Company News
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ConocoPhillips to buy Marathon Oil in $22bn deal
Wednesday 29 May 2024
(Sharecast News) - ConocoPhillips confirmed on Wednesday that it has agreed to buy Marathon Oil in an all-share deal worth $22bn. Read More
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Merck to buy EyeBio for up to $3bn
Wednesday 29 May 2024
(Sharecast News) - US pharma giant Merck said on Wednesday that it has agreed to buy ophthalmology-focused biotechnology firm EyeBio for up to $3bn. Read More
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Averon to buy Foresight Sustainable Forestry in £167m deal
Wednesday 29 May 2024
(Sharecast News) - Foresight Sustainable Forestry Company is to be acquired by Averon Park in a £167m deal, it was confirmed on Wednesday, less than three years after the specialist investment firm we... Read More
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Anglo rebuffs BHP request to extend takeover talks
Wednesday 29 May 2024
(Sharecast News) - Anglo American has rejected BHP's request to extend its 'put up or shut up' offer deadline, advising shareholders to take no action in response to the latter's latest attempt to swa... Read More
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Funding Circle to cut 120 jobs, CFO to step down
Wednesday 29 May 2024
(Sharecast News) - Funding Circle said on Wednesday that it was planning to axe around 120 jobs as part of its cost-cutting and streamlining efforts, as it announced the departure of chief financial o... Read More
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Shares in Gem Diamonds shine on 'remarkable' recovery
Wednesday 29 May 2024
(Sharecast News) - Gem Diamonds has recovered a 212 carat precious stone, the miner confirmed on Wednesday, sending its shares higher. Read More
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Bloomsbury Publishing buys US publisher for £65m
Wednesday 29 May 2024
(Sharecast News) - Bloomsbury Publishing said on Wednesday that it has bought The Rowman & Littlefield Publishing Group's academic publishing business for $83m (£65m). Read More
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Ofwat mulls cutting fines for struggling water firms - report
Wednesday 29 May 2024
(Sharecast News) - The regulator is considering reducing fines for financially stressed water companies, including crisis-hit Thames Water, it was reported on Wednesday. Read More
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PayPoint invests in open banking platform Aperidata
Wednesday 29 May 2024
(Sharecast News) - Payment tech group PayPoint has invested £1m in Aperidata to enhance its open banking solutions to clients, the company announced on Wednesday. Read More
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IWG slumps as CEO Dixon sells 35m shares
Wednesday 29 May 2024
(Sharecast News) - IWG slumped on Wednesday after chief executive Mark Dixon sold 35m shares in the flexible workspace provider. Read More
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Fuller Smith & Turner sells 37 pubs to Admiral Taverns
Wednesday 29 May 2024
(Sharecast News) - Pubs and hotels group Fuller, Smith & Turner has announced the sale of 37 pubs to Admiral Taverns for £18.3m as it looks to bolster its balance sheet. Read More
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JLEN Environmental posts dip in net asset value
Wednesday 29 May 2024
(Sharecast News) - JLEN Environmental Assets Group reported a dip in net asset value on Wednesday, on the back of lower power prices and battery revenues. Read More
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BHP urges Anglo American to extend offer deadline
Wednesday 29 May 2024
(Sharecast News) - Mining titan BHP has requested that Anglo American extend its 'put up or shut up' deadline so that the two can continue discussions around a potential £39bn takeover of the latter. Read More
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Profits dip at Pets At Home despite revenues jump
Wednesday 29 May 2024
(Sharecast News) - Pets At Home posted a jump in annual sales on Wednesday but saw profits fall back, hit by availability issues. Read More
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Bank of Georgia delivers solid Q1 as profit jump
Wednesday 29 May 2024
(Sharecast News) - First-quarter profits at Bank of Georgia were up by more than a fifth, helped by favourable macro conditions and the recent acquisition of Armenia's Ameriabank. Read More
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Boohoo u-turns on exec bonuses after investor outrage
Tuesday 28 May 2024
(Sharecast News) - Fast fashion retailer Boohoo has backtracked on a plan to seek investor approval to hand £1m each in bonuses to co-founders Mahmud Kamani and Carol Kane along with chief executive J... Read More
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Ithaca appoints ENI's Luciano Vasques CEO as Q1 profits fall
Tuesday 28 May 2024
(Sharecast News) - North Sea oil and gas explorer Ithaca Energy on Tuesday said it had appointed ENI executive Luciano Vasques as chief executive officer following its £750m deal to buy almost all of ... Read More
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Wednesday preview: Fedspeak, Beige Book in focus
Tuesday 28 May 2024
(Sharecast News) - Investors' focus in the middle of the week will continue to be on the scheduled remarks of top Fed officials as investors continue to wait on the week's key release, the PCE price i... Read More
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Ofwat set to refuse water companies' price increases; shares hit
Tuesday 28 May 2024
(Sharecast News) - UK water companies were under pressure on Tuesday following a report that Ofwat was set to refuse most companies' requests to hike consumer bills, with some getting as little as hal... Read More
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McLaren appoints three industry vets to board
Tuesday 28 May 2024
(Sharecast News) - F1, motorsports and supercar maker McLaren Group has appointed three new boardmembers in recent weeks, just two months after the sovereign wealth fund of Bahrain took full ownership... Read More
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