News

LONDON MARKET CLOSE: Stocks mixed while hot CPI sends sterling higher
In New York on Wednesday, stocks were mixed. At the time of the London close, the Dow Jones Industrial Average was down 0.8%, the S&P 500 was down 0.2% and the Nasdaq Composite was up 0.3%.
Staffline reports continued momentum with initial 2025 trading
Staffline said trading is on track in 2025, with it expecting to deliver results in line with recently revised management expectations. Shares in Staffline were flat at 40.00 pence on Wednesday ...
PureTech Health hails positive lung function results from drug trial
PureTech Health PLC on Wednesday said a trial of deupirfenidone demonstrated "strong and durable efficacy" in treating idiopathic pulmonary fibrosis. PureTech is a London-based biotechnology company ...
Third Point Investors targets reinsurance firm after strategy review
(Alliance News) - Third Point Investors Ltd on Wednesday proposed an acquisition of Cayman-Islands-based annuity reinsurer, Malibu Life Reinsurance SPC, as it looks to solve the "structural headwinds" ...
Pantheon Resources shares dive as suspends Megrez-1 after flow test
(Alliance News) - Pantheon Resources PLC on Wednesday said it has suspended its Megrez-1 well in Alaska, after completing a "disappointing" flow testing programme. Shares in Pantheon Resources were ...
LONDON MARKET MIDDAY: Stocks down but pound hits over three-year high
The FTSE 100 index traded down 8.44 points, 0.1%, at 8,772.68. The FTSE 250 was down 175.93 points, 0.8%, at 20,920.51, and the AIM All-Share was down 3.56 points, 0.4%, at 734.02.
Foresight Solar Fund says generation ahead of forecasts for 2025
(Alliance News) - Foresight Solar Fund Ltd on Wednesday said its electricity production in the UK was ahead of its budget at the start of 2025 due to strong irradiation.
Avon Technologies swung to profit in first half, eyes full-year growth
Looking forward, Avon expects to deliver double-digit revenue growth in financial 2025 with improved returns in the second half. It added that is "on track" to deliver an adjusted operating margin ...
MultiChoice takeover by Canal+ gets nod from South African regulator
(Alliance News) - MultiChoice Group Ltd on Wednesday announced a positive opinion from South Africa's competition regulator on its proposed acquisition by Canal+ SA. In response, shares in MultiChoice ...
Essentra reports revenue decline but remains optimistic
The Oxford, England-based manufacturer and distributor of plastic injection-moulded, vinyl dip-moulded and metal components said revenue in the four months that ended May 3 declined 1.3% on-year on a ...
Edinburgh Investment Trust NAV return underperforms benchmark index
The FTSE 250-listed trust invests primarily in large-cap UK securities. It said its net asset value total return with debt at fair value was 8.3% in the financial year that ended March 31, ...
4imprint reports steady revenue but warns of tariff disruption
The company said it expects an element of supply chain disruption and higher product costs during the second half the year, ...