Company News
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Drax to pay £6.1m fine for breaching licence
Friday 13 Jan 2023
(Sharecast News) - Ofgem said on Friday that electricity firm Drax has agreed to pay a £6.1m fine for breaching its energy generation licence by charging National Grid excessive prices to reduce power... Read More
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Crypto.com to lay off 20% of global workforce
Friday 13 Jan 2023
(Sharecast News) - Crypto.com is axing a fifth of its workforce, the cryptocurrency platform said on Friday, after the collapse of FTX continued to send shockwaves across the industry. Read More
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Gleeson confident despite mini-budget slowdown
Friday 13 Jan 2023
(Sharecast News) - Low-cost housebuilder MJ Gleeson said it completed the sale of 894 homes during the first half - 4.1% fewer year-on-year. Read More
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Card Factory appoints Matthias Seeger as CFO
Friday 13 Jan 2023
(Sharecast News) - Card Factory said on Friday that it has appointed Matthias Seeger as its new chief financial officer. Read More
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DFS Furniture gross sales and order intake slip YOY
Friday 13 Jan 2023
(Sharecast News) - Soft furnishings retailer DFS Furniture said on Friday that both gross sales and order intake had slipped year-on-year in the six months ended 25 December. Read More
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C&C Group lowers FY guidance as consumer cost crisis grows
Friday 13 Jan 2023
(Sharecast News) - Bulmers cider maker C&C Group said annual results would be hit by the cost of living crisis affecting consumers. Read More
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ITV hails strong performance from new streaming service ITVX
Friday 13 Jan 2023
(Sharecast News) - ITV said on Friday that ITVX, its new, free, ad-funded streaming service, performed strongly in the first month after its launch on 8 December. Read More
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Wincanton Q3 revenues slip YOY
Friday 13 Jan 2023
(Sharecast News) - Logistics firm Wincanton warned on Friday that third-quarter group revenues had slipped year-on-year against "tough comparatives". Read More
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Vodafone planning hundreds of job cuts, mainly in London - report
Friday 13 Jan 2023
(Sharecast News) - Vodafone is reportedly planning to make its biggest round of job cuts in five years as it looks to rein in costs and revive its stuttering performance. Read More
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RHI Magnesita buys 65% stake in China's Jinan New Emei for €40m
Friday 13 Jan 2023
(Sharecast News) - RHI Magnesita said it was buying a 65% shareholding in China's Jinan New Emei for 293 million Chinese yuan (€40m). Read More
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Friday preview: US consumer confidence, bank earnings in the spotlight
Friday 13 Jan 2023
(Sharecast News) - All eyes at the end of the week would continue to be on the preliminary results of the University of Michigan's consumer confidence survey for the month of January. Read More
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Director dealings: Highcroft Investment raises stake
Thursday 12 Jan 2023
(Sharecast News) - Highcroft Investment revealed on Thursday that non-executive director David Warlow had acquired 12,200 ordinary shares in the London-listed real estate investment trust. Read More
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Plant Health Care inks distribution deal for India
Thursday 12 Jan 2023
(Sharecast News) - Plant Health Care announced on Thursday that it has signed an agreement with Novozymes South Asia, for the exclusive distribution of 'Harpin ab' for use in sugarcane production in I... Read More
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Windward wins another contract after positive year
Thursday 12 Jan 2023
(Sharecast News) - Maritime artificial intelligence (AI) specialist Windward described a year of positive momentum in a trading update on Thursday, with its annual contract value as at 31 December ris... Read More
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Anglesey acquiring another 29.8pc of GIAB
Thursday 12 Jan 2023
(Sharecast News) - UK minerals developer Anglesey Mining has agreed to acquire an additional 29.8% of Grängesberg Iron (GIAB), it announced on Thursday, which owns the Grängesberg iron ore project in ... Read More
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Virgin Orbit in active talks about new UK satellite launch
Thursday 12 Jan 2023
(Sharecast News) - Richard Branson's Virgin Orbit said on Thursday that it was in "active discussions" about another rocket launch from the UK after its mission earlier this week failed. Read More
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Liberty Steel to cut as many as 440 jobs
Thursday 12 Jan 2023
(Sharecast News) - Industrial and metals company Liberty Steel announced a fresh batch of job cuts on Thursday amid an attempt to "refocus" its operations. Read More
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Ubisoft slashes forecasts, shares tumble
Thursday 12 Jan 2023
(Sharecast News) - Shares in French games developer Ubisoft Entertainment tumbled on Thursday, after poor festive sales caused it to cut forecasts. Read More
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Alliance Pharma adds operations chief to management team
Thursday 12 Jan 2023
(Sharecast News) - Alliance Pharma announced the appointment of a chief operating officer on Thursday, in a bid to strengthen its executive team and board of directors, and to support the delivery of ... Read More
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Brooks Macdonald trades 'solidly' in first half
Thursday 12 Jan 2023
(Sharecast News) - Brooks Macdonald said in an update on Thursday that its funds under management were up 4.5% in the December quarter, with net inflows of £0.2bn for an annualised rate of 4.0%. Read More
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