Company News
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Direct Line warns over rising motor claims
Tuesday 09 May 2023
(Sharecast News) - Direct Line said on Tuesday that average renewal premiums rose in the first quarter but warned that rising claims in its motor segment will put pressure on earnings. Read More
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Microsoft's LinkedIn to cut more than 700 workers
Tuesday 09 May 2023
(Sharecast News) - Microsoft subsidiary LinkedIn announced that it would be reducing its workforce by more than 700, becoming the latest US technology name to make layoffs. Read More
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Tempur Sealy to buy Mattress Firm in $4bn deal
Tuesday 09 May 2023
(Sharecast News) - Tempur Sealy International said on Tuesday that it has agreed to buy Mattress Firm in a cash and stock deal valued at around $4bn. Read More
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Novavax to cut global workforce by a quarter
Tuesday 09 May 2023
(Sharecast News) - Novavax is to cut a quarter of its workforce and slash spending, the US biotech said on Tuesday, as it looks to manage costs amid waning demand for its Covid vaccine. Read More
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Director dealings: AstraZeneca CFO makes $1.5m sale, IHG chair buys in
Tuesday 09 May 2023
(Sharecast News) - At the top of the list of FTSE 350 director sells on Tuesday was AstraZeneca, whose chief financial officer sold almost $1.5m worth of the company's American depositary shares. Read More
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Ryanair agrees $40bn deal with Boeing on 300 new planes
Tuesday 09 May 2023
(Sharecast News) - Ryanair has agreed a huge $40bn deal with Boeing on 300 new aircraft purchases over the next decade, the two companies said on Tuesday. Read More
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Capital Metals jumps on non-binding deal with LB Group
Tuesday 09 May 2023
(Sharecast News) - Mineral sands specialist Capital Metals has signed a memorandum of understanding (MoU) with titanium dioxide pigments and sponge manufacturer LB Group, it announced on Tuesday. Read More
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Petards Group revenue, earnings fall in 2022
Tuesday 09 May 2023
(Sharecast News) - Security and surveillance technology specialist Petards Group reported total revenues of £10.87m in its final results on Tuesday, down from £13.57m in 2021. Read More
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Rotala profits improve as bus market recovers post-Covid
Tuesday 09 May 2023
(Sharecast News) - Bus-focussed passenger transport operator Rotala reported total revenue of £84.9m in its final results for 2022 on Tuesday, down from £96.5m in the prior year, but up from £78.1m in... Read More
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Osirium Technologies makes good first-quarter progress
Tuesday 09 May 2023
(Sharecast News) - Cloud-based cybersecurity specialist Osirium Technologies reported positive first-quarter trading in an update on Tuesday. Read More
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Plant Health Care gets first stage of Brazil approval for 'PREtec' product
Tuesday 09 May 2023
(Sharecast News) - Plant Health Care announced on Tuesday that its new 'PREtec' product, PHC68949, has received the first stage of regulatory approval for commercial use in Brazil. Read More
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Pearson hails opportunities in artificial intelligence
Tuesday 09 May 2023
(Sharecast News) - Pearson hailed the opportunities offered by Artificial Intelligence in a strategy update. Read More
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Midwich grows ahead of market in 2022
Tuesday 09 May 2023
(Sharecast News) - Global specialist audio visual distributor Midwich Group said in an update on Tuesday that while the pro AV market grew at an estimated 10.5% in 2022, it achieved record revenue, in... Read More
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UK regulator backs Viasat Inmarsat merger
Tuesday 09 May 2023
(Sharecast News) - The UK regulator has given the green light to the $7.3bn merger between rivals Viasat and Inmarsat, it was confirmed on Tuesday. Read More
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Tesco chair accused of inappropriate behaviour - report
Tuesday 09 May 2023
(Sharecast News) - The chair of Tesco has been accused of inappropriate behaviour, it was reported on Tuesday. Read More
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Deloitte faces probe over Joules audit
Tuesday 09 May 2023
(Sharecast News) - The UK's accounting regulator has started a probe into Deloitte's audit of clothing retailer Joules Group. Read More
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Lower oil prices dent profits at Saudi Aramco
Tuesday 09 May 2023
(Sharecast News) - Energy giant Saudi Aramco reported lower first-quarter earnings on Tuesday, after oil and gas prices fell back from historic highs. Read More
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WANdisco names former Sage boss interim chief executive
Tuesday 09 May 2023
(Sharecast News) - Scandal-hit software firm WANdisco said on Tuesday that it has appointed tech veteran Stephen Kelly as interim chief executive. Read More
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Civitas Social Housing agrees takeover by CK Asset Holdings, shares surge
Tuesday 09 May 2023
(Sharecast News) - Civitas Social Housing surged on Tuesday after it agreed to be bought by Wellness United Limited - a wholly-owned subsidiary of CK Asset holdings - in a £485m deal. Read More
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UK retail sales strengthen in April
Tuesday 09 May 2023
(Sharecast News) - Retail sales pushed higher in April, industry research showed on Tuesday, although shoppers took home fewer items as inflation continued to bite. Read More
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