Company News
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Meta to save at least $3bn in plan to oust another 10,000 workers
Tuesday 14 Mar 2023
(Sharecast News) - Meta Platforms, the parent company of social media giant Facebook, announced the laying off of an additional 10,000 employees on Monday as part of its ongoing effort to increase eff... Read More
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Midwich reports record full-year financial performance
Tuesday 14 Mar 2023
(Sharecast News) - Specialist audio visual distributor Midwich Group reported a record financial performance and further market share gains in its final results on Tuesday. Read More
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ITM Power agrees increase in power supply for testing
Tuesday 14 Mar 2023
(Sharecast News) - Hydrogen energy specialist ITM Power announced an agreement with Power On Connections on Tuesday, to increase its power supply at Bessemer Park by 300%. Read More
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Smart Metering Systems describes 'strong' full-year performance
Tuesday 14 Mar 2023
(Sharecast News) - Smart Metering Systems (SMS), a company that installs and manages smart meters, energy data, grid-scale battery storage, and other carbon reduction (CaRe) assets, reported a strong ... Read More
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Focusrite first-half profits in line as revenues fall
Tuesday 14 Mar 2023
(Sharecast News) - Global music and audio products maker Focusrite said in an update on Tuesday that its first half profits were in line with board expectations, which remained unchanged for the full ... Read More
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Apollo, Blackstone interested in SVB assets - report
Tuesday 14 Mar 2023
(Sharecast News) - Apollo Global Management and Blackstone have reportedly expressed interest in buying a book of loans held by collapsed California lender Silicon Valley Bank. Read More
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Blackstone to buy Cvent in $4.6bn deal
Tuesday 14 Mar 2023
(Sharecast News) - US meetings, events and hospitality technology provider Cvent said on Tuesday that it has agreed to be bought by private equity firm Blackstone in a $4.6bn deal. Read More
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Reach to put 400 jobs at risk of redundancy
Tuesday 14 Mar 2023
(Sharecast News) - More job cuts are on the way at newspaper and magazine publisher Reach, with more than 400 roles at risk of redundancy, the company and National Union of Journalists said on Tuesday... Read More
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Apollo Global to buy Univar in $8.1bn deal
Tuesday 14 Mar 2023
(Sharecast News) - US chemical company Univar Solutions said on Tuesday that it has agreed to be bought by Apollo Global Management in an all-cash $8.1bn deal. Read More
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Vivendi in exclusive talks over Editis sale
Tuesday 14 Mar 2023
(Sharecast News) - French media group Vivendi said on Tuesday that it is in exclusive talks with International Media Invest (IMI) to sell its Editis publishing business. Read More
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Asda's purchase of Co-op petrol stations raises CMA concerns
Tuesday 14 Mar 2023
(Sharecast News) - The merger between Asda and the Co-op's petrol stations and attached grocery stores could lead to higher prices for motorists and shoppers, the Competition and Markets Authority (CM... Read More
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Costain swings to FY operating profit
Tuesday 14 Mar 2023
(Sharecast News) - Construction group Costain said on Tuesday that it swung to a full-year operating profit as revenues grew. Read More
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Playtech buys stake in Hard Rock Digital, strikes strategic partnership
Tuesday 14 Mar 2023
(Sharecast News) - Gambling software company Playtech has announced a "landmark" strategic partnership with Hard Rock Digital (HRD), the global vehicle for interactive gaming and sports betting for Ha... Read More
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Tuesday preview: US CPI, UK employment in focus
Tuesday 14 Mar 2023
(Sharecast News) - The market spotlight on Tuesday was expected to continue to be on the banking sector with investors keen to see whether the relative calm in the US was mirrored on this side of the ... Read More
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Sabre Insurance still profitable in 'disappointing' year
Tuesday 14 Mar 2023
(Sharecast News) - Sabre Insurance Group said it still delivered growth and profitability in a 'disappointing' set of final results on Tuesday, saying it was well-positioned to recover margins while g... Read More
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Genuit FY profits drop as margin contraction offsets revenue growth
Tuesday 14 Mar 2023
(Sharecast News) - Piping manufacturer Genuit said on Tuesday that full-year profits had slumped despite reporting a modest uptick in revenues. Read More
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Pennon Group on track to meet full-year expectations
Tuesday 14 Mar 2023
(Sharecast News) - Water utility Pennon Group said in an update on Tuesday that it was on track to deliver results in line with management expectations. Read More
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Centrica to extend life of two UK nuclear plants
Tuesday 14 Mar 2023
(Sharecast News) - Centrica announced plans to extend the lives of the Heysham 1 and Hartlepool nuclear power stations on Tuesday. Read More
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GSK upbeat on meningitis vaccine candidate, asthma treatment
Tuesday 14 Mar 2023
(Sharecast News) - Pharmaceutical giant GSK reported positive results from a phase three trial evaluating its MenABCWY combination vaccine candidate for meningitis on Tuesday. Read More
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Computacenter delays results as auditor asks for more time
Tuesday 14 Mar 2023
(Sharecast News) - Computacenter said its annual results had been delayed after the tech firm's auditor asked for more time to complete its work on a US subsidiary. Read More
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