Company News
Wednesday preview: Federal Reserve, Haleon in focus
Investors' focus in the middle of the week will be on the U. S. central bank.
Asian markets drive Q1 revenue growth at Carlsberg
Danish brewing giant Carlsberg on Tuesday announced a DKK1. 0bn (£110m) share buyback after a solid start to 2024 with strong growth in Asia and Central and Eastern Europe.
OptiBiotix Health inks manufacturing deal with KAG Industries
Life sciences company OptiBiotix Health announced on Tuesday that its its Indian subsidiary, OptiBiotix Health India (OHI), has entered into a manufacturing agreement with KAG Industries for the supply of ‘Slimbiome’ products tailored for the Indian market.
Poolbeg agrees 12-month option over potential Behcet's treatment
Poolbeg Pharma announced an exclusive 12-month option agreement with Silk Road Therapeutics on Tuesday, to potentially acquire a novel topical muco-adherent formulation of Pentoxifylline (tPTX).
Eli Lilly hikes sales guidance by $2bn, shares jump
Shares in Eli Lilly jumped on Wall Street on Tuesday after the American pharma giant beat quarterly profit forecasts and hiked its full-year sales guidance by $2bn, helped by surging demand for its weight-loss drug Zepbound.
Faron Pharmaceuticals extends funding agreement with IPF
Faron Pharmaceuticals announced on Tuesday that it has extended its agreement with lender IPF to ensure continued financial support as it progressed towards securing longer-term funding.
Director dealings: Tracsis non-executive director makes share purchase
Tracsis revealed on Tuesday that non-executive director Ross Paterson acquired 4,814 ordinary shares in the AIM-listed software technology firm.
Telegraph and Spectator put up for sale again
The Telegraph and The Spectator are to be put up for sale again after Abu Dhabi-backed suitor RedBird IMI walked away, it was confirmed on Tuesday.
United Oil signs new consultancy deal with Iman Hill
Jamaica and UK-focussed energy company United Oil & Gas announced a new consultancy arrangement with its non-executive director Iman Hill on Tuesday, to support the advancement of its Jamaican project.
Kodal amends agreement with Suay Chin International
Kodal Minerals announced an amendment to its agreement with Suay Chin International on Tuesday, terminating the right of first refusal over 80% of the spodumene product from the Bougouni Lithium Project in Southern Mali.
First-quarter earnings fizz at Coca-Cola
The Coca-Cola Company lifted its annual sales forecast on Tuesday, after first-quarter numbers at the US giant topped expectations.
Pebble Group maintains consistent trading in year to date
Promotional products commerce and services specialist the Pebble Group said in a trading update on Tuesday that in the year to date, it had maintained a financial performance consistent with the same period in 2023.
Webis launches new WatchandWager web property
Webis, a company specialising in pool wagering and the operator of WatchandWager Cal Expo, the Californian harness track, announced the successful launch of its new website for its advanced deposit wagering (ADW) business WatchandWager. com on Tuesday.
Northamber acquires Basingstoke-based business
IT solutions and audiovisual products distributor Northamber has acquired Tempura Technology and Tempura Communications following a share purchase agreement that was exchanged and completed on Monday.
Spain's BBVA approaches rival Sabadell regarding possible merger
Spain's second-largest lender BBVA has expressed its renewed interest in a takeover of its smaller rival Banco Sabadell.
Haleon too shut Maidenhead factory, putting 435 jobs at risk
Haleon, the British healthcare company behind brands like Sensodyne and Panadol, is expected to announce 435 job cuts over the next two years due to plans to shut its Maidenhead manufacturing plant.
HSBC chief executive Quinn in shock departure
HSBC group chief executive Noel Quinn said he was retiring after nearly five years in the job, in a shock announcement on Tuesday.
Santander sees profits spark on higher interest rates
Banco Santander said on Tuesday that profits jumped in the first quarter, boosted by higher interest rates.
Space NK owner said to have hired bankers to sell beauty chain
The owner of Space NK has reportedly picked bankers to handle a sale of the high street beauty chain that is expected to fetch more than £300m.
Eurozone exits recession as Q1 GDP grows 0.3%, inflation holds at 2.4%
There were further signs that the eurozone was starting to turn a corner as inflation held steady at 2. 4% and the single currency economy avoided recession in the first quarter of the year.