tesco is reportedly planning to snap up the Paperchase brand.
Wickes Q4 sales rise 11.5%, FY profit seen in line
Home improvement retailer Wickes said on Tuesday that full-year profit was set to be in line with market expectations as it reported "strong" trading in the fourth quarter.
ITM Power sees 1H operating loss widen sharply, announces strategy changes
ITM Power saw its operating losses bloat over the half as it continued to struggle in its transition from a research and development outfit and into a volume manufacturer at scale.
Diversified Energy FY production rises despite market volatility
Natural gas firm Diversified Energy said on Tuesday that annual production had grown in a year "marked by volatility" stemming from "significant geopolitical activities".
AG Barr sees FY profits slightly ahead of consensus expectations
Irn-Bru maker AG Barr said on Tuesday that it was set to deliver full-year profit "slightly ahead" of current market expectations following a strong second-half sales performance.
Synthomer sees lower rubber glove production into 2023; FY in line
UK chemicals company Synthomer it still expected low rubber product output levels to continue this year as tough economic conditions persisted into the final quarter of 2022.
China factory activity expands for first time in four months
China's economic activity expanded in January after four months of contraction as the economy reopened from strict zero-Covid curbs, according to data published on Tuesday.