News And Announcements
Bidstack taps Thomas Bullen as its new finance chief
Native in-game advertising technology specialist Bidstack announced the appointment of Thomas Bullen as its new chief financial officer on Wednesday.
Sondrel reports strong growth in first update since IPO
Fabless semiconductor specialist Sondrel reported revenue growth of 116% year-on-year in a trading update on Wednesday, with 2022 revenue totalling £17. 5m.
Clontarf proposes joint venture to test lithium extraction tech
UK-based oil and gas explorer Clontarf Energy announced a potential 50-50 joint venture with US-based technology company NEXT-ChemX (NCX) on Wednesday.
Bango inks deal with Japan's Benefit One platform
Commerce platform Bango announced a new deal with Japan employee benefits provider Benefit One on Wednesday.
LPA wins £5.2m rail industry supply contract
LED lighting, electronic and electro-mechanical system designer and manufacturer LPA Group announced a record orderbook of £34m on Wednesday, with the receipt of a £5. 3m order for the supply of electro-mechanical products to the UK rail industry.
Serinus wins arbitration case against ex-partner in Romania
Serinus Energy announced on Wednesday that the International Chamber of Commerce (ICC) had released the final merits award over Serinus Energy Romania’s arbitration case against its former partner in the Satu Mare concession, Oilfield Exploration Business Solutions (OEBS), and awarded in favour of Serinus.
Zephyr set to beat revenue forecasts for 2022
Rocky Mountains oil and gas company Zephyr Energy reported a positive fourth quarter and full-year update on hydrocarbon production and cash flows from its non-operated portfolio in the Williston Basin of North Dakota on Wednesday.
CAP-XX launches ultra-thin supercapacitor
CAP-XX announced the launch of the ‘DMV750’ ultra-thin 2. 2mm prismatic 3V supercapacitor on Wednesday, for internet-of-things (IoT), medical and other mission-critical electronic devices.
Mercantile Ports shares jump as it handles first Navi Mumbai container
Mercantile Ports & Logistics (MPL) announced the successful handling of the first container freight at its port and logistics facility in Navi Mumbai, Maharashtra, India on Wednesday.
Pan African production, earnings fall in half-year
Mid-tier gold producer Pan African Resources reported a fall in its first-half production of gold on Wednesday, to 92,307 ounces from 108,085 ounces year-on-year.
Barclays profits fall 14% on bad debt charges, over-issuance error
Barclays Bank said annual profits fell 14%, driven by poor performance at its investment unit, a rise in debt impairment provisions and the costs of a massive trading error in the US.
Flybe to be wound down after rescue talks fail
Reginal airline Flybe, which collapsed into administration last month, will be wound down after rescue talks failed.
MJ Hudson CEO resigns amid auditing issues
Asset management consultancy MJ Hudson said on Wednesday that chief executive officer Matthew Hudson has resigned with immediate effect.
Ascential to sell consumer trends unit - report
Ascential shares spiked higher on Wednesday following a report that the data and analytics company, which is undergoing a major restructuring, has hired JPMorgan Chase & Co. for a sale of its consumer trend-spotting business.
Jubilee Metals pleased with first half despite Zambia struggles
Jubilee Metals Group said in a first-half update on Wednesday that, despite infrastructural challenges in Zambia, its operational performance was broadly in line with management's expected earnings and revenue targets for the period.
Capricorn Energy abandons NewMed deal after shareholder opposition
Capricorn Energy said on Wednesday that it has abandoned a planned takeover by Israeli gas producer NewMed Energy following opposition from shareholders.
Babcock awarded £400m contract to operate MOD’s Skynet
Defence company Babcock International said on Wednesday that it has been awarded a £400m contract to manage and operate Skynet, the UK Ministry of Defence's (MOD) military satellite communications system.
Dunelm cites inflationary pressures as H1 profits fall
Homeware retailer Dunelm posted a drop in interim profits on Wednesday, pointing in part to inflationary pressures.
Hargreaves Lansdown posts big jump in 1H revenues and profits
Hargreaves Lansdown posted strong growth on both its top and bottom lines at the first half-year stage, despite the impact from "challenging" external conditions and low investor confidence on asset values and stockbroking volumes.
Glencore reports 'record profitability' amid volatile markets
Multinational mining giant Glencore reported a strong 2022 financial performance in its preliminary results on Wednesday, with adjusted EBITDA standing at $34. 1 billion, up 60% year-on-year.