Company News
Ferrexpo output drops in Q3 as margin pressure continues
Ukraine-focused iron ore pellet producer Ferrexpo reported a drop in production and continued pressure on margins in the third quarter, as the ongoing war continues to impact operations and the bottom line.
Shell shares rise slightly on third-quarter outlook
Shell released its third-quarter 2024 outlook on Monday, reporting that in the integrated gas segment, it expected production to range between 920,000 and 960,000 barrels of oil equivalent per day, with LNG liquefaction volumes between 7. 3 million and 7. 7 million tonnes.
Grainger reports solid end to financial year
Grainger, the UK’s largest listed provider of private rental homes, flagged a robust full-year performance in an update on Monday, supported by portfolio expansion and strong rental growth.
Starboard reportedly builds $1bn stake in Pfizer
Activist investor Starboard Value has reportedly built a stake in pharmaceutical giant Pfizer worth around a $1bn and is seeking to mount a turnaround at the struggling company, according to people familiar with the matter.
House prices rise again in September, near record highs - Halifax
UK house prices rose in September for the third month in a row and were close to record highs amid cheaper mortgage rates, according to figures released on Monday by Halifax.
Mitie buys Spain's Visegurity for £9.2m
Mitie Group said it had bought Spanish security business Grupo Visegurity for up to €11m (£9. 2m), made up of an initial €9m payment and performance-linked deferred payments of up to €2m over the next two years.
Rio Tinto confirms rumours of possible Arcadium Litihium takeover
Rio Tinto confirmed speculation on Monday morning that it has approached Philadelphia-based lithium chemicals producer Arcadium Lithium regarding a possible takeover.