Company News
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Tesco shake-up to affect 2,100 jobs
Tuesday 31 Jan 2023
(Sharecast News) - Tesco announced plans on Tuesday to shake-up management and close food and hot deli counters that will affect around 2,100 jobs. Read More
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Johnson Matthey inks long-term supply and development agreement with Plug Power
Tuesday 31 Jan 2023
(Sharecast News) - Johnson Matthey inked a long-term strategic partnership to supply Plug Power with the advanced materials necessary for its fuel cells and electrolysers from 2023. Read More
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Grocery inflation surges to 16.7%
Tuesday 31 Jan 2023
(Sharecast News) - Grocery inflation soared to a fresh record in January, industry data showed on Tuesday, adding nearly £800 to annual food bills. Read More
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Activist investor Kelso Group takes 0.4% stake in THG
Tuesday 31 Jan 2023
(Sharecast News) - Activist investor Kelso Group said on Tuesday that it has taken a stake in "undervalued" e-commerce company THG. Read More
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Tesco to snap up Paperchase brand - report
Tuesday 31 Jan 2023
(Sharecast News) - Supermarket chain Tesco is reportedly planning to snap up the Paperchase brand. Read More
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Wickes Q4 sales rise 11.5%, FY profit seen in line
Tuesday 31 Jan 2023
(Sharecast News) - Home improvement retailer Wickes said on Tuesday that full-year profit was set to be in line with market expectations as it reported "strong" trading in the fourth quarter. Read More
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ITM Power sees 1H operating loss widen sharply, announces strategy changes
Tuesday 31 Jan 2023
(Sharecast News) - ITM Power saw its operating losses bloat over the half as it continued to struggle in its transition from a research and development outfit and into a volume manufacturer at scale. Read More
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Diversified Energy FY production rises despite market volatility
Tuesday 31 Jan 2023
(Sharecast News) - Natural gas firm Diversified Energy said on Tuesday that annual production had grown in a year "marked by volatility" stemming from "significant geopolitical activities". Read More
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AG Barr sees FY profits slightly ahead of consensus expectations
Tuesday 31 Jan 2023
(Sharecast News) - Irn-Bru maker AG Barr said on Tuesday that it was set to deliver full-year profit "slightly ahead" of current market expectations following a strong second-half sales performance. Read More
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Synthomer sees lower rubber glove production into 2023; FY in line
Tuesday 31 Jan 2023
(Sharecast News) - UK chemicals company Synthomer it still expected low rubber product output levels to continue this year as tough economic conditions persisted into the final quarter of 2022. Read More
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China factory activity expands for first time in four months
Tuesday 31 Jan 2023
(Sharecast News) - China's economic activity expanded in January after four months of contraction as the economy reopened from strict zero-Covid curbs, according to data published on Tuesday. Read More
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Director dealings: Audioboom chairman raises stake
Monday 30 Jan 2023
(Sharecast News) - Audioboom revealed on Monday that chairman Michael Tobin had acquired 2,761 ordinary shares in the AIM-listed podcast company. Read More
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Paperchase on the brink of falling into administration
Monday 30 Jan 2023
(Sharecast News) - British stationery retailer Paperchase was said to be on the brink of falling into administration as prayers of a solvent rescue deal faded away. Read More
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Tuesday preview: US Q4 employment cost index, China factory PMI in the spotlight
Monday 30 Jan 2023
(Sharecast News) - The market spotlight on Tuesday would be on the release of the US employment cost index for the fourth quarter, the last key inflation indicator before the Federal Reserve announced... Read More
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Apax to pump £60m into Matchesfashion - report
Monday 30 Jan 2023
(Sharecast News) - The private equity owner of Matchesfashion is to inject £60m into the online fashion retailer, it was reported on Monday. Read More
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Barclays expands flexible banking format
Monday 30 Jan 2023
(Sharecast News) - Barclays expanded its flexible banking formats strategy on Monday as the lender looks to evolve its physical footprint in response to "changing customer needs". Read More
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Shaftesbury reports 'buoyant' Christmas trading rebound
Monday 30 Jan 2023
(Sharecast News) - Property manager Shaftesbury said its estate in London's West End saw "buoyant" footfall and trading through the Christmas period, despite the broader cost-of-living crisis. Read More
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JD Sports hit by cyber attack
Monday 30 Jan 2023
(Sharecast News) - JD Sports Fashion said on Monday that it has been hit by a cyber attack in which the data of around 10m customers may have been accessed. Read More
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Ryanair swings to profit in third quarter
Monday 30 Jan 2023
(Sharecast News) - Budget airline Ryanair said on Monday that it swung to a profit in the third quarter as it hailed strong traffic over Christmas and New Year and low costs. Read More
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Lidl boosts spending on UK suppliers
Monday 30 Jan 2023
(Sharecast News) - Lidl is to invest a further £2bn in British food suppliers, the German discounter announced on Monday. Read More
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