Company News
TotalEnergies to invest $10.5bn in Suriname offshore field
French oil major TotalEnergies announced on Tuesday it is investing $10. 5bn into the GranMorgu offshore oil field in Suriname.
Powerhouse Energy reports progress on Bridgend technical centre
Waste-to-energy technology developer Powerhouse Energy reported progress on the development of its technical centre in Bridgend, Wales on Tuesday, which it described as a key part of its strategy to demonstrate its waste-to-energy technology and explore commercial applications.
Director dealings: Relx director snaps up shares
Relx revealed on Tuesday that director June Felix had acquired 1,400 ordinary shares in the London-listed information and analytics company.
PepsiCo to buy tortilla chip maker Siete for $1.2bn
PepsiCo said on Tuesday that it has agreed to buy tortilla chip maker Siete for $1. 2bn.
Wednesday preview: Investors await outlook statement from JD Sports
JD Sports Fashion will be in the spotlight on Wednesday as the sports apparel retailer reports its results for the six months to 3 August.
Mothercare suspends shares from AIM due to delayed results
Mothercare suspended its shares from trading on AIM on Tuesday due to a delay in the publication of its results for the year to 30 March 2024.
Petro Matad announces successful Heron-2 drilling results
Mongolian oil company Petro Matad announced successful drilling results from its Heron-2 well, located in Block XX in the Tamsag Basin, eastern Mongolia on Tuesday.
Mpac launches £1m retail offer alongside £29m placing
High-speed packaging and automation company Mpac launched a retail offer to raise up to £1m on Tuesday, as part of a larger placing to raise almost £30m.
Intelligent Ultrasound completes £40.5m sale of Clinical AI business
Intelligent Ultrasound announced on Tuesday that it has completed the sale of its Clinical AI Business to GE HealthCare, for an enterprise value of £40. 5m.
Adnoc to buy Covestro in €11.7bn deal
Covestro shares sparked on Tuesday after the German chemicals firm agreed to be bought by Abu Dhabi’s state-owned oil firm Adnoc for about €11. 7bn.
Boeing considers raising at least $10bn selling new stock - report
Boeing is reportedly considering raising at least $10bn by selling new stock as it looks to replenish cash reserves depleted further by an ongoing strike.
Eurozone inflation falls below 2% in Sept, boosting rate cut hopes
Eurozone inflation fell below the European Central Bank's 2% target for the first time since 2021, boosting hopes of further interest rate cuts in the single currency bloc.
Eco Animal Health warns on FY revenues
Veterinary products group Eco Animal Health warned on Tuesday that recent challenges in China and Southeast Asia meant that full-year revenues would be "materially below" current market expectations.
SpaceandPeople finalises five-year deal with Network Rail
Retail and brand experience specialist SpaceandPeople confirmed the completion of its contract with Network Rail on Tuesday, securing exclusive rights for exhibitions, events, promotions, and sampling across the railway asset operator’s managed station estate.
Greggs backs full-year outlook but Q3 sales growth slows
Greggs slumped on Tuesday as it backed its full-year outlook but reported a slowdown in third-quarter sales growth.
WPP secures 'favourable outcome' from Unilever media review, shares jump
WPP jumped on Tuesday after consumer goods giant Unilever concluded its global media review and reappointed the ad agency’s media services business, Mindshare, in key markets.
Tavistock planning to offload two subsidiaries in £38m deal
Tavistock Investments announced the proposed sale of two of its subsidiary businesses, Tavistock Partners Limited (TPL) and Tavistock Estate Planning Services Limited (TEPS), to the Saltus Partnership Holdings on Tuesday, for up to £37. 75m.
Empyrean addressing China challenges after mixed year
Oil and gas explorer Empyrean Energy reported progress across its projects in China, Indonesia and the US in its final results on Tuesday, while also addressing challenges that had emerged in its operations.
Renew ends year ahead of expectations
Infrastructure engineering services group Renew Holdings flagged a stronger-than-expected financial performance for the year ended 30 September in an update on Tuesday.
Revenue falls but profits rise for James Halstead
Commercial flooring specialist James Halstead reported a 9. 4% decline in full-year revenue on Tuesday, to £274. 9m, down from £303. 6m in 2023, due to challenging market conditions.