Company News
UK business leader confidence drops sharply ahead of Budget
Confidence among business leaders in the UK dropped in September to its lowest level in nearly two years, with uncertainty ahead of the Autumn Budget holding back investment decisions.
Haleon buys back £230m in shares after Pfizer offloads £2.43bn stake
Pharma giant Pfizer has offloaded a £2. 43bn stake in Haleon, which in turn said it would buy back £230m of the shares.
The Works to focus on profitability after fall in full-year earnings
Value bookseller and stationer The Works reported total full-year revenue growth of 0. 9% on Tuesday, to £282. 6m, despite challenging economic conditions.
Peel Hunt reports solid first half but warns of political uncertainties
Peel Hunt reported a strong first-half financial performance on Tuesday, with group revenue rising 25% year-on-year to £53. 3m, up from £42. 7m a year earlier.
Endeavour Mining taps Sonia Scarselli as new VP of exploration
Endeavour Mining announced the appointment of Sonia Scarselli as its executive vice-president of exploration on Tuesday, effective from December.
Gaggenau lets Marylebone flagship store from Great Portland Estates
London-focused property group Great Portland Estates has let nearly 7,000 square feet of retail space at Orchard Court in Marylebone to luxury home appliances brand Gaggenau.
Mulberry rejects Frasers £83m offer
Expensive handbag maker Mulberry has rejected an £83m takeover offer from Mike Ashley’s Frasers Group saying it failed to recognise the company’s “substantial future potential value”.
Rio Tinto signs deal to develop lithium supply chain across Europe
British-Australian metals and mining titan Rio Tinto has announced a lithium supply chain commercial partnership with UK-based, lithium refinery developer Green Lithium.