News And Announcements
'Mystery suitor' interested in ITV, says Betaville
Broadcaster ITV is reportedly at the centre of a fresh round of takeover speculation, according to markets blog Betaville.
Deliveroo to axe 350 jobs
Food delivery company Deliveroo said on Thursday that it was planning to cut around 9% of its workforce, or 350 jobs, amid a slowdown in demand due to the cost-of-living crisis.
British American Tobacco posts jump in full-year sales led by New Category products
British American Tobacco posted a big increase in full-year sales and profits with the former driven by its New category products and foreign exchange tailwinds.
Redrow holds divi, scraps 2024 guidance: Sees better start to H2
UK house builder Redrow held its dividend as it reported a fall in interim profits and scrapped 2024 guidance, but noted that early indications for the rest of the year were better than expected.
Gfinity to raise £1.5m in placing, CEO to depart
Esports company Gfinity announced plans on Thursday to raise at least £1. 5m in an equity placing and subscription, and said that chief executive John Clarke will be stepping down.
Ofcom to probe inflation-busting price rises on phone, internet deals
Britain's telecoms regulator is starting a probe into inflation-busting price rises mid-contract for phone and broadband customers.
AstraZeneca FY core EPS in line; Aims for growth in 2023
Pharma giant AstraZeneca reported full-year earnings in line with expectations and said it expected 2023 core profits to increase by high-single to low-double digits.
Credit Suisse slumps heavily into the red
Credit Suisse Group posted its largest annual loss since the 2008 financial crisis on Thursday, and warned of further "substantial" losses to come.
Avon Protection receives US helmet order worth $6.7m
Avon Protection said on Thursday that it has received a second helmet delivery order from the US Defense Logistics Agency worth $6. 7m.
Watches of Switzerland slides as Q3 sales miss estimates
Watches of Switzerland reiterated its full-year guidance on Thursday as it posted a jump in third-quarter revenues amid solid demand, but shares in the retailer tumbled as results missed expectations.
Entain tumbles as MGM takeover speculation quashed
Shares in Ladbrokes owner Entain tumbled on Thursday after rumours of a possible takeover by MGM were quashed.
First Abu Dhabi Bank pressing ahead with offer for StanChart - report
Standard Chartered surged on Thursday following a report that First Abu Dhabi Bank is pressing ahead with a potential offer for the bank.
LXi Reit sees 'robust' third quarter
LXi Reit said on Thursday that third-quarter trading had been robust, despite the weakening economic backdrop.
Darktrace closes largest deal to date with critical infrastructure organisation
Cybersecurity firm Darktrace has closed its largest deal to date with a critical infrastructure organisation as part of an effort to get ahead of state-sponsored attacks and support digital transformation.
Bellway delivers 'robust' H1 performance
Property developer Bellway said on Thursday that it has delivered a "robust first half performance", with record completions of 5,695 homes and a 1. 6% increase in average selling prices to £316,900.
Diversified Energy raises $163m to fund acquisition of US upstream assets
Diversified Energy said on Thursday that it raised around $163m (£134. 9m) in a placing to help fund the acquisition of upstream assets and related infrastructure in its Central Region from Tanos for $250m.
Higher prices help boost sales at Unilever
Unilever reported better-than-expected sales growth on Thursday, boosted by higher prices.
Compass organic revenues grow in Q1
Foodservice company Compass Group said on Thursday that organic revenues had grown 24% in the first quarter and stated it was "excited" about the "significant growth potential" across its markets.