Company News
Director dealings: Funding Circle founder sells shares
Funding Circle revealed on Monday that non-executive director Samir Desai had disposed of 4. 0m ordinary shares in the London-listed lending platform operator.
Tuesday preview: Eurozone inflation, global manufacturing PMIs set for release
Economic data will be on investors' minds on Tuesday in the absence of any scheduled corporate earnings, with manufacturing purchasing managers' indices (PMIs) and a key inflation reading from Europe due out during the session.
Carnival shares dip despite record third quarter, upgraded guidance
Shares in Anglo-American cruise giant Carnival were in the red on Monday afternoon, even after it reported record-breaking financial results for the third quarter, surpassing its earlier guidance and raising its full-year outlook for the third time.
Celadon Pharmaceuticals finance chief to step down
Celadon Pharmaceuticals announced on Monday that Jonathan Turner, its chief financial officer, was stepping down.
Versarien sells AAC Cyroma subsidiary for £0.55m
Advanced materials engineering group Versarien announced the completed sale of its wholly-owned subsidiary AAC Cyroma on Monday, to Harper Bennett for £0. 55m.
Vodafone and Three tell CMA 'outstanding issues' over proposed merger 'can be resolved'
Telecommunications firms Vodafone and Three have pushed back at the Competition and Markets Authority after the watchdog raised concerns over the pair's proposed £15. 0bn merger, stating that "outstanding issues can be resolved".
Applied Nutrition confirms plans for London float
Protein shake and supplements maker Applied Nutrition on Monday confirmed it was planning a London flotation.
Rightmove tumbles as REA Group abandons pursuit
Rightmove tumbled on Monday after Rupert Murdoch’s Australian property business REA Group said it was abandoning its pursuit of the property portal after a fourth, £6. 2m takeover proposal was rejected.
Biome secures £0.19m RF technologies contract
Biome Technologies announced that its RF technologies division had secured a £0. 19m contract to upgrade advanced analytical equipment previously supplied to a UK-regulated industry.
AT&T sells DirecTV stake to TPG for $7.6bn
American telecoms giant AT&T is to sell its 70% stake in satellite television provider DirecTV to private-equity firm TPG for a total of $7. 6bn.
Frasers makes £83m takeover bid for Mulberry, shares jump
Mike Ashley’s Frasers Group said on Monday that it had made an £83m takeover bid for Mulberry, as it criticised the luxury handbag retailer for not informing it of plans to raise £10m.
Intercede secures multiple contract wins, renewals
Cybersecurity software company Intercede announced on Monday that it had secured further contract orders and renewals worth a total of more than $1. 9m.
hVIVO gets HSE clearance, launches new lab services
Specialist contract research organisation hVIVO launched the full suite of services provided by its hLAB division - a highly specialised virology and immunology laboratory supporting preclinical and clinical drug development - on Monday.
Marlowe reports solid year-to-date performance
Business-critical regulatory compliance service specialist Marlowe reported a solid performance for the five-month period from 1 April to 30 August in an update on Monday.
Revenue, profits rise for Alliance Pharma
Alliance Pharma reported a 2. 8% increase in revenue on Monday, to £84. 8m on a see-through basis, driven by the robust performance of its Kelo-Cote franchise.
Oracle Power starts ground-based gravity survey at Blue Rock Valley
Oracle Power announced the start of a ground-based gravity survey at its Blue Rock Valley Copper and Silver Project in the Ashburton Basin, Western Australia on Monday.
Zinc Media confident in second-half uptick in TV production
Television and content production company Zinc Media reported first-half revenue of £14. 1m on Monday, down from £17. 7m in the first half of 2023, reflecting a wider market trend of production being weighted toward the second half of the year.
Short-seller ShadowFall takes bet against 3i Group
3i Group fell on Monday following a report that short-seller ShadowFall Capital and Research has taken out a multimillion-pound short position against the investment trust, saying that its largest holding, Action, was overvalued.
Vodafone says Three UK merger will not require shareholder approval
Telecommunications giant Vodafone said on Monday that its proposed merger with Three UK would not require shareholder approval under new UK listing rules.
Playtech upbeat after strong first half
Playtech posted a strong first-half performance on Monday, with revenue increasing 5% to €906. 8m and adjusted EBITDA rising 11% to €243m, driven by robust growth in its B2B division.