Company News
Learning Technologies 'minded to recommend' takeover bid from General Atlantic
Learning Technologies surged on Friday as it confirmed it had received a conditional takeover approach from US private equity investor General Atlantic that it would be minded to recommend.
Director dealings: Wizz Air director makes share purchase
Wizz Air revealed on Friday that non-executive director Anthony Radev had acquired 6,150 ordinary shares in the London-listed budget carrier.
Rightmove tells shareholders to 'take no action' over £6.2bn REA offer
Rightmove responded to a fourth unsolicited and “highly conditional” acquisition proposal from REA Group on Friday afternoon, urging shareholders to take no action while it considered the deal.
Ceres Power underlying losses narrow on 'strong' H1 revenue growth
Fuel cell technology group Ceres Power said on Friday that it had delivered "strong growth" in revenue and order intake in the six months ended 30 June, along with a "significant reduction" in cash outflows.
Cranswick shares jump on upbeat FY outlook after strong first half
Shares in Cranswick jumped on Friday as the food producer said it expected annual results to be at the upper end of expectations after first-half trading came in ahead of the previous year.
CMA clears Amazon’s partnership with Anthropic
The Competition and Markets Authority said on Friday that it had cleared Amazon’s artificial intelligence partnership with San-Francisco based AI start-up Anthropic.
API offloads majority of portfolio to GoldenTree in £351m deal
Abrdn Property Income Trust is to sell the vast majority of its portfolio to Travelodge's US owner GoldenTree Asset Management, it was confirmed on Friday.
Roebuck reports revenue increase as it works on new strategy
Roebuck Food Group reported first-half revenue of £5. 97m on Friday - a significant increase from £1. 66m in the same period last year.
Mindflair swings to first-half profit
Mindflair reported a first-half profit of £1. 64m on Friday, swinging from a loss of £0. 51m in the same period last year, driven by strong performance in its AI-related investment portfolio.
Emmerson reports progress on Khemisset Potash Project
Emmerson updated the market on the development of its Khemisset Potash Project in Morocco in its interim results on Friday, having submitted an updated environmental and social impact assessment (ESIA) in the second quarter, incorporating optimisations from the Khemisset multi-mineral process (KMP).
AdvancedAdvT revenue, earnings to meet half-year expectations
International software provider AdvancedAdvT said in an update on Friday that it was expecting group revenue to reach £19. 5m for the six months ended 31 August.
OptiBiotix reports 21pc decline in first-half revenue
OptiBiotix Health reported a 21. 3% decline in revenue to £0. 28m for the six months ended 30 June on Friday, compared to £0. 35m in the same period last year.
REA urges Rightmove board to engage with it over £6.2bn fourth offer
REA Group urged the board of Rightmove to engage with it on Friday, as it made a fourth non-binding proposal to acquire the company, valuing it at £6. 2bn.
Haleon ups stake in China joint venture to 88%
Haleon said on Friday that it has agreed to buy an additional 33% interest in Tianjin TSKF Pharmaceutical - its joint venture in China - from its partners Tianjin Pharmaceutical Group (TPG) and Tianjin Pharmaceutical Da Ren Tang Group Corporation (DRTG) for RMB4,465m (circa£0. 5bn).
Clean Power Hydrogen reports £2m loss as it moves to commercial phase
Clean Power Hydrogen, a UK-based green hydrogen technology company, reported a loss of £2. 3m for the six months ended 30 June on Friday.
Mutares hits back after short-seller attack
German private equity firm Mutares responded on Friday to allegations made by short-seller Gotham City Research, insisting that discrepancies in its cash balances were down to a transcription error.
ValiRx losses narrow in first half
ValiRx, a life science company focussed on cancer therapeutic development, reported a total comprehensive loss of £0. 97m for the six months ended 30 June on Friday, narrowing from a loss of £1. 04m in the same period last year.
Iofina inks deal to build new iodine production plant
Iofina announced an agreement to build a new iodine production plant, IO11, in Western Oklahoma on Friday.
Totally secures new insourcing contract, NHS 111 extension
Healthcare services provider Totally has secured a new insourcing contract and an extension of its NHS 111 online contract, collectively valued at roughly £6. 1m.
Intel rejects approach from Arm Holdings - report
Intel has rebuffed an approach from Arm Holdings about buying the US chipmaker’s product division, it was reported on Friday.